PointsBet began its operations in 2017 in Australia.
Then in January 2019, it began operating in New Jersey as a partner of Meadowlands Racetrack. More recently, the company expanded into the Iowa online sports betting, Indiana, Colorado and Illinois online sports betting markets. And soon the site will launch in Michigan, with Virginia and Tennessee potentially on top as well. (It also has a PointsBet online casino launching in New Jersey soon.)
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.
The company is partners with two well-known figures in American sports, former NFL All-Pro Cornerback Darrelle Revis and NBA Hall-of-Famer Allen Iverson, both of whom are PointsBet brand ambassadors.
PointsBet offers new players in the New Jersey, Iowa, Indiana, Colorado and Illinois legal sports betting markets the chance to earn free bets from depositing up to $250. Here’s how it works.
It is a unique offer compared to other industry offers. Most deposit bonuses tend to be a flat percentage up to a maximum amount. But PointsBet has targeted its offer at specific deposit amounts. If you only want to deposit $50, PointsBet will triple your initial bankroll up to $150.
Alternatively Points will double your bankroll if you deposit $150 or $250. So as a ratio, $50 is the sweet spot. But as you can only take advantage of this offer one time, you may want to go with the higher deposit amounts as they result in a greater total bonus. Choose what suits your bankroll best!
Note that these offers apply to the exact dollar amount. For example, you will get exactly $150 in bonuses whether you deposit $150 or $151.
|Online Sportsbook||PointsBet Online Sportsbook|
|Bonus Offer||Deposit match in free bets worth up to $250|
|Legal States||New Jersey, Iowa, Indiana, Illinois, Colorado|
|Last Updated||November 19, 2020|
Players must be 21 years or older to play at the new sportsbook, and they must be physically located in New Jersey, Iowa, Indiana, Colorado or Illinois 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, Iowa, Indiana, Colorado and Illinois residents.
New Jersey, Indiana, Colorado and Illinois sports bettors can follow a similar process to sign up. Iowans have to do things a bit differently.
If you’re playing at PointsBet NJ, PointsBet IN, PointsBet CO or PointsBet IL all you need to do is click this link and download the app for either your iPhone or Android. Use our PointsBet Sportsbook promo code BONUSNOW on sign up to earn a deposit bonus of free bets when you deposit up to $250.
If you live in Iowa, you have another step. First, click this link to visit PointsBet Iowa and download the app. Use our promo code BONUSNOW to qualify for the bonuses.
From there, you’ll need to visit the Catfish Bend Casino in Burlington to finish setting up your account.
Yes, it is inconvenient, but it’s also how Iowa has set up online sports betting. All Iowa sportsbooks require in person registration.
Once you’ve made the trip to Catfish Bend, you can place your bets online from anywhere within state borders.
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 Sportsbook New Jersey: PointsBet partnered with the Meadowlands Racetrack in New Jersey, opening an online sportsbook in January 2018. The Australia-native company has picked up speed in the last few years as it has made its way west and continues to strike deals to open sportsbooks across the United States.
PointsBet Sportsbook Indiana: PointsBet expanded to Indiana in March of 2020. An interesting perk for PointsBet in Indiana is that they are the first to be able to use TV as a marketing tool in the US. This came after months of waiting, as the partnership announcement between PointsBet and Penn National Gaming came on July 31, 2019. The Indiana Gaming Commission (IGC) cleared PointsBet for a gaming license in January 2020. After that, it didn’t take PointsBet long to get their platform together. Right now, there are no retail sportsbooks available but that is something that PointsBet is currently debating.
PointsBet Sportsbook Iowa: PointsBet is the fourth mobile sportsbook to launch in Iowa, after the state approved both in-person and online wagering in May 2019. Pointsbet launched both its online and in-person sportsbooks in November 2019. The retail sportsbook is made possible by PointsBet’s partnership with the Catfish Bend Casino in Burlington, Iowa, while the online PointsBet Sportsbook is known as having some of the best sports promotions in Iowa.
PointsBet Sportsbook Illinois: PointsBet Illinois launched in September 2020. They are partnered with the Hawthorne Race Course in the Chicago suburb of Cicero.
PointsBet Sportsbook Colorado: PointsBet went live in Colorado in November 2020, in partnership with Double Eagle Casino in Cripple Creek.
PointsBet Sportsbook Michigan: Pointsbet has partnered with Lac Vieux Desert Band of Lake Superior Chippewa Indians at the Northern Waters Casino in Watersmeet, where their retail sportsbook will eventually open. From there, Michigan players can expect the online sportsbook to follow in the coming months.
PointsBet Sportsbook Tennessee: Unlike other states, the coming Tennessee sportsbook scene will not require operators to have a land-based partner. Expect to see regulated online sports betting in the state late 2020 or early 2021.
PointsBet Sportsbook Virginia: Virginia is another state with no land-based component to its coming legal sports betting. All betting will take place within the mobile apps for the operators. Virginia sports betting is also expected to launch in the coming months.
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.
PointsBet accepts a variety of banking options. They can vary from state to state, but the following options are typically available:
Some states also have cash at the cage options:
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).
PointsBet is currently operating legal online sportsbooks in five states: New Jersey, Iowa, Indiana, Colorado and Illinois.
However, the brand has also struck deals that will see it bring sports betting to a number of other states, including Michigan, Virginia and Tennessee.
Right now you can place real-money bets at PointsBet’s online sportsbooks in New Jersey, Iowa, Indiana, Illinois and Colorado.
The list of states where you’re able to place a bet at PointsBet is always growing. Refer to the top of this review for the latest list of states where PointsBet is available.
Not yet. PointsBet does have a deal to bring sports betting to New York, but it all depends on how the state ultimately approaches online sports betting.
Not yet. PA is one of the most restrictive and expensive markets in the nation when it comes to sports betting, so it’s no surprise that PointsBet has elected to wait before entering the PA sports betting market.
You can choose between the browser and app versions of PointsBet.
Use this link and you’ll be automatically taken to the appropriate version based on your device type.
You have a few options, including check and bank transfer.
Many players prefer the prepaid card option for making withdrawals or picking up cash at the cage of land-based partners in states where that is available.
The sportsbook is legal and properly licensed everywhere it does business in the U.S. market. And the company is publicly traded, providing another layer of transparency and accountability.