The welcome offer for new PointsBet customers is different but simple to understand. Similar to risk-free bets you see on other sportsbook sites, this deal gives you a second chance if your bet loses. The best part is that you can do this five times over.

Whether you call it insuring your wager, a risk-free bet or second chance, the offer is awesome value and provides a great platform for landing successful bets with a safety net if they lose. Be sure to enter the PointsBet sportsbook promo code when you and you're good to go.

From your , place a fixed odds bet of $0.50 or more each day for five straight days and if any of your bets lose, PointsBet will give you up to $100 back each time. It's good to know that there are no minimum odds, no opt-in needed and your first bet activates the promotional period. Meaning the offer is triggered from the day you wager, rather than the day you , and runs for five consecutive days.

We've got more on the finer details in our FAQ below, but it's important to that and conditions of sportsbook bonuses can be updated or changed without notice, so always check the latest rules before you claim.

Once you understand the rules of the PointsBet bonus, it's straightforward to activate and use. However, expert tips will allow you to maximize the offer and enhance your betting experience.

Our experts have taken the most common questions surrounding this bonus and have provided clear answers to help you understand the promotion in detail.

What restrictions are there with the offer? 6j1l47

The maximum number of free bets you can claim is 5 and each bet covers a maximum of $100 each up to a maximum total of $500. If you don't wager on a given day within your five consecutive days, then you will not receive a bonus for that particular day. You cannot use the cash out feature during an active bet and free bets are non-refundable.

Am I eligible for the welcome bonus? 4t1a1g

To be eligible for the welcome bonus, you must be a new PointsBet customer ing for the first time, be aged 21 or over and reside in one of the following states: CO, IA, IL, IN, KS, MI, NJ, PA, VA, WV.

Are there any wagering requirements or exclusions? 3j2n33

There are no specified wagering requirements with this bonus. However, cash out bets, voided bets and wagers placed with a bet booster do not count.

Do free bets have an expiry time? 14i66

You must use your free bet within 7 days of it being issued and credited to your . Failure to do so will result in the bonus funds being forfeited and removed from your balance.

Can I withdraw free bet credit? 501c1d

Free bet credit cannot be withdrawn and free bet stakes are not included in winnings. However, you can withdraw winnings from successful qualifying bets. For example, if the total amount won is $100 including a free bet stake of $20, then the amount you receive will be $80.

In this guide, we have covered the main bonus that is available on PointsBet. But did you know that there are also a plethora of other promos and rewards available? As you may have seen from our PointsBet review, the sportsbook operator is huge on rewarding both new and existing customers, so we've outlined a few of the best perks below.

• PointsBet Rewards: You can earn reward points on every bet you place, which can be redeemed for free bets.
• Partial Cash Out: Edge your bets with active bets and partially cash out to collect some of your winnings and let the rest ride.
• Platinum Club: Level up your betting when you reach the top 5% of customers at PointsBet and receive an invite to a hip offering personalized benefits.
• Diamond Club: Gives you a premier betting experience by invitation only and access to personalized promos, event tickets, meet and greet opportunities with PointsBet ambassadors and 24/7 customer service.
• Good Karma Payout: Feeling unlucky or hard done by events that have unfolded after placing a bet? Get your wagers refunded as free bets by the Karma Kommittee.