Pointsbet Review and Bonus Offers
- Bonus : $
Spread betting has arrived in Australia in the form of brand new online betting agency Pointsbet. The first of its kind on our shores, Pointsbet brings the excitement of spread betting to an online format for Aussies punters, who can now ride every point, goal or stat, regardless of the result, until the very end of the contest. If you don’t already know what spread betting is, we’ll go into it in a little more detail in our Pointsbet review below, including details of a Pointsbet bonus!
Before we run you through the Pointsbet features, it’s crucial that you understand spread betting and how it works. If you don’t have that understanding, there is potential to lose a lot of money through spread betting without even knowing it.
Spread betting is tricky to wrap your head around at first, but when get the hang of it, it’s arguably one of the most fun, and (sometimes) profitable, types of betting! For every market, Pointsbet will nominate a “spread”. It’s your job to determine whether the stat or unit of measurement in the game will be higher or lower than the spread offered. If you pick correctly, you’ll win your stake multiplied by the number of points the result was over/under the spread! So a winning result can be quite profitable! The catch is that if you take the wrong side then you’ll lose your stake multiplied by the points difference. So the swings in spread betting can be pretty dramatic. But, of course, you can set a maximum exposure or loss within this.
Now that you’ve got the gist of it, we’ll run you through some of the features of Pointsbet and the markets they offer. Pointsbet have done really well to open with a wide range of sports on offer, currently you can bet on anything from AFL, NRL, Cricket, NFL, NBA, MLB, Soccer and a heap more. With the growth of spread betting, we expect Pointsbet to expand its markets as the concept increases in popularity as well. Pointsbet have also recently added fixed odds racing to their website, and offer some great cash back promos with major metro meets during September (more info below).
When you arrive at the Pointsbet homepage, you’ll be greeted by a bunch of highlighted events and markets they have on offer as well as a slider with their current promotions. In the top right corner of the page you’ll have the option to sign up or log in. Signing up is simple and verification of your account simply requires you to send a photo of your ID and credit card to the verification email supplied. For all of you more experienced punters, Pointsbet have the option to set up a credit line, while credit card and bank transfer options are also available to deposit/withdraw.
Spread betting can be risky at times and we encourage you to make sure you fully understand the way it works before creating an account with Pointsbet and having a crack at it. But if you are a seasoned punter and already have a handle on it, then we definitely recommend Pointsbet as it makes even the most boring of sports, immensely fun to watch!
The one negative we can find with Pointsbet is that their minimum stake price is $1. That already rules out a lot of customers as many wouldn’t want to risk such large swings. In some markets, a $1 stake could see the potential for the customer to win or lose up to several hundred dollars. So we only recommend Pointsbet for the more experienced punters.
Pointsbet Australia – Positives
* New and exciting format, first of its kind in Australia
* Great racing and sport promos
* Easy to deposit/withdraw
* Great customer service
Pointsbet Australia – Negatives
* Huge variance - potential to lose more than stake
* $1 minimum stakes
Pointsbet Australia Bonus Offers
Pointsbet no longer offer a first deposit or sign up bonus. They do, however, have some amazing promos that are arguably the best in the industry including their brand new horse racing cash back promo and of course their weekly sporting cash back promos.
Racing Cash Back Promo
To celebrate the introduction of fixed odds racing at Pointsbet, they are offering punters up to $100 cash back if their horse runs second in any major metro meet, for all of September! (excluding Adelaide). The promo is available for every race at every meet, not just nominated races like other agencies offer, and will deposit real cash, instantly withdrawable into your account, not bonus bets!
Sporting Cash Back Promos
AFL, NRL and NFL - $500 cash back every week! Each week the promo will be defined on Monday/Tuesday for that week’s game. It is always based on event eg. If Buddy Franklin kicks 4 or more goals (or Dusty has 30+ possessions), this will activate the promotion (usually based on an event around the $1.70 mark).
Editor's note: Take care when signing up to new sports betting agencies. Be sure to read all terms and conditions of any bonus offers, deposit/withdrawal requirements and identification verification on each respective site, as some of the information on this page may be outdated. Before You Bet will do their best to keep this page up to date, but takes no responsibility for any information on this page being incorrect.
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