PointsBet Review

Joey Shadeck

Joey Shadeck | March 11th, 2020

PointsBet combines traditional sports betting with the new and exciting PointsBetting to offer one of the best sportsbooks in the United States and Australia, despite a sub-par live betting menu.

PointsBet is a legal U.S. sportsbook, currently available in New Jersey, Indiana, and Iowa.

Top Takeaways for 2020

After spending six months testing thirty online sportsbooks, here are our top findings on PointsBet:

  • PointsBet offers all types of traditional team and player prop bets, in addition to PointsBetting, a new and exhilarating way to bet.
  • PointsBet provides users stellar education, a reliable mobile app, and is the only sportsbook to offer its own branded MasterCard.
  • Although the live-betting menu is a bit bland, all other aspects of PointsBet make it a top sportsbook in 2020.

Overall Summary

FeaturePointsBet
Overall 4.5 Stars
Sports Offered 4 Stars
Bets Offered 5 Stars
Odds 4.5 Stars
Banking Options and Fees 4 Stars
Live Betting 3 Stars
Mobile Betting 4 Stars
Customer Service 3.5 Stars
Education and Research 4 Stars
Reputation 4.5 Stars

Bets Offered

Overview - The wide variety of bets offered is what makes PointsBet a winner. PointsBet offers over 100 bets on most sports, including team and player props. You can bet on how many points, rebounds, or assists LeBron James will get in a game, as well as how many hits Mike Trout will record in a game. In addition to this, PointsBet allows you to change the spread (teaser/pleaser bets) for almost every game. On top of all that, there's the one of a kind PointsBetting.

PointsBetting - PointsBetting is the bread and butter of PointsBet. PointsBetting is for bettors who like to spice things up a bit, and honestly, it's worth opening an account to try out.

What is PointsBetting? 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. 

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. For this example, 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. For this example, 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). For this example, 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.

More risk-averse bettors 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.

Extra Features - PointsBet offers daily odds boosts, which increase the odds of a popular bet in favor of the bettor. Bettors can also name their own wagers, easily setup parlays, and cash out bets before the game ends.

Cash Out Feature - Like most U.S. sportsbooks, PointsBet offers the Cash Out feature for some fixed odds bets. Cash Out is a new feature that allows you to close out your active bet before the outcome is decided. The feature will enable you to secure part of your winnings or cut your losses prematurely. 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 make money off your bet before the 4th quarter of the game was even played.

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Banking Options and Fees

Deposit and Withdrawal Options - Deposits and withdrawals include ACH (e-check) or a debit/credit card. PayPal is also featured on the site but does not appear to be functional. PointsBet also has its own branded debit card (MasterCard). PointsBet is currently the only sportsbook with a branded debit card. Minimum deposits and withdrawals are both $5.

Sports Offered

Bettors can lay action on 16 different sports at PointsBet. A ton of international leagues are available, meaning you can bet on everything from the NBA to the Swedish Hockey League. PointsBet regularly updates the betting board, allowing you to bet on seasonal events such as the NBA trade deadline, the MLB Home Run Derby, or the Oscars.

FeaturePointsBet
Total Sports Offered16
Aussie Rules (AFL) Yes
Baseball (MLB) Yes
Basketball (NBA) Yes
Basketball (NCAA) Yes
Boxing Yes
Cricket 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 (MLS) Yes
Tennis Yes

Odds

The odds data below was gathered over the course of several months and contained over 10,000 data points. Data from 21 total sportsbooks were collected for NBA, Soccer, and NHL games, 17 for NFL games, 18 for NCAA games, and 16 for MLB games.

FeaturePointsBet
NFL Moneyline 8th
NBA Moneyline 11th
NCAAF Moneyline 5th
Soccer Moneyline 19th
MLB Moneyline 14th
NHL Moneyline 7th
NHL Spread 6th
MLB Spread 7th
NBA SpreadAverage spread odds are better than -110 per side
NCAAF SpreadAverage spread odds are -110 per side
NFL SpreadAverage spread odds are better than -110 per side

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 the weakest part of an otherwise stellar, failing to offer some of the bets, statistics, and live match tracker offered by other New Jersey sportsbooks.

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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.

PointsBet Sportsbook App

PointsBet offers a decent app for iOS and Android devices. 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 preferred my mobile experience to the desktop one. Navigating to place a bet just feels smoother on a mobile phone.

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Education

Education - PointsBet Pulse, PointsBet's blog, offers educational content, videos, and articles covering popular sports such as football and basketball. Education-wise 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 covers regular betting, too, so new bettors will feel comfortable betting for the first time.

In addition to standard education, PointsBet offers dozens of articles on betting strategy, which I found useful. The articles on football and basketball cover betting trends, futures bets, and other league trends.

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Other Notes

Promotions PointsBet has a slew of ongoing promotions, some of which are shown below. It is essential to read the terms and conditions of a bonus before accepting it. Understanding rollover requirements will help you know what you need to wager to receive your full bonus. For bettors who don't live in a state where PointsBet is available, there is a Pick6 weekly contest. This contest, offered by PointsBet, gives anyone a chance to win up to $25,000 a week by picking outcomes of games.

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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 wide slate of bets and sports 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.

About PointsBet Sportsbook

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 depend on the margin of how correct your bet is.

Where is PointsBet legal?

PointsBet is currently legal in New Jersey, Indiana, and Iowa. PointsBet will be expanding to other states throughout 2020. PointsBet is regulated in each of these three states and is a trustworthy company.

Is PointsBet safe?

PointsBet currently has one of the best reputations in sports betting for three reasons. First, PointsBet hasn't had any major glitches with their sportsbook. Second, PointsBet's "Karma Kommittee" has refunded bettors on some of the worst bad beats throughout the year. Third, professional bettors are welcome with a $10,000 gameday guarantee for all NBA and NHL playoff games, as well as the entire MLB and NFL seasons.

Who is PointsBet owned by?

PointsBet is a public company, with headquarters in Australia. The company is traded publicly under the ticker PBTHF.

Does PointsBet offer casino games?

No, PointsBet does not offer casino games. For sportsbooks that also offer casino games, see SugarHouse or Golden Nugget.

Does PointsBet offer online poker?

No, PointsBet does not offer online poker.

Methodology

For the BettingBuck.com annual best online sportsbooks review published in 2020, a total of 2,300 data points were collected over six months and used to score sportsbooks. Additionally, odds data was collected for each sportsbook on over 1,400 bets to give each sportsbook a comparative odds ranking.



Learn more about how we test.


Joey Shadeck

About the author: 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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