• DraftKings is the market leader in New Jersey• DFS players can easily connect their accounts• DraftKings lets you cash out a bet before the outcome is known
• DraftKings is a relative newcomer to real money sports betting• The VIP rewards scheme is not very generous to recreational bettors
Why You Should Bet At DraftKings
DraftKings was the first online sportsbook to open in New Jersey. Because it is new it has brand new software so sports fans get the absolute latest technology from a company that is determined to keep its customers happy.
DraftKings is partnered with the Resorts Casino where it also operates a live sportsbook. The company is best known for its Daily Fantasy Sports competitions which are legal in over 40 states. DraftKings is a standalone company, funded by private equity investors, so it is not quoted on any stock exchange.
DraftKings has signed a deal with Caesars Entertainment and will offer online sports betting in partnership with Caesars in all states where it is legal to do so. In other states where DraftKings operates Daily Fantasy sports it will promote Caesars’ casinos.
• The initial bonus offered to customers rates as Very Good.• The odds offered are now competitive, but can be inconsistent. Some games can be priced higher than their competitors, but across the board, prices are fair.• The range of bet types and games is impressive, and DraftKings has a few innovative features not offered in elsewhere.
DraftKings Promo Code and Welcome Bonus
New players who sign up at DraftKings get $25 free simply for opening an account. The $25 is split into $5 increments amounting to five free bets of $5 each.
Whatever cash you decide to deposit qualifies for a matching bonus of up to $500. For example, if you deposit $100, DraftKings gives you a $100 extra as a bonus.
To get the bonus use the promo code EPxxxx when you sign up for your account.
DraftKings Sports Bet Types
Moneyline wagers are the simplest form of sports bet so they are ideal for beginners. A moneyline bet is a bet on which team or player will win a game.
The odds are different for each team, so a bet on the favorite will win less money than a bet on the underdog.
Futures are bets on an event that takes place some time away. They are often bets on the outcome of a season, such as a bet on the league winners. Other Futures bets available are bets on which teams might make the Super Bowl, or which players will make the final of the Wimbledon tennis championships.
Spread bets are based on teams or players being given a handicap. The spread is expressed in the form of points above or below the line where the line is the expected final score in a game.
One team is given points over the line and the other team has the same number of points below the line. A spread bet is won when a team covers the spread, that is it wins by the number of points above the line, or if betting on their opponents, when they lose by less than the number of points under the line.
Over-Under bets are predictions that the final score in a game will be either over or under a specified number. There are variations, but the simplest form is based on the final score of the game.
Parlay bets combine three or more simpler bets. Payouts are larger than those for single games because every leg of a parlay has to be forecast correctly otherwise the whole bet is lost.
A simple parlay bet would be to bet on five matches taking place on a single day. A moneyline parlay bet needs the bettor to get the winning team correct in all five before the bet pays out.
Small wagers can produce very big wins, but the odds of winning are much smaller. Parlay bets can be a lot of fun, especially when the first few legs have gone your way and only one or two predictions remain before you know whether you’ve won.
Round Robin bets are a way of tying several parlay bets together. Bettors choose a list of normally between 3 and 8 teams with 2 to 6 tied together in a parlay. For example, an 8 line bet includes 8 teams and if you choose to tie 3 together, then you are betting on every combination of parlays between every three teams, a total of 56 separate parlay bets.
In-game betting describes bets made after a game has started. It is also called live betting or in-play betting. In-game betting allows you to wager on which team will win even after a game has started, or you can bet on other events that might happen during the game.
In-game betting has become the most popular form of sports betting and operators are continually adding new options. Typical bets would be on the score at the end of the next quarter, or on which player will score next, or even whether the game will go into extra time.
DraftKings allows players to cash out some bets after they are placed. The option to cash out allows you to reduce your risk if the match isn’t going as well as you had hoped. Conversely cash out enables you to withdraw a portion of winnings early to protect your bet from things going wrong later in the game.
DraftKings Range of Sports
DraftKings allows players to bet on the following sports; all the major league games from the NHL, MBA, MLB and NHL are offered:
• Baseball• Basketball• Boxing• Cricket• Cycling• Darts• Football• Golf• Hockey• MMA• Motorsports• Rugby Union• Soccer• Tennis
DraftKings software is developed in partnership with Kambi. Kambi was founded as part of European operator Unibet, then spun off as a separate company. Kambi also provides software for many other operators in the US market.
The DraftKings sportsbook is available for Apple iPhone and iPad and Android devices.
DraftKings doesn’t require you to download any software if you play through your web browser, everything can be done online.
DraftKings VIP Rewards
The DraftKing rewards scheme is one of the weakest parts of the sports betting offer.
Even the first tier of rewards only comes after wagering a comparatively large amount of money. Larger rewards are possible, but are only likely to go to high rollers making large wagers or to high volume sports bettors.
This is compensated for partly by a regular flow of special offers and bonuses together with in-game prizes, but even so recreational sports bettors will not gain much from the VIP scheme.
DraftKings Deposit Options
DraftKings began with limited deposit options but it is adding more as the sportsbook continues to grow. Available at the moment are:
• PayPal• Credit/Debit Card• Bank transfer• Play+ Prepaid
DraftKings Withdrawal Options
Not all deposit options can be reversed. When you want to withdraw your money from DraftKings you must do so using one of these options:
• PayPal• Bank transfer• Cash at Cage (Resorts Casino)
DraftKings is regulated in the State of New Jersey by:
New Jersey Division of Gaming Enforcement
1300 Atlantic Avenue, Atlantic City, NJ 08401
or 140 East Front Street, P.O. Box 047, Trenton, NJ 08625