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Press release content from Business Wire. The AP news staff was not involved in its creation.

PointsBet Freezes Browns’ Super Bowl Odds in Wake of Odell Beckham Jr. Trade

March 13, 2019

EXCHANGE PLACE, N.J.--(BUSINESS WIRE)--Mar 13, 2019--Online bookmaker PointsBet has announced that they have frozen Super Bowl 54 odds for the Cleveland Browns in the wake of last night’s trade for Giants wide receiver, Odell Beckham Jr.

The Cleveland Browns, who have also agreed to sign defensive tackle Sheldon Richardson and Linebacker Olivier Vernon this off-season, and picked up star quarterback Baker Mayfield in last year’s draft, are now being looked at as a more serious contender for the upcoming NFL season. PointsBet isn’t jumping on this bandwagon.

“We’ve already seen a massive overreaction to this trade,” said PointsBet US CEO, Johnny Aitken. “We believe 2020 will be yet another Super Bowl-less season for the Browns, and that’s why we’re confident enough to issue an odds freeze at 30-1, despite most sportsbooks moving the odds to around 16-1.”

The blockbuster trade sent ripples across the United States, with nearly every sportsbook in Nevada and New Jersey drastically adjusting their Super Bowl odds on the Browns. PointsBet has proven numerous times that it won’t be swayed by the overreactions of its competitors.

“PointsBet will continue to take a position on futures markets with the Browns now 10 times our worst result,” Aitken said. “We are a bookmaker and we are here to take bets.”

Giants fans were left in a mix of shock and disappointment, while Cleveland fans are suddenly feeling extremely optimistic about the season to come. The Giants received a first round draft pick (#17) for the 2019 NFL draft, a third round draft pick, and safety Jabrill Peppers in return. During last year’s 5-11 Giants’ season, Beckham was responsible for 77 receptions for 1,052 yards, scoring six touchdowns.

To place a bet on the Browns reaching Super Bowl 54, and to learn more about PointsBetting, please visit www.PointsBet.com.

About PointsBet

PointsBet is a US Sportsbook originally founded in Australia. The company is a cutting-edge bookmaker that prides itself on having the quickest and easiest to use app (iOS and Android) and providing the best content and best experience for sports bettors. PointsBet offers the most markets on all 4 major US sports (NFL, NBA, MLB, NHL) and points betting in the world, including up to 1000 markets per NBA game.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190313005550/en/

CONTACT: Media: Danielle Montana, North 6th Agency, Inc. (For PointsBet)




SOURCE: PointsBet

Copyright Business Wire 2019.

PUB: 03/13/2019 11:45 AM/DISC: 03/13/2019 11:45 AM