When PASPA was overturned in Murphy v. NCAA in May 2018, the sports betting industry changed forever. Not only did it pave the way for legalized sports betting outside of Nevada and the states that were grandfathered into PASPA, but it also created an opportunity for new sportsbook operators to enter the United States market.
An opportunity for a revolutionary sportsbook like the Australia-based PointsBet Sportsbook.
PointsBet has “fixed odds” betting, which is the industry standard of betting the line with the vig taken into account. When people talk about betting odds, they are talking about fixed odds, which are available at every sportsbook in the industry and are the default setting for sportsbooks.
PointsBet takes it one step further.
Also referred to as PointsBetting, since it is something exclusive to this particular sportsbook, spread betting at PointsBet is a higher-risk, higher-reward way to bet on sports.
Consider the fixed odds for a basketball game. Maybe the New York Knicks are playing the Chicago Bulls with a total of 200 and a spread of Bulls -1. With fixed odds betting, you bet over 200 or under 200 and Bulls -1 or Knicks +1. Those are your options on that game for the side and total.
With spread betting, the total of 200 and the line of -1 are a starting point at PointsBet. If you decide to go with the spread betting/PointsBetting option, you will still bet against the total of 200 or the line of -1, but your payout increases with each point above that line the game finishes.
Let’s say that the Bulls win 113-107 and you have a spread bet on Bulls -1 and over 200 for $10. With spread betting, your winnings are multiplied based on the amount you win by. Because the total went to 220, you would win $10 x 20 (points over the line of 200) and get a $200 payout! Because the Bulls won by 6, you would win $10 x 6 (points above the line) and get a $60 payout!
Seems too good to be true, right? Here’s the catch. If the Knicks win that game by 10 with a score of 100-90, your losses hurt that much worse. Because you had Bulls -1, you are actually 11 points off of that line, so you would lose $110. Furthermore, because the total went under by 10 points, you would lose $100 on your over 200 bet.
Spread betting at PointsBet is a question of confidence. How badly do you think the line is off? How confident are you that you can pick the right side of a side or total?
PointsBetting is all about risk and reward. You are taking a much bigger risk with your bet, but you have the opportunity at a much greater reward. All spread betting wagers have a cap on the high end and the low end, so you can only win a certain amount or lose a certain amount.
You can also set your own thresholds with spread betting using something called a Withheld Level. If you want your maximum win or maximum loss to be 20x your bet amount, you are able to do that. It does limit your winning potential, but it also limits how much you can lose on a game and it is entirely up to you.
PointsBet is available in New Jersey, Iowa, and Indiana and you can take advantage of the spread betting option in all three of those states.
If you sign up using the bonus code ATS, up to $1,500 in free bets will be available to you upon your first deposit. PointsBetting, or spread betting, isn’t the only unique bet type at PointsBet. In fact, they have over 500 different ways to bet certain games between the different styles of betting and the different props that are offered.
As a trailblazer in this new frontier of legalized sports betting in the United States, you would be crazy not have an account at PointsBet.