PointsBet Promo: 2022

PointsBet joined the US market in 2019 and rapidly grew in popularity by cropping up across various states with legalized sports betting. The sportsbook is neatly put-together, with a modern betting interface and plenty of information to help you get started.

The most unusual thing about PointsBet is its unique use of PointsBetting wagers, but more about that later.

First, what is the PointsBet promo?

The PointsBet promo is one of the best and most unique sign-up bonuses on the market. If you sign-up using the link above and the exclusive PointsBet promo code ODDSPB, you'll get your first two bets risk-free up to $2,000. 

How does that work? The PointsBet sign-up bonus gives you up to $500 back in free bet credits if your first fixed odds wager loses - that's PointsBet lingo for regular bets.

On top of that, you can get up to $1,500 back in free bet credits for your first PointsBetting Wager.

For bettors who are looking for the best value, our odds comparison tool shows the best odds for all the major sporting events across a variety of sportsbooks. Be sure to check it out to ensure you are not missing out on the best offers and to see how PointsBet compares against the rest. 

PointsBetting Explained

We know what you're thinking: What the heck is a PointsBetting Wager, and how does PointsBetting work? Glad you asked! 

PointsBetting wagers are an exclusive feature on PointsBet that is similar to trading options in the financial markets. This concept of a high-risk, high-reward form of betting was pioneered in the 90’s with various degrees of success.

How it works is that instead of placing a fixed wager at fixed odds, your wins or losses are based on how right or wrong you are. The closer you are to the correct result, the more you win, but the further away you are, the more you lose. You never know exactly how much you'll end up with until the whole event comes to an end.

PointsBet explains this while offering a calculator that breaks the system down for you. Here's a quick example:

You bet $10 that the total points of the New York Knicks will be over 150 points.

Suppose we imagine the game ends at 160 points. In that case, your bet has exceeded the predicted game score by 10 points (160 - 150 = 10).

As your bet is $10, you're looking at 10 X 10, or $100 profit.

A nice profit, but as you may have noticed, if the game ends below the bet at 140 points, this would be flipped, and you'd be - 10 below the bet, which is a $100 loss.

High-risk, high-reward indeed. Or high losses if you're wrong. If you want to give this part of the PointsBet sign-up a try, please ensure to wager responsibly, as things can go south pretty easily. We suggest low-scoring sports such as hockey, baseball, or soccer - PointsBet has some unique sign-up promos for those: 

How do we rate the PointsBet sign-up bonus on our bonus rating system?

The PointsBet promo has scored a healthy 70 (out of 100) on our bonus rating system, you can find our full PointsBet sportsbook review here. The biggest drawback is that the $2,000 PointsBet promo is conditioned to trying out the PointsBetting wagers, which may not suit your risk appetite. 

Otherwise, if you stick to fixed-odds betting, you get a risk-free bet of up to $500, which is excellent but not as impressive as the $2,000 headline. 

Other important terms are that you have 7 days to use your free bets before they expire and that there is only a 1x rollover requirement. You must use the ODDSPB PointsBet promo code to get this. 

We'd recommend you take advantage of the fixed-odds part of the sign-up bonus ($500) and try out the PointsBetting wagers after you've done some more research. If you pick a low-scoring sport and stick to a decently-sized stake, you can have fun with it knowing that the PointsBet promo will likely cover your losses. 

How do we rate bonuses? 

We know sportsbook bonuses are designed to catch our eyes and that sometimes there can be more fluff than substance. So, we used all of our sports betting knowledge and created a system to cut through the hair and answer a simple question: Is this offer as good as it sounds?

Here's what we look at when we analyze bonuses:

• What is the advertised monetary value of the promo? Generally, the bigger, the better, as long as you can get it.
• What is the deposit to bonus ratio? Deposit $5k to score a $500 free bet is not ideal. A 1:1 ratio is pretty standard for sportsbook promos. However, if you look long enough, you'll find hidden gems that give you higher returns. Check our bonus lists for those! Hint: the hidden gems usually score more than 90 on our rating system.
• Do you get the bonus in one go, or is it released incrementally? The simpler, the better, so it's best to get everything in one shot.
• How much time do you have to use that bonus or free bet? The longer you have, the better.
• Finally, is it a risk-free bet, or is your bonus not conditioned by losing your first bet? Risk-free bets are not relatively risk-free as you still need to lose your first bet. On top, the parity between cash and free bets is not quite 1:1. That's why we believe it's always better that the promo is not conditioned to lose the first bet. Risk-free bets still provide you with proper insurance for a chance to build your bankroll.

As you can see above, the PointsBet sign-up bonus offers plenty of value, and we would recommend you give it a go if you don’t have an account with them.

Depositing and withdrawing with PointsBet

PointsBet offers a wide variety of payment options. There could be an opportunity to add some more eWallet options like Skrill. Still, PointsBet will likely have you covered when it comes to your favorite payment option.

Deposit options:

• VISA/Mastercard
• PayPal
• PayNearMe
• Online banking
• ACH / eCheck
• Credit / Debit card (credit card not accepted in IA)
• Cash options (vary by state)

FAQ

What is the PointsBet deposit code?

The PointsBet promo code is ODDSPB. Make sure you add it to get the $2,000 PointsBet sign-up offer.

How does PointsBet work?

PointsBetting wagers are an exclusive feature on PointsBet that is similar to trading options in the financial markets. 

How it works is that instead of placing a fixed wager at fixed odds, your wins or losses are based on how right or wrong you are. The closer you are to the correct result, the more you win, but the further away you are, the more you lose. You never know exactly how much you'll end up with until the whole event comes to an end.

PointsBet explains this while offering a calculator that breaks the system down for you. Here's a quick example:

You bet $10 that the total points of the New York Knicks will be over 150 points.

Suppose we imagine the game ends at 160 points. In that case, your bet has exceeded the predicted game score by 10 points (160 - 150 = 10).

As your bet is $10, you're looking at 10 X 10, or $100 profit.

A nice profit, but as you may have noticed, if the game ends below the bet at 140 points, this would be flipped, and you'd be - 10 below the bet, which is a $100 loss.

High-risk, high-reward indeed. Or high losses if you're wrong. If you want to give this part of the PointsBet sign-up a try, please ensure to wager responsibly, as things can go south pretty easily. We suggest low-scoring sports such as hockey, baseball, or soccer - PointsBet has some unique sign-up promos for those: 

Are PointsBet deposits free?

There are no fees charged by the operator when you make deposits. However, you should remember that some banks, card issuers, or eWallets may charge a fee when you use them to fund your account here.