PointsBet Sportsbook Promo Code & Review (May 2024)

PointsBet is an Australian betting brand that has now launched for US bettors. It offers loads of great odds on the latest sports, including some unique betting markets. There are also some excellent bonus offers available, including a welcome offer worth up to $500!

You can sign up and start betting at this top-rated sportsbook today if you’re in one of the states where it’s legal. Claim the sign up bonus offer below and create your PointsBet account or read on for our full sportsbook review.

PointsBet Bonuses and Promotions

PointsBet Sportsbook

All users can make the most of the promotions on offer at PointsBet. The sportsbook provides a welcome offer for those that just signed up, and there are plenty of regular bonuses available too. The terms and conditions of these offers are fair to use, but you should always read through them carefully before you claim.


BonusDescription
$500 welcome bonusSign up and place a bet a day for five days. Your stake will be refunded in bet credits worth up to 5x $100 if your bet loses.
Loyalty rewardsEarn points by betting real money and exchange these points for free bet credits.
Diamond clubInvitation only VIP club. Earn exclusive rewards, improved customer service, and more.

PointsBet Sign-Up Offer

As a new user, you can claim up to $500 in risk-free bets when you first sign up. PointsBet will refund losing bets with five $100 bet credits over five days, starting with the day you place your first bet. To unlock this offer, you simply need to join and place a real money bet every day for five days. There's no need to enter a bonus code, and it's incredibly easy to claim.

If your bet loses, your stake will be refunded up to $100 each time, giving you bet credits to use on your next bet. The minimum bet to qualify is $0.50, and there are no wagering requirements.

Here’s a step-by-step guide to claiming your PointsBet sign up bonus:

  1. Sign up using our link
  2. Make your first deposit
  3. Place a bet of $0.50 or more on a fixed odds market
  4. If your bet loses your stake is refunded up to $100
  5. You can repeat this process over the next four days to claim up to $500 in free bets
  6. Each free bet token will expire seven days after receiving

PointsBet Rewards

The PointsBet rewards program lets you earn points for every real money wager you place. To qualify for this offer, you simply need to have a verified account. You’ll automatically earn points, and these can later be exchanged for free bet credits. You’ll earn one reward point for the following:

  • $5 bet on fixed odds
  • $1 parlay bet
  • $1 live bet

100 reward points can be exchanged for $1 in free bets, and you’ll need at least 250 points to exchange them.

PointsBet Diamond Club

The Diamond Club offers exclusive rewards to high rollers. If you spend enough on the site, you’ll be invited to join this exclusive club. Once in, you can benefit from improved promotions, exclusive offers, and invitations, as well as improved customer service.


Safety and Security

Before joining an online sportsbook, it’s always important to make sure it’s safe and licensed. PointsBet is licensed in a growing number of legal states across the country and has a great reputation for safety and fairness. The site uses 128-bit SSL encryption to keep your data secure, ensuring you can bet without having to worry.

PointsBet License

You can sign up and start betting at PointsBet if you’re currently in any of the following states:

  • New Jersey
  • Indiana
  • Michigan
  • Colorado
  • Illinois
  • Iowa
  • West Virginia
  • Virginia
  • New York
  • Pennsylvania
  • Kansas
  • Louisiana
  • Maryland
  • Ohio

Responsible Gambling

PointsBet prioritizes the safety of its bettors, ensuring that you can have fun while betting on your favorite sports. It also takes responsible gambling seriously, providing resources and tools to help you stay in control when gambling online. If you need support, you can support resources on the sportsbook’s help center page. There’s also a way to view all of your account history and responsible gambling tools such as:

  • Deposit limits
  • Spend limits
  • Wager limits
  • Self-exclusion

Payments at PointsBet

When you bet online, being able to make fast and convenient payments is important. While there aren’t many payment options to choose from, it’s still relatively easy to make deposits and withdrawals, and you won’t have to wait long before the funds reach your account.

Deposits

Payment MethodDeposit TimeFeesMinimum Deposit
Visa/MastercardInstantFree$5
PayPalInstantFree$5
ACH/eCheckInstantFree$5
Paynearme20 minutesFree$10

Withdrawals

Payment MethodWithdrawal Processing TimeWithdrawal TimeFeesMinimum Withdrawal
Online banking1-2 business days1-3 business daysFree$5
ACH/eCheck1-2 business days1-3 business daysFree$5
PayPal1-2 business days30 minutesFree$5
Cash24 hoursInstantFree$50

You should note that PayPal withdrawals are only available if you use this payment method to make a deposit. Whichever method you use, PointsBet will need to process your request, and then the time it takes for your funds to reach your account will depend on the method you use.  


