PointsBet Sportsbook Overview
PointsBet Sportsbook offers you a fun twist on traditional sports betting, while also pushing the envelope on the types of bets offered. PointsBet promos are also some of the best in the industry.
Best promo offer:
Deposit $50, Bet with $150!
PointsBet Sportsbook: A New Twist on Sports Betting
Looking to learn more about PointsBet Sportsbook? Well, you have come to the right place.
PointsBet Sportsbook has come over to the US after starting in Australia in 2017.
Their main selling point is their unique “Pointsbetting” product, which essentially means your win or loss is magnified by the amount your bet wins or loses by.
PointsBet claims to offer more markets on NBA and NFL than any other sportsbook in the world and also tout that they accept bets from professional bettors as well (“sharps”).
As a newcomer to the US, they have been aggressive in their promos and lines which benefits all of us.
PointsBet Sportsbook is best for you if:
- You are placing large bets
- Like the thrill of their unique PointsBetting option
- Want a lot of different prop bet markets
PointsBet Sportsbook offers a refreshing take on sports betting while giving you a solid traditional sportsbook experience as well.
PointsBet Sportsbook is available on all devices: desktop and mobile web, iOS app and Android app. While this may seem standard, many online sportsbooks that are up and running now don’t have this basic functionality.
The PointsBet home screen opens with a few options. At the top, they list the sports leagues that are currently available for betting:
The main real estate of the screen is focused on their “featured” betting options along with the standard spread/total/moneyline bets. This box is typically filled with things that are in the news or games about to happen.
It is helpful that they put things like the time until the game starts as well as the number of other types of bets available for this game:
PointsBet also has a banner at the top advertising special promotions or other player benefits:
The right side of the screen (on desktop) or right tab on mobile web shows what is “up next”:
Once you click into a matchup, you are able to see the full slate of betting options available. The left tab shows the “traditional” fixed odds options.
These will typically be adjusted game lines, player and team props, and more. PointsBet offers an impressive amount of prop bets, so be sure to check out the full list for each game.
While the juice can be pretty high on some of these bets, it is understandable given the wide array of offerings.
Where PointsBet differentiates their product is by offering Pointsbetting, which is the tab on the right:
Please see the full PointsBetting explanation below for more detail on how to interpret the screenshot above.
Once you have selected a bet to place, it is added to your bet slip. Below I am wagering $10 on the Boston Red Sox to beat the Baltimore Orioles at -351.
The “estimated return” at the bottom shows how much you would get back if you won your bet. The $12.86 in the screenshot above means I would net +$2.86 if the Red Sox won ($12.86 – $10.00).
PointsBet Sportsbook App Review
The PointsBet app is one of the stronger apps available in the US market. They have a few big selling points:
- Massive number of prop bets available (typically 100+ per game)
- “Pick Your Own” bets for spread and totals
- “Name a Bet” option
The biggest cons come from customer frustration with using promos offered by PointsBet and sometimes customer support. Since PointsBet isn’t yet a household name, they are very aggressive in offering promos to keep you as a customer.
They pride themselves on catering to the “sharp” bettor, touting a $10k wager for gameday bets. While this is better than being limited like you may be with other sportsbooks, they are limiting their risk by requiring the bet to be the same day as the game.
The iOS app comes in with a solid rating of 4.3 while the Android app isn’t yet on the Google Play Store. This is common with sports betting apps as the Google Play Store has been slow to adapt to the evolving sports betting legislation.
Great promos, easy cashout, app navigation is on point. What more do we need?
5 star review from iOS user jo122728
One of the better sports apps available but still has room to improve, some bugs and glitches that recur
4 star review from iOS user Rccrums
PointsBet Sign Up Process
The sign up process for PointsBet is pretty straightforward and just a two step process. The first screen will ask for a promo code. Enter code SCOUT to receive $100 in free bets when you deposit $50. This is the best promo code PointsBet offers and is one of the best offers in the industry.
The second (and last) step of sign up will ask for more personal information, including the last 4 digits of your social security number. This is required by the State of New Jersey for tax purposes.
