• Show Betting System
• Betting Point Spread Explained
• Points Betting System Calculator

PointsBet is a relative newcomer to the legal online betting scene and has generated a considerable amount of interest. The brand is known for its unique points betting system that is different than fixed odds. In addition, they offer bonus deals for new customers, a mobile app, and other features we've come to love in online sports gambling. Read our updated 2021 honest and unbiased PointsBet review and take advantage of our special PointsBet promo code offer below.

VegasInsider PointsBet Sportsbook Rating

The most common betting line for a point spread is -110. A -110 line on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is. Arbitrage Betting. Sports Arbitrage betting is something that I still use on the occasion as part of my. Our method, points betting system explained and recording of results: Our selections are advised in points scaled 1 -10, 1 point being the smallest unit stake and 10 points the largest unit.

Initial PointsBet Review Thoughts

If you are new to betting or a seasoned vet, there are several reasons PointsBet has major appeal. First off, it is available in several states. PointsBet New Jersey, PointsBet Indiana, PointsBet Michigan, PointsBet Indiana, PointsBet Illinois & PointsBet Colorado are already here with more states potentially coming soon.

PointsBet Michigan is currently in pre-launch so stayed tuned for exciting bonuses and offers as we get closer to legal Michigan sports betting!

Secondly, the amount of prop player bets on the betting page is superior to any we've seen to date. Hence the name PointsBet, player points betting is a unique wrinkle on the typical spread sports betting (although that is also available on PointsBet). For example, you can be on how many points, rebounds or assists LeBron James will have on a given night. You can bet on how many yards Patrick Mahomes will have against the Green Bay Packers, there are endless amounts of point bets that can be wagered on with PointsBet. With sports betting become legal in various states across the country, the betting market has become saturated with different betting platforms that offer a very similar product. PointsBet is a refreshing twist on this concept and should be looked at.

In addition, PointsBet is considered one of the safer legal betting platforms in the United States. In addition, PointsBet constantly is coming up with creative offers for new and existing customers to continue having bettors return to the sportsbook.

PointsBet Welcome Offer

The brand actually has a few different welcome bonuses. And that is part of why it gets such a high rating for this section. So, if you want to create an account with PointsBet Sportsbook, you can choose from a lot of bonuses.

The sign up offers that are available on the online sportsbook are:

Exclusive Signup Offer

Right now, use the exclusive PointsBet promo code VIRFBET by clicking any of the links on this page and get up to a $500 Refund (in Free Bets) if your 1st Fixed Odds Bet loses. Get up to a $1,500 Refund (in Free Bets) if your 1st PointsBetting Bet loses. New Customers Only! Naturally, terms and conditions apply. Make sure to read all bonus terms before claiming any offer.

Customers should make sure to check on the online sportsbook to confirm which promotions are offered as they can sometimes change. Even so, the online sports betting site will most likely have a type of new user promotion that is similar to the promotions that have been covered in this guide. This is to make sure that new users are attracted to the site.

Signup Bonus Offer

When creating a new account, a new customer can get up to a $500 Refund (in Free Bets) if your 1st Fixed Odds Bet loses. Get up to a $1,500 Refund (in Free Bets) if your 1st PointsBetting Bet loses. New Customers Only! And before depositing, new players using code VIRFBET at signup. Remember, every promotion has its own terms and conditions. They determine how a user is able to spend the bonus money in a way that allows you to keep it. This is also known as a wagering requirement. Bettors will want to meet the wagering requirements in order to keep the bonus cash.

What States Can You Bet Online with PointsBet?

PointsBet Colorado (CO)

With sports betting set to launch May 1st, Colorado approved the first sports betting licenses and PointsBet was first through the door. PointsBet Colorado received the green light to get started sports betting in Colorado in November, 2020. Also, Pointsbet has signed a partnership with the Double Eagle Casino. So, expect PointsBet Colorado to launch exciting new promotions soon.

