PointsBet Colorado Promo Code & Sportsbook Review 2020

$1,500
Two Risk Free Bets - T&C's Apply
4.4





Overall
Bonuses and Promotions





4.5
Odds Vs. The Competition





4.0
Market Depth & Variety





4.5
Deposit & Cash Out





5.0
Mobile App





4.0

Bottom Line

After weeks of waiting, PointsBet finally arrived in Colorado the week before Thanksgiving. PointsBet has joined the legion of sportsbooks that are approachable to new bettors. However, it also offers a betting option that only the most sophisticated statistics wizards can take full advantage of. Its welcome bonus is among the most generous risk-free bonuses in Colorado.

Its odds are fairly good, but PointsBet comes into their own with their “PointsBetting” option. It allows bettors to wager on one side of a point wager and bet on how much they’ll win their bet by. If bettors win by ten points, they’ll win ten times their stake. It’s a new type of wager that could appeal to professional bettors who can predict point spreads and point totals. They’re risky wagers, but anyone can try it. Anyone who wants to test their betting mettle should seriously consider a PointsBet account.

Risk Free Bets
Banking Options
Great App

See PointsBet in Action

 

PointsBet Colorado Promo Code November 2020

PointsBet’s bonus offer is unique in that it’s split. New accounts using our exclusive PointsBet promo code: BIGBONUS can receive two risk-free bets, one up to $500 regular fixed-odds bet, and a $1,000 risk-free bet to use specifically for PointsBetting. PointsBetting a spread bet which allows bettors to wager on how much their team will cover by, which multiplies depending how much over the threshold they are when the game concludes.

PointsBet Promo CodeBIGBONUS
Risk-Free BetTwo Risk-Free Bets Up to $1,500
PointsBet States of OperationCO, IA, IL, IN, NJ
Last Verified December 2020
4.5





Promos

One of the unique attributes of PointsBet is its special PointsBetting wager, which allows bettors to place bets on how much their team will cover the point spread by, adding a multiplier for every point the score is over the spread when the game is called.

PointsBet offers $1,500 in risk free bets, spread between an up to $500 risk-free fixed-odds bet, and a $1,000 risk-free bet specifically for PointsBetting. It’s a good opportunity to get some hands-on experience with a totally new type of high-risk, high-reward wager.

Fixed-odds wagers are the regular bets that bettors will find at any sportsbook. PointsBetting is a special type of wager where bettors can choose their margin of victory. Bettors have two chances to take advantage of risk-free bets, but they can still miss both chances if they’re not paying attention.

4.0





Odds

PointsBet’s odds are strong. They don’t specialize in one sport or on one type of wager. However, there are often sportsbooks with better odds for Colorado bettors. Here are some game line odds where PointsBet is competitive:

 Arizona CardinalsSeattle Seahawks
PointsBet+145-170
BetMonarch+150-170
SBK+158-164
Circa Sports+150-170
Betfred Sports+145-170
William Hill+150-170

PointsBet sacrifices underdog odds for odds on the favorite, joining DraftKings and Circa Sports as favorite-leaning sportsbooks. Bettors who like to bet on the favorite to win will probably find a home at PointsBet. PointsBet is vulnerable to getting edged out by SBK and their betting exchange. However, PointsBet is among the top tier of Colorado odds. PointsBet is strong in futures, too:

 PointsBetDraftKingsFanDuelBetMonarchCirca SportstheScore Bet
Rays+1,400+1,200+1,300+1,400+1,350+1,000
Cubs+3,000+2,500+3,000+3,000+3,000+2,200
Reds+3,000+2,500+3,000+1,600+3,000+2,200
Phillies+4,000+3,000+3,500+3,000+4,500+3,000
Cardinals+4,000+3,300+3,500+3,000+4,500+2,500

Futures odds often differ by a few hundred–or thousand–points. But when PointsBet takes the lead in futures, it does so decisively. PointsBet is a must-check for bettors focused on game lines and futures alike.

4.5





Depth

Colorado sportsbooks have had to expand their selection of games to remain relevant in the pandemic marketplace. Not all of them have been able to pull it off, but PointsBet boasts a wide selection of sports and leagues, including mainstream American favorites and niche interest sports. (No one’s going to tell me Aussie Rules is mainstream in the United States, right?) Within each sport and league, PointsBet has many options too. Its soccer section is a seemingly endless abyss of leagues from around the world. Each league also has several game lines set a few days in advance.

However, PointsBet is only offering game lines a few days in advance. Most Colorado sportsbooks aren’t offering game lines more than a week out. Coronavirus cases can end matches hours or days before a scheduled game. Sportsbooks know this and have begun offering fewer game lines in advance of scheduled matches. PointsBet practices this too, and bettors shouldn’t expect to see different until the pandemic ends.

5.0





Cashout

Unsurprisingly, PointsBet makes it easy to move money to and from bettors’ wallets. Its deposit options include a common selection of sportsbook deposit methods:

  • Online Banking
  • PayNearMe
  • PayPal
  • ACH/E-check

While online banking is the most seamless online option, bettors can deposit funds in person at a participating PayNearMe location. Although, the other three options are better than PayNearMe. The pandemic is far from over, and it’s faster to deposit directly from the bank from home, anyway.

