Welcome to the exciting world of New York online sports betting!

These are the most common wager types you’ll be offered at NY’s top sports betting sites.

Moneyline Bets:

This is the most popular bet type, it is simply betting on a specific team to win. The team with the negative sign is the favorite and the team with the positive sign is the underdog. Example: New York Jets are @ -165, New York Giants @ +140: the Jets are favorites and the Giants are underdogs. In this example if you bet on the favorite, the Jets, you have to bet $165 to win $100. If you bet on the underdog, the Giants, you’ll bet $100 to win $140. Moneyline bets on solely who wins.

Point Spread Bets:

Also known as betting the spread, this bet is on who wins and by how much. It is used to even out the odds between two unevenly matched teams. The sportsbook estimates which team is expected to win and by what margin. The favorite has a negative sign and the underdog has a positive sign. Players then bet that the team expected to win will exceed the margin of victory and “beat the spread” or players will bet the underdog will lose by fewer points than the margin thus “cover the spread”. Example: Patriots vs Rams. Patriots are favorites (-5), they have to win by six points or more to beat the spread and the Rams would have to lose by four points or less to cover the spread. If a game results in the exact number e.g. in this case if the Patriots win by exactly five points it would be a ‘push’ and bettors on either side would be returned their original wager. The spread is often expressed in half points to avoid a “push”/tie.

Total Bets – Over/Under:

This is a single wager that the combined score of a game will be over or under what the sportsbook sets it at before the game. The bettor is not concerned about which team will win but is concerned on the combined number of points/goals/scores scored by the teams by the end of the game. Those who think the score will be higher than that set by the sportsbooks are “taking the over”, those who believe the score will be lower are “taking the under”. Normally expressed in half points to avoid ties.

Parlay Bets:

This is a type of wager that combines multiple individual bets into one bet. In order for the player to win, all the individual bets have to win. Despite your odds being lower to win, when you do win your payout is significantly higher. Parlays allow players to risk a small amount to win big.

Teaser/Pleaser Bets:

These are a form of parlay bets. The differences are 1) all bets within Teaser/Pleasers are Point Spread Bets or Total Bets and 2) the spread is shifted either for the bettor (Teaser) or against the bettor (Pleaser). All the lines are shifted in the same direction either for you or against you for the same amount of points. Teaser: Here lines are adjusted in the player’s favor thus the player has a better chance of winning, however this will be at a lower payout than a standard parlay. Pleaser: The line is adjusted in the opposite direction of a teaser thus the line is adjusted in the sportsbook’s favor so the player has a lower chance of winning than a regular parlay but the payout will be at a much higher rate than a standard parlay.

Prop (proposition) Bets: This is a bet on something occurring that is not necessarily directly related to the final score. It is also known as a side bet. E.g. Lebron James Assists in a game 10.5; you could bet the over or under. Tom Brady 3.5 Touchdown Passes in a game; again you could bet the over or the under. Betting on the number of fouls in either half of a game or on someone running a mile in under five minutes would also be examples of prop bets.

Futures Bets:

These are bets on an event occurring in the future. For example, you could bet on the New England Patriots to win the Superbowl at the start of the season. These are particularly popular in soccer, golf, tennis and Olympic events.

In-Play/Live Betting:

This is betting on a particular sporting event after it has started. Odds are adjusted in real time depending on score lines, various statistics e.g. possession, injuries etc. Live betting allows continuous betting throughout the duration of a sporting event. Moneyline, Spread Bets, Prop Bets, Totals can all be placed during In-Play betting.

Round Robin Bets:

This is similar to a parlay bet. A parlay is a collection of single bets combined into one bet; a round robin is a collection of parlays placed into one bet. As a result you do not have to win every bet within the round robin to win some money, there is room for some losses. However payouts will not be as high when some of the parlays within the round robin lose.

PointsBetting (Only on PointsBet):

This is a brand new type of bet offered by PointsBet only. Wagers are placed on the points a team win by rather than simply the outcome of a game. E.g. $5 placed per point the Jets win by so if for example the Jets win by 9 points you would win $45, however if the Jets lose by 5 you lose $25. Essentially the winnings or losses are magnified depending on “how right” or “how wrong” you are. Wagers can result in big wins or but big losses can also occur.

