PointsBet Aims To Process In-Game Bets In Under A Second

Ask any hardened in-game bettor to compile a list of grievances on vexations they must deal with while placing an in-play sports wager, and there is a strong likelihood that the dreaded “spinny wheel” will land near the top of the list.

Take, for instance, last weekend's dramatic comeback by the New York Jets over the Cleveland Browns. Trailing by six with roughly a minute left, the Jets' chances to pull off the upset increased exponentially after recovering an onside kick on their own 47. You raced to place an in-game wager on your mobile betting app, only to be greeted with an obdurate wheel that continued to spin interminably as a trading desk determined whether to accept the bet.

Among major mobile sportsbook operators, the industry standard for rendering a decision on bet acceptance is around seven seconds after a wager is physically placed. PointsBet, which offers an expansive menu for in-game betting, aims to complete the transaction with considerably more expediency. As the Australian-headquartered company enters the busiest portion of the annual sports calendar, it is targeting a delay of for all in-game wagers, PointsBet U.S. CEO Johnny Aitken noted at the 2022 Susquehanna (SIG) Gambling & Technology Ecosystem Forum this month.