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Best Sportsbooks US / PointsBet Promo Codes & Deposit Bonus 2023

PointsBet Promo Codes & Deposit Bonus 2023

PointsBet Sportsbook Promo Codes

PointsBet Sports
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PointsBet Esports
PointsBet Esports Bonus
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PointsBet Bonus
Sports betting enthusiast

The latest PointsBet deposit bonus is refreshing and provides you with not one, but five free bets! We've got the lowdown below along with all the facts you need.

There's plenty of hype around the PointsBet sportsbook promo code and the benefits it offers to new players. We’re here to share our thoughts on the offer, along with expert tips for making the most of the deal. Keep reading to see what our team had to say about this breath-of-fresh-air bonus.

About sportsbook promo codes

As the online betting market in the US continues to grow, we’re seeing a rise in the number of sportsbook bonuses and promo codes. With the latest PointsBet welcome bonus, you are able to grab a deal that offers something unique.

The deal we are talking about is the $500 in free bets as part of the PointsBet Second Chance promo across multiple wagers. Further into this review we'll show you the best way to use the bonus to your advantage and how you can maximize your experience.

Using the PointsBet bonus

The welcome offer for new PointsBet customers is different but simple to understand. Similar to risk-free bets you see on other sportsbook sites, this deal gives you a second chance if your bet loses. The best part is that you can do this five times over.

Whether you call it insuring your wager, a risk-free bet or second chance, the offer is awesome value and provides a great platform for landing successful bets with a safety net if they lose. Be sure to enter the PointsBet sportsbook promo code when you register and you're good to go.

From your account, place a fixed odds bet of $0.50 or more each day for five straight days and if any of your bets lose, PointsBet will give you up to $100 back each time. It's good to know that there are no minimum odds, no opt-in needed and your first bet activates the promotional period. Meaning the offer is triggered from the day you wager, rather than the day you join, and runs for five consecutive days.

We've got more on the finer details in our FAQ below, but it's important to remember that terms and conditions of sportsbook bonuses can be updated or changed without notice, so always check the latest rules before you claim.

Top 5 expert tips to maximize your PointsBet deposit bonus

Once you understand the rules of the PointsBet bonus, it's straightforward to activate and use. However, expert tips will allow you to maximize the offer and enhance your betting experience.

Don't overlook the small-print

We understand that new promotions bring an air of excitement, and you may be tempted to dive straight in and get going. It's crucial that you don't overlook the small-print in order to fully understand the rules of the bonus and avoid disappointment or frustration further down the line.

Act quick, but not too quick

When you receive your free bet, it's advisable to not hang on to it too long. Not least because the operator has placed an expiry time of seven days. Therefore, from the date of being issued, you must use your free bet within this time or forfeit the funds.

Think about your wagers

The amount you get back as a free bet is equal to your wager. So the more you wager, the more you get back as a free bet. If you like the idea of betting on sports with higher amounts, carefully consider your options beforehand and within budget.

Activate the bonus at a time that suits you

The great news about this offer is that you can choose when it starts. Instead of automatically triggering upon signup, the first day of the five-day bonus only begins when you place your first wager.

Bet during peak sporting calendars

You can use this bonus on any sport or event at PointsBet. We advise betting during peak seasons to give yourself more options when it comes to placing the perfect wager.

Frequently asked questions about the PointsBet sportsbook promo code

Our experts have taken the most common questions surrounding this bonus and have provided clear answers to help you understand the promotion in detail.

What restrictions are there with the offer?

The maximum number of free bets you can claim is 5 and each bet covers a maximum of $100 each up to a maximum total of $500. If you don't wager on a given day within your five consecutive days, then you will not receive a bonus for that particular day. You cannot use the cash out feature during an active bet and free bets are non-refundable.

Am I eligible for the welcome bonus?

