PointsBet Review & Bonus Bets 2021

  • Bonus
  • Features
  • Online Betting
  • App Betting

Racing Bonus Back To 4th

  • PointsBet Rewards
  • Only Aussie bookie to offer spread betting
  • Best racing promotions in the market

Bonus: Racing Bonus Back To 4th

Terms Icon
  1. Not available to NSW, SA & WA residents.
  2. Only eligible in All Races at Randwick & Moonee Valley on Sat 21st August.
  3. Only valid for customers first fixed odds win bet on eligible race.
  4. Money back as Bonus Bets equal to stake up to $50 on each eligible race.
  5. Offer excludes Multibets, Cashed out Bets, Tote Bets & Bonus Bets.
  6. PointsBet reserve the right to exclude any customers from Money Back promotions at any time.

For full T&C’s visit: https://pointsbet.com.au/terms-and-conditions

Terms & Conditions Apply
Pros & Cons

Pros & Cons

  • Incredible promotions and offers across both sport & racing
  • PointsBet Rewards
  • Only Australian bookie to offer spread betting
  • Instant payments via Card, Transfer or Poli
  • Same day withdrawal into account (if withdraw is before 3pm)
  • Inferior interface, system & same-game multi combinations
  • Issues with promotions being banned from accounts
  • No streaming sport & racing on the app
Bonus

Bonus

  • Awesome promotions offered for both sport & racing, every day of the week
  • Promotions & bonus bets offered to both new & existing users
  • No sign-up bonus, however you can always call and ask!
  • Exclusive offers on AFL, NBA, Soccer & Racing
Features

Features

  • Spread betting – only Australian bookie to offer this
  • PointsBet Rewards
  • Quick deposit & quick bet to save time when punting
  • Quick multi – add legs quickly, with ease, for increased odds
  • Bonus back on 4+ leg same game multi if one leg fails for AFL, NRL & NBA
  • Bonus back to fourth place at select tracks, every day
App Betting

App Betting

  • Average user-interface
  • Clunky compared to other bookies
  • Featured events on home page

Overview of PointsBet Betting

Updated August 18, 2021

sportsbook overview

Being founded in 2015 and launched in 2017, PointsBet is the new kid on the block in terms of top-line bookies in Australia. Under PointsBet Australia Pty Ltd, the bookie is based in Melbourne and has expanded into America as well. However, in Australia PointsBet focuses on top level promotions for both racing and sport, whilst also introducing Australians to spread betting and PointsBet Rewards. 

PointsBet Rewards offer points per dollar spent on betting, which can then accumulated to be turned into bonus bets. This is an incredible incentive for punters to bet with PointsBet, being rewarded for their volume. When looking at spread betting, it allows bettors to win based on the margin of victory they have. 

In an Australian first, you can bet over or under a handicap or total points line and get rewarded for every point you are right. It is an incredibly thrilling way to bet on sport, making you watch to the very end. 

While PointsBet is new and exciting, with some of the best promotions available to Australian punters, their app is still quite clunky compared to other big name bookies. For now, this is the pay off that needs to be made and it rewards punters handsomely, if they do choose to bet with PointsBet.

If you’re thinking of whether you should bet at this site or not, you should read this PointsBet review article. It will give you great insight into the positives and negatives of becoming an account holder with PointsBet. For more details, wisdom and information, let’s take a look at the nuts and bolts in our PointsBet bookmaker review.

PointsBet Bonus Bets

sportsbook bonus codes

Something that every punter looks for when they are joining a betting agency is the amazing bonus bets. Although betting regulations that were introduced in Australia in 2018 subsequently removed sign-up bonus bets, PointsBet bonus bets still exist and they have an extensive list of enticing bonus bet offers. 

While PointsBet don’t currently offer any sign-up bonuses or first-deposit bonuses, they have been known to offer bonuses to those who call and ask, especially those who have just signed up. These can range from $50 – $250 in bonus bet deposit matches, rewarded punters for using their platform. 

