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PointsBet Review

Last Updated: 8/15/2022
VA Sports Bettors Accepted

PointsBet Sportsbook Review

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Pros

  • 100% independent.
  • In-house odds.
  • Enormous quantity of unique bets. You can see over 250 different bet types for a single game.

Cons

  • After using the app for a while, you will no longer be qualified for promotions designated for “recreational” players.
  • Limits users on a heater.
  • Below-average deposit and withdrawal options.

Bonuses

Risk-free PointsBetting Wager up to $1,500

Receive up to $1,500 in Free Bet Credits if your first PointsBetting wager loses. Free bet credits expire within seven days. Free bet credits can be split equally up to four times. For example, the max. $1,500 free bet credit can be used as four $375 bets instead of one $1,500 bet.

Terms and conditions apply.

Risk-free Bet up to $500

If your first settled fixed-odds wager loses, you are eligible to receive free bet credits in the amount of the losing wager. Free bet credits expire within seven days after being issued. Free bet credits can also be split equally up to four times. For example, the max. $500 bonus value can be split into four $250 bets instead of one $500 bet.

Terms and conditions apply.

What is PointsBetting?

Simply put, points betting increases your risk and reward. How this works is if your bet wins by one point (or unit), you will win 1x your bet amount (stake). If your bet wins by two units, you win 2x stake. If your bet wins by 10 units, you win 10x stake, and so on. This increases your risk as it works the same for the potential amount you can lose, but it provides a more dynamic betting experience that can prove very profitable.

New User Promos

PointsBet is regularly one of the most generous sportsbooks in the U.S. They flex that by offering not one but two bonuses for new users to take advantage of, totaling $2,000, which leads the market.

The larger $1,500 risk-free bet PointsBet offers only applies to their signature PointsBetting system. This gives you some insurance on your first wager using their system as you get a feel for the risk/reward involved in that. To max this bonus out, you need to make a first wager of $1,500. The bonus isn’t tied to your deposit amount but your first wager amount.

The second bonus you can take advantage of is their $500 risk-free bet. This is pretty standard in the industry and gives you insurance on your first fixed odds wager. 

It’s worth knowing that any boosts, same game parlays, or traditional parlays are excluded when wagering with your free bet credits.

Ongoing Promos and Contests

PointsBet focuses more on its unique bet types than ongoing promos and contests, but it does have a few offerings. For example, make 10 MLB bets, and you’ll get a $25 bonus bet for free. You’ll also find plenty of local team bonuses and promos based on your location. All bonus money has a 1x rollover.

Here are a few other examples of ongoing promos:

  • Crowd Boosters: A spread will move a point for every 100-200 bets taken by the book.
  • Name a Bet: If you want to wager on a market that doesn’t exist, send them a message, and they’ll collaborate on a betting option with you. Tweet your concept @PointsBetUSA with the hashtag #nameabet, and they’ll price it.
  • Sunday Night 7: Free-to-play NFL game on the NBC Sports Predictor app powered by PointsBet. The app allows viewers to participate in a seven-question Sunday Night 7 contest focused on the upcoming game featuring a $100,000 jackpot.

Diamond Club VIP Program

PointsBet also features a Diamond Club VIP Program, which offers a personal account manager and free bets worth 5% of your weekly handle. This is a more appealing loyalty program than others you’ll find in the industry from rivals like Caesars and Barstool Sportsbook, whose programs feature virtually unachievable tiers.

Summary

In What States is PointsBet Available?
PointsBet is an Australian-based company, but it is available in the United States in New Jersey, Iowa, West Virginia, Indiana, Colorado, Michigan, and Illinois. They were one of nine sportsbooks approved for a Platform Provider license to operate mobile sports wagering in New York soon. PointsBet also reached a market access agreement in Texas through Major League Soccer’s Austin FC. They expect to be licensed in 10 more states by the end of 2022.

Sports Covered at PointsBet
Thanks to PointsBet being an international brand and owning its tech from end-to-end, they have one of the widest ranges of sports offered in the industry. You’ll find Aussie Rules, Basketball (NBA, NCAAB, WNBA, Int’l), Boxing, Cricket, Curling, Cycling, Darts, eSports, Football (NFL, NCAAF, CFL, XFL), Gaelic Football, Golf, Greyhounds, Handball, Hockey (NHL, Int’l), Hurling, MMA (UFC), Motor Sports (NASCAR, F1), Netball, Olympics, Rugby League, Rugby Union, Soccer (Multiple Int’l Leagues. Int’l Competition, World Cup), Table Tennis, Tennis, Track & Field, Snooker, Squash, Surfing, Winter Sports, Volleyball.

Also, the weather. Literally, you can bet on the weather.

Quality of Odds at PointsBet
You’ll find standard odds at PointsBet. They don’t traditionally open the market but will often offer boosted odds for local teams. In addition, they feature some promos like the “Crowd Booster” mentioned above that see the line moved based on the amount of action it’s getting from the public.

Online and Mobile Betting Experience
A mobile-first mentality seems to be the theme with the PointsBet design. The mobile app layout is much smoother than the desktop. However, it doesn’t save login info, offer Face ID, or PIN number. Users need to manually log in after 10 minutes of no activity, which is a drawback for those betting in-game specifically that want to jump on a bet quickly while watching a game. PointsBet has a rating of 4.6 out of 5 on the App Store.

Live Betting at PointsBet
PointsBet does feature live betting and streaming for select sports. This is an area PointsBet excels in as they offer one of the broadest selections of in-game bets and props in the industry. You can bet on super-specific bets like quarterback completion percentages and at exactly what second the first touchdown will be scored in a game. PointsBet is hoping that their in-play betting product will earn them a 10% market share in every state they operate, according to a 2021 quarterly earnings report.

