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PointsBet Review

Joey Shadeck

Joey Shadeck | July 13th, 2021

PointsBet is going to be a game-changer for U.S. sports betting. The sportsbook combines traditional sports betting with a unique and, honestly, thrilling way to wager — points betting. With points betting your potential earnings (and losses) are multiplied by how many points you won or lost your bet. PointsBet is currently the only sportsbook in the U.S. that offers this twist on betting.

Top Takeaways for 2021

After testing 20 online sportsbooks for our 2021 review, here are our top findings on PointsBet:

  • Sports and bets offered: PointsBet it is one of just three sportsbooks we review to earn five stars in this category. The high rating is due to the impressively wide variety of bets available — from all the standard types you’d expect to points betting and custom bets.
  • PointsBet mobile app: The emphasis on responsiveness and the easy-to-navigate layout make the PointsBet mobile app one of my favorites to use. Where other apps make it hard to locate their blogs, educational content, and customer support, PointsBet dedicates a prominent spot for each in its main drop-down menu.
  • Welcome bonus: PointsBet offers two risk-free bets up to $2,000. One is worth $500 on your first fixed odds bet, and the other is a $1,500 risk-free bet on your first points betting bet. The $2,000 in total value is the most I've ever seen from a sportsbook, except for the two months William Hill ran a $2,021 risk-free bet.
  • Education: Education is another strong-suit for PointsBet, which features articles, videos, and even a YouTube channel to help first-time bettors navigate betting and points betting.
  • Banking: Banking at PointsBet is quick and easy, deposit options vary by state and include online bank transfer (ACH), debit/credit card, PayPal, PayNearMe, prepaid company cards, or cash at certain casinos.
  • Biggest Con: PointsBet’s biggest weakness is live betting. Users can bet only on the live spread, moneyline, or total for games, and little else. The sportsbook also lacks common live betting features like live streaming, running clocks and a live match tracker.

Bet now for up to $2000 in promotions

Overall Summary

Rank: 2nd
FeaturePointsBet
Overall 5 Stars
Sports & Bets Offered 5 Stars
Odds 4 Stars
Live Betting 3.5 Stars
Mobile Betting 5 Stars
Bonuses & Promotions 5 Stars
Education 4.5 Stars
Ease of Use 4.5 Stars

What states is PointsBet legal in?

PointsBet is available online in the following states:

  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Michigan
  • New Jersey

Casino: Of the states PointsBet operates in, Michigan and New Jersey have legalized online casino games.

About PointsBet

PointsBet, launched in Australia in 2017, recently brought its sports betting style to the U.S. PointsBet offers traditional betting and points betting, where winnings or losses depend on the margin of how correct your bet is. PointsBet is a publicly traded company (OTCMKTS: PBTHF). PointsBet is one of the only sportsbooks to welcome professional sports bettors, allowing bets of $10,000 on most regular-season games.

PointsBet Bonuses

PointsBet is the top dog when it comes to bonuses and promotions. The sportsbook offers the highest risk-free bets for new customers that I’ve seen, as well as high-value ongoing promotions. Also keep an eye out for promotions for pre-registering before PointsBet launches in eligible states.

PointsBet welcome bonus

PointsBet offers two risk-free bets up to $2,000. One is worth $500 on your first fixed odds bet, and the other is a $1,500 risk-free bet on your first points betting bet. (Gotta say, I found that first points bet wager pretty thrilling.) For comparison, most sportsbooks provide one risk-free bet between $250 and $1,000.

PointsBet risk free bet

How does the PointsBet $500 risk-free bet work?

Once you open an account deposit up to $2,000 ($500 for the risk-free fixed odds and $1,500 for the risk-free points betting bet). Place your first fixed odds bet, up to $500. If your first bet wins, the promotion is over and you win your bet. If your first fixed odds bet loses, PointsBet will refund it, up to $500.

If your bet loses you will be given $500 in free bets. PointsBet allows you to break these bets up, so you can do two $250 bets, three $166.67 bets, or four $125 bets.

How does the PointsBet $1,500 risk-free bet work?

Once you open an account deposit up to $2,000 ($500 for the risk-free fixed odds and $1,500 for the risk-free points betting bet). Place your first points betting bet and adjust the multiplier so the maximum amount you can win or lose is $1,500. If the bet wins, the promotion is over and you win your bet. If your first bet loses, PointsBet will refund it in free bets, up to $1,500.

If your bet loses you will be given $1,500 in free bets. PointsBet allows you to break these bets up into two, three, or four separate bets. This means instead of one $1,500 bet you can do two $750 bets, three $500 bets, or four $375 bets.