PointsBet’s withdrawal methods are a little different. It has different withdrawal methods available for each state it operates in. PointsBet’s Colorado withdrawal options are:

  • Online Banking
  • ACH/E-check

They’re both secure online options that comply with identity verification laws. Withdrawal options are always fewer than deposit options. Receiving money is easier for sportsbooks than paying it back out. Paying a money launderer or terrorist by mistake is worth a hefty fine for sportsbooks. PointsBet’s options are as extensive as bettors should expect to find anywhere else.

4.0





App

PointsBet gets mad props for making a black background work. The text and numbers are legible, and they don’t strain the eyes. Switching between fixed-odds betting and PointsBetting is easy, too. Bettors can click on the lines they’re interested in and find the option in the margin between the top banner and the game lines. The different colored borders around each box make it easy to select options, too.

The hard part about the PointsBet app is the filters that automatically apply when bettors select a sport. When bettors pick a sport, the first lines that come up are the in-play lines. Bettors can then choose between featured lines and the lines that are coming up next. If bettors scroll to the right, they’ll find the filters for all available competitions and futures bets. It’s a little different from the default option of seeing available lines altogether like other sportsbooks.

However, it’s better than the menu option. It’s a mess of featured sports categories, game lines, and live games. Bettors are better off ignoring the menu option for navigation and sticking to the sports tab onwards. Overall, PointsBet has an easy app to navigate and wager on. It has a few navigational weak points, but bettors will enjoy using it.

4.4





Overall

PointsBet is one of the most interesting newcomers to the Colorado sportsbook landscape. It offers a new type of over-under betting. Between PointsBetting and fixed-odds betting, PointsBet offers new ways to bet. Its odds, welcome bonus, and depth of choices are competitive. Its deposit and withdrawal options are on par with industry standards. There are only a few shortcomings with its app. However, no sportsbook app is perfect, and PointsBet makes it easy for newcomers and sports betting pros alike to find their way. It’s a strong addition to a competitive industry.

How To Register For A PointsBet Sportsbook Account

PointsBet has an easy signup process. Bettors hit the signup option and fill out two pages. The first page begins by asking for a bettor’s state, name, and email. The second asks for a bettor’s preferred salutation–odd to ask for on the page after a bettor’s name. But the date of birth, cell phone number, and the last four digits of a bettor’s social security number continue the standard sportsbook signup process. Bettors finish signing up by entering their address and checking a few terms and condition boxes. Signing up is not a fussy process.

Is PointsBet Legit?

Yes. PointsBet is a legitimate company that doesn’t engage in illegal practices. It seems like a low bar to clear, but many other sportsbooks aren’t accountable to any authority. Here are five reasons PointsBet stands out from the crowd of illegal sportsbooks.

Terms And Conditions

There’s an email phishing scam that pretends to be Microsoft asking for personal information. One of this scam’s tells is its terms and conditions. The terms aren’t linked to any terms or conditions. It’s just black text at the bottom of the email. That’s because the scam has no rules that it abides by. In contrast, PointsBet has a terms and conditions page that outlines their commitments to their bettors. It’s the first sign of a legitimate business, and it shouldn’t be taken for granted.

Colorado Limited Gaming Commission

The Colorado Limited Gaming Commission oversees all gaming in Colorado, so PointsBet is under their jurisdiction. The Gaming Commission can issue fines, suspend licenses, and even remove major players from the marketplace. They’re a powerful check on the gaming industry and keeps every sportsbook from wronging their patrons.

Colorado Sports Betting License

PointsBet’s Colorado gaming license forces it to adhere to industry rules. It’s what makes it subservient to the Colorado Gaming Commission. By applying for a license, PointsBet has agreed to:

  • Undergo an independent pre-launch security audit.
  • Submit background checks from executive management.
  • Provide three years of financial statements.

The Colorado sports betting license sets the stage for sportsbooks to compete and take care of their customers.

Customer Growth Strategy

PointsBet can’t go into new states if it has a black mark in several others. Since it’s decided to play by state rules, it must follow them to continue expanding. Everyone wants to be the next first sportsbook in the states preparing to legalize sports betting. PointsBet’s reputation is critical to its success, and it’ll behave well to preserve itself.

Track Record

PointsBet’s news history includes several industry awards and optimism about its future. By itself, it’s not a guarantee of good behavior. However, its track record makes it staggeringly unlikely that it’s a bad actor in the United States’ heavily regulated market. So far, it doesn’t have scandals. Combined with its praise from the industry, bettors can feel secure betting at PointsBet.

Why Choose PointsBet Over An Illegal Betting Site?

PointsBet is subject to strict rules and powerful oversight. Bettors can be reasonably sure that if they wager at PointsBet–or any licensed Colorado sportsbook–that they’ll:

  • Have strong security protecting their personal information.
  • Receive winnings according to their sportsbook’s terms.
  • Be able to wager without being in debt to a shady bookie.

