Table of Contents


Odds vs. Other Books:
hold vs. 4.5% avg
*lower is better
VIP/Rewards Grade: 3/5
Summary: A structured rewards system along with "Diamond Club" for VIPs results in valuable rewards for matched bettors.

Updated: May 28, 2024
4 min read

Note: If you are located in Ontario, we are not able to display any available promotions.

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.

Available Locations


PointsBet is available in 11 states. They were founded in Australia and moved to the US and Canada more recently. A unique feature that PointsBet has is PointsBetting. This is different from regular betting in that the margin of victory (or loss) for your bet impacts the payout. You can learn more in our What is PointsBetting guide.

PointsBet was acquired by Fanatics in June of 2023. This will give Fanatics access to each of the states that PointsBet is currently located.

PointsBet has limits that are smaller than larger sportsbooks like Caesars, DraftKings, and FanDuel. You can expect to be able to wager to win a few thousand on MLB and more on larger sports like NFL. They are on the faster side to limit individual bettors so you will want to make sure you stick to behavior that will allow you to avoid limits. Learn more in our Don't Get Limited guide.

Notes Before Signing Up

Most states have a series of daily $100 Second Chance Bets, instead of one large bet. Make sure you know how many you are entitled to, and that the first bet you place each day is the Second Chance Bet.

Unique Terminology

  • PointsBetting: Unique type of bet allowed where the margin of victory matters. Learn more in our What Is PointsBetting guide.

Signup Offers

$1,000 Second Chance Bet

$1,000 Second Chance Bet Refunded as a Bonus Bet

Amount: $1,000
Type: Second Chance Bet Refunded as a Bonus Bet
Bet Finder: Second Chance Bet
Deposit: $1,000
Minimum Hedge: $1,500
Expected Value: $500
Available in:
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VIP/Rewards Program

PointsBet has a structured rewards program for earning points that can be redeemed as Bonus Bets. They also have a VIP program that comes with a VIP rep and targeted offers.

Rewards Program

  • For fixed odds wagers, you earn 1 point for every $5 wagered.
  • For parlay wagers, you earn 1 point for every $1 wagered.
  • For PointsBetting wagers, you earn 1 point for every $1 won or lost.

Rewards Points have the following values:

  • 250 points = $2.50 Bonus Bet
  • 500 points = $5 Bonus Bet
  • 1,000 points = $10 Bonus Bet
  • 2,500 points = $25 Bonus Bet
  • 5,000 points = $50 Bonus Bet
  • 10,000 points = $100 Bonus Bet
  • 50,000 points = $500 Bonus Bet
  • 100,000 points = $1,000 Bonus Bet


Being a member of their Diamond Club leads to a VIP host and additional targeted rewards such as the promotion below. You can ask the VIP host for things such as deposit matches in addition to the targeted rewards.

Screenshot of a PointsBet Diamond Club VIP offer

Example Promotion

PointsBets' promotions tend to be less valuable than some of their bigger competitors, but they still have regular offers that are profitable.

Bonus Bet: Deposit Match

Below is an example of a deposit match on PointsBet where if you deposit $100 you get a $100 Bonus Bet in return. Through matched betting, you can mathematically guarantee a profit by hedging your bet.

Screenshot of a PointsBet Deposit Match offer

Bonus Bet Finder

You can use the Bonus Bet Finder on DarkHorse Odds to guarantee a profit of $48. In addition to the Second Chance Bet Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.

Screenshot of the Free Bet Finder on DarkHorse Odds

MLB House Rules

Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.

Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.

For MLB it is also important to understand what defines Action.

Money line

Will The Odds Change: Not Offered

Run / Total / Alt Lines

Action: Not Offered

Will The Odds Change: N/A

Player Props

Pitcher Prop action: Must Start

Batter Prop action: Must Start

Deposit & Withdraw Methods

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