Prophet Exchange Review 2023: How To Sign Up & Bet on Prophet Exchange

This Prophet Exchange review covers available sports, odds & limits, promotions, betting features, and how to place bets on the site and app. We also explore additional real money products and other aspects encapsulating the site’s experiences.

Prophet Exchange Review: Available Sports and Betting Markets 

Prophet Exchange is a sleek sports betting destination for punters in New Jersey and Indiana. The website focuses on football and MLB sports betting options and markets for online punters. You can explore different matches and odds online to find the best value or put up your odds for others to bet against in a peer-to-peer betting model. Each sport offers unique betting markets and features, including customizable bets.

Punters on Prophet Exchange NJ can bet on the moneyline, spread, over/under, totals, and other markets. The sportsbook offers a decent range of markets every week, spanning matches from leading football and baseball competitions and friendlies. You can explore different markets across each game and build bets to leverage higher odds.

Sportsbook Odds & Limits

Prophet Exchange is a peer-to-peer sports betting platform, so you can find the best odds or even request your odds. Such options make the odds as flexible as you want, unlike traditional sportsbooks with specified pre-match odds. Prophet Exchange is precisely what the name suggests; an exchange for sports betting odds. You can find great odds to maximize profit for your wagers if your market pick is correct.

The sportsbook doesn’t limit how much you can bet, win or withdraw, which provides more freedom for new and seasoned punters. In addition, the odds are player-friendly, given you can request your own if you don’t like the ones available on the platform.

Top Bonuses & Promotions

Our Prophet Exchange review team identified promotional offers for new and regular players. The sportsbook has a welcome bonus offering 50% up to $250 on your first deposit. There are no odds or bet limits, so you can spend the bet however you want. Simply complete the 1x playthrough requirement before cashing out. You’ll have 30 days to exhaust the bonus and convert your funds. Once you finish the welcome bonus, you can explore other promotions like Refer a Friend, which offers a bonus when you refer other people to the betting site. You’ll receive a Prophet Exchange referral code and a $50 bonus when someone uses your link or code to join the platform.

Additional Prophet Exchange Betting Features

Prophet Exchange NJ isn’t your traditional betting site. With its peer-to-peer exchange model, the experience is immediately distinct. The basics remain similar, so you can check out available matches, markets, and odds and place a bet. Here are additional features that encapsulate the sports betting experience:

In-play betting and live streaming 

Prophet Exchange offers a unique way to place bets without relying on sportsbook odds. The website provides 100+ odds on spreads and totals and allows you to place a bet anytime. You can seek out the best in-play odds or make a request. Requests are your custom lines, and prices and other punters can wager against them. You can set a specific amount and allow another person to bet against it, making you the oddsmaker. People are constantly looking for better odds, making the exchange a perfect solution for pre-match and in-play odds. Our Prophet Exchange review team couldn’t find a live stream feature for sports events, but the exchange has a sleek mobile app and supports live betting.

Prophet Exchange Sports Betting App

Prophet Exchange app is designed for simplicity and usefulness. You can download the app from App Store (iOS) or Google Play Store (Android). Use the links provided at the top section of the site to download and install the official sports betting exchange app. Once installed, you can sign up for an account, deposit, claim a bonus, and wager on your favorite football and MLB markets. You can also request custom odds.

The app is user-friendly and offers the same features as the site. You can conveniently copy your Prophet Exchange referral code to invite other bettors and earn a bonus. Other mobile app features include a live chat service, live betting, and a cashier. The app allows you to complete everything from signing up through betting to cashing out winnings.

Prophet Exchange Requests

Prophet Exchange Requests are the distinctive feature of the site and app. It allows you to create custom odds, markets, and prices. The feature is ideal when you can’t find favorable odds and prices from what’s already available on the site. Sophisticated search filters allow you to find any odds and prices you seek in specific events. If you don’t see a good option, set your custom odds and give others the chance to bet against them.

Our Prophet Exchange review team made a few requests and found the website to have a decent matching rate on standard markets. The rate is bound to improve as the exchange’s community grows and attracts more users.

Frequently Asked Questions (FAQs)

Is Prophet Exchange a legal sports betting site?

Yes. Our Prophet Exchange review team identifies the site as a legitimate exchange licensed in New Jersey and Indiana. The website provides a peer-to-peer betting exchange, more like your local pub. You can find odds with liquidity or make a request, which means setting your odds. As the oddsmaker, all you need to do is wait for someone to match the order. The site is secure, reliable, and offers precisely what it promises.

How do I bet on Prophet Exchange’s betting platform?

