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PointsBet Promo for the Olympics – Bet $10, Win $125 if Team USA Wins a Gold Medal

Sascha Paruk

by Sascha Paruk in News

Jul 23, 2021 · 11:50 AM PDT

Diana Taurasi laughing at a Team USA practice
Diana Taurasi jokes with teammates during the U.S. women's national basketball team practice, Tuesday, May 10, 2011, in Las Vegas. (AP Photo/Julie Jacobson)
  • The PointsBet sportsbook has an Olympic promo for new customers
  • A $10 bet on any Olympic sport will turn into $125 as soon as Team USA wins its first gold medal in Tokyo
  • See the full terms and conditions below

If the US can keep up its 122-year streak of winning at least one gold medal in every Olympics (in which it’s participated), then new customers at Points Bet will find themselves $125 richer.

The sportsbook has an Olympic promotional offer open to first-time depositors. Simply place a $10 (or more) wager on any Olympic sport, and you will be rewarded with a $125 bonus as soon as Team USA wins its first gold medal in Tokyo.

PointsBet Olympics Promo Terms and Conditions

The offer is subject to the following stipulations:

  • The offer is only open to first-time depositors.
  • The offer is only open to residents of Colorado, Iowa, Illinois, Indiana, Michigan, and New Jersey.
  • The bonus will be given out as $125 in free bets, not as cash.
    • Wagers made with free bets do not return the original stake (i.e. if a customer uses a $125 free bet to wager on Team USA women’s basketball to win gold at -1100, the return would only be $11.36.
  • The bonus will be awarded within 12 to 24 hours of the US winning its first gold medal in Tokyo.
  • Team USA does not need to win gold in the event wagered on; the gold medal can come in any event during the Tokyo Olympics.
  • The original $10 wager does not need to win in order to receive the $125 bonus.

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Best Bets to Win Gold (First) for Team USA

The biggest gold-medal favorites – like women’s basketball and softball, men’s basketball, and the US 4×100 relay team – won’t get a chance to win gold until later in the games.

But it’s possible this bet will cash much earlier.

Mary Carolynn Tucker has a chance at gold in the first event to finish, women’s 10m air rifle, which goes on Saturday, July 24. The odds at PointBet have her as a -170 favorite to win a medal. They don’t currently have gold-medal futures posted. She doesn’t appear to be the outright favorite as India’s Elavenil Valrivan is a -500 favorite to finish among the top three.

Brandon McNulty and Lawson Craddock will suit up for Team USA in the men’s cycling road race later on Saturday, but they are +9000 and +15000 longshots, respectively, so don’t get your hopes up there.

Courtney Hurley is a +5000 bet in women’s individual epee, also on Saturday. If none of those cash, pay attention to men’s individual sabre on Saturday night. American Eli Dershwitz is the third-favorite to win gold at +800. Not a great chance, by any means, but a real chance.

And if all those fail, just sit back and wait for Breanna Stewart and company to run roughshod through the women’s basketball tournament, right through to the gold-medal game on August 7.

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