Reviewed by: Ben Miles
Australian sports betting company PointsBet made the big leap to the United States market in 2019 when it launched in New Jersey. It’s since planted its flags in several other states, including Colorado. In fact, PointsBet’s US headquarters happen to be in Denver. But what exactly does this online sportsbook offer to bettors in the Centennial State?
That’s what we’re about to explore. Our detailed breakdown of PointsBet Colorado will shed light on every aspect of the site, from its welcome offer to its banking options to Points Betting itself.
PointsBet’s standout feature is Points Betting. This is a way of wagering you won’t find at other Colorado sportsbooks, which for many bettors will be reason enough to sign up at this site. But PointsBet has plenty of other plus points, including a great range of markets, a solid rewards program, and daily profit boosts on parlays. If you feel like finding out more, we’ve got all the details here.
Pros:
Cons:
PointsBet inks an exclusive sports betting partnership with the Korn Ferry Tour’s TPC Colorado Championship at Heron Lakes.
PointsBet launches its sportsbook in Colorado. That same year, the sportsbook becomes the exclusive gaming partner of the Denver Nuggets, Colorado Avalanche, Colorado Mammoth, and the Pepsi Center.
PointsBet announces it will be setting up its US headquarters in Denver. Later in the year, sports betting measure Proposition DD is given approval by Colorado voters. It sets the new legislative framework for sportsbooks like PointsBet to operate in the Centennial State.
PointsBet’s welcome bonus for new customers has two distinct components. First, there’s a risk-free bet that covers up to $500 of a losing stake. So, if you sign up, input the bonus code WELCOME, and make a first wager that doesn’t go your way, you’ll get up to $500 refunded as bet credits.
The second component is much bigger: a risk-free bet covering up to $1,500. This only applies to a wager made using the site’s unique Points Betting format. This can be a good way to mitigate the risk of trying out Points Betting for the first time. And, if Points Betting isn’t for you, you can simply limit yourself to the $500 risk-free bet for a conventional wager.
Go To Pointsbet ColoradoPointsBet doesn’t just provide promos for newbies to the site. Existing customers can look forward to boosted payouts on parlays. You’re entitled to boost one traditional parlay and one same game parlay per day, as long as they feature at least three legs. Just hit the lightning icon and you can reap bigger returns than you’d otherwise get. While we’d love to see PointsBet offer additional deals for regular customers, these profit boosts are still a nice perk of the site.
PointsBet caters to most sports fans by offering betting markets for 20 different categories. These include biggies like the NFL, NHL and MLB, as well as the likes of handball and volleyball. There are numerous ways to bet on many events, including detailed props, over/under bets and, of course, Points Betting, which we’ll discuss in more detail below. All of this means you’re unlikely to get bored at this sportsbook anytime soon.
If live betting is one of your passions, you’ll be probably be pleased by PointsBet’s offering. From soccer to table tennis, the bookmaker provides in-depth live markets for plenty of sports.
What’s more, PointsBet provides live streams of select sports events. As well as being enjoyable, assessing the action first-hand as it unfolds can also potentially help you make more informed decisions on your live bets.
Another great thing about PointsBet is that you can cash out certain selections. This is where the sportsbook calculates how much you can get for closing your wager early before the outcome has been determined. Let’s say three legs of your parlay have come good, but you’re worried about the fourth. You may want to cash out the parlay early, which would bring you a smaller return than an outright win, but removes the risk of losing it all.
What if you want to cash out and keep some of the bet in play, however? That’s possible on certain selections thanks to the partial cash-out feature. You just use a handy slider to determine how much of the bet you’d like to close, and how much you’d like to see through to the end.
PointsBet is a highly competitive sportsbook, offering odds in line with what you’d expect from the respective markets. On top of this, you can often capitalize on boosted odds. As the phrase suggests, this is where PointsBet offers better-than-average odds for certain selections.
