Sportsbook competition doesn't only happen on the field. Like with online casinos in New Jersey, sportsbooks also offer bonuses in order to attract new players and beat out the competition.
There are a variety of welcome packages on offer. These usually consist of no deposit bonus offers, free bets, deposit bonuses, odds boosts, and refunds. Some are offered before depositing money to a sportsbook and some come later after placing bets.
No Deposit Bonuses
Usually, sportsbooks will offer new users a no deposit bonus before depositing money into their accounts. This is a way of attracting new players to their sites and gaining trust.
A no deposit bonus gives you free money to place sports bets and try out the site. All that is required is that you register and enter any respective promo code, and the bonus money appears in your player account!
Nine times out of ten, these bonuses come with wagering requirements before your winnings can be withdrawn, so never ignore the terms and conditions.
Deposit bonuses are awarded on your first deposit, and sometimes subsequent deposits. Most NJ sports betting sites will match your deposit at 100% but some offer less.
If a sportsbook says they’ll match deposits 100% up to $100 that means if you deposit $100 the sportsbook will give you an additional $100 to play with. However, if you deposit $110 the amount you get is still $100. Likewise, if you deposit $50 you’ll only receive $50.
For example, 888sport offers a 100% match bonus on first deposits up to $500! That means, you could deposit $500 into your player account at 888sport and end up with a total of $1,000!
Again, these come with wagering requirements before withdrawing your winnings, so be sure to read the terms and conditions before depositing.
A common promotion offered by NJ online sportsbooks is free bets! There are several different types including matched, deposit match, and no deposit free bets.
You may receive a free bet when you open an account for the first time. This may have the caveat of only being available for a specific event or you may need to place a bet of a certain value first.
Matched free bets are rewarded to you for placing a wager. Your free bet amount is determined by the amount of your wager.
Deposit match free bets are granted for making a deposit onto the site. Again, your free bet amount is determined by the amount you deposit.
No deposit free bets are granted just for registering a player account - no deposit necessary!
These offers usually come with a newsletter promo code or a special event available to all players.
The other major bonus you need to look for is the odds boost. Every so often a sportsbook may decide to offer an odds boost.
That means they’ll take the usual odds for a team and double or triple them. So you can bet on a hot favorite and get great odds, whereas normally it wouldn’t be worth even placing the bet.
Odds boosts tend to appear whenever a major event is scheduled, but they can come randomly and without warning.
A Word on Gubbing
Gubbing is a term used to describe sportsbooks that limit an account’s ability to place bets and claim bonuses.
This is a form of blacklisting that some sportsbooks levy on players who take advantage of too many bonuses. It’s a method implemented to remove the ability to perform matched betting and thus preserve the profitability of the sportsbooks.
Despite what some say, this is perfectly legal and there’s usually no recourse for a gubbed account.
Ordinary users are often caught up in these scenarios when they only bet with a sportsbook if there’s a bonus available. But some sportsbooks are stricter than others.
The best sports betting sites are those that take a more lenient approach. Gambling exclusively with bonuses is a perfectly valid strategy, and often a lucrative one.
Check out customer reviews to find out whether your sportsbook gubs player accounts at random.
NJ online sports betting is your access point to practically any sport in the world. Not all online sportsbooks will offer the same betting options, though.
Decide on which sports you like to bet on the most. Practically every online sportsbook in New Jersey will have betting options for the four major sports, including football, baseball, basketball, and hockey.
Does the sportsbook in question cater to your sport? And, crucially, are your favored betting types available through your chosen sportsbooks? This is where you’ll find a great amount of variation among sports betting sites.
Just because you choose a sportsbook that offers bets on your favorite sport doesn’t mean it offers your desired betting options.
Practically every sportsbook will offer the betting types most beginners play, such as the point spread bet and the moneyline, or win, bet. These are more traditional types of bets.
A moneyline, is a bet on a specific team to win. While other bets involve the winning team and the margin in which they won, a money line is simply a bet on who wins. Games will offer moneylines while events typically offer totals.
Point spreads or spread betting refers to different types of betting on the outcome of an event, in which the accuracy of the bet affects the payoff. These apply to games like football and basketball. Run or puck lines apply to baseball and hockey.
Perhaps you like to place parlay bets, where you bet on multiple games and the winnings accumulate over multiple events? Parlays are offered on the point spread and moneyline events and involve two or more teams winning. It is difficult to win a parlay however they offer larger payouts than if one were to bet on a single team to win. In order to create your parlay, you must choose the games that you wish to parlay to your list. Sports betting apps have different features for setting up parlays. It is important to note that parlay cards come with their own rules, therefore, it is important to read the rules before placing your bets.
A round-robin bet is a bet with multiple parlays at once.
If you want to play with a more advanced betting strategy, you need to be aware not every sportsbook offers the more exotic bets. An exotic bet is considered to be anything other than a moneyline or point spread bet.
The parlay bet, as described above, is a common wager for more advanced bettors. There’s also the teaser bet, which works in the same way as a parlay except you can alter the point spread to increase your chances of winning. Teasers are available with football and basketball games, giving points on each spread in that teaser. Sides and totals can be teased.
More exotic bets may even involve betting on the result of the coin toss or even how many interceptions a specific quarterback may throw. Proposition bets are based on the occurrence or non-occurrence of something during a game. These do not necessarily affect the outcome of the match, at least not directly. Prop bets could include who will score first or last, alternative points spreads, totals on certain performances by players or by teams, and many others.
