Prophet Exchange Pros & Cons
- Peer to Peer Wagering
- Request & Set Odds
- Great Deposit Bonus
- Limited Sports Offered
- Not Many Payment Options
- Only in NJ
|Deposit Methods||Trustly, Bank Transfer|
|Withdrawal Methods||Trustly, Bank Transfer|
|Betting Functions||Sports Betting Exchange|
|Owner||Stake Trade Inc.|
Prophet Betting Exchange
Prophet Exchange is the first betting exchange to join the sports betting industry in the US, and has introduced a unique way to wager that betting enthusiasts and day traders alike will be able to enjoy.
Available on both iOS and Android, the Prophet Exchange betting site is the best way to create odds for sports betting exactly how you want them. Betting Exchanges operate (very simply) by allowing bettors to set or request their own odds instead of relying on sportsbooks. And other players will be able to wager the flip side, creating an exchange!
If you don't see any odds you like on an event, just put down your own odds, and other bettors will have the chance to wager against you, in a peer to peer betting environment.
Right now there is a limited number of sports available on the Prophet Exchange betting site (football, basketball, hockey MLB, soccer), but given the exchange just launched this will change quickly as bettors want to wager on different sports and markets.
Prophet Exchange Deposit Bonus
Sadly Prophet Exchange no longer features a welcome bonus for new users, which is a shame, but there is still a ton of appeal to signing up for a betting exchange. Most notably the odds.
Because Prophet is a betting exchange, players set the odds for each market, ensuring you will be able to wager on the best odds available anywhere. There is no added juice to Prophet's lines because they don't build in any vig to the sportsbook odds, they just take a small commission on wagers which nets out less than traditional sportsbooks.
Prophet Exchange used to give new users up to $250 in bonus site credits, through a Matched First Bet Refund.
These bonus funds could be wagered on any event on the platform, with no minimum odds or restrictions, and only need to be played through 1x before winnings can be withdrawn. We expect as the betting exchange launches in new states this year they will bring back their welcome offer, or at least something similar.
Prophet Exchange Promos
Prophet Exchange Refer a Friend
Prophet Exchange has also launched a referral program, letting you refer a friend to wager on the exchange. What's better is that your each enjoy a $50 bonus for the referral!
- Share your email as a referral code
- Have your friends register with the email code
- Have your friends deposit
- Claim the bonus site credits
You can earn up to $2,500 in site credits through referrals.
Prophet Exchange - is this new way to wager any good?
It's about time that a betting exchange made its way to the US market, and even though Prophet Exchange has a long way to go before it becomes a worthwhile platform, this is a refreshing change to the monotony of sports betting sites.
Prophet excels at being a unique offering, and was the first betting exchange in the US. But it falls way behind with the limited number of sports and markets offered. Of course this is to be expected so early on, but even though you may get a little boost on your profit with Prophet without the added vig on other sports betting sites, you can only wager on the basic markets. Once prop and more sports become common this will be a great way to create exactly what you want for a wager.
Our Current Rating:
7/10 ★ ★ ★ ★ ★ ★ ★ ☆ ☆ ☆