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USA TODAY > Betting > Sports > PointsBet Promo Code $500 in Second-Chance Bets (August 2023)

PointsBet Promo Code $500 in Second-Chance Bets (August 2023)

Why PointsBet?
Promo Code
NOT REQUIRED
Accepted Payments
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Must be 21+. T&Cs apply.

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by Martin Green | Gambling.com

You can claim the PointsBet Promo Code of up to $500 in second-chance bonus bets if you activate the offer today. Just place a fixed-odds wager worth up to $100 on each of your first five days as a customer, and you will receive a full rebate if you lose. The rebate will be paid as a bonus bet, which will have a simple 1x playthrough requirement before you can cash out.

Our review explains how you can redeem this PointsBet promo and breaks down the straightforward wagering requirements. We will also discuss the PointsBet loyalty program, the unique features it offers and the vast selection of exciting betting markets that it provides. Keep reading to learn more about this innovative online sportsbook.

Best PointsBet Promo Code

The PointsBet promo code offer earns new customers a second-chance bonus bet worth up to $100 on their first fixed-odds wager each of their first five days. To qualify for this PointsBet bonus, just follow our “Bet Now” link, create an account and place a fixed-odds wager on any game or event. If it wins, you will be paid in cash.

If your first bet loses, you will get your money back as a bonus bet, up to a limit of $100. It will have a 1x rollover requirement, and you can then cash out any winnings earned. You can then repeat the process on your second, third, fourth and fifth days, meaning the bonus is worth up to $500.

PointsBet Promo Code Terms

You need to be 21 or older to claim this bonus. It is available in every state in which PointsBet Sportsbook is legal, apart from New York. You must place a wager worth $0.50 or more to qualify. It can be on any fixed-odds market, including pre-game bets, in-play bets, traditional parlays or same-game parlays, and there are no minimum odds. PointsBetting markets do not count for this PointsBet bonus.

If your first bet loses, you will be reimbursed with a single bet credit, up to a maximum of $100. It will have a 1x rollover requirement, which is ideal for any sportsbook promo codes you sign up for. You cannot break it down into smaller bets, so just place a single wager, and any winnings you earn from it will go into your withdrawable cash balance. PointsBet will give you seven days to complete the 1x wagering requirement.

You can then follow the same process on each of your next four days after signing up. Your first fixed-odds bet each day will qualify. The bet credits can also be used on any fixed-odds markets, with no minimum odds conditions.

How to Sign Up At PointsBet & Apply the Promo Code

It is easy to sign up at PointsBet and redeem this welcome bonus. Just follow these steps:

  1. Click the “Bet Now” link displayed on this PointsBet review page. It will take you through to the site, and the sign-up form will be displayed in the center of the screen,
  2. A message will explain the welcome bonus you have qualified for: “Get up to 5 Bonus Bets up to $100 each if your first Fixed Odds cash bet of the day loses (1 per day for 5 straight days).” You do not need to enter a specific promo code, as clicking our link earns you the welcome bonus.
  3. Choose your state from the dropdown menu. Enter your name and email address, and then hit “CONTINUE.” Complete the form by filling in some additional personal and contact details. Choose a password, accept the T&Cs and submit the form.
  4. If your identity cannot be verified automatically, upload the requested documents to complete your application. When PointsBet has approved your account, make a minimum deposit of $5 in the online cashier.
  5. Add any fixed-odds pick to the betslip and wager $0.50 or more. If it loses, you will get the money back as a bet credit, up to $100. Complete a 1x rollover requirement within seven days. Follow the same process on your second, third, fourth and fifth days to claim up to $500 in second-chance bets.

PointsBet Promo Code Reviews

"I got some nice bonuses during the Super Bowl when I signed up. All in all, their great customer support and unique betting options is what makes me consider them my favorite book." - Sporthawkz

"The app itself has functioned flawlessly so far. In terms of the sports book, the list of promotions is never ending and it seems like there is a new one every day." - Collin649

"I use 8 different sportsbooks, but this one's my favorite. Great promos and boosts." - Tyler Bogart

"PointsBet is the 5th sports betting app that I've tried and has now become my favorite. They really set themselves apart from the competition in more ways than one! Wish I started using this app a long time ago." - Joshua Smith

PointsBet Promotions

PointsBet does display any recurring promos on its site. However, you can sign up for a daily newsletter called The PointsBet Hustle, which will alert you to offers on an ongoing basis. They generally fall under a “Power Hour” banner, which lasts from 6 p.m. to 7 p.m. ET. You can also earn loyalty rewards, and it offers a racebook bonus and a casino bonus in certain states, too. We have briefly explained these PointsBet bonus code offers below.

