PointsBet Promo Code and Review | Get Five $100 Risk-Free Bets | November 2022

PointsBet first made landfall in the US sports betting market via New Jersey in 2019 and has since expanded their reach to several states throughout the country. The Australian-based sportsbook stands out through their exclusive PointsBetting system, which is basically a spread bet on steroids (will get into that later) but also offers a full slate of standard fixed odds betting options as well.

PointsBet Sportsbook Signup Promo & Bonus CodePromo Information
PointsBet Bonus CodeSX5X100
Risk-Free Bets$100 Risk-Free Bet Per Day for 5 Days
Bonus ValidatedNovember 2022
Available StatesCO, IL, IN, IA, MI, NJ, NY, PA, KS, LA, VA, PA

How the PointsBet Promo Works

The PointsBet second chance offer is a little different than your standard one time use risk-free bet. PointsBet is giving you a risk-free bet up to $100 per day for your first five days as a new customer. There is no opt-in necessary to trigger this promo, but you will need to use code SX5X100 during the registration.

Once you are registered and make your first deposit using one of PointsBets many safe and secure banking options, just place a bet up to $100, and if that bet comes up a bit short, you will get a second chance via a free bet matching the amount of that first bet. You can then repeat the process each day for five days.

For example, if you register a new account, and bet $100 on the Eagles at +200 and the Eagles win, you will be paid out the $300 as usual ($100 bet + $200 profit). If the Eagles lose the game, you will receive a free bet for $100. You can then repeat the process each day for the first 5 days.

StateBonus OfferRetail PartnerActive Since
ArizonaComing SoonN/AComing Soon
Colorado5 x $100 Risk-Free BetsDouble Eagle Hotel and Casino2020
Illinois5 x $100 Risk-Free BetsHawthorne Race Track2020
Indiana5 x $100 Risk-Free BetsHollywood Casino2020
Iowa5 x $100 Risk-Free BetsCatfish Bend2019
Kansas5 x $100 Risk-Free BetsKansas Crossing Casino2022
MarylandComing in 2023Riverboat on the PotomacEstimated Early 2023
Michigan5 x $100 Risk-Free BetsNorthern Waters Casino2021
New Jersey5 x $100 Risk-Free BetsMeadowlands Racetrack2019
New York5 x $100 Risk-Free BetsNo Partner2022
Pennsylvania5 x $100 Risk-Free BetsHollywood Casino in York2022
Virginia5 x $100 Risk-Free BetsColonial Downs2021
West Virginia5 x $100 Risk-Free BetsHollywood Casino Charles Town2021

Registering a new PointsBet Sportsbook account is quick and easy. It takes just a few minutes and is similar to signing up for any new account such as Amazon or Ebay, but with a bit more information needed. Follow the instructions below, and you will be betting in minutes.

  • Click on any of the many links on this page and you will be taken to the PointsBet landing page.
  • Click Sign Up Now and enter your information when prompted.
  • The promo code should automatically be entered, but if not, enter the code SX5X100 when prompted to lock in the best new player promo.
  • Your identity will be quickly verified and you can then make your first real money deposit using one of the many safe and secure deposit methods.
  • Place your first bets and if they come up short, you will get them fully refunded in the form of free bets.

It is important to note that banking options may vary by state, but the most popular methods for deposits and withdrawals are:

  • PayPal: Anyone who shops online is familiar with PayPal. Use your existing account, or sign up for a new PayPal account, for quick and secure deposits and withdrawals.
  • Trustly Online Banking: Sign in to your online banking account via Trustly for instant and secure deposits and to withdraw your winnings direct to your bank account. There is a long list of banks that are eligible, and you can check to see if your bank is available in the cashier section of PointsBet.
  • Visa/MasterCard: Use your debit or credit card for instant deposits.
  • Play+ Card: When you sign up for a Play+ card in the PointsBet cashier, you can instantly load up the card with your bank account, credit card or PayPal account. You will receive the physical card in the mail within two weeks and that card can be used at any ATM or anywhere that Discover is accepted.

While most people are now familiar with standard odds betting such as moneyline, spreads, totals and props, PointsBet takes it to a new level with their unique feature that they call PointsBetting. PointsBetting is not for the faint of heart and can be a wild ride. Think of it as a spread bet on steroids where you are rewarded (or punished) for how right (or wrong) you are. You can set limits on how much you can potentially win or lose to keep your bankroll intact if your bet goes wrong.

