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In November 2021, the New York Gaming Commission formally granted PointsBet Online Sportsbook one of just nine coveted mobile betting licenses, which allowed PointsBet New York to go live online on January 25, 2022.
There is a lot to like about PointsBet Sportsbook, and there is a lot to like about the legal New York online sports betting market — which bettors in the state have been waiting for since the Supreme Court overturned PASPA in 2018, the historic court ruling that paved the way for states to legalize sports betting. PointsBet Sportsbook New York has quickly established itself as one of the premier online sportsbooks in the ever-growing legal United States legal marketplace. The company is a subsidiary of Australian-based PointsBet Holdings Limited and will be a force to reckon with in the New York online sports betting market.
PointsBet Sportsbook shines due to its quality software (for both desktop and mobile device users), clean layout, a complete lineup of betting markets and wager types, and the necessary experience to enhance New York’s legal online sports betting landscape. Even better, the site offers a sizable welcome bonus for new customers. Read on for detailed information on what to expect from PointsBet Sportsbook, what promotions are offered, what the registration process looks like, what sports are available, banking options, and more. Let’s get started.
PointsBet offers an extremely generous bonus for new customers who register for an account. New customers get two risk-free bets up to $2000, but this deal breaks down in some unique ways, so more context is needed. Here is how it works:
|Pointsbet Sportsbook NY Promo Code||NYOGRF|
|New Customer Promotion||$2000 in Risk-Free Bets|
|Launch Date||January 24, 2022|
Risk-free bet #1 – After signing up for an account and making a deposit, you pick a fixed-odds wager that you want to make, up to $500. Fixed odds just mean a regular wager like point spread, moneyline, or over/under. If your first bet is a winner, great for you! Your winnings can be immediately withdrawn or you can continue on betting, but you are no longer eligible for the promotion. If your first bet comes up short, you will receive bonus bet credits for the amount of that very first wager, up to a maximum of $500.
New NY customers who register for an account using our special NYOG links must also select a wager that has at least -200 odds to be eligible for this promotion. In other words, a very first wager of -250 odds does not apply, and the customer subsequently will not be eligible for this offer on their second traditional bet.
Risk-free bet #2 – That’s right, new PointsBet New York customers get not one but two risk-free wagers. The second risk-free bet is for a PointsBetting bet, which is quite a bit different from a traditional fixed odds wager. The PointsBetting feature is described in detail in a separate section below. For the risk-free wager, your first PointsBetting bet up to a maximum of $1500 is refunded as a credit if it doesn’t win. If your first PointsBetting bet wins, you will receive the payout as normal, and are no longer eligible for the promotion.
Due to the structure of the legal, statewide U.S. online sports betting market in general, there are several requirements that new customers need to fulfill when registering for a new account. Here is what you need to do when signing up for a new account:
Aside from being restricted from wagering on in-state college teams like Syracuse and Cornell due to state law, PointsBet NY offers an enormous amount of sports for customers to place their bets on. Here is a list of sports that are available to NY bettors:
Bettors in NY can find the following types of wagers available on PointsBet:
Unique to the PointsBet brand, PointsBetting grants customers an innovative way to get in on the action and maximize their potential wins (or losses too, unfortunately). This exciting format can result in a greater potential for winning and losing amounts, so it is recommended that customers fully understand how PointsBetting works (and take advantage of our NYOG welcome offer) to gain experience with how PointsBetting functions. In essence, PointsBetting generally keeps customers engaged in a corresponding sporting event until the final result, due to the PointsBetting format that enhances winning and losing depending on how correct the bettor was relative to the eventual outcome.
As an example, let’s say the New York Giants are hosting the Philadelphia Eagles in an NFC divisional matchup, and the Total (Over/Under) line is 50 points. As a PointsBet New York user, you are convinced the total points in the game will be well below 50. Maybe rain and wind are in the forecast or you expect both teams to run a lot. Based on your hunch, you bet $10/point on the Under using the PointsBetting format to further cement that inclination. So what happens next?
If the game ends with only a total of 30 points scored, then you’re in luck. You will earn close to a 20x payout (not exactly 20x due to the vig) due to the final score being 20 points below the established 50 point line. Your stake, $10, is multiplied by the 20 points for a $200 win. But what if the Eagles at Giants game ends with a total of 65 points scored?
In that case, bad news. You would suffer a 15x loss on the wager (no vig on losing PointsBetting wagers), meaning the PointsBetting format would cost you 15 times the original amount wagered because you were 15 points off on your Under wager. So while PointsBetting does maintain engagement for the bettor throughout a sports event, it has the potential to result in huge swings either way depending on how different the eventual outcome is to the original line, and how correct or incorrect the bettor was.
