PointsBet Sportsbook Indiana Promo Code 2020
PointsBet brings a unique approach to online sports betting for mobile and web-based platforms. Founded in Australia where it has operated since 2017, PointsBet first came to the U.S. in January 2019 with the launch of its online sportsbook in New Jersey, then in November 2019 the sportsbook went live in Iowa. Now after gaining licensure, the exciting, sleek PointsBet sportsbook app is live in Indiana, through a partnership with Lawrenceburg’s Hollywood Casino, giving the state’s online sports bettors an attractive new alternative.
Besides offering all the traditional betting options, PointsBet has distinguished itself from other operators by its own signature wagering product called “PointsBetting” in which the amount bettors win or lose is determined by the accuracy of their predictions, and not simply being right or wrong. Scroll down to learn more about this “high-risk, high-reward offering,” as we can best describe it.
Below find an overview of how PointsBet came to Indiana, discussion of PointsBet’s (solid) bonuses, promotions, and different betting options including PointsBetting, evaluations of the mobile app and website, information about depositing and withdrawing, and our ultimate verdict on PointBet Indiana.
With a handsome, easy-to-navigate design, a wealth of wagering options, and a considerable number of bonuses and promotions, there are plenty of reasons for Hoosiers to consider making PointsBet their regular online sportsbook.
PointsBet Sportsbook IN Promo Code October 2020
|PointsBet Sportsbook IN Promo Code||HOOSIER|
|New Player Bonus||$1000 in Risk-Free Bets|
|Partner||Penn National Gaming|
|Online Since||March 2020|
As is the case elsewhere, you must be at least 21 years of age or older to place wagers at PointsBet in Indiana. But you do not have to be an Indiana resident. You can sign up for your account from elsewhere, and you can even handle banking from outside the state as well. But to place an actual bet, you will need to be within the state of Indiana.
Once you’ve registered and made your first deposit, PointsBet offers four “risk-free” bets worth up to $1000 total as a way of welcoming new users. This in fact works as four separate promotions, each tied to different types of bets — two for your first traditional or fixed-odds bet, and the other for your first two PointsBetting bets as a way of introducing new bettors to the PointsBetting system.
Each of the bets works in the same way. After making your initial deposit, make your first fixed-odds wager up to $250. (You can make it $15 or $75, whatever your bankroll permits, but the full promotion goes up to $250). If you win the bet, you enjoy your winnings as usual, but if you lose it, you receive “Bonus Bets” equalling the amount of that first bet you lost. The Bonus Bets are one time bets that pay only the profit. You can go ahead and repeat this process for your second fixed-odds wager.
You get to do the same for your first two PointsBetting wagers (explained below), making a “risk-free” bet in which if you lose, you get the bet amount back as Bonus Bet(s).
Other Bonuses and Promotions on PointsBet
The sign-up offers are only the beginning with PointsBet, as the sportsbook often has many other promotions ongoing available to all players. These offers change, so be sure to consult the “Promos” tab on either the mobile app or website whenever logging on.
Here are a few examples of the kinds of promotions offered on a rolling basis:
- NCAA Basketball “Make It Rain” — Place a $50+ Spread Bet – Get $3 in Bonus for Every 3-Pointer Your Team Makes.
- Bet $100 on the moneyline in a certain NFL game, earn $6 for every touchdown that teams scores.
- Booster Odds — Daily player and parlay booster odds on bets up to $100.
- Cash Out Early — Cash out your pregame, fixed-odds bets early for qualifying wagers.
- Name a Bet — If you find a market not on the site (for any current sports or events offered) and tweet it to @PointsBetUSA with the hashtag #nameabet at least two hours before it begins, they will price it.
We’ve seen other promotions cycle through such as no-juice spreadlines (even money or +100 both ways) and sport-specific ones like extra cash in football for each touchdown your team scores, in basketball for every three-pointer your team makes, or in golf when your player makes a hole-in-one. These change with the seasons, but it’s always worth keeping an eye out as there are quite a few promotions from which to choose at any given time.
PointsBet Loyalty program
Additionally, unlike many online sportsbooks PointsBet offers a VIP “Rewards” program via which users earn “Rewards Points” for every wager they make — 1 for every $5 fixed-odds bet, 1 for every $1 parlay bet, and 1 for every $1 won or lost with PointsBetting. Rewards points can then be redeemed for Bonus Bets.
Separate from the loyalty program where users accrue points redeemable for free bets, PointsBet also has a “Karma Kommittee” that meets at clandestine locations, and attempts to correct sports/sports wagering injustices from time to time. Mainly, bad beats.
Remember this double dribble in the 2019 Final Four contest between Auburn and Virginia? There’s more egregious sports betting bad beats; the point is, PointsBet in the name of good PR and publicity will sometimes throw in a freebie when a lot of competitors will not.
⚠️Karma Kommittee Ruling⚠️
The emergency Saturday night gathering has reached a verdict:
ALL MONEYLINE BETS ON AUBURN WILL BE REFUNDED IN FULL!
