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Betting.net / Prophet Exchange Review / Prophet Exchange Bonus Code

Prophet Exchange Bonus Review – Is the Prophet Exchange Sportsbook Promo Code the best in December 2022?

Prophet Exchange New Customer Offers

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Last Updated on November 29, 2022
Fact checked by: Jesse M Cox

We’ve found an amazing Prophet Exchange bonus and we are here to tell you all about it! Take a look below to see how you could make the perfect start at this awesome betting exchange.

You’d have to travel far and wide to find a betting exchange as good as Prophet Exchange. Plus there’s a Prophet Exchange bonus here that’ll simply give you plenty of extra wagering credit to play with. So join us on a big adventure that sees what you get when you pick up a Prophet Exchange bonus!

Why deals like the Prophet Exchange bonus exist

Betting bonuses exist as a way of encouraging you to sign up to a betting site. You tend to get betting credit you can use for betting on sport and the sportsbook will be hoping that you stick around after the bonus runs out. So let’s see how this Prophet Exchange bonus works.

Your guide to using the Prophet Exchange bonus

This deal is a welcome bonus meaning that you can only get it if you have never signed up to Prophet Exchange before. If you manage to do this, then you will find that your first qualifying deposit gets matched by 100% up to $200. All of which could see you playing at this amazing betting exchange with double the cash.

Getting this deal is seriously simple. Obviously, you will need to create your first-ever betting account at Prophet Exchange. This just means proving who you are and showing that you are of legal age to gamble in New Jersey. You can do this by sending in something like your driver’s license and then you’ll get your account verified.

Then it’s just a matter of putting your money down. You can make your first deposit with something like an ACH bank transfer, but make sure that you meet the minimum deposit amount. By doing this, you’ll automatically trigger the sign up bonus that’ll match your deposit by 100% and you’ll quickly see the promo credit in your account. Now you can use this credit across all of the betting odds at Prophet Exchange.

Solid tips for using your Prophet Exchange welcome bonus

Be sensible

The worst thing that you can do with this deal is to bulldoze in with a massive deposit and then throw away your bet credit on a sport that you know nothing about. We’d recommend keeping it cool by depositing a small amount and then thinking carefully about which betting odds offer you the greatest value. Sure you might not be able to take advantage of the full bonus amount, but at least you won’t be throwing all of your money away.

Request your bets

One of the best things about Prophet Exchange is the fact that it allows you to request your bets. This means that you don’t just get to decide what kind of stake you can put down. Instead, you’ll also be able to do things like set the odds for a money line bet or even the odds for the spread, or even totals bet. All of which means that you could effectively be getting some of the best odds around. Just remember to be realistic with the betting odds that you are requesting otherwise no one will want to bet on them!

Don’t take too long

This deal comes with time limits that aren’t too restrictive, but you don’t want to forget about them. This is why we would recommend that you make a note of when you signed up to Prophet Exchange for the first time, as well as when you claimed this deal. All of which will help you schedule your bets accordingly and not feel too rushed in trying to get through your wagering credit.

Understand the small print

No one wants to spend their time reading through the terms and conditions of a betting bonus. After all, much of it will read like legal text and chances are that you’ll just want to get on with betting on sport. However, we would always recommend that you read through the small print before claiming any deal. This is because it is the terms and conditions that determine what you have to do to claim the deal, along with how you are allowed to use whatever betting credit you get.

Enjoy your bonus

It’s all too easy to get hung up on the best ways of using any sports betting promotion. But this is actually one of the more easy-going deals. As long as you gamble responsibly, you should have a harmless time with this deal. After all, you don’t really have anything in the way of wagering conditions to worry about. So make sure that you use this deal on those sports that you really love as this will mean that you will find it easier to spot whenever any betting odds are too good to miss out on!

Check out our Prophet Exchange bonus FAQ

Do I have to use a promo code?

No, there is no need to enter in any kind of promo code to claim this Prophet Exchange bonus. Just sign up to the betting exchange, make a deposit and you’ll find that the special offer has been triggered. If only all sportsbook promos were so simple!

What is the qualifying deposit?

You can only get this special offer if your opening deposit is $10 or more. Any less than this, then you won’t get the deal. Just so you know, you can make deposits at Prophet Exchange via ACH bank transfer, wire transfer or at the casino cage at Harrah’s, Atlantic City.

Can I withdraw the bonus?

No, you will only be able to withdraw whatever winnings have been generated by the deal. The promo credit that you get has no cash value and cannot be withdrawn.

Are there any time limits?

Yes, you only get 14 days to get the welcome offer after signing up to Prophet Exchange for the first time. Similarly, the bonus credit that you get will expire after 14 days.

What sports can I use the promo on?

