DraftKings Sportsbook Betting Review

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You can officially bet on sports online in New Jersey, thanks to DraftKings Sportsbook. On Aug. 6, the daily fantasy sports giant became the first online sportsbook to offer wagering in a state other than Nevada.

Now, whether you are a resident of New Jersey or not, you can now place sports bets anywhere in the Garden State.

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Right now, new players at DraftKings Sportsbook can get $25 in free bets, with no deposit required! Sign up with our link and get five free bets worth $5 each at Draftkings Sportsbook. You also qualify for a free bet of $200 matched by DraftKings when you make your first deposit.

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DraftKings Sportsbook features

DraftKings Sportsbook features both an app and browser-based site. You can use it on iPhones, iPads, Android devices, PCs and Macs.

The DraftKings Sportsbook is, above all else, an attempt to streamline sports betting for the mobile space. As a result, there are several features on the app that are alterations from traditional wagering on sporting events.

Betting carousel

The first major change is the betting carousel. With so many bets available on DraftKings, the company wanted to make it simpler to find events that the player wants to bet.

The betting carousel is a customized suggestion palette for each DraftKings account. The app either uses a player’s specified preferences or their betting history in daily fantasy sports to generate a series of options most likely to suit the bettor.

Simplified language

One of the most daunting things about a new activity is learning the lingo. Almost every activity has its own terms and language, and sports betting is no exception.

However, with sports betting becoming legal in areas where it has mostly been absent, there are many new players entering the game. Therefore, the DraftKings app simplified various bets and information to more functional and contextual labels.

So, for instance, the traditional moneyline bet still exists on the DraftKings app. However, its label is “who will win,” rather than the more obscure or confusing term.

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Variety and flexibility

Almost any type of bet is available on DraftKings Sportsbook. All the typical point spreads, moneylines, totals and futures bets are there, along with rarer options like alternate lines, in-play bets, and proposition bets. More on all of those in a bit.

Every bet on the site features a live ticket system, which allows players to cash out of their bets at almost any time during the contest.

So, if a game is going the bettor’s way, they might be able to collect some or most of the profit on their wager early. The feature would allow players to avoid the chance of some sort of last-second loss.

Even parlay bettors can take advantage of the system. Of course, the payout is less than if the player wins outright, but the amount of the payout automatically adjusts according to the status of the contest(s).

Players can also wager in amounts lower than in a traditional sportsbook. DraftKings will accept wagers as low as $0.10.

Unified branding

One part of the sportsbook that won’t be different is its appearance. DraftKings retained both its black-and-green color scheme and logo throughout the app.

So, players will see the familiar “crowned-D” when they log in for the first time. The app’s design team wanted to reduce friction and difficulty as much as possible in its presentation, even in terms of aesthetics.

Creating an account at DraftKings Sportsbook

Creating an account — before you fund it — is a fairly easy process, requiring just a bit of personal information.

You must be 21 years of age and located within New Jersey to sign up at DraftKings Sportsbook and place real bets.

Can you link your DraftKings Sportsbook and DFS accounts?

Yes, you can. If you already have an account on the fantasy sports side, DraftKings makes it easy to link your accounts. Once you’ve downloaded the app, there is an option under “account” to link your two accounts.

The sportsbook platform is right on the website, and easy to access.

The DFS app/site and Sportsbook app/site share a common wallet, to a certain extent. You can deposit at DraftKings DFS, and then move money to Sportsbook, once you have played through it once (i.e. if you deposit $100, you have to play in $100 worth of contests in order to move it to Sportsbook). So it’s not quite seamless.

Using the DraftKings Sportsbook app

The experience of using the app to bet on sports is intuitive, whether you are an experienced sports bettor or not.

The app is quick and responsive, and you can easily place any bet you want with a few touches.

The app, in its early days, has suffered a bit on the geolocation side, as it tries to determine if you are inside New Jersey?. If you’re on a device that is using cellular data only, geolocation has been slow or impossible, depending on timing. Being connected to WiFi definitely speeds up the process.

The sportsbook makes its money based upon something called “vigorish” or the commission they charged on winning bets. DraftKings’ odds have its sportsbook charging more vigorish than bookmakers traditionally do at Nevada or European sportsbooks, so it’s been a source of consternation for experienced bettors.

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Depositing and withdrawing at DraftKings

Right now, there are only a few options for depositing:

  • Credit card
  • Debit card
  • Bank transfer

If your credit card company or bank declines your transaction, that leaves you without much recourse. DraftKings currently does not offer PayPal or Neteller as a deposit option, which are the easiest ways to move money onto an NJ online casino right now.

You can transfer money from your DFS account, once you’ve played through it as noted above.

