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Best Sportsbooks US / Sporttrade Review

Sporttrade iGaming Review 2024

iGaming Online with Sporttrade

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Sporttrade
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Rating follows
  • More favorable odds than regular sportsbooks
  • You can enjoy real-time trading to maximize profits
  • Ability to set your own prices
Sporttrade Bonus
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T&Cs apply, 21+
Details
User Reviews

Sporttrade is the first-ever homegrown US sports trading platform, and my Sporttrade review shines a light on this gem. You know how you trade in and out of positions with stock options or crypto? Here you do that with sporting outcomes.

Several perks come with joining the dynamic platform, from enjoying better-priced odds to increased flexibility over your betting. Eligible bettors claim 3% cashback, up to $500, on all qualifying wagers for the first 7 days of betting. All the action happens on a seamless app for convenient sports trading on the go. Read on to learn more.

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sporttrade-pro-contra-us
Pro and Con
  • Enjoy more competitively priced odds
  • Gives you more control over your betting
  • Freedom to set your own betting lines
  • Fascinating welcome offer
  • Limited betting markets
Payment Methods
PayPal
Venmo
Bank Transfer
License
New Jersey (US)
Withdrawal
3 – 5 Days
Company
Sporttrade New Jersey, LLC
Founded
2017
Website
getsporttrade.com
Available Languages
EN
Customer Support
Email Support
Email
info@getsporttrade.com
Overall Rating
Rating follows
  • Bonus Offers & Free Bets
    4.3/5
  • Usability, Look & Feel
    4.2/5
  • Mobile App
    4.1/5
  • Payment Methods
    3.9/5
  • Customer Service
    4.0/5
  • Licence & Security
    4.3/5
  • Rewards & Loyalty Program
    4.0/5
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 19/06/2024

Bonus Offer – Fascinating cashback bonus

Sportsbooks use bonus offers to squash the competition and look desirable to prospective bettors, with most offering a deposit match deal. But in my opinion, Sporttrade shines out with it’s exciting new concept and its unique welcome deal.

In fact, my Sporttrade ratings skyrocket in the bonus department, thanks to the 3% cashback offer for new bettors. It's nothing like most of the cashback offers I've encountered previously, where the cashback is only applied to losses incurred.

The Sporttrade cashback deal is levied on all qualifying bets that you place on the platform, for 7 days after you register at Sporttrade. $500 is the maximum cashback amount you can get from this Sporttrade sign up deal, which might look pale in comparison to other sportsbook deals of up to $1,500.

However, the beauty of this offer is that it’s withdrawable right away, with no wagering requirements whatsoever. Now that's a game-changer. Plus, you're free to wager on any sport, be it the NBA, the NHL or MMA. You will receive the total amount of cashback you’re due within 72 hours after the 7 day cashback period lapses. That might seem a long time, but I think it’s well worth the wait.

Usability, Look & Feel – intuitive site

As I continued my Sporttrade review it became clear that this is a sports betting brand like no other. It's often described as a betting exchange, but in reality it functions in a way that replicates  stock trading.

So, how does Sporttrade work exactly? Well, the site doesn’t wager against its customers like a sportsbook, instead it provides a platform where it matches buyers and sellers at the best possible prices.

This means a whole new interface. One that is completely different from a regular sportsbook that is. Instead of traditional odds markets, options to ‘Sell’ or ‘Buy’ bets are displayed. Does this take away from usability? No. The Sporttrade betting exchange is incredibly intuitive, making it approachable for new and seasoned users alike.

App – Easy-to-download app

Even though Sporttrade has a web portal where you can view the order book, all trades are completed using the Sporttrade app. Dubbed the number one live betting exchange app in the US, the app is downloadable from the main Sporttrade website which you can access with your preferred mobile browser.

Next, you click the ‘Download’ tab at the top right corner of the screen. Select the appropriate link to download the app to your Android or iOS device and click ‘Install’ when prompted. The process only takes a few minutes and before you know it, you’ll have complete access to the Sporttrade sports, betting markets, customer support, banking, and more.

Payments – Reliable payment methods

Real money exchange happens at this sports betting exchange—pun intended. So it’s only fitting that payment methods are part of my Sporttrade review. The brand does well in this area by including secure and reliable payment platforms like Visa, Mastercard, PayPal, Skrill, and ACH-checks.

It’s not the most exhaustive list I’ve seen, but it’s sufficient to give you the flexibility to deposit and withdraw effortlessly. However, my Sporttrade ratings did take a bit of a dip because of the rather long payout time frames of up to 5 days for most payment methods. However, PayPal is a much better bet, where transaction times are quoted as up to 10 minutes, which is a massive difference.

Customer Service – Dedicated support team

Players in need of assistance aren’t left to wander in the dark as the dedicated support team serve as guardian angels. Firstly, Sporttrade puts up a comprehensive FAQ section, addressing most questions first-timers might need answering, from funding your account to managing trades. There’s even a Sporttrade 101 guide available to walk you through the workings of the betting exchange model.

However, if your questions remain unanswered, you can seek guidance via live chat and email, or you can request a call back. Sporttrade also has a strong social media presence on X (formerly Twitter) and Facebook, so you can reach out on those channels too. User reviews have applauded Sporttrade for its responsiveness, so it warrants high Sporttrade ratings in this regard.

License & Security – Licensed to operate

Is Sporttrade legit? Yes, the betting exchange provides a secure sanctuary for users and is regulated by the New Jersey Division of Gaming Entertainment. The licensing information is readily displayed on the site, so I’ll give high Sporttrade ratings for transparency. However, it only has the mandate to operate in NJ and Colorado at present.