You can use your promo credit across all of the sports bets at the Prophet Exchange. This means that you could play with double the money on football, basketball, baseball and hockey. Plus it’s worth noting that Prophet Exchange even lets you bet on college sports. All of which should give you plenty of options for putting your promo credit to good use.

Getting a Prophet Exchange bonus as an existing customer

Lots of online sportsbooks have some kind of reward program that aims to give existing customers some benefits for sticking around at the betting site. Unfortunately, it looks like Prophet Exchange doesn’t have any kind of loyalty scheme at the moment.

However, it’s worth noting that we found evidence of some kind of VIP club in the Prophet Exchange terms and conditions. It looks like this could lower the commission fees that you have to pay and we hope that the VIP scheme gets introduced before too long.

Beyond this, we found a couple of deals that existing customers could use. Prophet Exchange regularly puts on social media giveaways and we saw one where you could get merch signed p by ex-NFL players and so on. Plus you could earn up to $50 in promo credit just for getting someone you know to sign up to Prophet Exchange for the first time.

Prophet Exchange Sports Bonus

How to get the Prophet Exchange Sportsbook Promo Code!

This welcome bonus is as simple as it comes. It’s a deal that matches your first deposit at Prophet Exchange by 100% up to $200. Still confused? Well, if you deposit $10, you will get $10 in bet credit you can use as stakes for your sports bets. If you deposit $1,000, then the bonus will be capped at $200 that you can use for your bets.

It’s a deal that is only available to brand new customers who have never bet at Prophet Exchange before. Just remember that you have to be at least 21 years old and playing from New Jersey.

Reality test - Putting the Prophet Exchange bonus into action

Want to see how we used this deal? Here’s what we did. First of all, we signed up to Prophet Exchange which basically meant giving the sportsbook some personal info. Next, we just had to put down a minimum qualifying deposit. Once this was done, we found that we had a healthy amount of promo credit sat in our betting account.

Now the real fun began as we used this credit to fund our sports bets with. Some of this credit went on a big game in the NBA and the rest went on some college basketball. While we didn’t win all of our bets, we still made some decent returns thanks to this special offer.

While these bets were on odds put up by other players, there’s nothing stopping you from using your credit on bets that you request yourself.

Bonus withdrawal - A user-friendly Prophet Exchange bonus

We loved the fact that this deal came without too many scary wagering conditions. We’re sick of seeing bonuses that look good at first only to find out that you have to wager whatever credit you get dozens of times before you are allowed to make a withdrawal.

The good news is that you won’t have this kind of issue with the Prophet Exchange welcome offer. This is because you just have to bet your promo credit once and then you’re free to withdraw whatever winnings you make. Just don’t make the mistake of thinking that you can withdraw the actual bet credit that you get with this deal.

Pitfalls - Nothing to fear with this Prophet Exchange bonus

The only thing that might catch you out with this deal is the fact that there are some strict time limits. These cover things like how long you get to claim the bonus after signing up to Prophet Exchange for the first time, as well as how long you get to use whatever promo credit you receive.

Beyond this, everything else about the bonus terms and conditions made sense. So as long as you’re not playing to back and lay the betting odds that you request, you shouldn’t have any problems with this deal.

Verdict on bonus - Why we love this Prophet Exchange bonus

Prophet Exchange has come up with a welcome bonus that should give you a decent excuse to sign up to its betting exchange. After all, it’s a simple deal that you can access with a small opening deposit, and from here, you will get double the amount of money to play with.

Plus we loved how you could use this deal across all of the bets on the betting exchange, including all of those that you requested. When you factor in some easy-going wagering conditions and some sensible time limits, it’s easy to see why everyone is rushing to claim deals like this. So don’t miss out on this amazing promo from Prophet Exchange!

Overall Conclusion - Our take on the Prophet Exchange bonus deals

Prophet Exchange is clearly a sports betting site that understands the appeal of a good betting bonus. After all, it’s got a classic welcome bonus for new customers and there are even a couple of handy deals for existing customers. All that’s missing is some kind of reward program, but it looks like this could be on its way soon.

What’s best is the fact that Prophet Exchange has made sure that each of these deals is good value and is easily understandable. This means that there aren’t any terrifying wagering conditions or any impossible time limits.

Instead, you just get some simple and straightforward deals that give you an easy way to get yourself some bet credit. So make sure that you sign up to Prophet Exchange and get one of these special offers!

Prophet Exchange New Jersey – Get a betting promo in the Garden State!

Good news! Prophet Exchange is now open for business in New Jersey. This means that as long as you are over 21 and within the state borders, you can get an amazing Prophet Exchange New Jersey bonus to use for your sports bets.

All of which is great news as Prophet Exchange is making a name for itself by becoming perhaps the premier betting exchange in the Garden State. It’s fully licensed by the NJDGE and you can use its services to get some of the best odds on the market. Plus with a welcome offer that doubles your money, we think that you’ll have a great time at Prophet Exchange in NJ!

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