PointsBet Sportsbook – Sweet Welcome Bonus & PointsBetting!
PointsBet, an Australian I-gaming startup couldn’t stand out more from other sports betting sites. Originally launched in 2017, they opened a nj online sports betting site by partnering with Meadowlands Racetrack, New Jersey in 2018. They offer a unique twist on spread betting that could make knowledgeable sports bettors a TON of cash. Called PointsBetting, it is currently taking the USA sports betting community by storm.
Like all other sportsbooks in NJ, the New Jersey Division of Gaming Enforcement licenses and regulates PointsBet. To stay open, it has to prove it keeps its operational funds separate from player accounts. Also, to ensure their integrity, they have to subject their games to external scrutiny, giving players confidence and security to deposit on PointsBet.
PointsBet Sportsbook Welcome Bonus 2020
PointsBet has put together an exceptionally bold Welcome Offer. After players create their PointsBet accounts and make their first deposit, you’ll get not one, but 2 risk-free bets. You can use one on fixed-odds wagers, and the other in PointsBetting markets.
|Welcome Bonus||Two $500 risk free bets - total of $1000|
|No Deposit Bonus||None currently|
Win or lose. It’s here where the generous aspect of the sign-up bonus kicks in. If you lose either wager, you’ll be refunded up to $500 in bonus bets. While PointsBet have attached strings (you only get winnings back from bonus bets, not the stake), its size stands out from the competition.
What is PointsBetting?
PointsBet offers a variant of spread betting they call PointsBetting. What exactly is it? Effectively, PointsBetting is a form of spread betting applied to sports.
In equity and commodity markets, investors have used spread betting to make piles of money for years. You accept an ask price if you think an equity/commodity will rise, or the bid price if you think it will fall. Then, you lock in a bet per point. If the market moves in your favour, you make money. Similarly, if it moves against you, you lose money.
PointsBetting copies this approach and applies it to sports betting. Let’s say you want to bet on the total points scored in an NBA game. For the Raptors versus the Knicks, PointsBet has assigned an over/under of 200. You take the over, wagering $20 per point.
Standard sports betting multiplies your bet by the odds to produce a win amount. In PointsBetting, you make money for every point the wager moves in your favour. If both basketball teams end up scoring 218 points, you will have won the bet by 18 points. Multiply that by your $20 per point wager, and you’ve just made $360!
However, if the result falls well short of your wager, you could get cleaned out. Let’s say Pascal Siakam gets injured in the 2nd quarter – because of this, only 180 points get scored. All of a sudden, you’re out $400. Have less than that in your account? Because of one injury, you’re busto – just like that!
PointsBetting Offers Unique Betting Markets
The example described above uses a common wager familiar to most sports bettors. While PointsBetting offers these common sports wagers, they have innovated by bringing in bets not seen on other sports betting sites.
For example, they offer bets based on quarterback completion percentages, time to the first touchdown, and basketball shooting percentages. All work well within the PointsBetting system, which further bolsters this unique type of sports betting.
Wagers Offered on PointsBet Sportsbook
In addition to PointsBetting, PointsBet sportsbook also accepts standard wagers based on fixed odds. New to sports betting online? Below are the bet types offered by this online sportsbook:
- Prop bets: wager on a specific player, or team-related event of the game. In other words, a proposition bet. Examples of prop bets include, the first player to score a goal; which team wins the third quarter; how many times Gisele Bündchen will be shown during the Superbowl.
- Moneyline bets: wager on a team to win the game outright. Teams with “plus odds” (e.g. +140) are underdogs – if you bet $100, you’ll get $140 in profit. Teams with “minus odds” are favourites – for instance, to profit $100 off a -160 team, you’d need to risk $160.
- Parlay bets: combination of two or more bets. The odds of these wagers going your way are longer – hit, and you could earn yourself a nice payday.
- Live bets: wager in-game (in-play) as the game begins. Betting options and odds are updated as the game is played live.
- Spread bets: made by equalizing two teams for wagering purposes. The sportsbook achieves this by requiring the better team to win by a predetermined number of points for a bet on that team to cash.
- Over/under bets (totals): wagering on going over or under the total/combined number of expected points of a sports match up.
- Futures betting: wager on a specific player or team-related outcome only settled at the end of the season. The most common form: Betting on which team will win the championship in the upcoming season. These wagers feature astronomical odds.
How to place a bet on PointsBet Sportsbook
After creating your account and receiving your sportsbook promo, start by selecting your favourite sport. After the screen has loaded, click on the “Next Up” tab. Scroll until you find the match you wish to wager on. From this screen, you can click on common bet types like money line or the spread. Or, click on the contest for more options.
At this point, you’ll have two choices – to wager using fixed odds or to choose PointsBetting. Betting on fixed-odds is straightforward. Click on the wager you want, enter your stake, and hit “Place Now”, then “Confirm”.
