PointsBet Promo Code February 2023: 5 x $50 Second Chance Bets
PointsBet offers one of the industry's top promos for first-time users — up to $250 in bet credits on your first five fixed odds wagers in all legal states.
No PointsBet promo code is necessary to redeem the sign-up offers. Keep reading to learn if one of PointsBet's bonuses makes sense for you.
5 x $50 second chance bets
No code required
Gambling Problem? Call 1-800-GAMBLER
Quick facts: PointsBet promo code
| PointsBet sign-up bonus |
5 x $50 second chance bets |
| Minimum deposit | N/A |
| Minimum wager | $.50 |
| Wagering requirements | 1x |
| Eligible bet types | All bet types ✅ |
| Legal states | 14 |
| PointsBet mobile app | iOS and Android ✅ |
| Last verified | February 2023 |
| Offer expiry |
March 1, 2023 |
Best current PointsBet Sportsbook offers
The current PointsBet promo code offers are legitimate and available to all who are both of legal gambling age and who reside in one of the 14 states in which it operates. Covers is dedicated to providing our users with accurate information.
Claim up to $250 in bet credits
PointsBet’s first new-player offer only applies to the first five fixed odds bets made following registration — one in each of the first five days of betting with PointsBet. There are no restrictions on which markets the user needs to bet on for the promotion to be claimed. The initial wager can be any amount, but the sportsbook will only reimburse each losing wager up to $50. So, if your first bet is $150 and loses, you will only receive $50 back in bet credits.
With Maryland mobile betting now online, local sports bettors can enjoy the same promotion as most other U.S. customers.
| PointsBet Promo Code | Claim PointsBet Bonus |
|---|---|
| PointsBet Bonus Code | |
| PointsBet Sportsbook Offer | 5 x $50 second chance bets |
| PointsBet Mobile App | iOS and Android |
| Last Verified | February 2023 |
Responsible gaming: 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER
Covers tip #1: Be sure to bet during each of your first five days with PointsBet to ensure you don't forfeit any of your daily bonuses. For example, if you only bet on days one, three, and four, you will forfeit your $50 wagers from days two and five.
Covers tip #2: The bet credit(s) garnered from the bonus can be split into four equal wagers, providing extra flexibility.
How to claim the PointsBet Sportsbook promo code
Not needing a PointsBet promo code is symbolic of how straightforward it is to claim the sportsbook’s sign-up bonus and begin betting. Follow our easy step-by-step process below to get started.
Register
Click here to register for your PointsBet account. Have your personal information prepared before you dive in. No PointsBet promo code will be required here.
Deposit funds
With your new PointsBet account created, the next step requires depositing funds. There’s no minimum deposit needed to qualify for the bonus.
Make a wager
Once your funds have been deposited, you are free to make your first fixed-odds bet. Choose your market carefully, ensuring you take time to evaluate different possibilities. You’ll have to make the maximum $50 wager to get the most out of your offer.
Withdraw winnings
After settling your bet, you can withdraw your winnings as real cash — if the wager proves successful. Should the wager lose, a refund equivalent to the amount of the initial bet will be awarded in the form of a bet credit within 24 hours. You cannot withdraw the bet credit as cash — it must be used to bet with the sportsbook again within seven days of being issued, or it will expire.
PointsBet promo code terms and conditions
Only your first five wagers — one for each of your first five days of betting — will be eligible for the bet bonus. If successful, you’ll keep your winnings. Should you lose, you’ll receive your money back in the form of non-withdrawable bet credits. You may select any sports market for your qualifying wager.
Once the qualifying wager settles, the bonus bet will arrive in your account within 24 hours, and you will have the following seven days to use it before it expires. You may not use your bonus bets on PointsBetting wagers.
Notably, you can choose to break up the bonus bet into four equal wagers instead of using it all at once. For example, a $50 bet can be turned into four $12.50 wagers.
| PointsBet | Betting restrictions |
|---|---|
| Minimum wager |
$0.50 |
| Maximum bonus money amount |
$250 |
| Days to use bonus money |
7 |
| Playthrough requirement | 1x |
| Bet types | No PointsBetting with bet credits |
Sports and leagues on deck with PointsBet betting odds
PointsBet has betting odds for several major sports leagues, including the NFL, MLB, NBA, and the NHL. It also offers other less common markets such as darts, cricket, and rugby union.
The sportsbook's wide array of features, such as live streaming and in-play betting, complement its markets well and make for an immersive sports wagering experience.
