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: Sep 27, 2023
4 min read

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of risk free 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 14 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 Risk Free 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 Risk Free Bet.

Unique Terminology

Signup Offers

Risk Free Bet

10 $100 Risk Free Bet refunded as a Free Bet on 10 consecutive days

Risk Free Bet

5 $100 Risk Free Bet refunded as a Free Bet on 5 consecutive days
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Repeating The Sign-up Offers

Sign-up offers are some of the most profitable promotions available in matched betting. Some sportsbooks will allow you to repeat them in each state increasing your profits. You can learn more about repeating the sign-up offers in multiple states in our guide.

  • Separate account per state: Yes
  • Can you repeat the signup offer in each state: No
  • Can you do the Refer A Friend (RAF) offer and the sign-up offer: No

VIP/Rewards Program

PointsBet has a structured rewards program for earning points that can be redeemed as Free 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.

Free Bet: Deposit Match

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

Screenshot of a PointsBet Deposit Match offer

Free Bet Finder

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

Screenshot of the Free Bet Finder on DarkHorse Odds

Deposit & Withdraw Methods

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