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Esports Betting / Prophet Exchange Review / Prophet Exchange Bonus Code

Prophet Exchange Bonus for December - Use our Top Promo Code & Sign Up Offer

Peer to Peer: Redeem your sensational Prophet Exchange Welcome Bonus now!

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Last Updated on 24/11/2022
Fact checked by: Sophie McCarthy

Who wants a Prophet Exchange bonus? Well, we do and we think you will too. Take a look below to see what kinds of promo offers you can get at this amazing betting exchange.

The latest Prophet Exchange bonus is a great deal that could give you plenty of credit to use on your sports bets. This means that you could request your own bets or bet on someone else’s odds with money that isn’t even yours. Take a look below to see how this Prophet Exchange bonus works!

Some context for this Prophet Exchange bonus offer

Pretty much all online sportsbooks will put on welcome offers for new customers, but getting a betting exchange like Prophet Exchange with a sign up promo is something different. So let’s take a closer look at this deal to see whether it could tempt you into signing up to this awesome betting exchange!

How to use the Prophet Exchange bonus for new customers

Prophet Exchange has a great welcome offer that will match your first deposit by 100% up to $200. So if you deposited $200, you would get another $200 in promo credit to use on the betting exchange. Simple!

Here’s how you get this deal. First, you need to be in New Jersey and over the age of 21 years. Next, you need to sign up to Prophet Exchange. This means giving the betting site personal information like your name, address, date of birth and social security number. You’ll also have to provide a scan of some personal ID like a passport or driver’s license to get your account verified.

Now it’s just a matter of making your first deposit. You’ll get a choice of different payment methods to do this, and you just have to put down the minimum amount of money. Once you have done this, the promotion should be triggered and you should find the wagering credit in your account fairly swiftly. Now you can just enjoy betting on the Prophet Exchange with money that isn’t even yours. Easy!

Five awesome tips for using the Prophet Exchange bonus

Need some single tips for using this amazing deal? Take a look below and get more from this bonus:

Keep your deposits modest

With matched deposit offers, it can be all too easy to put down the biggest possible deposit in order to get the greatest amount of extra wagering credit. However, it’s important to note that the credit you get has no cash value and there’s every chance that you could lose your bets with it. Far better to put down a deposit that is realistic and factors in the cold, hard truth that everyone loses their sports bets every now and then.

Focus your bets

This is kind of obvious, but you’ll have a more successful time using your promo credit if you keep your bets to those sports and teams that you know inside out. So if you’re a big New York Jets fan, you’d be better off betting on NFL odds. The good news is that this is a betting exchange, meaning that if you don’t like the odds on offer, you can request some different odds and hope that someone else takes you up on your bet!

Try different betting lines

While Prophet Exchange is a betting exchange, it does feature lots more bet types than just a standard money line. After all, you can come here and do things like bet on someone else’s spread or even request your own totals bet. All of which can work wonders in opening up greater value with your sports bets.

Keep an eye on the time

You should know that this deal comes with strict time limits. This means that it’s a good idea to make a note of when you signed up to this bonus so that you don’t let your promo credit go to waste. We would also recommend thinking carefully about when you sign up to Prophet Exchange so that there are some decent sports events going on that you can use your promo credit on.

Read the small print

Any sports betting promo is only as good as the terms and conditions that guide it. This is why we’d always recommend that you read the small print before you rush to claim any special offer. All of this is even more true since online sportsbooks are notorious for changing the terms and conditions of their deals without telling anyone about it first!

Read our Prophet Exchange welcome bonus FAQ

We thought that we should give you this handy FAQ that explains the core parts of this deal:

What is the minimum deposit? The welcome offer doesn’t state that it requires any minimum deposit amount to trigger the deal. However, elsewhere on the Prophet Exchange site there is information stating that you have to make a minimum deposit of at least $10, regardless of which payment method you use.

What deposit methods are available?

We found that Prophet Exchange lets you make deposits either via an ACH bank transfer, a regular wire transfer, or you could even make a payment via the casino cage at Harrah’s in Atlantic City, New Jersey.

What are the wagering conditions?

You will have to wager the value of your promo credit at least once before you are allowed to make a withdrawal. So if you made a $100 deposit and received $100 in promo credit, you would not be able to make a withdrawal unless you had spent $100 on the betting exchange.

What are the time limits?

You will only get 14 days to use the promo credit once it lands in your account. Any credit left over after 14 days will be removed from your account. Plus it’s worth noting that you will only get 14 days to claim this special offer after signing up to Prophet Exchange for the first time.

What can you use the promo offer on?

You are free to use your promo credit across all of the sports bets available at Prophet Exchange. This includes the NFL, NBA, NHL, MLB and even some college football and basketball. We should also note that there is no limitation on the odds you can bet on. Just remember that Prophet Exchange doesn’t feature prop bets, parlay bets or teasers. This means that you’ll have to use this promo either on the money line, spread bets or totals.

More deals beyond the Prophet Exchange bonus for new customers

The good news is that there are plenty more other Prophet Exchange bonuses that you can get long after you’ve used up the sign up promo. For example, we saw some great social media giveaways that could see you winning signed NFL jerseys from Giants stars like Victor Cruz.

Plus there are other cool little deals like the refer a friend promo. This will simply give you $50 in promo credit just for getting a friend of yours to sign up to Prophet Exchange for the first time - a great way to share the love!

We didn’t see anything that looked like a regular reward program at Prophet Exchange. However, we did see something in the betting exchange’s small print which suggests that some kind of VIP scheme could be on its way. This looks like it could give you things like reduced commission fees which would be a great way to get more from your sports bets.

