Melbourne Cup Betting Sites
The Verdict Is In (and It’s Not Sportsbet) – Best…
PointsBet Code
You win some. You lose more. For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
Are you searching for a PointsBet code? You aren’t alone. But here is the reality of the Australian market in 2026:
PointsBet cannot offer sign-up bonuses or deposit matches to new customers. Australian regulations strictly ban these inducements.
However, you don’t join PointsBet for a cheap bonus. You join PointsBet because you want to step up from simple fixed odds betting to genuine sports trading. PointsBet is the only bookie in Australia that offers Spread Betting alongside fixed odds, which makes it a strong fit for the analytical punter.
âš¡ The “Real Talk” Verdict
PointsBet is not for the casual punter who just wants to bet on a horse because it has a funny name. This is a serious platform for serious bettors. With Spread Betting (where you win more the more you are right), fast apps, and deep US sports markets, it suits punters who want to trade sports like a stock market.
What makes PointsBet different? (Spread Betting)
Every other bookie in Australia offers “Fixed Odds” (you bet $10 to win $20). PointsBet offers that too, but their secret weapon is Spread Betting.
How Spread Betting Works: In Spread Betting, your payout isn’t fixed. The more you are right, the more you win. (But conversely, the more you are wrong, the more you lose).
Example: You bet $10 per point on the Swans to beat the Pies by more than 20 points.
- If the Swans win by 30 points (10 points over the spread), you win $100 ($10 x 10).
- If the Swans win by 50 points, you win $300 ($10 x 30).
- But be careful: If the Swans lose, you lose $10 for every point they miss by.
This high risk, high reward style is unique to PointsBet in Australia.
PointsBet Review: Pros & Cons
| The Wins | The Losses |
|---|---|
| Spread Betting: The only place in Oz to bet this way. | High Risk: Spread betting requires careful bankroll management. |
| US Sports: Incredible depth on NBA and NFL markets. | Streaming: Lacks live video for major sports leagues. |
| Speed: One of the fastest apps on the market. | Promotions: Must be logged in to view specials. |
The App & User Experience
PointsBet looks different. The sleek Black, Red, and White interface is darker and sharper than the competition. It was built for speed.
- Quick Multis: Build a multi across NBA and EPL in seconds.
- Name A Bet: Can’t find a market? Request it via the app and their traders will price it up for you.
- Same Game Multi: Combine disposals, goals, and margins into one massive bet.
Banking & Security
PointsBet is fully compliant with Australian laws. Note: Credit Cards are banned for online wagering.
- Visa (Debit Only)
- Mastercard (Debit Only)
- POLi
- Bank Transfer (Allow 1-2 days for withdrawals)
Sign Up Process
Signing up is faster than making a coffee. PointsBet uses GreenID to verify you automatically in the background.
- Click Here: Go to PointsBet.com.au - Offer pointsbet.
- Register: Enter your basic details. The referral code is KRUZEY; it is optional and gives new accounts no special offer, since none are allowed under Australian law.
- Deposit: Add funds via Debit Card.
- Trade: Start exploring Fixed Odds or Spread markets.
PointsBet FAQs
Is PointsBet Legal?
100%. PointsBet holds an Australian wagering licence through the Northern Territory Racing Commission and runs its local operation out of Melbourne. Founded in Australia in 2017, it is now owned by Japanese company MIXI Inc, which completed its takeover in 2025. It remains a fully licensed, regulated Australian bookmaker, and as legit as they come.
Do they have a Sign-Up Bonus?
No. Under Australian law, no bookmaker can offer incentives to open an account. Any site promising you a “Deposit Match” is likely outdated or a scam.
Can I lose more than I bet?
On Fixed Odds: No. You only lose your stake.
On Spread Betting: Yes. You can lose more than your initial stake if the result goes drastically against you. PointsBet has “Stop Loss” limits to help manage this risk.
