The Australian sports betting operator, PointsBet, entered the U.S. market in January 2019. It originally launched in New Jersey and is now operating in 12 states, pending legislation. PointsBet expanded its corporate headquarters to Colorado with a location in Denver in 2020.
The Australian betting operator is quickly becoming popular with bettors across the U.S. PointsBet offers over 1,000 betting markets on NBA games and offers a unique betting market called PointsBetting. Originally founded in 2015, PointsBet continues to find ways to grow into a global sports betting brand.
PointsBet Sign-Up Bonus
When you sign-up for PointsBet, you will receive two bonuses worth up to $2,000. The first one is a second chance fixed odds bet that you can use on any sports betting market. The second one is a second chance PointsBetting wager that gives you a chance to win up to $1,500.
Iowa PointsBet Welcome Bonus
Iowa PointsBet Welcome Bonus Details
|Second Chance Fixed Odds Bet Bonus||$500|
|Second Chance First PointsBetting Wager Bonus||$1,500|
|Iowa Eligibility||Must be physically in Iowa and a new user to gain access to the bonus|
|Staff Verified Date||February 5, 2023|
After you make your first deposit into PointsBet, you will be eligible to receive your $2,000 in second chance bonuses. If you win the bet for the fixed-odds free bet, you will receive additional funds that go into your bankroll. If it loses, then PointsBet will credit you up to $500. You will want to take full advantage of the bet, so make sure you deposit at least $500 into your account. The free bet also has playthrough requirements to withdraw the funds. If you win the full $500 bet, you will have to wager the winnings to withdraw them.
The free Pointsbetting wager works a bit differently. PointsBetting is a unique way to score big if you are confident that a bet will hit. The first bet is free, and it gives you a chance to win up to $1,500 depending on how much you are willing to put down with your free bet. The PointsBetting wager also has playthrough requirements similar to the second chance fixed-odds bet.
PointsBet is a great app to use for any betting experience you have. You will see how great the app works along with the numerous betting markets PointsBet offers. The Australian betting operator is also very good at releasing odds earlier than other sportsbooks, so you can bets in on games right away.
The PointsBet mobile app is offered for IOS and Android users. IOS users can find the app in the App Store, and Android users can download the PointsBet app at pointsbet.com. The overall design of the app is clean and makes navigation very easy.
When you log into PointsBet, there is a two-step verification process where the app will send a six-digit code to log in. This is great for security in case anyone was to try to hack into your account. When you log in, you will see all the popular games to bet for that day, along with popular leagues to bet.
It is organized from Menu, Sports, In-Play, Quick Parlay, and My Bets at the bottom of the screen. This allows you to get to where you need to go within a few clicks. In the top-left hand part of the screen or desktop, you will see your account where you can deposit funds, look at your account, check promotions, and more.
Everything about using PointsBet is easy to do, and one of the best apps to navigate on the market. There are little to no bugs you will encounter while betting with PointsBet.
PointsBet has a variety of sports betting and betting markets you can take advantage of every day. The Australian betting operator has 15 sports to choose from, including:
- Aussie Rules
- Motor Racing
- Rugby Union
Each sport also contains college betting markets and international betting markets, depending on the sport. 14 sports is a lot to choose from, and then the sports can also be broken down even further with international and college leagues.
PointsBet also has one of the largest betting markets among operators in the U.S. PointsBet has over 1,00 0 betting markets for individual NBA and NFL matchups in some games, giving every chance to win money. The betting markets include:
- Points spreads
- Game totals
- Money lines
- Player props
- Team props
- Game props
Although this does not feel like PointsBet can get 1,000 different betting markets out of six traditional betting markets, the Australian betting operator also offers unique betting markets like “How many seconds it will be before the first scoring play” or “Largest lead acquired by either team at any point during the game.” The list can go on, which is how PointsBet makes its product betting than other sportsbooks in a given state.
PointsBet also has a solid banking system to help you deposit and withdraw money into your account. The four popular method payments are debit card, credit card, electronic check, and PointsBet prepaid card. You can also use PayNearMe along with Paypal to get money into your account. The minimum deposit is $5 with debit and credit cards.
For withdrawals, the best ways to receive your money are through your debit or credit card, along with an e-check. Depending on where you live, you can also withdraw your funds at the cage at the retail sportsbook location. When you withdraw your funds electronically, it normally takes between 48-72 hours to receive your funds.
What is PointsBetting?
One of the more popular attractions on the PointsBet mobile app is PointsBetting. Basically, PointsBetting is a high risk – high reward betting proposition where you can win big if you are very confident in the side you are betting.
How it works?
Let’s say the Chicago Bears, and Minnesota Vikings total is set at 50, and you think the game will go well over the total. You place a $1 PointsBetting wager, and the game total hits 60. Every point the game goes over, you win your wager amount of $1 x 10 points = $10. If you placed a $5 wager, then your winnings would be $50.
However, the opposite can happen, and you can have a tough loss if the total doesn’t hit. If the Bears and Vikings total is 50 and you bet $1 on the over, but only 40 points are scored, you will lose $10. If the bet is $5, then you would lose $50.
This type of betting can be dangerous if you start PointsBetting carelessly. With the OintsBet promo code, however, bew users can start off with a second chance free bet. PointsBetting should be saved for your best bets, or bets you are super confident in. If you are not confident in a bet, you should not use PointsBetting for a chance to win big.
You have an equal chance of winning and losing big, so tread lightly when trying this feature. PointsBet does have stop-loss settings that you can use to limit your losses on individual bets.
Pros and Cons of PointsBetting
The pros of PointsBetting is when you are super confident a bet will, and PointsBetting allows you to win more than just the original bet. It gives you a chance to win money for every point the bet wins by compared to just winning the bet if it hits.
