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Prophet Exchange Welcome Bonus 2024

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Prophet Exchange Sports Bonus
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License
New Jersey (US)
Company
Stake Trade, Inc
Founded
2018
Website
prophetbettingexchange.com
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866-686-0377
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Last Updated on 03/18/2024

Prophet Exchange Welcome Bonus Offer

Get ready to blast into a whole new sportsbook stratosphere with the Prophet Exchange bonus! This is a unique welcome bonus for a sports betting site that is unlike anything else you’ve ever explored!

As well as introducing you to this fantastic matched deposit welcome offer, this mission will also cover how it can be used on one of the most unique sportsbook sites in the gambling galaxy. On top of that, we’ll also cover the very reasonable terms and conditions.

Preparation for launch – the Prophet Exchange welcome bonus

Those of you who already have some experience here in the gambling galaxy will most likely already have encountered at least one welcome bonus in one form or another. Such offers provide sportsbooks and online casinos with a great way of helping you to gravitate towards their site. As competition in the galaxy continues to grow, so does the quality of the promotions on each planet. And I’m pleased to inform you that the latest Prophet Exchange bonus very much continues this trend!

The current welcome bonus for new customers at Prophet Exchange gets you a 100% deposit match. This means that your first deposit at Prophet Exchange will be matched like-for-like with bonus cash. For example, if you first land on the Prophet Exchange planet and fuel your engine with $50, you would then receive a $50 bonus to get you started. The minimum required deposit at Prophet Exchange is just $10, while you can claim the bonus up to a maximum of $200.

Mission control – how to claim the Prophet Exchange bonus offer

Just as some of you might have read about in my fellow astronaut’s Jock MKT bonus review, claiming the Prophet Exchange bonus is extremely easy. For the next part of our mission, I will fly you through the process of landing on planet Prophet Exchange and claiming the bonus.

Landing on the planet

The first thing that you have to do is navigate your way to the Prophet Exchange website or download the mobile app and complete the registration process. This can be done quickly and easily by entering your basic details, including name, address, and phone number. In order to verify your account, you will need to provide some form of government-issued ID. In order to successfully access this planet, you will need to be aged at least 21 and physically located inside NJ state borders.

Fuel your engine

The next step towards claiming this bonus is fueling your Prophet Exchange engine by making your first deposit. You can fund your account via either online banking, wire transfer, or by paying cash at the cage at Harrah’s Casino in Atlantic City. If you are local to Atlantic City, I would recommend a cash deposit as it is better for online privacy and security. Hopefully, we will see some e-wallets introduced to Prophet Exchange in the not-too-distant future.

Blast off with a bonus!

Once your deposit has been cleared and your engine has been fueled, your Prophet Exchange bonus should appear in your account within 72 hours. In my experience though, the bonus was deposited much quicker, within 24 hours in fact. You can then use your bonus freely throughout the most unique online sportsbook in the galaxy. What makes it unique, you ask? I’ll take you through that in the section that follows below.

Life on Propet Exchange planet – what can you use the bonus on?

As I’ve already alluded to previously in our mission, Prophet Exchange is a sportsbook that’s unlike anything else I’ve ever seen in this universe. That means that this offer isn’t anything like the one that you may have read about in our Pulsz bonus review. The bonus itself might work in a familiar way, but the platform that you can use it on is   totally different.

Prophet Exchange is the first ever peer-to-peer betting platform to launch in the US, but what does this mean exactly? On your average sportsbook in the gambling galaxy, it works like this: you claim your bonus, find the betting line you want at the odds being offered by the house, and then you either choose to place the bet at those odds or not. You can still do this with the Prophet Exchange bonus, but there’s also another avenue available to you – and that’s where peer-to-peer betting comes in.

Peer-to-peer betting – a unique odds-essy 

So how does this peer-to-peer betting concept work? It’s all about a little thing called matched odds. If you find your desired betting line at Prophet Exchange, but you don’t like the house odds, you can then request the bet at the odds you would prefer. The catch is that another player has to accept the opposite bet in order for you to be able to back it. This means that, if accepted, you get the genuine odds without the vig that the sportsbook usually keeps in order to make a prophet.

For example, let’s say that you wanted to use some of your Prophet Exchange bonus to bet on the Bucs to beat the Rams. Prophet Exchange is offering you fixed odds of +110 for the Bucs to win. If you think that those odds are a little bit low, you could request the bet at odds of +120 instead. What you would then need to do is wait and see if another player will accept the counter bet of the Rams at -120. If someone does, then you get to place the bet at your desired odds instead.

Personally, I really like the unique peer-to-peer betting concept that is available on the Prophet Exchange planet. In addition to that, I think it’s awesome that fixed odds is also available and that you can use your bonus on either odds type. With that being said, I would now like to give you some advice on what types of odds it’s best to use your Prophet Exchange bonus on.

I think that the matched odds is a great feature, however, the big disadvantage is that it does take more time for your bet to be accepted. Moreover, you also run the risk of your bet being left unmatched, putting you back to square one. As I will explain during the next part of our mission, time isn’t exactly on your side when it comes to using the Prophet Exchange bonus.

It lasts for just 14 days from the moment that it is deposited into your account. As a result, using it on fixed odds might be a better option in most cases, especially if you are a novice navigator of the gambling galaxy. If you are a bit more confident in your betting ability, then I would advise that you think about what bets to try and match, and to choose wisely.

For example, if you’re betting on Monday Night Football, when there is only one game on, then there are going to be a lot of other site users betting on that particular game. As a result, your requested odds are more likely to be accepted by another player quickly. This might not be the case for something more niche, such as an APT tennis match, for instance.

