? How Does Prophet Sports Betting Exchange Work?
Rather than betting against a sportsbook, you wager against another player. You can choose your own odds and if you lose, you pay money to this player. If you win, they will pay to you. The Prophet Exchange extracts a small cut from each wager, but besides that it’s a contest between two players.
Placing A Bet At Prophet Exchange
There are two ways to place a bet on Prophet Exchange – You can be either a bettor or a layer. The bettor will wager as they would at a normal sportsbook, choosing the stake and the betting option. However, the wager will only be accepted if another player – the layer chooses to back the opposite side.
? Prophet Exchange Welcome Bonus
The Prophet Exchange bonus offer is a 50% up to $250 deposit match bonus. This means that BetProphet betting exchange will match 50% of your deposit to a cap of $250. To take maximum advantage of this bonus you should deposit $500 and receive the extra $250 on your account. The minimum deposit amount is $10, which would yield you a $5 bonus.
| Prophet Excange Promo Code | Available Through Link |
| Prophet Exchange Bonus | 50% up to $250 |
| Max Bonus | $500 |
| Min Deposit | $10 |
| Sportsbook Type | Betting Exchange |
| Available in | NJ Sports Betting |
| Casino Partner | Harrah's Casino Atlantic City |
? Prophet Exchange Promo Code
The online sports betting exchange Prophet has an automated promo code for sportsbook bonuses. You get the Prophet Exchange welcome bonus by following your exclusive link, which automatically adds the Prophet Exchange promo code, and following the instructions below.
- Enter the Prophet Exchange site through the green, claim bonus now button
- Click to register for a new Prophet Exchange account
- Fill in your personal details, including e-mail address, phone number, name, and last four digits of your SSN.
- Make your first deposit up to the amount of $500 to receive the maximum bonus
? Prophet Exchange App
The Prophet Exchange mobile app is available to download for both iOS and Android devices. The apps are fresh and will gain additional functionalities as the new sports betting app is developed further. For now, new users must be content with just the basic functionalities of the Prophet Exchange sports betting app.
? Is Prophet Exchange Legit?
Compared to traditional sportsbooks, Prophet Exchange website can sound like a strange idea, but it is 100% legal and legit. Basically, what Prophet Exchange offers is like an online auction house, where people trade bets instead of goods. Furthermore, it’s not the only betting exchange in New Jersey, as online sports betting exchanges like SportTrade and Mojo are also entering the NJ sports betting market.
? Pros and Cons of Prophet Exchange
The Prophet Exchange platform has several things going on for it, but it’s still a work in progress. However, with their partnership with Caesars Entertainment, they should have enough capital to develop further.
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? Prophet Exchange FAQ
- What is the Prophet Exchange bonus code?
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The Prophet promo code is applied automatically when you follow our exclusive link to claim the Prophet Exchange sports betting bonus: 50% up to $250 initial deposit match.
- Is Prophet Exchange legal?
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Yes, they are a licensed betting exchange operating out of New Jersey through the Harrah's Casino license. They've partnered up with Caesars Entertainment for a NJ online sports betting license.
- What is a betting exchange?
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Betting exchanges are places where people trade bets against each other. If you want to place a particular bet at certain odds, you need someone else to take the other side. If your bet wins, you'll win money from that person, and if your bet loses, you lose money to that person. Unlike traditional sportsbook, in the betting exchange model, the house only takes a small cut from the total stake.
- Are there regular sportsbooks in New Jersey?
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Yes, if Prophet Exchange isn't your thing, you can definitely sign up on regular sportsbooks and claim their bonuses; we recommend Caesars Sportsbook bonus, ESPN Bet bonus, and FanDuel Sportsbook bonus especially.
