What is the ‘Stop Loss’ function in PointsBetting and how do I use it?
Risk-averse bettors also have the option of choosing their own customized multiplier caps — or “stop losses” — which limit the potential win/loss multipliers for a specific wager. So if a bettor chooses a stop loss of 5x and makes a PointsBetting wager of $1, he or she can win or lose no more than $5 regardless of the outcome of the game.
In addition, this also affects how much you can win on the bet. Using the above example, if you choose a Stop Loss of 5x, your max win will in turn also be 5x.
Stop Loss is not available on all PointsBetting markets and cannot be added to markets by request. It will be available for high volatility markets such a NFL or NBA total. But would not appear in a Soccer spread due to its low volatility and likelihood.