PointsBet Indiana (IN)

PointsBet launched in Indiana in March 2019 just in time for March Madness. The PointsBet app works the same in Indiana as it does in NJ. Naturally, the PointsBet Indiana app is available for both iOS and Android. Place wagers on the PointsBet Indiana app on college sports as well as the NFL, NBA, NHL, and MLB. Get the app today to be ready to bet on events such as March Madness! Depending on the time in the sports calendar, perhaps NFL playoff betting or NBA futures betting is the way to go. Indiana sports betting has emerged as on of the better betting states in the entire United States and PointsBet Indiana is a key reason why.

PointsBet New Jersey (NJ)

PointsBet officially launched in New Jerseyin January 2019. This marks PointsBet’s first entry into the US market. Since 2017, PointsBet has been operating in Australia. PointsBet offers all traditional types of bets plus a new betting system called points betting for high-risk, high-reward types of wagers. The PointsBet app is available now for anyone in New Jersey, Indiana, Illinois and Iowa.

PointsBet Iowa (IA)

Just like in NJ and Indiana, PointsBet Iowa is offering the same great welcome offer. That's right, get up to a $500 Refund (in Free Bets) if your 1st Fixed Odds Bet loses. Get up to a $1,500 Refund (in Free Bets) if your 1st Iowa PointsBetting Bet loses. New Customers Only!

Note, however, there is one key difference in signing up with PointsBet in Iowa. Currently, the Hawkeye State still requires in-person registration to finish the process. So, make sure once you go through the online registration form you get yourself over to Catfish Bend Casino to complete your new registration. Once that's done, you get the same welcome bonus, as stated.

PointsBet Illinois (IL)

PointsBet launched in Illinois in September 2020 just in time for the 2020 NFL season. Illinois became the fourth state for to launch PointsBet, following launches in New Jersey, Iowa, and Indiana. In addition to starting the PointsBet mobile app and digital product, PointsBet Illinois will have a retail presence in Chicago soon. The PointsBet Illinois debut will be at four sites in Chicago. Hawthorne Race Course (Stickney, IL) represents the flagship retail location, and additional off-track betting (OTB) premium sportsbooks will debut in Prospect Heights, Oakbrook Terrace, and Crestwood. With all these different PointsBet locations within Illinois sports betting, it's hard to not get in on the legal sports betting action!

PointsBet Promo Code

The PointsBet promo code is always changing with the sports season. However, the online sportsbook typically has some great promotions offered. So, you will most likely enjoy any PointsBet promo code that you redeem.

The brand does makes it easy to redeem a PointsBet promo code. Typically, you will be able to redeem it just by entering the code when prompted. Then, you should make sure you meet any wagering requirements to keep the bonus.

So, when you find a promo code for the online sportsbook, you will want to do your research. Make sure you are able to meet the terms and conditions. And then, you will get the most out of your PointsBet online promo code.

How to Sign Up at PointsBet

Getting started at PointsBet is simple and as long as you are over the age of 21, you can create a new member account and start wagering on your favorite sports. This betting site offers amazing ways to wager and win and you will also be able to take advantage of some great bonus offers. Below, you can learn the step by step process of creating a new account and you will instantly be able to begin wagering. Be sure to enter any available bonus codes when signing up to take advantage of free bets and more at PointsBet!

1. Visit the site on your desktop or mobile device and click on Sign Up to start the registration process.
2. Enter all required information including your full name, address, date of birth, username, password, SSN, and phone number.
3. Enter the bonus code in the box provided.
4. Complete the registration to open a new account.
5. Visit the PointsBet cashier to select your payment method and make your first deposit.
6. Start wagering and winning with the best odds and great market coverage.
7. Keep in mind, you must be in either New Jersey, Indiana, Iowa, Illinois or Colorado to use PointsBet at this time.

