Betway Sportsbook NJ Review
- Incredible assortment of betting markets
- Sleek, easy-to-use online sportsbook
- Numerous betting features
Betway is an international betting brand, now live in New Jersey with a fantastic welcome bonus for new users! Betway was launched in 2006 and is the most prominent project of Betway Group, its parent company. The group owns premises in Guernsey and Malta and has offices in Cape Town, London, and the Isle of Man. Aside from launching in New Jersey in 2021, Betway also has sportsbooks running in Pennsylvania, Colorado, Indiana, and Iowa.
Betway holds licenses from the Malta Gaming Authority and the UK Gambling Commission, both highly trusted regulatory bodies. Overall, Betway NJ Sportsbook has proven itself to be one of the best sports betting sites in New Jersey.
Betway Welcome Bonus
Once you sign up for a new account, you can take advantage of the Betway NJ promo. The first wager you place is insured up to $250. Just create an account, deposit a minimum of $10, and place your first wager. Almost the same algorithm works in the Draftkings NJ Sportsbook and other popular casino platforms.
| Betway NJ Promo | |
|---|---|
| NJ Betway Sign-Up Bonus | $250 Second Chance Bet |
| Minimum Deposit | $10 |
| Maximum Bonus Amount | $250 |
| Wagering Requirement | 1x |
| Eligibility Period | The player’s first bet must settle within seven days after signing up. |
Bonus Terms
As mentioned, the Betway bonus provides guaranteed insurance for new customers opting into the promotion and placing their first wager of at least $10. If the bet loses, Betway will reimburse the user with a bonus bet of equal value worth up to $250. For instance, if a new user places a bet worth $45 after creating their account and loses, the platform will refund them with a $45 bonus bet.
Although the Betway NJ bonus is quite straightforward, it does come with some terms and conditions users must be wary of:
- This promotion only applies to new players. Existing players are not eligible
- The initial deposit to obtain this bonus must be $10 or more
- Bettors must be in the Garden State’s premises and be of legal age (21)
- To qualify for this, the odds of your first wager must be -330 or greater
- The bet from the bonus must settle within the first 7 days of sign-up
- The value of the bet is not transferred to your winnings
- Other terms and conditions apply
Other Promotions at Betway Sportsbook NJ
Unfortunately, there is no Betway NJ no deposit bonus available on the platform. Furthermore, players can only take advantage of the platform’s welcome bonus after signing up.
How to Sign Up and Claim the Betway NJ Bonus
Signing up for the Betway sportsbook is straightforward and is no different from a similar process in Bet365 NJ Sportsbook and other similar sites. Follow the guide below, and you could be playing your favorite casino games within minutes:
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Step 1
Begin by loading up the Betway NJ sportsbook site on your browser or downloading the application on your mobile device
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Step 2
Select the “Sign Up” button in the top-right corner to start your registration
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Step 3
Enter your email and choose a username and a safe password
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Step 4
Enter the required personal information, including your name, DOB, and contact number, and choose and answer a security question
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Step 5
You will also be asked to enter the final four digits of your SSN (Social Security Number) and address. Regulated sportsbooks are required by Federal law to collect the final four digits of customers’ SSNs for tax and ID verification purposes
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Step 6
Confirm your age, which should be 21 or over, and accept all the terms to register your account
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Step 7
Head to your account’s cashier section and choose “Deposit.” Choose your favored payment method and enter your deposit amount. After that, follow the directions to complete your deposit
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Step 8
If you have a promo code, enter it. If you do not, continue signing up and opt-in to obtain your welcome promotion
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Step 9
Head to Betway’s sports section to choose from numerous betting markets. Start placing your bets
Overall, the sign-up process with Betway NJ is fairly quick, and should only take you a few minutes to load up the site, deposit funds, and place your first Betway wager.
Account Verification
After signing up and attempting a cashout for the first time, the Betway NJ Sportsbook will prompt you to verify your user account. You must email them or provide identification documents on the Betway site. Below are some of the documents you must submit:
- Photo ID, e.g., your government-issued ID card, driver’s license, or passport
- Proof of residence, e.g., a utility bill
- Proof of ownership of your chosen payment method, e.g., a picture of your bank statement
Deposit and Withdrawal Methods
Although the available range of banking options at Betway New Jersey may not be the most extensive, you can expect to find all your favorite options. Below are the available banking methods on the platform:
| Banking Option | Minimum Deposit Requirement | Minimum Withdrawal Requirement | Deposit Processing Time | Withdrawal Time |
|---|---|---|---|---|
| Mastercard | $10 | – | Instant | – |
| Visa | $10 | – | Instant | – |
| Play+ | $10 | $10 | Instant | 2 to 3 days |
| ACH | $10 | $10 | Instant | 2 to 7 days |
| PayPal | $10 | $10 | Instant | 2 to 3 days |
| PayWithMyBank | $10 | – | Instant | – |
| PayNearMe | $10 | – | Instant | – |
| Casino Cage Cashier | $10 | $10 | Instant | 2 to 5 hours |
Types of Bets
NJ Betway is home to numerous bet types, with options to suit various types of betting preferences among customers. This rather extensive selection of bet types is comparable to other great sportsbook sites in New Jersey, such as DraftKings NJ Sportsbook. The most popular types of bets at Betway include the ones below:
Moneyline Bets
A moneyline bet is the simplest form of betting where you determine which sports team will win a particular game or event. These are most popular in sports like baseball, soccer, and hockey. Betway New Jersey provides an abundance of moneyline bets on semi-pro, professional, and college sports.
