Bet on College Basketball Games Online in New Jersey

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College sports present some of the most fun games to bet on. They are much more volatile than the pros, making them more exciting. While that makes it more challenging to win consistently, hitting the jackpot is more plausible. 

In the United States, NCAA basketball rivals the NBA in popularity. March Madness is one of the biggest sporting events in North America, drawing millions of viewers every year.

With that in mind, it is no surprise to hear that NCAA Basketball is one of the most popular sports to bet on in North America. With online sports gambling now legal in New Jersey, residents can bet on their favorite teams throughout the season. Regardless of the game, you can make a parlay, Moneyline, over-under, or point total bet. 

When Did Online Sports Betting Become Legal in New Jersey?

Online sports betting is not legal in all corners of the United States. Several states still outlaw online sports betting and gambling in general. Fortunately, New Jersey is not one of those states. New Jersey legalized sports betting in June 2018, and online sports betting was legal by July. 

Residents of New Jersey can now bet on their favorite college basketball team however they want. Smartphones, tablets, and computers are all authorized for sports betting in New Jersey.

However, for a sportsbook to have an online presence, it must have a physical partner location within the state. So, while you might be able to access some online sportsbooks, you will not be able to register for an account at all of them. Fortunately, there are several fantastic options for online sportsbooks in New Jersey, so you should not experience any problems.

What Are the Best Online Sportsbooks for College Basketball Betting in New Jersey?

There are dozens of sportsbooks available for residents of New Jersey to use. However, they are not all equal in quality and it is crucial to figure out which options are best for your style of play. Here we will look at a few of the top online sportsbooks in New Jersey.

DraftKings Sportsbook

The first sportsbook we want to look at is one you are probably familiar with, DraftKings Sportsbook. DraftKings is arguably the most recognizable brand in the online gaming industry. Notably, they have established an impressive foothold in sports betting in the United States. No sports betting site gets more traffic than DraftKings Sportsbook.

Fortunately, they did not get their massive user base by building their brand before everyone else. Instead, they established themselves as a goliath by building a service that works well for everyone. The site and app have great designs and provide some of the best odds and lines in the industry. 

Another thing to consider is the fact that DraftKings offers a brilliant welcome bonus to new players. All new players will receive $50 in free bets upon making their first deposit. Additionally, their first deposit will be matched up to a maximum of $1000. So, your first deposit at DraftKings Sportsbook could earn you up to $1050.

However, the bonus does not come without its restrictions. When you receive your bonus funds, you are agreeing to meet the 25x wagering requirements. That means you must wager 25 times the value of the bonus you receive. If you do not meet the requirements, you will be unable to withdraw any winnings you receive. Wagering requirements must be met within 30 days of claiming the offer, or your winnings will expire. 

We understand that wagering requirements do not sound appealing, but they are unavoidable. They are attached to almost all bonuses on all sports betting websites. So, you will not escape them by finding a different site or app. You are better off using the top sports betting sites because you will need to deal with wagering requirements regardless.

Caesars Sportsbook

Caesars Sportsbook is one of the few brands that could rival DraftKings. They are famous for their location in Las Vegas, but they have several casinos around the United States. In recent years they have established an impressive online presence. So, if you want to bet on college basketball, you can use Caesars Sportsbook. It provides fantastic odds and makes it easy for users to place bets.

Furthermore, they have a fantastic welcome offer for new users to claim. When users make their first deposit of $10 or more, they will receive a 100% match deposit bonus of up to $1250. To claim this offer, you must use the promo code CZRFULL. 

Additionally, regardless of whether you win or lose, you will receive 1000 reward credits and 1000 tier credits. So, even if you lose, you will make progress toward new rewards. Credits will be added to your account within seven days of your deposit.

BetMGM Sportsbook

The next brand we want to look at is BetMGM Sportsbook. If you are familiar with the sports betting landscape, you have probably heard of them. They are known for the MGM Grand in Las Vegas, but also have a tremendous online presence. You cannot go wrong using their website or app to place your NCAA basketball bets.

If you are sold on BetMGM as an online sportsbook, you can register an account, deposit, and claim the welcome bonus. After making your first deposit, you will receive $50 in free bets. 

Additionally, BetMGM will match your first deposit up to a maximum of $1000. So, like with DraftKings, you can earn up to $1050 in free bets with your first deposit. To claim this offer, you must use the bonus code PLAYBONUS50 when you make your deposit.

