Prophet Betting Exchange | How to Use It and Make Money

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In this sports betting tutorial, Matt goes over a new betting exchange that is launching in the United States. Very exciting news, as this is the betting exchange to hit the market in the US, this is called Prophet Exchange.

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Betting Exchanges are peer to peer betting markets where individuals can place bets against other users. People using betting exchanges no longer need to pay the juice that sportsbooks charge, as there is no juice charged here. All totals and spreads are priced at +100, which is great. Matt talks about how the liquidation works for current markets and odds that are available.

Prophet Exchange offers a Best Execution feature that automatically gives users the most favorable odds to them. Feature of the matching engine that guarantees users are always getting matched at the best price available. As a result, users can be matched at a different price than they originally offered, but only when the price is more advantageous to them. This change happens automatically in the bet slip when a wager is placed on odds that offer a return that is worse than the best price available on the market.

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