PointsBet Review

Losing Bet Rebate

$2,000

Bonus Code

PROPS

Available In

CO, IA, IL, IN, KS, LA, MD, MI, NJ, NY, OH, PA, VA

9.2
More about PROPS Scoring >
Bonuses & Promotions
Mobile App & Website
Registration & Cashier
Betting Options
Comparison

PointsBet Review

Last Updated: January 12, 2023

PointsBet operates as a groundbreaking online sportsbook in the U.S.

Betting options include the innovative “PointsBetting” wagering style, which allows bettors to win (or lose) more money based on margin of victory. PointsBet is the only online sports betting site which offers this unique betting style.

In addition to cutting-edge betting options, PointsBet functions as one of the best all-around sportsbooks in the online sportsbook industry.

You can sign up for a PointsBet account using the links in this review, and opt-in for two risk-free bets up to a combined $2,000.

Top Reasons to Choose PointsBet

  1. Live betting
  2. "PointsBetting" wagering
  3. Top-rated app
CLAIM OFFER

Verified Reviews

Darrin Verderame (Caldwell, NJ)

I like wagering with PointsBet because of the many different promos they offer. They also have quick parlay which makes it easier to put in a parlay so you don’t get shut out. The site seems to be very quick when you navigate. It’s also easy to find what you’re looking for. Next Up feature tells you what games are coming up, which is great. They also have a very good rewards program. You could also request a wager if you don’t see it available. They could improve their customer service. I don’t like that there aren’t too many options for payouts.

William Smith (Philadelphia, PA)

PointsBet has a hefty risk-free sign-up bonus which is always a great draw to get you in the door. Their promotion is $2k risk free which I love. I do enjoy the layout of the app and they make it very simple to find the games and sports you’re looking for. I also really enjoy their bet booster odds hub. I love having bet boosts and enjoy analyzing them and it has made me pivot into different sports and enhanced my sporting knowledge and interest. I wish they had more of a rewards program and bonuses for current customers.

John Allaire (Arlington, VA)

I was pretty impressed with the app overall. The new user promos are pretty enticing— basically a risk-free bet up to $500. The app and web-platforms are fast, smooth, intuitive and easy to learn. The sportsbook has a contemporary and professional design but it has a dark background which isn’t as easy to go through and read as a FanDuel. There’s no clutter and account information is clear and accessible. I noticed the chat tool was pretty good as well for customer service. I would like to see more bets available, but the lines were pretty good and better than the ones that I saw on some other sites. The Pointsbet concept is pretty cool (win more $ when your team wins by more). Biggest positives are the ability to choose a line and also the parlay boost, but must have 3 or more teams.

Christian Dulin (Philadelphia, PA)

PointsBet is one of the newest sport books available in Pennsylvania and I absolutely love it!! The new sign-up bonus was fantastic with an option of either $1.5k risk free or $200 when a player scores a basket. The ability to split your free bet is something I’ve never seen before. I also became hooked on points betting, essentially you can win more money than ever before! They have same game parlays and very generous odds on all of the games, with certain props available that are not anywhere else. The withdrawal process is quick and easy. I just think they need to improve their initial verification check. I did not like having to input my full social and upload personal information.

Q&A

  • Can I Bet on college sports on PointsBet? Yes. College wagers are allowed, provided the state where the bettor is located doesn't have a prohibition against them.
  • Does PointsBet offer fantasy games? No. However, it offers player statistics and fantasy propositions across all major worldwide sports.
  • Does PointsBet have a rewards program? Yes. PointsBet's loyalty program rewards players based on how much they play. PointsBet users earn one point for each dollar wagered in fixed-odds betting markets. Parlay bets get five points for every dollar wagered.
  • Does PointsBet allow me to bet on credit? No. PointsBet doesn't provide a credit option to sports bettors in the U.S.
  • Does PointsBet offer betting contests? Yes. PointsBet extends various betting contests tied to specific sports leagues, including the NFL.
  • Can I bet anonymously at PointsBet? No. To wager on PointsBet, following state laws everywhere, players must register and, in some cases, verify their identities.
  • Does PointsBet offer prop bets? Yes. PointsBet's unique prop bet is called Points Betting. PointsBetting functions in a similar fashion to a spread bet but is more volatile. Instead of receiving a fixed payoff, you can win or lose a certain dollar amount depending on how far the spread was from the final score. This is also subject to state gaming laws.
  • Can I bet on esports at PointsBet? Yes. PointsBet gives esports betting oddson most major events and competitions.
Bet $2,000, Get $2,000 if You LoseBet $2,000, Get $2,000 in Betting Credit if You Lose At PointsBet!

