Sporttrade review

Sporttrade entered the US market in 2022 as one of the pioneering betting exchanges and is currently available in two states, New Jersey and Colorado.

Sporttrade's innovative approach to sports betting allows users to engage in a form of peer-to-peer betting, a departure from the more traditional set-odds sportsbook format.

As a betting exchange, Sporttrade offers a groundbreaking fusion of Stock Exchange principles with sports betting, allowing players to set their own lines as well as buy and sell outcomes in real-time, akin to managing a stock portfolio.

Because Sporttrade's unique model empowers users with the ability to back or lay wagers, you can find exceptionally high-value lines should the market dictate.

Unlike conventional betting sites, users are not constrained by limits set by the house, enabling players to lay as much or as little money down as they would like, as long as their is someone to back the other end of the wager.

However, it's essential to note some limitations when comparing Sporttrade's betting exchange experience to traditional sportsbooks.

For instance, Sporttrade doesn't support parlay wagers, and the availability of live betting hinges on the liquidity in a given market, which may not suite the betting style of a more casual bettor. Despite these minor drawbacks, Sporttrade impressively executes the betting exchange concept.

When you sign up using the Sporttrade promo code UGST, you can get up to $300 in cash back!

During your first week on Sporttrade, you can get 3% cash back on every wager you place, all the way up to $300 in total.

How does the Sporttrade promo work?

The Sporttrade welcome offer is fairly unique compared to other traditional sportsbook welcome offers, so here are some key points to keep in mind:

• Earn 3% cash back on each purchased outcome
• Sold outcomes do not affect earned cash back amount
• All wagers made within the initial 7 days contribute to cash back amount, starting from the first bet

In essence, every time you purchase an outcome (i.e place a wager) on Sporttrade, 3% of its value contributes to the cash back bonus you receive at the week's end. While the full $300 cash back is claimable by wagering a total of $10,000 in the betting exchange during the first 7 days, it's crucial to note that this doesn't necessitate actual losses of those wagers. Because you earn 3% cash back as soon as you buy an outcome, you could immediately sell the same outcome and the contribution to your cash back bonus remains unaffected.

The underlying objective with this promotion is to foster liquidity in the nascent betting exchange, enabling more markets and participants to partake in the dynamic buy-and-sell dynamics of sports 'trading'.

Sporttrade is currently only available in Colorado and New Jersey.

It's important to note that Sporttrade currently operates as a traditional sportsbook in Colorado due to the legal framework to support an online betting exchange in the state still being sorted out.

This means that only customers in New Jersey can take full advantage of Sporttrade's betting exchange features for the time being.