- 100% independent.
- In-house odds.
- Enormous quantity of unique bets. You can see over 250 different bet types for a single game.
- 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.
PointsBet’s 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.
New User Bonus
PointsBet is one of the more creative sportsbooks in the industry, and they’ve incorporated that into their new-user bonus program. Instead of settling for a single risk-free bet of $1,000 like the industry standard, PointsBet offers two separate risk-free bets for a total of up to $2,000 in insurance.
The first part of their offer includes $500 back if you lose your first fixed-odds bet. The second part of the offer consists of up to $1,500 back if you lose your first PointsBetting wager, their flagship proprietary betting method.
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.
Ongoing Promos and Contests
PointsBet focuses more on its unique bet types as opposed to 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, just 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 some of the others you’ll find in the industry from rivals like Caesars and Barstool Sportsbook, whose programs feature virtually unachievable tiers.
In What States is PointsBet Available?
PointsBet is an Australian-based company, but it is available stateside 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 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.