Sporttrade Promo Code & App Review 2024 | Is It Legit?

Sporttrade combines the excitement of stock trading with the thrill of sports betting and is now live in New Jersey, Colorado, and Iowa! But does it actually live up to the hype? And more importantly, is it a legitimate platform that you can trust? Well, let’s find out! In this article, we’ll provide an in-depth review of the Sporttrade betting app and help you decide if it’s a good fit for you!

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Author’s Quick Take on the Sporttrade Betting App

After my team’s thorough review and getting a chance to test the app out for myself, I have to say…I’m a big fan of Sporttrade and the unique betting experience that it offers!

The app’s innovative pricing model (with multiple odds makers and a commission structure) really helps set it apart from traditional sportsbooks, giving bettors access to fairer and more competitive odds. This means better value for your bets and potentially higher returns on your investments!

Plus, as a dynamic sports trading platform (i.e., sports betting exchange), Sporttrade makes sure you won’t ever have to worry about the “Cash Out” button being unavailable. You can buy or sell your positions at any time based on what the market is willing to pay for it, allowing for greater flexibility and control over your bets.

That said, there are a few downsides worth mentioning. First, the app is by no means beginner-friendly. It’s tailor-made for those with an interest in both sports betting and stock trading. So, if you’re new to either of these worlds, you may find the platform a bit overwhelming at first.

In addition, it’s currently only legal and accessible in three U.S. states: Colorado, Iowa, and New Jersey.

Ultimately, if you don’t happen to live in an eligible state or you’re not sure if the Sporttrade betting app is a good fit for you, that’s okay! Just check out our list of the best U.S. sportsbooks in 2024, where you’ll find tons of other great options to explore!

Reviewed By: Peyton Powell

Fact Checked By: Mike McDermott

Ratings Breakdown

Pros & Cons

What Is Sporttrade? A General Overview

Sporttrade is a unique betting app that, in my opinion, has to be experienced to be fully understood. But I’ll do my best to explain anyway!

The platform was first launched in September 2022 and is best described as “stock trading meets sports betting.” Users can buy and sell shares of different bets at any time (just like you would a stock) and then track their portfolio’s performance in real time.

To put it simply, the Sporttrade app is a live betting experience with a twist—it combines the excitement of sports wagering with the dynamics of stock trading, offering users a new way to engage with their favorite sports events while potentially profiting from their insights and predictions.

How Does Sporttade Work?

Are you still a bit confused about how Sporttrade works? Don’t worry, we’re here to help! Here is a quick breakdown of what makes it different from traditional sportsbooks and mobile betting apps:

Odds Pricing

Unlike traditional sportsbooks, Sporttrade is not “The House.” They are not making the odds or taking the other side of your wagers. Instead, they are connecting you with multiple market makers that are competing to offer the best prices and highest limits.

As a result, you can typically expect main lines to be around -105 (and sometimes even better!). However, since the app is not setting the odds or charging a vig, they do take a 2% commission on all profitable trades.

Implied Probability

Instead of using moneyline odds (-250, -110, +175, etc.) to display bets, Sporttrade outcomes are based on a 0-100 scale that illustrates the “Implied Probability” of an outcome according to the market.

For example, if a team is listed to win at $50.00, it means the market believes there’s a 50% chance of that outcome occurring, and it would cost $50 to buy one contract.

However, if this seems a bit complicated, Sporttrade gives you the option to just use the standard “American Odds” and also bet in dollars rather than shares/contracts.

Limit Orders

Lastly, Sporttrade lets you use limit orders for your bets. This means you can choose the price at which you’d like to buy or sell different wagers, providing you with more control over your betting strategy.

With limit orders, you can set specific conditions for executing your bets, helping you to maximize your potential returns and minimize risks. It’s a powerful tool that adds flexibility and precision to your sports betting experience.

Sporttrade Promo Code & Sign Up Bonus – Rating 3/5

Betting apps typically provide generous sign-up bonuses to attract new customers and provide extra value right from the start…and Sporttrade is no exception!

When you sign up today, you’ll instantly qualify for the sportsbook’s 10% Cash Back Offer. This means you’ll get 10% cash back on every bet you place during your first week, earning up to $300 in bonus funds as a result.

And don’t worry! Our team here at ATS.io has already tested the Sporttrade Sign Up Bonus for ourselves, and we are happy to report that it is 100% legitimate.

There are no hidden terms or conditions, and the bonus funds are credited to your account automatically at the end of the week, making it easy to take advantage of this fantastic offer.

