PointsBet was launched in early 2017 as an Australian sportsbook with a unique approach to online betting. They are the only bookmaker in Australia that offers spread betting, a form of high-reward wagering where the size of your win or loss depends on the margin of victory or defeat. This way of betting can be risky, but on the other hand, rewards can be massive. In this PointsBet review, we'll have a close look at what they have to offer. You'll find out everything you need to know about them if you read our in-depth PointsBet review.
Pros & Cons
Company Information and History
PointsBet is licensed in the Northern Territory and spread betting is their speciality. You can also place fixed odds wagers with PointsBet, so members have the best of both worlds. Their sportsbook covers a wide range of sports and leagues, including the most popular ones like AFL, NFL, NBA, A-League and the NRL.
PointsBet is proud of the fact that they offer more markets on NRL and AFL matches than any other bookies on the planet. They cover all of the most popular sports, including horse racing. Here you'll also find great coverage of American sports leagues, such as NFL and NBA. Sam Swanell is the CEO of Melbourne based PointsBet, and they are 100% Australian owned sportsbook.
PointsBet Spread Betting – Australia's Finest
The feature that sets PointsBet apart from other bookmakers is the fact that you can place spread bets with them. Spread betting differs from Fixed Odds wagers as your winnings (or losses) can vary. With this unique way of betting the amount you win or lose depends on the margin by which you bet wins or loses.
The payout equals the stake multiplied by the difference between the result and your chosen line or total. PointsBet will temporarily hold an amount greater than your stake from your account until the bet is settled. The purpose of this is to make sure there are sufficient funds to settle the bet in the event of a heavy loss. So be careful if you decide to give spread betting a try.Open a PointsBet Account
With PointsBet, you can limit your risk level by setting the maximum win and loss (“stop loss”) amounts before you wager your spread bet. If you restrict your minimum loss, your maximum win is also restricted. With spread betting, there are no odds. Instead, PointsBet obtains a profit by offering different lines/totals.
The gap between the lines or totals is called the “spread”, which is the difference between the “under” and “over” or the difference between the “plus line” and “minus line” on each market. For AFL matches the spread is typically 3 points, while for a low scoring sport like soccer the spread is typically 0.2 goals. You can also place spread bets on the total score, various match statistics and individual performance markets. You can also place bets on “Time Of” markets, where you bet on whether you believe a particular game event or milestone will be reached before or after a specified time. Spread betting offers countless possibilities!
Spread Betting Explained
PointsBet Odds Compared with Other Bookies
For any punter price is key, and it is crucial to find the best odds to maximise your profits. The best way to judge the quality of odds is by comparing the margins of bookmakers. In simple words, if the overround percentage is closer to 100%, odds are better for punters. Larger overround percentage means that the bookmaker will make more money. So the point is, always look for sportsbooks with the overround closer to 100%. To learn more about overround at other bookmakers, check out some of our other articles, for example, Ladbrokes Australia or SportsBet review.
We have done an odds comparison test, so you don't have to bother searching for data online. Just keep scrolling to see which bookie has the best odds.
Odds Comparison VS. BetEasy and Neds
We have looked at odds on NBA opening night clash between New Orleans Pelicans and Toronto Raptors to determine how PointsBet stands against other top Australian bookies. It turned out that both Neds and BetEasy offer slightly better odds than PointsBet. But differences are very slim, so we can say that PointsBet NBA betting offer is in line with the industry standard. You won't make a mistake if you decide to wager at any of the listed bookmakers.
|New Orleans Pelicans||2.77||2.75||3.00|
PointsBet Racing Odds
Although PointsBet focus on spread betting, you can also wager on the horses. Horse racing is one of the most popular sports in Australia, and The Melbourne Cup is known as the race that stops a nation. You can place win, place and each-way bets with PointsBet. Best Tote + SP is offered for win betting, and Best Tote is offered for place betting. Estimated Tote odds are displayed for each race. Quinella, Exacta, Trifecta and First Four exotics are also available.
Horse Racing Odds Compared VS BetStar and Palmerbet
In our horse racing odds comparison test, PointsBet came third, behind both BetStar and PalmerBet. But as with the previous test, the differences are quite small. BetStar is better by just 0.5%, which barely has any significance for punters. Keep in mind that this test is based on only one race, which means that PointsBet may offer much better odds on some other event. Be sure to always compare odds before betting, because prices may drastically vary from bookmaker to bookmaker.
|Sir Van Dyke||5.50||5.50||5.50|
PointsBet AppOpen a PointsBet Account
In Australia, betting via sports app increased in popularity in recent years. Bookies must provide a well designed mobile app or web app for customers who want to wager using their mobile devices. PointsBet has apps for Android and iOS devices. They have also come up with a very easy-to-use web app for all bettors who don't like downloadable apps.
PointsBet App for Android Users
The PointsBet App for Android can be downloaded directly from the PointsBet site, so there is no need to search on the Google Play store. Just follow the instructions written on the PointsBet Mobile App page, and you'll be ready to start betting in no time. You'll have access to everything PointsBet has to offer when playing with their Android app. It includes the full range of sports, market, betting specials, and all other features available to desktop users.
