Prophet Exchange: Get the Best Odds When Betting on a Betting Exchange

Prophet Exchange: Get the Best Odds When Betting on a Betting Exchange

Prophet Exchange: What is a Betting Exchange?

UK and European bettors have had access to betting exchanges for a long time now, and consistently get boosted odds, as they take advantage of the peer-to-peer betting setup. If someone is willing to take on the other side of your bet, you really do get to set the odds to a number that appeals to you. So New Jersey Sports Betting users, get ready for the next step in sports betting, as you take your experience to the next level with Prophet Exchange!

Phophet Exchange: Best Odds Example

With the site still on its way, the best way to get an example of boosted odds is to look at a real-life example over in the UK market, with the Golf betting market a particularly good example of how users benefit from peer-to-peer betting.

Let's say you are a New Jersey Sports Betting user, and you wanted to place a bet at the RBC Heritage this week. Beau Hossler, who is a relatively in-form golfer, and a considerable outsider, has best odds of +17500 according to our Oddschecker grid. When looking at the UK Betting Exchanges though, his price currently sits at +31000 because there are enough people on the other side willing to bet that Hossler cannot win this event. Longshots are a clear example of this but even at the top of the market, there is some value in going to the exchanges. Dustin Johnson is currently a standout price of +2000 but is generally only available at +1800. On the Exchanges, he is currently +2600, which is already boosted odds, but if you wanted to try your luck and get +3000 odds, all you would do is set your number, and wait for someone to match it. If someone is willing to lay the +3000 number, as they perhaps don't think Johnson can pick himself up, after last week's effort at Augusta, you can maximize your odds, which you cannot dictate at a traditional Sportsbook.

So New Jersey Sports Betting users, are you ready for the next step in betting? If so, follow our steps below and find out how you can take advantage of this new entrant to the New Jersey Sports Betting market!

Prophet Exchange: Signup Steps

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!

This article is one of multiple betting exchange beginners guide articles that will be posted over the next couple of weeks. Check out our Terminology article to get the know-how on all your betting exchange need-to-know terms here. Interested in digging deeper into betting exchanges? Our deep-dive guide to betting exchanges can be found here and will provide you with everything you need to know about betting on a betting exchange.