Ongoing Bonuses & Promotions

Unfortunately, Sporttrade is a bit limited when it comes to ongoing bonuses and promotions. You won’t have access to daily odds boosts, no-sweat bets, same-game parlay insurance, Bet & Get offers, and other similar promotions that are commonly offered at traditional U.S. sportsbooks.

That said, Sporttrade does currently offer the “LiquiBoost” promotion for big bettors. Here’s a quick breakdown of how it works:

• To opt in, just text 215-287-1165.
• In your message, provide the outcome or market you’re interested in (e.g., Celtics moneyline) and your desired bet size (minimum of 50 shares).
• You can then expect to receive a boosted offer within just a few minutes.
• For example, the odds may jump from -148 to -130 (or maybe even more!) when you take advantage of this promotion.

Banking Options – Rating 3/5

When it comes to banking, Sporttrade has you covered with plenty of safe and convenient options for both deposits and withdrawals. Here’s a quick breakdown of everything you need to know:

Deposits

If you’d like to add funds to your account, you can use any of the following payment methods: Online Banking, PayPal, or Venmo. Plus, if you live in New Jersey, it’s also possible to make cash deposits at Bally’s Atlantic City!

However, it’s important to note that debit cards and credit cards are not acceptable forms of payment at this time.

Withdrawals

Then, when you’re ready to cash out your winnings at Sporttrade, the withdrawal options are the exact same as the deposit options: Online Banking, PayPal, Venmo, and Cash (at Bally’s in NJ).

Withdrawing funds to your bank account takes roughly 3-5 business days, while PayPal and Venmo withdrawals are typically completed within 2 business days.

On the other hand, in-person cash withdrawals at Bally’s Atlantic City are immediate, but you’ll need to first submit a withdrawal request on the app and follow the specific instructions provided via email.

Mobile App & User Experience – Rating 4/5

Sporttrade currently offers a dedicated mobile app in the App Store (for iOS devices) and the Google Play Store (for Android devices). During my review, I tested the sports betting app on my iPhone. And I have to say…I was really impressed with the overall user experience!

The Sporttrade mobile app is very user-friendly and easy to navigate. It is neatly organized into four different tabs—”Portfolio,” “Markets,” “Futures,” and “Account”—allowing users to access key features with just a few taps.

The “Portfolio” tab provides a snapshot of your investments, enabling you to track performance and make informed decisions with ease while at home or on the go. Then, in the “Markets” tab, you can explore a wide range of sports markets available for betting/trading.

The “Futures” tab, as you’d expect, focuses on future wagers across the NBA, NFL, MLB, and plenty more. Here, you can make predictions on upcoming events or outcomes like championship winners, regular season performances, and individual player accolades.

Lastly, the “Account” tab serves as a centralized hub for managing preferences and settings. From adjusting display modes to configuring notifications, users have full control over their trading experience.

This level of customization ensures that each user can tailor the app to suit their individual needs and preferences.

Overall, the Sporttrade mobile app delivers an impressive user experience, earning a stellar 4/5 rating from me and my team. Its user-friendly interface, organized layout, and customizable features make it a top choice for sports betting enthusiasts on the go!

Sporttrade App Ratings & Reviews in 2024

Sporttrade Sportsbook Betting Options – Rating 3/5

Sporttrade does a pretty decent job when it comes to the different sports covered and types of wagers offered on the app. So, you should have no problem finding a wide range of betting options that align with your unique interests and personal preferences.

Here’s a quick breakdown of what you can expect:

Sports & Leagues Covered

Types of Bets Offered

Sporttrade currently offers the following types of wagers:

• Moneylines
• Spreads
• Totals (Over/Under)
• Futures
• Prop Bets

Unfortunately, you cannot currently place parlays, same-game parlays, or teaser bets on the app. However, it seems that Sporttrade is constantly looking to expand its offerings, so be on the lookout for some of these options to potentially become available in the not-so-distant future!

Safety, Security, & Fairness – Rating 5/5

Before you sign up for an online sportsbook, it’s always a good idea to first take three key factors into consideration: safety, security, and fairness. These are essential elements that ensure a positive and reliable betting experience.

Fortunately, with Sporttrade, you can rest assured knowing that they excel in all three areas, earning a perfect 5/5 rating from me and my team in this crucial category. Allow us to explain why by answering some of the most important questions on the topic!

Is Sporttrade Legit?

Yes! Sporttrade is a legitimate online sportsbook and mobile betting app.

