On Prophet, that commission percentage is 2%. To the right is a look at how Prophet Betting Exchange’s margins compared to market sportsbooks at the closing line.Įxchanges make their money by charging a commission on winning wagers. Volume is above what was to be expected and market liquidity is relatively strong.Īlso worth noting is that the exchanges are delivering on their promise of lower margins. However, early returns and anecdotal observation shows that the exchanges in New Jersey are holding their own. In turn, that grows your bankroll faster.Ī lot has been made of liquidity concerns in the regulated exchanges in New Jersey. That increases your ROI% if you are profitable. You lower the breakeven rate you need to hit to be profitable. Betting into lower margins has a compounding effect on your growth as a bettor. Understanding the value of low vig is one of the sentinel moments in your evolution as a bettor. A price sensitive consumer does very well when there are low-margin options available.

By replacing the operator with a market maker, an exchange can offer pricing that standard sportsbooks can’t match. Overview Of The Benefits Of Using Prophet Betting ExchangeĪs I’ve outlined before, betting exchanges offer a low-margin environment for wagering. Let’s step through specific examples of how you can use Unabated to profit at the first regulated US sports betting exchange, Prophet Betting Exchange. We feel we have tools of specific value to both exchange users here at Unabated. Whether you are familiar with how a sports betting exchange works or not, there are tangible benefits to both experienced and novice bettors. Regulated sports betting exchanges have reached US shores for bettors in New Jersey.

Betting exchange vs sportsbook