BetRivers Sportsbook

BetRivers Sportsbook does not have the brand recognition of other top sportsbooks like DraftKings, Caesars, and BetMGM. However, they provide a service that is equal to those of other sportsbooks. You can easily register an account and start playing if you are a resident of New Jersey.

New users are encouraged to use the promo code SPORTS at checkout. If you do, you will earn up to $500 in free bets depending on the size of your first deposit. These funds cannot be withdrawn and must only be used for sports bets. Your free bet funds expire after 14 days. However, they are subject to some of the lowest wagering requirements in the industry as they are currently only set at 1x. 

FanDuel Sportsbook

The last online sportsbook we want to look at is FanDuel Sportsbook. FanDuel is a brand you are likely familiar with if you participate in fantasy sports. They have established a strong online presence for fantasy sports of all types, including basketball. However, if you only want to make bets on college basketball, you can do that as well. 

When you register your account with FanDuel, you will be able to immediately start making deposits. You can then make your first bet without much risk because FanDuel offers up to $1000 back in free bets to users who lose their first bet. The funds you receive as part of this bonus must be wagered on the site to earn withdrawable winnings. They expire after 14 days.

What Types of College Basketball Bets Can You Make Online?

Now that you know where you can make your bets, you need to know what types of bets you are eligible to make. Fortunately, all bets you can make in person are available online in New Jersey. Most online sportsbooks, including the five listed above, support all types of online sports betting. Here are the bet types you will use the most.

Moneylines

If you are new to sports betting, when you think of placing bets on college basketball games you are probably thinking of money lines. Moneylines are bets made on who will win a game. 

Every game is given odds by every sportsbook. One team is the favorite, and the other is the underdog. The amount of money you receive for winning the bet varies based on which team you bet on. Winning a bet by betting on the favorite will earn you less money than betting on the underdog. 

Each game has different odds, but they are written the same way. The favorite has minus odds, for example, -150. If you bet $150 on a team with -150 odds, you will win $100 if they win. Conversely, the underdog receives plus odds, for example, +150. If you bet $100 on a team with +150 odds, you will receive $150.

Spreads

Basketball, and college basketball specifically, is fun to bet on because of how volatile the games can be. Betting the spread allows you to put your knowledge to the test by betting on how big the spread of points will be. 

In addition to a Moneyline, sportsbooks will have a line displaying the number of points they think the favorite will win by. 

For example, DraftKings could have the favorite winning by 7.5 points, this means the spread would be -7.5 for the favorite and +7.5 for the underdog. 

If you bet the favorite and they win by more than 7.5 points, you will win. Conversely, if you bet on the underdog and they lose by less than 7.5 points or win, you will win your bet. Odds are usually even on each side of the spread. 

Point Totals

Betting the point totals in college basketball is the same as better the over-under in a football or hockey game. Sportsbooks in New Jersey set the total number of points they expect the teams to score combined. You can choose to bet over that number or under it. The odds will be the same on both sides of the bet.

Futures

Future bets are long-term bets usually made on divisional and national championships. For example, you can bet on the winner of the next March Madness as soon as the last one concludes. The odds change throughout the year, so it is smart to find a time when the odds are best for you.

Prop Bets

Prop bets are simple to understand. They are bets you can make on the stats a player will record in the game. A line will be set on the number of points, rebounds, assists, blocks, and steals a player will have. You can bet on any of these stats in any game.

Parlays

Another type of betting you can participate in is parlay betting. Hitting massive jackpots is challenging in sports betting because the extreme odds rarely hit. Sure, you could bet on the 64th seed to win March Madness, but that has never happened and is unlikely to ever happen. Your best path to winning a massive jackpot is to make parlay bets.

Parlay bets are when you combine several bets into one large wager. So, you might bet on five different teams with +500 odds. Individually, you would receive a decent payout if they each hit, but nothing mind-blowing. However, if you add them into a parlay and they all hit, you will receive an exponentially higher payout. 

With that in mind, it is crucial to remember that you are taking on more risk in parlay bets. It does not matter if you were right about four of your bets if one of them misses. If only one wager misses, you lose the entire parlay.

Live Betting

The last type of betting we want to discuss is live betting. These types of bets are made as games take place. The Moneyline, spread, and other bets stay live while games take place, but the odds change. So, if a favorite falls behind early, you will get better odds betting on them. If you are dedicated to sports betting and college basketball, you can find an edge in live betting.

Final Thoughts

NCAA basketball is almost as popular as the NBA and March Madness is one of the biggest sporting events of the year. These two factors make betting on college basketball very appealing. Fortunately, if you live in New Jersey, there are several excellent websites and apps for college basketball betting.