Overall

PointsBet delivers a brand new way of betting to the United States, and dang does it deliver.

Joey Shadeck | October 10th, 2019

Dislikes
  • Limited live betting and banking

Review Sections:

FeaturePointsBet
US Regulated Sportsbook (legal) Yes
Online Availability - Indiana No
Online Availability - Iowa Yes
Online Availability - New Jersey Yes
Online Availability - Nevada No
Online Availability - Pennsylvania No
Online Availability - Rhode Island No
Online Availability - West Virginia No
Offshore Sportsbook (illegal) No
Casino No
Poker No

PointsBet, which launched in Australia in 2017, recently brought its sports betting (with a twist) to the United States. PointsBet offers traditional betting as well as pointsbetting, where winnings or losses aren’t fixed, but depend on how correct your bet is. I’ll explain this in depth in the bets offered section of the review.

PointsBet is a sportsbook best-suited for bettors who are looking for something different or an extra adrenaline rush watching games.

Bets Offered

The sportsbook is so unique I recommend any experienced sports bettors check it out, even if you have accounts with multiple other sportsbooks. On the other hand, first-time bettors will likely prefer a more traditional sportsbook.

PointsBet offers three main types of bets: fixed odds, pointsbetting, and pick your own bets.

Fixed odds bets - What traditional bettors are used to, spread, moneyline, total, player and team props, alternative spreads and totals, and individual half or quarter totals and spreads. PointsBet offers over 100 bets for NHL games, over 200 for NBA games, and 10-30 for NCAA games.

Fixed Odds Bets   NHL
Fixed odds bets for the NHL.

Pick your own bets - These are various spread and total bets, with multiple options and odds available for each possible outcome. For example, you can bet on your favorite team to win or lose by one point, or nine and a half if you so desire.

PointsBetting - The bread and butter of PointsBet, and is sports betting on massive amounts of caffeine. PointsBetting takes a spread, total, or prop bet, and makes it a variable bet until the end of the game. The idea is the more correct a bettor is, the more they win, and visa versa. 

PointsBetting Explained
An example of PointsBetting an over/under bet.

For example, let’s say you bet $10 on the Dallas Cowboys (-3) against the Jacksonville Jaguars (+3). If Dallas wins 24-20, you covered the spread and won by one point. This means you multiply your $10 wager by one, for a total win of $10. If Dallas wins 26-20, you covered the spread and won by three points. This means you multiply your $10 wager by three, for a total win of $30. If Dallas loses 17-20, then you lost the spread by six points (the three Jacksonville won by plus the three Dallas was favored by). This means you multiply your $10 wager by six, for a total loss of $60.

There are caps on each sport/market. Some markets may have a win/loss multiplier of up to 250X, while other markets can be capped at 10X.

Bettors who are more risk-averse can set stop losses to minimize maximum gains/losses. For example, if you place a stop loss of 10X and make a pointsbetting wager of $1, your maximum gain or loss can only go up/down to $10.

PointsBet states on their website “If you think of a market that is not currently on site (for any sport/event currently offered), tweet us @PointsBetUSA & #nameabet and We Will Price It.” Seeing this from a sportsbook is a cool way to keep customers happy and engaged, even if it’s betting on something silly like Barstool Sports President Dave Portnoy getting apprehended by NFL security at the SuperBowl.

Cash Out Feature

Like most New Jersey sportsbooks, PointsBet offers the Cash Out feature for some fixed odds bets. Cash Out is a new feature that gives you the opportunity to close out your active bet before the outcome is decided. The feature allows you to secure part of your winnings or cut your losses as the odds change in or against your favor. For example, let’s say you bet $10 straight up on the Lakers to beat the Celtics. If Los Angeles is winning by 18 points in the third quarter, you might be able to cash out your bet ticket and receive $7 profit on the $10 bet. In this example, you would have made money off your bet before the 4th quarter of the game was even played.

Min/Max Lines

PointsBet has maximum payouts per sport, which range from $1,000 to bets on ABC’s The Bachelor to $500,000 on NFL games. Maximum betting limits may vary on each bettor’s account.

Daily Odds Boost

PointsBets offers daily odds boosts on different sports, players, and games. The odds boosts act like a sale at a retail store, providing more incentive to make each bet. 

Daily Odds Boost NBA
Daily Odds Boost NBA

Odds

PointsBet was established after our 2018 odds testing concluded, so I was not able to grab the hundreds of data points necessary to compare it amongst other sportsbooks. Odds will be factored into the score for next years review.

Banking Options and Fees

Minimum deposits and withdrawals are both $5, with maximum limits varying for each bettor. PointsBet offers a few options for depositing and withdrawing money but could offer more popular options such as PayPal.

