The top concern for anyone looking to place a sports bet is simple: losing money. Imagine if there were a way to hedge against your potential losses. Check this out. Thanks to PointsBet Sportsbook, now you can hedge your “points bets” up to $1,000:
Until the end of the month, place any amount of PointsBetting bets, and if all your bets combine for a losing amount, we will refund your losses as Bonus Bets up to $1,000! ⬇️
— PointsBet Sportsbook (@PointsBetUSA) July 22, 2019
PointsBet Sportsbook offers PointsBetting, which is a standout option for sports bettors. It’s pretty simple and can be quite lucrative as they outlined in a PointsBetting video. For example: If Carson Wentz’s over/under for passing yards in a game is 240, a bettor takes the over, and Wentz throws for 250, the bettor’s $10 bet would be multiplied by the 10 additional yards Wentz went over for a total payout of $100. It makes individual bets in otherwise meaningless games a much more engaging endeavor.
Points Betting, to be sure, is a low-risk, high-reward style of betting which makes up only about 20% of PointsBet’s total handle. Small wagers can become big ones in a hurry. It adds an element of excitement to a wager, but the downside can be pretty intense. What’s more, wagers almost by definition have to be small when compared to bankroll because you need to have enough funds in your account to cover the potential of the bet.
Offering insurance on the losses is a pretty great way to entice some people to try it out.
The fact that they will now refund up to $1,000 if a bettor’s combined bets on a losing amount is a pretty solid show of faith on their part and could give bettors a bit of much-needed confidence. If nothing else, it’s certainly worth a look.