All of the trading software is regularly tested by third-party auditors and only the most secure payment methods are used here. In addition, Sporttrade shields player data and financial transactions from unauthorized access using bank-level AES encryption protocols. Long story short - Sporttrade is secure and you can explore the site without hesitation.

Virginia (US) Lottery Board

Authority

Virginia Lottery Board

Website

valottery.com

Headquarters / Regulated Since

US / VA / 01/1987
Virginia (US) Racing Commission

Authority

Virginia Racing Commission

Website

vrc.virginia.gov

Headquarters / Regulated Since

US / VA

Rewards & Loyalty Program – More promos to be added

Based on most Sporttrade reviews, the sports betting exchange doesn’t have a VIP or loyalty program as yet. It's understandable, considering the platform is fairly new, but also because its business model doesn’t entirely lend itself to a tiered system.

That doesn’t mean that there are no perks for existing users though. For example, during my Sprttrade review I took a quick peek at the ‘Promotions’ page, where the Refer-a-Friend promo caught my eye. By referring friends, who subsequently sign up at Sporttrade, you’ll get a 3% cashback based on all of the qualifying bets they place in the first week. Better still, this offer is worth up to $100.

Betting Markets – 10+ betting markets

As a relatively new platform in the sports betting market, Sporttrade doesn’t have as many sports available as a standard sportsbook. However, while compiling my Sporttrade review, I found that it included all of the basic markets I expect to see, like the NFL, NBA, NHL, and MLB. If slightly more niche markets are more your bag, the likes of UFC and Gold should suffice.

I found it a breeze to sift through the different markets available and the fact that the Sporttrade platform is better suited to straightforward bet options like totals and spreads didn’t cause me any issues.

Bet365 BetMGM FanDuel Caesars
Betting Markets: 4200 17 23 2000
Live Streams:
Odd Level: 93.38% 90.25% 90.25% 90%
Sports: 20 7 2

Odds – Competitive pricing

Sporttrade odds are unmatched, especially so for popular sports like football, bumping my USA Sporttrade ratings even higher. Because this betting exchange effectively eliminates the middleman, its peer-to-peer system allows for far more competitive pricing.

So, you’ll also find the less popular sports having odds significantly higher, when compared to those at traditional bookies. Also, the odds at Sporttrade are market-driven. This allows you the flexibility to adjust your stakes as the game unfolds.

Live betting & streaming – Cash out available

Sporttrade allows for real-time trading, which is the equivalent of live betting at a regular sportsbook. This is another area that definitely upped my Sporttrade ratings. Effectively, you can buy and sell bets whenever you want—even during a game.

This also means you can adjust your bet sizes as you go, and increase, reduce, or close your position before the event concludes, to minimize losses or lock in profits. The only thing missing at this point is live streaming, but all in good time.

Limits – No limits

The average Sporttrade review can confirm that instead of bet limits, Sporttrade uses what are known as limit orders. This is a type of order that allows you to buy or sell a bet at a specific price. The order will only be executed at the specified price or lower.

Sporttrade doesn't come outright and state the maximum limit order price. However, it does reserve the right to limit the amount when placing an order if an error occurs during the transaction, or any other reason it deems fit.

Product summary & conclusion – Better control of your betting

Sporttrade stands out distinctly as a betting exchange, allowing users to trade and negotiate bets as they would on a stock trading platform. Sporttrade doesn’t bet against its customers as a standard sportsbook would, which translates to better odds for you. More betting markets could be added, but the available few are diverse enough to accommodate most bettors.

You can trade in and out of your sports to maximize profits and because of access to continuous real-time trading, you have much better control of your bets. Such a dynamic and innovative approach puts my Sporttrade ratings at an all-time high.

Sporttrade review FAQ

⚖️ Is Sporttrade legal?

You can rest assured that there’s no Sporttrade scam to worry about. This betting exchange is a legitimate platform regulated by the New Jersey Division of Gaming Entertainment. Presently, Sporttrade is only cleared to operate in New Jersey and Colorado. However, it’s expected to expand its services soon and has pending license applications in several other states.

⏱️ How long do payments take at Sporttrade?

Sporttrade offers reliable payment options, including Visa, Mastercard, and online bank transfer. On average, you must wait between 3 and 5 days to receive your payout at Sporttrade for most payment options. The exception is PayPal where payments are completed in minutes.

⚙️ How does Sporttrade work?

Sporttrade is a betting exchange platform that functions similarly to a stock trading site. Instead placing wagers, bettors ‘Buy’ or ‘Sell’ based on the outcomes of sporting events. As this a peer-to-peer facility, users have the ability to set their own prices giving them better control over their sports wagering. Simply register with the platform and complete the Sporttrade Login to start enjoying this unique betting experience.

Overall Conclusion – Sports betting with a twist

To conclude, my Sporttrade review breaks down the unique approach to sports betting offered by this new and innovative platform. If you’ve ever traded on the stock exchange, you’ll probably nail betting at Sporttrade. Instead of placing regular wagers, you’re buying and selling the outcomes of a sporting event.

It's totally different from the usual way of betting, but the process doesn't have a steep learning curve at all. The interface is very easy to comprehend, and all sports trading happens on a highly intuitive downloadable app for added convenience. I certainly recommend that you give it a go if you want to try something new and different from traditional sports betting and enjoy better odds while you're at it too.

User Reviews for Sporttrade

No review posted yet.

Post your own Review

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Sports
Sporttrade
Favicon
Rating follows
  • More favorable odds than regular sportsbooks
  • You can enjoy real-time trading to maximize profits
  • Ability to set your own prices
Sporttrade Bonus
-
T&Cs apply, 21+
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