Prophet vs. Sporttrade: Which NJ Betting Exchange Should You Use?

Sporttrade is trying to mimic a stock trading environment, not a sports betting environment. They post everything in probabilities out of 100%, and call them contracts. There really aren't American odds on t… See more

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Prophet Vs. Sporttrade: Which NJ Betting Exchange Should You Use?

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New-to-US Prophet To Launch Sports Betting Exchanges In NJ And …

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Jul 12, 2021 · Like Prophet, Sporttrade is preparing for a launch in New Jersey later this year. Last month, the company announced it raised $36 million from a group of investors. Sporttrade …

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FAQs about Prophet vs. Sporttrade: Which NJ Betting Exchange Should You Use? Coupon?

Is sporttrade a good place to bet on sports?

That said, if live betting is your thing, Sporttrade probably already has the best experience in the market. Prophet's path is a little more straightforward — get enough sports bettors and money on the platform to create a sustainable exchange. ...

What is the difference between prophet & sporttrade?

Sporttrade is a little more straightforward, as they list the "potential profit" before you even place the bet with the commission taken out. Prophet does only take 2% of your total winnings on a market — so if you bet $100 on the Giants, then $80 on the Ravens, and won $20 total, the commission only comes out of the $20 in winnings. ...

Can You bet on Prophet VS sporttrade in Indiana?

The house isn't actually taking any action. And in the U.S., the Wire Act prevents bettors in different states from wagering against each other. So even if Prophet and Sporttrade operated in 30 states each, Indiana bettors could only wager against Indiana bettors, NJ vs. NJ bettors, etc. ...

Will sporttrade reshape the sports betting industry?

Prophet's path is a little more straightforward — get enough sports bettors and money on the platform to create a sustainable exchange. Perhaps Sporttrade will help reinvent and reshape how the sports betting industry thinks and behaves, but I don't believe the broader U.S. market is ready for that yet. ...

Is Prophet re-imagining sports betting?

Sporttrade is trying to re-imagine sports betting entirely. UPDATE: Prophet actually overhauled its spreads and totals to remove this straddle and offer the same number. Here's an updated screenshot. 1. The Spread & Total Straddles: Prophet may offer +100 on its spreads and totals, but it never actually has the best spread or total number. ...

Is ProphetX a good betting exchange?

ProphetX is the choice for arbitrage players in the US. With low comission, high liquidity great odds there is no better place to be safe about placing high volume bets. Is ProphetX the Best New Sports Exchange in the US? Is a 3% Payout Adjustment on Net Winnings Fair? Conclusion: Is ProphetX Worth Trying Out as a New Betting Exchange? ...