You’re also able to find odds for your own, bespoke selections using the ‘Name a Bet’ feature. Simply put, if you have a particular bet in mind, but it isn’t currently offered on the site, you can submit the suggestion through the interface. PointsBet will then decide whether it can offer you a price for that selection.
The freedom to dip into a sportsbook and place bets or manage your money on the move is important to many sports fans. As well as being able to log into your account through your mobile or tablet’s browser, you can download PointsBet’s native app. This offers fast, convenient functionality, with all the markets and bonus offers ready to tap. You can also watch the live streams on the go.
Getting the betting app is a breeze. First up, follow our link straight through to PointsBet’s registration page. Once your account is up and running, you can download the native app from Google Play, for Android devices, or from the App Store for iOS phones and tablets.
Pros:
If there’s one area where PointsBet falls a little short, it’s in terms of design. Unlike most other sportsbooks, the site doesn’t present the key information straight away. Rather than having the sports categories clearly laid out on the left at all times, it requires you to open a drop-down menu to access the options every time you want to change category. Some users may also find the homepage a little cluttered, thanks to the presence of big banners and a prominent list of upcoming events with animated timers counting down the seconds till they start. Still, this stance is subjective, and many users may well enjoy the fact that PointsBet employs its own distinctive layout.
Much has been made of the special feature that gives PointsBet its name. But what exactly is Points Betting? It’s a unique wagering format where your payout (or loss) is determined by the margin of your victory or defeat. As the site itself puts it, ‘the more you’re right, the more you win. The more you’re wrong, the more you lose.’
Say you’re Points Betting on a hockey game, and put money on the total goals being over 5.5. If the final score is 4-4, which is to say 2.5 over the threshold, you’ll win 2.5x your stake. If, however, the final score is 2-2, which is 1.5 below the threshold, you’ll lose 1.5x your stake. It’s easy to see how Points Betting can ramp up the excitement right to the final second of an event, as every point can make a difference. However, it is a high risk way to wager, so some players may prefer to stick to conventional bets instead.
Go To Pointsbet ColoradoAs you’d rightly expect from a major Colorado sportsbook, PointsBet makes it easy to manage your betting funds. Deposit options include online banking, debit and credit cards and PayPal. You can also fund your account with cash using PayNearMe at participating retailers.
Withdrawals can be made via online banking, ACH/eCheck and PayPal. The official processing times are a little longer than what we’ve seen at some other sites, and it is a shame that PointsBet doesn’t have the Play+ card option. Hopefully, this will change in the future.
| Min deposit | Minimum Withdrawal Limit | Withdrawal Processing Time | |
| PayNearMe | $5 | N/A | N/A |
| Credit/debit card | $5 | N/A | N/A |
| PayPal | $5 | $5 | 1-2 days |
| ACH/eCheck | $5 | $5 | 2-5 days |
| Online banking | $5 | $5 | 2-5 days |
PointsBet has a very clearly laid-out help section that provides detailed answers to many FAQs. If, however, you have specific issues or problems, you can contact customer service 24/7 via the live chat window. The other recommended way to get in touch is by email.
Yes, and it’s called PointsBet Rewards. This program gives you 1 point for every $5 wagered on standard fixed odds selections, 1 point for every $1 wagered on parlays, and 1 point for every $1 wagered on Points Betting markets. Points can then be redeemed for free bet credits
PointsBet has a ‘Karma Kommittee’ which can approve a refund of your stake if you suffer a bad beat. That is to say, when a seemingly inevitable win is torpedoed by a sudden bit of bad luck such as an injury or a bad call by the referee. This is down to the Kommittee’s discretion, though. If you feel you could be entitled to have your stake reimbursed in the form of free bet credits, tweet them at #KarmaKommittee.
Yes, but not in Colorado as online gaming isn’t legal in the Centennial State. You’ll have to be located in eligible states like New Jersey or West Virginia to access online casino games at PointsBet.
