The anticipation is high among sports fans in Massachusetts for the official launch of MA sports betting. Australian-based PointsBet is one of the online operators in the running for a sports betting license in the state. The field includes established names like DraftKings and FanDuel, which offer traditional fixed odds wagers such as moneylines, parlays, and point spreads.
PointsBet distinguishes itself from the fray by offering a unique twist on sports betting called PointsBetting. This type of wager is exclusive to PointsBet Sportsbook, and gives players a fun and unique way to get in on the action.
What Is PointsBetting?
When PointsBetting, you still place a wager based on the game outcome. However, the exact result affects how much money you win or lose.
Your bet will be multiplied by the difference between the initial line and the actual outcome. So, if you bet $10 that a Celtics vs. Sixers game would have over 200 total points scored, and the actual final score had 202 points, your bet would be multiplied by two. You would win $20. If the total score had 208 points, you would win $80. If there was exactly 200 points, you would get your $10 back. It’s simple and has the potential for a great reward.
However, the same principle applies to losses. Your potential losses are also multiplied based on how close it is to the number. If the total score totaled 198 points, you would lose $20, and so forth.
While PointsBetting is a fun way to place wagers, it is high risk. We recommend easing into PointsBetting in order to get comfortable with the format.
If this type of wagering isn’t your favorite, PointsBet also offers traditional fixed odds wagering as well. You can be a PointsBet customer without ever dipping your toe into PointsBetting.
Related news: MA Gaming Commission Gets 15 Sports Betting License Applications
Like other sports betting operators, PointsBet will give new does offer new user promos so you can make risk-free bets. This is helpful if you’re unsure about PointsBetting but want to try it out without losing a large amount of money. While the payout ofPpointsBetting can be lucrative, the losses can also mount up. So, don’t bite off more than you can chew when making wagers.
You can place bets within the PointsBet app or online. The welcome bonuses include two second chance free bets:
- A second chance PointsBetting wager up to $1,500
- A second chance fixed odds bet up to $500
Refunds are in the form of free bets. Make sure to use your free bets before they expire after you sign up. Terms and conditions apply.
Currently, PointsBet is available in 13 states. The Massachusetts Gaming Commission’s timeline for approving online sports wagering in the Commonwealth State is sometime in early spring of 2023.