Bet365 has added three exciting features for users in New Jersey; a way to edit a bet, an auto cash-out feature, and a partial cash-out feature.
The UK-based Bet365 made its US debut through the New Jersey sports betting market last August, partnering with the Hard Rock Atlantic City. The Bet365 online sports betting and gaming company is one of the best-known brands in the world.
This past May, Bet365 announced a deal with Century Casinos to get a foothold in the burgeoning Colorado sports betting market.
In New York State, Bet365 has partnered with Empire Resorts, which owns the Monticello Raceway in the Catskill Mountains, 90 miles north of New York City. There, Bet365 operates a retail sportsbook. Currently, online sports betting is not legal in the state of New York.
What we cover
Edit Bet Feature
The Edit Bet feature gives bettors a way to add, remove or swap selections as well as increasing the risk on unsettled bets both with pre-game and in-play bets. Bettors can also change their bet type to any relevant parlay option, or between Each Way or Win Only if available.
For example, a bettor can turn an unsettled 2-Team Parlay into three 3-Play Parlay.
The Edit Bet option comes up when Cash Out is available for all unsettled selections within a bet and when the outcome of the wager has not been decided. Even when several selections within a parlay have already been determined, there is still the option to use Edit Bet.
Auto Cash Out Feature
This feature allows a bettor to submit a request to automatically Cash Out a wager entirely when the Cash Out amount reaches the chosen amount. When the Cash Out value reaches or exceeds the set amount, the wager will automatically be settled and the funds added to the player’s balance.
Partial Cash Out Feature
The Partial Cash Out option allows a bettor to get part of their winnings, while also leaving part of the risk in place. For example, if a bettor places a wager of $100 and the player wants to partially cash out $50 of the bet, this feature allows a $50 cash out, while leaving the remaining $50 to run on the original wager.
A bettor can also partially cash out their remaining risk more than once, up to 10x for straight bets and 5x for parlays. Thus, from the above example, the remaining $50 can partially cash out another $20, leaving $30 to run on the wager.
Bet365 is not the Only British Bookie on US Soil
Ever since the US Supreme Court struck down PASPA, opening the door for nationwide sports betting, bookies from across the pond have been betting on the burgeoning US market.
William Hill, the venerable British sportsbook, was the first to enter the US market in Nevada, where it has a 29% market share. William Hill U.S. operates the retail sportsbooks at Caesars properties nationwide; Caesars has more than 50 properties spanning 24 states.
Ten years after the Smarkets sports betting exchange went live in the UK, the SBK sportsbook app, powered by Smarkets betting exchange, made its debut in Colorado. The British sports betting exchange partnered with Full House Resorts to make its first entrance into the US market.
The SBK mobile sportsbook provides Colorado sports bettors with odds from the Smarkets exchange and has an intuitive interface that includes a community network for its users.
While UK-based Bet365 is the market leader in much of Asia and Europe, it currently only has 2% of the market share in New Jersey.
Some question whether Bet365 appeals to American sports bettors, since it is heavily focused on in-play betting and offers an extremely broad range of markets. Most US sports bettors are new to sports betting and prefer to place their bets before the game. However, as bettors in New Jersey and Colorado get the hang of all the various forms of wagers, Bet365 could gain traction.
Are you a New Jersey resident interested in playing online in our state and taking advantage of the best offers? Check out our curated list of NJ casinos, NJ sportsbooks and online bonuses. And if you are a poker player, please check our list of Best Poker Sites in New Jersey.
