Prophet Exchange: How To Place Your First Bet on a Betting Exchange

Prophet Exchange: How To Place Your First Bet on a Betting Exchange

In our previous guides on the Prophet Exchange, we have detailed all the benefits and ways that you can make extra money. Now it is time to show you what placing a bet on the Prophet Exchange looks like, and what it takes to bet on a betting exchange!

So we have told you about increasing the odds. We have explained how you can invest less and win more, and you now know all about the sportsbook's Vig and how that affects you, the bettor.

All that is left to do now, is give you some insight on how putting this plans into action actually takes place, so without further ado, let us look at how you can place your first bet, with Prophet Exchange!

Placing Your First Bet With Prophet Exchange

When you arrive on a market page on a sportsbook's website, and you look at a Moneyline market, you are usually presented with three options, one for each team to win, and one for a tie.

Here on the Prophet Exchange you will see that you have an option to 'request' under each team. This is where you are going to select the stake you wish to wager, the odds you desire and also be able to see what returns you would receive should that bet come in. Here is a snapshot of how that currently looks on Prophet Exchange.

When you then start to select your stake and your odds, things start to become clearer, as you see how much you are going to win. Let us take the Boston Celtics in Game 1 on the Moneyline as the example. In general, the Celtics are a +140 shot, but here as you can see in the next image, not only are you able to dictate the odds, and ramp this up to +200, but you can also select your stake without fear of restriction. This is showing you that you are going to bet $100 at +200, and win $200 on the bet, meaning a $300 return. This of course beats the $240 you are going to get at another sportsbook, you just need to rely on someone else taking that side of the bet.

You will also note the word "traded" next to where you place your bet. This shows you how much has been traded on this market at the time of you betting.

Where it currently says 'requested' will then become the odds that have been determined by the betting so far. You can still click on this area and request your odds, you will just need to be aware that those are the odds currently deemed acceptable by the peers you are looking the bet against.

If your bet is not accepted, you can either retrieve your funds, leave it placed until the odds do go to the odds you are hoping, or adjust to the current market. Be warned though, if you do leave the bet until the game starts, and suddenly your team is behind, this bet would be accepted as the odds would move. This is a live market at all times, so your full attention is required at all times.

We hope this insight has given you a chance to see just how the Prophet Exchange looks, how you would navigate placing the bet at your desired odds and stake, and how easy it is to see your returns.

If you are now more ready than ever to sign up for the Prophet Exchange, then follow the quick-step guide below to collect your deposit match, via the Prophet Exchange promo code!

How To Claim The Prophet Exchange Welcome Offer

Step One: CLICK HERE or hit the button below to register for the $200 deposit match

Step Two: Sign up for a Prophet Exchange account by completing the simple registration process

Step Three: Once the site goes live, you'll be notified and your first deposit will be matched up to $200!

There you have it. You now know what it looks like to place a bet on the Prophet Exchange and how you take control of your own destiny, when it comes to betting sports in the New Jersey sports betting market. All that is left for you to do now is sign up with the offer above, and wait for the site to go live! We cannot wait for you to enjoy all the benefits of Prophet Exchange, when betting in New Jersey.