PointsBet Indiana $250 welcome bonus terms in May 2023

Here is a rundown of how to make the most out of the $250 PointsBet Sportsbook welcome bonus.

• Register a new account with PointsBet Indiana
• Make a deposit of $10 or more
• The first cash bet you place each day during your first five days at PointsBet will be covered up to a maximum of $50 per day.
• All fixed-odds bets are eligible for this promotion. However, PointsBetting bets are not covered.
• PointsBet refunds your loses on qualifying wagers with bet credits not cash.

Once again, you do not need to enter a PointsBet bonus code to get in one this $250 welcome offer.

Start sports betting at PointsBet

To start betting, you can use this link to visit PointsBet and create your new account.

After clicking the link, you will go to a sign-up page where you will need to complete the registration form.

In either, the first page of the form asks for your first and last name and email address, and the promo code. You will also have to give further details, including the last four digits of your Social Security number.

The Indiana Gaming Commission (IGC) insists on correct identification, including proof of address and age, to ensure there is no risk of underage gambling.

The Banking Secrecy Act demands you provide these details before processing financial transactions online to prevent money laundering. It takes only a few moments but ensures that the legal sports betting sites are safe and secure for Indiana gamblers.

As soon as you have your account set up, you can put funds into your account and start betting on your favorite teams.

Sports selection at PointsBet Sportsbook

Indiana law specifies which sports and which competitions the operators can offer, and PointsBet covers most of these:

• Aussie rules football
• Baseball
• Basketball
• Boxing
• Cricket
• Cycling
• Darts
• Entertainment
• Football
• Golf
• Hockey
• MMA
• Motor racing
• Rugby Union
• Soccer
• Tennis

All these should also be available in Indiana.

The Indiana law allows for operators to request permission to offer bets on other sports. Under the “Name a Bet” category, PointsBet invites you to tweet @PointsBetUSA to propose a bet on “markets” that isn't already available.

Bet selection at PointsBet Indiana Sportsbook

Parlays are so popular in the US that PointsBet provides a “Quick Parlay” option.

It enables you to get straight to the most popular parlay types, either moneyline, points spread or totals (aka over/under).

In-play betting

Indiana law allows operators to offer in-play betting. After a game's start is rapidly becoming the most popular time to wager.

In-play betting is possible because of near real-time data feeds, something that only legal, regulated operators can access.

PointsBet offers moneyline, points spread or totals bets on what it terms “markets.”

The in-play menu item will take you to a page where the available bets are displayed. These are grouped as:

• Main markets
• Second-half markets
• Fourth-quarter markets
• Totals markets
• Spreads markets

PointsBetting: The PointsBet difference

New sports bettors should proceed with caution with PointsBetting. Unusually, with this type of sports betting, you can lose more than your initial wager.

If you bet $50 on, for example, the Dallas Cowboys to win their next game when the line is set at 10 points, you win your bet if the Cowboys win by anything over 10 points.

It doesn't matter if they win by 40 points, your winnings are the same. Similarly, if the Cowboys don't win by 10 points, you lose your $50 stake, and that's it.

In PointsBetting, the score affects the bet payout. You win more if the Cowboys win by more and lose more the more they miss the expected line.

The amount you win or lose changes by each additional point that the final score is above or below the line.

PointsBet has risk algorithms that calculate how much each additional point is worth.

In football or basketball, where high scores are common, each additional point is worth less in games like hockey, where final scores are much lower.

This variation has a significant impact on your potential wins and losses. To mitigate your risk, PointsBet offers a stop-loss option, which sets a cap on your loss or potential gain from any individual bet.

When you make a PointsBet, your betting slip shows the maximum amount you could win or lose on the bet. Our advice is to make sure you check that you are comfortable with your potential loss before you place your wager.

You cannot make a PointsBet unless you have sufficient funds in your account to cover the maximum possible loss. Also, you can't withdraw funds from your account that are committed to bets that aren't settled.

PointsBetting adds a lot of excitement to a game because the difference between winning and losing a bet can be higher than your initial stake.

PointsBet booster bets

The main menu includes a section called “Booster Bets.” These bets are, in effect, mini promotions on specific games. The page shows several wagers where the odds are improved to give you a better payout than average.

Some recent booster bets:

• Cody Bellinger to have more RBIs than Carlos Correa (boosted from -500): -400
• Bellinger to have a higher batting average than Correa (boosted from -155): -135
• Aaron Judge to have a higher batting average than Jose Altuve (boosted from +300): +350

These are examples of prop bets, when rather than betting solely on the winner or score of a game, you can bet on something more specific, such as individual performance.

PointsBet also offers booster bets on big games to help get the action going.

Deposits and withdrawals at PointsBet Indiana

In PointsBet's terms and conditions, it clearly states:

“Deposits and member winnings are held in a separate, segregated bank account. These funds belong to you, subject to review of evidence of fraud, and PointsBet may not use these funds to cover operating expenses or for any other purposes. Your withdrawals will be made from this separate bank account.”

One significant advantage of betting with a legal online sportsbook is that your money is safe.

The other is that deposits and withdrawals are fast, reliable and hassle-free.

If you have ever tried to withdraw from an offshore sports betting site, you know it is not a simple process. All offshore gambling transactions are banned from using the US banking system.

PointsBet Indiana deposit methods

At PointsBet, the Iowa and New Jersey sites offer different deposit methods.

In Iowa, you have to sign up for an account in person, which is not the case in Indiana. PointsBet Indiana is likely to be similar to its New Jersey model.

