PointsBet is a relative newcomer to the legal online betting scene and has generated a considerable amount of interest. The brand is known for its unique points betting system that is different than fixed odds. In addition, they offer bonus deals for new customers, a mobile app, and other features we've come to love in online sports gambling. Read our updated 2020 honest and unbiased PointsBet review and take advantage of our special PointsBet promo code offer below.
Deposit $50, Bet with $150
VegasInsider PointsBet Sportsbook Rating
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T&Cs Apply, 21+, only in NJ, IN, IA, IL
PointsBet Welcome Offer
The brand actually has a few different welcome bonuses. And that is part of why it gets such a high rating for this section. So, if you want to create an account with PointsBet Sportsbook, you can choose from a lot of bonuses.
The sign up offers that are available on the online sportsbook are:
Exclusive Signup Offer
Right now, use the exclusive PointsBet promo code XTRABET by clicking any of the links on this page and get a $25 signup bonus plus up to $500 matched on your first deposit! To claim this deposit bonus, you must deposit a minimum of $50. Namely, Deposit $50 and bet with $150 – That's a 3x multiplier! Now, if you want the full $500, deposit $250 (a 2x bonus). Naturally, terms and conditions apply. Make sure to read all bonus terms before claiming any offer.
Customers should make sure to check on the online sportsbook to confirm which promotions are offered as they can sometimes change. Even so, the online sports betting site will most likely have a type of new user promotion that is similar to the promotions that have been covered in this guide. This is to make sure that new users are attracted to the site.
Signup Bonus Offer
When creating a new account, a new customer can get up to $500 just for making a new account and depositing for the first time with this online sportsbook. And before depositing, new players using code XTRABET will get $25 at signup. Remember, every promotion has its own terms and conditions. They determine how a user is able to spend the bonus money in a way that allows you to keep it. This is also known as a wagering requirement. Bettors will want to meet the wagering requirements in order to keep the bonus cash.
What States Can You Bet Online with PointsBet?
PointsBet Colorado (CO)
With sports betting set to launch May 1st, Colorado approved the first sports betting licenses and PointsBet was first through the door. Also, Pointsbet has signed a partnership with the Double Eagle Casino. So, expect PointsBet Colorado to launch their mobile sports betting app soon.
PointsBet Indiana (IN)
PointsBet launched in Indiana in March 2019 just in time for March Madness. The PointsBet app works the same in Indiana as it does in NJ. Naturally, the PointsBet Indiana app is available for both iOS and Android. Place wagers on the PointsBet Indiana app on college sports as well as the NFL, NBA, NHL, and MLB. Get the app today to be ready to bet on March Madness picks!
PointsBet New Jersey (NJ)
PointsBet officially launched in New Jersey in January 2019. This marks PointsBet’s first entry into the US market. Since 2017, PointsBet has been operating in Australia. PointsBet offers all traditional types of bets plus a new betting system called points betting for high-risk, high-reward types of wagers. The PointsBet app is available now for anyone in New Jersey, Indiana, Illinois and Iowa.
PointsBet Iowa (IA)
Just like in NJ and Indiana, PointsBet Iowa is offering the same great welcome offer. That's right, snag a bonus $25 at signup. Plus, get a 100% deposit match when depositing anywhere from $150-250, or get a 3x deposit match if you deposit $50.
Note, however, there is one key difference in signing up with PointsBet in Iowa. Currently, the Hawkeye State still requires in-person registration to finish the process. So, make sure once you go through the online registration form you get yourself over to Catfish Bend Casino to complete your new registration. Once that's done, you get the same welcome bonus, as stated.
PointsBet Illinois (IL)
PointsBet launched in Illinois in September 2020 just in time for the 2020 NFL season. Illinois became the fourth state for to launch PointsBet, following launches in New Jersey, Iowa, and Indiana. In addition to starting the PointsBet mobile app and digital product, PointsBet will have a retail presence in Chicago soon. The PointsBet debut will be at four sites in Chicago. Hawthorne Race Course (Stickney, IL) represents the flagship retail location, and additional off-track betting (OTB) premium sportsbooks will debut in Prospect Heights, Oakbrook Terrace, and Crestwood.
PointsBet Promo Code
The PointsBet promo code is always changing with the sports season. However, the online sportsbook typically has some great promotions offered. So, you will most likely enjoy any PointsBet promo code that you redeem.
The brand does makes it easy to redeem a PointsBet promo code. Typically, you will be able to redeem it just by entering the code when prompted. Then, you should make sure you meet any wagering requirements to keep the bonus.
