NJ Sports Betting FAQ
These are the most frequently asked questions about NJ sports betting:
Is sports betting in New Jersey legal?
Back in June 2018, New Jersey Governor Philip Dunton Murphy signed the NJ sports betting law, allowing land-based operators to offer their products offline and online to players in the state.
Who can offer sports betting online in New Jersey?
All land-based casinos in Atlantic City and all racetracks (including the ones in Freehold Raceway, Monmouth Park and in the Meadowlands) in the state of New Jersey can legally offer online sports betting, as long as they have gotten the required licence for online games from the New Jersey Division of Gaming Enforcement.
Is betting on offshore sportsbooks legal in New Jersey?
Always look for the official New Jersey Division of Gaming Enforcement seal (usually placed in the footer of all licenced sportsbooks.
A good tell a website might not be legit is if they have a domain ending in .ag or .cc. It’s important to mention that not all .com sports betting sites are legit, far from.
What sports betting sites are legal in NJ?
Currently, there are only eight (soon nine) sportsbooks available on mobile and online in NJ.
These sportsbooks are legal in NJ:
- Draftkings sportsbook
- Caesars sportsbook
- Sugar House sportsbook
- Fan Duel sportsbook
- 888 sportsbook
- PlayMGM sportsbook
- BetStars sportsbook
- William Hill sportsbook
Hardrock Casino Atlantic City is launching sports betting in the first quarter of 2019.
What sports can you bet on at New Jersey betting sites?
You can bet on most sports, including:
- UFC Fighting
What variety of bets can be made?
When betting at New Jersey sportsbooks the most popular bets are single-game wagering bets. That’s when gamblers bet on who to win a specific sports game, event or tournament.
However, there is a variety of bets you can place that does not only fall under the single-game wagering category.
Bets that can be made:
The most common bets are moneyline bets, which is a single-game wager. To place a moneyline bet, you choose a sports event, pick the winner of that game, and if your team wins, your winnings are based on the moneyline odds.
Moneyline is really short for the odds on a specific team to win a game. The moneyline shows how much you can win when betting $100 on the underdog of the game, and how much you need to bet on the favourite to win $100.
When betting on the underdogs, the money line is a positive number. For example, the money line on the New York Jets to beat the New York Giants might be +140, which means that if you would bet $100 on the Jets to win, you would win $140 (as well as getting your initial $100 back).
When betting on the favourites, the moneyline is a negative number. For example, the money line on the New York Giants to beat the New York Jets might be -120. This means that if you would bet $120 on the Giants, you would win $100 (as well as getting your initial $120 back).
When placing over/under bets you bet on how many points or goals that will be scored in a game.
A line on the goals or points scored in the game is set by the bookie, and gamblers can then bet on if the actual total of points will be over or under the set line.
For example, the over/under on the New Jersey Devils versus the New York Rangers might be 4.5. If the game ends Devils 3 Rangers 2, the total points would be 5, and all gamblers who placed their bets on the over would win.
If the game ends Devils 1 Rangers 3, the total points would be 4, and all gamblers who placed their bets on the under would win.
Props, short for proposition bets, are essentially when gamblers place bets on if something will or will not happen.
These bets are considered fun bets to spice things up, without actually betting on a team to win or lose. Will the Rangers score the first goal against the Devils? Will Taylor Hall score over 0.5 goals?
Props are offered on almost all games you can bet on, however, on large sports events such as the Super Bowl, there are literally hundreds of proposition bets available.
Point spread bets
A point spread represents by how many goals or points the sportsbook expects the favourite to win by. In short, points spread bets are simply bets on if the favourite will win by that set amount of goals or points or not.
Bets on the favourite pay out if they win by more than the set spread.
Bets on the underdog pay out if they win or lose by fewer points than the set spread.
In this example, the point spread on the game between the New Jersey Devils and the New York Rangers is set at 2.5 goals/points. As the Devils are the favourite, they would have to win by 3 goals or more to cover.
If the game would end Devils 5 Rangers 2, the Devils would have won by more than the 2.5 point spread, and would cover the spread. This means all bets on the Devils to cover would pay.
If however, the game would end Devils 6 Rangers 5, the Devils would not cover the spread. Then all bets on the Rangers would pay.
In short; If you bet on the favourite, they need to cover the point spread for you to win. If they would fail in doing so, all gamblers who placed their bets on the underdog would win.
In cases where the favourite wins by the exact point spread, both sides get refunded. This is called a push. However, because of this, most sportsbooks set the point spread to a .5 number, so that the exact scores can’t match the point spread.
Paylay bets are a combination of more than one bet, where all bets in the combination have to win for the parlay bet to pay. This makes this kind of bet riskier, with a lower chance of winning. However, it does multiply the odds of all the bets combined, which can give you really high odds that can pay out big time.
The upside of parlay bets are the high odds and massive payouts offered for a smaller stake. The downside is the low chance of winning, as it’s really hard to pick multiple winners, hence the high odds.
Futures bets are really betting on events in the distant future. For example, betting on who to win the championship title, before the season has started.
Because no one knows the form of the players, higher odds can be offered as it’s harder to predict that much ahead in time. Futures bets are a popular bet among sports fans who like to put a stake on their team to make the playoffs or to win the title.