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REVIEW: PointsBet Sportsbook

Jimmy Zalcman
PointsBet Review

Ed. Note: PointsBet is offering special sign-up bonuses exclusively to readers of the Odds Factory. CLICK HERE to claim.

Overview

PointsBet, which originally launched in Australia in 2017, has landed in New Jersey. The tri-state area’s newest operator offers all your traditional fixed odds markets (aka “sports”) as well as a new and  exciting way to gamble on sports called PointsBetting, in which a player’s winnings or losses aren’t fixed, but depend on how correct your bet is.

PointsBet is aggressively trying to break into the US market by adding fantastic pricing for customers to their innovative twists on traditional sports betting games. They clearly have big goals, as evidenced by huge name brand partners like Darrelle Revis and Allen Iverson. But for the moment, PointsBet is only available to mobile players in New Jersey and in-person bettors in Iowa with plans to expand to New York, Illinois, and Colorado in the near future.

PROSCONS
✅ Unique PointsBetting Games⛔️ PointsBetting can result in large losses
✅ $1,000 in Free Bets⛔️ Only available in New Jersey and Iowa
✅ Rewards Program

Unique Offerings

PointsBetting

As well as having a wide range of normal betting options, PointsBet offers PointsBetting in which winnings and losses are tied to the ultimate margin of victory.

If you’re not familiar with PointsBetting, here’s a crash course: Let’s say you bet the Patriots-Ravens game. The Patriots are favored by 6, but the Ravens spring an upset and win by 10. That would mean the Ravens covered the spread by 16 points. With PointsBetting, every dollar that you bet it’s multiplied by how right or wrong you were compared to the spread. So if you bet $1 dollar on the Ravens, you would win 16 dollars (one for every point by which the Ravens beat the spread). And if you bet $10 dollars on the Ravens, you would have win $160 dollars. However, the opposite is true if you bet on the Patriots: $1 dollar on Tom Brady & Co. means you lose $16 dollars; a $10 dollar bet on the Pats loses you $160.

The upsides and downsides are pretty clear here: you can make big money on a team that crushes the spread, or lose more than you bet on a team that really stinks up the joint. But it’s not just points spreads — you can make PointsBets on things like “How many yards is Carson Wentz is going to throw for?” and “How many points is James Harden going to score?” It can also make a boring game way more interesting; why would you stop watching a blowout when every score could mean bigger winnings?

It’s worth noting that you can set a cap on losses for PointsBet wagers to ensure things don’t get out of hand; however, that will also trigger a corresponding cap on winnings.

PointsBetting is one of the most fun new innovations in the world of sports gambling, and PointsBet is the only place to do it.

Nickel Lines

Unlike most other operators, PointsBet offers “nickel lines,” which means you only pay them a 5% commission as opposed to the normal 10%. For example, historically if you bet 100 dollars and win, you win $100 dollars — but if you lose, you lose $110 dollars. That extra $10 dollars is called the vig (or the juice or commission). But with PointsBet, if you bet and lose you only lose $105 because of their lower 5% vig. Over time that reduced commission rate can really add up.

Rewards Program

PointsBet offers a player-friendly rewards program in which players earn points for each bet that then be redeemed for bonus bets. Points are earned as follows:

  • FIXED ODDS: Earn 1 Reward Point for every $5 wagered
  • PARLAYS: Earn 1 Reward Point for every $1 wagered
  • POINTSBETTING: Earn 1 Reward Point for every $1 won or lost

Points can then be redeemed for free bets at a rate of of $1.00 per 100 Reward Points by visiting a rewards tab online or via the mobile app.

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎⭐︎

Promotions

PointsBet has a great sign-up offer for new users: four risk free bets up to $1,000 dollars.

The bets are broken up into two categories: two free straight bets and two free PointsBets, each of which the sportsbook will cover for up to $250 in bonus bets for losses. That means you can try out the PointsBetting system twice, as well as place two traditional wagers, to get a feel for whether you like their offerings, completely worry-free.

PointsBet runs additional promotions semi-regularly. Visit the PointsBet website to see the latest offerings. In the past, promotions have included:

  • Early Payouts: PointsBet will occasionally offer early payout offers on pre-game wagers instantly if your side gets ahead by a certain number of points/goals.
  • No Juice NFL Lines: Betting on the NFL without giving a cut to the sportsbook? Sign me up! This means that rather than betting on, say, the 49ers at +3 -110, you could get them at +3 +100. So during this promotion, winning players can make more money with PointsBet than any other site. Not bad.
  • Name Your Bet: This is fun for the props bet enthusiasts among us. If you tweet a wager idea at @PointsBetUSA, they will sometimes give your idea odds and take wagers on it. Be the bookie you want to see in the world.

The only problem with any of these is that you have to keep a keen eye peeled for the latest and greatest offerings, as they do cycle in-and-out with some frequency.

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎⭐︎

User Experience

The PointsBet app and mobile site aren’t quite as clean as competitors like DraftKings, but it’s clear that the company used their soft-launch in Austrailia to work out most of the bugs.

Because of the wide variety of sports and wagers they offer, the PointsBet website may be hard to navigate for new players. The design just isn’t quite as intuitive or visually appealing as nitpickers might want, though we haven’t actually run into any functional issues.

If you want to try out their interface without laying money down, they offer a free Pick6 challenge in which players can win up to $25,000.

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎

Payment Methods

One small downside to using PointsBet is the limited deposit options. The company says they’re working on adding different payment methods, but for now they only accept:

  • Visa/Mastercard (both credit and debit): $5 minimum, $50,000 maximum deposit
  • ACH/eCheck: Deposit up to $50,000 straight from your bank account.
  • PointsBet Card: This works just like a pre-loaded debit card that can be funded through PointsBet, then paid out via ATM’s or anywhere that takes MasterCard.

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎

Sports

PointsBet offers a fairly traditional array of events to bet on:

  • Baseball
  • Basketball
  • Football
  • Golf
  • Hockey
  • MMA
  • Motor Sports
  • Soccer
  • Tennis
  • Rugby
  • Australian Rules Football

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎⭐︎

Wagers

We’ve already covered PointsBet’s unique offerings, so here’s rundown of their standard games for the traditionalists among us:

  • Spreads
  • Money Lines
  • Totals
  • Parlays
  • Teasers
  • Round Robins
  • Features
  • Props
  • Live Betting

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎⭐︎

Customer Service

PointsBet offers customer assistance via e-mail and a “live chat” on their website, with stated availability between 6 AM and midnight EST.

ODDS FACTORY RATING: ⭐︎⭐︎⭐︎⭐︎⭐︎