So, when you find a promo code for the online sportsbook, you will want to do your research. Make sure you are able to meet the terms and conditions. And then, you will get the most out of your PointsBet online promo code.
How to Sign Up at PointsBet
Getting started at PointsBet is simple and as long as you are over the age of 21, you can create a new member account and start wagering on your favorite sports. This betting site offers amazing ways to wager and win and you will also be able to take advantage of some great bonus offers. Below, you can learn the step by step process of creating a new account and you will instantly be able to begin wagering. Be sure to enter any available bonus codes when signing up to take advantage of free bets and more at PointsBet!
How the Points Betting System Works
Placing wagers at PointsBet is simple and rewarding. When you access the site using your login information, you will see a complete list of sports listed on the left of the screen. To place a wager, you will choose your preferred sport. You will then see the bet types that can be placed. All of the current odds will be displayed beneath each bet type. Choose one of these and an amount to wager. Your bet will be added to the bet slip and you can enter multiple bets. Once all information is in the bet slip, simply submit your wager.
All payouts will be automatically credited to the account when the bet is settled. At PointsBet, you will find the unique points betting option. This is different from fixed odds as your wins or loses will not be fixed, but will be variable amount. This form of betting allows you to win more, but you can also lose larger amounts, so use the option with caution. For example, if you choose points betting and your bet wins by a single point, you win 1x your wager. Winning by 2 will result in a 2x wager. This same formula is used for losses.
In addition to PointsBetting, you will also find traditional bet types supported, including money lines, point spreads, player props, team props, game props, and point totals.
Other PointsBet Sportsbook Offers
After you have created your account and have taken advantage of the risk-free bets worth up to $1000, you can redeem any other promotion that is provided. The Promotions page will contain all available offers and these are all redeemable with a real money account. The promotional offers will all be based on current sports that are in season and you will find some great offers that can enhance your betting experience.
PointsBet currently has some special offers for the World Series, including the Let it Fly Homers bonus. With this, if you place a minimum bet of $50 on a pre-game moneyline, you will get $10 in extra bets for each home run your selected team hits.
The NFL Loyalty Program is a great current offer that can be enjoyed when placing any NFL wager. Here, you will earn bonuses as you place bets. Just place 25 bets to get a $100 bonus, 50 bets for a $200 bonus, 75 bets for a $300 bonus, and 100 bets for a $500 bonus.
Looking to wager on NBA games? The Make it Rain promotion is a great offer where you will get $3 for every three-pointer that your team makes in a game. To benefit from this promotion, you must place a $100 point spread wager.
These are just a few of the amazing offers that can be redeemed when you open and fund your account at PointsBet. Watch for new promotions to be added as the NFL and NBA seasons are played.
Betting Markets & Available Sports
PointsBet online sportsbook has a great selection of sports available. For the most part, any sport that you can think of is available on PointsBet Sportsbook. So, customers should be quite happy with the selection offered.
Typically, the online sportsbook offers promotions centered around many sports events during the year. So, you can make the most of your bets by waiting for these promotions. And, you can typically find a promotion offered for your favorite sport.
Points Betting Explained
As its name suggests the brand is a sportsbook that specializes in points betting. Points betting is not the same as traditional sports betting. When you place a points bet, the profit or loss you can get from a bet is not fixed until the end of the game.
In the event that the bet a customer places wins by one point or unit, the customer should win one times the stake. If the bet wins by two points or units, the customer will then win twice the stake placed. And so on and so forth.
However, if the bet loses by one point or unit, the customer would lose one time the stake. It the bet loses by two points or units, the customer would lose twice the stake. And so on, and so forth.
Other Bets Offered
There is also a range of bets offered based on minutes or seconds in games. PointsBet NJ sportsbook specializes in the types of NBA bets and games that it has. Some of the NBA bets offered on the website are not offered anywhere else.
The brand also has outright win bets like many other sportsbooks. And, more specialized bets like the first team to score, time of the first penalty, and time of first shot - just to name a few. So, you can really place a wide variety of bets that are not offered on any other sportsbook. Plus, you can place the bets you may be used to from other online sportsbooks.
The PointsBet Sportsbook offers moneyline odds or American odds on the website. The odds that are listed are comparable to the odds listed on other online sportsbooks. So, that is a good sign when looking to create an account with this online sportsbook website.
