When it comes to sports betting in New Jersey, users will never run out of betting types available at NJ online sportsbooks. At all of the top sportsbooks in New Jersey, bettors can place all of the standard betting types, including moneylines, totals, and points spread wagers. You will also find that the best NJ sportsbooks offer users more complex betting types, like same game parlays and round robin bets.
Here's a rundown of the betting types available at NJ online sportsbooks.
When make a spread bet, you are betting on one team's margin of victory or defeat against its opponent, rather than the straight-up or moneyline result. With spread betting, the favorite is designated with a points handicap and minus points while the underdog will get points.
For example, if the Dallas Cowboys are favored by 6.5 points against the New York Giants, a spread will look like this:
- Dallas Cowboys -6.5 (-110) versus New York Giants +6.5 (-110)
To win a point spread bet, the team you wager on must cover the predetermined spread. In the example above, the Cowboys would win the bet and cover the spread if they won by seven or more points. If the Giants won the game outright or lost by less than seven, then the Giants +6.5 would be a winning spread bet.
When you bet a total, you are betting on the combined number of points scored in a game between both sides.
For example, if the total of the above Cowboys vs. Giants game is set at 47.5 points, you can bet the game to go over or under that total with -110 odds on both sides. If you take the over, the total combined points for both teams must at least 48 points to win your bet. If you take the under, the total points scored would be 47 or less to win your bet.
Moneyline bets are the most simplistic form of sports betting. When you bet on a moneyline, you are betting on one side to defeat another outright, with no points involved like with spread betting.
For example, if you bet on the New Jersey Devils to defeat the New York Rangers in an NHL game, and the Devils win, you win the moneyline bet. The score does not matter, as long as the Devils win. However, if the Rangers win, you would lose the bet.
Prop bets, also called proposition bets, are not tied to the final score of a given contest. Instead, prop bets focus on an individual outcome during a game or event.
The most common prop bets you will find at NJ sportsbooks are game props, team props, and player props.
Player props are centered around a player's performance in a unique statical category.
- Daniel Jones over/under 220.5 passing yards -- Over (-110) | Under (-110)
Team props are focused on an individual team's outcome during a game.
- Will the Giants record over/under 3.5 sacks? Over (-110) | Under (-110)
Game props are related to a unique happening during a game.
- Will the Devils vs. Flyers game go into overtime? Yes (+300) | No (-280)
When you make a futures bet, you are betting on the future outcome of a sporting event, league award, or title.
Here are some examples of futures bets:
Parlay bets involve two or more individual bet selections being combined into one single bet. Each individual bet in a parlay is called a leg. To win your parlay bet, all of the legs must individually win or push. If even one leg loses, your entire parlay ticket will be graded as a loss.
Here is an example of a multi-sport parlay:
- Giants moneyline (+112)
- Yankees -1.5 run line (+105)
- Eagles vs. Commanders over 41.5 points (-152)
This 3-leg parlay has +620 odds. If all the legs hit, you can win $155.13 on a $25 wager.
Similar to a parlay bet, teasers involve multiple bets being included in a single wager. With teasers, you can buy points to make your bet selections more favorable in exchange for reduced odds and a lower payout.
Here is an example of a teaser. Let's say the standard lines for two games are Cowboys -7 (-110) vs. Giants and Packers -6 (-110) vs. Vikings. In a 6-point teaser, those lines would move to Cowboys -1 vs. Giants +13 and Packers +1 vs. Vikings +12. You'd take one side in each of those two games with the shifted spreads at -120 odds. Both legs would need to cover in order for your teaser bet to win.
Live betting occurs after a sporting event has started. With live betting, odds and lines move according to the happenings during the game.