With online betting sites in Arkansas expected to be approved sometime in 2022, we take a close look at DraftKings Arkansas so sports bettors know what to expect when the DFS-powerhouse-turned-leading-sportsbook comes to Arkansas.
DraftKings made its name as a giant in the Daily Fantasy Sports space and seamlessly expanded into the sports betting world in the US. When the Supreme Court opened up the gates in 2018, DK was first on the block with an online betting site. Now theyâve set up shop in just about every state that has legalized sports betting.
DraftKings has created a strong brand via tie-ins with the NHL, MLB, and ESPN. DK lets you bet on sports from the hugely popular NFL to more niche sports like Premier League Darts and Australian Rules Football.
New users at DraftKings get a bonus of 20% of your deposit value, up to $1000. In order to receive the full $1000 bonus, youâd have to deposit $5000. It's actually a credit eligible for use on any DraftKings market of -300 odds or greater. You get $1 in credit into your account for every $25 you wager and it will accumulate up until you receive your full bonus. $1000 is a large bonus relative to other legal wagering platforms, but the effective 25x rollover requirement is on the high end.
DraftKings offers many pools each and every day. Some carry small charges, others are completely free to play. All pools have cash prizes at the end. In a typical pool, youâll answer a series of questions about the event, such as âwill the Tennessee Titans score over 21 pointsâ, âwho gets the most receiving yardsâ, et al. And if you win or finish near the top, you get a cash prize with no strings attached.
The best online betting sites offer a variety of attractive features. You will find all of the following on DraftKings Arkansas.
The DraftKings Arkansas app and website offers Live Betting on a huge array of sports. Just log on and if there is a major sport going on, you will see Live Markets right on the middle of the screen on either the app or website.
If it's a less popular sport, you just need to hit up the tab for that sport and you will find Live Betting markets there. When you see a particular game you would like to place a wager on, click on the side you want and your bet will populate a Bet Slip on either the right side of the website, or on the entirety of the app. Pick a wager size and hit âEnterâ and you are set, it's a very quick process.
Live markets do change quickly, so DraftKings will ask if you would like to âAccept All Changesâ so double check that the price is still in a range that you like.
Have second thoughts about a wager? DraftKings Arkansas offers Early Cash Out options on many bets. Go to the My Bets tab and you will see your open wagers. If you see a yellow âCash Outâ button, you can cancel out your wager by just clicking on the button, then clicking again to confirm.
Always remember that betting markets change, so the Cash Out might be for a lower amount than your original bet. It's also possible the market moved in your favor and you can Cash Out for a profit.
Legal betting sites all love to promote Same Game Parlays, and DraftKings is no exception. If you see a green box with âSGPâ next to a point spread, then Same Game Parlays are available for that event.
Click on the game, the toggle on the âSame Game Parlayâ button and you will see all sorts of game lines, totals, props and assorted other markets to add to the parlay. Click on at least two and DraftKings will price the Same Game Parlay for you.
DraftKings frequently offers Odds Boosts. The industry standard -110 price on straight bets for example means you need to risk $110 to win $100. Thatâs the âjuiceâ or âvigâ, essentially where the legal betting sites make their profits.
An Odds Boost, usually expressed in percentage terms and offered with quantity limits (say 20% odds boost with a max bet of $50) pushes those odds in favor of the sports bettor. So now instead of -110 you are maybe getting a +110 or +120 payout on your wager. This is effectively money in your pocket, so take advantage any time you can.
DraftKings Arkansas offers all sorts of retail sports betting options. Pick a type of wager you like and DraftKings probably has it. Here are some of the options.
A typical futures bet is a wager on some event to occur by the end of a season. Maybe it's +1400 on the Arkansas Razorbacks to win the SEC basketball tournament. That means a bettor who risks $100 will win $1400 if Arkansas prevails. There are also futures bets on win totals, usually of the Over/Under variety such as â-110 on Arkansas State Red Wolves over 7.5 winsâ. In this case, you would need to risk $110 to win $100 if Arkansas State wins 8 or more regular season games.
