List of Best NJ Sportsbook Bonuses in 2022
Risk Free Bet up to $1,500
Bet up to $1,250 Risk Free
$1,000 No Sweat First Bet
up to $1,000 risk-free bet
Bet $1, get $200
Risk-free bet up to $500
$500 risk-free bet
Risk Free Bet up to $500
100% deposit bonus up to $250
Deposit Bonus of up to $1,000
NJ Sportsbook Risk-Free Bets
Risk-free bets are all the rage right now, and its 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 free bets, is an incredibly appealing one, especially to new customers.
However as Jacob, our expert on welcome bonuses explains below, the claim to be completely risk-free may be misleading.
There are currently five risk-free bets available with licensed online sportsbooks in New Jersey.
Out of these five PoinstBet is the absolute standout risk-free offer.
A risk-free 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 free bet.
The amount that you can wager as a risk-free bet is capped. Currently in the New Jersey market the maximum range of risk-free bets are between $500 and $2,000.
Best NJ Risk-Free Bet
Best NJ Welcome Bonus
Risk Free Bet up to $1,500
PointsBet offers the best risk-free bet, in our opinion, for the reasons we have listed below. 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.
Two bonuses wrapped up as one
In many ways, we feel that PointsBet undersells itself when it comes to its risk-free welcome bonus offer. This is because they are the only sportsbook to allow more than one risk-free bet.
With the PointsBet offer, you can place one risk-free bet of up to $500 on a fixed-odds wager. This means a traditional bet where their odds are set before the game, and you can only win a set amount. The second risk-free bet you are allowed to place is a Points Bet wager of up to $1,500. This type of wager is a unique type of bet created by the sportsbook, which places you wager on a sliding scale where you win or lose more depending on how wrong or right you are.
Now we think that the split risk-free offer is advantageous for you for a number of reasons:
- Two wagers allow you to experiment with your new sportsbook and test out the product with reduced risk.
- It is unlikely you would place one risk-free bet of $2,000, so a split allows you to wager an amount nearer to the total sum.
- As Jacob outlines below this type of bonus is not completely risk-free, but by placing two risk-free bets, you heavily reduce the likelihood that you will lose all of your original money.
No extra turnover requirement
PointsBet does not include any pesky turnover requirements which impact the value of your risk-free bet. This type of requirement means that you have to win a certain amount of times with your free bets before the money is actually yours. PointsBet only requires you to win once before you can choose to do what you want with your winnings.
The largest maximum amount
This risk-free bet is the largest amount offered in New Jersey. The next largest amount is $1,000, which is 50% of PointsBet's offer!
First, I would like to say there is nothing wrong with risk-free bets. It is just important to understand that risk-free bets are not entirely free of risk.
There are effectively three outcomes to a risk-free 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 risk-free 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 free 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 free bets and place the same wager on the Giants again at the same odds. The Giants lose; you lose your wager.
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 free bets.
Each sportsbook caps this bonus at a certain amount. Currently, Caesars sportsbook offers the largest matched deposit bonus of $1,001. Although it should be stated, this is only $1 more than both DraftKings and FanDuel.
Here we have rated the best-matched deposit bonuses in New Jersey.
Best Matched Deposit Bonus
We believe that Caesars and FanDuel are great matched deposit bonuses.
However, we think that DraftKings offer is misleading. This is because it attaches a 26x turnover requirement to the original bonus, making it incredibly unlikely you will really win any big money from this promo.
DraftKings has a great product in New Jersey, but we would not recommend their welcome offer.
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