Our PointsBet Maryland Sportsbook Review covers how to sign up, markets, promos and the PointsBet Maryland promo code that you can use today.
While sports betting has been available at retail casinos in Maryland since December 2021, it took some time for mobile sports betting to get up and running.
Maryland voters OK’d mobile sports betting on November 3, 2020. After more than two years and another May 2021 provision to allow up to 60 mobile operators, it officially launched at 9:00 am on Wednesday, November 23.
One of the mobile sportsbooks is PointsBet. Here, we’ll tell you everything you need to know about PointsBet. Including the brand’s background, welcome offer, how to bet, unique features, rewards program, and more.
Sportsbook Overview: The PointsBet Story
It doesn’t take long to notice that PointsBet Sportsbook is unique compared to other outlets.
PointsBet is a company that originated in Australia in 2015 when it was founded. Then, it officially launched in Australia in February 2017. By March 2018, it offered horse racing and fixed odds sports betting.
After the Professional and Amateur Sports Protection Act was overturned in May 2018, many states and sportsbooks quickly lept into action. However, with PointsBet coming from Australia, it took a bit more time than a US-based platform. Especially compared to sites like FanDuel and DraftKings, which were already established due to their hugely popular Daily Fantasy Sports offerings.
Still, PointsBet launched in New Jersey in January 2019 and secured its first five-year media partnership with NBC Universal in August 2020. Today. PointsBet is available in 12 states.
Who Owns PointsBet?
Since PointsBet launched and came to the United States, some ownership developments have occurred.
The technical owner of PointsBet is PointsBet Holdings Limited. However, it was founded by Sam Swanell, Nick Fahey, and Andrew Fahey. The headquarters are in Cremorne, Australia.
In June 2022, PointsBet received a $65 million investment from SIG Sports Investments Corp and acquired a 12.8% stake in the company. Also, with their NBC Sports deal in August 2020, they received a 4.9% ownership stake.
What is the PointsBet Maryland Welcome Offer?
This is probably the most valuable section of information in our PointsBet Maryland Sportsbook Review. If you are a prospective new customer, that is.
At PointsBet Sportsbook MD, new players will receive a total of $2,000 in risk-free bets. Instead of receiving it all at once, you’ll receive them in two parts.
Firstly, you will get your stake back up to $500 if you place a standard sports wager and it loses. Then, you will receive your stake back up to $1,500 on your first PointsBetting wager if that loses too. For more on PointsBetting, click here.
|Online Sportsbook||PointsBet Sportsbook Maryland|
|Welcome Offer||$2,000 in Risk-Free Bets|
|How To Claim||Register, Deposit & Bet – GET STARTED HERE|
Is there a PointsBet MD Promo Code Needed?
Yes, a promo code is required for this PointsBet welcome bonus worth up to $2,000. The PointsBet Maryland promo code for this is WEDGET1, which should be entered during registration for your new account.
However, entering the code WEDGET1 manually is not essential. Just click here to automatically apply it to your online registration.
How to Sign Up to PointsBet Sportsbook in Maryland
Here are the simple steps that you need to take to sign up to PointsBet MD:
- Go to the PointsBet Sportsbook website or download the mobile app (click here).
- Click “Sign Up” in the upper right-hand corner of the page.
- Provide information including the welcome bonus code, name, email, date of birth, last four digits of your social security number, address, and password, and agree to the terms of service.
- After you complete this process and geolocation confirms you reside in Maryland, it’s time to deposit.
How to Bet at PointsBet Sportsbook
After you’ve created your new account, it’s time to make a deposit.
Once the registration process is complete, head back to the homepage. You’ll see a link to the deposit page in the upper right-hand corner. Find which method works best for you and complete the process.
Now, it’s time to bet.
After completing the deposit, go back to the homepage and navigate the available sports and bet types. Click on which option you want to bet and open up the betslip. On the betslip, you can complete a single bet or build parlays.
When you’ve decided what to bet, input the amount you want to wager, confirm it, and wait for the results.
PointsBet’s Unique Features
With a unique origin story also comes PointsBet’s special features. Next up in our PointsBet Maryland Sportsbook Review, we’ll explore what sets them apart from the rest.