Additional PointsBet promotional offers
PointsBet has a number of extra promotions consistently available, including same-game parlays, bonus bets, profit boosts, daily odds boosts, and more. For example, one of PointsBet's evergreen offerings is its Karma Kommittee feature, which ensures users are compensated when human nature runs its course. If a player on a team you’ve bet on goes down with a serious injury, you may receive a full refund.
Here are some of the other current PointsBet promotions users can access:
| Type of PointsBet Promo Offer | Description of PointsBet Promo Offer |
|---|---|
| PointsBet Rewards Program |
PointsBet offers new and existing users rewards points with every bet. Points can then later be redeemed for additional bets of various monetary values. |
| Refer A Friend |
When a friend signs up for a PointsBet account through your referral link for the first time, you will each receive a bonus $100 bet. The bet cannot be broken up or withdrawn as cash. |
| PointsBet Diamond Club |
The PointsBet Diamond Club is reserved for the top loyal clients of the sportsbook. Entry is by invitation only, but those who think they should qualify are welcome to contact the sportsbook via email. Members of the club receive special promotions, event tickets, and chances to meet PointsBet ambassadors. |
| Name A Bet - Exclusive to PointsBet |
Request a bet in any market you would like to see directly in the PointsBet app. |
Where is PointsBet Sportsbook legal?
PointsBet is presently authorized and regulated in 14 states. Keep an eye on our legal tracker to monitor states that allow sports betting and discover where PointsBet may be coming next.
| State | Launch Date |
|---|---|
| November 2020 | |
| September 2020 | |
| March 2020 | |
| November 2019 | |
| Sept. 1, 2022 | |
| Sept. 22, 2022 | |
| Nov. 23, 2022 | |
| January 2021 | |
| January 2019 | |
| January 2022 | |
| Jan. 1, 2023 | |
| February 2022 | |
| December 2021 | |
| August 2021 |
PointsBet Sportsbook review
PointsBet Sportsbook has only been a part of the North American sports betting scene since January 2019. It currently operates in Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Pennsylvania, Virginia, and West Virginia.
Covers experts are consistently re-evaluating PointsBet — the sportsbook currently holds a 4.7/5 rating via our BetSmart review system, highlighted by their ‘Key Features’ and ‘Customer and Support’ categories. Those 21 years or older can use PointsBet on their website or mobile sports betting app, which is available for iOS and Android.
A few different advantages come with some of PointsBet’s main features, including live betting, early cash outs, same-game parlays, and its own proprietary betting markets called ‘PointsBetting Markets.’
For a complete in-depth breakdown, check out our unbiased PointsBet Sportsbook review.
Customer service at PointsBet Sportsbook
PointsBet has a reliable customer service team available to provide help 24/7, which is not surprising given the sportsbook’s 4.8/5 BetSmart rating in ‘Customer Support.’ Live chat, email, and Twitter are all options to contact the team.
- Live chat: 24/7
- Email: service@pointsbet.com
- Phone: N/A
- Support languages: English + Spanish
- Twitter: @PointsBetHelp
USA sports betting resources
There are plenty of sportsbooks to choose from, so making sure you're doing research and comparing different options is essential to discern which one is best for you.
To expedite that process, we've done a fair amount of the work for you and have put together some guides to help you navigate the sports betting space.
PointsBet promo code FAQ
Yes, PointsBet Sportsbook is fully-licensed and therefore legal in Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia, and West Virginia. The sportsbook will launch in Massachusetts in early March 2023.
There's no PointsBet sportsbook promo code needed to claim up to $250 in bet credits.
Your initial wagers will be refunded by PointsBet, up to the specified amount, as bet credits if it loses. The bets cannot be withdrawn as real cash and must be used within seven days of being issued.
Following the link in the guide above will take you directly to registration with PointsBet.
Any residents of (or people currently located within the state limits of) Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia, and West Virginia that are 21 years of age or older may follow the link in the guide above to unlock their PointsBet promo so long as they’re a first-time user.
The PointsBet sign-up bonus expires seven days after being issued if it goes unused.
Yes. Every time a new friend signs up for a PointsBet account through your referral link, you will each receive a $100 bet. The bonus bet cannot be split up or withdrawn as cash.
A PointsBet bet credit is a form of currency the sportsbook provides its users. Bettors can generally use bet credits to wager on whatever they wish, but they cannot simply withdraw them as cash. If you bet $20 via a bet credit and profit $20, you will have gained $20 you can later cash out.
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Joshua Howe is a sports betting editor at Covers, helping make smarter sports bettors since 2021. The experienced writer and editor has reviewed over 20 sportsbooks and has been placing his own wagers for three years and counting. He prefers FanDuel for its sleek app design and variety of NBA markets.