Power Hour

You can sign up for The PointsBet Hustle, or you can access it within the website or the mobile app. It is designed to “spotlight our biggest bets, juiciest promos and strongest insights.” You will find details of promos aimed at existing customers on this newsletter. For example, a recent deal offered boosted odds on the top 20 golfers at a particular PGA Tour event, and another offered bonus bets.

Racebook Bonus

In May 2023, PointsBet launched an online racebook in 25 states. It is live in Alabama, Colorado, Delaware, Florida, Idaho, Indiana, Iowa, Louisiana, Minnesota, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Washington, West Virginia, Wisconsin and Wyoming.

In those states, you can claim up to $250 in bonus bets. PointsBet will give you a $25 bonus bet for every $50 you wager during your first 14 days, up to a maximum of $250. Each bonus bet will have a 1x rollover requirement.

Casino Bonus

PointsBet has online casinos in four states: in Michigan, New Jersey, Pennsylvania and West Virginia. If you sign up for an account, you can claim up to 400 bonus spins.

It will give you 10 free spins if you wager up to $49 on your first calendar day. That goes up to 50 spins if you wager between $50 and $199, 100 spins for players that wager $200 to $499, 200 spins if you wager $500 to $999, and 400 spins if you wager at least $1,000. Any wins earned from the bonus spins will be paid in cash, and it is one of the better casino apps available.

PointsBet Rewards Program

You will be enrolled in the PointsBet Rewards program when you sign up for an account. It will award you 1 point for every $5 wagered on a straight fixed-odds bet and every $1 wagered on a parlay. You will also get 1 point for every $1 won or lost on PointsBetting. Each point is essentially worth $0.01, as you can trade in 250 points for $2.50 in bonus credits, 500 points for $5 in bonus credits and so on.

PointsBet Site Features

PointsBet also highlights its site features on the promos page. They include a user-friendly same game parlay builder and the opportunity to cash out live bets before a game ends. Some sites only allow you to cash out your wager in full, whereas PointsBet offers partial cash out. That means you can cash out part of the bet early and leave the rest riding on the outcome of the game. It also offers live hole-by-hole golf betting, with unique leaderboard tracking data.

PointsBet Promo Codes By Sports

You can use the PointsBet welcome bonus on any of the sports listed on the site or the PointsBet Sportsbook app. These are the most popular leagues and events for anyone that had redeemed PointsBet promotions:

NFL Promo Code

PointsBet is a great option for NFL fans, as it offers a huge array of markets, previews, line movement stats and additional features. It often provides sharper odds than rival NFL betting apps, too.

If you claim the PointsBet promo code, you can place a bet on any fixed-odds pro football market, and you will get a rebate of up to $100 – paid as a bonus credit – if it loses. You can then follow suit on your next four days as a customer. Just remember that NFL PointsBetting markets will not qualify. There typically are additional NFL betting promos during the season, including odds boosts.

Super Bowl Promo Code

You will also be able to use your PointsBet promo code on the Super Bowl if you sign up in February. Just place a bet on the big game on each of your first five days, and any of them that lose will be reimbursed with bet credits. You can check out some great promos from rival Super Bowl betting sites, too.

NHL Promo Code

You can use the PointsBet sign-up promo code on NHL games. Just place a fixed-odds bet of between $0.50 and $100 on each of your first five days as a customer. If any of those NHL wagers lose, you will get your money back as a bet credit, with a 1x playthrough requirement. Check The PointsBet Hustle on a regular basis to see if any additional NHL bonuses are available, too.

NBA Promo Code

PointsBet is one of the best NBA betting sites. It offers more than 1,000 markets on a single game, including fixed-odds bets and PointsBetting. If you redeem the PointsBet sign-up code, you can place a fixed-odds wager on an NBA game for five straight days, safe in the knowledge that will reimburse you with a bonus bet worth up to $100 if any of those wagers lose. There may be some additional Power Hour NBA bonuses, so opt-in on any promotional emails.

MLB Promo Code

The PointsBet mobile app and website are also popular among MLB fans, due to the quality of the odds and the breadth of markets on offer. The promo code for PointsBet can be used on any MLB games. Just wager $0.50 or more on each of your first five days to qualify, and you will get a rebate of up to $100 in the form of a bet credit if it loses.

March Madness Promo Code

PointsBet does not launch any specific March Madness promos, but the flagship welcome bonus is perfect for the frenetic nature of the NCAA Division 1 Men’s Basketball Tournament. It allows you to place a wager of up to $100 on college basketball games on each of your first five days, and you will be refunded with a bonus bet if you are unsuccessful.