To be eligible for the welcome bonus, you must be a new PointsBet customer registering for the first time, be aged 21 or over and reside in one of the following states: CO, IA, IL, IN, KS, MI, NJ, PA, VA, WV.

Are there any wagering requirements or exclusions?

There are no specified wagering requirements with this bonus. However, cash out bets, voided bets and wagers placed with a bet booster do not count.

Do free bets have an expiry time?

You must use your free bet within 7 days of it being issued and credited to your account. Failure to do so will result in the bonus funds being forfeited and removed from your account balance.

Can I withdraw free bet credit?

Free bet credit cannot be withdrawn and free bet stakes are not included in winnings. However, you can withdraw winnings from successful qualifying bets. For example, if the total amount won is $100 including a free bet stake of $20, then the amount you receive will be $80.

Additional PointsBet promos and rewards

In this guide, we have covered the main bonus that is available on PointsBet. But did you know that there are also a plethora of other promos and rewards available? As you may have seen from our PointsBet review, the sportsbook operator is huge on rewarding both new and existing customers, so we've outlined a few of the best perks below.

  • PointsBet Rewards: You can earn reward points on every bet you place, which can be redeemed for free bets.
  • Partial Cash Out: Edge your bets with active bets and partially cash out to collect some of your winnings and let the rest ride.
  • Platinum Club: Level up your betting when you reach the top 5% of customers at PointsBet and receive an invite to a membership offering personalized benefits.
  • Diamond Club: Gives you a premier betting experience by invitation only and access to personalized promos, event tickets, meet and greet opportunities with PointsBet ambassadors and 24/7 customer service.
  • Good Karma Payout: Feeling unlucky or hard done by events that have unfolded after placing a bet? Get your wagers refunded as free bets by the Karma Kommittee.
PointsBet Sports Bonus

Bonus intro - A sportsbook welcome bonus with plenty of opportunities

The welcome bonus at PointsBet is ideal for beginners to online betting and experienced bettors. You can bet on any of the 20+ sports available on the PointsBet site or app and the team behind the brand are on-point when it comes to highlighting featured and popular markets. This allows you to spend less time trawling through odds and more time placing the bets on sports you love. What's more, this bonus is split into five different free bets across five days for great opportunities and potential.

Reality test - Quick turnaround and automatic awards

As avid sports fans ourselves, we found that the PointsBet sportsbook bonus was easy to claim and activate. No sooner had we created our new account, we were ready to wager and began searching for markets. The good thing about this bonus is we didn't have to constantly check and cross-reference the bonus rules for eligible markets or odds. All sports, markets and odds were eligible providing the stake was above $0.50, which is super low anyway.

Bonus withdrawal - Cash out your winnings whenever you want

You are not able to withdraw the bonus funds directly. But that's no surprise as it's very common in the online betting industry. After all, if sportsbook's were to allow you withdraw the free bet creditas cash they'd be bankrupt within a day. However, you are free to withdraw any winnings of any amount from your free bets without being tied to wagering requirements

Pitfalls - Some downsides to an awesome bonus

With the highs come some lows. But we feel that they're only minor and not enough to discourage bettors. Your free bet is not included in any winnings. The maximum number of free bets you can claim is five and free bets are capped at $100 each. You've also got to make sure you use your free bet within seven days or lose it, and you cannot redeem or withdraw the free bet as cash at any time.

Verdict on bonus - An impressive deal

The welcome package of free bets from PointsBet is a great idea and the minimum stake required to trigger the bonus is more than reasonable. In fact, it's easy to see why bettors are choosing this sportsbook when you get not one, but five risk-free bets. What's more, free bets can be split equally up to four times, giving you plenty of opportunities to pick winning selections. Another very good point is that you can skip a day and still pick up a bonus the next day.

PointsBet Esports Bonus

Bonus intro - Introducing the PointsBet bonus for esports fans

Fans of esports are uniting behind the introductory bonus offer from PointsBet that is eligible on various Counter-Strike Global Offensive and League of Legends betting markets. Deposit and bet upwards of $0.50 on five consecutive days and get up to $500 in free bets if things don't go your way. Each of the five bonuses has a cap of $100 per day and can be split into four equal parts should you wish to do so.