Where you can easily get a PointsBet bonus bet is through narrowly missing on your bets. The bookie offers generous bonus back promotions on racing, including bonus back to 4th on select races every day, including the big meets on Saturdays. Where most bookies offer this promotion, theirs is only to 3rd place, with PointsBet giving you some extra comfort when betting. 

Once receiving a PointsBet bonus bet, you can typically place this on any market, whether it be racing or sport, and then receive the total winnings, minus the stake of the bonus bet. For instance, if you had a $20 bonus bet and placed it on a $3 horse to win, your winnings would be $60 however you would only receive $40, based on the $20 bonus bet stake. 

PointsBet Promotions

sportsbook bet types

PointsBet promotions are widely regarded as being some of the best on the market, offering boosted odds and novelty markets for both racing and sport on a weekly basis. Given they are relatively new to the market, this has been the main way that PointsBet have attracted customers to sign-up and bet with them. 

Bonus back to 4th, every day!

On select races every day, including some of the feature racing on Saturdays, PointsBet offers bonus bets, up to $50, if your horse doesn’t win but finishes 2nd, 3rd or 4th. Most agencies run a similar promotion but only offer it for 2nd and 3rd, with PointsBet giving you an extra place for comfort. 

Novelty Racing Promotions

When there are some big races during both the Spring and Autumn, PointsBet occasionally offers one novelty bet per weekend. An example of this is when Nature Strip and Eduardo were the two front runners for the T.J Smith Stakes during The Championships in Sydney’s Autumn Carnival, and PointsBet offered $4 if either Nature Strip or Eduardo won. 

With the pair starting $3.10 and $3.60 respectively, with their next closest rival priced at $5, this was an incredible offer with boosted odds, and punters were rewarded when Nature Strip won. 

PointsBet Features

PointsBet have always been the new kid on the block when it comes to features, and they’re getting to the top of their game in this regard.

PointsBet Rewards

PointsBet is the only bookie that directly rewards you for the amount of volume that you bet through their platform. Punters can accumulate points, based on the amount of money spent on bets through PointsBet, which can be later redeemed for bonus bets. 

When looking at horse racing, punters are rewarded 1 point for every $2 spent on fixed odds betting, every $5 spent on totes, every $2 spent on exotics and every $5 spent on quaddies. 

Best TOTE Exotics on Every Race

On every race held on Saturday, in metro Melbourne and Sydney, PointsBet offers the best tote odds on all exotic bets. Some bookies make you select which tote you want to place your exotic bet under, however PointsBet guarantees that, if you win, you’ll be paid out the best available tote. 

Colour scheme

The colour scheme may not be as eye-catching as other sites, but that’s obviously not too huge of a problem, offering incredible promotions to entice punters. As well as this, the site and brand itself are extremely reputable, with top-notch security, licensing and legality.

Other Features

Another good thing about Pointsbet is their value promos for certain events. These usually relate to combos of disposals in AFL, or tries in the NFL. One market, for example, may be Neale and Boak to combine for a total of 40 disposals at $3 or the above mentioned racing promotion. However, they usually come with a max bet of $25, which is fairly miniscule at times.

PointsBet Betting

sportsbook betting

PointsBet is a very polarising bookie, offering incredible promotions and rewards but having an average app and flow whilst betting and also being known for banning accounts or promotions from accounts without warning. 

This is a risk that punters are often willing to take, given the boosted odds and high level promotions that PointsBet have to offer. While there is no PointsBet sign up bonus or PointsBet deposit bonus, there are plenty of opportunities to bet on promotions and get bonus bets in your account, whilst still being a winner. 

Steps To Placing a Bet With PointsBet

If you want to use PointsBet to place a bet on a horse, but are unsure how, look no further than our step by step instructions! Be aware that you will need to deposit money into your PointsBet account before you can bet, or alternatively use the quick deposit function in the betting screen.

When opening up the app, you will see the racing option in the toolbar down the bottom. Once selected, it will take you to all of today’s racing. The ‘Racing Summary’ page lists each event in order of when the next race is being run, showing you the time you have until the race jumps, ensuring you don’t miss out on placing your bet.