Methodology

Bonuses & Promotions
10/10

PointsBet welcomes new players with a pair of free bets when you join PointsBet in several states. The promotion allows you to make a $1,500 risk-free PointsBetting wager, as well as a separate $500 risk-free fixed-odds wager.

Mobile App & Website
9/10

The highly-regarded PointsBet mobile app scored 4.7 out of 5 stars at the App Store. Both the desktop and mobile version of PointsBet present an aesthetically-pleasing, easy-to-use interface.

Registration & Cashier
8/10

Signing up for a PointsBet account takes just a few steps, and you can use the promo codes and links in this review to claim the sportsbook’s generous welcome bonuses. PointsBet isn’t as widely available in the US as some of its competitors, but the brand is steadily expanding into new states.

Betting Options
10/10

PointsBet presents the full slate of standard betting markets, including point spreads, totals, props, and many more. The platform stands apart with its “PointsBetting” markets, which allow you to win (or lose) more money based on margin of win/loss.

Comparison
9/10

PointsBet stands as a strong contender for one of the best overall U.S. online sports betting options. The selection of sports, ways to bet, deposit options, and unique markets makes PointsBet a top-tier platform.

Live betting
"PointsBetting" wagering
Top-rated app

PointsBet vs. FanDuel Sportsbook

 PointsBet ReviewFanDuel Sportsbook Review
Selection of Sports
Betting Markets
Bonuses
Availability

The Matchup

Comparing the list of available sports at PointsBet and FanDuel reveals a deep selection of US-based leagues, international sports, and niche games available for wagering on both platforms.

PointsBet gets the nod in terms of overall selection of betting markets. The “PointsBetting” feature opens a whole new world of wagering opportunities at PointsBet, adding hundreds of new ways to bet on a given game.

Both PointsBet and FanDuel present risk-free bets as welcome bonuses. PointsBet gives two risk-free bets as its new player promo, including a $1,500 risk-free PointsBetting wager and a $500 risk-free fixed odds bet.

FanDuel outduels the competing PointsBet in the “Availability” category, with PointsBet playing catch up in terms of available states.

PointsBet Review

Founded in Australia, PointsBet introduced its innovative bookmaking style in the U.S. in January 2019, launching in New Jersey. It boasts a fast and user-friendly app, offering a top-notch overall experience to sports bettors.

PointsBet Sportsbook offers traditional sports betting options and “PointsBetting,” a high-risk, high-reward wagering style. “PointsBetting” wagers allow bettors to win (or lose) more money based on the margin of victory. This innovative and unique way to bet has been well received.

The PointsBet betting site also offers a variety of bettor-first initiatives such as Good Karma Payouts, Early Payments, PointsBet Sports Highlghts, odds boosts, and a $10,000 gameday guarantee for all NBA playoff games. In addition, PointsBet Sportsbook presents one of the largest selections of markets for all four major U.S. sports (NFL, NBA, MLB, NHL). NBA games, for example, can produce more than 1,000 ways to bet on a single game.

Former NFL quarterback Drew Brees is a PointsBet spokesperson, helping the platform rise to prominence as a sports betting site after PointsBet New Jersey launched in January 2019. It has a presence now in eight U.S. states and continues to explore new markets. 

The company also has a crucial partnership with NBC Universal, an official gaming partner. PointsBet has emerged as a leading platform in the United States due to its partnerships and excellent user experience.

U.S. bettors can access PointsBet as a mobile app for Android and Apple iOS devices. You can also access the PointsBet site directly through a web browser, with no download required.

What Sets PointsBet Sportsbook Apart? 

PointsBet Sportsbook has introduced several unique sports markets to make it stand out from the other sportsbooks in the U.S. In addition, the options for fixed-odds betting and “PointsBetting” wagers at PointsBet Sportsbook exist.

