Sports betting, like all forms of real money gambling, carries some degree of risk. But what you might not have realized is that the NJ online sportsbooks also frequently offer free bets, and you do not need to be a big bettor to qualify.
These offers are great because if you win, you get paid in real money. But if you lose, they don’t cost you a cent!
Now that the NFL playoffs are in full swing, along with both college and pro basketball, there is no shortage of sports betting action on NJ gambling websites. However, if you are making point spread bets, you will have to do better than 50 percent to show a profit. That’s because the house typically collects an extra 10 percent on each losing bet.
Here, to get you started, are four special offers for free bets that are available right now at Borgata, BetMGM, and DraftKings Sportsbooks.
Free Bet offer at Borgata Online Casino & Sports
Basketball Star Bet & Get – Now through 1/17/21
How to participate in the Borgata Online Bet & Get offer
- Log into your Borgata Online Casino using THIS LINK.
- Opt-in to the Basketball Star Bet & Get promotion.
- Place a $20 bet on the new online slot game Basketball Star.
- Your free bet of $10 will be automatically credited to your account immediately. You then have up to seven days to log into your Borgata sports account the same way you logged into your casino account and use your credit to place a single $10 sports bet.
If you win, you will receive only your winnings, not the amount of the bet.
Free Bet offers at BetMGM Online Sportsbook
Who will score first? – Now through 1/24/21
You can claim this offer once for any Saturday NFL playoff game and once for any Sunday playoff game.
How to participate in the BetMGM Who will score first? promotion
Any registered BetMGM Sports account holder can participate in this promotion. Here’s what you need to do to get started.
- Log in to your BetMGM Sports account and opt-in to the Risk-Free Bet up to $20.
- Pick the game you want to bet on and place a wager on the player you think will score that game’s first touchdown.
- If you lose your bet, you will receive the full amount back up to $20 in the form of a free bet.
Keep in mind that you can take advantage of this offer a total of two times: once for one remaining Saturday NFL playoff game of your choosing and once for one remaining Sunday NFL playoff game of your choosing.
Qualifying wagers for Saturday games can be placed anytime from 12 a.m. on Friday to kickoff time on Saturday. Qualifying wagers for Sunday games can be placed starting right after the last Saturday NFL game kicks off to kickoff time on Sunday.
If your qualifying prop bet wins, as soon as the game is over, you will be paid accordingly. However, if it loses, you will receive a credit to your account within 24 hours for the full amount up to $20 in the form of a free bet.
Free bets can only be used for sports wagering, and any unused portion will be forfeited. They cannot be redeemed for cash or used for casino or poker games. If you win your free bet, you will receive your winnings but not the cost of the bet.
Join the Money Monday Club and get $10 Free Bets every week! – Valid through 12/31/21
This offer is available to New Jersey players with an online BetMGM Sports account who have opted into the Money Monday Club. Each week that you place real money sports bets amounting to $50 or more, you get a $10 free bet.
How to participate in the Money Monday Club weekly $10 Free Bet promotion
Qualifying for this yearlong offer that keeps on giving is easy. Here’s what you need to do.
- Log in to your BetMGM Sports account online or with the BetMGM Sports NJ mobile app.
- Opt-in to the Money Monday promotion if you haven’t already. As soon as you do this once, you don’t have to do it again. You’re good to go for the entire year.
- Wager a total of at least $50 on qualifying sports bets during the course of the week (Monday – Sunday).
- Win or lose, within 24 hours of the end of the week, you will receive a $10 free bet to use on any game taking place in the next seven days.
Free bets can only be used for sports wagering, and any portion thereof not wagered within the allotted seven days will be forfeited. Free bets cannot be redeemed for cash or used for casino play or poker.
DraftKings Sportsbook Refer A Friend promotion – Now through 1/26/21
One feature that makes all of the special offers described in this article standouts is that they are highly affordable. However, the three special offers I have told you about so far all require some real money wagering before you receive your free bet.
Does that sound too good to be true? Don’t question it. If you’re a registered DraftKings player, simply round up one or more friends whom you are certain will say yes when you invite them to join, and DraftKings will take it from there. But hurry because at 10 a.m. on Jan. 26, the offer expires.
Refer a friend, and you will both get free bets up to $100!
The new referral must be completely new to DraftKings. When he or she makes an initial deposit of at least $25, you will both receive a free bet. The amount of the free bet depends on the size of the deposit, as follows:
Better yet, do you know five people who might be interested in joining? Refer all of them! It could be worth $500 in free bets to you–just in time for the Super Bowl!