Once finding which race you want to bet on, clicking it will take you to the race page. The track, distance, track conditions and time until running will be displayed at the top. 

Underneath that is tips and a betting preview for the race, written by one of the PointsBet analysts. When scrolling down further, you get the option which bet type you would like to place, whether it be Fixed Odds, TOTE, Quinella, Exacta or any other type of exotic bet.

Underneath that you get the list of horses, which can be sorted by running number or by odds, whichever you prefer. It will have all of the horses in the race, their running information including jockey, trainer, recent form and weight, as well as their current odds which you can bet on. 

When finding the horse and bet type you’d like to bet on, you simply click the odds, enter how much you would like to bet and then press ‘Place Now’. It will then take a second to process before confirming your bet, typically in green at the top of the app. After that, you just need to sit back and watch your horse, cheering it to the finish line and seeing the money roll in. 

PointsBet Deposit Options

PointsBet offers just three deposit options to ensure that users can top up their account balances with ease, with a minimum deposit of $5. Once you have clicked the ‘Deposit’ button under the ‘My Account’ tab, you will be given the choice of selecting one of the following deposit options. 

Credit / Debit Card

Simply enter your credit / debit card information as well as a deposit amount and click ‘Deposit Now’. After initially adding your card information, this will be stored for quicker use from then on and multiple cards can be added. 

POLi

POLi is an instant online payment option allowing you to make a bank transfer from your internet banking site directly into your account. Deposits made through the POLi system are available for use in your account instantly.

Bank Transfer

Bank transfers are easy to do, but take some time to hit your account. You can deposit to PointsBet’s bank account, ensuring you quote your account number in the description, or do a direct cash deposit at any Commonwealth Bank branch. While this is a very secure way of depositing, bank transfers are credited to your account on the next working day, meaning the other methods are quicker. 

PointsBet Withdrawal Options

Once you have won some money, you will be able to withdraw funds from your PointsBet account to your bank account. At the moment, the only method of withdrawing your money on the PointsBet system is through a bank transfer.

This means you have to enter your bank details (BSB & Account Number), and then withdraw the available funds. PointsBet states that if you withdraw before 3pm, you will typically receive your money into your account that night, however the process can take up to 48 hours at times. 

PointsBet Sign Up Process

sportsbook sign up

Like any other bookies, PointsBet’s sign up process is pretty straightforward. When opening the app up, simply click the red ‘Sign Up’ button in the top right corner and then enter your basic details. From there you have to enter more specific personal details such as your date of birth, mobile number and address, before choosing a username and password for your account. 

Once submitting that, you will receive an email to complete your registration, which includes verification of your identity, age and living situation, given you can only punt in Australia and different states have different promotion regulations, among other things. Once you have done this, you can add your card / bank details and punt with joy, following The Racing Sharks’ tips for success!

PointsBet App Review

sportsbook mobile app

The new kid on the block is still making its way up the charts in terms of their app. As mentioned throughout this review, it can be quite clunky and hard to use at times, especially when doing complex bets such as same game multis and exotic bets on horse racing. Because of this, patience is required when betting with PointsBet, especially on a busy Saturday of racing when every punter around the country is trying to get on.

To accommodate for this, PointsBet promotions are arguably second to none. Their use of big name athletes like Shaquille O’Neal and Paige Spiranac make the app more inviting and colourful, breaking away from the black and red base colours. They advertise promotions, which can at times be incredible value for money and should be greatly utilised in the Spring and Autumn carnivals.

Another downfall of the PointsBet app, unlike Sportsbet and TAB, is that you are unable to watch live races. This may entice punters to use those other bookies so they can punt and watch on the same platform, but missing out on the best tote offer and incredible promotions is something that you should strongly consider when choosing your bookies. 

While it can be slow and clunky, the PointsBet app still allows you to place bets in a timely manner and is very usable, making it one of the best in the market based on promotions and user-friendliness. 

PointsBet Review FAQs

sportsbook faqs

Still got some questions in relation to PointsBet? Well have a read on below, hopefully we have answered them for you!

How to bet on PointsBet?