PointsBetting Wagers

You can only find the “PointsBetting” wagering style at PointsBet. A PointsBetting (aka points betting) wager multiplies your winnings or losses on a bet based on the margin of victory.

For example, a recent NBA PointsBetting line saw the Philadelphia 76ers as a 10-point favorite against the Orlando Magic. So if you bet $10 on the 76ers and they win by exactly 10 points, you win $10.

However, you can bet up to a 50x multiplier, and if Philadelphia wins by more than 10 points, you win an additional $10 for each point over the 10-point spread. Conversely, you can lose up to your set multiplier if the 76ers fail to cover the (-10) spread, losing an additional $10 for each point under the (-10) spread.

Parlay Insurance

Parlay insurance is quite common, an option offered by many betting apps and online sportsbooks. PointsBet presents slightly better betting opportunities than any direct competitors. PointsBet can refund $25 if a parlay bet loses one leg (with at least four selections). 

No Juice NFL lines

PointsBet offered spreads on all NFL games with no juice in the 2019 NFL season. Juice refers to the fees a sportsbook charges to process your bet in the odds.

For lines usually offered at –110, the no juice NFL promo is available at +110. This promo applied to all games. The No Juice lines at PointsBet offer some of the most player-friendly wagers in the industry.

Boosted Odds

Bettors can use boost odds to place wagers on unique events to get artificially favorable betting lines. For example, oddsmakers might shift the odds from -115 to +105 on a boosted bet.

Live Streaming

PointsBet offers just about all major sports for wagering and a complete package of live streaming sports coverage. In addition, PointsBet Sportsbook presents its live streaming coverage in partnership with Genius Sports.

The combination of live streaming and innovative live betting makes PointsBet one of the most unique online sportsbooks in the U.S. PointsBet operates in some of the biggest U.S. sports betting markets, including New Jersey, New York, Pennsylvania, Illinois, Indiana, and several others.

Get $2,000 In Risk-Free Bets At PointsBet

You can sign up using the links in this PointsBet Sportsbook review and unlock two risk-free bets up to a combined $2,000. The two bets break down to a $500 risk-free bet on your first fixed-odds wager, and a $1,500 risk-free bet on your first “PointsBetting” wager.

For example, if you first PointsBetting wager loses, the book will refund you up to a max of $1,500.

How To Claim Your $2,000 In Risk-Free Bets At PointsBet

PointsBet offers an easy registration process. You can find the registration area in the upper-right corner of your desktop platform. After choosing the correct state, the user creates a password and enters standard details (name, email address, phone number, and physical address). You will also need the last four digits from your social security number.

  • Click on one of the “CLAIM OFFER” or “BET NOW” links located throughout this Props.com review page. That link will take you to the PointsBet website.
  • Select your state from the dropdown menu that appears at the top of the “CREATE ACCOUNT” page.
  • Enter your first and last name, and a valid email address. Once those details are entered, click the red “CONTINUE” tab at the bottom of the page.
  • On the next form that appears, enter your date of birth, last four digits of your SSN, your mobile phone number, and your address. Choose a password, and click the terms and agreements boxes at the bottom of the form.
  • Click “JOIN POINTSBET” at the bottom of the screen to create your account. You’ll be eligible for $2,000 in risk-free bets once you make your first deposit.

PointsBet verifies the location of the user’s I.P. address via geolocation software. Users not in an eligible state are not allowed to wager real money using PointsBet’s online gambling site. You don’t have to live in the state from which you want to wager, but you must be physically located in an eligible state when you make a bet.

The app will use electronic verification software to confirm that your information matches publicly available records. PointsBet does not require you to attach any supporting documentation for creating a new account.

Once the account is verified, you can make deposits. State policies determine which deposit options are available. 

You can generally deposit funds with Visa/MasterCard credit card, a PayPal account, or ACH/eCheck. You can also use PayNearMe in some states to make cash transactions at CVS, Family Dollar, and 7-Eleven. The PointsBet Play+ Card, a reloadable debit card that you can use to withdraw money from ATMs, is also an option.