Parlay Bets
A parlay bet combines multiple individual bets into one larger bet, known as a parlay. All the individual bets must be successful for this bet type to win. Parlay bets offer the opportunity for bigger payouts, provided all the selected bets win.
Total Bets
A total bet also called an over/under, is a wager placed on the combined score of both teams in a sports event. This involves the bettor predicting whether the total score will be over or under a specified number established by Betway.
Team Prop Bets
The team prop bets offered at Betway allows players to bet on specific outcomes or performances of a team in a sports event, such as the first score, the most passing yards, or the total number of goals.
Player Prop Bets
Similar to a team prop bet, a player prop bet focuses on a player’s individual performance in a game. This includes betting on the number of points obtained, any assists made, or rebounds.
Live Betting
Live betting refers to placing bets on sporting events that are being played out. This type of bet allows bettors to adjust their wagers depending on the current score or other factors such as weather conditions or injuries. The odds may also change quite rapidly depending on the progression of the sports event.
Point Spread Bets
Point spreads, also available at Betway, involve betting on the winning margin for a sports team in an event. The odds for each participating team are displayed, with the favored team having a negative number and the underdog having a positive number. The favored team in this bet must win by more than the established points, and the underdog must lose in the game by less than the established points or simply win outright.
Futures Bets
A futures bet involves betting on the outcome that will be determined at a later date. Betting on which team would win the Superbowl at the start of the season would be an example of such a bet. The earlier you can place these bets, the higher the odds will be since there are so many variables that could contribute to a side winning a championship or tournament.
Local Teams to Bet On
If you are a fan of betting on local sports teams, consider yourself lucky. Betway Sportsbook NJ provides numerous betting opportunities on local teams. Below are some of the top home teams to bet on:
New York Red Bulls: The Red Bulls are a professional soccer club based in Harrison, New Jersey. They compete in MLS (Major League Soccer) and happen to be one of the founding members of the league.
New York Jets: The New York Jets were founded in 1959 as the Titans of New York and joined the AFL (American Football League). The football team later joined the NFL following the AFL and NFL merger in 1970. The team plays their home games at MetLife Stadium, which they share with the New York Giants.
New Jersey Devils: Founded in 1974, the New Jersey Devils are a professional ice hockey team from Newark, New Jersey. The Devils compete in the NHL (National Hockey League) as members of the Metropolitan Division in the Eastern Conference. The team plays its home games at the Prudential Center.
New York Knicks: Founded in 1946, the New York Knicks (short for Knickerbockers) are a professional basketball team from New York City. The team plays in the Atlantic Division of the Easter Conference in the NBA (National Football Association).
Mobile Compatibility
The Betway NJ Sportsbook has a dedicated mobile application available for both Android and iOS devices; the application brings all the desktop version features to your fingertips. The website also offers a download link to the app via its navigation menu. Below is how you can download and use the Betway app:
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Step 1
iOS Users
Visit the iOS App Store and follow the prompts to download and install the application.
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Step 2
Android Users
Visit the Betway NJ website and use the link offered to download the app. Based on Google Play Store policies, gambling applications cannot be downloaded from the Play Store itself.
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Step 3
Sign-In/Register
Open the application and sign in with your account details. If you are a new user, sign up for a new account directly within the application.
Betway Retail Sportsbook in NJ
The brand does not operate retail sports betting in New Jersey. If you are looking to use the platform to bet on sports, you must sign up and place wagers online. Moreover, you will need to be within the Garden State state lines and aged 21 or above to place bets on either the sportsbook site or application.
Responsible Gambling
Betway New Jersey is committed to responsible gambling, providing numerous resources and tools to help users make wise decisions while betting. The site has a dedicated responsible gambling section, providing helpful information on establishing self-control and requesting assistance.
Betway NJ provides tools such as time-outs, self-exclusion, and deposit limits, allowing users to manage their betting activities effectively. The website also partakes in Garden State’s self-exclusion program, guaranteeing that users who choose the option receive full-fledged support.
Links to helpful resources like the National Council on Problem Gambling and the Council on Compulsive Gambling of New Jersey are available on Betway’s site. Such resources offer additional guidance and support for players requiring assistance.
Regarding security, NJ Betway ensures its platform is safe and secure by employing state-of-the-art procedures such as SSL encryption to safeguard players’ financial and personal information.
The NJDGE (New Jersey Division of Gaming Enforcement) guarantees stringent protocols on all betting platforms. Betway New Jersey has successfully met these strict requirements, offering a secure environment for customers.
Betway NJ Sportsbook FAQs
Since Betway is a big player in the competitive world of sportsbooks, we receive questions regarding them very often. Below are the answers to some of those questions most frequently asked.
Is Betway Legal in New Jersey?
Yes. Betway went live in New Jersey in August 2021. Since then, it has grown to become one of the most popular sportsbooks in the Garden State.
Who owns Betway?
SGHC Limited, an NYSE-traded company, owns Betway. Betway is its flagship betting company, even though it runs various other European brands, such as Spin.
How old must I be to use Betway, NJ, legally?
You must be 21 or older to use Betway in New Jersey.
What mobile devices is Betway New Jersey available for?
The Betway mobile app is available for both Android and iOS devices.