However, because the online sportsbook has its own types of bets that are unique to the site, there are different odds as well. The brand has odds listed that are exclusive to the types of bets that they alone offer. So, it is impressive to see such a wide variety of odds used.
The website offers the points spread odds, the total odds, and the moneyline or American odds for different sporting events. Most events have all three listed. So, this will help to inform the bets you want to place.
For instance, the Boston Red Sox will be facing the San Diego Padres. We will look at the Moneyline odds for this sporting event. The Boston Red Sox have -131 Moneyline odds to win the game. The San Diego Padres have +111 odds to win the game.
So, that means that if you place a bet on the Boston Red Sox to win the game, we can figure out what your profit will be if they win. Say you place a stake of $100 on the Boston Red Sox to win. The payout you would receive in the event of a win would be $176.
Now, say that you placed a bet on the San Diego Padres to win the game. And, say that you place the same stake of $100 on the game. The payout that you would receive would be $211.
Streaming and Live Betting on PointsBet
Now, this is where the PointsBet website is lacking. Unfortunately, at this time, the operator does not have a live stream option. So, this lowered its overall rating in this review.
However, the PointsBet website does offer live in-game betting. So, this improves the live rating for the online sportsbook. And, it does make it more exciting to place bets using the online sportsbook.
PointsBet Mobile App
The PointsBet app is available on both iOS or Android. However, keep in mind that the Google Play store does not yet allow real money betting apps. So, you will have to find it on the website to download it. In order to download the app, you need to have sufficient memory on your device and have an up to date operating system.
You can use the PointsBet app to place real money bets as long as you are in New Jersey, Illinois, Indiana, or Iowa. Naturally, you must be of legal betting age (21+). So, the mobile app does a great job of recreating the same features and feel of the desktop website.
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T&Cs Apply, 21+, only in NJ, IN, IA, IL
PointsBet Payment Options
Now, this is another section where the PointsBet sportsbook is lacking. Unfortunately, the online sportsbook and the app do not accept a wide variety of payment options. The payment options listed on the website are: Visa Card, Mastercard, and Online Banking.
With online banking, you can use a wire transfer, or an eCheck/ACH transfer. However, there is no eWallet option like PayPal listed. And there is no cash option like Cash at the Cage listed.
So, because many other online sportsbooks offer more options for payment, the brand, unfortunately, loses points for this oversight. Hopefully, more payment options will be added soon.
The PointsBet Sportsbook has some great customer care offered. Besides the customer service options, the PointsBet sportsbook review appreciates the tutorials offered. So, these together up the score for this section.
For customer service options, the PointsBet sportsbook has an email option and a live chat option. Though there is no phone option, the live chat option is even available on weekends. The agents are fast and thorough and will answer your questions.
The Revis Betting Academy offers insights like Points Betting 101. So, even newer bettors can learn how to use the website and to place their bets. This definitely ups the PointsBet sportsbook score for this section.
So, our PointsBet Sportsbook review is very favorable. VegasInsider gives the PointsBet sports betting app 4.5 stars. Overall, we recommend this sportsbook for experienced bettors because it has a more traditional user experience. Plus, bettors have access to a wide variety of prop bets to bet on their favorite sports.
PointsBet specializes in sports betting markets NFL, MLB, and NBA. Plus the points betting system allows you to win or lose as much as 10x. The more you’re right, the more you win.
However, the lack of a live streaming and payment option is a detriment for the PointsBet sportsbook. On a positive note, the great in-app experience and customer service make it worthwhile to use.
Where is PointsBet legal? Do I need to be in NJ?
PointsBet is now live and legal in four states: New Jersey, Indiana, Illinois and Iowa. So, whether you're a Hoosier, a Hawkeye, or hanging in the Boss' hometown, bet with PointsBet Sportsbook today!
Are there maximum payouts at PointsBet?
Yes, each sport will have a set amount that can be won each day from bets that are placed. These limits are listed in the Rules section of the site. For football, the limits are $500,000 for NFL, $250,000 for NCAA, and $100,000 for Arena. Basketball limits are the same for the NBA, NCAA and Other leagues and NHL payouts are capped at $250,000 per day.
Is there are Rewards Program?
Yes. As a registered member with a real money account, you can earn points for wagering. Fixed odds wagers will earn 1 point for every $5 bet, Parlay wagers earn 1 point for every $1 bet, and PointsBetting wagers earn 1 point for every $1 won or lost. You can redeem points for free bets. 250 points can be redeemed for $2.50 in free bets.
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T&Cs Apply, 21+, only in NJ, IN, IA, IL