While licensed sportsbooks are accountable to local governments, illegal sportsbooks are under no obligation to anyone. There’s no authority for bettors to appeal to, there are no industry regulations, and there’s no government that can easily shut an illegal sportsbook down.

Lacking a complaint department may be the least of a bettor’s problems at an illegal sportsbook. However, the complaint department’s absence is more serious than bettors may think. Not only do illegal sportsbooks have no reason to address bettor problems. But Colorado does not offer legal recourse for bettors who’ve been stiffed by illegal gambling operations. That means there’s no avenue for taking legal action against an illegal sportsbook. Bettors may help shut down an illegal gaming operation, but they won’t get their money back.

Unregulated sportsbooks can also run out of money. This was a common complaint when Coloradans used bookies. Poor cash management could result in bettors winning, but not getting paid their winnings. However, bolder illegal sportsbooks will simply refuse to pay winnings. It’s lucrative, and there’s no one bettors can turn to for help.

This is especially true with offshore sites. All the components of the website may be spread across different countries. A server can be in one country and the staff in another. That makes it easy for a shady site to return repeatedly and difficult for any single government to shut it down. Bettors sacrifice the safety net of licensed sportsbooks at their own peril.

Why Bettors Can Trust PointsBet With Their Money

There are a few reasons bettors can trust PointsBet with their money, bank accounts, and social security numbers. First, PointsBet has undergone a security audit before launching in Colorado. That means an independent security auditor studied PointsBet security systems about three months before the sportsbook went live in Colorado. The auditor submitted its findings to PointsBet and the Colorado Gaming Commission. If the report included recommendations, PointsBet would have to implement them before allowing bettors to wager.

However, there’s a more subtle form of security that bettors will likely miss. In the terms and conditions, PointsBet declares that bettor winnings and operational funds will be held separately. That’s critical to PointsBet’s business integrity. If bettors wagered $100,000 and PointsBet had to pay $75,000 to staff, they can’t pull from the bettor’s $100,000. PointsBet must wait until they’ve paid winnings to use any bettor money to pay operational expenses. That does two important things for bettors:

  • It makes sure bettors have the amount of money to wager that they thought they expected.
  • It makes sure PointsBet doesn’t run out of money to pay winnings.

PointsBet’s adherence to state security standards and common business practices like keeping bettor money and business money separate make it a trustworthy enterprise. Bettors can feel secure depositing and withdrawing money from PointsBet.

PointsBet Fact Sheet

Legal Betting Age21
Legal StatesCO, IA, IL, IN, NJ
PointsBet Colorado PartnerDouble Edge Casino
Colorado Launch Date11/17/2020

PointsBet Sportsbook FAQ

Do Bettors Have To Be In Colorado To Bet At PointsBet?

Yes. If bettors have a Colorado account, then they must be in Colorado to wager at PointsBet. When bettors create their account, they select which state they’re creating the account for. The geolocation will probably choose the state for them. However, the dropdown box is available if bettors are registering for an account out of state.

Do Bettors Need To Be In Colorado To Create A PointsBet Account?

No. Bettors can create an account from anywhere. PointsBet needs the same information regardless of the state the account is created in. However, bettors won’t be able to wager on PointsBet unless they’re in the state that matches their account. PointsBet uses smartphones’ location technology to determine whether bettors are in-state. They can also figure it out if a laptop or tablet is connected to the internet. The geofence may be fidgety near Colorado’s border. But anyone in the middle of the state should be fine.

Does PointsBet Have Live In-Play Betting?

Yes. It’s the first category that pops up when bettors select a league on PointsBet. Game lines are arranged by:

  • In-play lines
  • Featured lines
  • Upcoming lines
  • All competition lines
  • Futures

Some of these categories may be unavailable for certain sports and leagues. The in-play category won’t be available if there aren’t any live games. Upcoming lines won’t be available if only futures are available. However, featured lines, all competitions, and futures are ubiquitous.

Does PointsBet Have Esports Lines?

Yes. It has an esports category available on its full list of sports. It has no available esports lines at the time of this writing. However, it’ll likely offer esports lines when major tournaments resume. Its selection of esports lines will probably say something about the esports oddsmakers PointsBet has on staff. Oddsmakers must know the games well. So, if PointsBet only has experts in a few esports games, they may have a limited offering of esports lines. But if PointsBet has diverse esports experts, that will likely be reflected in the esports lines, too.

What’s The Best Way To Make A PointsBet Deposit?

Direct banking. PointsBet integrates it into their app, so bettors can make their first deposit instantly. Bettors select their bank, then get redirected to their bank’s login page. At this point, PointsBet doesn’t see any of the information that bettors type in. (PointsBet even has a little message that says so.) Bettors can make the deposit, then get redirected to the PointsBet app with money in their sports betting account. It’s easy, convenient, and instantaneous–easily the best option.

How Do Bettors Get Paid If They Win Big At PointsBet?

By withdrawing funds. If bettors click the drop-down arrow in the top-right corner of the screen, they’ll find the option to withdraw under the deposit option. Bettors select withdraw, then enter the amount they want to send to their bank accounts. One to three business days later, bettors should see their winnings in their accounts.

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.