How the Points Betting System Works

Placing wagers at PointsBet is simple and rewarding. When you access the site using your login information, you will see a complete list of sports listed on the left of the screen. To place a wager, you will choose your preferred sport. You will then see the bet types that can be placed. All of the current odds will be displayed beneath each bet type. Choose one of these and an amount to wager. Your bet will be added to the bet slip and you can enter multiple bets. Once all information is in the bet slip, simply submit your wager.

All payouts will be automatically credited to the account when the bet is settled. At PointsBet, you will find the unique points betting option. This is different from fixed odds as your wins or loses will not be fixed, but will be variable amount. This form of betting allows you to win more, but you can also lose larger amounts, so use the option with caution. For example, if you choose points betting and your bet wins by a single point, you win 1x your wager. Winning by 2 will result in a 2x wager. This same formula is used for losses.

In addition to PointsBetting, you will also find traditional bet types supported, including money lines, point spreads, player props, team props, game props, and point totals.

Other PointsBet Sportsbook Offers

After you have created your account and have taken advantage of the risk-free bets worth up to $1000, you can redeem any other promotion that is provided. The Promotions page will contain all available offers and these are all redeemable with a real money account. The promotional offers will all be based on current sports that are in season and you will find some great offers that can enhance your betting experience.

PointsBet currently has some special offers for the World Series, including the Let it Fly Homers bonus. With this, if you place a minimum bet of $50 on a pre-game moneyline, you will get $10 in extra bets for each home run your selected team hits.

The NFL Loyalty Program is a great current offer that can be enjoyed when placing any NFL wager. Here, you will earn bonuses as you place bets. Just place 25 bets to get a $100 bonus, 50 bets for a $200 bonus, 75 bets for a $300 bonus, and 100 bets for a $500 bonus.

Looking to wager on NBA games? The Make it Rain promotion is a great offer where you will get $3 for every three-pointer that your team makes in a game. To benefit from this promotion, you must place a $100 point spread wager.

PointsBet Sportsbook has a special promotional offer that begins on every Friday night at 6:00 pm ET and runs up until Sunday at 1:00 am ET. That special bonus offer is called “No Juice Saturdays”. Instead of putting the typical -110 next to the spread that you see in most sportsbooks, PointsBet Sportsbook will not take a cut. All the games are lined at +100 during that time, so there's a much more lucrative payout.

These are just a few of the amazing offers that can be redeemed when you open and fund your account at PointsBet. Watch for new promotions to be added as the NFL and NBA seasons are played.

Betting Markets & Available Sports

PointsBet online sportsbook has a great selection of sports available. For the most part, any sport that you can think of is available on PointsBet Sportsbook. So, customers should be quite happy with the selection offered.

Betting Markets

• Basketball
• Ice Hockey
• Baseball
• Soccer
• Tennis
• Football
• MMA
• Golf
• Boxing
• Aussie Rules
• Rugby Union
• Cricket
• Cycling
• Darts
• Motorsports

Typically, the online sportsbook offers promotions centered around many sports events during the year. So, you can make the most of your bets by waiting for these promotions. And, you can typically find a promotion offered for your favorite sport.

Points Betting Explained

As its name suggests the brand is a sportsbook that specializes in points betting. Points betting is not the same as traditional sports betting. When you place a points bet, the profit or loss you can get from a bet is not fixed until the end of the game.

In the event that the bet a customer places wins by one point or unit, the customer should win one times the stake. If the bet wins by two points or units, the customer will then win twice the stake placed. And so on and so forth.

However, if the bet loses by one point or unit, the customer would lose one time the stake. It the bet loses by two points or units, the customer would lose twice the stake. And so on, and so forth.

Other Bets Offered

There is also a range of bets offered based on minutes or seconds in games. PointsBet NJ sportsbook specializes in the types of NBA bets and games that it has. Some of the NBA bets offered on the website are not offered anywhere else.

The brand also has outright win bets like many other sportsbooks. And, more specialized bets like the first team to score, time of the first penalty, and time of first shot - just to name a few. So, you can really place a wide variety of bets that are not offered on any other sportsbook. Plus, you can place the bets you may be used to from other online sportsbooks.

