This is the only parimutuel betting site that operates in New Jersey; if you are unfamiliar with the term, it means that unlike a fixed odds bet -- all the bets placed on a race go into a pool and the final payout is not decided until the pool is closed and is split among the winners of the event.
It is run by TVG, who in turn are owned by the massive Betfair US, so don't be surprised to see the occasional Betfair references around the site. If you've used the main TVG site, it will look and act in the same manner. This , however, is exclusively for the use of the residents of New Jersey.
As the payouts are determined by the amount that each runner in a race is backed by punters as opposed to the house; it very often means that favorites for a race are lower than fixed odds, but on the other end of the scale long odds winners will have higher payouts. The site is operated under license from the New Jersey Racing Commission and is operated by Betfair.
4NJBets Welcome Bonus
New customers to 4NJBETs will receive a 100% welcome bonus, up to a maximum of $100. This means that your first deposit with them will be matched: Deposit $100 and they will give you $100 in free bets, taking your balance to $200.
To ensure you can claim this bonus you must enter the referral code SUMMER and must have funded your account within 15 days of signing up to receive your bonus of 100% of your initial deposit.
We are happy to report that are no minimum turnovers for the bonus funds. As with most providers you are unable to withdraw your bonus funds, but any winnings that come from bets placed with your bonus stake are yours to withdraw. You receive winnings minus the stake; for example, a $100 bet that returns $400 will then have the $100 taken from the balance to give you $300.
With over 150 racetracks to choose from and many video feeds, it is great for bettors looking to indulge in horse racing and is currently the only option for NJ residents.