For instance, if you have a bet that an NBA game will have 200 total points scored, you could win or lose $500 on a $10 bet. If you bet “over” your winnings increase the higher it gets. This can be easily translated to any sport. The cool thing is, it really isn’t over until it’s over. Often the amount of your bet — the $10 above — increases incrementally. You may also do a $1 bet. If In the above example, if you bet the teams would score more than 200 points you win. If they score 201 you would win $10, if they score 202, you would win $20 and so on. If they were to score 220 you would win $200. If you lose it works the same way, going incrementally on each point scored.

Potentially you could also have a quick reversal at the end if a large deficit was wiped out and the winning team kept pulling away.

As previously mentioned, PointsBetting can be a wild ride and with this in mind, there are a couple of ways to control your losses. The amount you bet to start with controls the outcome to a large degree. If you bet $10 per point, that can go up or down fast. If you bet $1 per point the extremes are avoidable. The website also has a “stop-loss feature.” This is a cap you place on the bet before the game begins. You set a limit on how much you can lose, but that also sets a limit on how much you can win.

Once you register a new account on their website using the promo code 5X5X100, you can continue to bet on your computer or download their mobile app that is available on both Android and iOS powered devices.

PointsBet Browser-Based Sportsbook

At first glance, the browser-based online sportsbook can seem a bit confusing, but after placing just a few bets, you will get used to the layout. Easily access all the betting markets, promos, boosted odds, and top matchups with the convenient fold out menu on the left and all the top live betting markets right down the middle.

Easily access your betslip, log in, register a new account and more in the top right corner and PointsBet lets you see what games are coming up next on the left side of the screen. Once you add bets to your betslip, it will appear just right of the next up category. All in all, the PointsBet desktop sportsbook is easy to use, quick and fun.

PointsBet Mobile App

The PointsBet mobile app is basically a shrunk-down version of the desktop version. PointsBet does a great job of utilizing all the space on the smaller screen without making it seem too busy. They utilize hamburger menus and buttons along the bottom of the screen to quickly navigate where you need to go.

An added feature that you can access on the mobile app that is not available on the desktop version is the ability to use FaceID on your mobile device to log in. Betting on the go has never been easier than using the PointsBet mobile app.

PointsBet betting markets will vary by state due to local regulations, but does offer a full slate of betting markets including but not limited to:

  • Aussie rules football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Football
  • Golf
  • Hockey
  • Mixed Martial Arts
  • Motorsports
  • Rugby Union
  • Soccer
  • Snooker
  • Table Tennis
  • Tennis
StateLocationCity
ColoradoDouble Eagle Hotel and CasinoCripple Creek
IllinoisClub Hawthorne CrestwoodCrestwood
IllinoisClub Hawthorne Prospect HeightsProspect Heights
IllinoisHawthorne Race CourseStickney/Cisero
IowaCatfish BendBurlington
MarylandRiverboat on the PotomacColombia
MichiganNorthern Water Casino ResortWatersmeet

This new type of wagering may take some getting used to, so it is a danger for beginners perhaps. But there are also great reward and options for just about any taste. You can wager on hundreds of games, and have hundreds of kinds of bets on each of those games, so the options are nearly endless. Traditional gambling is still a big part of the picture, so that is also an option.

The folks at PointsBet are also brave. They are taking on or inviting, the high rollers or “sharps” as they are called. These are people who are essentially professional gamblers and they win often because of the expertise they have developed. Many gambling sites or locations limit these people or ban them outright.

Instead of turning these people away, Pointsbet is guaranteeing $10,000 worth of action. This is being done to attract high rollers, many of which would be classified at “sharps.” While some sites shy away from these people, PointsBet says “bring ’em on.”

Pointsbet has a rewards program for United States customers that may keep you coming back. For fixed-odds wagering, you get a point for every $5 wagered. For parlays, you get one point for ever dollar bet. Pointsbetting is a bit different in that it pays a reward point for every dollar won or lost.

Points can be redeemed for free bets. 100 points earn you one dollar in gambling credit. You will have to get 250 points before you get your first payout, which will be $2.50 in free bets.

Pointsbet has all the traditional gaming you could want in an easy to use website and app. The addition of the new and different points betting concept makes it even more interesting. The new way should be fun to play with and adds a new level of fun to the sport of gaming. While there is some added risk, people who are responsible and aware of how the system works should not have a problem.

The app itself is easy to you, but you will need to have an understanding of how online gaming words even if you go the traditional gaming route. It is certainly something to try if you are interested in online gaming. It is especially interesting if you like high-risk, high-reward type gambling.