PointsBet Review & Promo Code 2026: Bonus bet offers for new customers

Quick Summary

Who is PointsBet?

PointsBet is an Australian-born bookmaker founded in 2017 that has carved out a unique niche in the market through its innovative PointsBetting spread product, the only spread betting option available from an Australian bookmaker. In September 2025, Japanese entertainment company MIXI completed a $430 million takeover of PointsBet, providing significant financial backing for future growth while maintaining the Australian-licensed operation. Licensed by the Northern Territory Racing Commission, PointsBet has grown rapidly by offering punters something genuinely different: the ability to win more the more they are right through spread betting, alongside a full traditional fixed-odds product. The brand has invested heavily in horse racing, partnering with Racing Victoria, Racing NSW, and other state bodies. PointsBet was also an early adopter of Same Race Multi and developed the innovative Hourly Quaddie product, which generates a new quaddie set every hour of racing throughout the day. Free HD live streaming for all account holders and a polished mobile app complete a product that appeals to punters seeking innovation. Founded 2017. Licensed by Northern Territory Racing Commission. Target market: Innovative punters who enjoy spread betting and unique wagering products alongside traditional fixed odds.

Licensed by Australian licensed (see operator site for details). Target market: Australian horse racing punters.

PointsBet Promo Code Details

Use promo code RACEPOINTS when creating your PointsBet account to ensure eligibility for the latest welcome offer. Claim steps: 1) Click through from Race.com.au to the PointsBet sign-up page. 2) Complete the registration form and enter RACEPOINTS in the promo code field. 3) Verify your identity by providing 100 points of ID as required under Australian regulations. 4) Make your first deposit (minimum $10) using Visa, Mastercard, PayPal, POLi, or bank transfer. 5) Place your first qualifying bet on any racing or sport market to activate the bonus bet promotion. PointsBet bonus bets are typically credited after the qualifying wager settles and can be used on traditional fixed-odds markets or PointsBetting markets. Terms, minimum odds, and offer specifics change periodically, so always verify the current promotion on the PointsBet website. New customers only, aged 18+, Australian residents.

Horse Racing Features

PointsBet delivers a comprehensive horse racing product with a distinctive twist: the PointsBetting spread product. With PointsBetting on horse racing, punters can wager on margins such as the winning distance or total margins across a race, winning more the more they are right. Spread Protection limits the maximum downside, so punters know their worst-case loss before placing the bet. Beyond PointsBetting, PointsBet covers every Australian thoroughbred, greyhound, and harness meeting with traditional fixed odds. Win, place, each-way, quinella, exacta, trifecta, first four, quaddie, and Same Race Multi are all available. The Hourly Quaddie is an innovative product unique to PointsBet that generates a new quaddie set every hour of racing throughout the day, keeping punters engaged across the full card. Best Tote products are available on selected meetings. International racing from the UK, Ireland, Hong Kong, and other major jurisdictions is covered. Free HD live streaming is provided for all account holders across Australian racing.

Betting Platform Review

The PointsBet app is modern and well-designed, with a clean interface that handles both traditional fixed-odds betting and the unique PointsBetting product. The app is available on iOS and Android with solid ratings on both platforms. Race cards display form, odds, and PointsBetting markets clearly, though some users find the PointsBetting terminology initially confusing. Deposits are available via Visa, Mastercard, PayPal, POLi, and bank transfer, with a minimum of $10. Withdrawals typically process within one to three business days. Free HD live streaming is a significant advantage, covering Australian racing without requiring a funded bet to access. Customer support is available via live chat and email, though response times can be slower during off-peak hours. The bet slip handles standard bets and PointsBetting wagers clearly. Some users report occasional lag in the app during peak racing periods, which PointsBet continues to address with updates.

Pros & Cons

How to Sign Up

1. Click the "Claim PointsBet Promo" button on this page to visit PointsBet.
2. Enter promo code RACEPOINTS during the registration process.
3. Complete identity verification with 100 points of ID.
4. Make your first deposit (minimum $10) via card, PayPal, or bank transfer.
5. Place your first qualifying bet to activate the bonus bet offer.

PointsBet vs other bookmakers

How PointsBet compares for bonus bets, horse racing coverage, odds and more. Scores out of 5.

PointsBet vs Competitors

PointsBet vs Sportsbet: Sportsbet is larger with more promotions; PointsBet offers unique PointsBetting spread product and free HD streaming for all account holders. PointsBet vs bet365: bet365 leads on streaming coverage and unique features like Odds Drift Protector; PointsBet has the more innovative betting product with spread wagering. PointsBet vs Neds: Neds has a simpler, more polished app and better sign-up offer; PointsBet appeals to punters who want something different from standard fixed odds.

Frequently Asked Questions

Is this bookmaker licensed in Australia?

Yes — all bookmakers reviewed on Race.com.au hold Australian licences. Check the operator’s website for full licensing details and terms.

Responsible Gambling

Race.com.au supports responsible gambling. If you or someone you know has a gambling problem, free support is available 24/7. Call Gambling Help on 1800 858 858 or visit gamblinghelponline.org.au. Set deposit limits, take breaks, and use self-exclusion tools if needed. Never chase losses. Our bookmaker reviews are for informational purposes; please bet within your means.

18+ Only. Gamble Responsibly. Think! About your choices. Call Gambling Help on 1800 858 858 or visit www.gamblinghelponline.org.au. T&Cs apply. gamblinghelponline.org.au. Call 1800 858 858 for 24/7 support. T&Cs apply to all offers.