Why are these the best sports betting sites in New Jersey?
Since sports betting in New Jersey became legal, the competition to become the number one sportsbook has become fierce.
Everyone seems to want a piece of the action and their powers of persuasion to get you to sign up knows no boundaries.
If you are new to sports betting in New Jersey, then you might just choose the first site you have seen and stick with it. Although, that might benefit you eventually. It would be best practice to have a search around first and find the best sportsbook for your betting needs.
You will need to see which sign-up bonus is the more enticing, what sports are available for you to bet on and if the odds are worth taking a punt on.
There are so many different aspects to look out for. In the remainder of this article, we hope to give you a clearer picture of what is available and how it will benefit you.
Best Sports betting bonuses in New Jersey
When you first get involved in sports betting, it can be overwhelming. The decision to choose the right sportsbook is crucial. As already mentioned, most sites will entice you in with a welcome/sign-in bonus. These could be as follows:
No Deposit Bonuses
This offer gives you the chance to register an account and place a bet without parting with any of your money. Most no deposit offers come with a wagering requirement. This means your amount needs to be more than the bonus amount before you can withdraw any funds.
Most no deposit bonuses will not make you rich overnight, but they are an exciting way to get involved with sports betting.
Some online sports betting sites in New Jersey will go down the route of offering free bets to make you become a regular customer. These kinds of free bets come in many different forms. So be careful.
Matched Free Bets – Once your original bet has been placed, it could be matched in the way of a bonus. More often than not, it will be dollar for dollar. Some sportsbooks will allow you to choose when your free bet will be used. Others make you use it as your first actual bet.
Deposit Match Free Bets – Some sportsbooks will give you a free bet that matches your initial stake. So, if you sign up and then wager a bet of $50, the sportsbook will award you with a one-time free bet of $50 to use on any sports you wish.
No Deposit Free Bet – We’ve mentioned something similar to this earlier on. Some sportsbooks in New Jersey will offer you a small free bet just for signing up and registering.
These kinds of offers are used as a safe haven if you are not 100% sure about how your bet is going to go. You can wager your bet and be safe in the knowledge that if it loses, then a percentage of your initial stake will be returned to your account. So for example, if you placed a $50 bet with a 50% refund promotion, then you would receive $25 back in your account if the bet does not come in.
This method is seen as the most popular and it’s very easy to follow. After you have made your deposit, the sportsbook will then match that stake up to a certain percentage. A lot of sportsbooks will match it up to 100%, while others may lower the bar to 50%.
You may find that these deposit bonuses will have a wagering requirement and most likely a time limit. If these guidelines are not met, then you will lose your bonus.
Some online sportsbooks have started to offer a boosted odds market. These are launched just a matter of hours before big games and will give you better odds than normal. This way of getting people to bet is very popular. Boosted odds grabs the attention of the punter.
Lowest Wagering Requirements
You may have noticed that we’ve already mentioned ‘wagering requirements’. What does that actually mean?
Wagering requirement means the amount of money you will need in your account to be able to withdraw your bonus. An example of this is, if you have a $10 bonus with 50X requirements, then you would need to stake $500 for any of your bonus winnings to transfer into your main account.
With the majority of bonuses like these. You will not be able to withdraw them until you have completed their set wagering requirement.
All sites have different requirements when it comes to taking out your bonus. This could be 1X up to $250 instant bonus, deposit $50 and get $50 cash within 72 hours or 2X your initial deposit. Just make sure you understand the wagering requirements before you sign up. You need to know the best way of collecting your bonus without losing out.