A Moneyline Wager is a bet on the winner of the game. For example, you see the Dallas Cowboys -190 vs the Philadelphia Eagles at +160. If you bet on the Cowboys, you would have to risk $190 to win $100 if they win. Conversely, a bet of $100 on the Eagles wins you $160 if they prevail.
This is a bet on the total points scored in a game. If it's baseball, it's Total Runs, and hockey and soccer its total goals, et al. On the game above, a typical market might be Cowboys-Eagles Over/Under 48.5 points. If the two teams combine for 48 points or fewer, the Under bet wins. If they total 49 points or more, the Over players cash their tickets. Totals standardly price at -110 on each side, sometimes tilting a bit if thereâs excess action on one side, but not enough to move the underlying Total.
A parlay is a bet containing at least two âlegsâ. Those legs can be any type of bet, such as point spreads, totals, money lines or props. And the legs can even be in different sports. In order to cash a parlay ticket, all the legs must win. So say you like the Cowboys money line, the Over in the Arkansas-Alabama college basketball game and the Memphis Grizzlies to cover -4.5 vs the LA Lakers. You can combine all those into one parlay. The payout will depend on the prices of each individual market. Online betting sites love parlays as their profit margins increase exponentially with each leg, so look for Boosts and specials and possible correlations between legs to enhance your odds to profit on parlays.
Props are bets on specific achievements. There are player props, such as âLebron James Over/Under 23.5 points vs the Memphis Grizzlies. There are also team props like âSt Louis Cardinals over 7 hits vs the Cubsâ. Click on any game and you will find props galore, especially if its the Super Bowl.
Spread bets are the most popular bets of all. â-110 on the Tennessee Titans -7.5 vs the Houston Texansâ is an example of a spread bet. If you risk $110 on the Titans and they win by 8 points or greater, you win $100.
DraftKings sportsbook app rates a very high 4.8 on the App Store and 4.6 on Google Play. The app is fast and intuitively laid out. Once you log on you will see the biggest current games at the middle and bottom of the first screen. If any of them are live, you can just click on a market and bet it right there. Up higher on the screen you will see some daily promos and further up you can toggle on over to the DraftKings Casino (if approved in state) or Daily Fantasy sports on a separate app.
DraftKings website has everything the app has, just on a much larger screen. You will still find all the largest current markets on the main screen, but now you will have quick access to every other DraftKings market lining the left side of the page. It's very easy to find the game you are looking for and you can place a wager within two quick clicks.
DraftKings Rewards
DraftKings Sportsbook offers a unique Dynasty Rewards program. Once you open an account, you are automatically enrolled. Every time you bet or play DFS on DraftKings, you earn Crowns and advance your âDynasty Statusâ. You can then redeem the crowns in the DraftKings Dynasty Store for all sorts of things from site credits to merchandise to gift cards to vacations. You start at âBronzeâ level, but then potentially move up depending on how many crowns you earn each month. 500 crowns gets you to silver, 2000 gets you to gold et al. And if you really bet a lot, you get into a VIP level with enormous perks.
In order to see your status, click on the âCrownsâ tab near the top right of the website on your âAccountâ screen on the app. It will show you your progress towards the different status levels as well as your available rewards.
The legal sportsbooks all tend to price spread bets and totals at -110, and DraftKings is no exception. They also tend to post similar markets to the rest of the books, so you wonât find outliers on DraftKings more often than at other spots, They are generous with their Odds Boosts so you will often find attractive plays there. And unlike other books, they donât always tie it to their higher margin Parlays.
Legal sportsbooks want your action and they want to make it as fast and simple as possible to start online gambling. Hereâs how you get started.
Once you log into DraftKings Arkansas, click on the â+â sign at the top right on the App, or click on the âDepositâ tab in the top right corner of the website and you will see an array of options on how to deposit funds into your account. The easiest is simply linking your bank account and using ACH. But if you prefer, DraftKings also takes credit cards, Paypal, gift cards, E-Checks, and prepaid cards. Just type in the amount you intend to deposit, click on your method of payment, then add any further info such as your credit number or routing info, and then click in the green deposit button on the bottom and youâre set. Your money is available to bet online within seconds.