The missed double-dribble on Virginia's Ty Jerome was enough, so we had to do right by Tigers backers! pic.twitter.com/5YHWJh5Q5t
— PointsBet Sportsbook (@PointsBetUSA) April 7, 2019
Types of wagers and available sports at PointsBet
Another way PointsBet stands among the best mobile sportsbook apps in Indiana is the sheer number of betting options available.
For most games users will find available all of the standard betting options including:
- Point spreads
- Markets for halves, quarters, and periods
- Player props
- Game props
- Team props
- Multi-stat props (example: player rebounds + points + assists)
- Numerous live or “in-play” betting options as well.
- Futures bets from which to choose
- Cash out feature – sometimes you’ll be offered the option to accept a certain amount before the game/event concludes. If your team is leading by a lot, it may be about 80% of the total potential win.
Available as well for most contests are alternative lines (the spread or total priced out 20 points in either direction), totals, and props, listed as “Pick Your Own Spread,” “Pick Your Own Total,” “Pick Your Own Player Stats,” and the like.
Bettors have 17 different sports from which to choose on PointsBet Indiana (and many leagues) including:
- Basketball — NBA and NCAA college basketball
- Football — NFL and NBA and NCAA college basketball
- Motor racing
The Australian site also offers “entertainment” betting such as on the results of various reality shows like “Dancing With the Stars,” though regulations prohibit betting on awards shows in Indiana. However as already noted, users can “Name a Bet” and suggest wagers in available games if they are not listed.
Pricing and lines
Another reason we like PointsBet: the sportsbook employs is own in-house risk-management and oddsmaking team, also its own software designers and developers.
Unlike many of the counterparts, which mostly are using the same suppliers (such as Kambi or IGT, to name a couple), which means the same markets, same lines, same software, similar appearance and same overall everything.
Not so with PointsBet. In the most efficient and popular betting markets, such as NFL, the lines barely vary across all sportsbooks, but get into the other sports, more niche events, and you will find some variability. So it’s always worth checking PointsBet.
Beyond that, PointsBet has proven very competitive overall with pricing — offering -105 sides for MLB games and -105 sides for many NFL games, when the norm there is 20 cents or -110 each side.
Moreover, PointsBet announced in 2019 and still honors, we believe, a minimum bet-to-win amount of $10,000 for all customers on game day for every single MLB matchup, all NBA and NHL playoff games, and the NFL Season. PointsBet will guarantee this “to win” amount on all spreadline and moneyline bets.
In an era of drastically reduced limits, this is a pretty welcome standard. That said: We have heard some accounts that PointsBet has slashed limits on certain folks identified as sharp bettors. We’d like to see more evidence, but put it out there for your consideration. For anyone short of semi-professional (or aspiring), this isn’t something to worry about. Not a good or fair practice, but something that ought not to affect you.
PointsBetting: An alternative to fixed-odds betting
The PointsBetting option adds a new wrinkle to sports betting and further distinguishes PointsBet from other online sportsbooks. It adds some extra strategy to wagering, although also tends to increase the risks, especially for bettors with less experience and knowledge.
When you use PointsBetting to place a wager, you select your outcome as you do with fixed-odds bets. However instead of settling on a total amount to bet on that outcome, you pick an amount to bet per point, with the amount you win or lose determined by how much you win or lose your bet. For example, if you win your bet by two points, you win 2x the amount wagered. If you win by six points, you win 6x the wager. But if you lose, say, by 5 points, you lose 5x the wager.
To give an example, say the Indiana Pacers were a four-point favorite in a game against the Charlotte Hornets and you bet on Indiana -4. Rather than simply betting fixed-odds, you make a PointsBetting bet and choose to wager $10 per point. If Indiana wins by 8, you win $10 x 4 = $40. If Indiana wins by 2 and fails to cover by 2 points, you lose 2 x $10 = $20.
The same concept applies to a totals bet. Say the game has an over/under of 212, you bet the over at $10 a point, and the final total is 218. You win 6 x $10 = $60. But if the game comes up well shy and ends with a total of 187, you lose big — 25 x $10 = $250.
You can make PointsBetting bets on all betting types, including props, and can also be used for all of the many alternate lines, totals, and props.
It should be clear how this type of betting requires a different strategy than traditional fixed-odds sports betting, and how it might be best reserved for experienced sports bettors and/or those who enjoy introducing a little extra gamble into their wagering. Meanwhile those who aren’t interested in PointsBetting will not be disappointed by the many standard betting options available.
Keep in mind, you can minimize your exposure — and correspondingly upside. Check out this view:
You’re in charge of determining your stake — whether you want to bet $1 per point or $100. You also choose your “Stop Loss” amount. In this example, we’re staking $10 on the game total with a Stop Loss of 20. That means the most we’d lose is $200 and the most we win is $200. If you think the game is going to be a scoring bonanza barn burner, you may not want to cap it. But if you’re a more risk-adverse bettor, it’s an option you may appreciate.
