PointsBet Sportsbook Review

Updated October 2020
Coming Soon!

PointsBet Colorado is a unique online sports betting operator that features both fixed odds betting and a version of spread betting, which it calls PointsBetting.

As a new customer, you can receive the PointsBet Colorado welcome bonus of two risk-free bets worth up to $100 each. You can place wagers on more than 20 sports in pregame, in-play and futures markets.

This review looks at the features of the PointsBet Colorado sportsbook, including the types of bets and sports available, customer service and banking services. We’ll look at the web interface and the iPhone and Android apps. And, of course, more details about the potentially lucrative welcome bonus!

PointsBet Sportsbook bonus code

Online SportsbookPointsBet Online Sportsbook
Bonus CodePointsBet USA Bonus Code
Free Bet Offer$200 in risk-free bets
Deposit BonusNot Applicable
Legal StatesNew Jersey, Iowa, Indiana and Colorado
Last UpdatedApril 2020

PointsBet Sportsbook new player bonus in Colorado — terms & conditions

The PointsBet welcome offer comes in the form of two $100 risk free bets, related to the fixed odds and spread betting service. This bonus code sign-up offer is subject to the following terms and conditions:

  • Only new customers in Colorado are eligible.
  • Players must be 21 or older.
  • Use PointsBet bonus code.
  • Refund of up to $100 for losing first wager in each type of betting.
  • Maximum refund of $200 in the form of bonus bets.
  • Any winnings do not include the bonus bet stake.
  • PointsBet Colorado general terms and conditions apply.

The PointsBet CO welcome offer is a genuine 100% risk-free bet bonus. The value of the bonus bet equates to the value of the qualifying fixed odds and PointsBetting bet. However, some similar bonuses are unconditional, but the PointsBet offer depends on the first bets losing. A new customer with PointsBet in Colorado could receive no refund or a refund of $100 or $200 depending on the outcome of the two qualifying bets. The bonus is relatively lucrative and will help to attract new registrations to the PointsBet operation for players located in Colorado.

PointsBet 2020 promos

PointsBet has a reputation for providing current players with an excellent package of ongoing promotions. The welcome bonus is quite generous, so overall this operator looks after all customers with a decent range of bonuses and concessions. Some of the bonuses are event-specific and dynamic, but in April existing customers with PointsBet had access to the following 2020 promos:

NFL Draft Boosters

The PointsBet site features a Booster Hub where you can take advantage of some odds boosts. The maximum bet for any enhanced market is $100. The NFL draft is a massive event in the context of the upcoming season. Customers with PointsBet can profit from some boosters regarding players and their rank in the NFL draft.

Cross Sport Boosters

The Booster Hub also contains multiple bets across a number of sports. You can place multiples for outright markets in football, baseball, hockey and basketball. PointsBet offers enhanced odds for these multiple bets, and the maximum bet is $100. The qualifying bets can be in pregame and futures markets for this limited stake.

NFL Futures Boosters

All customers can also place bets at boosted odds for NFL futures markets. The qualifying bets can be on divisions, conferences and the Super Bowl. The maximum stake is $100, and the bets can be placed at any stage of the season. However, any related bets are not allowed, so you could not back a team to win a conference and the championship.

Losing Parlay Refund

You will get your stake back if there is one losing leg in a parlay of four selections or more. The maximum refund is $25, and each leg must be at odds of -500 or bigger. Bonus bets cannot be used as a qualifying parlay, but the refund is paid in the form of a bonus bet. Any winnings from the bonus bet do not include the stake.

How to sign up for an account at PointsBet

Potential new customers with PointsBet in Colorado follow this step-by-step guide to registering an account:

  1. Visit the PointsBet homepage and click “Sign Up.”
  2. Complete the required fields with personal and contact details.
  3. Enter the optional PointsBet bonus code.
  4. Specify a username and password.
  5. Verify that you are 21 or older.
  6. Confirm acceptance of the general terms and conditions.
  7. Click “Sign Up.”

