PointsBet made its name with spread betting — where your winnings or losses grow the further the result lands from the line — and has since built a full fixed-odds racing and sports book.
No sign-up bonuses under national law; PointsBet instead leans on a high-frequency promo engine for existing members: regular boosts, bet-back offers and its well-known early payout specials.
Current PointsBet promotions for existing members
Karma Kommittee
PointsBet's goodwill program has historically refunded unlucky losing bets — a brand-building promo that's become a signature.
Early payout
Selected sports and racing markets paid out early when your selection goes well clear.
Boosted odds
Daily boosts across racing and sport with clear max-stake terms.
Bet-back offers
Stake returned on nominated races when your runner misses narrowly.
Promotion availability rotates and can differ by state — check the Offers tab in your account for what's live today.
Payments & withdrawals
Visa/Mastercard, POLi, bank transfer, PayID and Apple Pay. Instant deposits on cards and PayID; withdrawals typically same day to next day.
App & live streaming
The PointsBet app is well regarded for speed and offers live streaming on selected racing and sport for eligible members.
PointsBet strengths and watch-outs
Strengths
- Only major AU spread-betting product
- Innovative promos (Karma Kommittee, early payout)
- Fast app
- Competitive fixed odds on Saturday metro racing
Watch out for
- Spread betting is high-risk — losses aren't capped at stake
- Fewer retail touchpoints than TAB
PointsBet bonus bets FAQ
- Does PointsBet have a sign-up bonus?
- No — illegal nationally. Existing-member promos such as boosted odds, early payout and the Karma Kommittee deliver the value instead.
- What is spread betting at PointsBet?
- A bet where profit or loss depends on how right or wrong you are relative to a line — e.g. a horse winning by more margin earns more, but losing by margin costs more than your stake. It's exciting but high risk; know the product before trying it.
- Is PointsBet Australian?
- Yes — PointsBet was founded in Australia (Darlinghurst, Sydney) and is ASX-listed, though it has expanded into the US market.