Prophet Exchange: The Future of Peer-to-Peer Betting

Prophet Exchange: The Future of Peer-to-Peer Betting

Traditional sportsbooks have ruled the US sports betting scene since states began to legalize online sports betting. However, as the iGaming market grows, new operators such as Prophet Exchange have arrived to shake up how we bet.

Unfortunately, due to a lack of choice, sports bettors have previously had to 'deal' with high-juice sportsbooks, seeing their lowered odds as an unavoidable annoyance. What if that could change? What is you could set your own odds?

Enter Prophet Exchange, a revolutionary new way to bet on the US sports betting market. Prophet Exchange is an online peer-to-peer betting site that eliminates the traditional sportsbook vig (the percentage traditionally pocketed by sportsbook on betting lines), letting you have +100 odds on any straight bet. Prophet Exchange allows you to bypass the sportsbook all together, placing your bet against another human being - allowing you to dictate the odds/price, not the bookmaker.

What does that look like in reality?

Go into your favorite sportsbook app, and check out the latest spread odds on a sport of your choice. You will notice that spread on traditional sportsbook are offered at somewhere between -110 to -120. At -110, that's an implied probability of 52.4%, but betting on a spread should be an implied probability of 50% - it's as even as a flip of a coin. That 2.4% difference goes directly into the bookmakers pocket, and out of your hands.

At Prophet Exchange bets are placed on a peer-to-peer level, meaning all spreads/totals have a 50% chance of winning on both sides, bypassing the bookmaker and putting more money in your pocket.

Claim your Prophet Exchange New Jersey Welcome Bonus

Here is how to claim your Prophet Exchange welcome offer in New Jersey.

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!

How Does Prophet Exchange Work?

Let's use the Super Bowl for an example. You (bettor A), liked the Rams -2.5 at +100 and you place your bet on Prophet Exchange for $200. The main difference between a betting exchange and a traditional sportsbook is that your bet is now posted on the exchange, but is not officially live until someone bets against you. This is what Prophet Exchange refer to as a 'request' (check out all the betting exchange terminology you need here).

If bettor B wants to bet on the Bengals +2.5 +100, they can bet against your wager and your bet is officially live. On Prophet Exchange you control the odds, and the price - making your wagers go further.

Prophet Exchange gives you full control over the market, allowing you to place +100 odds on all spread and totals as well as allowing you to create you own spread and prices. As long as someone bets against you, your wager will always be accepted. If no-one accepts your wager, the bet lapses and your money goes back into your account. Better odds or your money back sounds like a good deal to me.