So, in NJ, you can make deposits at PointsBet via:

• Visa or Mastercard: However, not all banks allow credit or debit card transactions for gambling, even though it is legal. Check with your bank first.
• ACH: Also known as e-checks, this is a fast and easy way of funding your sports betting account directly from your bank account.
• Online Banking: This method is via wire transfer.
• PointsBet Mastercard: You can fund this PointsBet-issued card with your debit or credit card. It comes in handy when your bank doesn't allow transactions with a gambling site. Your PointsBet Mastercard is free and comes seven to 10 days after you apply. Also, you can use it to withdraw cash or pay for goods.
• PayNearMe: This service operates from 7-Eleven stores. You can make a deposit using cash that gets credited to your PointsBet account.
• Casino Cage: In New Jersey, customers have the option to deposit funds at the casino cage of PointsBet's partner, Meadowlands Racetrack. Indiana bettors will likely be able to deposit cash at the cage at Ameristar or Hollywood casinos in Indiana.

PointsBet does not yet offer deposits via payment processors such as PayPal, Neteller or Skrill.

PointsBet Indiana withdrawal methods

Nearly all the deposit methods should be available for withdrawing winnings, except for PayNearMe.

If you deposit using cash at a PayNearMe outlet, the best option is to withdraw your winnings using an e-check.

PointsBet Sportsbook software

Modern sports betting software makes sports betting an engaging experience.

The PointsBet home screen shows the latest promotions at the top of the screen with a two-tab menu taking center screen.

Modern sports betting software makes sports betting an engaging experience.

The PointsBet home screen shows the latest promotions at the top of the screen with a two-tab menu taking center screen.

The tabs offer a series of “Featured” bets and “In Play” bets.

On the left is the standard three-bar icon that gives access to the main menu. This long menu starts with featured sports and competitions, including booster bets. If you scroll down, it lists all the sports available.

On the bottom of the main menu, you can customize your experience. Opt to display odds as American, fractional or decimal and pick the language you want to use, either English or Spanish.

At the bottom left of the home page, you will see links to pages offering support and information, including a guide to PointsBetting and a help section, which provides a useful FAQ for new customers.

Your bet slip is at the top right of the screen. The slip slides open to show all your outstanding bets, including your stake and how much your bet could win.

Overall, the site is simple to use, although the colors are a little dreary.

Black backgrounds and white text with scarlet highlights are a matter of personal taste. The font sizes are a bit small; you may need to zoom in to see the details of your planned bets.

The PointsBet Indiana loyalty program

PointsBet has a leg up with its rewards program.

New players should pay attention to the “Rewards” page because, over time, the benefits will add up to a worthwhile amount of bet credits.

Every dollar you bet on fixed-odds wagers earns you one reward point. Every dollar you win or lose on PointsBetting wagers will bring in one reward point, as well. Furthermore, every dollar you wager on a parlay bet earns five rewards points. All points are credited when the bets settle.

As the points accumulate, you can exchange them for bonus bets.

These bonus bets take several forms. They can be bet credits, where you get a refund if your bet loses, or they can be bonus cash.

Bonus cash is earned by betting the same amount as the bonus value. For example, if you have a $100 bonus, you must wager $100 to release it into your account.

PointsBet Racebook coming soon

Horse racing fans will be interested to learn that PointsBet has purchased Premier Turf Club, LLC. The company, which owned and operated the betting site BetPTC.com, will allow PointsBet to expand its operations to the horse racing scene by taking advantage of the operator's over ten years of horse betting experience.

The soon-to-be rebranded PointsBet Racebook will go live in multiple states, following the original's website presence in eighteen locations. Players will also likely enjoy similar promotions, such as a $200 registration bonus that requires them to bet a minimum of $750.

PointsBet Racebook's promotional offers are expected to reward players with a cashback of 4% for exotic bets. Once the website is available for players, we'll add further details about its offering and promos.

Support for PointBet Indiana customers

PointsBet offers several ways to communicate if you have a question or a problem.

You can use live chat, send an email or visit the “Help” page. In New Jersey, PointsBet hosts telephone support from 8 a.m. until midnight.

For those new to sports betting, PointsBet provides a learning tool called the “Revis Betting Academy.” The academy teaches how various bets work and what the odds mean, as well as providing some basic sports betting strategy. If you are a sports fan getting into sports betting for the first time, the PointsBet betting academy is a great place to start.

However, if you worry about betting too much, PointsBet offers what it calls a “pre-commitment limit.” In the “Responsible Gaming” section of the website, which is accessible from the bottom left of the home page, you can set daily, weekly and monthly maximum deposit amounts. You can also send PointsBet an email, although it takes 48 hours to process.

If you subsequently want to raise your deposit limits, you have to wait seven days for the new restrictions to go in effect. This type of responsible gaming service is an essential reason for sticking to legal sports betting sites.

PointsBet Indiana offers a pure sports betting experience

If you are new to sports betting, PointsBet provides simple-to-use software. It houses a wide range of sports and an excellent rewards scheme.

The second chance welcome bonus worth up to $250, is competitive among sportsbooks. Also, there are regular monthly promotions that offer ongoing value.

PointsBet's focus on parlays makes these multi-bets easy for new bettors to grasp. Its exclusive PointsBetting feature makes for an exciting addition to the range of bets available. Also, in-play betting allows bettors to wager after a game has started.

PointsBet is an Australian sports betting specialist that is expanding rapidly in the US.

In New Jersey, PointsBet began its partnership with Meadowlands Racetrack in January 2019. Since then, it has opened at Catfish Bend Casino in Iowa. We will soon see PointsBet in Illinois and Colorado. However, PointsBet's most significant venture is with Penn National, which owns two casinos in Indiana:

• Ameristar Casino East Chicago
• Hollywood Casino Lawrenceburg

This deal gives PointsBet access to West Virginia, Missouri, Ohio, and Louisiana. PointsBet may not yet be a big brand in the US, but it is gaining momentum.