The sign-up procedure is quick and seamless, and you can create a new account in a few minutes. There is then a prompt to deposit betting funds. This process takes place without delay, so you can now begin to place bets. The first fixed odds and PointsBetting bets activate the welcome bonus, which offers up to $100 in the form of bonus bets related to each type of betting. In order to earn the maximum amount in bonus bets, the initial deposit must be $200. However, you can deposit less, but the bet bonus will be adjusted accordingly.

PointsBet sports betting app

At the time of writing, customers with PointsBet in Colorado do not have access to a mobile sportsbook. However, the legal sites in other states are available in a mobile version, so you can expect the same service in Colorado. The PointsBet app can be downloaded to Android and iOS devices. There is also a website version if the browser is optimized for mobile platforms. The PointsBet app has the familiar branding, and it is intuitive and easy to navigate.

The PointsBet app does not feature a mobile-only welcome offer or any ongoing promotions specifically for mobile customers. The app is fully functional, so it has all the account management and betting features of the desktop website. Mobile customers do qualify for the standard welcome offer of up to $200 in the form of bonus bets. The ongoing promotions available on the website can also be claimed by players betting on mobile platforms.

PointsBet sports betting options

PointsBet players in Colorado can bet on over 20 sports and entertainment. These categories appear in a list of featured events and an A-Z list of sports. The most bet-on sports are the four main US professional and college sports and global sports, such as soccer, tennis and golf. One of the options on the main sports menu is in-play, which takes customers to the live betting platform.

PointsBet was the first spread betting operator in Australia through the PointsBetting service. Customers in the legal states in the US, including Colorado, can bet in fixed odds and spread betting markets. Bets are settled differently, and the maximum winnings and liabilities vary. The options are consistent across both types of bet and include the following:

  • Moneyline
  • Handicaps
  • Spreads
  • Round robins
  • Parlays
  • Teasers
  • Player props
  • Team props

Despite the variations between fixed odds and PointsBetting, the markets have the same features. The moneyline bet is the most common bet in the NFL, MLB, NBA and NHL. It is a bet on the winner of a game, and it’s usually a two-way market including overtime and penalties. However, bettors do have the choice to bet on the tie in a three-way market. Fixed odds handicaps and spreads are expressed in half points to eliminate a push and returned stakes. Bettors in Colorado like a definite outcome, and this is guaranteed with half-point quotes. Parlays and teasers are not so popular with spread bettors, and props are expressed in a range of numbers and odds.

Types of bets available

PointsBet offers customers two types of market: fixed odds and spread. It is rare for a spread betting operator to offer fixed odds on the same site. The company has a track record of spread betting in Australia, but US players are more familiar with conventional betting. The default odds format is American, but this can be changed to decimal or fractional. Spread markets are expressed in a range of numbers, so there is only one possible format. Here are the types of bet with PointsBet for customers who reside or are located in Colorado:

PointsBetting

Spread betting works on the following basis: the more you are right the more you win and, conversely, the more you are wrong the more you lose. PointsBet issues a spread of two numbers with an upper and lower limit. Customers bet on the outcome being higher than the upper number or being lower than the lower number. The profit or loss is based on the difference between the result and the spread multiplied by the stake unit. The maximum win or loss can be controlled by stop losses. Spread betting is not very common in the US, so PointsBet customers in Colorado have access to a rare betting service. However, other spread betting operators could enter the market.

Pregame

Customers with PointsBet located in Colorado can select from over 200 pregame leagues. The most popular pregame sport numerically is the Premier League in England. However, betting is hugely popular on the moneyline for fixtures in American football, baseball, basketball and ice hockey. Tennis generates a great deal of match betting at PointsBet, but this is one sport for which more bets are placed on the in-play betting platform. Pregame markets are updated as a result of team and injury news or when one team has been tipped by a respected tipster.

In-play

In-play betting is an important element of the PointsBet sportsbook for residents of Colorado. The site features live betting events for the four man US sports and soccer and tennis. At the time of writing, there is no live streaming, but bettors have access to a visual representation of the progress of play and can refer to live match data. It is possible to cash out pregame singles. The objective is to lock in winnings or restrict any losses before the final outcome. The value of the cashed-out bet depends on the original stake and bet and the odds on offer at the time of the cash-out request.