Traveling at the speed of light – live betting with the bonus

Just like most of the great sportsbooks in our galaxy, Prophet Exchange also has a live betting platform. More importantly, you can use your Prophet Exchange bonus on the live betting platform and matched odds betting is also available here. As some of you might have already figured out though, there are some issues that come when the two asteroids of live betting and matched odds collide.

As I explained for you above, the peer-to-peer betting concept at Prophet Exchange requires you to wait for someone else to accept your bet. Additionally, there’s also a very real chance that your bet won’t be accepted at all. In order to try and accommodate for this, Prophet Exchange does put an eight second delay on all live bets. While this does help, I would still avoid using your bonus on live bets for the most part.

Don’t get me wrong, I still think that the live betting platform is awesome. And it’s great that the astronauts at Prophet Exchange have found a functional way to incorporate peer-to-peer betting into the live betting stratosphere. However, because of the time risks involved, I would recommend that you wait until your bonus is finished and you’re playing with real money to test the live betting platform.

Potential asteroids – the Prophet Exchange bonus terms and conditions

We’ve now reached the point in our mission that can often get a little bumpy, as it’s time to tackle the terms and conditions attached to the Prophet Exchange bonus. However, I’m pleased to inform you that, for the most part, the bonus terms and conditions are extremely reasonable at Prophet Exchange. With just a little bit of due care and attention, you shouldn’t run into too many obstacles when blasting through the gambling galaxy with this particular bonus. Below, I’ve run you through the most important terms and conditions to look out for when claiming and using this offer.

The time warp

Unfortunately, no betting promotion will be with you into infinity and beyond, and the Prophet Exchange bonus is no exception. This bonus lasts for two weeks from the moment that it is deposited into your account. In my experience, this is pretty much smack bang in between what most other sportsbooks in the galaxy offer in relation to their bonuses.

At the slightly more conservative end of the scale, you will find operators that give you just seven days to use and wager your bonus. On the opposite end, the more generous operators will give you a full 30 days for bonus use. However, the Prophet Exchange bonus has another generous condition that makes the two week time limit less of an issue, which leads me nicely on to the next point…

Bonus before cash

Some of the more tricky operators in the gambling galaxy will stipulate in the terms and conditions that you have to use your real money deposit before you can even touch your bonus. Naturally, this makes the task of using and wagering your bonus on time a far more difficult one. With the Prophet Exchange bonus though, the opposite is true.

The terms and conditions here actually state that you have to use your bonus before your real money deposit. Not only does this make it easier for you to use your bonus and wager it, it also means that your real money deposit is ready and waiting for you to meet that wagering requirement.

The world of wagering

As you have probably already noticed, I’ve used the term “wagering requirement” quite a lot throughout this article already. As the experienced navigators of the gambling galaxy will already know, the wagering requirement is a playthrough that has to be met before you can withdraw your bonus winnings.

In the casino cosmos, high wagering requirements are more common than in the sportsbook stratosphere. You can find out more about why this is in our Hollywood Casino bonus review. Even when considering the fact that sportsbook wagering requirements are generally lower as a rule, the Prophet Exchange bonus wagering is very generous.

Before you can withdraw your winnings, you just have to play through your bonus amount once over. Given the fact that you are allowed to use your bonus before your real money deposit, you will already have the money in your account that’s needed to meet this wagering requirement. As I said before, you do have to use your bonus and meet the wagering requirement within the 14 day time period.

To infinity and beyond – what other Prophet Exchange offers are available?

The welcome offer isn’t the only thing that’s available to you at Prophet Exchange – it’s simply there to help you to blast off. There’s also a whole host of other offers available to existing sportsbook account holders. For starters, it’s worth me telling you that Prophet Exchange is the only limitless betting planet. This means that there is no cap on the amount of account holders that the sportsbook can accept.

The peer-to-peer betting model requires as many players as possible, which is why Prophet Exchange wants to utilize its unlimited player capability by encouraging as many new users to sign up to the site as possible. You can profit from this by making use of the refer a friend bonus, which gets both you and your friend a $50 bonus if they successfully register a Prophet Exchange account using your link and make a deposit.

As well as that, there’s also Prophet Exchange VIP status, which is only given out on an individual basis based on betting volume and activity. If you are lucky enough to be given VIP status at Prophet Exchange, you will receive a reduced commission on matched bets.

Prophet Exchange bonus – the cosmic conclusion

We’ve almost reached the end of our mission, and I’d just like to round things up by saying that this offer is truly out of this world. On top of that, you get to use the bonus in one of the most unique sportsbooks in the gambling galaxy. More importantly though, the terms and conditions are fair and there are almost no restrictions with regards to what you can use the bonus on.

Prophet Exchange NJ bonus – promotion planet

The bonus available at Prophet Exchange NJ is the 100% deposit match worth up to a potential $200. The bonus lasts for a total of 14 days from the moment that it is deposited into your account and the wagering requirement is just x1, which is very fair.

Prophet Exchange bonus FAQ

🏆 Is there a bonus available at Prophet Exchange?

Discover today if there is a bonus available at Prophet Exchange by following the link directly to the Prophet Exchange review here at www.playersbest.com. Our reviews and information have been written by experts and we keep them regularly updated.

❓How can I claim the Prophet Exchange bonus?

Claiming the Prophet Exchange bonus is extremely easy. Despite the platform being unique, the process of claiming the bonus will be familiar to most people who have even just a small amount of experience with online betting. Still, we have created a step-by-step guide to claiming the bonus for you.

🌟Can I become a VIP at Prophet Exchange?

Most betting sites have VIP programs, however, many modern sportsbooks do feel that it is becoming a somewhat outdated concept. Find out if and how you can become a Prophet Exchange VIP by consulting our expert review of the platforms here at PlayersBest.com.

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