Prophet Exchange Sports Bonus

Bonus intro - what you get with the Prophet Exchange bonus

This sports betting promo is as simple as it comes. It’s a matched deposit bonus meaning that the more money you initially deposit, the more you get in terms of extra          wagering credit.

The deal will match your first qualifying deposit by 100% up to $200. This is effectively doubling the money that you get to play with at Prophet Exchange.

It’s not the biggest sports betting promo that we’ve ever come across but we all know how the true value of any deal lies in the small print. So join us as we take a closer look at the terms and conditions of this deal from Prophet Exchange.

Reality test - using the Prophet Exchange bonus

We loved just how easy it was to use this deal. All that you have to do is to sign up to Prophet Exchange for the first time, make a qualifying deposit and this money will be doubled in promo credit.

It’s a deal that’s easy to understand and we found that it was simple to use the credit on the betting exchange. We found some odds that another bettor had put on for a big game in the NBA, and we were able to use our promo credit as our stakes.

However, it’s important to note that you can also use your promo credit as stakes should you ‘request’ a bet. This is where you are setting your own odds for a money line bet or you could even do the same for spread bets or totals. Once you have put down your bets, it’s just a matter of sitting back, watching the action and then hoping that luck is on       your side!

Bonus withdrawal - easy wagering conditions with the Prophet Exchange bonus

Not only is this deal easy to understand, but it doesn’t have too much in the way of wagering conditions. This is because you will just have to wager the value of any promo credit gained just once on the betting exchange before you are allowed to make a withdrawal of any winnings made.

All of this is great news as we have seen plenty of sports betting bonuses that ask you to wager the value of your promo credit lots of times before you are allowed to request a payout. Such wagering conditions are frequently the cause of major headaches for newbie sports bettors, and its details like this that show just how generous Prophet Exchange is with this special offer. Just don’t try to make a withdrawal of the promo credit itself as it has no actual cash value.

Pitfalls - Consider these when claiming the Prophet Exchange bonus

This Prophet Exchange promo has a merciful lack of small print compared to some sports betting deals that we’ve seen. This not only makes this promo easy to understand, it means that you are far less likely to make a mess of any bonus credit that you receive.

The one thing that might catch some people out is the fact that you only get a certain number of days to use the promo credit that you receive. So if you don’t get your bets in in time, then you’ll see this special offer going to waste.

It’s also worth noting that you will only get a limited amount of time to claim this deal after signing up to Prophet Exchange for the first time. All other aspects of the small print are as we’d expect, such as you can’t use the credit to bet against yourself and so on.

Verdict on bonus - our take on the Prophet Exchange bonus

We’d definitely recommend getting this Prophet Exchange bonus. It’s a deal that is easy to understand and simple to put into action at this excellent betting exchange. Sure it’s not the biggest bonus on the market, but it more than makes up for this in value for money.

We loved how easy it was to get this deal as you just have to put your money down and then play with double the cash. It’s also nice to be able to use your promo credit however you want across the betting exchange, meaning that you have freedom in terms of sports, odds and bet types. So make sure that you sign up to Prophet Exchange and get this  great deal!

Overall conclusion - why you should get the Prophet Exchange bonus

Prophet Exchange is still a relatively new betting site, but it’s already made a big impression with the sheer quality of its promo deals. We loved how straightforward the welcome offer was. It simply works to give you a fair amount of extra credit to play with and it offers you a nice introduction to understanding how betting exchanges work.

Plus there are plenty more deals here that existing customers will enjoy. From refer-a-friend deals to social media giveaways, you’ll find plenty to keep you entertained.

We are hoping that Prophet Exchange keeps these special offers coming and works to implement some kind of reward program or VIP scheme in the coming months. But for now, we think that Prophet Exchange has done a great job. So make sure that you sign up to this betting exchange and grab one of these deals!

Prophet Exchange bonus FAQ 

🎁What is the Prophet Exchange offer for new customers?

Read our guide to see what kind of welcome offer you can get for signing up to Prophet Exchange for the first time. Not only will we show you what kind of Prophet Exchange bonus you can get, but we’ll walk you through all of the steps you need to take to get this deal. Plus we’ll compare what’s on offer with the deals we found in our Pulsz bonus review so that you can see which offer is best for your needs.

💰Can I get a no deposit bonus at Prophet Exchange?

Check out our review to see whether you can get the current Prophet Exchange bonus without having to put down your own money. The majority of deals like those found in our Hollywood Casino bonus review will usually require some kind of qualifying deposit, but this isn’t to say that there aren’t some no deposit bonuses out there somewhere!

❓Do betting exchanges have promotions?

You’ll probably know that Prophet Exchange is a betting exchange which means that it behaves a little differently from a regular sportsbook. All of which means that it might not have the same kinds of deals that you get from standard betting sites. So make sure that you read our guide to see what kind of Prophet Exchange bonus you might be able to get.

💪Which sportsbook has the best betting promo?

Make sure that you read our guide to see whether the current Prophet Exchange bonus is the best betting promo in the US. There is plenty of competition out there with some great deals like the one found in our Jock MKT bonus review. All of which means that you could be in line to pick up some amazing deals for your sports bets!

📱Can I get a promo on the Prophet Exchange app?

We found that Prophet Exchange has a great betting app that you can download to iOS and Android devices. But make sure that you read our review to see whether you can get the current Prophet Exchange bonus via the app. Plus we will let you know if there are any mobile-exclusive deals that could give you an even more interesting way to lay down your bets!

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For the gamers:

First and foremost we're gamers — and this spills through into everything we do in the Strafe esports betting section.  Since our reviews are tailored for those interested in punting on esports, you can expect us to look at key elements such as finding the best Dota 2 odds, or the latest League of Legends betting promo codes, and even a few helpful guides along the way.

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