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It is partnering with Meadowlands Racetrack in New Jersey for its first foray into the US.
The company has employed the help of two American sports icons — NBA Hall of Famer Allen Iverson and former NFL All-pro Cornerback Darrelle Revis — who are serving as brand ambassadors to help the company appeal to the US audience.
In addition to more traditional markets, its main selling point is a unique form of a high-risk, high-reward feature that it calls “Points Betting.”
The new app for New Jersey began operations in January and is licensed and regulated by the NJ’s Division of Gaming Enforcement.
|PointsBet Promo Code||PLAYNJ|
|Free Play Bonus:||Free $100 bonus on $50 deposit|
|PointsBet Sports Offered:||NFL, MLB, NBA, Golf, NHL, MMA|
|Last Verified:||September 3, 2019|
PointsBet has unveiled the Deposit $50, Bet $150 promotion. A $50 deposit will get players a $100 bonus from the site.
This offer is only available in New Jersey with the promo code PlayNJ.
Links to the downloads are available at the bottom of every page on PointsBet.com. Players can place the same wagers on their mobile devices as they can on the website. This is true both for pregame and in-play wagering.
The site offers an extensive range of betting markets for professional sports, both pregame and in-play.
In fact, the site claims to offer more markets on NBA and NFL games than any other bookmaker on the planet. Examples of such markets include:
The site currently lists 17 sports on which it is offering markets. These markets include all of North America’s most popular sports:
Additional sports include rugby union and league, and Aussie rules football.
Notably, there is a tremendous difference between the number of markets available for professional sports and the number available for college games.
Players looking for action on NBA games will find more than 200 markets available, and players betting on NHL games typically have an excess of 100 options available.
By contrast, the markets available for college basketball games range from five to about 30. The number of markets available for any given game appears to vary based on the strength of the conference, the quality and popularity of the teams involved and whether the games will be on TV.
Moneyline, spread betting and totals markets are standard for sporting events. The most likely fixed odds markets to be available beyond those are first half and second half lines and team totals.
As stated, though, the offerings for most professional sports extend far beyond that.
PointsBet extensive range of prop bets for professional sports is likely to improve its popularity among a small group of players who seek out the less popular bets, but the site’s long-term success will depend heavily on whether players take to its marquee product, PointsBetting.
PointsBetting is a high-risk, high-reward option that is new even to most experienced bettors.
With traditional fixed odds wagering, players bet a certain amount with a guarantee of either losing that amount or winning a set amount. The main exception is horse racing, in which odds may change between the time of placing the bet and the start of the race.
PointsBetting is entirely different.
Players engaging in PointsBetting win or lose beyond their initial wager based on the margin of victory or loss of their wager. For example, with traditional wagering, if Miami Heat is favored by 3.5 points, a player wagering $110 on Miami against the spread would win $100, and the most he or she could lose would be $110. The player wins the same amount whether Miami wins by four or by 40, and loses the same amount whether they win by three or lose by 30.
With PointsBetting wagers, players win or lose more than their wager amount based on how far the result was from the line. In the example above, the player would win several times more if Miami won by 40 than if they won by four, and lose far more if Miami lost by 30 than if they won by three.
The number of PointsBetting markets available varies widely by the event. Different formulas are used depending on the event to determine profit and loss.
For example, because the variation in basketball is more significant than it is in hockey, a three-goal difference from the spread in hockey would result in a much broader variation in payout than a three-point difference from the spread in basketball.
While PointsBetting will surely appeal to those seeking big payouts, players who are new to it are advised to proceed with caution. Such players should begin with a small wager — relative to their regular bet size — until they become familiar with the system. Players may also employ the site’s “stop-loss” feature to limit the amount they can lose – or win – in these types of wagers.
The new sportsbook is not the best option for players who like large or varied multi-bet options. Currently, teasers are not available for American football or basketball.
Parlays are available but are capped at 12 teams, which is more than enough for most players but may be too few for those looking for massive payouts. Parlays are currently available only for fixed odds wagers and may not include PointsBetting selections.
A player must be 21 years of age or older to open an account and play at PointsBet.com.
He or she must also be physically located in New Jersey when placing wagers. The site employs geolocation technology to enforce this rule.
Yes. Although some sports betting sites have moved away from traditional loyalty programs, PointsBet.com continues to offer one.
The site has a “rewards” page where players can track their points. The program offers one reward point per $1 fixed odds wager, five rewards points for every $1 wagered on a parlay, and one reward point for every $1 won or lost on PointsBetting.
Players earn points after eligible wagers settle, and don’t on bets that are scratched, voided or otherwise canceled.
The site offers an extensive range of promotions that players can see on the “promos” page. These promotions vary by league, bet type and even time of day.
For example, at the time of writing, the site offers no-juice spreadlines for the National Collegiate Athletic Association (NCAA) basketball teams ranked within the top eight.
PointsBet also provides early payouts for NBA and NHL moneyline wagers, which means that bets leading at the half or after the first period, respectively, are paid out then.
Among the other attractive options are lunchtime booster odds, which are available from noon to 3 pm, Monday through Friday.
For players looking for unique wagers, the “name a bet” option gives players the opportunity to request a wager not listed on the site by tweeting it to @PointsBetUSA and using the hashtag #nameabet. To utilize this promotion, the player must tweet it at least two hours before the start of the event.
Some promotions are only available for players who reside in New Jersey.
The new sportsbook offers fewer deposit options than most of its competitors.
Most players will likely find Visa and Mastercard are the most comfortable deposit options. Banks may have restrictions on cards, so players having trouble depositing through these methods should contact their financial institutions before contacting PointsBet support.
The site also offers an ACH/e-check deposit option, as well as an exclusive deal with EML that enables players to fund their accounts using EML cards.
The site complies with all relevant state and federal laws, which means it has restrictions on deposits and withdrawals. Players must satisfy verification requirements on their credit card or payment before making a withdrawal.
Players who have outstanding points bet wagers (i.e., wagers with the site’s unique high-risk, high-reward profile) may have part or all of their account funds withheld until the settling of the bet. Those who are new to this type of wagering may find this vexing at first, but it is done to limit the likelihood of a player’s balance going into the negative.
PointsBet.com makes it easy for inexperienced players to learn about the basics of sports betting through “the Revis Betting Academy,” a series of brief blog posts explaining the various types of bets available.
Live chat and email support are available 24/7, while phone support is available from 8 am to midnight every day. Customers can find the email and chat options at the bottom of every page on the PointsBet site.
The “help” section has a list of frequently asked questions (FAQ), which should be the go-to if there is something a customer does not understand.
PointsBet is one of the new entrants to NJ online sports betting. The Australian company offers a wide array of betting options, including its own unique spin that no other US bookmaker has. The welcome bonus and variety of markets help offset limited banking options.