PointsBet Sportsbook Odds
Because PointsBet is trying to break into the US market, they are trying to make a splash with not only aggressive promos, but also competitive odds.
PointsBet is offering -105 odds for all NFL point spreads this year compared to the standard -110 odds elsewhere:
Generally speaking their normal odds on other mainstream markets are about average. Where they have a leg up on the competition is in the markets that only they offer.
PointsBet Betting Options
One of the biggest things that makes PointsBet different from other sportsbooks is the amount of markets they offer. In addition to the typical moneyline/point spread/total bets, they offer the most prop bets in the industry.
PointsBet Sportsbook Prop Bet Offerings
For example, this NFL game has over 200(!) different bets available:
Here are some of the 200+ bets you can make on a game like this:
While they do offer an incredible amount of prop bets, you need to look out for one sided markets. These generally put bettors at a significant disadvantage and I do not recommend ever betting these.
PointsBetting is their bet type that no other sportsbook offers. Old school bettors would call it “action points”. The idea is that when you place a point spread or total bet, your win or loss amount is determined by how much you beat or lose to the line. The bet amount is PER point above or below the line.
For example, imagine you bet $10 (per point) on the New York Giants at -7. If the Giants won the game by 10 points, you would win $30 (10 minus 7 = 3 points X $10 per point = $30).
If the Giants only won by 1 point, you would lose $60 (1 minus 7 = -6 points X $10 per point = -$60).
As you can see below, this type of bet is a high risk/high reward proposition. One bettor put $30K per point on the Ravens (-6) vs. the Dolphins. The Ravens ended up winning by 49 points, and the max win limit was hit at $600K:
PointsBet will also offer better odds on select bets for each game, called “Odds Boost”. These are typically for prop bets and can offer decent value depending on the bet and offer. For example, the bet below boosts the odds for the Patriots to win + Tom Brady passing for over 300 yards from +100 to +115:
PointsBet Sportsbook Promo Code
PointsBet is probably the most aggressive US sportsbook with promos. Use promo code SCOUT to get $100 in free bets when you deposit $50. This is the most aggressive promo currently on the market.
In addition, once you start betting, they will often give you promos for certain types of bets based on what you are betting.
PointsBet Deposit and Withdrawal
PointsBet’s deposit and withdrawal options are one of the few disadvantages they have against other sportsbooks. For deposits, the following methods are available:
- Online Banking
- PointsBet Mastercard
- Credit/Debit card
The most obvious omission is Paypal. All other methods seem to be standard across all US sportsbooks.
PointsBet withdrawal methods include:
- Online banking
- In person
- PointsBet Mastercard
The main negatives for PointsBet are really kind of nitpicks. On the whole, PointsBet is a great option for any sports bettor. In my eyes, here are the key negatives:
- No Paypal
- Odds on major markets are average
- Some customers reporting that their promo use is being limited
PointsBet Sportsbook Alternatives
PointsBet has a lot of things going for it. If one of the negative above is a deal breaker for you, try checking out the alternatives:
- Best odds: Caesars Sportsbook
- Best app: DraftKings Sportsbook
- Best physical locations: MGM Sportsbook
PointsBet Sportsbook FAQ
What is PointsBet?
PointsBet is a sportsbook that originated in Australia and now serves the US market. Their signature “PointsBetting” product allows you to bet on additional points against the spread. They have the most amount of prop bets available in the US market.
Can you cash out on PointsBet?
Yes – you can use one of the following methods to cash out on PointsBet: online banking, ACH, in person, PointsBet Mastercard.
In what states is PointsBet available?
PointsBet is currently available in New Jersey and Iowa. They will expand to more states as legislation evolves.
Do you have to be in New Jersey to use PointsBet?
You have to be in New Jersey to place a bet, however you don’t need to be in New Jersey if you want to do anything else on PointsBet (view odds, sign up for an account, fund account, etc.).
PointsBet Sportsbook Final Verdict
PointsBet Sportbook is a tremendous option for any bettor. With their aggressive promos, large number of offerings, and competitive odds, PointsBet is a welcome addition to the US market and is definitely worth your time.