Deposit Methods

Deposits can be made via ACH (e-check), debit/credit card, Paywithmybank, and a PointsBet Prepaid Card.

FeaturePointsBet
Total Deposit Methods4
No Debit/Credit Card Deposit Fees Yes
Deposit Min/Max - Debit/Credit Card$5/Varies

Withdrawal Methods

For withdrawal only ACH(e-check) and a prepaid PointsBet card option are available.  

FeaturePointsBet
Total Withdrawal Methods2
Check Payout Speed is < 10 days Yes
No Withdrawal Fees - Check Yes
Withdrawal Min/Max - Check$5/Varies

Sports Offered

PointsBet currently offers betting on 16 sports, an impressive initial offering for a new sportsbooks.

FeaturePointsBet
Total Sports Offered16
Aussie Rules (AFL) Yes
Baseball (MLB) Yes
Basketball (NBA) Yes
Basketball (NCAA) Yes
Boxing Yes
Cricket Yes
Entertainment Yes
E-Sports No
Football (NFL) Yes
Football (NCAA) Yes
Golf (PGA) Yes
Hockey (NHL) Yes
Horse Racing No
MMA (UFC) Yes
Rugby (League) No
Rugby (Union) Yes
Soccer (EPL) Yes
Soccer (UEFA) Yes
Soccer (MLS) Yes
Tennis Yes

The company does a good job of always offering topical bets. Whether it’s the NBA trade deadline, the MLB Home Run Derby, or the Oscars, PointsBet has some action on it.

Seasonal Bets
Seasonal bets

Live Betting

PointsBet offers a plain live betting menu, providing a live clock with a few live bets that aren’t available pre-game. The menu is a weaker part of the sportsbook, failing to offer some of the bets, statistics, and live match tracker offered by other New Jersey sportsbooks.

Live Betting   NCAAB
Live betting NCAAB

Customer Service

PointsBet currently only offers live chat and email customer support, failing to provide a phone support line. Employees are knowledgeable, although the speed of response time could be slightly improved.

Education and Research

PoinsBetting can be a confusing way to bet on sports. Thankfully, PointsBet does a good job of explaining the way pointsbetting works, offering examples of bets, as well as an educational video with Darrelle Revis. PointsBet also does a good job explaining the rest of their standard bets with written examples. 

PointsBet doesn’t currently offer anything in terms of statistics.

PointsBet Blog

PointsBet does provide users with a blog, which previews and recaps more significant sports and entertainment events, offer some suggested bets and strategies, as well as some exclusive content from Darrelle Revis. The blog has a decent amount of content for only being active a few weeks, and I think it will prove to be a medium of knowledge and entertainment for bettors.

PointsBet Blog
PointsBet Blog

Mobile Betting

PointsBet offers an Android an iOS app that functions well, providing smooth navigation throughout the app. There are currently a few pages such as terms and conditions that don’t load or take too long to load. Aside from this, I actually preferred my mobile experience to the desktop one.

Reputation

PointsBet is one of the newest sportsbooks in the industry, being introduced only two short years ago. PointsBet is regulated in both the United States (New Jersey) and Australia and has not had any legal issues or customer dissatisfaction issues.

Other Notes

Promotions PointsBet has a slew of ongoing promotions for bettors. Some examples include NBA Early Payout – lead at halftime get paid instantly, No Juice Spread lines – for all top 8 NCAAB teams, Oscar Awards Boosts, and NHL Early Payout – Lead by 2 goals, you win, amongst others. The promotion for new customers is a $50 bonus bet as well as two risk-free bets up to $1,000.

The daily and weekly promotions are entertaining and make betting on games/leagues that you normally wouldn’t a lot more exciting. PointsBet also offers a rewards program that earns bettors point for each wager placed.

Promotions PointsBet
PointsBet promotions.

Final Thoughts

PointsBet brings a new style of betting to the United States, and frankly, I’m a huge fan. I think pointsbetting is unique and fun enough to justify opening an account with PointsBet, regardless of whether or not you have other sports betting accounts. The daily odds boosts, cash out feature, promotions, and wide slate of bets offered make the sportsbook a worthwhile endeavor to any sports bettor looking for a new an exciting way to bet. While some functions of the sportsbooks, such as live betting, can be improved, I think PointsBet will be a game changer for U.S. sports betting.


Joey Shadeck

About the author: Joey Shadeck Joey Shadeck is a research analyst for BettingBuck.com. He has been a sports fan all his life, football and basketball being his two favorites to watch. Joey remembers betting his mom that the Green Bay Packers would beat the Detroit Lions as early as elementary school. He has 5 years of online betting experience with hundreds of bets placed during that time.

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