PointsBet ongoing promotions:

Several ongoing promotions are available to existing customers on a regular basis. I noticed during college basketball (especially March Madness) PointsBet ran daily promotions. One example is the “$3 for every 3” promotion, which paid out $3 in free bets for every 3-point field goal that team makes. Outside of basketball season PointsBet doesnt' offer as many daily promotions as DraftKings, but still impressed me with risk-free bets, parlay insurance, and other wonky listings.


PointsBet Sports and Bets Offered

PointsBet it is one of just three sportsbooks we review to earn five stars in this category. The high rating is due to the impressively wide variety of bets available — from all the standard types you’d expect to points betting and custom bets. (The other two standout sportsbooks in this category are DraftKings and FanDuel.)

To give you a sense of the allure of points betting, I was counting down the days for more than a year, waiting for my home state Michigan to establish its online sports betting laws so that I could try points betting. I’m here to report that the wait was worth it. I took the Toronto Raptors +1 against the Indiana Pacers. Each basket scored in the fourth quarter had me sweating, cheering, or gritting my teeth. The Raptors ended up winning the game, and I was hooked.

What is points betting?

Points betting takes a spread, total, or prop bet and makes it a variable bet until the end of the game. The idea is that the more correct a bettor is, the more they win — and vice versa, of course. The potential to lose more than you bet is why points betting is not for risk-averse bettors.

Here’s a points betting 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. To calculate your winnings, 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. Multiply your $10 wager by three, and that gets you a $30 total win. Let’s say Dallas loses 17-20. That means you lost the spread by six points (the three Jacksonville won by plus the three Dallas was favored by). Therefore, your $10 wager is multiplied by six and results in a $60 total loss.

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 points betting wager of $1, your maximum gain or loss can only go up/down $10.

What bet types are available at PointsBet?

A Thanksgiving dinner size selection of bet types are available at PointsBet, including standard bet types (spread, moneyline, total), custom bets, and the pumpkin pie equivalent, PointsBetting.

  • Standard bet types: All of the must common bet types - spread, moneyline, over/under (total), parlay, prop, future, teaser - are readily available. These bet types are featured at every sportsbook.
  • Custom bets: Only available at PointsBet and FOX Bet, custom bets allow you to submit your own bet and, if accepted, your bet will be available to all PointsBet users. Here’s an example of a custom bet: “LaMelo Ball to record over 17.5 Pts + Rbs + Asts and 76ers to win.”
  • Points betting: Points betting takes a spread, total, or prop bet and makes it a variable bet until the end of the game. The idea is that the more correct a bettor is, the more they win — and vice versa, of course.

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What sports can you bet on at PointsBet?

18 different sports are available to lay action on, including all the must-haves - football, basketball, soccer, baseball, MMA, golf, tennis.

FeaturePointsBet
Total Sports Offered18
Aussie Rules (AFL) Yes
Baseball (MLB) Yes
Basketball (NBA) Yes
Basketball (NCAA) Yes
Boxing Yes
Cricket Yes
E-Sports Yes
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
Sports & Bets Offered 5 Stars

PointsBet App Review

PointsBet is one of the apps I frequent on a weekly basis. I know where everything is, making bets is easy, and I rarely experience any glitches or slowdowns.

PointsBet app pros: The emphasis on responsiveness and the easy-to-navigate layout make the PointsBet mobile app one of my favorites to use. Where other apps make it hard to locate their blogs, educational content, and customer support, PointsBet dedicates a prominent spot for each in its main drop-down menu. Given the complexity of points betting, I appreciate the informational icon on each wager providing examples of each bet.

PointsBet app cons: FaceID is not available for iOS devices. While you can setup a PIN for a quicker login, I've actually done this and then randomly the app will forget I set it up and make me reset it. In 2021 anything slower than FaceID is wasted time.

PointsBet blog: This feature is unique to PointsBet and only a handful of other sportsbooks. Other sportsbooks, like BetMGM, post fresh content more frequently. But you can count on PointsBet to post on high-profile games and other topics like betting strategy (e.g “What is Juice in Sports Betting” and “Bankroll Management”).

Gallery

PointsBet Website Experience

Using the PointsBet website is not as intuitive as the mobile app. There's a ton of space at the top of the page that feels wasted. Finding bets isn't as easy. That's not to say the website isn't usable. It just feels a half-step behind in terms of usability.

PointsBet web experience

PointsBet Sports Betting Education

Articles and videos on PointsBet’s YouTube channel and website explain popular bet types, how to bet, and even topics like bankroll management. As somebody who once asked, “what the heck is points betting?” I’ve personally benefited from the level of detail PointsBet puts into its tutorials.

Boost your sports betting smarts: For more education, see our guides on how to read odds, different bet types, and understanding bonus rollovers.

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PointsBet Odds Analysis

FanDuel finished 7th out of 20 sportsbooks we collected data on for our 2021 odds testing.