Betting on Prophet Exchange is effortless but slightly different from conventional sportsbooks. First, you must register your free account, which involves providing basic information like your name, date of birth, address, email, phone number, username, and password. You must be 21 or older to wager on Prophet Exchange NJ. Once you have an account, navigate to the banking section, make your first deposit, claim the welcome bonus, and search and compare odds for your favorite games.

What is a request, and how do I make it?

A request is one of the distinctive features available on Prophet Exchange. Players can find odds with liquidity and place their wager, similar to conventional sportsbooks. However, you aren’t limited to the (-110) bets and odds synonymous with traditional sports betting operators. Prophet Exchange allows you to become the oddsmaker and set your custom lines and prices. If you can’t find the markets or odds you want, set your own and let others match it.

What happens if my request isn’t matched in time?

Prophet Exchange NJ is still growing and doesn’t feature many events, so your custom requests may not always be matched by other punters. If the betting or match duration elapses before someone matches your bet, Prophet Exchange will send the stake back to your balance for a withdrawal, another request, or a bet. The money is refunded automatically when the betting option is no longer valid. We recommend sticking to familiar markets like money line, spread, and totals.

How do I deposit and withdraw my money?

Deposits and withdrawals are easy to achieve once you have a verified account with Prophet Exchange. The website supports standard payment methods, including cards and eWallets. You can use ACH, online banking, debit card, PayPal, and Cash at Venue. You can find out the closest venue in New Jersey or Indiana. All payments are secured using advanced SSL Web Server Certificates and processed instantly. The site doesn’t limit how much you can deposit, bet, win, or withdraw.

Can I cash out the welcome bonus?

No. Like most sportsbooks, the Prophet Exchange welcome bonus is unavailable for cashing out. Before withdrawing, you must wager the bonus and fulfill other wagering terms and conditions. You’ll receive a 50% match up to $250 with a 1x wagering requirement. If you claim the full $250 bonus, you must bet it at least once before you request a withdrawal. You can bet on any event or market available or use it to make a custom request. The site offers 30 days within which you can fulfill the 1x wagering requirement.

Do I need a promo code for the bonus?

No. Prophet Exchange’s welcome bonus doesn’t require a promo code or special procedures. All you should do is register for a free account and verify it. You can deposit and receive a 50% match bonus of up to $250. Refer a Friend Bonus has a unique referral code used differently. The exchange is yet to feature additional promotions but mentions reload offers, no deposit free chips, and VIP perks in the general terms and conditions. Future deals may require a code so check out the terms before claiming any deal.

How do I use my referral code?

The Prophet Exchange referral code is available if you want to claim the Refer a Friend Bonus. The offer allows you to refer friends to join Prophet Exchange and receive a bonus for every successful sign-up that results in a deposit and real money gambling. You will receive $50 for each referral. Simply request a code, copy it, and use it to refer friends to the sports betting exchange. You can use the referral code across all online platforms, including social media, SMS, blogs, etc. The code is tracked and computed automatically if someone uses your links.

What are some similar bookmaker sites?

There are many online sports betting websites similar to Prophet Exchange. Customizable odds and bets aren’t novel in casinos, but not many exchanges exist. Prophet Exchange has many features you’ll find in conventional sportsbooks, so you can find odds and bet on different markets. The key distinction is the exchange part, which allows you to request by setting custom odds and prices. Popular sports betting exchanges and bookmarkers with similar options include Ladbrokes, Sportsbet.io, Betfair, and more. Prophet Exchange also has many competitors, including Caesars, BetMGM, FanDuel, and DraftKings, which offer conventional sports betting options.

What sports and markets can I bet on?

Our Prophet Exchange review team found markets across football and baseball events in the US. Players can bet on the NFL preseason, season, Superbowl, friendlies, and more. MLB is another popular competition with several markets every week. As the site grows, we expect more sports disciplines to be added. Currently, the exchange focuses on football and baseball markets and odds. You can bet on traditional markets, including money lines, spreads, and totals. The site also allows you to create custom odds and prices and let other players bet against your request.

Prophet Exchange Online Sports Betting Summary

We’ve reached the end of our Prophet Exchange review and hope we covered the essential parts that tie up the sports betting experience on the site. Prophet Exchange is a peer-to-peer sports betting website that functions slightly differently from conventional sportsbooks. In addition to finding odds on specific markets, you can set custom odds and prices, which makes you the oddsmaker. The experience is more like betting against friends at your local club. You don’t have to stick to specific odds or prices, and there are no limits to how much you can bet, win or withdraw. Once you sign up for an account, you can make a bet or a request.

The site accepts standard payment methods and offers a lucrative welcome bonus worth up to $250 with 1x playthrough. Other highlights include fast payments, secure betting, and dedicated customer support. Prophet Exchange is also trustworthy and promises to be a popular destination for sports betting punters seeking the best odds.