1. 09-09-19 08:20 AM #1
    newton0038
    Update your status
    newton0038's Avatar SBR PRO
    Join Date: 03-07-07
    Posts: 2,315
    Betpoints: 1947

    PointsBet gets hammered on "Pointsbetting" $35k Ravens bet

    https://www.espn.com/chalk/story/_/i...ns-600k-payday


    I haven't seen this offered since Good ole Gameday.com. My first book
    Reply With Quote Reply With Quote
  2. 09-09-19 09:27 AM #2
    bonzaii
    bonzaii's Avatar SBR PRO
    Join Date: 07-07-17
    Posts: 4,976
    Betpoints: 287

    Bookmaker PointsBet offers a unique way to bet on the NFL. They call it "PointsBetting," a high-risk, high-reward wager that the bookmaker pioneered in Australia and brought to the U.S. last summer.

    It works like this: For every point a team covers the spread by, the initial stake multiplies. If you place a $5 "PointsBetting" wager on Team A -3, and Team A wins by 10 points, you win $35 (7 points times $5 per point above which the team covered the spread). Bettors have the option of setting the limits on a maximum win or loss, up to 50 times the initial wager.

    On Sept. 1, a "sharp client" placed the largest "PointsBetting" wager the book has taken since arriving in New Jersey: A $30,000 bet on the Baltimore Ravens -6 against the Miami Dolphins. The bettor chose to set the maximum win/loss at 20 times their initial wager.

    The Ravens won 59-10 on Sunday, and the bettor won $600,000.
    Pretty good read. Crazy you can win that much off on single selection. Guy would have won almost 1.3 million if he set his win/loss higher.
    Reply With Quote Reply With Quote
  3. 09-09-19 09:37 AM #3
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,804
    Betpoints: 9216

    Ha. I bet there is 100 horror stories about losing way more than expected than there is about big surprise winners when it comes to Spread Betting.
    Reply With Quote Reply With Quote
  4. 09-09-19 09:38 AM #4
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,470
    Betpoints: 1276

    Quote Originally Posted by Optional View Post
    Ha. I bet there is 100 horror stories about losing way more than expected than there is about big surprise winners when it comes to Spread Betting.
    B.i.n.g.o
    Reply With Quote Reply With Quote
  5. 09-09-19 09:42 AM #5
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,804
    Betpoints: 9216

    Quote Originally Posted by biggie12 View Post

    B.i.n.g.o
    Not a fire you want to play with.

    Better to play crazy parlays if you want a shot at a lottery size payout.

    At least you can't lose a lottery win size amount that way, and just as much chance of winning one.
    Reply With Quote Reply With Quote
  6. 09-09-19 09:58 AM #6
    bonzaii
    bonzaii's Avatar SBR PRO
    Join Date: 07-07-17
    Posts: 4,976
    Betpoints: 287

    Quote Originally Posted by Optional View Post
    Not a fire you want to play with.

    Better to play crazy parlays if you want a shot at a lottery size payout.

    At least you can't lose a lottery win size amount that way, and just as much chance of winning one.
    Why don't more books offer it than?
    Reply With Quote Reply With Quote
  7. 09-09-19 10:00 AM #7
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 57,804
    Betpoints: 9216

    Quote Originally Posted by bonzaii View Post

    Why don't more books offer it than?
    I don't know. Has always seemed to be an offshoot sort of betting option in Aus and UK.

    More associated with stock and currency betting sites than sports in the past.
    Reply With Quote Reply With Quote
  8. 09-09-19 10:23 AM #8
    Gaze73
    Gaze73's Avatar Become A Pro!
    Join Date: 01-27-14
    Posts: 3,105
    Betpoints: 1192

    I should get into spread betting, yesterday I had Vikings -3 as my best bet and they won 28-12 after a 28-0 Q3 score. If you wait for your opportunity and know what you're doing then it offers massive value. Vikings -15.5 paid only +425 at some books but a spread bet would've paid +1200.
    Reply With Quote Reply With Quote
  9. 09-09-19 10:31 AM #9
    Shifty
    Shifty's Avatar Become A Pro!
    Join Date: 08-10-08
    Posts: 547
    Betpoints: 7997

    Pointsbet's regular sportsbook isn't that great. Sure, they'll take a bet on NFL but try to get down on any small market they'll limit you to $100-200. Every bet is subject to approval. You could wait 2 minutes before your bet is accepted or cut back.
    Reply With Quote Reply With Quote
  10. 09-09-19 10:52 AM #10
    PD77
    Bitches!
    PD77's Avatar SBR PRO
    Join Date: 12-11-09
    Posts: 2,365
    Betpoints: 2326

    Quote Originally Posted by newton0038 View Post
    https://www.espn.com/chalk/story/_/i...ns-600k-payday


