PointsBet are a new and exciting bookmaker bring a new and unique way of betting to the Australian market.
Unlike ordinary online bookmakers, PointsBet.com offer Spread Betting. It’s a common form of betting overseas, especially Europe, but now it’s reached Australian shores and punters love it.
If you’re not sure what Spread Betting is then continue reading and we’ll explain it later on in this article.
PointsBet.com launched in Australia early in 2017 and are growing at a rapid rate.
The founders of PointsBet.com have no shortage of experience in the industry with CEO Sam Swanell and COO Andrew Fahey both having previously worked at TomWaterhouse.com. The Chairman of the Melbourne Racing Club, Mike Symons, is a key member of their advisory board and a shareholder.
PointsBet Betting Products
How to bet with PointsBet.com
Spread Betting is gaining more and more popularity in Australia since the launch of PointsBet.com. The unique way of betting is unlike traditional online bookmakers in Australia and they don’t offer fixed odds betting.
Instead the results of each market are variable, as is the amount you can win or lose.
Let’s use an AFL game for an example.
Say the line for Carlton Blues to win is set at -21 points but you think they’ll win by more than that. If you bet on Carlton to beat the line and place a $1 stake on the bet, for each point Carlton win by you’ll win 1x your stake. So if Carlton win by 31 and you had a $1 stake, you would win $10.
But it’s important to note it can work the other way too. If Carlton were to lose the game you would lose $21. If they were to only win by 15 points you would lose $6.
Whether Spread Betting is for you or not there is no denying that PointsBet.com are filling a hole in the market.
We don’t recommend PointsBet for every punter as the risks are greater than traditional fixed odds betting where you know exactly the amount you’re risking.
It also requires a level of expertise in the markets you’re betting on. We would only recommend betting on sports and markets you’re familiar with and have studied before betting.
Overall we can’t fault the website at all, it’s easy to use and the mobile site is great too. We just wish they would add an iOS app to go with their Android app.