PayPal and PayNearMe require a $5 minimum deposit. However, ACH (bank transfer) and debit/credit cards require a $10 minimum deposit. In addition, PayNearMe caps deposits at $500, while Play+ Card limits deposits to $5,000.

You can bet via the PointsBet mobile app or at the desktop site. Android users can download the PointsBet app at the Google Play Store, while Apple iOS users can find the PointsBet app at the App Store. Check out our Desktop vs. Mobile guide for more information.

Signing up for a PointsBet Sportsbook account with the links and promo code provided in this review unlocks two bet rebates up to $2,000. The free bet coverage from the PointsBet welcome bonus includes your first fixed odds bet up to $500 and your first “PointsBetting” wager up to $1,500. If either of your first bets of those types lose, PointsBet will issue a full refund, up to the $500 (fixed odds) and $1,500 (PointsBetting) caps.

PointsBet Vs. Other Sportsbooks

You can see how the bonuses at PointsBet Sportsbook stack up against other legal online sports betting sites with the guides below:

PointsBet Sports

Some of the featured betting markets available at PointsBet include:

Bet Types Offered at PointsBet Sportsbook

PointsBet offers a full range of betting markets throughout the regular season and playoffs of just about every sport. You’ll find the Super Bowl, World Series, NBA Finals, and many other league championships on the betting menu.

Horse racing wagering is available through PointsBet, but not on the sports betting app discussed in this review. In addition, the PointsBet horse racing app is only available in Australia, but the company has announced plans to introduce a U.S. horse racing app in the future.

PointsBet NJ and PointsBet Michigan also offer access to online casino games.

Is PointsBet Legit? 

PointsBet, while relatively new in the U.S. market, is a well-known brand in Australia. It has a long history of protecting its customers’ private information. The platform is also heavily-regulated and legal. As a result, you can trust it with your personal information, including social security numbers. Is PointsBet legit? You can rest assured that the answer is yes.

Who Regulates PointsBet?

As a long-standing industry member with a global presence, PointsBet operates with a solid reputation. However, it must still be licensed and regulated to offer its services. 

PointsBet operates in the following states:

Promos And Features

PointsBet is an excellent online sportsbook. It has a reputation for providing attractive bonuses, great desktop sites, excellent customer service, and fast payouts. After serving the Australian market for years, the brand knows how to win over a sports bettor. The sports betting desktop website and app operate in numerous states. 

The welcome bonus offers are generous and followed by ongoing promotions. In addition, the sportsbook presents easy navigation and markets for many sports. 

Betting format options include the most common bet types (money lines, fixed odds bets, and spread betting) and newer options, such as live betting. Compared to other online sportsbooks, sports fans will generally find competitive odds. However, the brand also offers its trademark betting, called “PointsBetting.” PointsBetting allows you to win (or lose) more money based on the final margin of the bet.

PointsBet also offers a loyalty program through two possible VIP clubs: the Platinum Clubs and Diamond Clubs. They are available only by invitation but provide a lot of perks.

Platinum Club: Bettors get additional risk-free wagers, a 5% deposit top-up, premium services, red carpet referrals, and personalized promos. This is the club that most bettors join and then progress to the Diamond Club.

Diamond Club: Bettors are eligible for all the perks of Platinum Club except that instead of a 5% deposit topping up, it is 10%. They get a 24/7 account manager and access to tickets, events, and expedited withdrawals up to $10,000 within 30 minutes of initiating a transaction.

How Do I Get Paid if I Win?

PointsBet has three primary withdrawal methods: ACH, PayPal, and Online Banking. PayPal withdrawals are for users who have previously used the service as a deposit option. Online Banking requires a direct log-in to your bank; ACH requires information from your driver’s license and routing numbers.

The PayPal option only appears if used to make a deposit. These withdrawals take 1-2 business days, and there are limits to how much you can withdraw at once.

Online banking works through over 2,000 banks, and transactions are processed within 1-2 business days. Moreover, there is no limit to how much can be withdrawn. 

ACH withdrawals will require additional information to be provided (driver’s license or other identification). They take 1-2 days to be processed and another 2-3 days for the funds to arrive. The book doesn’t limit the withdrawal amount; however, the processor might. 

