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Prophet Exchange Promo Code

Use our Prophet Exchange promo code to get a risk free worth up to $250. Win your first wager or get your bet back with this offer. As the only sports betting exchange on the market, Prophet Exchange is able to guarantee the best odds in New Jersey!

Prophet Exchange Promo Code Offer

$250 Risk Free Bet

Best Odds in NJ - Guaranteed
Prophet Exchange Promo Code Offer

Best Prophet Exchange Promo Code Offer for 2022

Every new user that signs up using our exclusive Prophet Exchange promo code is eligible to get a one-time risk-free bet worth up to $250! This promotion is impossible to beat, because in addition to the deposit bonus, you get instant access to the best available odds in New Jersey. This means you win more money with every bet you place using Prophet Exchange instead of a typical sportsbook.

We will cover exactly how Prophet Exchange works, how our Prophet Exchange promo code works, and the terms attached to the welcome bonus on this page.

First, let's establish the details for the current promotion and who exactly is eligible to receive up to $250 free on the Prophet Exchange app:

Sportsbook:Prophet Exchange
Available Markets:New Jersey only, Ohio and Indiana launches set for 2023.
Promo Code Offer:$250 Risk-Free Bet.
Offer Terms:Eligible new players only, $20 minimum deposit.

Terms for the Prophet Exchange Promo Code Offer

As with any bonus offer, it is important to understand the terms and conditions for our Prophet Exchange promo code prior to making your first deposit. The terms for this promotion are extremely player-friendly, as all bonus funds require only a 1x rollover before they can be withdrawn. Here is a breakdown of the key terms for this offer:

  • This offer is only available to New Jersey bettors that are 21+ years of age.

  • There is a limit of 1 bonus per household. Creating multiple accounts is against Prophet Exchange's terms of use.

  • Bonus funds are added to your bonus balance, and are not eligible to be withdrawn.

  • Once used, anything you win with your bonus funds is eligible to be withdrawn from the app.

While big-name sportsbooks require a rollover as high as 25x on all welcome bonus funds, Prophet Exchange allows you to keep 100% of your bonus winnings. This is yet another reason to make Prophet Exchange your primary sportsbook in New Jersey.

Sure, free bets and a bigger deposit match sounds good, but with the welcome bonus prophet exchange is providing you'll get better betting odds and new users can keep 100% of the bonus. You simply can't beat that!

Prophet Exchange Features

Steps to Use Our Prophet Exchange Promo Code

Using our Prophet Exchange promo code is a simple four-step process that allows you to register, receive your bonus, and start wagering in under 5 minutes. To get started, simply follow these three steps and start maximizing your sports betting prophets:

  1. Visit the Prophet Exchange website and click the Join Now button found at the top of the page.

  2. Fill out the required information and verify that you are eligible to create a Prophet Exchange account.

  3. Make an initial deposit of at least $20. No code is needed if you followed our link to the website or app.

  4. Receive a 25% Prophet Exchange deposit bonus immediately. Bonus funds must be used within 30 days and are not eligible to be withdrawn.

While we covered the key terms and conditions for this offer on this page, we always recommend new players review the full offer terms prior to registering. You may also want to review Prophet Exchange's house rules, as these determine how winners are decided and how bets are paid out on the app.

How Does Prophet Exchange Work?

Prophet Exchange is the first (and only) sports betting exchange currently available in New Jersey. While betting exchanges are extremely popular in the UK, where sports betting has been legal for years, they are a new way of betting here in the U.S.

What makes exchanges so popular in the UK, and how is Prophet Exchange able to guarantee you find the best available odds for every wager? We will cover everything you need to know here.

We've developed a thorough FAQ that will answer all of your questions about how Prophet Exchange works.

In short, Prophet Exchange is able to offer you the best available odds because it allows you to bet against other players instead of the bookmaker. This means that there is no middleman taking a

What is a Sports Betting Exchange?

A sports betting exchange is a peer-to-peer sports betting market where you place bets with other users instead of placing bets against the sportsbook itself. This allows you to set the odds you want, rather than simply having to accept what your sportsbook offers.

How is Placing a Bet With Prophet Exchange Different From a Typical Sportsbook?

Betting at Prophet Exchange works exactly like betting with a sportsbook, but with better odds, lower juice, and more flexibility. You will still select a sport, select a game, and choose from a list of available odds, however the odds are set by other users looking to get action on that game.

While you are limited to the bets offered by the sportsbook on other apps, that is not the case at Prophet Exchange. If you don't see the odds you are looking for, you can create your own bet and wait for another user to accept it.

Prophet Exchange Odds Review  

Are the Odds at Prophet Exchange Really Better?

As you are able to create your own bets, the odds at Prophet Exchange are what you make them. Assuming another user is willing to take the bet, you are able to get the odds you want, and are paying a reduced juice because you are using an exchange instead of a sportsbook.

While the flexibility to find or create the bet of your choice is great, this does not mean you will always find better odds already posted on the Prophet Exchange app. You will often need to create the bet you are looking for in order to get the benefits of paying reduced juice.

As an example, let's examine the live comparison between Prophet Exchange odds and DraftKings Sportsbook odds found above. You will find better odds (because of the reduced juice) at Prophet Exchange on the Miami moneyline, spread, and the over for the game. In order to get better odds on the other three wagers, you would need to create your bet and wait for another user to accept it.