Future bets are made on games or events taking place in the future, such as who will come in first place for a season. Oddsmakers choose the odds based on potential outcomes.
InPlay or In-game wagering allows bettors to place bets after the sporting event has already begun. In-game betting is offered on typical wagers such as money line, point spreads, props, and totals.
Another important part of choosing the best sports betting sites is investigating different banking methods.
Only some online sportsbooks will offer PayPal as a banking option, for example. Some of the more modern sportsbooks even have plans to offer cryptocurrency options, such as Bitcoin, as a means of banking.
Common Sportsbook Banking Options
The truth is the majority of NJ online sports betting sites will offer largely the same types of banking options.
However, if you have a specific banking option in mind it’s wise to check them out before you get started.
The majority of players prefer to use their credit or debit card to make a deposit. Transfers made through this method are usually instant. You should inform your bank to ensure your card doesn’t get blocked when making a deposit for the first time.
The most common e-wallets are PayPal, Skrill, and Payoneer. You can use these in lieu of a bank card to deposit funds instantly. Take note that only certain sportsbooks will have PayPal as a payment option.
A wire transfer, otherwise known as a bank transfer, will typically take between three and five business days to be deposited in your account. An ideal option if you don’t have a credit/debit card or e-wallet.
Only some sportsbooks in New Jersey continue to offer checks as an option for making a deposit. These can take anywhere from seven to ten business days to be processed and the money deposited into your account.
A small number of sportsbooks have looked into the possibility of offering cryptocurrency as a deposit option. If you have currency like Bitcoin you may want to consider making a deposit via this option.
Live betting is an innovation that has only come into being in the last few years. Live betting allows you to place bets on a game as the game is going on.
So you can bet on things like how many touchdowns there will be in the third quarter, how many fouls there will be, and even how many injuries there are going to be. There’s no aspect of a match you can’t bet on with live betting.
Odds update as the game plays out. Whenever something happens, such as a goal, betting may be suspended for 30 seconds to a minute while the sportsbook changes the odds to reflect what happened.
Live betting isn’t available everywhere, but the best sports betting sites will offer it.
Take note, you need a decent Internet connection to use live betting reliably and get the best odds at any given time.
Another aspect you may want to consider when choosing an online sportsbook in New Jersey is the mobile betting experience.
Contrary to popular belief, a sportsbook with a great desktop experience doesn’t necessarily provide the same great service on their mobile devices.
App-based betting is a relatively new innovation, and some sportsbooks are still lagging behind.
If you intend on betting via mobile, load up their app and check it out. Is the app responsive and do you have any problems placing your bets? You may even want to open an account and place a few small bets to see how it functions.
Take note, mobile betting apps may not come with the same features and functionality of the desktop sportsbook.
Sometimes things can go wrong and you may need to contact a customer service rep. This is often a point many bettors don’t take into account until something goes wrong.
What customer service options does a sports betting site offer?
The best online sportsbooks will always have a customer service option that’s 24/7. The most popular option is the live chat.
All you have to do is open a window on the site and type your message. Someone should get back to you within a couple of minutes. This is completely free and you don’t need to pick up the phone to make a call.
Furthermore, it’s wise to ask questions before you open an account. That way you can figure out whether their customer service department is actually effective.
How Effective are Their Verification Procedures?
The majority of bettors will never need to contact a customer service rep. The only time most players come into contact with a sportsbook rep is when they need to go through the verification procedure.
Most online sportsbooks in New Jersey will carry out their verification procedures when you attempt to make a withdrawal for the first time.
How quick are they and how demanding are their requirements?
You’ll always need to provide a form of photo identification and proof of address. These should be a high enough quality for the information to be clearly visible.
However, what this means depends on the sportsbook. Some use clunky verification procedures where unless you took the picture with a high-definition camera you’ll never pass the checks.
Some sportsbooks also take an unnecessarily long period of time to verify the identities of new players. You should never have to wait longer than 72 hours for your first withdrawal to be processed.
The best way to find out about an NJ online sports betting site is to look up some customer reviews. See what other bettors have to say about it.
Juice, or vig, is the commission charged by sportsbooks for processing the bet. You’ll find juice most commonly on point spreads.
The most common point spread betting odds is -110. This means you need to risk $110 to win $100.
A low juice sportsbook in New Jersey may, instead, have odds of -105. That means you only need to risk $105 to win $100.
It may not seem like a big deal, but over hundreds of bets, this will make a big difference to your profitability.
There are dedicated low juice sportsbooks, but traditional sportsbooks may also offer low juice options on specific betting lines or at certain times of the week.
Any smart gambler will take advantage when there’s a low juice option available simply because it maximizes profitability.
The phenomenon of the low juice sportsbook is becoming increasingly common as gamblers realize the benefits of less juice when they place a bet.
It’s also becoming a common bonus during major sporting weekends.
The final step to choosing the best online sportsbook in New Jersey for you is to check out what your fellow gamblers are saying about different websites.
A quick Google search will bring up lots of websites dedicated to compiling customer reviews of sportsbooks. That way you’ll get a better idea of what other people are experiencing on a specific sportsbook.
You’ll also find out about any problems, such as whether people have had trouble withdrawing, gubbed accounts, or a lack of functionality.
It’s well worth spending a few minutes researching a sportsbook before you decide to open an account with them.