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Prophet Exchange Review: Improve Your Odds with a Sports Betting Exchange

Matthew Brown
Written by:
Last Updated: July 1st, 2024

As a sports betting exchange available exclusively to New Jersey bettors, Prophet Exchange is able to guarantee they offer the best odds in the Garden State. This means you not only win more bets but avoid paying juice on every bet. The downside? As a betting exchange, Prophet Exchange doesn't offer player props, parlays, or teasers.

Prophet Exchange Review Summary

Final Verdict:
For NJ sports bettors that prefer spread and moneyline betting, Prophet Exchange offers better odds and higher payouts. For bettors looking for player props, parlays, and teasers, you will need to find somewhere else to bet.

EatWatchBet Rating:
4.7out of 5
Website and Mobile App
4.8
Odds and Payouts
5.0
Betting Options
4.5
Welcome Offer
4.6
Rewards Program
4.5
Customer Support
4.9
Welcome Offer:
$100 No Sweat Bet

21+. Please Gamble Responsibly. Gambling Problem? Call 1-800-GAMBLER.

Prophet Exchange Pros and Cons

Pros

  • Best moneyline odds in New Jersey, guaranteed.
  • Flat 2% juice applied to spread/moneyline/total wagers.
  • Unlimited flexibility, create the bets you want at the odds you want.

Cons

  • Fixed odds wagers only. No player props, parlays, or teasers.
  • Only available in New Jersey.
  • Max bet is limited to what other bettors are willing to accept.
Prophet Exchange Sportsbook Review

Rather than sticking to a traditional sportsbook, try something completely new with a betting exchange. Prophet Exchange launched in New Jersey in 2021 and with plans to expand into other states.

You may have already heard about this fast-growing sports betting platform from the Hollywood Casino review that covered how Prophet Exchange compared to other traditional sportsbooks. After learning more about this fast-growing betting site in this article, you'll be ready to place bets in a new way.

Prophet Exchange

If you're looking for a new and unique way to bet, this New Jersey sports betting website and app are a new peer-to-peer betting experience. Unlike traditional sportsbook betting websites, the Prophet Exchange model has you betting against other players rather than the standard online sportsbook.

With this type of sports betting exchange, there are no betting limits, and there are better odds than traditional sportsbooks. There are also more unique betting options than traditional sportsbooks. You can play with the house betting odds, place your own odds, or play with other bettors' odds in this peer-to-peer betting. Prophet Exchange can be used for placing bets on nearly any live sports games, including college sports.

With this new sports betting platform, you can place wagers live with Prophet Exchange, but prop betting and parlays are not available. A small price to pay for better odds.

Download Prophet Exchange App  

Prophet Exchange App

Not only can you play from the Prophet Exchange website, but the mobile app is the perfect way to place wagers on the go. It's available to both iOS and android devices, so no one has to be left out of the sports betting with Prophet Exchange.

Get the same real-time experience while placing your own odds as long as you're in the correct geographical region where Prophet Exchange is legal. The app will utilize your phone's GPS tracking to keep track of this, so your location must be shared while using the app to start betting.

Is Prophet Exchange Legit?

Just like with any other online sportsbook or online betting website, Prophet Exchange is completely legal and legit. To ease your mind further, Prophet Exchange is partnered with one of the most popular and reputable brands in the US, Caesars Entertainment. They own Caesars Sportsbook and Casino.

Where is Prophet Exchange Legal?

Currently, Prophet Exchange and the Prophet Exchange app are only available to players in New Jersey. As long as you're within this legal area, you can win real money by placing bets just like any normal sportsbook. This platform is completely regulated and monitored by the New Jersey Division of Gaming Enforcement.

Prophet Exchange has plans to move into other betting markets, so more players have the opportunity to place wagers with this unique betting exchange. Don't be surprised if you soon see Prophet Exchange Indiana ads or ads in other states with legal online sportsbook betting.

