PointsBet Sportsbook & Betting App Review | New User Promo | March 2023


5x 2ND Chance

Bets Up To

$50 Each

  • Try the Exciting PointsBetting System
  • Parlay Boosters & Bet Rewards!
PointsBet Sportsbook Rating Overall Rating 5/5
Reviewed by: Mike McDermott

Licensed in the United States


Author’s Take On PointsBet

PointsBet is gaining in popularity among bettors across the US due to its slick mobile betting app, and unique pointsbetting option. Bettors are also automatically enrolled in its rewards program in which players earn points towards bonus bets with every wager made.

PointsBet Sportsbook Overview

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 or over/under bet on steroids (we will get into that later) but also offers a full slate of standard fixed odds betting options as well.

PointsBet Sportsbook Bonuses & Promo Code

PointsBet Sportsbook Promo Information
PointsBet Bonus Code5X50
PointsBet Promotion$50 Second Chance Bet Per Day for 5 Days
Bonus ValidatedMarch 2023
Available StatesCO, IL, IN, IA, KS, LA, MD, MI, NJ, NY, OH, PA, VA, WV

How the New User PointsBet Promo Works

The PointsBet second chance offer is a little different than your standard one-time use second chance bet. PointsBet is giving you a second chance bet up to $50 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 PointsBet promo code 5X50 during the registration process.

Once you are registered and make your first deposit using one of PointsBet’s many safe and secure banking options, just place a bet up to $50, and if that bet comes up a bit short, you will get a second chance via a bonus 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 $50 on the Eagles at +200 and the Eagles win, you will be paid out the $150 as usual ($50 bet + $100 profit). If the Eagles lose the game, you will receive a bonus bet for $50. Bettors can do this for their first five days as a PointsBet customer.

PointsBet Rewards

PointsBet features one of the best online sportsbook rewards programs in the business. Bettors earn points based on their sports wagers these points can be redeemed later for bonus bets. Points are earned based on the following breakdown:

  • $5 Fixed Odds Bet for example spread bet, money line etc = 1 reward point
  • $1 Parlay / Same Game Parlay bet = 1 reward point
  • $1 Live bet = 1 reward point
  • Every dollar won OR lost via PointsBetting = 1 reward point

After players have accumulated at least 250 in PointsBet Rewards Points, they can log in and visit the account section and click on the “Rewards” tab to redeem them for bet credits at a rate of $1.00 per 100 points. Some quick examples:

  • 250 Points = $2.50 Bonus Bet
  • 300 Points = $3.00 Bonus Bet
  • 504 Points = $5.04 Bonus Bet
  • 1010 Points = $10.10 Bonus Bet

Cash Out Or Let It Ride at PointsBet

With Pointsbet partial cash out option bettors can settle their wagers bet and collect some of the bets winnings early or save some of their wager from a bet that is losing. This is a great option when you want to place another bet before the current bet has won or lost or even avoid a backdoor loss.

PointsBet Refer A Friend Program

Have a friend or someone you know who wants to bet? How does an added bonus sound when you refer someone? In addition to the new user bonus when one player refers another player both receive a free $50 bonus bet once the deposit and wagering requirements are met.

Here are some rules and steps to take advantage of the program:

  • The referring player must have joined PointsBet for a minimum of 14 days before making any referrals. 
  • Must have a betting history with PointsBet that includes a deposit and $250 total bets made.
  • Must be registered at an eligible state’s address 
  • Must not hold a current negative balance. 
  • Referring friend must make a cash bet of $20+ to trigger the referral bonus  

How bonus bets work at PointsBet

The most common type of Bonus Bets for PointsBet come as a result of your initial sign-up. If you use the exclusive bonus code 5X50 and sign up through the links on this page, you will receive up to five second chances bets worth up to $250. Terms and conditions apply to these second chance bets, which are given to a user that loses his or her first bet each day for five days. The “second chance” part means that you will get a refund of your bet amount in bonus bets up to $50. You don’t get real dollars back, but bonus bets work very similar to real dollars at PointsBet.

These will be visible in your account under “Bonus Bets”. It is extremely important to remember that bonus bets must be wagered within seven days of being put in your account. To reiterate, bonus bets essentially have an expiration date at PointsBet and you have to wager that amount within seven days or the bonus funds will disappear.

Winning bonus bets turn into real money. Unlike a standard bet, in which a bettor would also get the stake refunded, players that win bonus bets only get the winnings. For example, if you bet $100 in real money on an even money bet (+100), you would get your $100 for winning and get the $100 you bet back into your account. With a Bonus Bet, you only get the winnings. So, a bonus bet of $100 on an even money line at +100 means that you would get $100 if you win. The Bonus Bet goes away.