PointsBet Odds

The PointsBet Sportsbook offers moneyline odds or American odds on the website. The odds that are listed are comparable to the odds listed on other online sportsbooks. So, that is a good sign when looking to create an account with this online sportsbook website.

However, because the online sportsbook has its own types of bets that are unique to the site, there are different odds as well. The brand has odds listed that are exclusive to the types of bets that they alone offer. So, it is impressive to see such a wide variety of odds used.

Show Betting System

The website offers the points spread odds, the total odds, and the moneyline or American odds for different sporting events. Most events have all three listed. So, this will help to inform the bets you want to place.

For instance, the Boston Red Sox will be facing the San Diego Padres. We will look at the Moneyline odds for this sporting event. The Boston Red Sox have -131 Moneyline odds to win the game. The San Diego Padres have +111 odds to win the game.

So, that means that if you place a bet on the Boston Red Sox to win the game, we can figure out what your profit will be if they win. Say you place a stake of $100 on the Boston Red Sox to win. The payout you would receive in the event of a win would be $176.

Now, say that you placed a bet on the San Diego Padres to win the game. And, say that you place the same stake of $100 on the game. The payout that you would receive would be $211.

Streaming and Live Betting on PointsBet

Now, this is where the PointsBet website is lacking. Unfortunately, at this time, the operator does not have a live stream option. So, this lowered its overall rating in this review.

However, the PointsBet website does offer live in-game betting. So, this improves the live rating for the online sportsbook. And, it does make it more exciting to place bets using the online sportsbook.

PointsBet Mobile App

The PointsBet app is available on both iOS or Android. However, keep in mind that the Google Play store does not yet allow real money betting apps. So, you will have to find it on the website to download it. In order to download the app, you need to have sufficient memory on your device and have an up to date operating system.

You can use the PointsBet app to place real money bets as long as you are in New Jersey, Illinois, Indiana, Iowa, Colorado and now Michigan. Naturally, you must be of legal betting age (21+). So, the mobile app does a great job of recreating the same features and feel of the desktop website.

PointsBet Payment Options

Now, this is another section where the PointsBet sportsbook is lacking. Unfortunately, the online sportsbook and the app do not accept a wide variety of payment options. The payment options listed on the website are: Visa Card, Mastercard, and Online Banking.

With online banking, you can use a wire transfer, or an eCheck/ACH transfer. However, there is no eWallet option like PayPal listed. And there is no cash option like Cash at the Cage listed.

So, because many other online sportsbooks offer more options for payment, the brand, unfortunately, loses points for this oversight. Hopefully, more payment options will be added soon.

Customer Care

The PointsBet Sportsbook has some great customer care offered. Besides the customer service options, the PointsBet sportsbook review appreciates the tutorials offered. So, these together up the score for this section.

For customer service options, the PointsBet sportsbook has an email option and a live chat option. Though there is no phone option, the live chat option is even available on weekends. The agents are fast and thorough and will answer your questions.

The Revis Betting Academy offers insights like Points Betting 101. So, even newer bettors can learn how to use the website and to place their bets. This definitely ups the PointsBet sportsbook score for this section.

Our Verdict

So, our PointsBet Sportsbook review is very favorable. VegasInsider gives the PointsBet sports betting app 4.5 stars. Overall, we recommend this sportsbook for experienced bettors because it has a more traditional user experience. Plus, bettors have access to a wide variety of prop bets to bet on their favorite sports.

PointsBet specializes in sports betting markets NFL, MLB, and NBA. Plus the points betting system allows you to win or lose as much as 10x. The more you’re right, the more you win.

However, the lack of a live streaming and payment options is a detriment for the PointsBet sportsbook. On a positive note, the great in-app experience and customer service make it worthwhile to bet at PointsBet.

PointsBet FAQ

Where is PointsBet legal? Do I need to be in NJ?