PointsBet above-average odds: PointsBet offers good odds on NHL total bets, NBA spread bets, and NFL spread bets. For comparison, if average NFL spread odds on a team are +130 at other sports betting sites, PointsBet might offer odds at +140. In this example, every dollar wagered would return $1.40 at PointsBet versus $1.30 at other sites.

PointsBet below-average odds: PointsBet offers below average odds on soccer moneyline bets, NHL moneyline bets, and NFL moneyline bets. For comparison, if average soccer moneyline odds on a team are -110 at other sports betting sites, PointsBet might offer odds at -115. In this example, every dollar wagered would return $.87 at PointsBet versus $.91 at other sites.

FeaturePointsBet
NFL MoneylineBelow Average
NFL SpreadGood
NFL TotalAverage
NBA MoneylineAverage
NBA SpreadBest
NBA TotalAverage
NCAAF MoneylineAverage
NCAAB MoneylineAverage
Soccer Moneyline Below Average
NHL MoneylineBelow Average
NHL SpreadAverage
NHL TotalGood

Methodology: To score Odds, Moneyline.com gathered data from 20 sportsbooks over five months. For our 2021 Sportsbook Review, over 34,000 data points were collected for spread, moneyline, and over/under (bets).

Leagues and bet types collected include NCAA football moneyline bets, NCAA basketball moneyline bets, NFL moneyline, spread and total bets, NBA spread, moneyline and total bets, NHL moneyline, puckline and total bets, and soccer 3-way result (moneyline) bets. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.

PointsBet Live Betting

PointsBet’s biggest weakness is live betting. Users can bet only on the live spread, moneyline, or total for games, and little else. The sportsbook also lacks common live betting features like live streaming, running clocks and a live match tracker. The missing features make PointsBet’s menu feel outdated compared to apps like FanDuel or DraftKings.

Instant Bets: PointsBet offers instant bets, which allow users to bet on the next play of a game or the next point in a match — e.g., “What team will be awarded the next throw-in in a soccer match?” or, “What will the result of the next drive be?” in an NFL game.

Prop bets: We wish PointsBet had more live props to lay action on. An example of a live prop bet is, “How many points will Russell Westbrook score?” For an abundance of live props bets, check out SportsBetting.com and DraftKings.

Live match tracker: As mentioned earlier, PointsBet doesn’t provide a live match tracker, even though it’s a common feature on most other betting apps. Live scores are displayed, but the clock is not continuously running, scores are not displayed by quarter, and you won’t be able to see which team is attacking in real-time.

Live Streaming: PointsBet does not stream live sporting events through its app. If you’re interested in this feature, check out FanDuel or Unibet. Be aware that for all sportsbooks, live streaming is currently limited to international sports such as basketball, soccer, hockey, tennis and table tennis matches due to the high costs of licensing live broadcasting rights.

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What do you need to create a PointsBet account?

Creating a PointsBet account takes about five minutes and requires the following information:

  • Email
  • First and last name
  • Gender
  • Date of birth
  • Phone number
  • Last four digits of your social security number
  • Address

Although creating an account is quick and easy, you can test drive the app without creating an account. Just by downloading the app you can view the layout, promotions, sports and bets offered, and more. I recommend doing this to see if you like the user interface before actually creating an account.

Here are screenshots of everything you need to open a PointsBet account.

What you need to create an account at PointsBet

How to deposit and withdraw money at PointsBet

The easiest way to deposit and withdraw money is by 1) linking an online banking account 2) selecting the amount you want to deposit or withdraw 3) login to your bank 4) select the proper account 5) deposit or withdraw funds.

What deposit methods does PointsBet offer?

Bettors can currently deposit via online bank transfer (ACH), debit/credit card, PayPal, PayNearMe, prepaid company cards, or cash at certain casinos.

  • Online Bank Transfers - Available at almost every sportsbook, you can link your bank account to your sports betting account. Hundreds of banks are available to link to, so there's a good chance you'll be able to link a checking or savings account. Most sportsbooks use companies such as Plaid to provide incredibly safe bank transfers. We recommend this method over all alternatives, as online bank transfers are free, fast, and efficient.
  • Debit/Credit Cards - Also readily available, you can use a debit or credit card to deposit money. Visa, Mastercard, Discover, and American Express are all typically accepted as card providers. Pro Tip - Don't use your credit card if you don't have the money. Betting on sports can be risky and you should only bet with money you are willing to lose.
  • PayPal - PayPal is offered by a majority of sportsbooks. PayPal, a third-party payment processor, is a fast and secure way to send and receive money.
  • Prepaid Gift Cards - If you are seeking a safe way to responsibly gamble with a pre-set amount of money, check out prepaid gift cards. Typically offered by Play+ these prepaid gift cards function as any normal gift card.
  • Cash - You can also deposit and withdraw money by visiting the casino that the sports betting app is partnered with. For example, in Michigan, you can deposit and withdraw money to your PointsBet account at the Northern Waters Casino Resort in Watersmeet.
FeaturePointsBet
Minimum Deposit$5
Total Deposit Methods4
No Debit/Credit Card Deposit Fees Yes
Deposit Min/Max - Debit/Credit Card$5/Varies

What withdrawal methods does PointsBet offer?

