List of Best NJ Sportsbook Bonuses in 2023
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NJ Sportsbook Second Chance Bets
Second Chance bets are all the rage right now, and it's easy to see why.
The idea of being able to place your first wager safe in the knowledge that you'll get your money back in the form of bonus bets is an incredibly appealing one, especially to new customers.
There are currently five second chance bets available with licensed online sportsbooks in New Jersey.
Out of these five PointsBet is the absolute standout offer.
A second chance bet is a form of bonus where you can place a wager, and if you lose your bet you will receive the same amount as our original wager in the form of a bonus bet.
The amount that you can wager as a second chance bet is capped. Currently in the New Jersey market the maximum range of second chance bets are between $500 and $2,000.
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PointsBet offers the best second chance bet, in our opinion. It is also important to add that the Aussie-owned sportsbook consistently ranks well across the board and across a number of states. It offers a great service with a completely unique form of betting.
Jacob
Bonus ExpertFirst, I would like to say there is nothing wrong with second chance bets. It is just important to understand that these bets are not entirely free of risk, which is the main reason the terminology has shifted from calling them 'risk-free bets' to second chance, or no sweat.
There are effectively three outcomes to a second chance bet, and one of these means you lose your original wager.
Let's look at this example:
The New York Giants are playing the Carolina Panthers
The New York Giants are given a moneyline of -200.
You place a $500 bet on the New York Giants.
There are three outcomes:
- The Giants win, and you receive a $750 payout.
- The Giants lose. You receive $500 in bonus bets and place the same wager on the Giants again at the same odds. The Giants win, you receive a $750 payout.
- The Giants lose. You receive $500 in bonus bets and place the same wager on the Giants again at the same odds. The Giants lose; you lose your wager, and the bonus bets you were trying to use to get back the lost cash.
Matched Deposit Bonus
This type of promotion is straightforward. It simply means that the sportsbook will match the bonus with your initial deposit amount.
This means that if you deposit $500 when you join your sportsbook, you will receive $500 in bonus bets.
Here we have rated the best-matched deposit bonuses in New Jersey.
Best Matched Deposit Bonus
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We believe PointsBet is the best NJ sportsbook. Here is why.
New Jersey has emerged as the golden child of the burgeoning US sports betting market. We look at why PointsBet has emerged as the state's best sportsbook. Read more
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