After the US Supreme Court decision opened the door for NJ sports betting, there has been a land rush of capital and expertise to start new endeavors.
While most of the attention has been to physical sportsbooks at casinos and racetracks, the first online/mobile option available comes from DraftKings, the DFS expert.
This brand expansion to DraftKings Sportsbook comes with the company partnering with Resorts Atlantic City to operate a physical book as well. This new endeavor hasn’t been without learning experiences (mainly about pricing).
Here’s what you need to know:
DraftKings Sportsbook welcome bonus
DraftKings Sportsbook offers new players a no deposit bonus of $25 in free bets. Players can get five free bets of $5 each.
You also get a free bet matched up to $500 when you make your first deposit.
As the first online sportsbook to launch in New Jersey, DraftKings Sportsbook beat out experienced players such as MGM/Borgata and Caesars. DraftKings came ready to compete despite being the only app in town for the better part of a month. Highlights of the app include in-play betting, betting carousels, and bet variety. The software is also top-notch, with similar colors and ease-of-use as in its well-known DFS app. As the first in market, DraftKings has a strong following. And that $200 instant bet match promotion is nothing to shrug at either.
DraftKings Sportsbook software and app
DraftKings Sportsbook app is available for Android or iOS devices. Go to the Google Play app or the Apple Store to access.
You can also access the book from your DraftKings online account. Look for the sportsbook tab on the top left of the main DraftKings page after logging in. The site will prompt you to install a location plugin to verify your location (for mobile, just turn on the location tool on your phone).
Since the book is only sanctioned in New Jersey right now, you have to be verified you’re in the state to use it. Sessions will end if you log in, then leave the state’s boundaries. Also, as per state rules, the site will send you an email every time you log in. It’s a good way to protect consumers.
How to log in at DraftKings Sportsbook
Have a DraftKings account? You’re in.
Once you download the app or access the site, use your login credentials. If you don’t, it’s fairly simple. Create an account with email and password or your Facebook info. Your account info works for online and mobile.
What types of bets are available at DraftKings Sportsbook?
You want it? They got it. The options are almost endless. This is like a cruise buffet for sports betting. Let’s get to what’s new first.
It’s difficult to follow games that aren’t compelling. Preseason football sees quarters of action from players who will most likely not be around next month. Scores can get out of hand. What did DraftKings do about this? In-game betting. Yep, prepare to enter the Upside Down.
Missed the opening pitch or first quarter? No worries. Jump in at any point of a live game and get some action. You can bet spread, over/under, and money line on football, baseball, soccer, even tennis. You like Javy Baez to get a hit in this at-bat? You can bet that. Like a prop or a price? Get it NOW. The lines and prices move with each out, first down, serve, and substitution.
This option has taken European betting by storm and could drastically alter the way you consume sports. One major caveat: The vig is substantially higher than pre-game bets. It’s more like what you see in lopsided fights.
Cashing out existing bets
Another unique feature to the DraftKings Sportsbook app is the ability to cash out an existing bet. You can open a single-bet, parlay, or prop and at any time before the event is settled, decide to bail.
You get almost all your money back (DK keeps a small percentage) if you’re winning or losing. If you close out before an event starts, you will not recover the full amount of your original bet. This is available in select sports.
Prefer the more traditional approach of betting a contest before it actually starts? Don’t worry, DraftKings likes your style.
You can go single-game, parlay, alternative line bets, game segments, or round robins. Pricing was an early gripe compared to established brands. DraftKings liked the Phillies against the Mets on Sunday Night Baseball (-240) more than the prices listed on ESPN.com (-210).
And the vigs are still high compared to the physical sportsbooks.
And the prop bets. Oh, the prop bets. It’s like Gallagher and Carrot Top decided to run a sportsbook. Hundreds of futures, in-game, and other options. The possibilities increase exponentially when you get to international soccer. It all looks shiny and tempting but please do your research.
There’s a reason props are also called “sucker bets.”
Betting from laptop vs. app at DraftKings
To bet, click on the bet you like. It will open a side window on your browser. Just type in the amount to bet and click “Place Bet.” This is very straightforward and user-friendly.
On the app, after selecting a bet, the screen will pop up and give you wager amounts. You can type in what you want and wager or hit “Add Bet” to bring up a similar screen to what the website shows. This screen allows you to use your Free Bet.
What sports are covered?
DraftKings has virtually every pro sport competed in North America and Europe. It also has a variety of options for college football and college basketball.
In this area, one major caveat: DraftKings doesn’t list games involving FBS vs. FCS teams, at least for week 1 of 2018. While you can get a price on the AAC’s conference opener UCF-UConn (rivalry trophy no longer in play), you can’t get one on their division rival Temple’s opener against Villanova.
Another noticeable peculiarity is while there are futures for events ranging from the Super Bowl to the 2019 Masters, even the 2019 men’s hockey world championships, single-game bets come only one schedule at a time.
You can bet next Saturday’s Liverpool game in the Premier League, but you don’t have a price for Penn State-Pitt. At the time of this writing, DraftKings Sportsbook took off the Eagles-Falcons NFL opener. Sorry if you wanted to bet against the Bucs in Weeks 2 and 3 while Jameis Winston serves his suspension (Tampa is +9.5 against New Orleans in Wk 1 and +330 ML dog.)
Here’s something to watch: the DK sportsbook is offering futures bets on the NFL athlete that scores the most DraftKings fantasy points. Get familiar with the new scoring system before laying down money.
Deposit methods at DraftKings Sportsbook
You can also deposit from a checking account or with any major debit or credit card. The billing address doesn’t have to be in New Jersey. Check with your bank to see if it has any restrictions.
The current list of available deposit options at DK Sportsbook:
- Credit/debit card
- Bank transfer
- Play+ Prepaid
Go to your profile, scroll down, and click “Withdraw.” You can withdraw some or all of your funds. Money can go back to the card on file or return via check.
Linking your DFS account with DraftKings Sportsbook
You can link your DFS and sportsbook accounts. You can transfer winnings and deposits between the two sides.
However, if you deposit money in your DFS account, you have to use it on the DFS side before you use it in the sportsbook. If you want to bet on sports, deposit through the sportsbook first.
DraftKings Sportsbook rewards program
DraftKings released a new rewards system for its DFS customers in July. However, nothing appears to be directly tied to the sportsbook at this point.
DraftKings Sportsbook FAQ
What are the age requirements for betting on sportsbook apps?
You have to be 21 or older to bet, just like at the physical sportsbooks.
What happens if I step away from DraftKings Sportsbook app?
The site/app will automatically log you off if inactive for a while.
Can you access the DraftKings Sportsbook app outside New Jersey?
You can manage your account out of state, even deposit or withdraw funds. You can’t bet outside of New Jersey, however.
Do you have to be a New Jersey resident?
You don’t have be a NJ resident to bet, you just have to be in the state when you bet. (Might be a good time to memorize the PATH or PATCO schedules, pending upon which side is closer to you.)
What are the parlay options at DraftKings?
Not all bets are available for parlay (like betting a team to win the division AND advance to the league finals)
Can events change or be removed?
Events can be taken “off the board” just like at regular books.
How can I contact DraftKings Sportsbook?
If you have questions, ask. DraftKings social media team is pretty responsive, especially on Twitter where we were able to interact with the DraftKings team. You can also email them.