Withdrawal options vary by state and include online bank transfer (ACH), debit/credit card, PayPal, PayNearMe, prepaid company cards, or cash at certain casinos. Minimum deposits are $5; there are no withdrawal minimums.

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

What is the minimum deposit at PointsBet?

The minimum amount required to open an account at PointsBet is $5.

Is PointsBet legal?

PointsBet is legal and licensed in the following states: Colorado, Illinois, Indiana, Iowa, Michigan, and New Jersey. Here's where PointsBet obtained its license from in each state:

  • Colorado: Double Eagle Hotel & Casino
  • Illinois: Hawthorne Race Casino
  • Indiana: Hollywood Casino
  • Iowa: Catfish Bend
  • Michigan: Northern Waters Casino
  • New Jersey: Meadowlands

What customer support does PointsBet offer?

PointsBet currently only offers live chat and email customer support. While common at other sportsbooks, phone support is not available at PointsBet.

FeaturePointsBet
Live Chat Support Yes
Live Chat Support Availability Yes
Email Support Yes
Email Support Speed Yes
Phone Support No

PointsBet Casino Summary

PointsBet's casino selection is limited to 12 slots, two video poker games, one versions of roulette, one version of blackjack, and one version of baccarat. Competitors tend to offer over 100 slots with multiple versions of each table game, with BetMGM and Golden Nugget offering the most.

Being that I have multiple sports betting apps that offer online casino games, I don't forsee myself using PointsBet's casino without any promotional incentives. The overall selection is comparable to an older Toyota Camry. It will get the job done, but the newer models have all the bells and whistles.

FeaturePointsBet
Online Casino Yes
Online Slot Machines12
Online Blackjack Yes
Online Roulette Yes
Online Virtual Poker Yes
Online Virtual Sports No

PointsBet Casino

How fast does PointsBet payout?

PayPal withdrawals take 1-2 business days. ACH/eCheck takes 1-2 business days. Online banking takes 1-2 business days to be processed by PointsBet and an additional 1-3 business days to reach your account.

Can you cash out on PointsBet?

Yes. Like most sportsbooks, PointsBet offers an early cash out feature. Called "partial cash out" at PointsBet, this feature allows bettors to amend their original bet and lock in a profit or a loss by settling the bet (or a portion of the bet) before the event has concluded.

Final Thoughts

PointsBet brings a new style of betting to the United States, and frankly, I'm a huge fan. The opportunity to try your hand at points betting — plus the killer new-customer and creative ongoing promotions — are convincing reasons to open a PointsBet account. Although live betting lacks a few features, the high-quality overall offering at PointsBet makes it one of the top sportsbooks in our book.


Methodology

For Moneyline.com’s annual best online sportsbooks review, we collected more than 36,000 data points over five months from 20 sportsbooks that serve 11 states where full-scale mobile betting is legalized. Hundreds of hours were spent testing and scoring each sportsbook (mobile and online/desktop) in seven core categories: sports and bets offered, odds, live betting, mobile betting, education, ease of use, and bonuses and promotions. The results determined each sportsbook’s overall rating.

Data from more than 1,700 bets (including moneyline, spread and total bets) was used to generate each sportsbook’s comparative odds ranking. Leagues and bet types collected include NCAA football moneyline bets, NCAA basketball moneyline bets, NFL moneyline, spread and total bets, NBA spread, moneyline and total bets, NHL moneyline, puckline and total bets, and soccer 3-way result (moneyline) bets. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.

About Moneyline.com’s chief sportsbook researcher, Joey Shadeck: I’ve been a hobby sports bettor for more than six years, placing hundreds of bets on my favorite sports (football, basketball, MMA) and teams (Packers, Spartans, and whoever is playing the Lions). Beyond sports betting, I’m known for saying “Wanna bet on it?” in almost any situation and that is how I found out I can eat 42 chicken nuggets in less than 20 minutes.

As of February 2021, 22 different states have legalized sports betting to some capacity. Of those 22 states, the following 11 have legalized full-scale mobile betting: Colorado, Illinois, Indiana, Iowa, Michigan, Nevada (must register in-person), New Hampshire, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia.




Joey Shadeck

About the author: Joey Shadeck is the lead writer for Moneyline.com and content strategist for Reink Media Group. He has closely tracked sports betting in the United States for the last two years, compiling hundreds of data points across dozens of sportsbooks. He has 6 years of online betting experience with hundreds of bets placed during that time.



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