Futures

US bettors like to place futures bets on the winners of the main divisions, conferences and championships. Colorado-based players at PointsBet can select from a wide range of futures markets. Odds are issued after the preseason, and you can place a futures bet right up until the playoff finals. The most bet-on futures markets are the Super Bowl, Stanley Cup, World Series and NBA Finals. Other popular non-US futures markets are the soccer Premier League champions in England and the winner of major golf championships and Grand Slam tournaments in tennis.

How to place a bet on PointsBet

Here is a step-by-step guide to placing a bet on the PointsBet website and mobile app for customers located in the state of Colorado:

  1. Visit the homepage of PointsBet.
  2. Navigate to a sport or league through featured links of the A-Z list of sports.
  3. Click on the appropriate line.
  4. The bet slip appears.
  5. Add selections and choose the bet, which can be singles, multiples and system bets.
  6. Enter the stake unit and click “Place Bet.”
  7. On confirmation the account balance is updated immediately.

Most bets are accepted, but a small number are referred to the PointsBet trading department. Depending on the account history, some customers will be offered a smaller stake or have the bet rejected. PointsBet in Colorado wants to manage its risk, and one tool is rejecting bets from customers who have been marked down as wise guys.

Deposit and withdrawal options

Depositors with PointsBet in Colorado can select from a number of banking methods. The most common options are debit and credit cards, e-wallets, prepaid cards, bank transfers and cash transfers. Funds can be taken out of an account using the same methods. Deposits are instant and free of charge, and withdrawals are subject to delays. There are standard minimum and maximum transfers, which are documented in the site terms and conditions.

No other products available

Sports betting is the core PointsBet product, and the operator has not moved away from that focus. PointsBet customers in Colorado do not have access to a casino or live casino or any other gaming products. The lack of diversity is a positive because the bookmaker can concentrate on offering a comprehensive sports betting product.

PointsBet loyalty and refer-a-friend programs

Customers can earn reward points for every fixed odds and spread bet. Each fixed odds bet for $5 earns one point, a $1 parlay bet is worth one point and every dollar won or lost with PointsBetting gets one point. There is no limit to the number of points that each customer can earn. There is also a refer-a-friend program that credits existing customers with $50 for each new member they introduce. However, PointsBet is more active with promotions to attract new customers.

Customer service

Customers with PointsBet in Colorado can contact the operator through email and live chat. There is also a detailed help facility that provides answers to the most common questions across all the major functions of the site. There is no evidence of poor response times, indicating PointsBet reacts to questions in a timely manner. There doesn’t appear to be any reference to responsible gambling on the main areas of the site, but there could be some mentions in other areas.

Background

PointsBet is taking advantage of April 2020 legislation in Colorado that legalizes sports betting. The state is one of the emerging US markets that has introduced sports betting as a result of the repeal of the Professional and Amateur Sports Protection Act of 1992. The company was founded in Australia but launched in the United States in January 2019. As of April 2020, PointsBet is currently operating in New Jersey, Iowa, Indiana and Colorado, but we can expect expansion into other states.

Residents elsewhere can view the betting lines and bet types, but at the time of writing the company only accepts players from those four states. PointsBet has not yet entered the UK and European market, but this forward-looking operator could expand into those locations. PointsBet already operated in New Jersey before the introduction of the Colorado service.

Closing comments

The focus on two different types of betting could be a negative, but PointsBet in Colorado combines fixed odds and spread markets seamlessly. The range of sports is not the most comprehensive, but the main ones are covered. The value in the odds is about average, and the welcome bonus is relatively lucrative. There are no major flaws or missing features, and the in-play betting interface works well. Overall, players who reside in Colorado enjoy a positive betting experience with PointsBet on desktops with a mobile app probably imminent. PointsBet enhances sports betting in Colorado, where a number of other operators have been granted a license.