Sporttrade Promo Code: Claim Up to $300 in Bonus Bets December 2024

Sporttrade is a peer-to-peer betting exchange where users can buy and sell bets in the form of contracts or dollars. The first Sporttrade betting exchange app went live in New Jersey on September 15, 2022. It then launched in Colorado on August 29, 2023.

Sporttrade was one of the first regulated sports trading platforms to go live in the United States, following in the footsteps of European betting exchanges like Betfair. Sporttrade launched in New Jersey just one month after Prophet Exchange, and the two betting exchanges are now vying for marketshare.

Our Sporttrade betting exchange review is very positive with better prices than the fixed odds traditional sportsbooks offer. We can also play bookmaker and sell selections in the markets available on the Sporttrade app, similar to trading stocks. Plus, the Sporttrade promo code ROTO gives new Sporttrade users a cash back bonus of up to $300.

With a sports trading platform that allows customers to trade in and out of positions on sports outcomes while a game is in play, Sporttrade gives bettors a new type of online sports betting in a state-of-the-art app. Much like live betting, Sporttrade's real-time trading provides a dynamic sports trading marketplace with up-to-the-second updates for its users.

Click on the "BET NOW" button in this Sporttrade review to get started today and claim a Sporttrade welcome bonus of up to $300 cash back.

Sporttrade is legal in Iowa, New Jersey and Colorado. Sporttrade joined the New Jersey sports betting market under a skin and license from Bally's in Atlantic City on September 15, 2022. Then, on August 29, 2023, Sporttrade, partnered with GF Gaming, launched the Sporttrade app in Colorado. Sporttrade is expected to launch in more states in 2024, including Louisiana and Indiana.

Use the Sporttrade promo code ROTO to register a new account today, if you are located in New Jersey or Colorado.

Create a new Sporttrade account today with the Sporttrade promo code ROTO to get up to $300 cash back today. The sign-up offer requires a minimum first-time deposit of $5, and no opt-in required. Simply sign-up for a new account and place your first bet via the Sporttrade app. Then, your seven-day promotional period begins, with 3% cash back on each qualifying bet you make. When the promotional period ends, Sporttrade will give you 3% cash back on the total amount of all qualifying bets, up to a maximum of $300 cash back.

Sporttrade Promo Code Terms & Conditions

There are Sporttrade promo code terms and conditions that must be followed in order to redeem the Sporttrade promo code ROTO welcome offer. They are as follows:

• The Sporttrade promo code ROTO is only available to new users and first-time depositors.
• You must be at least 21 years old and in New Jersey or Colorado to claim the Sporttrade promo code sign-up offer.
• You will receive 3% cash back, up to $300, on all qualifying bets placed during the seven-day promotional period.
• Once you place your first bet on Sporttrade, the seven-day promotional period begins.
• Only qualifying bets and markets count towards the cash back offer.
• The minimum redemption value is $5 while the maximum redemption value is $300.
• Cash back is paid out within 72 hours of the end of the seven-day promotional period, provided in one lump sum.
• Maximum odds of -400 will be counted towards the cash back amount.

The exclusive Sporttrade promo code ROTO sign-up offer can be redeemed using a few simple steps. Follow the step-by-step guide below to open a new Sporttrade account:

1. Click through the "BET NOW" link in this Sporttrade review. This will take you to the Google Play Store for Android users or the Apple App Store on iOS devices, where you can download the Sporttrade app.
2. Download the Sporttrade app on your respective device and create a Sporttrade account by filling in the necessary requested information on the sign-up page.
3. Make your first deposit on Sporttrade (new users and existing customers that have not deposited can claim the exclusive Sporttrade promo code ROTO).
4. Place bets on any outcomes in your first seven days on any qualifying market. These include the NBA, NHL, MMA, and more. The seven-day promotional period begins when you place your first qualifying bet.
5. Earn 3% cash back, up to $300 on all qualifying bets during your first seven days of betting.

