PointsBet Sportsbook Review

Pros

• 100 percent independent.
• Odds generated internally.
• Enormous quantity of unique bets. There are almost 250 distinct sorts of wagers that can be placed on a single game.

Cons

• If you use the app frequently, after a while you will no longer be eligible for the bonuses and rewards that are reserved for “recreational” gamers.
• Restricts the number of users using a heater.
• Options for deposits and withdrawals that are below average.

Bonuses

Betting Place a maximum wager of $1,500.

If your first bet with PointsBetting is unsuccessful, you will receive Free Bet Credits worth up to $1,500. Free bet credits must be used within seven days or they will be forfeited. Free bet credits can be divided up to four times into equal portions. For instance, the maximum free bet credit of $1,500 can be used as four separate bets of $375 each rather than a single bet of $1,500.

Risk-free Bet up to $500

You will be eligible to obtain free bet credits equal to the amount of the losing wager in the event that your first settled fixed-odds wager is unsuccessful. Free bet credits will become invalid seven days after they have been granted. Free bet credits can also be split up to four times, with each division being exactly the same. For instance, the maximum bonus value of $500 can be divided into four separate bets of $250 each rather than a single bet of $500.

What exactly is a PointsBet?

To put it another way, points betting raises both your risk and your potential profit. The bet this works is that if your bet wins by one point (or unit), you will win an amount equal to one hundred times the amount that you wagered (stake). If your bet wins by two units, you will receive two times the amount of your wager. If your bet wins by 10 units, you will receive 10 times the amount of your original wager, and so on. This works in an increased risk for you because the maximum amount of money you stand to lose stays the same, despite the fact that it offers a more exciting betting experience that has the potential to yield significant gains.

Deals Awarded to New Users

PointsBet is consistently regarded as one of the sportsbooks that offers the best bonuses and promotions in the United States. They demonstrate this by providing not one but two bonuses for new users to make use of, with a combined value of $2,000, which places them in the lead in the market.

The greater $1,500 risk-free bet PointsBet promotions are exclusively applicable to its namesake PointsBetting betting system. This gives you some insurance on your first wager utilizing their technique, allowing you to acquire a sense for the risk/reward associated in that, and giving you some peace of mind in the process. To receive the maximum benefit from this bonus, you will need to place an initial wager of $1,500. The bonus is not related to the amount of money you deposit; rather, it is tied to the amount of money you wager for the first time.

The second bonus that is available to you is a risk-free bet of $500 that they provide. This is pretty standard practice in the industry and will provide you with insurance on your very first wager with fixed odds.

When using your free bet credits to wager, any boosts, same-game parlays, or standard parlays will not count toward your total. This is important information to keep in mind.

Promotions and Competitions That Never Stop

PointsBet has more of an emphasis on the one-of-a-kind bet options it provides as opposed to the continuing promotions and competitions it hosts, but the site does provide a few different things. For instance, if you place 10 bets on MLB, you will receive a bonus bet of $25 absolutely free. In addition to this, there will be a large number of local team bonuses and special offers dependent on where you are located. There is a one-time rollover requirement for any bonus funds.

The following are some further examples of continuing promotions:

• Crowd Boosters: A spread will shift one point for every 100–200 bets that are taken by the book.
• Name a Bet: If you wish to place a wager on a market that does not yet exist, you may send them a message and they will work with you to develop a betting option for the market. They’ll give you a price when you tweet your idea to them at @PointsBetUSA with the hashtag #nameabet.
• On Sunday Night 7, the NBC Sports Predictor app, which is powered by PointsBet, will include a free-to-play NFL game. The app gives spectators the opportunity to take part in a contest centered on the forthcoming game and consisting of seven questions with a jackpot of one hundred thousand dollars.

VIP Program for Diamond Club Members

In addition, PointsBet has a Diamond Club VIP Program that features its members with a personal account manager as well as free bets that are equal to 5 percent of their weekly handle. This is a more tempting loyalty program than others that you will find in the market from competitors like Caesars and Barstool Sportsbook, whose programs contain tiers that are practically impossible to achieve.

Summary

Which states currently provide PointsBet services?

