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Prophet Exchange Welcome Bonus 2024

Prophet Exchange Welcome Bonus

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$55 Stake Cash + 260K Gold Coins + 5% Rakeback
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If you want to hear all about the latest Prophet Exchange bonus for new players, then this is the place to be. And trust us, you’re going to like what’s in store with this awesome matched deposit offer.

As well as running you through the exciting details, such as how many free bets you can grab, and how long they last, we’ll also run you through the terms and conditions. There’s good news here though, as this bonus comes with a very reasonable x1 play-through requirement.

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Last Updated on 04/10/2024
Fact checked by: Simon Briffa

Introduction to the Prophet Exchange bonus offer

All betting sites offer bonuses to new players as a means of attracting new players ahead of the competition. Prophet Exchange might be a unique betting site, but that doesn’t mean that they don’t have a welcome offer for new customers. With the current Prophet Exchange bonus for new customers, you can get a 100% deposit match worth up to a potential three-figure sum. You can take a look at our Jock MKT bonus review to see how this bonus compares to the competition.

How to use the Prophet Exchange welcome bonus

In order to claim this offer, all that you have to do is sign up to Prophet Exchange today and then have your account verified. Once that’s done, you simply need to make your first deposit of at least $10 via either online banking, wire transfer or by paying in cash at the cage in the Harrah’s casino in Atlantic City. Once that’s done, you will receive your 100% matched deposit.

It’s worth noting that the Prophet Exchange bonus for new customers is flexible – you only require a minimum deposit of $10 in order to claim it but you can claim up to $200 dollars. This makes the bonus accessible for a whole array of budgets, which is something that we like to see. If you are looking for yet another comparison, then our Pulsz bonus review is definitely one that’s worth checking out.

Important terms and conditions

With the Prophet Exchange welcome offer, your bonus funds must be used before your real money deposit, which is actually a great condition to have, as most sportsbooks have things set the other way around. Your bonus should appear in your account within 72 hours of your deposit being made, though Prophet Exchange do state they strive to deposit bonuses sooner where possible. Once you have your bonus, it then lasts for 14 days.

Your bonus funds must be wagered just once before you can withdraw, which again is a very reasonable amount compared to most of the competition. In terms of eligibility, you need to be aged 21 or older and be physically located in the state of New Jersey when you claim the bonus. However, the bonus is expected to be made available in more US states sometime in the not-too-distant future.

Top five expert tips to take advantage of the Prophet Exchange bonus

Here at TheGruelingTruth.com, we don’t merely want to inform you about the bonus and how great we believe it is. At the end of the day, the most important thing to do with any bonus is to try and best use it to enhance your overall gambling experience. That’s why below we’ve provided you with our top tips to help you to take advantage of this offer as best you can.

Timing is key

First of all, it’s important to remember that this bonus lasts for 14 days. While this is a relatively generous time limit for such a bonus, it does still mean that you need to pick the right moment to claim it. Think about what sports, leagues and competitions that you like to bet on the most. For example, if you like betting on the NFL, then claiming the bonus in the middle of July isn’t going to be much use to you, as it will already have expired once the season starts. At the end of the day, timing is everything. 

Stay in your wheelhouse

When you have bonus credits in your account, it can be easy to view them as a free shot at trying something new. However, if you want to use the bonus to try and give yourself a better chance of winning, then this isn’t the best way to go about it. Stick to betting on sports and teams that you know well. It’s only logical that doing this will give you the best chance of flipping your bonus into cash winnings when all is said and done. Of course, sports betting is largely a game of luck, but you can boost your chances by applying your own knowledge. 

Don’t get greedy

The Prophet Exchange bonus is a 100% matched deposit offer with a $10 minimum and a $200 maximum required deposit – there’s also every other amount in between as well. Don’t deposit more than you were planning to or can realistically afford to lose just because there’s a bonus involved, doing so almost never works out well at all. Remember there’s also the play-through requirement once your bonus has been used, so claiming a larger bonus than you are financially equipped to deal with could result in you losing money.

Fixed vs matched odds

This is something that is very much unique to the Prophet Exchange bonus. As you may already know, the USP of Prophet Exchange is that it offers peer-to-peer betting. This means that if you don’t like the odds being offered by the house, you can request your own. However, in order for your desired odds to be accepted, another player on the site has to accept the opposite bet. For example, if you request odds at +130 instead of +120, someone will have to accept the opposite bet at -130. This takes time and your bet could go unmatched, so given that the bonus only lasts for 14 days, it’s perhaps best to take fixed odds when using it.