PointsBetting is the headline key feature at PointsBet Sportsbook. But what is PointsBetting?
This is a unique bet type that offers plenty of upsides but also comes with plenty of risks. It’s an exciting way to bet on sports, but it may not be for everyone. To describe it, let’s use an example.
PointsBetting using an NBA game with a total set at 200. You’ve decided to bet $10 on the over. The game’s final score is 109-103, resulting in a total of 212.
In this example, you’ve wagered and were right – the total went over. However, instead of getting -110 odds and winning a few dollars, with PointsBetting, you win your wager, but it’s multiplied by how correct you were.
Since this total went over by 12 points, you’ll receive $120. Conversely, if the final score were 100-90, you’d lose $100. It definitely adds an extra element of risk to sports betting. However, if it works in your favor, the rewards can be monumental.
Request Your Bet
If you’re browsing PointsBet and cannot find a betting solution, you can contact PointsBet and see if they’ll accept your wager.
To access this, click “Name A Bet” on the left-hand side of the page. This opens up a page where you can click on “Request Your Bet”. Here, you’ll provide your email, the sport, and the wager you want to make. From there, you wait for PointsBet to give the OK or deny your proposal.
This is an extremely popular feature in Europe and has now transcended onto the US sports betting scene.
Booster Odds can also be found on the left-hand side of the page near “Name A Bet”. With Booster Odds, you’ll find a collection of betting opportunities that PointsBet has boosted, odds-wise, to make them more appealing to wager on and increase your payout if successful.
This is something to monitor daily as there are new sporting events all of the time.
Partial Cash Out
If your wager is losing, PointsBet allows you to cash out partially. At other sites, you either need to cash everything out or nothing at all.
So, if you make a $20 bet, perhaps you want to cash out $10 of that $20 and let the $10 go to the end in case something changes in the game you’ve bet on. This allows a level of flexibility that should be welcomed by players.
What Wagers Can You Place at PointsBet Maryland?
The headline feature at PointsBet is the PointsBettnig bet type, but there are many other ways to make bets.
A moneyline bet is the most simplistic wager to make. You pick who wins the game, no strings attached.
The points spread is a numeric value that illustrates the disparity between two teams. When you look at the point spread, you’ll see the same number, but they’re notated by a “-” or “+.”
The “-” indicates the favored team, and the “+” is the underdog.
So, if you see a team that is -2.5 points, they must win outright by three or more. If a team is +2.5, they must win outright or lose by no less than two points.
Betting on Totals (Over or Under?)
When you bet on the total, you’re wagering on the combined number of points scored in a game. This, like point spreads, will have a static number where you’ll either decide to bet “over” or “under” with similar odds in both directions.
Given the name, you’ll be wagering about things happening down the line. Futures are a profitable bet type, but it takes time for them to settle.
Examples of this include betting on the Super Bowl winner during the NFL’s preseason or the baseball season’s MVP in April.
Prop bets are micro-events that happen within a sporting event. This can either be a game, team, or single-player props.
Single-player props are arguably the most popular type. These include quarterback passing yards, total goals scored by a player in hockey, hits by a player in baseball, or rebounds by a player in basketball.
This has a fantasy sports-like feel in terms of projecting individual performance. Want to bet solely on Lamar Jackson every week? We’re not stopping you!
PointsBet Maryland Promotions for Existing Users
Outside of the sign-up offer, there are other PointsBet promotions for existing users available via the site and app. In fact, PointsBet is one of the best apps for existing customer promotions. just navigate to the ‘Promos’ tab to find an updated list!
There is also a rewards program – PointsBet Rewards. For every 250 points, you can redeem this for $2.50. Here’s how you get points:
- Fixed odds wagers: 1 point per $5 wagered
- Parlays: 1 point per $1 wagered
- PointsBetting: 1 point per $1 wagered
PointsBet Sportsbook Maryland Review FAQ
Is PointsBet Sportsbook legal in Maryland?
Can you sports bet in Maryland?
Can I use my PointsBet Sportsbook MD in other states?
Here are the 11 other states PointsBet is available at: Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, New Jersey, New York, Pennsylvania, Virginia, West Virginia.