If you want to give PointsBetting a try, click on the PointsBetting tab. After selecting it, hundreds of markets will be open to you. Once you’ve found one you like, select it. When you enter your stake, remember that you will earn that amount for every point you are right, and lose for every point you are wrong.
Play responsibly and set a stop loss. This move will cap your losses, but it will also place a ceiling on potential winnings. Finally, note that the site will withhold a portion of your bankroll until the bet is settled. With a 30x stop loss, a bet of $5 per point will tie up $150 of your bankroll.
Disclaimer: to comply with state law, users will have to submit to a location check. This feature ensures that gamers from unlicensed states aren’t placing bets illegally. If you don’t consent to a geolocation check, the app will bar you from wagering with PointsBet.
PointsBet Sportsbook Promotions
Some NJ online sports betting sites require promo codes in order to receive the best sportsbook promotions. Browse through the “promotions” section of the site and find well over a dozen active contests available at PointsBet, with no promo code required.
Ontop of various types of betting promotions, we especially liked the “Biggest Parlay Competition.” It promised the winning parlay with the highest price $2,000 cash. With offers like this, we’re confident PointsBet will catch on fast across the USA.
PointsBet Referral Bonus
Betting isn’t the only way to make money on PointsBet. The site also offers finder fees to players who get their friends to make a deposit. After betting through $1,000 and being a site member for 14 days, share your referral link with interested friends. You’ll find it in your “My Account” page – copy and paste it in a message, or on your social networks.
Once a friend deposits a minimum of $50 on PointsBet, both you AND your friend will get $50 in bonus bets! You can earn up to $2,500 in wagers per year doing this.
PointsBet Sportsbook Banking Options 2020
The biggest downfall of PointsBet’s sportsbook is their variety of accepted banking methods. The sports betting site currently only offers four deposit options. Credit cards, PointsBet cards, e-checks, and online bank transfer. The good news is, the deposits are instant, allowing you to make your online sports bet immediately after depositing.
- Credit cards (Visa/Mastercard)
- PointsBet Debit MasterCard
- ACH (e-checks)
- Online Bank Transfer
PointsBet Debit MasterCard. You’ll have to apply for it on their site and have it shipped to an address within 7-10 business days later, you’ll be able to fund your account and make withdrawals with this card.
There are better options out there. E-wallets like PayPal or apps like PayNearMe produce little or no evidence of gaming activity. PointsBet NJ is a newer site and we hope they will adopt these deposit options in the near future.
Withdrawal options from PointsBet are even more limited than their deposit methods. There are only two ways to get money off the site – via bank wire or the PointsBet Debit MasterCard.
- Online Bank Transfer
- PointsBet Debit MasterCard
We recommend using the sportsbook’s PointsBet card. Withdrawals via the PointsBet card process faster, and can be claimed by any ATM that accepts MasterCard debit cards. Furthermore, they offer discretion that isn’t provided by bank wires.
PointsBet Mobile APP
PointsBet USA has kept pace with mobile-friendly online gambling through betting apps. It has a mobile app that works on iOS and Android devices. You can easily download the iOS version via the App Store. However, Android users will need to download their version via PointsBet, as the Play Store forbids real-money gaming apps.
Sometimes, your device may block you from downloading apps from the web. If you cannot download the PointsBet sportsbook app, you’ll need to switch on “Accept Unknown Sources” in your security settings.
Rated B+ For NJ Online Sports Betting
PointsBet has made a big splash in the NJ sports betting market since their July 2018 debut. We’re not going to lie – their depositing and withdrawing options need work. However, their innovative sports spread betting system more than overcomes this deficit. If you’re looking for a new sportsbook to bet with in New Jersey, we recommend checking them out, and make sure to cash in on the $1000 PointsBet bonus with promo code BONUS1000.
Is PointsBet Sportsbook legit?
Yes. In New Jersey, PointsBet is licensed and regulated by the New Jersey Division of Gaming Enforcement. This government agency regularly scrutinizes its operations to keep games fair and customer funds secure.
As such, you can be assured your money is safe with PointsBet.
Do I need a PointsBet promo code?
Yes, you do. Use the bonus code BONUS1000 and you'll get a $500 risk-free bet, and another $500 risk-free bet to use on PointsBetting.
They match your deposit, so for example if you're working with $100 budget, you'll get $50 risk-free normal bet and $50 risk-free PointsBet.
Does PointsBet Sportsbook have a mobile app?
Yes. PointsBet offers a mobile app for both iOS and Android devices. It is easily attainable for iOS users via the App Store. Android users need to download theirs via nj.pointsbet.com/android, as the Play Store bans real-money gaming apps.
I can't find answers to a question I have. How do I contact PointsBet support?
You can reach PointsBet support 24/7 via e-mail ([email protected]), or their Live Chat web app.