PointsBet

PointsBet were founded in Australia and quickly became one of the biggest brands in the market due to their unique ‘Points Betting’ spreads option. They launched both Points Betting and regular sports betting in New Jersey and both are proving a hit with US players.

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PointsBet History

Australian company PointsBet has made a significant impact on the US sports betting market in a very short space of time. The sportsbook launched in New Jersey in January 2019, through a partnership with Meadowlands racetrack. PointsBet’s ‘Points Betting’ offering is unique to the industry, allowing stock market style trading on sports trends.

PointsBet Sportsbook new customer promotion

New customers at PointsBet Sportsbook are eligible to receive 2 Risk-Free Bets totalling up to $1,000. The first free bet is given to new players if their first ‘Points Betting’ wager loses, matching the first bet value up to $500. This means that if you place a first ‘Points Bet’ of $500 and it loses, you will be refunded $500.

The second free bet is given to new players if their first fixed price wager loses. Again, this refund is up to the value of $500. For example, if you wager $500 on a fixed odds NBA game and it loses, you will be refunded $500.

No refunds are given out for winning, void or wagers resulted as a push. Refunds will be given out as bonus bets within 24 hours of bet settlement.

Creating an account at PointsBet Sportsbook

Joining PointsBet Sportsbook in New Jersey is simple. To create an account, click the ‘Sign Up’ button located in the upper-right-hand corner. This will take you to a two-step account registration page where you must enter:

• General information – name, email address and promo code
• Personal details – date of birth, cell phone number, address and last 4 digits of SSN
• Account details – username and password

The need for your account and personal information is strictly for security and verification purposes and will remain confidential. Occasionally, PointsBet Sportsbook may ask new players to send a valid photo ID to confirm identity. However, this is a very straightforward process.

Eligibility for creating a PointsBet Sportsbook account

As US gambling law states, bettors must be at least 21 years of age to create a sports betting account. To open a PointsBet Sportsbook account, you must also be located within the Garden State. You do not need to be a resident, but must be located there. To prove this, new customers must share their location with the sportsbook. Those using the sports betting app will need to turn on location services on their device and those betting via the website must download a location plug-in.

New Jersey regulation also states that any person whose occupation can influence the outcome of a sporting event (e.g. player, coach, trainer or official) is prohibited from placing sports wagers or opening a gaming account. This is to avoid match-fixing and fraudulent behavior.

PointsBet Sportsbook app

The PointsBet Sportsbook app is available on both iOS (iPhone, iPad) and Android in New Jersey. You can download the app through the site or via the Google Play Store or Apple App Store.

Remember, you will require downloading tracking software to verify your location, as per state regulations.

PointsBet Sportsbook deposits & withdrawals

PointsBet customers can deposit money using:

• ACH e-check
• Credit and debit cards (Visa or MasterCard)
• Bank transfer
• Casino cage at Meadowlands Racetrack

The minimum deposit is $10. Players can then withdraw funds using PointsBet’s card and ACH e-check. PointsBet customers have made clear that the deposit and withdrawal methods on offer at the sportsbook are very limited compared to its competitors. The absence of PayPal as a payment option is an issue for some, as this is seen as an extremely convenient way of funding players’ sportsbook accounts. It is also a welcome alternative for players who do not like connecting their personal bank accounts to their sportsbook account.

Betting options at PointsBet Sportsbook

PointsBet Sportsbook offers betting on a variety of sports from football and basketball to soccer and tennis. The sportsbook also allows players to place bets on:

• Moneylines and point spreads
• Player and team futures
• Parlays (a bet linking two or more single wagers together)
• Player and team props
• In-play events
• Teasers (a bet that adjusts the point spread)
• Round robins (a bet that links parlays together)

‘Points Betting’ at PointsBet

What currently separates PointsBet from the competition is their innovative and exciting ‘Points Betting’ product. ‘Points Betting’ is a high-risk, high-reward option that is new to even the most experienced bettors. Players wagering ‘Points Bets’ win or lose beyond their initial wager based on the margin of victory or loss to their wager.

‘Points Betting’ works like this; Say you had an NFL game total of 42. You could wager $10 that it would go over by 10 points, thus making the total 52. If you were correct, you’d win 10-times your wager, winning $100. But if you were wrong and it went under at 28 total points, you’d lose $100 instead. Therefore, ‘Points Betting’ provides players with a greater element of risk, but a greater profit potential.

PointsBet Sportsbook customer service

Live chat and email support are available to PointsBet customers 24/7, while phone support is available from 8am to midnight every day. The email and chat options are at the bottom of every page on the PointsBet site.

The ‘Help’ section also has a FAQ list, where you can visit if you have a quick question that needs answered.  

PointsBet Sportsbook summary

PointsBet’s unique ‘Points Betting’ offering definitely gives the brand an edge over competitors in the online sports betting market. This, in addition to the excellent customer service on offer to players, has created a reputable sportsbook brand.

The generous welcome offer and variety of betting options at PointsBet perhaps help offset limited payment options. As discussed, new customers have expressed that they would prefer to use payment options such as PayPal to fund and withdraw from their accounts.