Prophet Exchange Offers

Like most other betting websites, Prophet Exchange and the Prophet Exchange app offer exciting welcome bonuses so you can place a one-time wager that will be refunded if it isn't a winner. If you're new to this world of sports betting, look out for the Prophet Exchange bonus you'll receive for signing up and making your first deposit.

Start Up Offer

Once you sign up, your first deposit could be matched up to 100% up to $200. This means a simple deposit of $10 would turn into $20 without any hassle or Prophet Exchange promo code required. The other benefit to this Prophet Exchange offer is that it has a low wagering requirement and only needs to be played once over within the first month.

Refer A Friend Bonus

Know any other experienced bettors who can't wait to get in on this new and innovative sportsbook? You'll want to share this welcome bonus. The site has no limit on how many players you can host, so this bonus can be used repeatedly with all your friends. To claim this Prophet Exchange bonus, you'll share the code with your friends, and once they sign up using the link you instantly receive a $50 bonus. Not too shabby just for sharing with other bettors.

The Positive Side Of Prophet Exchange

There's plenty to be excited about when it comes to this new sportsbook betting exchange. Not only is Prophet Exchange a unique peer betting experience, but it also receives high marks for its user-friendly design and exceptional Prophet Exchange customer service team.

Not Your Normal Sportsbook - User-Friendly Design

The look and feel are just one more thing that differentiates this platform from the traditional sportsbook. You'll be impressed with the modern and sleek design, which feels more like a financial services site than a sports betting website. Extremely minimalist and easy to follow, you'll be placing bets in no time.

Prophet Exchange Customer Service Team

While brand new to the sportsbook market, the strong support of the Prophet Exchange team will have you feel like they've been doing this for decades. Currently, you can reach the customer service team seven days a week between the hours of 10 am and 12 pm.

If you don't feel like speaking to someone directly, they also offer numerous other channels to reach out for help. You can try checking the Prophet Exchange FAQs on their website to see if other bettors have had the same question or problem. Other methods include telephone, email, live chat, and online. No matter how you speak with Prophet Exchange, they'll be friendly and professional — and they're always happy to help.

Prophet Exchange App Screenshots  

The Negative Side Of Prophet Exchange

While other users typically have nothing but good things to say about Prophet Exchange, and all the Prophet Exchange reviews are positive, the only criticism people have is over the payment methods.

Payment Methods

Partially because this is such a new betting exchange website, they have some payment restrictions when it comes to online banking. But now you're probably wondering, is Prophet Exchange secure? Even though the betting site is not currently accepting debit or credit card payments, it's secure for financial transfers going from bank to bank. All accounts will also have to be verified so no minors can play, they take responsible gaming seriously.

How Can You Get Paid By Prophet Exchange?

If you happen to live in Atlantic City, you'll also have the option to stop by the casino cage in Harrah's Casino yourself. However, you can set up a wire transfer or connect your online banking.

There is a $10 minimum to withdraw real money, and while Prophet Exchange won't charge any fees for the transfer, your bank might, especially with wire transfers. Some banks also may not allow funds from online gambling, so check their policies before setting up any online banking with Prophet Exchange.

A Different Approach To The Traditional Sportsbook

Prophet Exchange offers a brand new way to gamble online with a unique peer-to-peer betting platform where the odds are in your favor, and you can feel good about the bets you place.

After reading this Prophet Exchange review, sign up for yourself to get a nice bonus and see what all the hype is about.


Final Verdict for Prophet Exchange

We're absolutely excited about the Prophet betting exchange. It's a new twist to an age-old industry. Sure, it's a bit different than other online sportsbooks, but that's what we like the most.

The app was great, and the bonus isn't too bad in itself. However, we were upset to see that they're only available in New Jersey, which is why we have to knock it down a bit. Overall we're giving Prophet Exchange 4.7 out of 5.0 stars. If it were available in a few more states, which they very well could expand, we'd easily bump this up to 4.8 or even 4.9 stars. Everything else is stellar.

New Jersey bettors must be 21+ and present to place wagers in the state. If you or a loved one is experiencing problems with gambling, call 1-800-GAMBLER or visit the National Council on Problem Gambling www.ncpgambling.org.

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