Betting on PointsBet is pretty straightforward. Simply find the game you want to bet on, search for your market you think will win and then click on the odds provided. You can either add an amount to wager or click add to betslip if placing a multi or wanting to compare odds.

Your betslip can be found in the bottom right corner of the app and once there you can add your stake and click ‘Place Bet’ at the bottom of the screen. 

How to win on PointsBet?

This is the fun part. Putting in the time and effort, or simply clicking something on a whim, hoping that your bet wins and you can collect some winnings. In order to win, you need to place a bet that ends up being successful, whether it be a horse to win or an eight-leg multi with your top selections!

Who owns PointsBet?

Andrew Fahey is the founder and Chief Marketing Officer of PointsBet while Sam Swanell is the CEO. 

What does void mean in PointsBet?

A void bet means that your bet has been removed from the market and can no longer be bet on – typically occurring when a horse is scratched from a race. When this happens, you will get your stake refunded in cash, or if that void bet is part of a multi, those odds are removed from the bet and the remainder of your multi is still alive. 

How long does PointsBet take to withdraw?

PointsBet states if you withdraw funds before 3pm, you should receive your money in your bank account that night. However, the process can take up to 48 hours, especially over weekends. 

How to verify a PointsBet account?

Once creating a PointsBet account, you will be sent an email to verify your personal details. You have 14 days to complete this process and then you will have full access to your account, including being able to deposit and withdraw funds. 

How to do a quaddie on PointsBet?

When placing your quaddie on PointsBet, you first need to decide which track you are placing your quaddie on. Once you have decided that, you simply click on the racing icon down the bottom of the app, then select the track you are betting on. 

There is no option to place a quaddie on that page, but once you click on any of the races at that track, you can swipe across the bet types until you find ‘quaddie’. You then select what horses you want in each of the four legs of the quaddie, enter your stake at the end and it will tell you what percentage of the quaddie you have!

What does flexi mean on PointsBet?

Flexi betting allows you to take exotic bet types (quinella, exacta, trifecta or first 4) and also multiple bet types (doubles, trebles or quaddies) with as many selections or combinations as you like for whatever amount you wish to invest.

How to do a multi on PointsBet?

Doing a multi on PointsBet is very similar to placing a singles bet, however, instead of entering a stake and clicking ‘place now’, you click ‘add to betslip’. You can then add as many legs as you want to your betslip and as you add more legs, your odds will pop up in the bottom right corner. 

Once you have added all of the legs you want to add, click on the ‘My Bets’ icon in the bottom right corner and then the multi will be at the top of your screen. You then enter your stake, click ‘place bet’ and you are good to go.

How to place a quinella bet on PointsBet?

Firstly, you must select the track and race that you would like to bet on. From there, the user will select quinella from the top menu. Then you must pick the horses that you would like to place 1st and 2nd. Finally, click ‘Add to Bet Slip’ and your quinella will now appear in your bet slip, where you can then confirm your wager like you would with any regular selection.

What is a head to head bet on PointsBet?

Head to head betting is when you place a bet on a team to win a match.

Can you cancel a bet on PointsBet?

As a general rule in betting, once a bet has been made it cannot be cancelled. PointsBet have added a number of confirmation steps on the bet slip before a bet is accepted. This gives account holders enough time to confirm their selections and the stake before committing to the bet.

Can you cash out on PointsBet?

The type of bet you place dictates whether you are able to ‘cash out’ at any stage or not. You can cash a bet out before or during the game however it typically can only be on a fixed odds win in horse racing, along with head to head, spread or total points betting in sports. 

How to bet live on PointsBet?

If you want to bet on live sport on PointsBet, you click the menu button in the bottom left corner and then select ‘In Play’. This takes you to all of the sporting games that are currently happening, and the live odds based upon this. 

You then select which market you want to bet on and then it takes you to a section where you must call in to place your bet. Unfortunately at the moment, you can’t bet live on races on PointsBet. 

How to bet trifecta on PointsBet?

Firstly, you must select the track and race that you would like to bet on. From there, the user will select trifecta from the top menu. Then you must pick the horses that you would like to place 1st, 2nd and 3rd. 

