With spread betting only available for sports, PointsBet becomes a traditional bookmaker for race betting. There are no half-measures here either. It covers every horse, greyhound and harness race from Australia and New Zealand, plus there is a terrific amount of action from other countries, including: the UK, Ireland, France, USA, South Africa, Hong Kong, Singapore and Sweden among others.
Local races have win or place fixed odds betting and best tote markets BT+SP and MIDDIV. There are also the common exotic bets - quinella, exacta, trifecta and first four which can be boxed or unboxed. Also, PointsBet offers quaddies, double and running double. By clicking on the runner’s name an impressive form guide complete recent runs, course and distance results, career winnings, surface performance and much more is displayed. This in-depth data can certainly help guide punters in finding the best runners to back.
For international meetings, there isn’t so much going on. With no tote pools or exotics, you only have fixed odds betting on the win or place markets. Some events that are not priced up simply go with the SP. Furthermore, certain race cards didn’t offer any form guides either. If you’re a punter who likes to get in on the action early, head over to the ‘name a bet’ section where you’ll discover a list of racing futures. Here you can bet on the next Melbourne cup, the Everest, Cox Plate, Caulfield Cup, Golden Slipper, Inter Dominion and several other big Australian races.
PointsBet doesn’t offer live streaming on any races at the moment which is something many of its competitors do but all-round this is a worthy addition to the platform for punters.
What is spread betting?
Spread betting is quite different to the traditional way of betting. There are no odds like you would usually expect to find. Plus, your win/loss amounts are variable depending on what happens in the match. This means you can get some big wins or take some heavy losses. The easiest way to explain how spread betting works is to go through a few markets so you can see what the deal is. We’ll use a couple of sports in our examples to cover the key points.
EPL Soccer: Arsenal Vs Liverpool
As you can see, there is 29 (minutes) with an arrow pointing down meaning under, and 32 (minutes) with an arrow pointing up meaning over. So, let’s assume we want to bet on the under 29 market, and we wager $10. The 29th minute is the break-even point. If a goal is score before, we win $10 for every minute it is under.
E.g. a goal is score in the 9th minute. 29 - 9 = 20, so we win $10 x 20 = $200 profit
While that part is thrilling and exciting, if the clock ticks past 29 minutes and the match is still goal-less, then we start biting our nails because we lose $10 every minute it is over.
E.g. a goal is score in the 59th minute. 29 - 59 = -30, so we lose $10 x -30 = $300 loss
The same, but in reverse applies to the over 32 market. You lose if an early goal is scored but win if a team bags one later.
NBA Basketball: Detroit Pistons Vs Philadelphia 76ers
We have two markets in this image. Let’s deal with the ‘Line’ first. The 76ers are -9 and the Pistons are +6. This spread is similar to a traditional handicap bet. You need to remember that the team with the minus is the favourite. The easy way to note this is by thinking, if the game is a tie, you lose -9 betting units on the 76ers and win +6 on the Pistons.
So, let’s imagine we have a $20 on the 76ers (-9). The break even point is the 76ers winning by 9 points. Every point above 9, we win $20 for each. Every point below and we lose $20 for each.
The final score (regulation time) is Detroit Pistons 88 Philadelphia 76ers 112. This gives a point difference of +24 to Philadelphia. The spread/handicap is -9, so our bet wins by +13 points.
Therefore, we win $20 x 13 = $260 profit.
Any result less than the Philadelphia 76ers winning by 9 clear points means we lose.
E.g. Philadelphia win by 3 points. -9 + 3 = -6. $20 x 6 = $120 loss
Detroit win by 10 points. -9 + (-)10 = -19. $20 x 19 = $380 loss
The other market is the ‘Total Match Points’. This is like the goal minute in the first example (above). You either bet on over (226) or under (223). For every point you are correct you win one stake unit and the reverse applies if you lose.
PointsBet withholds an set amount at the time of you betting to cover a significant proportion of the risk. The amount ‘set aside’ is shown in the bet slip when placing the bet.
As is evident, spread betting is a high-risk, high-reward form of betting, so PointsBet offers stop losses on certain markets which reduce potential losses but also reduce the amount you can win. For example, on a line bet, you can set a stop loss at 10 points. So, if your selection does lose by 20 points, you only lose 10 times your stake. However, if you secure a comfortable win, this amount is capped, too.