PointsBet Mobile App
The PointsBet mobile app is available both for iOS and Android users. Those with iPhones or iPads can go to the Apple store and download the app for free, while Android users can download the app directly from the PointsBet Indiana site.
The app is not only aesthetically pleasing but especially well designed for ease of use. We like the cool red, white, black, and blue color scheme, although the text might be on the small side for some users.
User experience is solid, as the buttons are responsiveness (but not overly so) and stability top-notch as well. We rarely have experienced app crashes or stallouts. And logging in/out and location checks are pretty seamless. Can’t say that about all sportsbooks.
The opening screen highlights current promos and by thumbing down you can quickly find all the “Featured” games of the day, or click on “Next Up” to see games closest to getting started.
Clicking the “Menu” button on the bottom left slides out a list of options from the left. You can also choose “Sports” for an alphabetical listing of available sports, “In Play” for current live betting options, “Quick Parlay” to build some parlay bets from suggested games, or “My Bets” to see your betting history.
Testing finds the app runs fast and smooth with zero delays calling up screens as you move around. Navigation and bet placing all works similarly to other sports betting apps, with a Bet Slip collecting your choices until you are ready to place your chosen wagers.
We’ve mentioned the above average number of markets available, and the app does a great job arranging them all for easy access. Within a given game you’ll find a list of drop-down menus you can open and close that show all the different categories of bets. You can also easily move around between fixed-odds bets, PointsBetting bets, and “Pick Your Own”-style teasers.
Information for some upcoming games is provided in short “Betting Preview” capsules, which is a nice feature. When live betting, however, there is somewhat limited information regarding ongoing statistics.
It’s all very intuitive and compares favorably to most online sportsbooks. The cashier is easy to find as well, making transactions swift and efficient.
PointsBet Web-based platform
The desktop version of PointsBet has the same look and feel as the app, employing a very similar design while taking advantage of the larger screen space. Generally the featured games or your chosen game takes up most of the center of the screen, with a right-side bar listing upcoming games.
There is perhaps some wasted space on the web-based site, but it still provides a user-friendly design that like the app makes it easy to find what you are looking for and place your bets.
On the account side, it’s simple to access your transaction history, pending and settled bets. We often check them, so ease of access is much appreciated.
Both the app and web-based site feature help screens and 24/7 live chat and email support, and on the desktop version you can reach all of those options at the bottom of every page. Phone support is available as well from 8 a.m. to midnight.
Deposits and withdrawals
There are a variety of methods available both to fund your PointsBet account and to withdraw. There is a $5 minimum and $50,000 maximum on both deposits and withdrawals.
The following depositing methods will be available for Indiana PointsBet customers:
- Online banking
- PointsBet MasterCard
- PayNearMe (available at 7-Eleven stores, CVS pharmacies, and other participating retail locations)
- Casino cage (Hollywood Lawrenceburg)
There are not quite as many ways to withdraw, but all are fast and convenient:
- Online banking
- PointsBet MasterCard
- Casino cage (Hollywood Lawrenceburg)
More about PointsBet
Indiana opened its first riverboat casino in 1993, positioning it among the first wave of states to do so. Several more followed, and then in 2004 came the state’s first land-based casino in French Lick. Legislation in 2007 allowed racetracks to begin installing slots, and today there are more than a dozen different types of casinos and “racinos” in the state.
Indiana legalized sports betting in May 2019 with the first sportsbooks opening up a few months later in September. The new law permits online sports betting throughout the state, with casinos allowed to contract up to three skins apiece to offer online sports betting. That should mean lots of online sports betting options, and an inviting new market for PointsBet.
PointsBet received its license to operate in the state from the Indiana Gaming Commission in January 2020. The company has partnered with Penn National Gaming which operates a couple of Indiana casinos, Hollywood Casino Lawrenceburg and Ameristar East Chicago.
The state’s sports betting law permits betting on professional and collegiate sports (including on schools in Indiana). American, European, and other international contests are all available to bet upon, with only high school, youth, and e-sports prohibited.
In October 2019, BetRivers and DraftKings launched the first online sportsbooks in Indiana, and other operators are moving into the market as well. FanDuel Sportsbook joined in September 2019. Still, PointsBet has much to attract bettors, starting with a handsome welcome bonus for signing up.
PointsBet has shown interest in entering other states as well, including Illinois, Pennsylvania, and West Virginia. The company has also increased its national profile by signing former NBA MVP Allen Iverson and NFL standout Darrelle Revis as ambassadors.
- PointsBet Sportsbook IN Promo Code October 2020
- Other Bonuses and Promotions on PointsBet
- PointsBet Loyalty program
- Types of wagers and available sports at PointsBet
- Pricing and lines
- PointsBetting: An alternative to fixed-odds betting
- PointsBet Mobile App
- PointsBet Web-based platform
- Deposits and withdrawals
- More about PointsBet