It's easy to withdraw funds from DraftKings, though there arenât quite as many options as there are to deposit. Click on the same Account tab as in a deposit, then toggle over to âWithdrawâ and enter an amount. DraftKings gives you four choices on how to receive your money. One is âCageâ, which is available in an hour but requires you to go to an affiliated casino to collect the funds. The other choices are PayPal, a check and a prepaid card. Paypal takes 3-5 days, a check takes 7-14 days and a prepaid card takes 2-4 days. It's all easy, but will take a little time to receive the funds.
âď¸ The DraftKings app and website are both fast and easy to navigate. And the prices on major sports leagues are in line with the other legal sportsbooks. Further, DraftKings offers frequent Odds Boosts, which really can augment your bankroll.
â It is a bit of a maze to wade through Customer Support before you can get assistance.
To get customer support, click on your username on the top right of the website then click on âContact Usâ.You can enter a topic in the search box or simply scroll down the page to âContact DraftKingsâ. From there you click on âHow Do I contact DraftKings customer supportâ. You will then see a green âSupportâ button at the bottom right of the screen. This is the best way to get a quick answer to your concerns. You can also click on âsupport requestâ and fill in a box with your query.
In their own words âDraftKings maintains a comprehensive security program based on industry standards and best practices. All confidential information is safeguarded by SSL (Secure Socket Layer), as represented by the padlock visible on your browser's address tab.â All public sites have risks, but there are no known issues in particular with DraftKings. As with any site or app, it's important to use a strong password (nix that â12345â one) and it's a good idea to change the password regularly. Try to avoid signing onto your account via a public computer, but if you must use one, make sure to log out when you are done.
To get started, go to DraftKings.com and click âSign me upâ. You will then be asked to choose a Username and Password and provide an email. You will need to give them your full name, the last 4 digits of your Social, your date of birth so as to verify your age and your home address. DraftKings Arkansas will also have you enter your mobile phone number and will ask you to accept their terms of Use and Privacy Policy. And finally, if youâre on a laptop or PC, youâll need to download their GeoLocator plug-in in order to confirm you are located within the state Once you are done, just deposit your funds and you are good to start placing bets.
Click on the âRGâ on the top right of the account website or under the Account icon on the DraftKings Arkansas app and you can see their commitment to responsible gaming. DraftKings gives a host of tips to control your wagering. If you prefer to set hard limits, DraftKings can set Deposit limits, wagering amount limits and time limits on your play upon your request. They also offer state-specific exclusion programs.
DraftKings is a terrific site. They have a huge array of offerings, competitive prices, frequent Odds Boosts and a fast and intuitive site. Its always best to open as many legal sports accounts as you can. Getting the best price possible is vital to success as a sports bettor and the more accounts you can open, the better chance you have to find that best price. Thatâs not always possible of course, so whether you open one sports betting account or many, DraftKings is a great add to your portfolio.
DraftKings is legal and awaiting Arkansas expansion into online sports betting.
Sports betting is legal in Arkansas but is currently only available at three casinos. But Arkansas residents may be able to rejoice soon as the state legislature is expected to approve online sports wagering early in 2022.
DraftKings has partnered with SBTech, the sports betting partner of Oaklawn Racing Casino so they have a presence in Arkansas. They are expected to quickly go live online as soon as Arkansas legalizes online sports betting.
DraftKings occasionally offers risk-free bets as part of their promotions menu.
Yes, you will be able to bet on college sports on DraftKings Arkansas.
No, Arkansas has not approved online casinos.
Yes, you will be able to place live sports bets on DraftKings Arkansas.
Expect DraftKings to launch in Arkansas as soon as the state legislature signs off on online gambling. It's expected to happen early in 2022.
Yes, you can play daily fantasy sports on DraftKings in Arkansas. It's a separate app from the sports betting app but thereâs a button on each that lets you toggle between the two.
Author
Adam Warner is an expert reviewer for BetArkansas.com. The author of "Options Volatility Trading: Strategies for Profiting from Market Swings" former financial writer for Schaeffers Research, and freelance writer for Minyanville.com and StreetInsight.com. Previously Adam was a Market Maker on the American Stock Exchange and a graduate of Johns Hopkins University.
