The PointsBet Sportsbook at Catfish Bend is now online in Iowa.
Just in time for the Thanksgiving weekend, PointsBet IA announced on Tuesday it has commenced online and mobile betting for Iowa residents.
PointsBet is the fourth mobile sportsbook to launch in Iowa since the state approved in-person and online wagering this past May.
The first retail sportsbooks and two mobile apps launched in August to kick off Iowa sports betting. PointsBet was among the early movers with its retail sportsbook at Catfish Bend Casino opening on August 19th.
Getting Started with PointsBet Iowa
Local sports fans can get started by signing up for an account in-person at Catfish Bend Casino in Burlington.
In-person registration is required under the new Iowa sports betting law until the end of 2020. Starting 1 January 2021, Iowa residents and visitors will be able to register for mobile betting accounts from anywhere inside state lines without having to visit a casino in person.
Here’s how to get started today:
- Visit PointsBet Sportsbook at Catfish Bend Casino to register in-person
- Download the GeoGuard Location Validator from the App Store or Google Play Store
- Point your mobile browser to IA.PointsBet.com
- Sign up for an account, make a deposit and bet on sports
The PointsBet IA Twitter account also posted a simple getting started video this week with instructions for getting started quickly:
With PointsBet Iowa Online here, let us walk you through the steps you need to take to ensure you are able bet on your device: pic.twitter.com/3GwuOGvdQB
— PointsBet Iowa (@PointsBetIA) November 26, 2019
PointsBet Is Not Your Typical Sportsbook
Where PointsBet stands out among the other sportsbooks that have launched to date in Iowa is its unique form of wagering. In addition to accepting traditional pregame and in-play wagers, PointsBet offers PointsBetting markets that allow customers to bet a certain dollar amount on each point of the game for variable wins and losses.
In the words of PointsBet, “the more you’re right, the more you win.”
For example, you could choose to wager $1 per point on the total in an NBA game in which the total has been set at 220 points. If the final total ends up being 235 points, you would net a $15 win ($1 x 15 points over the total).
This concept also works in the reverse, or as PointsBet puts it, “the more you’re wrong, the more you lose.” If you bet $1 per point on the total at 220 points but the final total ends up being just 200 points, you would lose $20.
The good news for risk averse bettors is PointsBet does allow customers to set win and loss caps on any market. This way, you can set a maximum loss amount and know exactly how much you stand to lose even in the worst-case outcome.
PointsBetting markets can also be found for other bet types such as spreads. Let’s say you bet $10 per point on the Vikings at -3 over the Raiders. If the Vikings end up winning the game by 10, you would net a $70 win ($10 x 7 points over the spread).
If this sounds a bit complicated, fear not. PointsBetting makes a lot more sense once you run through it once on your own, and PointsBet is offering new customers up to $1,000 in risk-free bets to get started.
If your first PointsBetting wager loses, PointsBet will refund it with up to $500 in bonus bets to try again. The same also goes for your first standard fixed-odds wager: if it loses, PointsBet will refund it with up to $500 in bonus bets.