    I haven't seen this offered since Good ole Gameday.com. My first book
    WSEX.com used to offer spreadbetting and they paid interest on your balance too! Ahh the good ole days.
    Reply With Quote Reply With Quote
  11. 09-09-19 10:54 AM #11
    Itsamazing777
    Not interested....
    Itsamazing777's Avatar SBR PRO
    Join Date: 11-14-12
    Posts: 11,182
    Betpoints: 1724

    Quote Originally Posted by Shifty View Post
    Pointsbet's regular sportsbook isn't that great. Sure, they'll take a bet on NFL but try to get down on any small market they'll limit you to $100-200. Every bet is subject to approval. You could wait 2 minutes before your bet is accepted or cut back.
    pathetic really they vet your bet like that
    Reply With Quote Reply With Quote
  12. 09-09-19 11:11 AM #12
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    just a promotional thing

    Probable was a link to an employee if you investigated

    They are not doing well, too many books in NJ to compete
    Reply With Quote Reply With Quote
  13. 09-09-19 11:46 AM #13
    moojoo
    moojoo's Avatar Become A Pro!
    Join Date: 09-02-16
    Posts: 938
    Betpoints: 229

    Can somebody explain to me,first time i hear about PointsBetting.
    He bet 30k but he could lose 600k if Miami destroyed Ravens somehow?
    If yes,where is guarantee he would pay remaining debt?
    Reply With Quote Reply With Quote
  14. 09-09-19 12:15 PM #14
    fastfastrfastest
    fastfastrfastest's Avatar Become A Pro!
    Join Date: 08-27-19
    Posts: 4
    Betpoints: 78

    Quote Originally Posted by moojoo View Post
    Can somebody explain to me,first time i hear about PointsBetting.
    He bet 30k but he could lose 600k if Miami destroyed Ravens somehow?
    If yes,where is guarantee he would pay remaining debt?
    If the bets as straight forward as it appears then yes he could end up on the hook for $600,000. Guy either has great cred with the book, has an extremely high balance with them or provided a financial guarantee. Either way, well done.
    Reply With Quote Reply With Quote
  15. 09-09-19 12:17 PM #15
    asiagambler
    asiagambler's Avatar SBR PRO
    Join Date: 07-23-17
    Posts: 6,382
    Betpoints: 30443

    Basically like leveraged trading. Popular in the UK.

    This doesn't sound realistic though as you would have to have enough to cover losses in your balance.
    Reply With Quote Reply With Quote
  16. 09-09-19 12:31 PM #16
    SBR Tony
    SBR Tony's Avatar Become A Pro!
    Join Date: 01-31-18
    Posts: 3,934
    Betpoints: 2969

    Quote Originally Posted by bonzaii View Post
    Why don't more books offer it than?
    I posted about this earlier in the year.

    most books got killed offering action points and it was used mostly in the NBA
    Reply With Quote Reply With Quote
  17. 09-09-19 12:37 PM #17
    LT Profits
    LT Profits's Avatar Become A Pro!
    Join Date: 10-27-06
    Posts: 90,963
    Betpoints: 5179

    Quote Originally Posted by moojoo View Post
    Can somebody explain to me,first time i hear about PointsBetting.
    He bet 30k but he could lose 600k if Miami destroyed Ravens somehow?
    If yes,where is guarantee he would pay remaining debt?
    He has to have at least 660,000 balance posted up already.
    Reply With Quote Reply With Quote
  18. 09-09-19 01:02 PM #18
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Some offshore books used to offer action points and got rid of it like many said in the UK this is hugely popular


    Two leading firms are spreadex and sportingindex
    Reply With Quote Reply With Quote
  19. 09-09-19 03:46 PM #19
    Bluehorseshoe
    Bluehorseshoe's Avatar Become A Pro!
    Join Date: 07-13-06
    Posts: 14,936
    Betpoints: 1557

    Quote Originally Posted by jjgold View Post
    Some offshore books used to offer action points and got rid of it like many said in the UK this is hugely popular


    Two leading firms are spreadex and sportingindex
    I think Cris still has them. You have to call in for them.

    (Also called lightning bets)
    Reply With Quote Reply With Quote
  20. 09-09-19 07:32 PM #20
    DontTailMe
    DontTailMe's Avatar Become A Pro!
    Join Date: 03-24-19
    Posts: 2,897
    Betpoints: 6810

    Sounds almost identical to the "lightning bets" Artie used to tell stories about with Norm MacDonald on Howard Stern.
    Reply With Quote Reply With Quote
  21. 09-09-19 07:34 PM #21
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    You’ll get buried betting action points
    Reply With Quote Reply With Quote
  22. 09-09-19 08:48 PM #22
    cincinnatikid513
    contra spem spero
    cincinnatikid513's Avatar Become A Pro!
    Join Date: 11-23-17
    Posts: 45,361
    Betpoints: 100

    bet if u just bet the patriots every game u would do very well the last 10 years
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »