VIP/Rewards Grade: 1/5 Summary: As a betting exchange they do not have many promotions, but their value come from not limiting bettors and competitive lines.
Updated: Aug 22, 2024
5 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
What To Know
Sporttrade is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
Sporttrade is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
Sporttrade follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
Sporttrade is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
Sporttrade is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
In some states Sporttrade operates as a betting exchange, and others they operate as a sportsbook. In both situations Sporttrade will not limit bettors.
Sporttrade is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
Sporttrade is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
Sporttrade is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
Sporttrade has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
Sporttrade has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
Sporttrade seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from Sporttrade as much as possible.
Sporttrade first launched in New Jersey in late 2022. One of the most important things to understand about Sporttrade is that they are not going to limit bettors. They actually promote matched betting and arbitrage.
Sporttrade is a betting exchange rather than a traditional sportsbook. Traditional sportsbooks operate as bookmakers, setting the odds for various events and accepting bets from customers, with the sportsbook itself acting as the counterparty to each bet, often referred to as "the house". Betting exchanges operate like a financial market where individuals trade bets against each other rather than the house. This often leads to more competitive odds, and greater flexibility. Some betting exchanges have market makers that help provide liquidity to their offerings. Sporttrade like other betting exchanges charges a 2% commission to winning bets.
Sporttrade's footprint is continuing to grow across the US. In some states they operate more like a traditional sportsbook because a user is not able to request their own odds, but they follow the same business model of never limiting users and charging a 2% commission on winning bets.
Sporttrade has an average MLB vig of 2.28%. Sporttrade MLB odds are noticeably better than popular sportsbooks (4.25%). This is close to the average sharp sportsbook which is 2.19%.
Sporttrade averages -147.3 for MLB favorites which is considerably better than popular sportsbooks (-155.0). Sporttrade is about even with sharp sportsbooks which have an average of -147.6.
The average Sporttrade MLB odds on underdogs is 134.1 which is considerably better than popular sportsbooks (130.1). Sporttrade is about even with sharp sportsbooks which have an average of 134.9.
Notes: 10% cash back on your total handle up to $300 for new depositors the first 7 days on the app. Use Promo Code DHO.
Available in: Colorado, Iowa, New Jersey
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Example Promotion
Sporttrade, like many other exchanges, does not have a large number of promotions available. Instead their appeal to matched bettors is the fact they will never limit you. They do have a sign-up offer and "LiquiBoost".
Cash Back
Sporttrade has a sign-up off of 10% Cash Back up to $300 during your first week. Minimum odds of -400.
Qualifying Bet Finder
You can use the Qualifying Bet Finder on DarkHorse Odds to guarantee a profit of over $250. In addition to the Qualifying Bet Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.
LiquiBoost
One potential drawback from betting exchanges is lower liquidity when compared to a traditional sportsbook. Sporttrade completely resolves this issue with their LiquiBoost promotion. You can text Sporttrade and ask for increased liqudity on a market. The minimum number of contracts for a LiquiBoost offer is 50, but there is not a maximum. Think multiple tens of thousands if not more.
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
Available Locations
Sporttrade is available in the following locations.
Sporttrade first launched in New Jersey in late 2022. One of the most important things to understand about Sporttrade is that they are not going to limit bettors. They actually promote matched betting and arbitrage.
Sporttrade is a betting exchange rather than a traditional sportsbook. Traditional sportsbooks operate as bookmakers, setting the odds for various events and accepting bets from customers, with the sportsbook itself acting as the counterparty to each bet, often referred to as "the house". Betting exchanges operate like a financial market where individuals trade bets against each other rather than the house. This often leads to more competitive odds, and greater flexibility. Some betting exchanges have market makers that help provide liquidity to their offerings. Sporttrade like other betting exchanges charges a 2% commission to winning bets.
Sporttrade's footprint is continuing to grow across the US. In some states they operate more like a traditional sportsbook because a user is not able to request their own odds, but they follow the same business model of never limiting users and charging a 2% commission on winning bets.
Sporttrade has an average MLB vig of 2.28%. Sporttrade MLB odds are noticeably better than popular sportsbooks (4.25%). This is close to the average sharp sportsbook which is 2.19%.
Sporttrade averages -147.3 for MLB favorites which is considerably better than popular sportsbooks (-155.0). Sporttrade is about even with sharp sportsbooks which have an average of -147.6.
The average Sporttrade MLB odds on underdogs is 134.1 which is considerably better than popular sportsbooks (130.1). Sporttrade is about even with sharp sportsbooks which have an average of 134.9.
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
