PointsBet is an innovative online sportsbook that provides a high-quality user experience, large bonuses and more betting options than any competitors.
The company was founded in Australia back in 2015, focusing on a novel form of wagering known as PointsBetting. It expanded into New Jersey in January 2019, and the brand has since been rolled out into 11 additional states, making it one of the country’s most widely available sportsbooks.
PointsBet now has a US headquarters in Denver, Colorado. Alongside its popular sports betting app and website, it has also launched an online casino in Michigan, New Jersey, Pennsylvania and West Virginia.
This PointsBet review highlights the brand’s unique features and key strengths. We will break down the concept of PointsBetting and explain how it differs from standard, fixed-odds wagering. You will also learn more about the bonuses and the banking options, along with our verdict on the overall customer experience.
PointsBet Mobile App Review
The PointsBet mobile app runs on proprietary technology created by the company. That means you will receive a unique experience. It is very stylish and visually pleasing, with red, white and gray text on a dark background. The layout is easy-to-follow, and page loading times are quick, so you can place bets rapidly on your mobile.
PointsBet offers a huge volume of betting options, but this neat, intelligent, minimalist design ensures that it is never overwhelming. There are some great features too. Perhaps the best is the “Name a Bet” option. It allows you to request any bet, and PointsBet’s oddsmakers will price it up for you.
The app also offers live streaming, detailed written previews of upcoming sporting events, betting stats on public consensus picks, live trackers for line movements, an early cash out option and partial cash out. It all creates a very impressive all-round sports betting experience, and the desktop site is also fantastic.
PointsBet Odds and Betting Options
PointsBet often provides the best odds in the country, particularly when it comes to NFL games. For example, most sportsbooks publish standard juice lines, which means you typically get odds of -110 on either side of a point spread or total points line. PointsBet often differs by offering -107 on either side of a bet, or you might find a -110 / -105 line. Its moneylines are very sharp.
Not only does it provide market beating odds, it also offers the broadest variety of bet types on the market. It is the only sportsbook with a comprehensive “Name a Bet” feature, and it is also the only US operator that provides PointsBetting markets. PointsBet takes wagers on popular sports like football, basketball, baseball, hockey, MMA, soccer, tennis, golf and boxing, along
with motorsports and smaller sports such as volleyball, cycling, rugby league, rugby union and cricket.
When you place a fixed-odds bet, you know precisely how much you stand to win or lose. For example, you might decide to bet on Matthew Stafford to throw for over 250.5 yards in an NFL game. There are two potential outcomes: he either throws for at least 251 yards and you get paid out, or he throws fewer than 251 yards and you lose.
PointsBet is a different ball game, because you generally have no idea how much you will win or lose when you place a bet. That means you can earn large profits, but you can also incur larger losses, so it is advisable to proceed with caution.
The PointsBet team will make a series of predictions on a sports event. Sticking with the example used above, they might predict that Stafford will throw for 246-256 yards. If you think he will throw for fewer than 246, sell at that price. If you think he will throw for more than 256 yards, buy at 256. Your profit or loss is worked out by taking your bet amount and multiplying it by the difference between the result and the price you sold or bought at.
For example, if you bought for $10 at 256 yards, and Stafford threw for 270 yards, you would earn $140 in profit. If he threw for 271 yards, your profit would be $150, while it would go up to $160 if he threw for 272 yards. Conversely, if he only threw for 248 yards, you would lose $80. As you can see, this is a high-risk, high-reward approach to betting, which mirrors CFD speculation on financial markets.
Brand Bonuses and Promotions
You will receive two risk-free bets worth up to $2,000 if you sign up for a PointsBet account using our unique referral link. That includes a risk-free bet of up to $500 to use on a fixed-odds selection and a risk-free bet of up to $1,500 for a PointsBetting market.
That makes this the largest sign-up bonus in the country right now. If your first bet loses, you will be refunded with PointsBet bonus funds – up to $500 for your first fixed-odds wager and $1,500 for your first foray into PointsBetting. The bonus funds have a 1x rollover requirement. Any profits you might earn then go into your PointsBet cash balance.
PointsBet has scaled back its additional promotions in recent months, but it still provides a great offer called Karma Kommittee. It provides you with a rebate if your wager loses to a bad beat, such as a dreadful call from an official or a bad injury. The rebate is paid as a free bet, which only needs to be rolled over 1x.
There are daily boosts on fixed-odds markets too, and PointsBet also runs a competitive rewards program. You will earn 1 point for every $5 wagered on a straight fixed-odds bet, $1
wagered on a parlay and every $1 won or lost on PointsBetting. You can exchange 250 points for $2.50 in free bet credits.
Which States is PointsBet Legal In?
PointsBet has been one of the most ambitious sportsbooks in the United States since launching in 2019. It is now available in 12 states:
PointsBet has also set up a Canadian subsidiary based in Toronto. There is also a PointsBet office in Jersey City, New Jersey, but its main North American operations are run from its Denver headquarters.
PointsBet Deposits and Withdrawals
PointsBet offers a slimmer range of deposit options than most online sportsbooks. These are the methods available:
Credit and debit cards – Visa, MasterCard
Online bank transfer
Deposits arrive immediately. The team will process withdrawal requests within 1-2 days. If you choose PayPal, you will get your money within 30 minutes of the request being approved. Bank transfers and eChecks take 1-3 days after approval. Banking at PointsBet is free, with limits to suit all players.
PointsBet Customer Experience
PointsBet’s customer service team is available to help with any requests 24 hours a day, seven days a week. You can contact an agent using the live chat feature in the app or online, or you can send them an email. The service is professional and reliable, which contributes to an excellent overall customer experience at PointsBet.