PointsBet Betting Features

When you use PointsBet, you’ll gain access to loads of excellent features that make betting easier and more enjoyable. Expect all of the standard sportsbook features as well as the unique betting market known as PointsBetting. Here are some of the things you can look forward to when you sign up:

PointsBet Odds

PointsBet offers excellent odds on all major sports. When we reviewed the sportsbook, we compared odds on big games to other sportsbooks. We found that PointsBet odds were usually equal, with some variance offering slightly better or slightly worse odds in some cases.

Sports you can bet on include the NBA, NFL, NHL, MLB, and more. There are college sports too, although there may be restrictions depending on which state you’re in. As you’d expect from a major sportsbook, PointsBet offers odds on all the latest sports from around the world, like soccer, tennis, MMA, Motorsports, and even darts. For the most part, you can expect to find some of the best odds here, no matter what you’re betting on.

Here’s the full list of sports available to bet on:

  • Aussie Rules
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Football
  • Golf
  • Hockey
  • MMA
  • Motorsports
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Table Tennis
  • Tennis

Betting Markets

Having a wide range of sports to bet on is one thing, but the best sportsbooks also offer loads of different markets. At PointsBet, you can choose from a large selection of markets, with bigger games having far more markets to choose from. The markets available will also depend on the sport you’re betting on. Some of the most popular markets include:

  • Moneyline
  • Point Spread
  • Point Totals
  • Half/Quarter Betting
  • Player Props
  • Game Props
  • Parlays
  • Same-Game Parlays

For the major US sports leagues, you can find up to 300 different betting options for each game. PointsBet promised to deliver more betting markets than any other sportsbook, and so far, it’s more than lived up to that promise. Still, smaller events have far fewer options, with generally between 30-50 markets per game.

Live Betting

Live betting is now an expected feature of online sportsbooks, letting you place bets on games that are in progress. You can still bet pre-match, but PointsBet also takes bets on a wide range of live games. You can find the live games easily from the main page, going to the live section before selecting the sport to see all available live games.

Once you select a live event, there’s a helpful in-lay window showing the live stats from the game. In addition, you have all of the main live betting markets available to choose from at a glance. Bigger events will have more live markets available, but most will have at least 20 different betting options.

Live stats available include:

  • Latest actions on the field
  • All statistics from the game
  • Head-to-head record
  • Probabilities of game outcomes
  • Current tournament/league standings
  • Timeline of events
  • Current lineups

Live Streaming

While the live stats can reveal a lot about the game, you can get a much clearer picture by watching a live stream. PointsBet offers live streaming on lots of events, although these tend to be smaller games from leagues outside the US. Still, it’s a great way to make more informed bets, and all you need to do to watch is have a funded betting account.

Cash Out

Aside from betting on games that are in progress, PointsBet also lets you cash out your bets early. If the team you bet on is ahead, but you’re unsure whether they can hold their lead, you can choose the cash out feature in your betslip to take your winnings early. Any winnings are calculated at the current odds, so you won’t win as much as you could if you waited. However, it helps to reduce risk.

PointsBet offers partial cash out too, which gives you more flexibility over how you take your winnings. When cashing out, there’s a slider you can use to adjust how much you want to take. Leave some of your stake in, or take it all. It’s completely up to you.  

PointsBetting

PointsBetting is a unique type of betting that you’ll only find at PointsBet. It increases the risks associated with betting while also increasing the potential rewards. You can win more or lose more depending on the outcome of your bet.

  • For example, if you bet on the total points scored and chose over 110, you’d win more if 150 points are scored compared to 130 points.

If you want to find these markets, you can change to PointsBetting after selecting an event. It’s only available on some markets, and it’s important to note that you can lose more than you would with a regular bet. You’ll need to have enough funds in your account to cover any potential losses when you place your bet.

Lightning Bets

Lightning bets are available on some live games, letting you bet on the next minute, play or drive. In sports, things can happen quickly, and lighting bets are a special offering from PointsBet that lets you take advantage of that. Currently, it’s only available on NFL and NBA games, but it could be coming to more in the future if it’s successful.

Lightning markets available on the NFL include:

  • Next scoring play
  • Result of current drive
  • Result of next play

For the NBA, you can bet on markets like:

  • Next four minutes result
  • Next four minutes total points
  • Next minute both teams to score
  • Next field goal type
  • Team to score next point

PointsBet Usability

PointsBet is a really easy sportsbook to use. Signing up only takes a few minutes, allowing you to start betting without waiting around. After you enter your information and verify your ID, the deposit process is also quick to complete.

