Pointsbet Sportsbook Overview
Pointsbet sportsbook began in Australia in 2015, bringing their innovative points betting offering to one of the largest sports betting markets. Pointsbet quickly became one of the largest bookmakers in Australia and in January of 2019 they launched in New Jersey. Pointsbet has been expanding as quickly as the other big US operators, having launched in Indiana and Iowa with a number of other states to follow in the coming months.
Pointsbetting explained
Pointsbet Sportsbook’s signature offering and name sake is a bet market they invented called the “points bet”. Points bets are a unique type of bet offered on spreads, over/unders and props. The principle is simple, the more your bet wins by the more you win, and conversely the more the bet loses by the more you lose. Your initial stake on a points bet market is multiplied by the difference between the final spread/total/prop and the initial line. For example if you bet $10 on the Knicks -5 and they win by 7 the bet would win $20 because they beat the line by 2 points x your $10 wager. Conversely if the Knicks only win by 3 the bet would lose $20.
Each market has a predefined “multiplier cap” which caps the amount that can be won or lost on a specific market. This varies from market to market and can be found in the “info” section of each market. You can also set your own custom market multiplier cap or “stop loss” when placing your bet.
Pointsbet witholds part of your balance upon placing the bet in order to cover any potential losses. The market multiplier, whether standard or custom, determines the amount withheld. You are always shown your max win, max loss and amount withheld before placing a points bet.
Pointsbet Sportsbook Sign up bonus
$200 in free bets
Pointsbet is offering new players in New Jersey and Indiana up to $200 in risk free bets. This bonus is broken down into two risk free bets, both a risk free bet on your first fixed odds bet and a risk free bet on your first points bet. You are paid as normal if your first fixed odds bet wins. If your first fixed odds bet loses, you will receive a bonus bet equal to the amount of your losing wager, up to $100. Similarly, you are paid as normal if your first pointsbet wins. If your first pointsbet loses, you will receive a bonus bet equal to your loses, up to $100. Players new to pointsbetting may want to consider using the stop loss function on this bet to limit their exposure while they become comfortable with this unique style of betting.
The bonus bet’s from either promotion must be used within 7 days from the time it is credited to your account. If your bonus bet is used on a winning bet only the winnings will be paid out, the initial stake will not be included in your winnings.
New players in Iowa will still receive 1 risk free fixed odds bet up to $100, but at this time Pointsbet are not offering an additional $100 risk free points bet.
Pointsbet Sportsbook Banking
Deposit options
Visa
Mastercard
Pointsbet EML card
ACH/e-Check
Online Banking
Withdrawal options
ACH/ e-Check
Online Banking
Pointsbet EML card
Pointsbet Sportsbook Features
Early cash out
Pointsbet allows players the option to cash out their bet before the event is finished. This allows players to lock in profits or minimize losses. What is unique about Pointsbet is that they indicate
Live Streaming
Pointsbet does not offer live streaming at this time
Virtual Sports
Pointsbet does not offer virtual sports at this time
Loyalty programs
Pointsbet offers players a straightforward loyalty program where you earn points based off how much you bet. These points can then be redeemed for free bets. Loyalty points are accumulated based on the type of bet as follows
1 point for every $5 in fixed odds bets
1 point for every $1 in parlay bets
1 point for every $1 won or lost on points bets
Points can be redeemed at a rate of $1 in free bets per 100 points