You can only withdraw via a physical check or by getting cash at the cashiers’ cage at Resorts Atlantic City. DraftKings is likely working on offering better options for both withdrawing and depositing.

What kinds of bets can you make at DraftKings?

Even with DraftKings’ concerted effort to make sports betting more accessible, the prospect of placing real-money wagers on sports contests can be quite intimidating to new players. So, here are brief explanations of each type of betting.

Point spread

Betting on a point spread is the most common type of bet sports bettors make. A sportsbook will simply determine that one team will defeat another by a specific number of points (or runs or goals or whatever).

Bettors wager that either the team picked to win will exceed that number, or that the team picked to lose will do so by less than that number. If the underdog loses by less than the number or wins outright, the team is said to have “covered” the spread.

Moneyline (or ‘Who Will Win’)

As its DraftKings title implies, the bettor is simply betting on the eventual winner of the contest. The margin of victory is irrelevant to the bet.

Instead, the sportsbook establishes different payouts based upon its perception of which team will win. The favored team will have a negative three digit number next to it, and the underdog will (usually) have a positive number next to it.

This type of bet is easier to understand if we use an example. So, let’s say the Seattle Seahawks are playing the Cleveland Browns this Sunday.

The given moneylines for that game look something like this:

SEA: – 165

CLE: +145

So… if you wanted to bet on the Seahawks, you’d have to put up $165 to receive a $100 payout. By contrast, if you bet on the Browns, you would receive $145 for every $100 you bet.

Totals

Another common type of sports bet is totals bets. These bets are often referred to as the “over/under,” due to the nature of the bet.

The sportsbook will declare how many points will be scored in a given contest by both teams. Gamblers will then wager on whether they believe that number to be too low or too high.

If they bet that the number is too high, they are said to have bet the “under.” Conversely, if the number seems too low, bettors will take the “over.”

Futures

A futures bet is a wager that some sort of longer term event will occur. Common futures bets include wagers that a given team will win its league championship, or that a particular athlete will achieve a specified performance goal.

The very first sports bets in New Jersey were futures bets. Gov. Phil Murphy wagered that Germany would win the World Cup in soccer and that the New Jersey Devils would win the Stanley Cup in 2019. So far, he has lost the first bet on Germany.

Proposition

Proposition betting, or prop bets, are wagers on events ancillary to the given sporting contest. Prop bets tend to focus on micro-events, like whether a player will hit a home run in a game or not.

In-play bets

In-play betting is bets that occur during the event itself. Players can often bet on the outcome of a particular quarter.

In fact, the DraftKings app breaks down in-game events to almost a granular level. Bets could be available on events as small as what kind of pitch will a pitcher throw next, or what kind of football play will occur on the next play.

The live ticket system mentioned above effectively makes all bets on DraftKings an in-play wager. You can convert your bet to a payout at any point during the contest.

What sports can you bet on at DraftKings Sportsbook?

If it’s a sport that Americans watch with any amount of regularity, it’s probably going to be available at DraftKings:

  • NFL betting
  • College football betting
  • NBA betting
  • College basketball betting
  • NHL betting
  • MLB betting
  • Golf betting
  • Tennis betting
  • Combat sports betting
  • NASCAR (and other motorsports) betting
  • Soccer betting

What bets will DraftKings not take?

Restricted bets will depend upon the state in question. Since the DraftKings app only operates in New Jersey, the restrictions on the app reflect the laws of the Garden State.

So, these are the types of bets that you will not find on the DraftKings at present:

  • Betting on high school sporting events is not permitted.
  • You may not bet upon collegiate events that occur within the borders of New Jersey.
  • There can be no betting upon New Jersey colleges, most notably Princeton and Rutgers.
  • You must be inside the state lines of New Jersey to bet on the app.

Obviously, as other states bring online wagering to its public, there will be some variations. However, rules like the prohibition on high school events or the geolocation requirement.

If you’re in New Jersey or nearby, go check it out!

More about DraftKings

Before it got into sports betting, DraftKings was (and remains) one of the two largest providers of daily fantasy sports in the United States.

DFS is similar to traditional fantasy sports, except that contests are condensed into a much shorter time period. Players select real-life athletes and compete based upon their athletes’ real-time performances.

DFS grew quickly into an industry with hundreds of millions in revenue. DraftKings, along with its rival FanDuel, have commandeered the lion’s share of those earnings.

Still, DraftKings and other operators in the industry have had to negotiate claims that DFS is nothing more than gambling. However, since the repeal of PASPA, that argument has become moot – DraftKings is now a sports betting provider, anyway.

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  • Mobile app
  • Betting options
  • Deposit bonus
  • Banking

Summary

DraftKings is currently the best -- and only -- online sportsbook in New Jersey. The site offers an intuitive and user-friendly interface if not lines that are competitive with offshores sportsbooks.

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