However, the other side is the chance of huge losses as well. You could lose a lot of money for every point your bet loses. PointsBetting should be done in small quantities, so you are not overexposing your bet or your bankroll.
Iowa Betting Market Expansion
Iowa launched sports betting in October 2019 and has done very well for a state with just over 3 million residents. In November 2020, the state hit a record betting handle of $87.2 million. Now, the Hawkeye State has a chance to expand the betting market thanks to mobile betting registration. Iowa could see a month where the betting handle hits $100 million thanks to Iowa changing its sports betting rules.
Mobile Registration Begins
On January 1, 2021, Iowa began allowing bettors to create mobile betting accounts from home instead of in-person. This is a huge boost to the Iowa betting market because now Iowans can create sports betting account with operators that are not in the local area and can now use any sportsbook in the state. People that live in rural Iowa can also begin creating sports betting accounts.
Operators like PointsBet are looking to capitalize on the expansion of the market. Instead of only advertising to bettors in Burlington, where its retail sportsbook is, it can expand to everyone in the state with mobile betting registration. PointsBet can earn close to 10% market share in the state, a goal for the Australian betting operator in the U.S.
PointsBet Iowa FAQ
- What is PointsBet?
- Does PointsBet have a mobile betting app?
- Who is PointsBet partnered with within Iowa?
- What is the PointsBet sign-up bonus?
- What is PointsBetting?
- Can I win more than I bet with PointsBetting?
- Can I create a PointsBet Iowa account from home?
- How do I download the PointsBet app?
- Do I have to pay taxes on my bets?
- Is PointsBet legit?
What is PointsBet?
PointsBet is an Australian sports betting operator that entered the U.S. betting market in New Jersey in January 2019. In October 2019, they entered the Iowa betting market and continued expansion across the U.S. Today, they expect to enter 12 U.S. states pending legislation.
Does PointsBet have a mobile betting app?
Yes, PointsBet has a mobile betting app. It is available in the very state they have operations in. PointsBet has one of the industry’s best apps with its design and its easy use. You can download the PointsBet app for IOS and Android phones in the App Store or at pointsbet.com.
Who is PointsBet partnered with within Iowa?
PointsBet is partnered with Catfish Bend Casino in Iowa. The retail location is in Burlington, located on the Illions – Iowa border, and has a population of 24,838 as of 2018. PointsBet is one of the smaller retail locations in Iowa but now can expand with mobile betting registration.
What is the PointsBet sign-up bonus?
PointsBet offers two sign-up bonuses when you create an account. The first is a $500 second chance fixed-odds bet that you can use on any sport or betting market on the app. The second is a chance to win up to $1,500 on a free PointsBetting wager via another second chance free bet.
What is PointsBetting?
PointsBetting is a unique high-risk, high-reward betting proposition where you have a chance to win big if you have confidence in your bet. Instead of winning just the standard bet you make, you have a chance to win for every point you win your bet by. This also means you can lose big as well if your PointsBetting wager does not hit as well.
Can I win more than I bet with PointsBetting?
Yes, you have a chance to win for every point you win your bet by. If you bet $1 on an over and it goes 10 points over the total, you will $10 (10 points x $1). If you bet $5 on the same over, then you would win $50. PointsBetting should be used limitedly and only for the most confident bets you have.
Can I create a PointsBet Iowa account from home?
Yes. On January 1, 2021, Iowa began allowing bettors to create mobile betting accounts from home. Before 2021, bettors had to create sports betting accounts in-person, making it difficult for people to create different sports betting accounts outside of the area’s operators. Now, everyone in the state has a chance to create a sports betting account.
How do I download the PointsBet app?
Depending on which mobile device you have, you can download the Points Bet mobile app in the App Store or pointsbet.com. The app can be downloaded for IOS and Android phones. If you have an Android, the Google Play Store does not offer gambling apps, so you will have to download PointsBet from its website.
Do I have to pay taxes on my bets?
The only way you have to pay taxes with PointsBet is if you place a $600 or more wager on a bet with 300 to 1 odds (+30000). Both of these are required to receive this form, and PointsBet will email you if you qualify for this. You will receive a W-2G before January of the upcoming if you believe you qualify for a tax form.
Is PointsBet legit?
Yes, PointsBet is one of the best and fastest growing sportsbooks in the U.S. It is legal to use PointsBet under Iowa gaming laws, and a reliable and secure sportsbook to use. PointsBet also has two headquarters in the U.S. because it knows how important customer service is to bettors in the country.
PointsBet Sportsbook Iowa Review
Name: PointsBet Sportsbook
Description: PointsBet is one of the fastest-growing sportsbooks in the U.S. The Australian sports betting operator can enter 12 U.S. states, pending legislation, in 2021. Originally beginning in Melbourne, Australia, it expanded to the U.S. in January 2019 and has been a huge hit in the states. With a great mobile betting app and thousands of betting markets to choose from, PointsBet is great for experienced and begging sports bettors.
Operating System: IOS, Android
Application Category: Game
Overall, PointsBet is one of the best sportsbooks to use in Iowa. Now that the Hawkeye State has mobile betting registration online, anyone in the state can take advantage of the experience. PointsBet has a great mobile betting app that is easy to navigate and a ton of betting markets to choose from. PointsBet also gives new users $2,000 in sign-up bonuses so you can get a huge bankroll to begin your betting journey.
- Great Mobile Betting App
- $2,000 in Sign-Up Bonuses
- Single Games Can Reach Over 1,000 Betting Markets
- PointsBetting is a Unique Betting Feature to PointsBet
- Cannot Create Teasers or Round Robins
- Can Lose A Lot Using PointsBetting