HomeNBA Betting in New Jersey

NBA Betting in New Jersey

In New Jersey, almost every single licensed sportsbook offers NBA betting options. While the state does not have an NBA team, there’s still an avid basketball fanbase in the state, eager to place wagers on the National Basketball Association. Here, we will go through the best betting apps for NBA betting in New Jersey, along with specific promos they offer and much more.

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Best New Jersey sportsbooks for NBA betting

New Jersey is home to numerous sports betting sites, and nearly all of them have a vast NBA catalog of betting options. Here’s a look at some of the most popular New Jersey sportsbooks for NBA betting.

BetMGM New Jersey

BetMGM

BetMGM bettors can place bets on various NBA game outcomes, player performances, and season-long results, both online and via the mobile app. Available bet types include moneyline, point spread, over/under totals, prop bets, and futures. BetMGM also offers live in-game betting, allowing bettors to wager as the action unfolds on the court. Always ensure you're familiar with the platform's terms and guidelines before placing bets.

DraftKings New Jersey

DraftKings

NBA betting on DraftKings in New Jersey allows residents to place wagers on National Basketball Association games through the DraftKings platform, which is licensed in the state. Bettors can choose from various betting options, including moneyline bets, point spreads, over/unders, prop bets, and futures, among others. Both online and mobile betting are available, ensuring a convenient betting experience for users.

FanDuel New Jersey

FanDuel

NBA betting on FanDuel in New Jersey allows residents to wager on National Basketball Association games through FanDuel's licensed sportsbook platform. Bettors can place various bets, including moneylines, point spreads, over/unders, prop bets, and futures, both online and via the FanDuel mobile app. New Jersey's legalization of sports betting in 2018 paved the way for platforms like FanDuel to offer these betting services within the state.

Different types of NBA betting types that New Jersey betting apps offer

NBA betting provides numerous opportunities for bettors to get in on the action. Regardless if it’s live in-game betting, or wagers placed before the game gets underway, Users shouldn’t have any problems finding a bet type at New Jersey betting apps to suit their interests.

  • Moneyline Bet: Wager on which team will win outright. For example, if the Brooklyn Nets are listed at -200 and the New York Knicks at +170, betting on the Nets requires a $200 bet to win $100, while a $100 bet on the Knicks would win $170.
  • Point Spread Bet: Bet on a team to win by a specific margin. If the New Jersey Nets are favored by -6.5, they need to win by 7 points or more to cover the spread.
  • Over/Under (Total Points) Bet: Predict the combined total points of both teams. In a Philadelphia 76ers vs. New York Knicks matchup with a total set at 215.5, bettors decide if the combined score will go over or under this amount.
  • Prop Bets: Wager on specific game events, often player-related. One might bet on Joel Embiid to score more or less than 25.5 points in a game.
  • Futures Bet: Predict long-term outcomes, like season results. An example would be betting on the Brooklyn Nets to win the NBA Championship at the season's outset.
  • Parlay Bet: Combine multiple bets into one wager. All selected bets must win. For instance, one might combine a bet on the New York Knicks' victory, a Brooklyn Nets game exceeding 210.5 total points, and Joel Embiid scoring 30+ points.
  • Live (In-Game) Betting: Wager on live games with changing odds based on game events. During a live match, if the New York Knicks are trailing in the 3rd quarter, one can bet on them to make a comeback and win.
  • Teaser Bet: A parlay variant where bettors can adjust point spreads or over/under totals for a lesser payout. This could involve adjusting the point spread for two games by 4 points each to favor the bettor.
  • Quarter/Half Bets: Wager on outcomes of specific quarters or halves. For instance, one might bet on the Brooklyn Nets leading at the end of the 1st quarter or on the total points scored in the 2nd half.

How to bet on the NBA online in New Jersey

Placing wagers on NBA teams or players is a pretty easy process. Most sports betting sites feature NBA odds right on their homepage, making it easier for their users to get in on the action.

  1. Select a Licensed Sportsbook: Ensure you're using a licensed New Jersey sports betting platform like FanDuel, DraftKings, or BetMGM.
  2. Create an Account: Sign up, providing the necessary personal details. Some platforms may offer a welcome bonus for new registrants.
  3. Verify Your Identity: Complete any required identity verification, ensuring you're of legal age (21+) to place bets in New Jersey.
  4. Fund Your Account: Deposit money into your betting account using one of the supported methods like credit/debit cards, bank transfers, or e-wallets.
  5. Navigate to NBA Section: Once logged in, head to the NBA or basketball section of the sportsbook.
  6. Understand the Odds: Familiarize yourself with the odds format used (moneyline, point spread, over/under, etc.) and determine potential payouts.
  7. Choose Your Bet: Select the specific type of bet you want to place, whether it's on a particular game, player performance, or a future event.
  8. Determine Bet Amount: Decide on how much money you want to wager on your chosen bet. Some platforms may have a minimum bet requirement.
  9. Review and Confirm: Double-check your bet's details, ensuring everything is accurate. Then, confirm and place the bet.
  10. Track Your Bet: Monitor the game's progress, either on the sportsbook's platform or by watching the game. Many platforms offer live in-game betting options.
  11. Claim Winnings: If your bet wins, the winnings will be credited to your sportsbook account. You can then decide to place more bets or withdraw your funds.
  12. Bet Responsibly: Always ensure you're betting within your means. Set limits, don't chase losses, and use tools or resources provided by sportsbooks for responsible gambling.

