We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations. About DraftKings Sportsbook. DraftKings (NYSE: DKNG) has been around as a Daily Fantasy Sports company since 2012, adding sports betting to its repertoire in 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PAPSA). DraftKings has a market capitalization of over $18.81 billion as of November 2020.
Aug 07, 2019 A teaser is a sports bet that is similar to placing a parlay bet. Both types of wagers are made by selecting two or more events to occur. Like a traditional parlay, each event selected for a teaser must win in order for the player to win to win the bet. You bet a teaser on DraftKings Sportsbook by parlaying multiple point spreads or totals in which the lines are each teased down in exchange for a lower payout. You can tease only football, basketball, or football and basketball lines at DraftKings Sportsbook.
Many of you will be very familiar with DraftKings as a daily fantasy sports operator brand. But now, DraftKings Sportsbook accepts online sports wagers from bettors in Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Pennsylvania, Tennessee, and West Virginia. New users can claim a sign-up bonus up to $1000 when they make their first bet. New customers do not need a DraftKings Sportsbook promo code to claim this offer.
The DraftKings Sportsbook site is super simple and easy to use, with a wide range of betting markets, including in-game betting and cash-out features. Similarly, for those that prefer betting in-app than on a betting site, the DraftKings Sportsbook app download is super quick and easy.
In this article, we’ll provide a full and comprehensive DraftKings review of their Sportsbook and DFS site.
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Remember: If you or someone you know has a gambling problem and wants help, call 800-GAMBLER.
DraftKings Sportsbook officially launched in New Jersey in early August 2018 after a trial soft launch time period, making them the first sportsbook to go live in the state. At the brick-and-mortar, DraftKings Sportsbook location at Resorts Casino in Atlantic City, NJ, bettors can make cash wagers. There are five betting windows, 12 kiosks and a total of 5,000 square feet of space that includes high-definition video walls, a VIP area and stadium-style seating with charging ports for cellular and laptop devices.
DraftKings Sportsbook Promo Code
For new customers, DraftKings is offering a receive a sign-up bonus of up to $1000. New customers do not require a DraftKings promo code to receive this offer. Simply click the link above, create an account, make a deposit, and a qualifying bet to receive your free bets.
DraftKings Sportsbook Promotions
Draftkings Sportsbook Teaser Rules
Once you’ve created an account, DraftKings Sportsbook offers a number of weekly and monthly promotions that are tailored to particular sports. If you are looking for a sportsbook that’ll constantly try to maximize your betting experience, then DraftKings Sportsbook is perfect for you.
DraftKings Deposits and Withdrawals Options
Deposit Methods at DraftKings Sportsbook
DraftKings Sportsbook looks to give New Jersey sports bettors as many different options to fund their accounts as possible and allows bettors to use the following deposit methods:
- Credit Cards (VISA and Mastercard)
- PayPal
- Bank Transfer (most major banks)
- DraftKings Play+ Card
- Wire
- ACH (e-checks)
DraftKings Sportsbook Withdrawals
DraftKings Sportsbook withdrawal processes are incredibly easy to move money out of your account. Customers can withdraw their money through the following options:
- PayPal
- Bank Transfer
- DraftKings Play+ Card
- Cash withdrawal via teller cage at Resorts Casino Atlantic City
We’ve found DraftKings Sportsbook withdrawals typically take around 48 hours.
How to bet at DraftKings Sportsbook
How to create a DraftKings Sportsbook account
Signing up for the DraftKings Sportsbook is a quick and easy process. First of all, you must be located in the state of New Jersey to use all features of the sportsbook – they’ll know, DraftKings makes you use geolocation, which we’ll get to later. To create an account, you will be required to give some basic information (name, email address, age, etc.). Next, read the rules and guidelines, where you must click a box to verify you agree.
There’s no DraftKings promo code required, so you’re ready to wager!
Can you link your DFS account with your Sportsbook account?
If you are in New Jersey and you already have a DraftKings DFS account then you can link your two accounts. Once you’ve gone through the DraftKings Sportsbook app download process. Simply head on over to the account section, where you can link your two accounts.
However, while it is possible to move money between your DFS and sportsbook account you are required to play through your deposit once. For example, you deposit $20 into your DFS account, you must play through $20 worth of contest before you can move it to your sportsbook account.
DraftKings Sportsbook Site
Anyone who has used the DFS version ofDraftKings will find it very similar to that website, as a lot of the graphics,color schemes and icons are identical.
In fact, the DraftKings sports betting site doesn’t offer a lot of visual sizzle, but new customers won’t care when they see how easy and intuitive the site is.
It’s really nice that you can view your bet slip (where all your wagers are) while still looking at different odds – this is particularly helpful when trying to choose games for a parlay. When doing a lot of different prop bets on a single game, whether that’s Thursday/Sunday/Monday Night Football, the playoffs or the Super Bowl, that can really come in handy as well.
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DraftKings Sportsbook App Download
The app is available on both Android and Apple devices. The app download is super quick and easy for new customers. Simply scroll down to the bottom of the DraftKings page and click on the Google or Apple button.
As for the accessibility of the sports betting app, for the most part, it runs quite smoothly. You may experience geolocation fails.
However, if you contact customer service, they’ll be able to tell you if there’s a certain program that might be blocking the geolocation capability – that’s usually the culprit of the frustration.
All in all, the app is very similar to the website in that everything is easy to find and clearly labeled.
Sports Betting with DraftKings
Sports you can bet on
DraftKings Sportsbook offers a wide range of markets to bet on sports. Obviously, they offer the four major US sports and as well as some of the more obscure sports, including:
- Hockey
- Boxing
- Cricket
- Cycling
- Darts
- Golf
- MMA
- Motorsports
- Rugby
- Soccer
- Tennis.
