3 Types Of Online Sports Betting Allowed In New Jersey

Online sports betting has been legal in New Jersey since 2018 under the Sports Wagering Law. The state went to great lengths to approve online sports gambling; it fought against Nevada and helped to undo the state’s monopoly on online sports betting. 

Fast forward six years and there are over 23 sports betting sites in New Jersey. All of these bookmakers allow a range of sports gambling options, and we’re going to discuss three of the best ways to bet on your favorite matches: 

  • Live Sports Betting

  • Over/Under Sports Betting

  • Daily Fantasy Sports Betting

Live Sports Betting

You’ll find live sports betting at all the licensed sportsbooks in New Jersey. These operators also provide credit card betting, so you can fund your account using a Mastercard or Visa credit card. With money in your account, you can start betting on live sports in just a few steps: 

  • Navigate to the “Live Betting” section

  • Select the sport and match you wish to bet on

  • Pick one of the outcomes and place your bet

  • Cross your fingers and hope your bet comes true

What is the purpose of live betting? Instead of placing wagers before a match, you make them during it. The idea is to monitor the match and guess what will happen next. If you see one team looking more likely to score the next goal or touchdown, you can put a live bet on it to happen. Call it how you see it and put your money where your mouth is. If you’re someone who loves trying to predict matches or makes comments while the games are happening, this is a good style of betting to try. 

It’s also beneficial if you want to bet on the favorites. Live bets give you a way to stake money on the pre-match favorite yet get better odds for them to win. If you place the bet when the team is down or looking poor, you could make a pretty fortune. 

Over/Under Sports Betting

The US online betting scene is relatively new compared to other countries in the world. It began with hardly any betting options – but over/under sports betting was one of them. Instead of betting on a match outcome or predicting who will win, you bet on an over/under for a specific proposition. 

This might be: 

  • Total points in a match

  • Total touchdowns in a match

  • Total three-pointers in a match

  • Total points scored by a player

  • Total yards gained by a player

  • Total fouls in a match

The possible betting markets depend on the sport you’re choosing, but you get the idea. It’s your job to pick one of these and bet over/under the assigned figure. For example, you’re betting on a football match having over or under 50 total points scored. Stake your money and see if the bet comes in. 

Thanks to the simplicity of over/under sports betting, it’s remained popular even as New Jersey’s sportsbooks have branched out to offer new things. Punters love how easy it is to place bets like this – and how likely it is you’ll win money. 

Daily Fantasy Sports Betting

Our third, and final, sports betting option is daily fantasy sports (DFS). This is massively popular in the state of New Jersey, and we can see why. It’s an offshoot from traditional fantasy sports but designed to take less time and require way less research. 

So, how does it work? 

Normal fantasy sports involve picking a league – the NBA, NFL, etc… – and forming a team based on the best players. Each player costs “money” to buy and you must fit your team within the budget. Points are given after each game depending on how well each player did. You then switch players in or out depending on who they’re up against. 

It’s very long-winded, but DFS takes this concept and makes it better. You join a DFS betting site, pick a sport, and then choose from various games: 

  • Double-Up

  • Head-to-Head

  • Contests

For Double-Up and H2H, you build a team based on the players available. You get to see their stats, and you must ensure your team is within the salary cap. When the round of games is over, you’ll have points that put you on a leaderboard. In Double-Up games, you get a 100% return on your entry fee if you finish in the top 50% of players, plus more winnings depending on how high you rank. H2H games pay out if you beat your opponent – and contests are completely different. 

A DFS contest means you pick between two players for a specific “contest” within a match. As an example, you’re betting between Steph Curry and LeBron James for who will score the most points in their match against one another. Make your pick, stake your bet, and win money if you’re correct. There are loads of contests like this, making it a super easy way to bet and get the enjoyment of fantasy sports without the hassle. 

As demonstrated, New Jersey natives can enjoy a broad variety of sports betting options. Pick whichever one appeals to you the most – and always be careful when betting real money. Know your limits and never gamble cash unless you can afford to lose it. 

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