Reading NBA odds

In New Jersey, NBA betting odds reflect the perceived likelihood of a particular event happening during a game and the potential return on a wager.

The most common type of odds in NBA betting is the moneyline, which designates which team is favored to win and the potential profit associated with that bet. For instance, if the Brooklyn Nets are given odds of -200, they are the favorites. This implies that to win $100, you'd have to bet $200 on the Nets. Conversely, if the Nets are at +180, they're considered underdogs, meaning a successful $100 wager on them would yield a profit of $180.

Point spreads are another popular betting option, indicating how many points a team is expected to win or lose by. For example, if the Nets are favored by -7.5, they'd need to win by 8 points or more for a bet on them to be successful.

The odds also inform payouts; higher risks (betting on underdogs) typically offer higher potential returns. As games draw nearer and variables like player injuries or recent performances come into play, odds can shift, making it crucial for bettors to stay informed.

Wagering on the NBA finals & playoffs

In New Jersey, betting on the NBA finals and playoffs is a thrilling experience that captures the attention of both seasoned and novice bettors.

To place bets, one would first select a licensed sportsbook operating within the state, such as FanDuel, DraftKings, or BetMGM. After creating and funding an account, navigate to the NBA section, specifically looking for Playoffs or Finals categories.

Multiple betting options will be available, ranging from predicting the series outcome to individual game bets. For example, if the Brooklyn Nets are facing the Philadelphia 76ers in a playoff series, you could wager on which team will advance or the total number of games in the series. Game-specific bets, like point spreads, might have the Nets favored by -5.5 points in one game, meaning they'd need to win by 6 points or more for that bet to succeed.

Throughout the playoffs, live in-game betting allows bettors to place wagers as games unfold, reacting to on-the-court events. It's essential to stay updated on team news, player form, and matchups to make informed decisions, especially given the unpredictability of playoff basketball.

What to avoid when betting on the NBA

While wagering on NBA action can be a thrilling experience, there are a few things to keep in mind when placing these bets. Here are a few things to avoid when placing your NBA wagers.

  • Ignoring Research: Failing to study teams, player form, injuries, and matchups can lead to ill-informed decisions.
  • Chasing Losses: Trying to recoup losses by hastily placing larger or riskier bets can compound losses.
  • Betting Beyond Your Means: Wagering money you can't afford to lose can have financial and emotional repercussions.
  • Ignoring Bankroll Management: Not setting a budget or betting a large portion of your bankroll on a single game increases risk.
  • Betting Based on Bias: Letting personal favorites or local affiliations, like loyalty to the Brooklyn Nets or New York Knicks, dictate bets instead of objective analysis.
  • Falling for "Sure Bets": There's no such thing as a guaranteed outcome. Every bet carries risk.
  • Over-reliance on Past Results: Just because a team performed well in the past doesn't mean it will continue to do so.
  • Ignoring Odds Value: Blindly placing bets without understanding or comparing odds can result in missed value opportunities.
  • Over-betting: Placing too many bets at once, thinking it increases chances of success, often leads to split focus and diluted research.
  • Failing to Review Bets: Not analyzing past bets, both wins and losses, to identify areas of improvement or mistakes to avoid.
  • Being Impulsive: Making hasty decisions based on emotions or gut feelings without thorough consideration.
  • Ignoring Live Betting Strategy: In live betting, making wagers without considering the game flow or reacting to every game event can be detrimental.
  • Overlooking Promotions and Bonuses: Not taking advantage of sportsbook promotions can mean missing out on enhanced odds or risk-free bets.
  • Not Betting Responsibly: Failing to recognize signs of problematic gambling behavior or not using tools provided by sportsbooks to limit bets or self-exclude.

FAQ

Do sportsbooks offer specific NBA promos in NJ?

Yes, New Jersey sportsbooks often have numerous NBA-specific promotions for their users to get in on.

Which betting site is the best for NBA betting in NJ?

FanDuel, BetMGM, and DraftKings are often the go-to for NBA bettors in New Jersey.

Is NBA betting legal in New Jersey?

Yes, NBA betting is legal in New Jersey. New Jersey sports betting betting became legal in 2018, and betting on the NBA has been legal since then.