PointsBet is an Australian firm, however it can be accessed in the United States in the states of New Jersey, Iowa, West Virginia, Indiana, Colorado, Michigan, and Illinois. The company is situated in Australia. They were one of nine sportsbooks who were given the go-ahead to apply for a Platform Provider license, meaning they will soon be able to provide mobile sports betting in New York. In addition, PointsBet was successful in negotiating a market access agreement in the state of Texas with Austin FC of Major League Soccer. They anticipate receiving their licenses in ten additional states by the time 2022 comes to a close.

PointsBet Offers Wagers on the Following Sports:

Because PointsBet is a global brand and because it controls its technology from beginning to end, it provides one of the broadest selections of sports betting options of any company in the business. There is Aussie Rules, Basketball (NBA, NCAAB, WNBA, sports), Boxing, Cricket, Curling, Cycling, Darts, eSports, Football (NFL, NCAAF, CFL, XFL), Gaelic Football, Golf, Greyhounds, Handball, Hockey (NHL, Int’l), Hurling, Mixed Martial Arts (UFC), Motor Sports (NASCAR, F1), Netball, Rugby League, Rugby Union, Soccer (Multiple International

In addition, the climate. You can bet a literal wager on the upcoming weather.

PointsBet’s Quality Assurance for Their Odds

At PointsBet, you’ll get odds that are consistent with the industry. They do not open the market in the traditional sense but will frequently give increased odds for local teams. In addition, they offer some promotions, such as the “Crowd Booster” that was described earlier, in which the queue is moved in response to the amount of activity that it is receiving from the general public.

Experience Betting Online and on Mobile Devices

It appears that the design of PointsBet was conceived with a mobile platform in mind first and foremost. The layout of the mobile app is considerably more streamlined than that of the desktop version. Nevertheless, it does not save login information, provide Face ID, or have a PIN number option. The need that users physically check in after 10 minutes of inactivity is an inconvenience for people who bet in-game and wish to place a bet quickly while watching a game. On the Apple App Store, PointsBet has received a rating of 4.6 stars out of 5.

At PointsBet, They offer live betting.

Live betting and streaming are both available for several of PointsBet’s supported sports. This is an area in which PointsBet shines because they have one of the industry’s most comprehensive collections of in-game bets and props to choose from. You are able to bet bets on extremely specific outcomes, such as the percentage of passes completed by the quarterback or the exact moment at which the game’s first touchdown would be scored. According to a quarterly earnings report for 2021, PointsBet is anticipating that the success of their in-play betting product will allow them to acquire a market share of 10 percent in each state in which they operate.

PointsBet also offers a variety of other gaming options.

In 2021, PointsBet introduced its first set of iGaming products to customers in the states of Michigan and New Jersey. Because there is already a great deal of competition in these marketplaces, users have not provided it with a great deal of negative feedback just yet.

A Retrospective on PointsBet

PointsBet is a multinational corporate bookmaker having operations in Australia, the United States of America, Canada, and Ireland. The company is listed on the Australian Stock Exchange. They entered the United States sports betting industry not long after PASPA was struck down, becoming the ninth sportsbook to start doing business in the state of New Jersey in January of 2019.

Because they own and manage the entirety of their technology, they are able to provide one of the most comprehensive ranges of pre-game and in-play betting options available anywhere in the globe. Because of their inventive nature, it is clear that they do not wish to merely be another book where customers place standard bets. Regrettably, they are quick to limit bettors who are on a hot run and limit the amount of promotions you are able to take advantage of, which means that you will need to shop at other shops on a frequent basis in order to meet your betting needs.

PointsBet is one of the best books on the market thanks to their extensive offering of unusual bet types. If you are interested in browsing new sports markets to bet on or if you want to have some skin in a game that you know little about to make it more interesting, PointsBet is one of the best books you can choose from. You can view more than 250 different betting opportunities for a single game. You can even bet with them on the weather, or name your own bet, by contacting them with a proposition on one of the social media platforms.

Because of the high number of people who used their points betting feature, PointsBet reported that it had a net loss on spread bets of “upward of $1 million” on the first NFL Sunday that the sportsbook was open for business in the United States.

