Dollar per point betting

[PharaohUB]

So me and my buddies will bet on a game. Say Lakers are 3 point favorites. We will say okay each point is worth a dollar and I have the Lakers. Lakers win by 10 he owes me $7 (beat spread by 7 points). Other team wins by ten I owe him $13 (he beat spread by 13 points).

I know there is a name for this type of betting but I can't remember it. Do any books online take any of this kind of action? It's such a fun way to bet. Every single point matters in the entire game. They could put 50X your point value on hold for the duration of the game to cover their asses and juice it up for all I care so sharps don't kill them. I would just enjoy it.

[byronbb]

Surprised it isnt more popular I think its called action points??

[princecharles]

Yep that's it.
Action points. TheGreek had/has them.

[Maniac]

Action Points, or also known as Spread Betting as well. Depends on what sports you wish to bet on, but www.sportingindex.com has the widest range of sports available in my opinion, though admittedly its not something I use that often, but I have dabbled with it in the past. Dont think they accept people from the US though, but not 100%.

Generally the line will be a point or so worse value that a standard line as the book will keep a middle point for themselves. So if the Lakers are -3 on the handicap vs Dallas, on the spreads it may look like this:

Dallas SELL 2 - 4 BUY LA Lakers

So this means that to bet the Lakers you would BUY for $1/point, and effectively have them at -4, and if they win by 10 then you get $6 return (exactly 4 is a push). If they lost by 10 then would cost you $14. Same with Dallas, effectively the line in this case is +2.

the 2-4 middle is the books Vig, I think with NBA totals I remember this vig being around 3-4pts, so a 190.5 total in Vegas would looks something like.

SELL (Under) 189 - 192 BUY (Over).

So again at $1/point a final total of 170pts would win you $19 if you SELL (bet the under) and if you had BUY (bet the over) then would cost you $22.

I believe they also have stop/loss accounts too, where the max win/loss per bet is limited, which can save you if a game gets way too far past the mark, but can also limit your winnings too. As an example, this limit might be something like 30pts either way, so if you had Sold on the above example and there ended up being 240pts in the game, then no stop/loss would cost you $51, a stop loss would limit the loss to $30. On the flipside, a game where you buy at 220 and finishes with 169pts would cost you $51 with a no stop/loss.

That ended up being a bit more of a detailed explanation than I had planned, but ah well - the point is that with anything, its always best to know exactly what the risks/rewards are so you dont end up out of pocket by the unexpected...

[PharaohUB]

Thanks Maniac for the detailed response. Any US books that do this-the one you mentioned does not. I honestly am not looking for a way to make any kind of edge here. I just think it's a fun way to bet and limits my exposure. I think I'd get as much of a thrill betting a $1/point then I would on making a $200 straight wager.

[princecharles]

Action Points, or also known as Spread Betting as well. Depends on what sports you wish to bet on, but www.sportingindex.com has the widest range of sports available in my opinion, though admittedly its not something I use that often, but I have dabbled with it in the past. Dont think they accept people from the US though, but not 100%.

Generally the line will be a point or so worse value that a standard line as the book will keep a middle point for themselves. So if the Lakers are -3 on the handicap vs Dallas, on the spreads it may look like this:

Dallas SELL 2 - 4 BUY LA Lakers

So this means that to bet the Lakers you would BUY for $1/point, and effectively have them at -4, and if they win by 10 then you get $6 return (exactly 4 is a push). If they lost by 10 then would cost you $14. Same with Dallas, effectively the line in this case is +2.

the 2-4 middle is the books Vig, I think with NBA totals I remember this vig being around 3-4pts, so a 190.5 total in Vegas would looks something like.

SELL (Under) 189 - 192 BUY (Over).

So again at $1/point a final total of 170pts would win you $19 if you SELL (bet the under) and if you had BUY (bet the over) then would cost you $22.

I believe they also have stop/loss accounts too, where the max win/loss per bet is limited, which can save you if a game gets way too far past the mark, but can also limit your winnings too. As an example, this limit might be something like 30pts either way, so if you had Sold on the above example and there ended up being 240pts in the game, then no stop/loss would cost you $51, a stop loss would limit the loss to $30. On the flipside, a game where you buy at 220 and finishes with 169pts would cost you $51 with a no stop/loss.

That ended up being a bit more of a detailed explanation than I had planned, but ah well - the point is that with anything, its always best to know exactly what the risks/rewards are so you dont end up out of pocket by the unexpected...

Great info, however I seem to remember that with thegreek the line was the line, and you would play action points off that, risking 110 for 100 for each action point, and they typically had a twenty point cap.

[whyteowl]

Bookmaker has this, but you have to call it in. They call it Action Points I think. Also I believe the cap is 10 points over the spread.

[Maniac]

Unfortunately I dont know many places that offer action bets to US customers - but then I dont have accounts with a lot of the major US companies, so might be worth having a look around...

[Sceptre]

I've played action points with two different bookies in Alabama for quite a few years.