Decimal/European Odds:

These are different formats for expressing odds. The decimal odds number represents the amount a bettor wins for every dollar wagered. For the decimal odds the number represents the total payout including the original wager amount, not just the profit. Example: Decimal odds of 4.5 and you bet $1. If your team wins you get $4.50 back i.e. $3.50 profit. European odds, also known as fractional odds, are more common in European betting markets. To convert fractional to decimal, divide the top or first figure by the bottom or second figure then add 1. Example: 7/2 in fractional odds = 7 divided by 2 = 3.5 then add 1 which results in 4.5 in decimal notation.

Online sports betting is regulated by the New York State Gaming Commission. It ensures all operators are comprehensively vetted so your funds, identity and privacy are totally secure when placing wagers online.

Yes, you can bet on college sports in New York – but there are some restrictions. You cannot bet on New York teams, you cannot make prop bets on college events and you cannot bet on college sports events that take place in New York state.

You can bet online with any one of the legal sportsbooks. There were nine operators licensed under two primary bids to provide mobile sports betting in New York. New York Online Sportsbook List 2021/2022: Kambi Bid: Caesars Sportsbook PointsBet Resorts World Rush Street Interactive (BetRivers/SugarHouse) WynnBet FanDuel Bid: Bally Bet BetMGM DraftKings FanDuel

Typically there are fewer options for withdrawing and it takes longer than depositing. The most common form of withdrawal is by check, paper or eCheck. If you want to withdraw by a particular method you must first have used that same method to deposit.

There are a wide range of deposit methods for funding your sports betting account in New York. For many people the easiest option is a credit or debit card. E-Wallets such as PayPal or Skrill have become an increasingly popular choice in recent times. Prepaid cards, eChecks and online banking are also commonly available.

Credit/Debit Cards:

Most sportsbooks accept these for deposits. Options may be restricted to Visa and Mastercard. Some banks may block these transactions as they don’t allow deposits onto any type of gambling site despite the legalization of U.S. sports betting in 2018.

Electronic Wallets:

Availability is dependent on the individual app/site but established eWallets such as PayPal or Skrill are an option on some sportsbooks. You can only withdraw using eWallets if you deposited with the same method first. Deposits usually process immediately.

Bank Transfer:

Sports bettors can deposit by sending money directly from their bank accounts.

Prepaid Cards:

These are like gift cards that players can use similarly to credit/debit cards to deposit any amount up to the value of the card. You can also withdraw to the prepaid card.

PayNearMe:

Some sportsbooks offer this deposit-only method however you cannot withdraw via PayNearMe. You simply select it as your deposit option with the sportsbook, then decide on the amount you would like to deposit and the sportsbook sends you a unique barcode. You can then go to your nearest 7-Eleven/CVS/Family Dollar where the cashier will scan the barcode and you pay them the amount of the deposit. Typically, your deposit will process within 15 minutes and is then available to use on the sportsbook.

Check:

You can deposit and withdraw using electronic check (eCheck) and you can withdraw by paper check. Typically, you cannot deposit directly to a sportsbook using a regular paper check. With eChecks, after a player requests their bank to transfer money from their bank account into a sportsbook, the request is first passed through a clearing house before the funds are transferred.

No, unless you are in another legal state. State and Federal Law prohibits betting on New York online sportsbooks from outside the state. This is enforced by Geolocation Technology. You are however free to register a new account and even make deposits and withdrawals from outside New York.

Yes, once you sign up with a regulated sportsbook that is approved by the New York State Gaming Commission, it is completely safe.

New Yorkers can bet on all sports. Depending on the time of year you will find markets available for the major professional sports, college sports and other international events including but not limited to:

• NFL
• NCAA Football
• NBA
• NCAA Basketball
• NHL
• MLB
• Golf
• Nascar/Auto Racing
• Tennis
• UFC/MMA
• Boxing
• Soccer
• Rugby
• Australian Rules
• Cricket
• Table Tennis

You have to be 21 years or older to participate in sports betting in New York.

Yes, online sports betting was legalized in New York in April 2021 and went live on January 8th, 2022. Retail sports betting has been live in New York since 2019.