PointsBet is now live and legal in five states: New Jersey, Indiana, Illinois, Michigan, Colorado and Iowa. So, whether you're a Hoosier, a Hawkeye, or hanging in the Boss' hometown, bet with PointsBet Sportsbook today!

Is PointBet a legit sportsbook?

For sure. The PointsBet Sportsbook is intuitive and easy to navigate. As mentioned earlier, PointsBet is available for bettors 21+ and located in New Jersey, Indiana, Illinois, Michigan, Colorado and Iowa.

Are there maximum payouts at PointsBet?

Yes, each sport will have a set amount that can be won each day from bets that are placed. These limits are listed in the Rules section of the site. For football, the limits are $500,000 for NFL, $250,000 for NCAA, and $100,000 for Arena. Basketball limits are the same for the NBA, NCAA and Other leagues and NHL payouts are capped at $250,000 per day.

Is there a PointsBet Rewards Program?

Yes. As a registered member with a real money account, you can earn points for wagering. Fixed odds wagers will earn 1 point for every $5 bet, Parlay wagers earn 1 point for every $1 bet, and PointsBetting wagers earn 1 point for every $1 won or lost. You can redeem points for free bets. 250 points can be redeemed for $2.50 in free bets.

Other great sportsbooks where you can place an online sports bet:

bet365 BetMGM BetRivers DraftKings FanDuel FoxBet William Hill

See All Guides

Do you know what a ‘parlay’ means? Have you heard of Martingale staking? There are lots of online sports betting systems, and before you can start betting, you’ll need to understand the most common ones. There are systems for everything under the sun, but we’ll stick to the four major sports: baseball, basketball, football, and hockey.

We’ll teach you how to use online betting systems to develop a strategy and start making money! Our guide will also show you which system is best for betting wisely and recouping your losses.

What Is an Online Betting System?

These systems give bettors patterns to help them to increase earnings by giving strategies to win. Betting systems may also be known as ‘staking plans’ or ‘staking formulas’. Some work by betting more when you win, while others function well by decreasing wagers as you lose.

Negative Progression Systems

Negative progression systems sound big and fancy, but think about it like this: losing is always negative. In this case, you increase your stake each time you lose. You may be thinking, “Wait! Why would I increase my bet if I lose?” The idea is to make up for your loss with a win on the current bet. This method can be super successful, but be careful: If you start a losing streak, you may get in over your head.

This is a common strategy in casino games, but it’s often applied to the four major sports, too. Three sub-strategies include the Martingale, D’Alembert, and Labouchere plans.

Martingale Staking Plan

The Martingale System involves progressively betting more every time you lose. For example, you started with a $100 bet and lose, will then double your bet. You continue doubling each successive bet until you win ($100, $200, and so on.). By the time you arrive at the fifth bet, you’d be shelling out $1600, so the risk is high. The gain, however, could be quite rewarding.

D’Alembert Betting Theory

While similar to the Martingale strategy, the D’Alembert system works a little differently to increase your bets more slowly. The slower rise in stakes means that it’s less likely that your bets will become impossible to bankroll and won’t let you recover your losses as quickly as the Martingale, but it also mitigates risk.

This method assumes that there’s an equilibrium to be found in even money bets. Statistically speaking, you should always win the same number of bets you lose. Using this assumption, you choose a percentage of your total bankroll to use for each bet. You can select any percentage, but we recommend using 1-5% of your bankroll on every bet.

Say that you have a $1000 bankroll. At 2%, your first bet is $20. If you lose, you’ll increase your gamble by one base unit ($20), so it’s $40. Each time you lose, increase your bet by one base unit until you win. Every time you win, you’ll decrease your bet by one base unit.

Labouchere Betting System

The Labouchere splits your bet into several wager amounts. Think about it like you have a pile of M&Ms that you divvy up to avoid eating all at once.

