PointsBet Sportsbook officially launched in January 2019, with New Jersey being its first state of operation. Being a newer, small player in the sports betting industry, PointsBet needed a way of differentiating themselves. They have done just that, and they have grown in popularity as a result.
This is an expansive look at PointsBet Sportsbook, reviewing what they are doing well and poorly, and how to bet sports online.
PointsBet Sportsbook Overview
Signup Bonus: Up to $1,000
States Available: New Jersey, Indiana, and Illinois Iowa.
Deposits/Withdrawals: Credit/debit card, ACH (eCheck), PayPal.
PointsBet Pros: Sports offered, points betting innovation, bet types, bonuses and promotion, user interface.
PointsBet Cons: Availability, increased losses
Pros of PointsBet Sportsbook
PointsBet Sportsbook provides options for all major sports. From NFL to cycling and UFC to table tennis, the book has many sports options available.
Points Betting Innovation
PointsBet earns its name by its high-risk, high-reward style of betting that is unique to them. In its simplest form, you earn more money the more correct your bet is. On the opposite side, you will lose more if you are way off. This style of betting is great for those who like another twist added.
For example, let’s say you placed a $10 bet for the Bucks and Lakers to score over 200 points. If they finished with 220 points scored, you would win $200, since 20 points over what you bet equals 20 times your wager. If they would have gone to overtime and put up 250 points, the return on that $10 bet would be $500.
With the points betting option, the odds are not fixed, so every yard, point, goal or run matters. However, it is important to note that PointsBet does also offer traditional betting for those just learning how to bet sports online.
Where PointsBet thrives is its bet types. Yes, it has moneyline, bets against the spread and even live betting, but it prides itself on having “more bet types on NFL and NBA than any other bookmaker in the world.”
For example, you can also bet on a quarterback’s completion percentage or the time it takes for the first touchdown to be scored in seconds. Of course, these can also influenced by it’s unique points betting style.
Bonuses and Promotions
PointsBet offers a wide variety of bonuses and promotions. It has a rewards program, which allows users to earn points on every wager placed. It has a “refer a friend” promotion, which rewards a user $50 for every new player they refer and deposits at least $50.
It also offers a wide variety of seasonal promotions, which means users should continually check PointsBet’s book to see what is being offered.
PointsBet is incredibly user-friendly. It features a simple, dark layout for its site. It does a good job making sure the site is not too crowded, which can be an issue for other books. The dark layout is also nice for those late night betting days, as the site won’t blind you. It’s really easy to navigate and the limited colors help to easily communicate areas of action on the site.
Cons of PointsBet Sportsbook
As stated above, PointsBet is a new player in this industry, so they are only beginning their expansion. Currently, the only three states to place online bets at PointsBet Sportsbook are New Jersey, Indiana and Iowa. Colorado is the next state that will be getting access to PointsBet.
If you choose the points betting option, you can lose extra money just as easy as you can win it. Going back to the previous example of placing a $10 bet on a point total over 200, if they game finished with 198 total points, you would actually lose an addition $10, since the two points equals two times the wagered amount.
It’s easy to see why PointsBet Sportsbook is one of the fastest-growing books. Along with it being user-friendly, the points betting option gives bettors, who are already risk takers, another layer of risk, which could bring great rewards. This seems like a great place for seasoned bettors to enjoy, but also a spot where not-so-seasoned individuals who are just learning how to bet sports online can get their feet wet. Let’s hope they continue to expand to new states quickly.
Need more sports betting information? Check out the Awesemo betting home page.