Prophet Exchange: Sportsbook vs Exchange
Prophet Exchange: Sportsbook vs Exchange
If you have been following along with our content series 'Beginners Guide to Betting Exchanges' you will already be clued in on some of the key terminology of betting exchanges, how to betting exchanges work and how to maximize your wagers using a betting exchange. This next article is looking at the differences between traditional sportsbooks and betting exchanges such as Prophet Exchange, and comparing some of the pros/cons for each.
Before we start - we want to share an amazing welcome bonus from Prophet Exchange - the first betting exchange set to go live in the USA later in the year. New users can register their interest with Prophet Exchange and receive a $200 deposit match that will be activated in your Prophet Exchange account on launch day.
Here is how to claim your Prophet Exchange welcome offer.
1. CLICK HERE or hit the button below to register for the $200 deposit match
2. Sign up for a Prophet Exchange account by completing the really simple registration process
3. As soon as the site goes live, you'll be notified and your first deposit will be matched up to $200!
Getting the Best Odds
Traditional sportsbooks have been dominating the market as the sole way of online betting since legalization, but how do the compare to a betting exchange when it comes to giving customers the best odds? The short answer - not that great. Betting exchanges allow users to bet on a peer-to-peer level, meaning the wagers and odds can be set by the users themselves. Find out more about this process in our beginners guide article here. Users can get +100 odds on all straight bets on Prophet Exchange, no matter what they want to bet on.
Welcome Offers and Customer Promos
Getting a sports betting promo code can really make your day, whether it's on a big event like the Super Bowl or simply for signing up. How do betting exchanges stack up compared to traditional sportsbook in this area?
Prophet Exchange are the first US based betting exchange, so it's tough to accurately say how a betting exchange stacks up in terms of customer promos. Betting exchanges in the European market offer their customers promotions and offers of a similar value to their sportsbook counterparts, but in the US it is hard to say.
In the Sportsbook vs Betting Exchange competition, we would have to side with the traditional sportsbook in this area - partly because there is more data and examples, but also because there are more options when it comes to sportsbooks and therefore will be more welcome bonuses available. Make sure to claim the Prophet Exchange welcome bonus above however, and test a betting exchange out for yourself.
Making The Most Money
Over a long period of time, does a betting exchange or sportsbook work better for making sports bettors the most money?
One of the most annoying things when betting with a traditional sportsbook, is getting your account limited because you have been on a winning streak. Certain sportsbooks have been pretty open about not wanting long term winners on their platforms, as they don't make money from big wins. However, betting exchanges like Prophet Exchange welcome all users, no matter how much you win - meaning your account will never be limited and you can continue to bet and make as much money as you want.
Ease of Use
We get it, change is uncomfortable and switching over from your go-to sportsbook is a big step to make. Luckily, Prophet Exchange are here to ease your transition.
Not only do they incentivize the move by offering new customers a $200 deposit match (which goes a lot further betting with exchange odds) but after getting a preview of the beta, I can firmly say their product is as sleek, professional and easy to use as any of the top sportsbooks in the country. This section isn't really a Sportsbook vs Exchange competition, but we appreciate a good UI when we see one, and Prophet Exchange didn't disappoint.
Liam Hudson is an experienced sports writer, with a finger on the pulse of all things NFL and College Football. As a fanatical New England Patriots fan, he spends most of his time convincing others he is not a bandwagoner and defending Bill Belichick in Brady vs Bill arguments. He is also a Fantasy Football fanatic and spends far too much time analyzing player data and statistics in hopes of finding a hidden gem in one of his many yearly fantasy leagues.