Wager amounts are units totaling the value you’d like to win. So, if you’d like to win $100, you break this number into a bunch of smaller ones, like the following: $10, $20, $40, $20, $10. After placing your first wager, your potential winnings will need to be your first unit plus your last unit, or $20.

We’ll say you won your first wager and made the $20 required. You will cross off the $10 at the beginning and the $10 at the end. If you lost, you’d add the $20 you lost to the last $10. Add the $10 and $20 – the first and last units again. Your wager will be $30.

If you keep losing, you’ll keep adding your wager to the end. If you win, you’ll cross off both the first and last units.

Experts don’t really recommend this betting pattern if you’ve got a small bankroll. It can become costly quickly, which can leave you out of pocket and frustrated.

Insurance Betting System

This is exactly what it sounds like. Start with a bet, like $50. To keep numbers easy, we’ve chosen $5 as your unit. With each sequential bet you lose, simply reduce your bet by a unit ($45, $40, $35). As you can see, it’ll protect you from losses but won’t allow you to win your losses back.

Positive Progression Systems

Positive progression systems are the exact opposite of negative ones. Raise your stake for each win, rather than each loss. If you’re on a losing streak, this system probably won’t let you win back your losses. A few strategies that fall under this system are the Paroli and parlay systems. Be careful about using a progression system if you have a limited wallet.

Paroli Formula

The Paroli formula is used in ‘even wager betting’. Experts suggest that a 2% base stake is a good place to start. Double your bet each time you win and, after winning 3 times in a row, drop your bet back down to the base stake. If you lost, simply cut your bet to the base stake and use it until you win again.

Parlay System

In essence, a parlay is multiple wagers in one, and the system allows you to reinvest winnings from one wager to the next. To successfully use this method, you’ll need to choose the winning team for every option you’ve selected. This makes the odds higher and you’re definitely increasing your chances of losing, but winning makes the profits much sweeter.

Other Types of Sports Betting Systems

In the end, most systems boil down to fixed, variable, and proportionate systems like the Fibonacci, unit, and Oscar’s Grind.

Betting Point Spread Explained

Fixed systems are simply systems where you place a fixed amount on each wager. Variable staking, however, works the opposite way. You have to calculate your wagers based on a variety of criteria (eg. confidence level, odds).

Proportionate systems require betting a portion of your bankroll (or balance) and then increasing by that same percentage after each win. For example, if you had a $100 bankroll and bet 10%, you’d bet $10 the first time.

If you won, you’d add your winnings and find 10% of your new total for the next wager. For instance, if you won $20 you would add this to the $100. You then find 10% of $120, which is $12.

Fibonacci System

Using this methodology, you’ll increase your bets based on the Fibonacci sequence. Start by choosing your betting unit. We always recommend 2-3%.

The Fibonacci sequence starts with zero, but ignore that number and start with the second number (1). The sequence is as follows, 1, 1, 2, 3, 5, 8, 13, 21, 34 and so on. Chose a unit to use. We’ll use $5 to make the math easy. The Fibonacci numbers tell you how many units to use.

Your first bet is – $5 or 1 unit. You lose. Place your second bet, also $5 or 1 unit. You lose again. Place your third bet, $10 or 2 units. Now you win. Move down 1 unit to $5 or 1 unit.

The Unit System

As we’ve seen in other strategies, the unit system uses a range assigned by the bettor. These typically fall between 1 and 10, and are based on the confidence a bettor has in the wager. You reserve a 10 for that very rare wager that stands out. The 1 is for your most certain stakes. Each unit will be a percent of your wallet. Most often, each is valued at 1% of your balance.

Successful Betting Strategies

Choose staking formulas that are successful rather than complicated or trending. We’ve discussed the most common and widely used, but you should find one that works for you. It really comes down to choosing a system that’s easy to use and calculate, and sticking to that system. If you’re constantly switching things up, you’ll never learn what works best for you.

If you’re looking for even more success as a sports better, apply these simple sports betting strategies!

Points Betting System Calculator