It is licensed to offer real-money wagering on sporting events by the New Jersey Division of Gaming Enforcement, the Colorado Division of Gaming, and the Iowa Racing and Gaming Commission.

This demonstrates that Sporttrade operates within the legal framework of the states where it is licensed, ensuring that it adheres to strict regulations and standards for fair and secure sports betting.

Additionally, Sporttrade employs industry-standard security measures to safeguard user information and transactions, providing a trustworthy and reputable platform for sports bettors in eligible U.S. states.

Who Is the Owner of Sporttrade?

Alexander Kane is the founder and CEO of Sporttrade. He has a background in finance and a passion for sports betting, which led him to create Sporttrade with the vision of revolutionizing the sports wagering industry.

Where Is Sporttrade Legal?

As of now, Sporttrade is legally authorized to offer sports betting services in Iowa, New Jersey, and Colorado. The company is actively pursuing regulatory approval to expand its services to additional states in 2024 and beyond. This expansion strategy underscores Sporttrade’s commitment to providing regulated, safe, and competitive sports betting options across the United States, ensuring compliance with local laws and regulations in each market they enter.

Sporttrade Customer Support – Rating 4/5

If you ever have any questions or concerns, don’t hesitate to reach out to the Sporttrade customer support team in one of the following ways:

• Live Chat: Available on the app 7 days a week from 10:00 am to 10:00 pm EST
• Email: [email protected]
• Phone (Text Message): 215-287-1165
• Submit a Request: Click Here
• Twitter: @sporttrade_app
• Other: Sporttrade FAQ Page

During my review, I reached out via live chat, and I received a response in just 1-2 minutes! The support agent was very friendly and knowledgeable, and they answered all of my questions quickly and efficiently.

How Does It Compare to Other Sports Betting Apps?

Now that you’ve learned all about Sporttrade, are you wondering how it stacks up against the competition? Well, let’s find out.

Here’s a quick breakdown of how the platform compares to other popular sportsbooks and sports betting exchanges in the United States today:

DraftKings vs Sporttrade

DraftKings is one of the biggest names in the American gaming industry, and its online sportsbook has a few key advantages over Sporttrade.

For starters, DraftKings Sportsbook offers a much wider range of betting markets. They cover more sports and leagues while also providing a bigger selection for prop bets and alternate lines. In addition, DraftKings is available in many more states, giving more bettors access to their platform.

That said, Sporttrade does have a bit of an edge over DraftKings when it comes to odds pricing. Since they use multiple market makers (who are competing to offer the best prices), Sporttrade is typically able to offer better odds across the board.

FanDuel vs Sporttrade

Another great option is FanDuel Sportsbook, which outperforms the competition in a handful of important categories. For example, FanDuel offers arguably the best mobile app in the sports betting industry, making it a top choice for bettors who prioritize convenience and usability.

Plus, FanDuel is one of the best in the business when it comes to rewarding everyday customers and adding extra value to the betting experience. You can expect to benefit from daily odds boosts, no-sweat bets, same-game parlay insurance, and plenty of other exciting promotions on a consistent basis.

However, it is worth noting that FanDuel is not a betting exchange like Sporttrade. This means that while FanDuel excels in providing a traditional sportsbook experience with a wide range of betting options and promotions, it doesn’t offer the unique trading aspect that Sporttrade does.

Prophet Exchange vs Sporttrade

If you’re looking for another dynamic sports trading platform, Prophet Exchange may be your best bet. Like Stockttrade, Prophet Exchange lets you buy and sell different wagers (just like stocks), and you’re sure to appreciate its user-friendly interface and robust trading features.

Ultimately, you can’t go wrong with either option. But, in my opinion, Sporttrade offers a better overall live betting experience, while Prophet Exchange is a bit more beginner-friendly and easier to wrap your head around if you’re new to these types of betting platforms.

How To Sign Up & Start Betting in CO, IA, or NJ

Final Thoughts & Overall Rating for Sporttrade: 3.7/5.0

After my team’s deep dive and getting a chance to test the app out for myself, I think it’s safe to say that Sporttrade truly does offer an “unparalleled player experience” as they claim!

Stellar prices, zero bet delays, and no limits are just a few of the many things you’re sure to like about this fast-growing sports betting exchange. Plus, you’ll also enjoy a user-friendly mobile app, above-average customer support, and a unique welcome offer for all new customers.

But if you don’t happen to live in an eligible state (Colorado, Iowa, or New Jersey) or you’re interested in exploring other options, that’s okay! We encourage you to check out some of the latest sportsbook promos in the U.S. today to see if you can find something that better fits your preferences and location.