PointsBet Racebook – App Review & Welcome Bonus

Updated February 2023
Coming Soon!

Disclaimer: PointsBet Racebook is not live as of yet. This review is speculative based on what is known about the upcoming product. This page will be updated when PointsBet Racebook launches in the US.

Already a major player in the online casino and sportsbook market, PointsBet will offer a racebook in the near future, as well. After acquiring Premier Turf Club’s racebook in 2021, PointsBet has added its name and introduced a revamped product. The interface will still feel similar to bettors who are used to the old PTC layout, but with some added features.

BetPTC is a pari-mutuel online betting company, which means that all of the winning bets on a given outcome will split the prize pool.

On this page, we take a look at the full breadth of what PointsBet Racebook has to offer. We will go over the software as well as a breakdown of the deposit and withdrawal options, and a discussion of the various customer support methods available to bettors. And of course, we will also cover what you can expect for a bonus when you create an account.

PointsBet Racebook sign-up bonus and promo code 

As a new customer, you have the potential to claim up to $200, which you can use to bet on any of the dozens of daily races at PointsBet. To get the two hundred bucks, you need to bet a total of $750 within the first 45 days of having your account.

Before you can withdraw the bonus funds, however, you will need to wager them at least once. If BetPTC is your main racebook, though, that shouldn’t pose much of a problem. There’s no PointsBet Racebook promo code necessary to claim this bonus.

Online RacebookPointsBet Racebook
PointsBet Promo CodeNone needed
Welcome BonusUp to $200
Last UpdatedFebruary 2023

PointsBet Racebook rewards program

While PointsBet doesn’t have a conventional “leveling up” rewards program, it does offer a cash-back perk.

If you place an exotic bet — for example, a daily double or a superfecta wager — you qualify to get at least 4% of your bet back. So, for instance, wagering $50 on an exacta bet will net you at least two dollars back in your wallet, win or lose.

Just remember that you will only be eligible to receive cash back on exotic wagers. A simple win bet on an individual race would not count. PointsBet is not offering any other form of rewards program at the moment.

Promotions and contests at PointsBet Racebook

BetPTC offers regular weekly promos at minimum, with a huge annual contest that happens every year.

This contest is called Cash is King. Every year, bettors compete for a prize pool of $20,000. To qualify, you need to wager a minimum of $75 each Saturday during the eight-week period that the contest runs. Bettors compete to have the largest profit compared to money risked.

There also are additional promotions specific to particular events and races. For instance, PointsBet may offer a higher cash-back rate for races that happen at certain tracks. Or you might get a partial refund on wagers you place on headline events such as the Preakness. To stay on top of the latest promos, check out the promotions section of the PointsBet horse racing website.

PointsBet horse betting software overview

While the racebook product is functional, and veteran horse bettors will not have any issue traversing the website and placing their bets, PointsBet could use a bit of a graphical update. The pages feel outdated when compared with the modern, glitzy look from some of the competition.

The main page that you’ll see first is fairly bare-bones, with an all-business attitude. This does help lend credibility to PointsBet as a legitimate racebook, but it certainly is not very attractive. If you can get over the bland design, though, your experience will likely improve. You can access the betting slip in seconds, and PointsBet also suggests wagers right on the homepage. You can also access a list of the most popular races of the day. And you can sort horse betting options by prize amount, type of race, time that the races begin, etc.

Your bet card is streamlined and simple to read at a glance, clearly displaying your wager details. For the most part, we were content with the simple-to-use interface that the website offers. One enhancement that would improve the experience is upgrading to a more modern UI. In addition, a smartphone app is critically necessary. Right now, you have to do all your betting via the website, which can sometimes be inconvenient.

PointsBet live streaming

One of the other things we like about PointsBet’s horse racing betting site is the excellent live streaming that it offers. The best part is that live streams of races are available to every account holder free of charge. The video stream is high resolution and runs smoothly on the PointsBet website.

After you open the live stream window on the site, several viewing options will appear on the screen. Switching between races is easy, as well. Following along on your bet card is simple when you view the live stream in the “mini player” view option. But if you want the largest view, choose full screen mode to watch the hi-res video feed in all of its glory.

Even if you did not wager anything on a race, you have the option to watch it if you like. This can be helpful for researching racing bets you might make in the future. In fact, we found ourselves going back to the racebook site just to watch races.

PointsBet Racebook app

PointsBet doesn’t offer a racebook app at the moment. Betting on the racebook website is mobile-friendly, though, which is a nice silver lining, so you can still bet via phone. Many of PointsBet’s competitors already offer apps, however, so if you’re specifically looking for a racebook app, at the moment you’ll need to look elsewhere.

Races you can bet on at PointsBet Racebook

PointsBet has bets on a full range of races from venues around the world. It offers action on thoroughbreds, harness races, and more. If you are into race betting, there will likely be something of interest.

One perk is that it offers action on races in diverse time zones like the United Kingdom or Australia — you are not restricted to only wagering on American races. This means that action is always on the table, no matter the time of day.   

