What is a Bonus Bet?
A bonus bet is a voucher which PointsBet may provide to you to place a stake on an outcome at no risk to yourself. Bonus bets are given to customers for reasons such as: Racing/Sport Promotions, Marketing offers via email/sms or our Rewards points.
Do I Have Any Bonus Bets In My Account?
To check if there are any bonus bets in your account, head to the Account section of the site and click on the ‘Bonuses’ link. This will show you how many bonus bets you currently have in your account and may even give you the option to split them.
Here you can see that the account has one $10 bonus bet currently, with the option to split it if desired. If you would rather have e.g 2 x $5 bonus bets instead of 1 x $10 bonus, simply click the SPLIT button shown which will open the following box on your page:
From here, simply select your desired split amount and it will be automatically split for you. Please note that a bonus bet can be split a maximum of 4X and only split once. Money Back special bonus bets are not eligible to be split.
How Do I Use My Bonus Bets?
If you have a bonus bet in your account, it is very easy to use it. Simply click on your desired market and click the ‘Use Bonus Bet’ check box.
This will then provide you the option to choose which of your bonus bets you wish to place on this selection.
Select your desired bonus and click PLACE NOW and CONFIRM your bet as you usually would.
How Are Bonus Bets Paid Out?
When you place a bet using a bonus bet the winnings are calculated differently to a cash bet. A bet placed with a Bonus Bet will pay out the winnings minus the bonus bet stake. For example, if you placed a $20 Bonus Bet at odds of $10 your winnings would be $180. This is calculated by multiplying the stake by the odds ($20 x $10 = $200) and then subtracting the stake of the bet ($200 - $20 = $180).
Am I Eligible For A Bonus Bet For Creating An Account?
Due to a legislation change in early 2019, Australian bookmakers are no longer able to advertise deposit bonus offers or offer new clients any bonus as an incentive to create a betting account. As a result, PointsBet is unable to promote any deposit offers to the public. Whenever an existing account holder is eligible for a bonus bet or deposit bonus offer, PointsBet’s Marketing Team will contact the relevant clients directly by email or SMS.
Do I Have To Bet Through My Winnings From A Bonus Bet?
All winnings from bonus bets are not subject to turnover requirements and can be withdrawn immediately. However as with all deposits into a PointsBet account, when receiving a deposit bonus offer the deposit amount must be bet through at least one time at any odds before a withdrawal can be made.