In this step, you can either choose ‘boxed’, ‘field’ or you can enter your number manually. Boxed means that each horse you select can finish in any of the three positions in the trifecta. Field means that you select every single horse to finish in that position. 

Entering manually allows you to specifically choose which horse will finish in which position, making it more difficult but more specific to your selections. Finally, click ‘Add to Bet Slip’ and it will now appear in your bet slip, where you can then confirm your wager like you would with any regular selection.

How to watch races on PointsBet?

Unfortunately, PointsBet doesn’t have any licensing agreements that allow you to watch races live on the app or website. 

How does a PointsBet bonus bet work?

A PointsBet bonus bet can be used on any market, except quaddies, and will allow you to either win some money back or add to your profit for the day. When entering your stake, instead of entering cash, there is a box that is for bonus bets. Select this and your bonus bet will be placed on the race. 

If your bet wins, you will collect the total winnings, minus the stake of the bonus bet. For example, if you have a $50 bonus bet and place a bet on a $4 horse to win, your bet wins $200 however you only receive $150, due to the $50 bonus bet stake.

Final Thoughts on PointsBet

sportsbook final

While the app can get frustrating at times, persisting with PointsBet is something you should strongly consider. They offer the best promotions in Australia, making them a top line bookie option for punters. Whether it be PointsBet rewards or their incredible offers, PointsBet are truly a bookie for the punters, rewarding betting and giving you top line value on select markets. 

These promotional markets allow you to get the best bang for your buck, give you extra security on race day with their bonus bet back up to 4th offer and allow you to hedge, play the field or take multiple horses in the big races. PointsBet may be the new kid on the block, but their offerings are making big waves in the industry and if you haven’t already signed up, you should today!

*Terms & Conditions apply to all sports bonus offers. Please visit the operator's website for details.

Terms Icon
  1. Not available to NSW, SA & WA residents.
  2. Only eligible in All Races at Randwick & Moonee Valley on Sat 21st August.
  3. Only valid for customers first fixed odds win bet on eligible race.
  4. Money back as Bonus Bets equal to stake up to $50 on each eligible race.
  5. Offer excludes Multibets, Cashed out Bets, Tote Bets & Bonus Bets.
  6. PointsBet reserve the right to exclude any customers from Money Back promotions at any time.

For full T&C’s visit: https://pointsbet.com.au/terms-and-conditions

  • Bonus
  • Features
  • Online Betting
  • App Betting

Bonus: Racing Bonus Back To 4th

Terms Icon
  1. Not available to NSW, SA & WA residents.
  2. Only eligible in All Races at Randwick & Moonee Valley on Sat 21st August.
  3. Only valid for customers first fixed odds win bet on eligible race.
  4. Money back as Bonus Bets equal to stake up to $50 on each eligible race.
  5. Offer excludes Multibets, Cashed out Bets, Tote Bets & Bonus Bets.
  6. PointsBet reserve the right to exclude any customers from Money Back promotions at any time.

For full T&C’s visit: https://pointsbet.com.au/terms-and-conditions

Terms & Conditions Apply

Racing Bonus Back To 4th

  • PointsBet Rewards
  • Only Aussie bookie to offer spread betting
  • Best racing promotions in the market

Bonus: Racing Bonus Back To 4th

Terms Icon
Terms & Conditions Apply
  1. Not available to NSW, SA & WA residents.
  2. Only eligible in All Races at Randwick & Moonee Valley on Sat 21st August.
  3. Only valid for customers first fixed odds win bet on eligible race.
  4. Money back as Bonus Bets equal to stake up to $50 on each eligible race.
  5. Offer excludes Multibets, Cashed out Bets, Tote Bets & Bonus Bets.
  6. PointsBet reserve the right to exclude any customers from Money Back promotions at any time.

For full T&C’s visit: https://pointsbet.com.au/terms-and-conditions

Make things easy for yourself this

Spring Racing Carnival

Chat to The Shark today to get daily horse racing picks delivered straight to you - this includes for the major races like the Melbourne Cup, Cox Plate, The Everest and more.