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BetStars announced on Tuesday it is paying out 100/1 odds for any team to win the 2019 Super Bowl including the likes of the Patriots, Rams, Eagles and more.
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Of course there is a catch. The 100/1 odds are only applied to the first $5 of your bet. So if you wish to wager $100 on the Eagles to win the 2019 Super Bowl at the current 18/1 odds, the rest of your bet will pay out on those odds (not the 100/1). The 100/1 odds on $5 pays a max of $50.
Also, future bets at BetStars can only be placed when in the state of New Jersey. You can still place future bets from nearly anywhere via a few dozen internationally-based websites.
And then there's this: If you win the $1850 on that Eagles bet (assuming they are Super Bowl champs), you'll have to give at least $240 of that to Uncle Sam. New Jersey-based sports betting sites are taxed at 13%. The offshore sites don't impose a tax.
BetStars became the 8th sportsbook app to come online in the state of New Jersey this week. BetStars is owned by the same company that operates the world's largest online poker room PokerStars.
- Ean Lamb, Gambling911.com
