Last updated on March 30th, 2023
Fantasy Betting in New Jersey
Due to the increasing popularity of sports betting in recent years, fantasy betting has now also started to take a keen hold with bettors in the state of New Jersey. It’s not too surprising either, as fantasy sports have been a big part of sports fans’ lives in the US for quite some time now. Being actually able to bet on fantasy sports is still relatively new in the US, but as always it’s New Jersey that’s leading the way. The state has the largest selection of online sportsbook operators that offer fantasy odds and markets to bet on. But if you’re new to fantasy betting, you may be wondering where to start. That’s why our experts have reviewed the sportsbooks in the state to tell you the best places to bet on fantasy, how to bet on it and more. Read on to find out everything you need to know about fantasy betting.
Top Sports Bookmakers for Betting Fantasy
When it comes to New Jersey’s top sportsbook operators, not many of them offer markets on daily fantasy sports (DFS). However, the two most notable ones that do are:
- FanDuel Fantasy – great offers including chances for free entry to real money contests.
Either of these are a great option if you’re looking to get involved in fantasy sports betting in the Garden State. If you’re looking for something different, the great news is that you’ll also find some DFS-specific betting websites out there. Some of the other DFS websites for fantasy betting that you’ll find are as follows:
- Monkey Knife Fight – easy to navigate website boasting lots of player prop bets.
- Parlay Play – the top site for parlay betting in DFS in the state.
- Owners Box – easy enter contest with span week, rather than a day.
- Outlast – a slick mobile app experience that allows you to create your own contests.
How to Bet in Fantasy
If you’ve seen enough and you’re ready to jump head first into some fantasy betting, then we’ll tell you exactly how to do that below:
- Sign up to the fantasy betting website of your choice
- Make a real money deposit into your account
- Assemble your fantasy sports team
- Enter a fantasy contest (daily or weekly)
- Sit back and enjoy the sporting action in the hope you can win some big returns!
It really is as simple as that. Be sure to shop around when choosing your fantasy sports betting site however, as some will have welcome offers that are better than others. Look out for offers that provide bonus cash for a deposit, or free entry into a real money contest.
Which Markets to Bet in Fantasy in New Jersey
Unlike traditional sports betting, fantasy betting doesn’t offer the opportunity to wager on specific markets with odds attached to them. The concept is based more on traditional fantasy sport participation in which you pick your line-up and pay an entry free for a contest. In this contest, you could be coming up against one, or even thousands of other players. The aim is to simply score more points than anyone else and top the table, which will result in a massive payout for you. So rather than betting against the sportsbook as you do with traditional sports betting, fantasy betting allows you the chance to play against other players. This of course means that the provider will take their share of the profits if you’re lucky enough to make a decent profit from fantasy sports. But considering there’s a vig in sports betting too, this is probably one of the few similarities.
Markets to Bet Fantasy around the World
Wherever you are in the world, the same rules apply with regards to betting markets in fantasy sports. However, there are certain sports betting markets that can be used to help you build your fantasy team. Before building your line up, we suggest you check out the following markets for your chosen sport:
- Straight up odds – the chances of each team to win a particular contest can be a great way to decide which players you should choose. For instance, you might want to select the quarterback and wide receiver of a team who is a strong favourite to win an NFL match up.
- Spread betting – in sports betting, the spread is used as a way of getting better odds on a heavy favourite to win a specified margin set by the bookmaker. If you see a large spread, this suggests the favourite team’s attacking players are likely to have a good day.
- Totals (Over/Under) – taking a look at the totals market can be another indicator of how the sportsbook feels the game is going to go. If the total points offered is big, it suggests that both attacking sides might have good scoring chances.
Glossary in Betting on Fantasy
If you’re new to fantasy betting, you may see or hear some terms that you’re not particularly familiar with. That’s why our experts have compiled this list of common terms and their meaning to help you become a fantasy sports pro.
- +EV – the positive expected value. A situation in which you expect to see a profit on your investment.
- 50/50 – a type of fantasy league in which the top half of the league table receive a payout and bottom half lose their entry fee.
- $/Point – dollars per point. The amount of dollars you must spend (in cap space) for every point that a player is expected to score. A low $/point is desirable.
- Bankroll – the amount of money that you have at your disposal.
- Bearish – a player or team with whom you don’t have much confidence in and are likely to leave out of your line-up.
- Buy-in – the amount of money required to join a contest.
- Cash Game – as the name suggests, a game that pays out in cash (generally to the top ⅓ of entrants).
- Ceiling – the maximum number of points that a player or team can score.
- Chalk – players who are highly valuable and likely to be owned by a high number of players.
- Commission – the fee charged by the provider of the fantasy league.
- DFS – an acronym for daily fantasy sports.
- Donkey – a derogatory word for someone who is a bad DFS player, or someone who is -EV.
- Exposure – the amount of money that you have invested in a player.
- Fade – to avoid a particular player, game or team.
- Floor – the minimum number of points a player, team or line-up can score. The opposite of “ceiling”.
- Freeroll – a daily fantasy league that is free to enter but has real cash prizes.
- GOAT – an acronym for the greatest of all time.
- GPP – an acronym for guaranteed prize pool. The amount that is guaranteed to be won, regardless of how many entries there are.
- Hedge – actions taken to reduce the chances of losing money.
- High-Low – a strategy involving choosing high profile, elite players and mixing them with low performing, bargain price players.
- Late Swap – an option available on DraftKings that allows you to edit your line-up after games have started. You can swap out players whose games have not yet begun.
- Lock – a player, team, line-up that you just must play.
- Multiplier – a league in which you multiply your entry fee by a certain factor.
- Narrative – the widely accepted explanation for certain scenarios in a game.
- Nuts – the best possible line-up. Would be described as “the nuts”.
- Overlay – when a fantasy betting operator loses money on their GPP offering for a league.
- Pivot – to change out a player that you had in your line-up.
- Player Prop – a Vegas line that projects a particular stat for an individual player.
- Punt – a colloquial term for a bet or gamble of any sort, even in a fantasy line-up.
- Qualifier – a league in which players don’t win cash, but rather a free entry ticket to a league that does have cash prizes.
- Reach – to select a player that doesn’t provide great value could be perceived to be a reach.
- ROI - an acronym for return on investment. A key indicator that you should monitor in all forms of gambling.
- Shark – a particularly good DFS player.
- Splits – a player or team’s stats segmented into different categories.
- Stacking – to select multiple players from the same team, usually the favourite to comfortably win a game.
- Tilt/Tilting – to become stressed or anxious about the outcome of a game that can often impair ability to choose a line-up effectively.
- Train – entering the same line-up into more than one league at the same time. Comes at a high risk, but potential for high rewards also.
- Whale – a high volume fantasy betting player, regardless of their profit/loss margins.