Other Gaming Options at PointsBet
PointsBet launched its first iGaming options in 2021 in Michigan and New Jersey. It hasn’t received much critical feedback from users yet as there is a ton of competition in these markets already.

PointsBet History
PointsBet is a corporate bookmaker listed on the Australian Stock Exchange with operations in Australia, the United States, Canada, and Ireland. They joined the U.S. sports betting market shortly after PASPA was repealed, becoming the ninth sportsbook to operate in the state of New Jersey in Jan. 2019.

They offer one of the deepest slates of pre-game and in-play betting options in the world, thanks to owning and controlling its technology end-to-end. Their innovative nature shows that they don’t want to just be another book you place typical bets. Unfortunately, they are quick to limit bettors on a hot streak and limit the number of promos you’re able to take advantage of, making it necessary for you to shop at other books regularly.

PointsBet is one of the best books in the market if you’re curious to browse new sports markets to bet on or want to have some skin in a game you know little about to make it more interesting, thanks to their extensive offering of unusual bet types. You can see upwards of 250+ betting options for a single game. You can even bet on the weather with them or name your bet by reaching out to them with a proposition on social media.

PointsBet said it suffered a net loss on spread bets of “upward of $1 million” on the sportsbook’s first NFL Sunday operating in the U.S. thanks to heavy usage of their points betting feature.

In August 2020, PointsBet announced a five-year partnership with NBCUniversal to become the official sports betting partner of NBC Sports. PointsBet plans to commit $393 million worth of marketing spend throughout the partnership. NBC will also see a 4.9% stake in the betting company and receive fees in exchange for customer referrals with an exercisable option to increase ownership up to 25%.

In February 2021, it was announced that the NHL would receive equity in PointsBet as part of a broader deal that will make the brand an official betting partner of the league.

In May 2021, PointsBet and the WNBA announced a sports betting partnership, which will expand the platform’s women’s basketball offerings.

In September 2021, the brand announced that it will unveil integrations on the Football Night in America studio show and the new Peacock Sunday Night Football Final postgame show, stating that “Our NBC Sports NFL broadcast odds integrations represent a historic and groundbreaking moment for sports betting and PointsBet.”

Viewers will have the opportunity to watch a new weekly odds segment featuring expert analysis from PointsBet Global Ambassador Drew Brees. The feature will highlight NFL betting markets of the day and what to look for in Sunday Night Football, a first of its kind on the most-watched studio show in sports. Viewers will also see the return of the Sunday Night 7 free-to-play NFL game on the NBC Sports Predictor app powered by PointsBet.

In September 2021, PointsBet announced that it had entered into an exclusive agreement with Austin FC (AFC) of Major League Soccer (MLS), appointing PointsBet as AFC’s Exclusive Sportsbook Partner. PointsBet has also executed a market access agreement with AFC’s home stadium. Under the market access agreement, contingent on enabling legislation, PointsBet is appointed the venue’s exclusive partner for sports betting operations in Texas.

In a quarterly earnings report released in October 2021, PointsBet released that the U.S. division’s active players increased 367% year-over-year to 185,880. Their Australian platform hosts 222,662 players, giving them a total user base of more than 408,000. That’s on par with what rivals like Barstool Sportsbook have reported in 2021 but far behind industry leaders like FanDuel (more than 12 million) and DraftKings (more than 8 million). Obviously, DraftKings and FanDuel benefit from their longstanding user base of daily fantasy players.

In the same earnings report, PointsBet noted that its market share had fallen in every U.S. state it was operating. It saw a major loss in New Jersey, which was previously their best state as their market share fell from 7.8% in June 2021 to 3.9% in September 2021.

On November 8, 2021, the New York State Gaming Commission recommended PointsBet as one of the nine companies to be awarded a Platform Provider license to operate mobile sports wagering in the state along with FanDuel, BallyBet, BetMGM, DraftKings, Rush Street Interactive, Caesars, WynnBet, and Resorts World. While New York is obviously predicted to be one of the largest markets for sportsbooks to enter in the country, it also features a 51% tax on sportsbooks, the worst in the country. So, while the additional exposure will be nice, profitability isn’t expected in New York from most sportsbooks.

Visit PointsBet

Banking Options at PointsBet

Accepted Currencies

  • USD

Deposit

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Min: $5 Max: $50,000 Fee: Free
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Min: $5 Max: $50,000 Fee: Free
paypal logo
Min: $5 Max: $50,000 Fee: Free
echeck logo
Min: $5 Max: $50,000 Fee: Free
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Min: $5 Max: $50,000 Fee: Free
cash logo
Min: $5 Max: N/A Fee: Free

Withdrawal

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Fee: Free
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Fee: Free
cash logo
Fee: Free
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Fee: Free

PointsBet offers limited withdrawal options compared to some of its competitors, but all methods easily link to your bank account or an eWallet like PayPal. Note that some states do not allow credit cards as a form of deposit or withdrawal. This is not the sportsbook's fault. Cash at cage is also an option at retail PointsBet Sportsbook locations such as Bally's Atlantic City Hotel & Casino and Meadowlands Racetrack in New Jersey, Catfish Bend Casino in Iowa, and select locations in Illinois. For more info on Illinois cash withdrawal locations, follow the instructions [provided by PointsBet here](https://help.pointsbet.com/hc/en-us/articles/4402417599001-Withdrawing-Cash-in-Illinois).

PointsBet Review

PointsBet
Icon rating a-
Last Updated
8/15/2022