Track your wagering

It is the case that the Prophet Exchange bonus lasts for 14 days, which is a fairly generous time period. Additionally, you are allowed to use your bonus first, which is a massive advantage. On top of that, the wagering requirement is a very reasonable x1 your bonus amount. Despite all of these conditions being very generous compared to most competitions (see our Hollywood Casino bonus review as an example), it’s still important to keep on top of things. Remember that you have 14 days to use your bonus and play through it once over. We recommend keeping a diary or a spreadsheet to ensure that you are on track to do this on time.

Prophet Exchange bonus FAQ

🏆 Is there a welcome bonus for Prophet Exchange?

Find out if there is a bonus available for new Prophet Exchange customers here at TGT. All of our information is updated regularly.

🇺🇸 In what states is the Prophet Exchange offer available?

A full list of all legal US gambling states that are eligible for the Prophet Exchange welcome promotion can be found here. Follow the link in order to discover more.

📍 Where can I find the latest Prophet Exchange promo codes?

Up-to-date information about the Prophet Exchange offer and all other sports betting bonuses in the US can be found here at The GruelingTruth.com. Get the latest promo codes today!

Additional rewards and loyalty programs - VIP and refer a friend

The Prophet Exchange bonus for new customers isn’t the only thing that’s on offer. There’s also an awesome refer a friend bonus and a fairly unique VIP program. VIP status is given out on a selection-only basis, which is considered based on your betting activity on the site. Naturally, the amount of money that you bet through on the site is also heavily considered. The main benefit of being a VIP is that you will be offered a reduced commission percentage on all matched bets.

With the refer a friend offer, both you and your friend can get $50 in bonus bets to be used on the Prophet Exchange site. In order to claim this bonus, all that you have to do is give your friend a link. Then, if your friend successfully signs up and makes their first deposit using this link you will both receive your $50 Prophet Exchange bonus.

Introduction to the Prophet Exchange bonus - 100% deposit match

With the current Prophet Exchange welcome offer, you can get a 100% deposit match as a new player. The minimum required deposit is just $10 and the maximum that can be claimed is $200. The bonus lasts for 14 days from when it first appears in your account and the wagering requirement is low, as we’ll explain in more detail below.

Reality test - Easy to claim and easy to use

Claiming this bonus is extremely simple and there’s no requirement for a promo code. All that you have to do is register and verify your brand new Prophet Exchange account and then make your first deposit of at least $10. Once that’s done, you should receive your bonus within 72 hours – though usually, it should come quicker. Once you have your bonus it can pretty much be used freely throughout the sportsbook.

Bonus withdrawal - Low wagering

Before you can withdraw any winnings made off the back of this bonus, you must first play through the bonus amount once. You must use your bonus and meet this very low requirement within the 14 day time period. Another little advantage you have though is that Prophet Exchange allows you to use your bonus cash ahead of your real money deposit.

Pitfalls and what to avoid - Don’t get greedy

The main thing that we would avoid when claiming this bonus is making a higher deposit just for the sake of claiming a bigger bonus. Doing this makes your wagering higher and probably won’t work out well.

Product summary and conclusion - An excellent offer

Overall, this offer is flexible and comes with some great terms and conditions. For starters, there’s the fact that you have to use your bonus before your real cash, which is a rare stipulation – and a good one. Added to that, the wagering really isn’t high at all and the time limit is generous enough.

Prophet Exchange bonus - A positive overall conclusion

It probably won’t come as much of a surprise that we’re going to leave you with a largely positive summary of the Prophet Exchange bonus. The amount of bonus that you can claim is flexible to suit all budgets and the 14 day time limit is decent. Additionally, there are virtually no restrictions when it comes to what you can use the bonus on and the x1 play-through requirement is extremely reasonable. Just remember to follow our top tips and there’s a good chance you will be able to enhance your overall betting experience with this offer.

Prophet Exchange NJ bonus – 100% matched deposit

New JerseyThe current Prophet Exchange bonus for NJ players gets a 100% matched deposit bonus, much like the one explained in our main review. The minimum required deposit for this bonus is just $10 and it lasts for 14 days from the moment that it is deposited into your account. There are almost no restrictions when it comes to the sports and odds types that you can use the bonus on. When it comes to wagering, you have to play through your bonus amount just once. If you are aged 21+ and located in NJ, then this is an offer worth considering!

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