Draftkings Sportsbook Teasers
DraftKings also features some more novelty bet markets. For example, they have run markets on the Academy Awards and the Oscars before.
Sports Wagers Accepted
DraftKings Sportsbook offers a wide range of betting options. Just as the daily fantasy sports extension of DraftKings has, there are tons to bet on. Like mostly any sportsbook, DraftKings offers the following types of bets:
- Points Spread bets
- Moneyline bets
- Alternate Spreads/Totals bets
Live Betting?
Yes, DraftKings Sportsbook offers New Jersey bettors live betting or in-play betting as it’s also known.
Cash-out Option?
Yes, bettors can cash-out when betting with DraftKings Sportsbook.
DraftKings Online Casino
For those who like to play casino games, as well as bet on sports DraftKings offers NJ online casino games. Customers can play casino games through the DraftKings Sportsbook app and heading to the casino suite. DraftKings offers a range of virtual slots, video poker, and blackjack, as well as a wide selection of live dealer games available 24/7.
DraftKings Sportsbook Customer Support
Customers can contact DraftKings via email at sportsbook@draftkings.com.
Phone
There is no direct phone support to contact DraftKings. However, there is a callback option if you need to speak with a DraftKings customer support agent.
Everything is on social media these days, and customer support is no different. DraftKings has moved with the times and customers can contact customer support on Twitter.
DraftKings Sportsbook Promo Code Review
To sum up, DraftKings Sportsbook offers a great sports betting product in the New Jersey sports betting market. The DraftKings’ Sportsbook app is simple and easy to use. Likewise, their sports betting site really easy to navigate and place sports wagers.
For those who prefer an agile sportsbook over fancy visuals, the DraftKings Sportsbook is the one for you. They offer a wide range of depositing methods, including PayPal, which not many other NJ Sportsbooks can claim. Plus, their wide range of betting markets, along with in-game betting and cash-out features means there are no boundaries to your sports betting capability!
If DraftKings Sportsbook sounds like the right sportsbook for you, then new customers can claim their $1000 sign-up bonus (No DraftKings promo code required to receive bonus offer).
If you or someone you know has a gambling problem, crisis counseling, and referral services can be accessed by calling 1-800 GAMBLER (1-800-426-2537) (IL).
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European sports betting companyKambi has unveiled a new twist on parlays. The company is distributing the Teaser+ for immediate integration into online platforms like DraftKings Sportsbook and SugarHouse ahead of the NFL season in the U.S.
What even is a teaser?
For sports bettors new to the game, this announcement probably sounded like some kind of industry jargon. However, Teaser+ may end up becoming a close friend of many.
For those who are unsure, a teaser is a type of parlay bet. In a parlay, the bettor makes a single wager on a combination of events.
In order to win, the bettor must guess correctly on every single leg of the bet – for example, every team he or she bets must cover or beat the point spread. Obviously, making multiple correct picks is more difficult, and parlays come with higher payouts because of their increased risks.
Enter the teaser. A teaser allows the bettor to receive an adjustment on each game’s point spread in his or her favor. In return, the player receives a reduced payout amount.
Essentially, teasers appeal to sports bettors who are generally too risk-averse to attempt a parlay wager. A teaser is a way to hedge against the difficulty of pulling off a successful parlay.
Okay, so what is a Teaser+, then?
Custom teaser rates
The problem with the traditional teaser is that the line adjustment is applied uniformly across all legs of the parlay. However, not all games and matchups are created equal, and the adjustments end up being too much or not enough.
Teaser+ solves that problem. Instead of using blanket odds tables, Kambi uses alternative lines generated in-house that takes the team selections, match factors, and other variables into account.
The result is a group of teaser rates that are more precise for each wager. According to the press release, Teaser+ rates almost always result in a more generous adjustment than traditional teaser rates.
Pushes are no longer a problem
Another issue that bettors face in traditional parlays and teasers is when the teams push on the spread. Typically, since a push is decidedly not a win, the parlay drops that leg of the bet and pays (or doesn’t) with the reduced odds of a lower-tiered parlay.
Teaser+ basically breaks down parlays into individual bets. Because of that, the Teaser+ can treat ties like pushes and keep the teaser alive for its remaining legs.
This flexibility even works in a two-team bet. Teaser+ would simply push one game and pay the other as a single game wager.
“Kambi’s Teaser+ has the potential to fundamentally change how both operators and bettors consider teaser bets,” said Kambi CEO Kristian Nylen, in a press release. “Our modern approach (is) a step away from the current one-size-fits-all system (and) deliver(s) a fairer and more advantageous price to the player.”
Kambi continues to lead in sports betting innovation
Teaser+ is already live at the two Kambi-powered sportsbooks in New Jersey: DraftKings Sportsbook and PlaySugarHouse.
Both DraftKings and PlaySugarHouse are already operating another Kambi product, Cash Out. Cash Out is a groundbreaking live ticket system that allows players to receive payouts on open tickets at any time during the match.
Players can even cash out after preliminary legs of a parlay. Essentially, every wager on DraftKings or PlaySugarHouse is now an in-game bet.
The payoff amount adjusts according to how the match or matches are proceeding, and obviously, players pay a premium for the reduction of risk. Still, the Cash Out system is nothing short of revolutionary, since players can hedge against last-second losses or the weakest leg of a parlay.
Teaser+ is not quite that much of a paradigm shift. However, players who were considering dipping their toes into the world of parlays should welcome the addition.
The result of Kambi’s innovation is a more intuitive and customized teaser system. Ultimately, it’s a win for both sportsbook and player.