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 and Indiana online sports betting markets. And in May 2020 the site will launch its four American sportsbook in Colorado.
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.
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 has a new player offer that is quite unusual in the New Jersey, Iowa, and Indiana legal sports betting markets. Here’s how it works.
On each of these wagers, if it loses, you get up to $100 back by way of a refund to your account.
|Online Sportsbook||PointsBet Online Sportsbook|
|Bonus Offer||2 risk free bets worth up to $200 in total|
|Legal States||New Jersey, Iowa, Indiana, Colorado|
|Last Updated||May 21, 2020|
Players must be 21 years or older to play at the new sportsbook, and they must be physically located in New Jersey, Iowa, and Indiana 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, and Indiana residents.
New Jersey and Indiana 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 or PointsBet IN, 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 PLAYNJ on sign up to receive 2 risk free bets worth up to $100 each.
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 PLAYNJ 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 made the best out of the current situation by embracing virtual technology last month. On June 18th, instead of canceling their planned event, Pointsbet made their Investor Conferences virtual.
This means that the entire event was webcast, with Pointsbet inviting individuals as well as investment firms, advisors and analysts, to attend real-time. The virtual conference was made up of presentations that were streamed over VirtualInvestorConferences.com.
Additionally, Pointsbet is getting back in the game, preparing for baseball to start up at the end of July with a grand-slam of a promotion:
MLB Futures Bet Match-
Place a bet on any baseball market throughout the first week of July and receive a matched Free Bet, up to $25 to use on any MLB Futures market!
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 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: Indiana was the third state that PointsBet expanded to, lauching 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 Colorado: Pointsbet will join the first round of Colorado sportsbook operators where they o live in May 2020. The company did not hide its intentions regarding the state as soon Colorado made it clear sportsbooks would be declared legal. In a Press Release in July 2019, Johnny Aitken, PointsBet USA’s Chief Executive Officer said, “The PointsBet team is excited to join the great state of Colorado in establishing a new Denver headquarters. It’s a sports-loving, tech hub that is also in a great location for us strategically. We can’t wait to have a presence in the area and have access to some of the best and brightest minds as we continue to grow.”
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, however, these vary from one state to the next.
PointsBet Sportsbook New Jersey: PointsBet in New Jersey is the oldest US PointsBet sports book and their cashiering options are the most extensive. While PointsBet still doesn’t offer every popular deposit and withdraw option, the New Jersey platform does offer a few important variations
PointsBet Sportsbook Indiana: Online Banking is the only featured deposit option on the website. However, there are also the following options available for depositing funds to PointsBet in Indiana:
PointsBet Sportsbook Iowa: he two confirmed deposit methods for the PointsBet Sportsbook in Iowa is via ACH/E-CHECK and Credit/Debit Card. Since this is still a newer platform, though, it stands to reason that the cashiering options will expand with the popularity of the platform.
PointsBet Sportsbook Colorado: In keeping with PointsBet’s tradition, as the newest sportsbook, this platform, which is now live in Colorado also only offers ACH/E-CHECK and Credit/Debit Card deposit methods. Yet, with PointsBet gaining traction and traveling west, it is possible that at least some of the eastern PointsBet Methods will eventually travel with it.
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 best known for its legal sportsbook in New Jersey. It is also active in Iowa and Indiana.
However, the brand has also struck deals that will see it bring legal sports betting to a number of other states, including New York and Colorado.
Right now you can place real-money bets at PointsBet’s online sportsbooks in New Jersey, Iowa, and Indiana.
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 withdrawls or simply picking up cash at the Meadownlands racetrack.
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.