PointsBet Rewards Program Explained: How It Works

PointsBet Rewards is the official loyalty program of PointsBet Sportsbook. It’s a relatively simple rewards program compared to the many others out there, but it provides significant value, even for small-stakes bettors.

The PointsBet loyalty program rewards customers with bonus bets, second chance bets, custom promotions, invitations to special events, and more based on their wagering activity. All customers automatically join PointsBet Rewards after signing up and begin earning points from their first wager onward.

Read on for an overview of PointsBet Rewards, information about customer benefits, and much more.

PointsBet Rewards Points Snapshot

• All new customers automatically join PointsBet rewards on day one
• Bettors receive Rewards Points for every wager they place
• Parlays, in-play betting, and PointsBetting wagers generate Rewards Points faster than fixed-odds bets
• Customers can easily convert points into bet credits
• Loyal players receive invites to the exclusive Platinum and Diamond Club tiers
• Available to players in all states where PointsBet operates
• PointsBet Rewards does not cover PointsBet Casino

PointsBet Rewards Program Overview

The PointsBet loyalty program revolves around Rewards Points. All customers automatically earn PointsBet Rewards Points for every wager they place, win or lose.

After earning a few points, customers can exchange them for Rewards Points at any time for bonus bets to use on any sport. It’s one of the most straightforward sportsbook loyalty programs on the market, but it’s just as valuable as the industry’s most complicated VIP programs.

How to Earn Rewards Points at PointsBet

PointsBet gives players Rewards Points based on the type of wager made. Wagers with a higher house advantage earn points faster, while fixed-odds wagers earn them slower:

• Fixed-odds bets: $5
• Parlays and Same Game Parlays: $1
• Live bet: $1
• PointsBetting: $1

For example, a $100 fixed-odds wager earns 20 points, while a $100 bet of any other type earns 100 points.

How to Redeem PointsBet Rewards Points

Redeeming Rewards Points is simple. PointsBet customers can redeem Rewards Points by visiting pointsbet.com or launching the app and logging in. After logging in, bettors can open the account menu, select “Rewards,” and hit the “Redeem” button.

Every 100 points are worth $1 in bet credits, meaning every point is worth $0.01. Bettors can redeem a minimum of 250 Rewards Points for $2.50 in bonus bets, and there is no maximum.

As such, the cashback rate works out to 0.2% on fixed-odds bets and 1% on all other types of wagers. It’s not a massive cashback rate, but it’s good for sports betting because it reduces the dollar amount paid in vigorish by about 4.4% on fixed-odds wagers and about 22% on all other bet types.

PointsBet Rewards Program Tiers

The PointsBet Rewards club consists of three tiers.

All new customers start at the entry-level tier, where they can redeem points for bet credits. Most bettors stay at the entry tier, but high-volume customers may receive a special invitation from to join the PointsBet Platinum Club or ultra-exclusive Diamond Club.

PointsBet does not publish a points threshold bettors must reach to receive an invitation to its two invitation-only levels, but customers can send an e-mail to platinum@pointsbet.com for information.

Entry-Level: Everyone Starts Here

All customers start at the entry-level tier, and most remain there.

Customers in this tier can exchange points for bonus bets, participate in promotions, get $50 in second chance bets for each friend they receive, and take advantage of PointsBet’s unique features, but they don’t receive additional loyalty perks.

The entry-level tier isn’t flashy, but the simple exchange program provides more value than most sportsbooks’ rewards programs.

PointsBet Platinum Club

Platinum Club is the first of two invitation-only tiers, providing significantly upgraded customer benefits. Its highlights include:

• $20 Daily Bet & Get: Every day, PointsBet Platinum users can place a $20 same game parlay on any sport to get a $20 bonus bet to use as they wish.
• Parlay Booster Tokens: Platinum Club members get regular payout boost tokens to use on parlays and same-game parlays.
• Enhanced Customer Support: Platinum Club bettors receive a dedicated support phone number reachable by text or call.
• Better Power Hours: Platinum users can check their account every day between 6 PM and 7 PM ET for a special offer.
• Custom Promotions: PointsBet creates custom promotions for bettors based on their favorite teams and sports
• Birthday Bonus: PointsBet Platinum customers receive bonus bets on their birthday each year
• $200 Referral Bonus: Platinum VIP members who refer friends can earn up to $200 in

PointsBet Diamond Club

PointsBet Diamond Club stands several steps above all the others in value and exclusivity. Bettors who receive the rare invitation to the Diamond VIP club can look forward to the following benefits:

• Live Experiences: Diamond Club members receive invitations to exclusive meet-and-greets with PointsBet brand ambassadors.
• Custom Promotions: Diamond Club delivers exclusive and high-value promotions to members based on their favorite teams and betting history.
• Tickets and Live Events: PointsBet Diamond Club VIP members receive tickets and invitations to “premium events across the country.”
• Big Referral Bonuses: Diamond Club members who invite their friends receive bonuses worth up to $3,000 and access to special events after their referrals register and place a $100+ wager.
• Birthday Bonuses: Every year, Diamond Club members get a surprise birthday gift courtesy of PointsBet.
• Premium Customer Support: PointsBet issues a personal account manager to every Diamond Club customer, accessible 24/7 by phone and e-mail.
• Expedited Withdrawals: All Diamond Club members get 30-minute wire transfer withdrawals when they request $10,000 or more.

PointsBet Rewards Points FAQ