PointsBet Spread Betting: A Unique Variable Style of Betting
There are many reasons why Australian punters are attracted to PointsBet. For a start, PointsBet specializes in spread betting which has grown quite popular in the Australian market. They also have a free bonus bet of up to $1,000 and other PointsBet bonus bets offers. This PointsBet Review looks at spread betting and other reasons why this betting operator has become quite popular today.
What is PointsBet Spread Betting and How Does it Work?
PointsBet’s spread betting is quite different from the traditional form of online betting. Spread betting does not provide fixed odds as your typical bookmaker does. Instead, they give you variable markets that ultimately decide how much you stand to win or lose. Spread betting is a unique style of wagering that pays variable amounts according to the accuracy of your prediction compared to the spread given by the bookmaker.
What makes this style of wagering more popular, especially in Europe, is the fact that traditional bookmakers normally give you a choice of two outcomes, either a win at predetermined odds such as 1.8 or loss of your stake, but with spread betting, the amount you’ll win or lose is determined by the margin by which your bet succeeds or loses. It’s not a simple win or loss form of betting because your bet remains active until the game or market is finally settled. With PointsBet spread betting, you can limit the amount you could potentially lose, which makes this style less of a risk than traditional odds betting.
PointsBet’s Sign Up $1,000 Bonus
You won’t find many betting companies that provide sign up bonuses as high as $1,000. When you sign up to PointsBet and make your first deposit, the company gives you bonus bets equal to 25 percent of your initial deposit up to a maximum of $1,000. For instance, if you join and deposit $1,000, you’ll be rewarded with an extra PointsBet deposit bonus bet amount of $250. A deposit of $4,000 gives you a PointBet bonus of $1,000. However, make sure to read their terms and conditions as well as state restrictions to know if you qualify for the bonus. There are other PointsBet promo awards for customers too.
PointsBet was founded in 2017 and is so far the only Australian operator providing spread betting. It is a legitimate betting company licensed by the Northern Territory Racing Commission in Northern Territory, Australia. PointsBet is also an approved betting partner of Tennis Australia, Australian Rugby Union, AFL, NRL, and Cricket Australia.
Here are a few key details about PointsBet:
- Accepted deposit options: Bank Transfer, Visa, and MasterCard
- Transaction fees: None
- Withdrawal: Via bank transfer
- No minimum deposit
- No minimum withdrawal
- They accept minimum bet of just $1
- Only uses spread betting odds format
- Support team accessible via email and telephone
- Great user interface that is also available on Android mobile phones
PointsBet Website Layout and Betting Interface
PointsBet has a responsive website that displays well on different screen sizes. It has an easy to use betting interface. The right hand side shows you all the upcoming sports and other useful options. The interface seems to be more focused on mobile users because it looks better on a mobile device than on a large computer monitor.
PointsBet Pros and Cons
- It is an Australian-owned company and the only licensed spread betting bookmaker in Australia.
- They have a wide range of markets
- They assign an account manager to your account as soon as you sign up for a more personalized service
- PointsBet sign up bonus of up to $1,000
- They don’t provide live betting because Australian law forbids it.
- You’ll be charged a fee if you leave your account dormant for a long time
PointsBet may be a new entrant to the Australian betting market but has grown quite popular due to its spread betting system. You won’t get spread betting with your typical bookmaker so if you want to try out this relatively low-risk style of betting, sign up to PointsBet today.