Sporttrade operates only via its app, so be sure to download the Sporttrade app to claim this exclusive Sporttrade promo code sign-up offer.

Sporttrade offers bettors a peer-to-peer betting exchange with better odds than traditional sportsbook options on most sports betting markets. Sporttrade is an app-only betting exchange, so you cannot bet using the Sporttrade website. Sportrade provides exchange betting markets for customers to choose from, both pre-game and for live betting purposes.

To make a bet, simply navigate to the market you want to bet on and click on the share price under "Buy" or "Sell." Sporttrade also gives New Jersey and Colorado bettors the option to place limit orders, meaning they can automate the process of buying and selling outcomes, should a particular price be hit in-play.

Rather than the American odds we see at typical U.S. sportsbooks, Sporttrade lists prices in dollar amounts which equate to the probability of the selection winning. If you buy a contract at $40, this means the expected probability of the bet winning will likely rise. If and when the 40% probability reaches $100, you win 1.5 contracts or $60. You also don't have to wait until the contract settles, as you can exit the position at any time, similar to an early cashout at a traditional sportsbook.

Here's an example of how Sportrade works:

• Buy a one contract on the New York Knicks against the Brooklyn Nets in the NBA moneyline market at $40.
• Should the Knicks win, you stand to make a $60 profit, but also have the option to sell our shares in-game.
• If the price on the Knicks hits $80 (or an 80% implied probability of winning), you can trade out for a profit of 1 contract at $40.
• You can also automate this process by making what's called a limit order by setting a predetermined price to sell. If that price hits, one of your peers will likely take the other side.

Sporttrade offers a top-of-the-line app that allows Sporttrade users to easily navigate to find the trades they want to make. Similar to a traditional sportsbook, users can control nearly all aspects of their Sporttrade experience from the Sporttrade app.

As long as you are at least 21 years old and in New Jersey or Colorado, you can download the Sporttrade app and start betting today. Here's a rundown of some of the top things we like about the Sporttrade app:

Better Odds

Sporttrade doesn't bet against its users. Instead, the betting exchange matches buyers and sellers at the best available price in the market -- a peer-to-peer betting exchange. Thus, to get your bet matched, Sporttrade often offers better odds. Without a "house," Sporttrade provides better odds for its users.

No Juice

Sporttrade exchange betting includes no juice on its available markets. Traditional sportsbooks have juice, also known as the vig, worked into their prices with some even having increased juice on specific sports betting markets. To compensate, Sporttrade takes a 2% commission on winning trades.

Real-Time Trading

Watch the game and bet in-play via the Sporttrade app with real-time trading. Trade out at any time for a profit by selling your bet (essentially hedging by taking action on the other side), or even set a stop-loss should the wager look to be going against you. This is similar to the early cashout function at traditional sportsbooks, but you don't pay as much vig when using betting exchanges like Sporttrade.

The Sporttrade betting exchange has some obvious pros when we compare it to traditional sportsbooks, but there are some drawbacks as well. Through our extensive Sporttrade review, we've identified the top Sporttrade pros and cons below:

Sporttrade Pros

• New user cash back promo that nets you up to $300 when you sign up with the Sporttrade promo code ROTO.
• Better odds -- low commission and no hold means larger potential payouts.
• Bettors can cash out your bets vig-free at any point once there's liquidity.

Sporttrade Cons

• Sport betting market selection is sparse, with limited prop betting options.
• Sporttrade offers lower liquidity on more obscure sports betting market.
• Sporttrade users who have never used a betting exchange say there is a large learning curve when exchange betting.

Many Sporttrade users say that Sporttrade brings something new to the U.S. sports betting industry as betting exchanges aren't very common in America. We have to agree and recommend trying out the betting exchange by signing up with the Sporttrade promo code ROTO for up to a $300 cash back bonus for new users.

