Bookmaker review: PointsBet
Something a little different this time!
PointsBet are the latest entrant to the Australian bookmaking scene, but aren’t like the others. They’re Australia’s first dedicated spread betting bookmaker.
As it’s such a new offering, we have very little info from punters as yet, and they weren’t featured in the Betting & Bookmaking Survey we ran earlier in the year. We like to base our bookmaker reviews around these survey results to ensure they reflect the true views of the punters.
So for now, we’ll review the most relevant aspect of PointsBet for most: the sign-up and early experience!
As mentioned, PointsBet aren’t your regular bookie. They do spread betting exclusively, which is unlike regular fixed-odds betting that most people are used to.
Basically, you take a position in an event: but instead of losing your stake or winning at a fixed dividend, with spread betting your win or loss varies depending on how many points you were right or wrong by.
Sounds different, but t’s quite straightforward when you walk through it. Check out our introduction to spread betting with examples.
We also had a chat to Andrew Fahey from PointsBet on the Betting 360 Podcast, who took us through all you need to know.
The signup process for PointsBet is very easy – a bit of basic info and a normal deposit process like most bookies, and you’re ready to bet in minutes. It’s very simple to do, even from a mobile phone.
PointsBet also have account managers who’ll contact all new members after sign-up to ensure they understand the spread betting process.
The Betting Experience
Again, quite simple. Both the mobile and desktop websites are well laid-out, with popular markets easy to find.
The early experience is that PointsBet have pretty much nailed the usability side, which is important for an unfamiliar concept such as spread betting. Each prop features an info button to explain exactly what you’re betting on, and selecting a bet gives you the pop-up betslip.
Importantly, the betslip gets it right in terms of “everything you need to know, nothing you don’t”. Enter your stake and it’s made clear what your max win and max loss is, and how much will be withheld from your account until the bet is settled.
PointsBet don’t have a smartphone app at this stage, which is something that needs to be addressed to make the experience even quicker.
PointsBet are focused on sports betting at this stage, and offer a huge range of markets on every sport and game that they cover across team, scoring and individual props. Sports covered are:
- Rugby League
- Rugby Union
- Boxing / MMA
- Ice Hockey
We always want to hear how you’re going with a new bookmaker: contact us to let us know, or share your thoughts below.