Company Profile

PointsBet Holdings Limited out of Australia is behind the cloud-based betting platform. The company is involved in developing iGaming platforms and improving marketing technology capabilities. It provides websites and mobile sports betting apps in Australia and the U.S. 

The PointsBet website offers a variety of products and features, such as Same Game Multi in Australia and In-Play Parlays and Parlay Boosters in the U.S. It also provides a fully translated Spanish sportsbooks website in the U.S. Its subsidiaries are PointsBet Australia Pty Ltd. and P.B. Software Inc.

The company, which began trading on the Australian Stock Exchange in 2019, acquired Banach in a $43 million transaction in March 2021. Banach is a business-to-business software company that develops sports betting platforms and algorithms, including in-play wagers. The company completed the arrangement through 55% cash and the rest in company shares.

Sam Swanell is the CEO and Managing Director of the PointsBet Group and its co-founder. He has been with the company since July 2016 after a three-year stint as a wagering and gaming consultant for MyCo, a global online gaming company. 

Manjit Gombra Singh is the Executive Director. He was previously the chief technology officer for Aristocrat Leisure Ltd. and chief technology officer & Executive V.P. of Aristocrat Technologies, Inc. (a subsidiary of Aristocrat Leisure Ltd.).

Nicholas James Fahey is PointsBet Group’s chief commercial officer and the company’s co-founder. He previously served as a consultant for PriceWaterhouseCoopers and a finance analyst at the Sydney Opera House.

For the company’s U.S. operations, Johnny Aitken is the CEO. He has been with the company for over three years and was the trading and operations director for William Hill from June 2015-to 2018. 

Eric Foote is the chief commercial officer for PointsBet USA. He works out of the company’s headquarters in Denver, CO, and has been with them since January 2020. Before that, he was the V.P. of Business Development – Sports Betting at CBS Interactive. 

PointsBet: Did You Know?

PointsBet is diligently working to control more of the U.S. market. It has expanded quickly since entering 2019 and has already secured licenses in 10 states. With sports betting continuing to see rapid growth in the country, PointsBet can use its global reputation and experience to ramp up its operations while innovating to attract more users. 

Cash-Out Feature

PointsBet Sportsbook, like many other online betting sites, allows you to cash out wagers before the event ends. This will enable you to reduce losses and lock in a profit well before the event.

This will allow you to adjust your payout if you cash out early. This is an excellent way for you to hedge your bets. PointsBet lets you cash out earlier on significantly more bets than the rest of the market. 

All straight pre-game bets at fixed odds with early cash out are eligible. Visit the “Pending Bets” tab to take advantage of this offer.

Name Your Bet

If you think of a betting market or proposition that isn’t on the site, you may “Name Your Bet.” Then, tweet your idea @PointsBetUSA using the hashtag #nameabet, and they’ll price it.

Partnered with NBC

PointsBet and NBC Sports are partners in producing authentic and unique betting content.

Simms, who had a four-year playing career at the University of Texas and played eight NFL seasons, will create sports betting content about the NFL.

241 Articles

State-By-State Analysis

Losing Bet Rebate

$2,000

Bonus Code

PROPS

Available In

CO, IA, IL, IN, KS, LA, MD, MI, NJ, NY, OH, PA, VA

Colorado:PointsBet Colorado,launched in November 2020.
Illinois:PointsBet Illinois launched in September 2020.
Indiana:PointsBet Indiana debuted in March 2020.
Iowa:PointsBet Iowa went live in January 2021.
Kansas:PointsBet Kansas launched in September 2022.
Louisiana:PointsBet Louisiana debuted in August 2022.
Maryland:PointsBet Maryland went live in November 2022.
Michigan:PointsBet MI went live in January 2021.
New Jersey:PointsBet NJ launched in January 2019.
New York:PointsBet New York went live in January 2022.
Ohio:PointsBet Ohio will launch on Jan. 1, 2023.
Pennsylvania:PointsBet Sportsbook PA debuted in February 2022.
Virginia:PointsBet Virginia went live in December 2021.
Bet $2,000, Get $2,000 if You LoseBet $2,000, Get $2,000 in Betting Credit if You Lose At PointsBet!