PointsBet began its operations in 2017 in Australia.
Then in January 2019, it began operating in New Jersey as a partner of Meadowlands Racetrack, thus making its first entry into a US market.
The New Jersey Division of Gaming Enforcement licenses and regulates the new site.
PointsBet.com offers many traditional betting options, but it sets itself apart from other sportsbooks with “PointsBetting,” a high-risk type of wager that gives players the opportunity to win more depending on how “right” they are.
PointsBet has a new player offer that is quite unusual in the New Jersey legal sports betting market. Basically PointsBet will boost your bankroll if you make a deposit – deposit $50 bet with $150, that’s it.
|Online Sportsbook||PointsBet Online Sportsbook|
|Bonus Offer||deposit $50 bet with $150|
|Last Updated||September 10, 2019|
PointsBet has a terrific bonus offer running right now. Players can make a first deposit and immediately find they have triple the amount to bet with PointsBet’s deposit $50 bet with $150 bonus offer.
With the deposit $50 bet with $150 deal, players can find themselves an extra $100. Use promo code PLAYNJ during the deposit to activate this terrific promotion.
Players must be 21 years or older to play at the new sportsbook, and they must be physically located in New Jersey to place wagers.
The site uses geolocation technology to ensure users meet this requirement. Those visiting the state may also use the online sportsbook, but specific promotions are only available to New Jersey residents.
Yes, though some promotions are only available for residents of New Jersey.
The site lists all of its current promotions on its “promos” page. PointsBet bases promotions on bet type, league and time of day.
College basketball fans will love the no-juice spreadlines offered on the top eight teams in the country, while NBA and NHL fans will benefit from early payouts on moneyline wagers in both sports. This means the site pays players’ earnings if they are winning at halftime or the end of the first period, respectively.
Players looking to bet on their lunch breaks can also take advantage of lunchtime booster odds, which the site offers from noon to 3 p.m. on weekdays.
Those who would like the site to create a market that is not initially available can request such a line through Twitter using @PointsBetUSA and #nameabet. Such requests must be submitted at least two hours before the beginning of an event.
PointsBet.com offers a traditional loyalty program, even as some other sportsbooks are moving away from such programs. Customers can track their points on the “rewards” page.
Players receive one rewards point per dollar they wager on fixed odds markets and per dollar won or lost on PointsBetting Markets, as well as five rewards points for each dollar wagered on parlays. Players receive their points when wagers are settled.
Yes, players can download a mobile app to their Apple and Android devices. Players can find links to the apps at the bottom of each page on the site. The same pre-match and live-betting options available on the desktop version of the site are available through the mobile apps.
Most PointsBet players are likely to choose the Visa and Mastercard options for funding and withdrawing from their accounts. How do players deposit, withdraw funds?
Players who have trouble using these cards should contact their financial institutions before contacting the sportsbook’s support because some cards have restrictions.
Players can also make deposits through ACH/e-check and EML cards. The site does not offer as many deposit and withdrawal options as some of its competitors, which may be related to its high-risk betting options.
Due to state and federal laws, players must satisfy specific requirements before making their first withdrawals. These include identity and payment verification.
Players making PointsBetting wagers cannot withdraw their entire balance before they settle all such outstanding bets. This is to account for the risk of loss beyond their initial wager amount.
PointsBet.com does have multi-bet options available, though they are more limited than what many other sites offer.
Bettors can place accumulator wagers, which are also known as parlays, on up to 12 selections at a time. Players must make PointsBetting wagers individually, and bettors cannot include those wagers in parlays.
The site does not currently offer teasers, which are a favorite among Americans wagering on football and basketball.
As of February 2019, the site offers lines on 17 sports. All of the most popular sports in the US are among the list, which includes:
Among the other sports are rugby, soccer and Aussie rules football.
Players looking for the basic markets (i.e., moneyline, spreads, and totals) will have no trouble finding them at PointsBet.com. The site advertises that it has more markets on NFL and NBA games than any other sportsbook on the planet.
These markets include time in minutes for a player to pass a certain number of points, and quarterback (QB) completion percentage.
There is, however, a vast difference between the number of markets available for professional sports and those available for college sports. For example, NHL games usually have more than 100 markets available and NBA games typically have upwards of 200 markets.
By contrast, college basketball games may have as few as five to around 30.
PointsBet will determine how many markets are available on a given game on the quality and popularity of the teams, the strength of the conference and whether the game will air on TV. Beyond the basic three, the site is most likely to offer markets on team totals and first and second half lines.
The number of prop bets available for professional sports will attract players who seek out exotic wagers, at least for professional sports. The site’s leading betting option, though — PointsBetting — sets this site apart from its competitors.
The markets are high risk, high reward and give players the opportunity to win or lose based on how right (or wrong) they are. This contrasts sharply with fixed odds wagering, in which the amount players can win or lose is set at the time of the wager.
PointsBetting will be new for most players, and those who have not done it before should proceed with care. This type of betting can expose players to bigger losses, while also giving them much bigger potential wins than fixed odds betting.
With traditional sports betting, players wager on yes or no propositions. For example, if a player bets University of Notre Dame -7.5, the player wins the same amount whether Notre Dame wins by eight or by 38. That same player loses the same amount (i.e., their initial wager) if Notre Dame wins by seven or loses by 17.
With PointsBetting, the amount a player wins or loses is determined by the margin of victory or loss of their wager. In the case above, the player would win more money if Notre Dame wins by 38 than if they won by eight. That same player would lose more if Notre Dame lost by 17 than if they won by seven.
In both cases, the amount won or lost would change with each additional point.
The site employs formulas to determine how much each point changes the win or loss amount based on the predicted variation. For example, because hockey is low scoring, one goal in a hockey game makes a much bigger difference to the amount players win or lose than one point in basketball, which is high scoring.
The site does put a cap on the maximum amount a player can win or lose on a given wager. That amount is several times the amount of the initial wager, which is why all players, especially those who are new to PointsBetting, must carefully consider their wagers and their exposure to potential losses.
Players who want to engage in PointsBetting but who do not want the level of risk involved in the site’s default settings may set and adjust a “stop loss” to cap how much they can lose. This also caps how much those players can win on those bets.
The site offers “the Revis Betting Academy,” a page that explains the different types of bets that PointsBet offer.
Players can use live chat and email support around the clock. They can also utilize telephone support from 8 a.m. to midnight.
Players can find the email and chat options at the bottom of any page on PointsBet’s site. They may also turn to the “help” section, where answers to common issues are in the list of frequently asked questions (FAQ).