For this reason, customers can place a stop loss on the PointsBetting wager to ensure that the total win or loss does not exceed a certain amount. In the above example, you could place an original wager of $10, with a stop loss of 10 units, which would amount to roughly $100 in maximum risk (provided the account’s bankroll can support this).
As mentioned above, your first PointsBet wager is on the house. But what does that mean exactly? Using the above Giants-Eagles NFL game example, it would mean that you could place a $100 Under wager with a stop loss of 15 units (assuming you have at least $1,500 in your account to cover the bet). If the Under 50 ends up going 15 or more points in the wrong direction, you would normally be out $1500. Because of the risk-free wager, your first bet is covered. Whew. Losing $1500 on your first PointsBetting bet would be a hard lesson to learn. Luckily, PointsBet has you covered so you can try out PointsBetting without having to lose the first time you check it out.
If, on the other hand, the Under 50 ends up hitting big time, with the final score only totaling 30 points, you would win $1500 on a $100 bet. Remember the stop-loss caps both winning and losing bets. Still, winning $1500 on a $100 bet is a great ROI. You wouldn’t qualify for the risk-free first bet, but you would be able to withdraw your winnings or continue on betting.
There are a lot of things to like about PointsBet Sportsbook’s software, from its intuitive design that is easy to read and understand to its super-quick loading times that enable a superior experience when compared to some of its competitors.
Betting markets (available sports) are separated on the left-hand side, the information loads in the middle of the page once a market is selected, and the Bet Slip is conveniently placed in the right-hand margin. The Bet Slip instantly updates as soon as a real money wager has been placed, and potential winnings are also displayed so even the most inexperienced online sports bettor can decipher how much is being risked and how much can be won for any particular bet.
New York customers can use their smart devices when patronizing PointsBet New York. For Android device users, download the app from the Google Play store and follow the instructions to install it. For iPhone users, simply visit the iTunes storefront and download the app, then install.
Similar to the browser version, the PointsBet app is easy to use. Sports and upcoming events are easy to find, and all the available wagers are equally user-friendly. The only nitpick we have would be the small font used to list the actual bet. As you can see below, the Raiders are favored by 2, but the -2 is very tiny and hard to see while the -110 price is much larger. This is unusual among sportsbooks but isn’t a deal-breaker, particularly when the prices are this competitive.
Live events are usually listed on the front page of the app, and all the sports and betting options can easily be accessed by clicking the tabs on the bottom of the screen. All the props and wagers are found below the event information, and the score and live bet odds are both updated in real-time. This is a very good app.
Making deposits and withdrawals onto PointsBet Sportsbook New York can be done in a variety of ways.
Major Debit and Credit Cards – Visa and Mastercard can be used to make real money deposits onto PointsBet Sportsbook in NY. Note that in most cases, “chargebacks” are not allowed on major credit cards… meaning this method can only be used to make a deposit.
PayPal – One of the most popular eWallets in the world is also one of the best methods to make a real money deposit or withdrawal for patrons of PointsBet NY. You first need to provide PayPal with your bank account information so PayPal can verify it. Once that has been done, deposits onto PointsBet Sportsbook NY are almost instantaneous, while withdrawals may take a few business days upon being approved due to PayPal’s policies.
PayNearMe – New Yorkers can select the PayNearMe option to generate a unique barcode that can then be taken to participating retailers (Walgreens, CVS, 7-Eleven) to make a deposit. Once that cashier at the land-based retailer has accepted your deposit, the amount will typically appear in your PointsBet Sportsbook NY account in a matter of minutes.
ACH/eCheck – This option requires you to link your bank account with PointsBet, but once that is done deposits are usually performed instantly while withdrawals take a few days to arrive in your bank account. You should check with your financial institution beforehand to ensure this method is available.
PointsBet Play+ Prepaid Card – The Play+ card is one of the most popular ways for online sports bettors in the legal U.S. market to fund their accounts. You need to solicit a PointsBet Play+ Card directly through PointsBet Sportsbook (even if you already have a Play+ Card with another brand). Once this is done, allow up to two weeks for the physical card to arrive at the physical address you used when registering for an account. Once you use your PointsBet Play+ Card to make a real money deposit, the process can be repeated easily and hassle-free.
PointsBet Sportsbook’s sleek design, generous welcome offers, wide variety of betting markets, and unique PointsBetting format make for an exciting product for bettors in New York. Be sure to sign-up through our NYOG links to receive the best possible welcome offer.