- No limits
- Low juice on lines
- Solid mobile app
- Not available 24 hours
- Low liquidity on live markets
- Limited bet types
Along with Prophet Exchange, Sporttrade became one of the first and few betting exchanges to launch in the US in 2022.
A novel concept among US sportsbooks, betting exchanges allow the player to back or lay wagers in a peer-to-peer format.
That means that with Sporttrade users get very high-value lines and aren’t limited as they would be on more typical betting sites.
On the downside, users don’t get to place parlay wagers and live betting is dependent on the level of liquidity placed on a given market.
That being said, we think Sporttrade is a great execution of this concept and recommend giving it a try if you’re interested in exchange betting.
Try Sporttrade if… 👍
🔢 You want the best possible odds
As a betting exchange, Sporttrade is mostly a host for bettors to back or lay wagers. This means that you're not betting against the book as much as you are betting against your fellow users.
This means that the odds on Sporttrade have very little juice.
While Sporttrade does add what they call “commission” on trades, they still provide much higher value odds than the typical sportsbook.
🧠 You’re an experienced bettor
Exchange betting isn’t exactly for the faint of heart, but that’s okay. Trading in and out of positions in order to give yourself the best value can be remarkably fun and valuable if you know what you’re doing.
When you throw in the fact that Sporttrade doesn’t limit players, it has to be one of the best options for high rollers who really know what they’re doing to get a different experience on a new online sportsbook.
Avoid Sporttrade if… 👎
➕ You want to place parlays
As is the nature of betting exchanges, you can only back or lay positions one at a time. Since there needs to be someone doing the inverse action of you for there to be liquidity in that market.
That means you can’t get quite as creative as one might like when putting together parlays, teasers, or Same Game Parlays, which are quite popular among most sports bettors.
⏰ You want to bet whenever you want
This is a little tricky and a bit of an unforced error on Sporttrade’s part. Since the exchange is attempting to mimic a stock trading platform, they are not open 24/7.
Instead, Sporttrade is available for trading from 9 AM-12 AM Eastern Standard Time. This means you won’t be able to trade in and out of positions for late games on the West Coast or some European soccer matches.
Almost all of the sports betting sites in the US are available for use 24 hours per day, so this is a bit of a let-down.
Sporttrade is still a relatively new platform, so we hope this is fixed in the future.
Sporttrade Promo Code
Unlock up to $500 in withdrawable cash back with our exclusive promo code SBOST when you sign up with Sporttrade in Colorado or New Jersey.
Unlike traditional sports betting sign up offers, Sporttrade offers a unique opportunity - 3% of your wagered amount during your first seven days on the exchange will be tracked in your portfolio.
After this initial week, the accumulated 3% of your tracked stakes transforms into withdrawable funds available for you to cash out.
What sets this promotion apart is the absence of a turnover requirement, allowing you to enjoy your bonus money without any mandatory playthrough.
While unlocking the full $500 bonus may require a substantial wagering commitment, it remains one of the closest things to free money available among online sportsbooks today.
It is important to note that you must use our promo code SBOST to qualify for this promotion.
Where is Sporttrade Legal?
Sporttrade is currently legal in the following states:
It should be noted that in Colorado, Sporttrade currently only functions as a typical sportsbook. This is due to state regulators still hammering out the details of legislating the peer-to-peer nature of betting exchanges.
It is expected that once these regulations are set in stone, Sporttrade will re-launch as a proper betting exchange as it is in New Jersey.
Is Sporttrade legit?
Yes. Sporttrade is perfectly legit, legal, and available as long as you are over 21 years of age and physically located in a state where it is active.
Where is Sporttrade legal?
Sporttrade is currently legal and licensed in Colorado and New Jersey.
Does Sporttrade limit players?
No, Sporttrade does not limit players.