Reality test - A simple but effective multi-risk-free bet package

After signing up and activating the bonus with the PointsBet promo code, we felt in complete control of the free bet promotion, as it only commenced once we placed our first qualifying bet. Claiming it was easy and free bet funds were automatically credited to the account wallet when we failed to land a successful selection. Out of the available five days, we had successful bets on two of them, which meant we claimed three free bet bonuses on three of the other days.

Bonus withdrawal - A flexible welcome bonus with freedom to cash out

Whether you're wagering on CSGO ESL Pro League or LoL European Masters, you'll be glad to know that any winnings you make from your free bets are withdrawable immediately and are not subject to wagering requirements. However, the free bet stake is not returned, meaning your winnings total from each bet excludes the amount and will differ from the total as displayed on your betslip.

Pitfalls - Only a few esports in a growing market

As with all bonuses, there are some pitfalls that you should be aware of before redeeming the offer. Free bets are capped at $100 per day, even if your losing wager is greater than this amount. Also, if you miss one of your five days, the bonus does not roll over and you simply lose the chance of a free bet on that particular day. Additionally, free bets must be used within seven days of being issued or they will be forfeited and removed from your account.

Verdict - Betting on esports? It's a yes from us

Although the PointsBet website lacks some esports and markets in this area, we still give it a resounding yes when asked if the bonus is worth claiming. The thought of passing up on five free bets seems crazy as you have little to lose and a lot to gain. Plus, with a free bonus everyday for five days, there are plenty of opportunities to research events and competitions to maximize your returns and tweak your selections.

Conclusion: A quality PointsBet sportsbook bonus with a difference

From our analysis, it's clear to see that PointsBet wants to stand out from the crowd. This welcome bonus gives you the perfect chance to have another bite of the cherry if things don't go your way, multiple times over.

The part that impressed us the most was the fact that this is like getting five bonuses in one and winnings from any free bets are not subject to wagering requirements. Giving you the freedom to withdraw whenever you want. Whether you're a fan of the Packers, Lakers or the Yankees, this offer is inclusive of all sports and events, including esports and is definitely worth a shout. Similar to this, we also have Virgin casino review, click here to know more information.

PointsBet deposit bonus FAQ

❓ Do I need a PointsBet promo code?

The latest sportsbook welcome bonus at PointsBet is definitely not to be missed. As we've covered in other bonus reviews such as our DRF Sportsbook promo review, knowing whether or not a promo code is required to redeem the bonus is crucial to enjoying free bet offers. Drop by our review guide here at to get the lowdown on this bonus, including promo steps to follow and required credentials.

🎁 Can I claim a PointsBet deposit bonus?

There are plenty of PointsBet bonuses and promotions on offer to residents in qualifying states. Find out which states are eligible and get all the information you need about available bonuses in our review guide at

🔥 Is the PointsBet bonus as good as it sounds?

At, we put many sportsbook promotions like the latest PointsBet offer through their paces. Read all about it and see the benefits and drawbacks so you can make an informed decision about whether or not it's right for you.

🔎 Where can I find the latest PointsBet promo codes?

Knowing where to find valid sportsbook promo codes can be tricky. Luckily our experts here at PromoGuy have put together a catalog of the best bonuses and offers that can be redeemed by using promo codes in your region, want to know the latest Virgin Casino bonus? Want to find out what PointsBet have got going on? It's all here at PromoGuy.

📱 Can I claim a PointsBet welcome bonus on my mobile?

Before you claim a top-rated sportsbook bonus like the one at PointsBet, it's important to know that you are going to be able to access the platform on all your preferred devices. Check out our guide here at PromoGuy to get all the facts and information you need about device compatibility and apps.

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