Prophet Exchange FAQ

While betting exchanges are popular in Europe, they are relatively new to American bettors. Beyond the differences between an exchange and a sportsbook, Prophet Exchange is also a new brand in New Jersey, and doesn't carry the same cache that names like FanDuel and DraftKings do.

With that in mind, we have addressed the main questions and concerns regarding this amazing sports betting exchange in the Prophet Exchange FAQs found below.

Is Prophet Exchange legal?

Yes, Prophet Exchange is currently licensed to operate legally in New Jersey, and are pending approval to launch in an additional two markets in the coming months.

You can legally bet against other New Jersey users in betting exchange matches.

It might not operate like a traditional sportsbook, but if you're wondering is Prophet Exchange legit? It is absolutely legit.

How is a betting exchange different from a sportsbook?

With a betting exchange, you are wagering against other sports bettors, not against online sportsbooks. Prophet Exchange allows players to set their own odds.

Other traditional sportsbooks and online sportsbooks, for example, may only offer +105 on a bet while an exchange would allow you to find better odds if other players are willing to take your bet. In a way, you create your own odds.

One way to approach it is like this. In BlackJack, you play against the house, but in Poker you're playing against other players. That's how Prophet Exchange and every other betting exchange works.

Does the Prophet Exchange app charge anything?

Prophet Exchange takes a 2% fee (rake) for providing the exchange betting service. Since they're not making money in terms of the bets against the house, like traditional sportsbooks, they make their money in fees to play.

After all, something has to keep the servers and the lights on for the sports betting platform.

How does the Prophet Exchange promo code offer compare to other sportsbooks?

Prophet Exchange operates on a fixed revenue model, which allows you the bettor to win more money, but means they run on tighter margins.

With that in mind, they will never be able to match the offers available at big-name sportsbooks. The current promotion is generous, but at a 25% match, it is far from the best bonus offer available in New Jersey.

That welcome bonus will never make it back into their pockets like a traditional sportsbook. That's why they're not able to give a massive welcome bonus to new users.

How do I sign up with a Prophet Exchange promo code?

Prophet Exchange makes it easy for new players to sign up using a promo code.

Simply copy our code, EWB, and enter it into the registration form on signup. Once you have made an initial deposit of at least $20, Prophet Exchange will add your bonus funds to your account.

You are then free to start betting, but unfortunately there are no free bets like other sports betting platforms.

How is Prophet Exchange able to guarantee the best moneyline odds in NJ?

Because Prophet Exchange is not charging the 10-17% juice that sportsbooks charge, their moneyline odds will always be better than you will find anywhere else.

They will also have the lowest juice on all spreads and totals as well, but the actual odds are determined by the users requesting those wagers.

Does Prophet Exchange have a mobile app?

Yes, you can find the Prophet Exchange app in the App Store and Google Play Store. The sports betting app has been well received by players and currently has a 4.7 rating in the App Store and a perfect 5.0 in the Play Store.

So regardless of what type of device you have, rest assured that Prophet Exchange works on both iOS and android devices. You can take your betting platform wherever you go!

Is the Prophet Exchange website a secure site?

Yes, Prophet Exchange is a secure site and uses the latest SSL encryption technology to protect all your personal and financial information.

They are also licensed and regulated by the New Jersey Division of Gaming Enforcement, so you can be sure that your money and personal details are safe and secure.

What is the minimum age to use Prophet Exchange?

You must be 21 years of age to use Prophet Exchange.

As a regulated sports betting operator, Prophet Exchange is held to the same rules and regulations as other sportsbooks. The legal age to bet on sports in the United States is 21.

How do I make a deposit on Prophet Exchange?

Prophet Exchange offers several different deposit options, including Visa/Mastercard credit and debit cards, PayPal, online banking transfers (ACH), and wire transfer.

The minimum deposit is $20 and all deposits are processed instantly. That means you can start betting right away.

Is there a limit to how much I can deposit on Prophet Exchange?

No, there is no limit to how much you can deposit on Prophet Exchange. However, if you are using a credit or debit card, your bank may have its own limits in place.

What is the Prophet Exchange customer service like?

The customer service at Prophet Exchange is excellent. They are available 24/7 via live chat and email and are always quick to respond to any questions or concerns you may have.

You can also find a comprehensive FAQ section on their website that covers all the most common questions about the sportsbook and betting exchange. Or, if you prefer, we're here to answer all your questions as well.

Prophet Exchange App Review

Prophet Exchange Review and Rating

This Prophet Exchange review was no easy task, as there are a limited number of sports betting exchanges to compare it with.

We have done a sports betting review on Wagr (currently available in Tennessee) and Lucra Sports (peer-to-peer DFS), and the quality of the Prophet Exchange website and app holds up extremely well.

The sportsbook is well laid out, easy to use, and has a player pool that is large enough to quickly fill most reasonable wagers.

Combine the overall quality of the product with the current Prophet Exchange promo code offer, and you have a clear winner here.

ReviewBally Bet SportsBook
DetailsProphet Exchange fills a much-needed niche in the New Jersey sports betting market. As the first and only peer-to-peer exchange, Prophet Exchange is able to offer better odds and more flexibility than any sportsbook on the market. The current $250 deposit bonus is one of only two deposit bonus offers available in New Jersey. Combining the promo code offer with the quality of the app and the flexibility the platform offers its users, should make Prophet Exchange an easy choice for bettors in the state.
AuthorChris Lollis
Rating4.9 (out of 5)
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