Finding what you want to bet on at PointsBet is simple too. The main page has everything you need, and you can easily open up the menu to find the sport or event you’re looking for. The most popular options are featured on the menu and are easy to find, but there’s a search bar if you want to immediately look up a specific game.


Mobile Betting with PointsBet

You can take PointsBet anywhere, so long as you have a stable internet connection and are within the borders of a state where the sportsbook is licensed. The site is fully compatible with mobile devices, including smartphones and tablets. To bet on your mobile, you simply need to visit PointsBet from your mobile browser. You can log into your account, make deposits and withdrawals, plus access all the same betting markets as on the desktop site.

Aside from using the mobile site, you can also download the PointsBet app, which is available on the App Store and the Google Play Store. The app makes betting on your mobile even easier, allowing you to quickly access live betting markets while you’re out watching the game. When using the app, you can enjoy all the site’s main features, which include:

  • Pre-game betting markets
  • Live betting
  • PointsBetting
  • Bonuses and promotions
  • Lightning bets
  • Live streaming

Despite the huge number of betting markets to choose from, it’s incredibly easy to find what you’re looking for in the app. In addition, you can set up alerts on your mobile so you can receive the latest updates from the game and your bets.

Customer Service

PointsBet has a great reputation, and part of that comes from how they treat bettors. If you ever have an issue or question while using the site, it’s easy to get it resolves quickly. PointsBet provides a help center with an FAQ page to answer lots of common questions. There’s also a 24/7 live chat which is available at the bottom of every page by clicking on the chat bubble icon.

Live chat is the easiest way to contact the support team, and you’ll be able to get a response normally within a few minutes. Alternatively, you can also send an email or use your Twitter account to get in touch. There’s no phone support, but the live chat is simple enough to use and provides fast responses.

Support OptionDetailsResponse Time
Help centerFAQ pageInstant
Live chat24/7 availabilityWithin a few minutes
Email support[email protected]24 hours or less
Social mediaTwitter: @PointsBetHelp24 hours or less
Phone supportNot availableN/A

Final Thoughts

PointsBet is one of the best options for betting on sports, and if it’s licensed in your state, you’ll definitely want to sign up and claim the excellent welcome offer. The sportsbook is easy to use and has great odds on all major sports. While it may not be as beginner-friendly as some sites, it’s excellent for those that want to try something a little different thanks to its unique betting markets.

Quick Facts

Promo codeNot needed – Claim Now
Welcome bonus5x $100 risk-free bets
Bonus termsFree bets can’t be withdrawn
Best featurePointsBetting market
Minimum deposit$5
Payout time1-2 days
Mobile appiOS and Android
Legal in statesCO, IA, IL, IN, KS, MD, MI, NJ, OH, PA, VA, WV
Live bettingYes
Early cash outYes
Same-game parlaysYes
Live streamingYes

Pros

  • Excellent odds
  • Loads of markets on major sports
  • Great promos for new and current bettors
  • Great mobile app

Cons

  • Live streaming options are limited
  • Withdrawals can take time to process

PointsBet FAQ

Is PointsBet safe to use?

Yes, PointsBet is a licensed and trusted sportsbook with a great reputation. The brand may be new in the US, but it’s been a major sports betting platform in Australia for many years. You can legally sign up and start betting, provided you live in a state where the site is licensed.

Does PointsBet offer a welcome bonus for new users?

All new users to PointsBet can claim a welcome bonus offering up to $500 in free bets. When you first join and place a bet, your stake will be refunded up to $100 if it loses. You can claim the same offer on your next five bets over the following five days.

Can I use PointsBet from my mobile device?

PointsBet is fully accessible on mobile devices, allowing you to sign up and bet from your smartphone or tablet. There’s a PointsBet app available too, which you can download from the App Store or Google Play Store. Betting on your mobile at PointsBet is incredibly easy and a lot of fun.

How long does it take to withdraw my winnings from PointsBet?

Withdrawal times depend on the method you use. In most cases, you’ll have to wait up to two working days for your withdrawal to be processed by the site. Your funds can then take between 30 minutes and three working days to reach you, depending on which payment method you choose.

Author

Tom Edlin is a senior author and contributor to SportsbookPromo.com. He's been writing and reporting on the US sports betting industry for years and has crafted hundreds of in-depth reviews and guides.

Chris Williams is a senior editor and fact checker at SportsbookPromo.com. He's been active within the US sports betting industry for over five years and has edited and fact checked hundreds of articles.