States Eligible to Use PointsBet Promo Code

PointsBet is one of the most widely available online sportsbooks in the United States. The company made its US debut in New Jersey back in January 2019, and it has rapidly expanded into lots of additional states. You can use the PointsBet promo code if you are physically located in Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Virginia or West Virginia.

You do not need to be a resident of one of those states to claim the PointsBet Sportsbook promo code offer. That means you can cross the border into one of those states and claim it if you live near one of them or are simply visiting. PointsBet Sportsbook is also live in New York, but it does not offer a sign-up bonus there. Many New York sports betting apps have stopped offering promos in New York as a direct result of the 51% revenue tax that the state takes.

States Where PointsBet is on the Way

PointsBet is unlikely to expand into any new states. In July 2023, Fanatics – the Florida-based online sports apparel retailer – completed a $225 million deal to purchase PointsBet’s US operations. The company has created a division called Fanatics Betting and Gaming, headed up by former FanDuel chief executive Matt King.

It recently unveiled a new sportsbook called BetFanatics. The company is expected to replace PointsBet with BetFanatics in many states, such as MD, MI, NJ, NY and OH, so we are unlikely to see PointsBet expand into any additional states for the foreseeable future.

PointsBet Banking Options

PointsBet offers a range of free, secure options for deposits and withdrawals. The limits are broad and the banking process is smooth via the PointsBet Sportsbook app or the website.

Deposits

The minimum deposit accepted at PointsBet is just $5, which is lower than the minimum threshold at most rival online sportsbooks. If you would like to make a large payment, you can contact the customer service team to discuss.

Visa and MasterCard payments are accepted, including credit cards and debit cards. Alternative methods include PayPal, ACH/e-check or online banking via Trustly. If you would prefer to pay cash, you can use PayNearMe at a store such as 7-Eleven. Cash at the cage is available at Bally’s Atlantic City in New Jersey, the Meadowlands in New Jersey, Catfish Bend Casino in Iowa or three separate locations in Illinois.

Withdrawals

PointsBet also offers a $5 minimum withdrawal, so it is a great option for anyone on a tight budget. There is no official maximum withdrawal, but we recommend contacting a customer service agent to discuss any large payments, as you may be invited to join the VIP program.

Your options are PayPal, ACH/e-check, online banking or cash at the cage in New Jersey, Iowa or Illinois. It typically takes PointsBet 1-2 business days to process and approve payout requests. You will then receive your funds within 30 minutes via PayPal, whereas e-checks and bank transfers can take an additional 1-3 business days to arrive.

PointsBet Support

There are two main customer support channels at PointsBet. You can use live chat to speak with an agent 24/7, or you can send an email. We recommend using live chat, as it is a significantly quicker channel.

Our requests were answered promptly and diligently when we tried it out. The agents we spoke to seemed friendly and knowledgeable, and they were quick to reply to follow-up questions. You can also browse an online help center, which offers a lot of information.

PointsBet Sportsbook Review

PointsBet is an Australian company established in Melbourne back in 2015. It set up an office in New Jersey when it expanded into the US market in 2019, and it now has a large US headquarters in Denver, Colorado. This online sportsbook has always offered several exciting points of difference to distinguish itself from rivals in the United States.

For example, it offers more betting options than any competitors, with lots of unique PointsBetting options. It also provides unique features, such as data on line movements, written previews, blogs, podcasts and more. In the past, it offered a “Name a Bet” feature, which allowed you to request odds on any exotic prop, and it also provided reduced juice NFL betting lines. They are not currently available, but they may return in the future. Either way, it is an innovative, user-friendly sportsbook, with lots of great features.

PointsBet User Experience and Interface

This section will discuss the overall PointsBet user experience. We have broken it down into the PointsBet mobile app and the website.

PointsBet Site

The PointsBet site is stylish, aesthetically pleasing and easy to navigate. You can access a comprehensive menu on the left of the homepage. It allows you to search for a sporting event, or you can quickly access live betting, streaming, games about to begin or a Sports A-Z. There are links to promos and quick parlays too, followed by popular leagues and featured events.

Pages load quickly, and the betting options and features are arranged in a neat format. If you click on a game, you can instantly check out fixed odds. Use the tab to move across to a same game parlay builder or to check out PointsBetting options. The tracker button highlights line movements, and you can also access written previews of the games. Navigation is easy, and the experience is impressive.

PointsBet App

The PointsBet mobile app follows the same design as the website. It features the same shortcuts, categories and options too, but they are optimized for mobile use. We found the app to be quick and highly reliable when we used it. The user reviews are impressive too, as it has an average rating of 4.8 stars on the App Store and 4.4 on Google Play, having received more than 50,000 reviews.