Since PointsBet is based out of Australia, Aussie races are its specialty. The featured tracks at PointsBet are as follows, among others:

  • Assiniboia Downs      
  • Mountaineer Park
  • NZ Cambridge
  • Yonkers Raceway      
  • Running Aces Harness
  • Woodbine Mohawk Park      
  • Caliente Eve   
  • Hoosier Park Harness

Bets you can place at PointsBet

PointsBet offers all the usual wagers you would expect from a reputable racebook — you can choose to play it relatively safe with a win bet or go for big money with the dangerous Pick 6 for example. Below is a list of the typical wagers that you’ll see at most racebooks:

Straight wagers:

  • Win: Bet on a horse to win the race.
  • Place: Bet on a horse, and win if it finishes first or second.
  • Show: You win if your horse finishes first, second or third.

Exotic wagers:

  • Exacta: Choose the exact first- and second-place horses in a race.
  • Quinella: Bet on two horses to finish first and second, but you don’t have to get the order correct.
  • Trifecta: Pick three horses to finish first, second and third. Must get the order correct.
  • Superfecta: Pick four horses to finish in the top four spots. Must get the order correct.

PointsBet lets bettors enhance or protect their bets with options such as key, wheel or box bets. It does come with an additional cost, but hedging your wagers is often a smart move. If you are not positive that you will pick the results in the exact order for a trifecta bet, for example, you could place a box bet to cover all the possible options among three horses.

  • Daily double: Choose the winners of two races in a row, usually the initial two races on that particular afternoon.
  • Pick 3, 4, 5, 6: Try to pick the winner of as many as six races in a row for the potential to receive a huge payout. Frequently, the Pick 6 pool will not see a winner on a given day, so the prize pool rolls over to the following day.

Other betting options at PointsBet

BetPTC is the racebook that PointsBet recently acquired. Because it went out to get an already-established product, PointsBet was able to get its racebook up and running quickly. This was the latest addition to a portfolio that already boasts an online sportsbook and an online casino.

Right now, there are not any shared rewards or even a shared wallet that you can use to bet at all three products. Currently, you need to make separate deposits into each of the products.

How to deposit and withdraw at PointsBet

PointsBet supports a decent number of deposit and withdrawal options. However, one option that is conspicuously absent is PayPal. Still, you should not run into much trouble adding funds to your wallet through one of the other methods that PointsBet offers:

  • BetPTC Cash — This ACH transfer allows you to move money from your verified bank account into your PointsBet wallet. The minimum deposit is $25, with a max of $500.
  • E-wallets — There is just one e-wallet that you can use, and that is Dwolla. If you have not heard of it, you are not alone. You can deposit up to $5,000 using this option, but the transfer may be slightly delayed.
  • Credit/debit card — Call customer support to add money to your PointsBet account using a Mastercard or Visa. Just know that you may have to pay a 3.75% fee that the card companies impose.
  • Wire transfer — Use a wire transfer by communicating with customer support via email. The minimum deposit amount is slightly high, at $200.
  • Check in the mail — PointsBet accepts this option, but it is among the slowest ways to add funds to your wallet.
  • PayNearMe — Go to a retail location like CVS or 7-Eleven to use PayNearMe. There is a $4 service charge, but at least the money arrives in your account right away.

Here is how you can withdraw funds from your PointsBet account:

  • ACH transfer — This moves the money directly to your linked bank account. The most you can withdraw each time is $500.
  • Check by mail — You will have to phone the customer support line at PointsBet, but an agent there will be able to mail your funds to you via check. The turnaround time is about five days.

As you can see, the deposit and withdrawal options are lacking, with a few glaring omissions on both ends. On the bright side, we were very impressed with the security that PointsBet offered during the financial transactions. There is no financial data from its players stored, so you will not have to worry about a hack or a security breach exposing your sensitive information.

Who can legally bet at PointsBet?

You must be at least 18 years old (21 if you are playing in Indiana) and in a state where PointsBet Racebook legally operates to be able to bet there. Here are the states where you can bet at PointsBet at the moment:

  • Alabama
  • Arkansas
  • Colorado
  • Delaware
  • Florida
  • Indiana
  • Kansas
  • Louisiana
  • Maine
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Dakota
  • Tennessee
  • Vermont
  • Wisconsin
  • Wyoming

Reasons to choose PointsBet Racebook

After test-driving the PointsBet Racebook, we would definitely recommend you give it a shot if you are looking for an online spot to bet on races. Even though its website could use a facelift and there is not currently a PointsBet horse betting app, we still found lots to like while using the software.

The main draw is the live streaming. It makes betting on races even more entertaining when your racebook can be a one-stop shop for wagering and tracking your bets. There is usually some type of action running on the racebook, regardless of what time you are logging on.

Another benefit to using the site is the 4% cash back on exotic bets. This feature is absolutely a huge draw and something you likely won’t find at too many other books. Finally, PointsBet is a trusted and reliable betting provider. You can trust it with your betting money and feel safe that you will get your withdrawals back quickly.