Pointsbet Risk Free Bet & Rules
Online casino sportsbook bonuses provide an exciting way for you to boost your gameplay. This is especially true when you are registering an account for the first time and can claim a casino welcome offer, like the Sugarhouse first deposit bonus or a BetStars free bet offer.
The Pointsbet risk free bet is a competitive deal that offers money back on not one, but two bets. Take a trip with us as we explore the ins and outs of this new player’s welcome bonus in our review of the deal below. We’ll guide you through the terms and conditions and provide some valuable tips for making the most of your journey.
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What do you get from Pointsbet’s bonus?
The Pointsbet risk free bet bonus offers first-time US users an awesome welcome deal of 2 Risk Free Bets up to $2,000. As a risk-free offer, the operator promises to back your first sports bets completely, as long as they do not exceed the stated cap. This means that you truly have nothing to lose on your first two trial bets on the site.
The bonus is split into two different betting options in the following way:
- Get up to $500 in refunds (in free bets) if you lose your first fixed odds bet.
- Get up to $1,500 in refunds (in free bets) if you lose your first points betting bet.
This offer is designed to welcome you to the sportsbook. As such, the deal on the table is split over two different bet types so that you can explore the betting options better and draw a concise conclusion of whether you enjoy using Pointsbet as your betting operator or not.
You will need to fit the bill for your first fixed odds and points betting wagers. Should you win rewards from either bet, you can claim your money as normal. If you lose either of these wagers, they are insured up to $500 on the fixed odds bet and $1,500 on the points bet.
If you lose your bets, the bookmaker will refund you for your losses with Pointsbet free bet credits, which you can use to place additional bets and try to recoup your losses. In the case that you win rewards from these free bets, you can cash out the profits. If you, however, lose again, the funds are lost forever, and you’ll have to look for another exciting bonus to help you on your way.
What can you use the Pointsbet free bet bonus on?
Pointsbet Sportsbook offers a large selection of sports to bet on with a large spread of betting markets from one sport to the next. Fortunately, there is no restriction on the types of sports or games you can use your free bet bonus on, as long as it offers either fixed odds or points betting wagers. If you don’t know what these bet types are, continue reading below:
A bookmaker will set opening odds on various matches, races, and sports events. When the betting markets open, the odds can change as more and more people place their predictions. Fixed odds bets will allow you to place your bet and fix the odds in place at the level you entered on. Therefore, if the market changes, it will not interrupt your current odds.
This is completely different from fixed-odds betting because your potential winnings or losses are not fixed. The odds will only be final at the end of the game. Using the American moneyline format, if you place a bet with opening odds of 200 and the odds raise to 250, you will earn 50x (250 less 200) your bet. If the odds drop to 180, you will lose 20x your bet (200 less 180). It’s a risky form of betting but with the potential to yield great rewards.
Americans are generally patriotic and love their sports, so the bookmaker has supplied several exclusive US sports for you to bet on as a result. Filter through the options and pick your favorite games in various genres, like baseball, football, hockey, basketball, tennis, soccer, NASCAR, MMA, boxing, horse racing, and more. The bookmaker covers all the major leagues too, so you can back your teams in the MLB, NFL, NHL, NBA, and MLS. Head to the featured sports in the main menu to filter through the country’s favorites.
Of course, if your sport or betting fancies lie outside of the US, you can bet accordingly on other major sports like rugby union, rugby league, cricket, golf, and many more.
What important terms do you need to consider when claiming the Pointsbet risk free bet bonus?
Before you claim the risk-free bet, it is advised that you read through the terms and conditions set out by the bookmaker, paying particular attention to the Pointsbet free bet rules. If you are new to this form of betting, here are a few things you might want to know regarding the principles involved in such bonus options:
This risk-free bet and the free bets that result from losses are playable on sports only, unlike the DraftKings deposit bonus which offers players the option of using the promo funds on casino games or sports. The reason for this is that Pointsbet is purely a sports betting site and does not offer casino games to the public.
Bonus bets are bonus cash
It is important when going into the Pointsbet risk free bet bonus that you understand that the refunds from your initial losses are credited to you as bonus bets/free bets and not as real money. This means that you will have to place new bets for the chance to walk away with real money rewards.
CIf you lose your initial bet and the Pointsbet risk free bet offer kicks in, it could take up to 24 hours after the bet is settled before you are awarded the free credits.