PointsBet Mobile App Available on iOS
If you use an iPod, iPad or iPod Touch, you can download the PointsBet app for free from the App Store. The app requires 75.6 MB of storage and runs on iOS 9.0 or later, including the latest iOS 13. Once you have installed the app, you'll have instant access to all PointsBet top features, including the spread betting and thousands of markets on sports like NFL, AFL, NRL and many others.
PointsBet In-Play Betting Available
Online in-play betting is not permitted in Australia due to the Interactive Gambling Act. However, they do display live betting odds on their website, and you can place wagers by calling them. You can browse the event available for in-play betting on the ‘In-Play' page. Once you have decided what market you want to back up, log in with your account, and the phone number for live betting will show up. But don't wait too long! You'll have to be pretty quick and make the call before the live odds change.
Limited Payment Method Options
Unfortunately, PointsBet doesn't offer too many payment methods for online betting. Their customers do not have access to BPAY and PayPal. Until further notice, you can deposit with credit/debit cards, POLi and EFT.
Before you open an account with a betting agency, you should always check out what payment options are available. We weren’t too impressed with the limited number of payment methods available at PointsBet. The only instant deposit methods available are by debit or credit card or POLi, while bank transfer deposits will appear in your account the next working day. Before you withdraw funds, you must verify your account. To learn how to do that, just follow the instructions below.
- Deposit Methods: POLi, credit/debit cards, Bank EFT
- Withdrawal Methods: Bank EFT
PointsBet Account Verification
Account verification with PointsBet is a pretty straightforward process. Just follow the steps below, and you'll be done with this in no time.
- After you place your first bet or deposits funds, PointsBet will supply the Member’s ID to a third party (e.g. Veda Advantage Solutions Group) for ID verification
- This may involve checking the Member’s ID against third party databases and/or credit headers
- Unfortunately, the verification process available is not perfect, and PointsBet cannot verify 100% of our Members this way
- PointsBet may also use other public information services to confirm a Members’ identity
Is PointsBet A Bookmaker You Can Trust?
Another key factor that you need to think about when opening an account with an online bookmaker is can they be trusted. You have to part with personal information and banking details, so for peace of mind, it is good to know that your info is kept safe. They are licensed in the Northern territory and therefore eligible to legally accept punters from Australia. PointsBet has also put several procedures in place to protect your data, so you can wager without ever worrying whether you'll receive your payout. We have listed some of the PointsBet key security measures below, so be sure to keep scrolling.
- All personal details are stored on a secure server
- Data is protected using password-protected systems and databases
- The latest Secure Socket Layer (“SSL”) technology is also used to protect information
- PointsBet’s employees, agents and contractors are required to maintain the confidentiality of Members’ Personal Information and trading behaviour
Responsible Gambling with PointsBet
Gambling should always be something you enjoy, and if you are worried that you are gambling too much, PointsBet has plenty of resources for problem gamblers. Here at Aussiebet, we are keen on the promotion of responsible gambling, and we are glad to report that PointsBet holds the same view. Below are some of the procedures PointsBet have put in place to promote responsible gambling.
- Customers can set a deposit limit
- Customers can self-exclude (either temporarily or permanently)
- Provide Responsible Gambling information and messages to customers
- Train staff about Responsible Gambling
- Refer punters who are at risk of problem gambling to gambling-related support services
PointsBet Customer Service
Providing quality customer service should be the aim of any company no matter what the industry. PointsBet pride themselves on putting the customer first and there are a number of ways you can get in touch with PointsBet. If you ever get stuck while betting at this sportsbook, someone from the customer service will be there to help you.
PointsBet Customer Service Contact Details
- Telephone: 13-72-38
- Email: [email protected]
- Post: PointsBet, PO BOX 4191 535 Richmond East 3121
- Live chat: Available 24/7
Ultimate Spread Betting Bookie for Aussies
Overall, the main thing that sets PointsBet apart from the rest of their competitors is spread betting. They are currently the only Aussie bookie offering that service. If you fancy giving spread betting a try, then this sportsbook is well worth checking out.
Limited banking facilities and the lack of cash out option are obvious negatives, but the NRL and footy specials are excellent, plus the mobile app and the web app are really good. The fixed odds on offer are more than decent too, and you could do a lot worse than open an account with 100% Aussie owned PointsBet.
Pointsbet is owned by PointsBet Australia Pty Ltd., which in turn is founded by Sam Swanell and Andrew Fahey, CEO and COO respectively.
Yes, they offer apps for Android and iOS. Both apps are really great and super easy to use. If you don't want to download any software, just use their web-based app. Either way, you'll have access to everything PointsBet has to offer when wagering with their apps.
The Pointsbet Stadium is located at 461 Captain Cook Dr, Woolooware NSW 2230, Australia. It is known as Shark Park during Cronuall-Sutherland Sharks matches. This is a rugby league stadium.