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The Verdict Is In (and It’s Not Sportsbet) – Best…
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This PointsBet review covers the app, markets, banking and sign-up on a bookmaker licensed in Australia. PointsBet stands out for its spread betting, where your payout scales with how accurate you are, which draws confident punters.
In this Pointsbet review we will be looking at all facets of the app and desktop versions including unique features, promotions, spread betting, banking, and the sign-up process.
PointsBet is licensed in the Northern Territory by the Racing Commission and runs its Australian operation out of offices based in Melbourne. The group is now owned by Japanese company MIXI Inc, which completed its takeover of PointsBet in 2025; it is no longer listed on the ASX but remains a fully licensed Australian bookmaker.
TLDR Verdict: PointsBet is licensed in Australia and best known for its spread betting options. The app is intuitive, offers solid promotions for existing users, and has competitive odds across AFL, NRL, and racing. The main downside is the lack of live streaming. It is an ideal choice if you enjoy niche markets, but perhaps not if you require live video.
| Pros | Cons |
|---|---|
| Australian licensed (NT Racing Commission). | No live streaming. |
| Spread betting markets available. | Spread betting implies higher variance/risk. |
| Good range of existing customer promotions. | Credit Cards not accepted. |
| Quick and easy to use app. | Live betting restricted to phone call only. |
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First Impressions: Clean, straightforward, and designed with the average Aussie in mind. You’ll spot the usual black and grey design with white text, making it easy to focus on the markets. Even if you’re new to betting, the layout is simple enough to find your way around fast.
Both app and desktop versions are smooth sailing. Signing up is simple. Once you’re verified (via GreenID), you’re free to play. Bet placement is super quick, even with more complex bets.
What we like:
The sign-up process takes just a few minutes on either desktop or app. PointsBet uses GreenID to verify your account automatically by cross-checking details with government records like Medicare or your driver’s licence. This is a mandatory step for all Australian wagering accounts to prevent money laundering.
Tip: Complete verification immediately upon sign-up to ensure smooth withdrawals later.
PointsBet offers standard banking options. Note: Credit Cards are strictly banned for online wagering in Australia.
Minimum deposit: $10.00
Withdrawals are straightforward provided your account is verified. You must turnover your deposit at least once before withdrawing (Anti-Money Laundering requirement).
Minimum withdrawal: $10.00
Important: Under Australian legislation, sign-up bonuses, opening deposit matches, and “free bets” for new customers are banned. The code KRUZEY is a referral code only and gives new accounts no special offers.
However, once you are a registered and logged-in member, you can access the “Promotions” tab to view offers available to existing customers.
Sports Markets: Covers AFL, NRL, NBA, NFL, plus niche sports like table tennis and darts.
Racing Markets: Includes Win/Place, Trifecta, Exacta, and Quaddie. Top Fluc and Best Tote options are available.
PointsBet offers support via live chat, email, and phone.
PointsBet is one of the better betting platforms out there for Aussie punters. The app is quick, the odds are competitive, and spread betting is a genuine point of difference. The lack of live video streaming is the only major gap.
In short, PointsBet is worth checking out for its reliability and market depth.
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