VIP/Rewards Grade: 3/5 Summary: A structured rewards system along with "Diamond Club" for VIPs results in valuable rewards for matched bettors.
Updated: Sep 30, 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.
What To Know
PointsBet is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
PointsBet is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
PointsBet follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
PointsBet is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
PointsBet is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
In some states PointsBet operates as a betting exchange, and others they operate as a sportsbook. In both situations PointsBet will not limit bettors.
PointsBet is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
PointsBet is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
PointsBet is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
PointsBet has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
PointsBet has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
PointsBet seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from PointsBet as much as possible.
In North American PointsBet is now only available in Ontario.. 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.
PointsBet has an average MLB vig of 4.66%. PointsBet MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
PointsBet averages -154.2 for MLB favorites which is about the same as popular sportsbooks (-155.0). PointsBet is worse than sharp sportsbooks which have an average of -147.6.
The average PointsBet MLB odds on underdogs is 127.3 which is marginally worse popular sportsbooks (130.1). PointsBet is worse than sharp sportsbooks which have an average of 134.9.
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.
Notes: 10 consecutive days of $100 Second Chance Bets. May be able to find a better offer via promo code.
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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
VIP
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.
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.
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.
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.
Originally founded in Australia, PointsBet is now available in Ontario.
Updated: Sep 30, 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 the following locations.
In North American PointsBet is now only available in Ontario. 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.
PointsBet has an average MLB vig of 4.66%. PointsBet MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
PointsBet averages -154.2 for MLB favorites which is about the same as popular sportsbooks (-155.0). PointsBet is worse than sharp sportsbooks which have an average of -147.6.
The average PointsBet MLB odds on underdogs is 127.3 which is marginally worse popular sportsbooks (130.1). PointsBet is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
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.