PointsBetting

PointsBet offers the standard, fixed-odds markets available at rival sports betting apps, but it also offers a unique form of wagering called PointsBetting. Some operators in Europe provide this service, but PointsBet is the only sportsbook in the United States that offers it. The PointsBet team will make a series of predictions on a sporting event, and you can go short or long – just like speculating on a financial instrument.

For example, it might predict 8.8-9.3 runs in an MLB game. If you expect 8 runs or fewer, you can go short at 8.8. If you expect 10 or more, go long at 9.3. Your profit or loss is not fixed. It is calculated by multiplying your bet amount by the result and the price you took when you placed the bet. As such, it can be risky, but it can also lead to large profits if you make astute predictions.

PointsBet Promo Code Pros & Cons

PointsBet is a very impressive online sportsbook, which provides a strong overall user experience, but all sites have specific strengths and weaknesses. These are the main advantages and disadvantages that PointsBet offers sports bettors:

Pros
More betting options than rival sportsbooks
Sign-up bonus is split into five bets
Offers lots of sophisticated features
Cons
Fewer recurring promos than competitors
PointsBetting can be risky
Fewer banking options than some rivals

PointsBet Promo Code Compared to Other Operators

The PointsBet promo code is attractive, as it gives you five bites of the cherry. You can place five separate wagers and get a rebate of up to $100 – paid as a bet credit – if any of them lose. By contrast, Caesars Sportsbook promo code earns you up to $1,250 paid back as a bonus bet if your first wager loses, but you can only use the promo once. On the plus side, it is a very large bonus, and you also get 1,000 Caesars Rewards points as part of the deal.

The BetMGM bonus code is similar, as you get up to $1,000 back if your first bet is unsuccessful. If your wager was worth $50 or more, the rebate will be split into five bonus bets, which all come with a 1x rollover requirement.

If you want a different type of sign-up bonus, the Bet $5, Get $150 DraftKings promo code is appealing. It earns you six guaranteed bonus bets worth $25 apiece for simply placing a $5 qualifying wager, and they only have a 1x rollover requirement.

Get the PointsBet Promo Code Today

You can claim up to $500 in second-chance bonus bets by claiming the PointsBet promo code today. This is an appealing sign-up bonus, as it covers five separate wagers, and it only has a 1x rollover requirement. You will then benefit from a wealth of great features, unique betting markets and regular promos, along with an excellent rewards program. Click our “Bet Now” button to get started at PointsBet Sportsbook today.

PointsBet Promo Code FAQs

The PointsBet Sportsbook promo code earns new customers up to $500 in second-chance bonus bets. You can place a fixed-odds wager worth up to $100 on each of your first five days after creating a PointsBet account. If it loses, the PointsBet deposit code will reimburse you with a bonus bet, which has a 1x rollover requirement.
You simply need to use our "Bet Now" link to claim the PointsBet promo code. Deposit $5 or more, and then place a bet on any fixed-odds market - PointsBetting markets are excluded from this PointsBet welcome bonus - and you will be reimbursed with a bonus bet if it loses. Repeat the process on each of the next four days.
Anyone 21 or older and located in CO, IA, IL, IN, KS, LA, MD, MI, NJ, OH, PA, VA or WV can claim the PointsBet Sportsbook promo code. You can use the PointsBet mobile app or the website. If your first fixed-odds wagers lose on your first five days, you will be reimbursed with bonus bets.
You will have seven days to complete a 1x playthrough requirement on any bonus bets earned via the PointsBet bonus code. If you do not use them in time, the bonus bets will expire. They were previously referred to as free bets, but sportsbooks now call them bonus bets, as you can only withdraw if you satisfy the rollover requirement.
You will not need to enter a specific PointsBet sign-up code to claim the welcome bonus. Simply follow the "Bet Now" link we have provided, and you will automatically qualify for the PointsBet sign-up bonus. It will earn you five second-chance bets worth up to $100 apiece.
You can click our “Bet Now” link and then create an account to claim the PointsBet bonus code welcome offer. Just make a deposit and place a bet on any fixed-odds market, and you will be reimbursed with a bonus bet if it loses. This PointsBet deposit bonus covers your first bet each day for five days.
Anyone aged at least 21 and located in Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, Ohio, Pennsylvania, Virginia or West Virginia can redeem the PointsBet sign-up bonus. The PointsBet deposit code is not available in New York, as the state imposes significantly higher revenue taxes than other legal sports betting markets.
Martin Green  for USAToday.com
Martin Green Gambling.com 54 Articles written
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He began working as a sports writer and professional tipster in 2014.