PointsBet made the announcement of their collaboration with NBCUniversal, which will last for five years, in August of 2020. This arrangement will make PointsBet the exclusive sports betting partner of NBC Sports. During the entirety of the collaboration, PointsBet intends to invest a total of $393 million in marketing expenditures. NBC will also earn a fee in exchange for client recommendations and a 4.9 percent investment in the betting company. They will also have the option to grow their ownership stake by up to 25 percent if they refer enough customers.

It was revealed in February 2021 that the National Hockey League would acquire shares in PointsBet as part of a larger transaction that would make the company an official betting partner of the league.

A sports betting relationship between PointsBet and the WNBA was announced in May of 2021. This partnership will result in an expansion of the platform’s capabilities related to women’s basketball.

The company made the announcement in September 2021 that it would debut integrations on the studio show for Football Night in America and the new Peacock Sunday Night Football Final postgame show. In the announcement, the company stated, “Our NBC Sports NFL broadcast odds integrations represent a historic and groundbreaking moment for sports betting and PointsBet.”

A brand new weekly odds segment, which will feature professional analysis from PointsBet Global Ambassador Drew Brees, will be available for viewers to watch going forward. This segment will be the first of its type on the most-watched studio show in all of sports, and it will focus on the NFL betting markets of the day as well as what to look out for during Sunday Night Football. The Sunday Night 7 free-to-play NFL game will also make its return on the NBC Sports Predictor app powered by PointsBet, which will be available to viewers once again.

PointsBet made the announcement in September 2021 that it has signed into an exclusive arrangement with Austin FC (AFC), a team competing in Major League Soccer (MLS), and that the agreement designated PointsBet as AFC’s Exclusive Sportsbook Partner. In addition to this, PointsBet has finalized a market access arrangement with the AFC’s home stadium. PointsBet has been chosen as the venue’s sole partner for sports betting activities in the state of Texas in accordance with the market access agreement, which is contingent on enabling legislation.

PointsBet said in its quarterly earnings report for the period ending October 2021 that the number of active players in its United States operation had climbed to 185,880, representing a year-over-year gain of 367 percent. Their Australian platform is home to 222,662 players, which contributes to their overall user base of more than 408,000 individuals. That is on par with what competitors like Barstool Sportsbook have reported for 2021, but it is a very long way behind market heavyweights like FanDuel (which has more over 12 million users) and DraftKings (more than 8 million). Daily fantasy players have provided both DraftKings and FanDuel with a steady customer base, which obviously benefits both companies.

PointsBet revealed in the same earnings report that it had lost market share in each of the states in the United States in which it has operations. It suffered a significant loss in New Jersey, which had been their greatest state in the past; as a result, their market share in that state dropped from 7.8 percent in June 2021 to 3.9 percent in September 2021.

On November 8, 2021, the New York State Gaming Commission proposed PointsBet as one of the nine firms to be issued a Platform Provider license to handle mobile sports wagering in the state. The other eight companies were FanDuel, BallyBet, BetMGM, DraftKings, Rush Street Interactive, Caesars, WynnBet, and Resorts World. However, despite the fact that New York is widely regarded as having the potential to become one of the country’s most lucrative markets for sportsbooks to enter, the state also has the highest tax rate on sportsbooks in the country, at 51%. Therefore, although the increased visibility would be beneficial, most sportsbooks do not anticipate making a profit in the state of New York.

PointsBet’s Variety of Banking Options

Currency that is Accepted

• USD

Deposit

• Visa
• MasterCard
• PayPal
• ATM
• eCheck

Withdrawal

• ATM
• Bank Transfer
• PayPal
• eCheck

When compared to some of its competitors, PointsBet’s withdrawal choices are more limited; nonetheless, all of the available methods can be readily linked to your bank account or an electronic wallet such as PayPal. It is important to be aware that the use of credit cards as a method of making deposits or withdrawals is prohibited in several states. It is not the fault of the sportsbook that this occurred. At retail PointsBet Sportsbook venues, such as Bally’s Atlantic City Hotel & Casino and Meadowlands Racetrack in the state of New Jersey, Catfish Bend Casino in the state of Iowa, and select locations in the state of Illinois, cash at the cage is an additional payment method.