A really important distinction between PointsBet and a lot of other sportsbooks is that the bonus bets do not have a rollover amount. With bonus funds at a lot of sportsbooks, a “rollover” is required, which means that you must bet a certain amount of money before you can withdraw. Some US sportsbooks have a 5x rollover, which means that you have to bet 5x of your bonus money winnings before you can request a withdrawal. Some are even as high as 25x!

PointsBet does not have a rollover requirement. If you win your bonus bet, that money is immediately eligible to be withdrawn. The only requirement at PointsBet is that you must rollover your initial deposit one time. So if you deposit $100 real money dollars, you are required to place at least $100 worth of bets before you can withdraw. bonus bets do not have that requirement.

Let’s be honest. You can read about how PointsBet Bonus Bets work or you can sign up and find out for yourself. You will be eligible for Bonus Bets if you use the Pointsbet bonus code 5X50 to sign up.

Along with the bonus bets and all of the other promotions, PointsBet offers spread betting, as well as the revolutionary PointsBetting system, so there are a lot of perks and attractive features to having a PointsBet account.

Where is the PointsBet Sports Betting App Available?

PointsBet is continually expanding across the US as more and more states legalize online sports betting. Currently, customers in 13 states can download the PointsBet app and place wagers, they include:


Licensed by the Colorado Department of Revenue and through a partnership with the Double Eagle Hotel and Casino in Cripple Creek PointsBet launched its online sportsbook in November 2020.


PointsBet gained it license from the Iowa Racing and Gaming Commission by partnering up with the Catfish Bend Casino in November 2019.


A deal with the Hawthorne Race Course propelled Pointsbet to open 4 sportsbooks in the state as well as access to a betting license from the Illinois Gaming Board in September 2020.


PointsBet launched in Indiana in March 2020 after signing a partnership with Hollywood Casino in Lawrenceburg while being the official sports betting partner of the Indianapolis Colts and the Indiana Pacers.


September 1, 2022, was the day Pointsbet kicked off their launch into Kansas through a partnership with Kansas Crossing Casino & Hotel.


PointsBet launched in Louisiana in September 2022, partnering up with Penn National Gaming to provide its betting app to 55 of 64 parishes in the state..


Pointsbet launched its online betting app as well as a retail sportsbook on the Riverboat Casino on the Potomac in November 2022.

New Jersey

New Jersey was the first state PointsBet launched in the US back in January 2019, since then they have rapidly expanded across thirteen different states.

New York

PointsBet was one of the lucky nine to be awarded a NY sports betting license by the New York State Gaming Commission in January 2022.


PointsBet rang in the New Year with its launch in Ohio on January 1, 2023 partnering with Hollywood Gaming.


While online sports betting has been legal for years, PointsBet is a newbie to the state having launched in February 2022.


PointsBet didn’t launch immediately, in Virginia when sports betting first legalized in April 2020 but arrived over a year later in December 2021.

West Virginia

PointsBet debuted in West Virginia in August 2021 but took till January 2022 to launch its online casino in the state.

How to sign up at PointsBet Sportsbook

Time needed: 6 minutes.

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

  1. Click on any of the many links on this page and you will be taken to the PointsBet landing page.

  2. Click Sign Up Now and enter your information when prompted.

  3. The promo code should automatically be entered, but if not, enter the code 5X50 when prompted to lock in the best new player promo.

  4. 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.

  5. Place your first bets and if they come up short, you will get them fully refunded in the form of bonus bets.

Banking with PointsBet Sportsbook

It is important to note that banking options may vary by state, but the most popular methods for deposits and withdrawals at PointsBet 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. Some states do not permit deposits via credit card.
  • 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.
  • E-Check: This is another form of online banking transaction that bettors can use to fund their accounts or withdraw funds to their bank accounts.
  • Paynearme: Bettors can make deposits with cash in-person using Paynearme.

PointsBetting what is it and how does it work?

While most people are now familiar with standard odds betting such as moneyline, spreads, totals and props, PointsBet takes betting 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 or total 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 over 200 total points scored, you could win or lose $500 on a $10 bet. If you bet “over” your winnings increase the higher the total 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 or 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.

PointsBet sports betting promotions and news

A look at ways to use PointsBet across different platforms

Once you register a new account on their website using the promo code 5X50, 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. Bettors can 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.

You can also 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.

Types of bets you can make at PointsBet Sportsbook

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

PointsBet has something for everyone

PointsBetting may take some getting used to, so it is a danger for beginners perhaps. But there are also great rewards 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, and is the main attraction at PointsBet.

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.”

Why should I sign up at PointsBet Sportsbook?

PointsBet has all the traditional gaming you could want in an easy to use website and app. The addition of the new and different pointsbetting concept makes it even more interesting. Pointsbetting is fun to play with and adds a new level of fun to sports gambling. 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 use, but you will need to have an understanding of how online gaming works even if you go the traditional route. PointsBet is certainly something to try if you are interested in online sports betting, as it tends to have something for everyone.