The Sporttrade betting app has an intuitive user interface which allows for a seamless browsing experience. Aesthetically speaking, the Sporttrade app is a hybrid of a sportsbook and a stock trading platform. Sporttrade users can navigate markets expressed as percentages rather than traditional American odds. The Sporttrade betting app is fast, efficient, and easy to download. A quick look at the ratings and you'll see a 4.7 out of 5 stars on the Apple App Store.

Downloading The Sporttrade App

The Sporttrade app is easy to download for bettors in New Jersey and Colorado. Just click through our sign-up link and download the app on your iOS or Android device.

To download the Sporttrade app, simply follow the steps below:

1. Click the "BET NOW" button in this Sporttrade review, which will redirect you to the Apple App Store or Google Play Store.
2. If the Sporttrade app doesn't auto-populate, search for "Sporttrade" in your respective app store on iOS or Android.
3. Click "Download" or "Install" to get the Sporttrade app on to your mobile device.

Don't forget to create a Sporttrade account once you download the Sporttrade app, and be sure to take advantage of the Sporttrade promo code ROTO for up to a $300 cash back bonus.

Sporttrade online banking options are somewhat limited with several popular deposit options unavailable. Have a look below to see what banking options you can use after signing up with the Sporttrade promo code ROTO in New Jersey or Colorado.

Sporttrade Deposit Options

Deposits are instant when using the below Sporttrade deposit options and there are no processing fees involved. Transactions with debit cards, and deposits from credit cards are not allowed. Simply use your preferred deposit method from the list below:

• PayPal
• Online Banking
• Venmo
• ACH e-Check
• Bally's Atlantic City Casino Cage (NJ only)

Sporttrade Withdrawal Options

Withdrawals are processed efficiently at Sporttrade as well. Online banking takes 3-5 business days while transactions via e-Wallets are usually processed within 1-2 business days. These are the Sporttrade withdrawal options to choose from in NJ and CO:

• Online Banking
• PayPal
• Venmo
• Bally's Atlantic City Casino Cage (NJ only)

Please note that if withdrawing to your e-Wallet you must have deposited funds through the same payment method. If withdrawing in-person at Bally's Atlantic City in New Jersey, you must make a withdrawal request in the Sporttrade app first.

Sporttrade users don't have access to the wide array of sports betting markets and bet types that we see at traditional sportsbooks. However, Sporttrade bet types do include some of the most common options, including the following:

• Moneyline
• Total
• Point Spread
• Futures
• Props

The sheer number of sports and leagues available at Sporttrade won't blow any sports bettor away, but it still meets sports betting industry standards, including the NFL, NBA, and MLB.

The sports and leagues to bet on at Sporttrade include:

• Football (NFL and NCAAF)
• Basketball (NBA, NCAAB, and WNBA)
• MLB
• NHL
• Golf
• Soccer
• UFC

The Sporttrade promo code ROTO nets new users a Sporttrade bonus of up to $300 cash back when they sign up for a new account in New Jersey and Colorado. We recommend Sporttrade highly for those who want to tryout exchange betting as the betting exchange provides users with a top-notch betting experience all available via the Sporttrade app. Unlike traditional sportsbooks, Sporttrade gives bettors the ability to buy and sell bets on its peer-to-peer betting exchange platform, without a "house" shifting the odds to its advantage.

With the Sporttrade promo code ROTO, new users can choose from any market on the Sporttrade app and earn 3% cash back on all qualifying bets in your first seven days of betting. The max cash back from the new user cash back bonus is $300.

Overall, our Sporttrade review is very positive as we like how it provides bettors with another betting option that isn't a traditional sportsbook. Betting exchanges aren't all that common in the United States, but if you happen to be in New Jersey or Colorado, we highly recommend signing up with the Sporttrade promo code ROTO to claim the $300 cash back bonus. Use the Sporttrade promo code ROTO to sign up and claim your Sporttrade bonus now.