If you win your initial bet, you can claim your winnings and there will be no need to claim a bonus bet. If you lose your initial qualifying bet and receive your Pointsbet free bet and then win rewards from that bet, you can claim the profits from the wager. In other words, the operator will subtract the free bet amount from the winnings, and you can claim the balance.
Pointsbet risk free bet restrictions – important points to know before you bet
As with all casino and sportsbook bonuses, there are various restrictions on the promotions highlighted in the Pointsbet free bet rules and on the general terms and conditions page. We will highlight the main ones to look out for along with some good tips on how to work with these restrictions to make the most of the offer. The main restrictions include:
- Age restriction: You can only play at Pointsbet and use their promotional offers if you are 21 years of age or older.
- First bet only: The Pointsbet risk-free bet is restricted to your first fixed odds bet and your first points betting wager for new customers only.
- One time use: The offer is restricted to once-off use by you. The bonus is therefore limited to one account, once per device, once per residence, and once per IP address.
- Specific bets: The bonus is restricted specifically to fixed odds (up to $500 only) and points betting odds (up to a maximum of $1500).
- Minimum bet: The terms and conditions mentioned on the bookmaker’s website explain that the minimum bet allowed on the online site is $0.50. The lack of a minimum bet mention in the Pointsbet free bet rules means that you can use this minimum for the offer.
- Maximum risk-free bet: The terms and conditions of the Pointsbet risk free bonus expressly cap the refund amount to a maximum of $500 and $1500 for fixed odds and points betting odds, respectively. This means that if you wager more than this amount and lose, you will not get your entire bet back – only the capped amount.
- Time restrictions: Once the risk-free bet has been paid out as a Pointsbet free bet, you will have 7 days to use and settle your bets.
- No Stop loss options on bonuses: You cannot set a loss limit on your bonus wagers, which means you could lose a lot on an uneducated guess.
- Your account and payment method must align: If the name associated with your account is not the same as the name associated with the payment method used to place your deposit, you will not be able to withdraw wins from the bonus.
Make sure that the right person in your household registers the account. If you are the one who owns the credit card or PayPal account, then you should be the one to sign-up, fund the account, and bet the money.
Be sure not to exceed the $500 for fixed odds games and $1500 for Points betting odds. In fact, when placing a points-betting bet, we advise that you stick to a number lower than $100. The potential for big losses is possible with this betting option and the fact that you cannot use a stop loss option means that you must mitigate the risk in any way possible. Of course, you won’t want to pass up the option for a Pointsbet free bet but just stick to lower wagers. Also, stick to the games you know and the teams or players you are familiar with. Placing uneducated guesses will set you up for disappointment.
Finally, if you lose your bets and receive free bets in return, be careful how you use them. They are only valid for 7 days, which means that you should plan your initial bets with game dates in mind. This way, you can ensure that the free bets will settle before the deadline, and you can potentially cash out real prizes in time.
Checkout Pointsbet’s other bonuses in 2023 – extra action and satisfaction
Pointsbet is no one-hit-wonder. While they provide incentives for new players to join up, there are a fair number of deals for regulars to enjoy too. Each of these is restricted to sports bet play, so if you are looking for casino bonuses, you may want to take advantage of a Caesars Casino free spin deal or something similar.
From time to time, players can claim Pointsbet free bet bonuses on specific game types. At the moment, the operator is offering a Risk-Free bonus of $25 on Parlay bets for the NBA playoffs. Other bonus options include parlay boosts, bet insurances, and more. These promotions will change from time to time, so be sure to keep your eyes peeled to the site’s promo page or subscribe to receive offers via email when you register your account.
There is also a Pointsbet Reward program for players. The more you bet, the more points you’ll earn. Receive 1 point for every $5 spent on fixed odds bets or a point for each dollar spent on the riskier points bets. You can eventually redeem your loyalty points for free bet rewards.
Pointsbet risk free bet FAQ
❓How does Pointsbet risk free bet work?
The Pointsbet risk free bet offers you the chance to capitalize on your first two bets by refunding you credits on your losses. Read our review of the deal for all the rules on how to claim the offer and play through its terms and conditions.
💰Can I win real rewards with a Pointsbet risk free bet?
Pointsbet risk free bonuses are designed to prevent you from losing an excessive amount of money on your first two bets. Be assured that there are various ways to capitalize on the offer – all of which we discuss in our review of the deal.
⚖️ Are Pointsbet free bet bonuses fair?
Pointsbet is a leading US sportsbook that is licensed to operate in various states in the country. We evaluate their offer with our full review of the deal so that you can use the information to judge just how fair it is in your opinion and whether it will work for you.
