How Does Sporttrade Work?

How to use Sporttrade

Sporttrade differs from traditional betting apps, as it qualifies as a betting exchange. With a betting exchange, players are actually wagering against other players rather than the sportsbook. This means the odds are not set by oddsmakers for the sportsbook, but are determined by the amount of money and wagers on each side of the bet.

Since you aren't betting against the sportsbook, Sporttrade collects 2% of winnings. Don't worry though, because that is already factored into the potential payout it shows you when placing an order, so you know exactly what it will pay.

Even though the lines are set differently and look different depending on the settings you choose (we'll get more into that later), betting essentially works the same. You choose which side you are on, and place a wager of any size on that result to happen.

On Sporttrade, your bets are in the form of shares. Whatever price the bet is trading at, you buy shares for that amount. You can buy multiple shares or fractions of a share depending on your bet sizing. Then when the event ends, all shares settle at either $100 or $0 depending on whether the result you picked wins or loses.

If you want to learn more, read this full Sporttrade review.

How to Use Sporttrade: Example

Choose which side you are backing

Just like any other betting app, you are choosing which side of the bet you think will win.

Sporttrade offers moneyline, spread, game totals, and futures.

As you can see, the odds are listed in multiple ways. Here, American odds are listed in green and are based on $100 bets.

This is the form of odds most Americans are familiar with from other betting apps.

The unique odds system is the implied probability odds Sportrade offers.

This is how much it costs to buy one share of that result. Implied probability means that the side closer to $100 is the team more likely to win

Select your bet size using your preferred style of odds

Pick whichever odds style is easiest for you to understand.

Now it's time to decide how much you want to bet.

Buy shares (you can buy multiple, or fractions of a share)

Choose the dollar amount you're looking to wager

Click Place Order - and you're good to go!

Sporttrade LiquiBoost

If there is a bet listed that doesn't have the liquidity you want, you can message Sporttrade and it will find someone willing to take the opposite side. You must be looking to buy at least 50 shares to use this feature, so this feature is for the high rollers.

Wait for your bet to settle

Bettors using American odds:

A $100 bet on Tampa Bay will pay $347 in profit in a win
A $396 bet on Kansas City will pay $100 in profit in a win

Bettors using implied probability odds:

One share for Tampa Bay to win costs $22

One share & resulting in a win= $100 ($78 profit)

One share for Kansas City costs $79.5

Buying one share & resulting in a win= $100 ($20.5 profit)

Of course, any bet resulting in a loss will settle at $0

States where you can use Sporttrade

The 5 states Sporttrade is available for use are:

Arizona
Colorado
Iowa
New Jersey
Virginia

Anyone 21+ can create a Sporttrade account, even if they don't live in one of these states. However, you can only wager when you are located in one of them.

It should be noted that New Jersey is currently the only state that Sporttrade legally operates as a betting exchange, but it still functions similarly to one in the other states. If there is a bet you don't see, message Sporttrade and it will search for someone to take the other side of that bet.

Why use a betting exchange like Sporttrade?

Better odds 🤑

The main benefit of the betting exchange style is the better odds it produces. Sportsbooks that make their own odds take more juice, but Sporttrade odds are set by the bettors on each side of a market. This results in better value for the player. A 50/50 bet on standard betting apps is usually represented with -110 odds, whereas Sporttrade will offer it as a true even payout.

It may not seem like a big difference, but it adds up quickly and greatly affects the payout for large bets.

Improved odds are the pride of Sporttrade, as it's confident that you won't find better anywhere else.

Very high limits 💰

Sporttrade attracts betting sharps and high-value bettors for good reason. Besides the better odds, Sporttrade also allows you to bet much more on any given order than other betting apps. The maximum bet for any order is capped out at an astounding $200,000. If someone is betting this amount, the odds make a world of a difference.

How to Customize Settings on the Sporttrade App

Under account preferences, there is a button for 'Trading Experience.'

Here you can change:

Odds Price - Choose between implied probability (ex: $61.5) or American odds (ex: -163).

Trading Mode - Choose between simple (shorting is not allowed) or advanced (shorting is allowed).

Bet Type - Bet in dollars or shares.

Display Settings - Turn on or off the display of American odds & liquidity (how many shares are available) when looking at a market.

How to Sign Up For Sporttrade

Download Sporttrade App

Use Promo Code BAST

1. Download the Sporttrade App

After clicking the link, you'll be directed to download the Sporttrade app from the App Store or Google Play Store.

2. Enter Your Referral Code

Entering the referral code comes early in the process, so you don't want to miss it by accident. Once you click sign up, there will be an option 'Have a referral code' at the bottom of the screen. Click in, and enter code BAST before hitting submit.

3. Continue to Sign up for a Sporttrade Account

After the referral code is entered, you'll continue the process. To sign up, Sporttrade needs your:

Email address
Full legal name
Date of birth
Phone number
Address
Last 4 digits of SSN
Form of ID (driver's license, passport, other)

4. Start betting with Sporttrade!

Once your information is confirmed by Sporttrade, your account is ready to go! Make your first deposit and begin betting with this special betting exchange.

Download Sporttrade

Sporttrade review

Sporttrade Sign Up Bonus

When new players sign up for Sporttrade using the promo code BAST, they can take advantage of the new user offer. For the first 7 days, new users earn 10% of their bets back, win or lose. The max value is $300, so it takes $3,000 in bets to claim it all. However, this doesn't mean you need to spend $3,000 since the cashback is awarded in wins as well.

The cashback is awarded to your account after the first week is over and is then immediately available for withdrawal. It isn't bonus bet money or balance that comes with a play-through requirement, it is yours to take.

Sporttrade FAQ

Does Sporttrade have live betting?

Yes, Sporttrade is a great app for live betting. Live bets go through extremely quickly without the lines changing on you as you try and place it. You end up with the best live betting odds with Sporttrade.

Can I bet parlays on Sporttrade?

Currently, Sporttrade doesn't have parlay options. However, it is something Sporttrade is looking to add in the future.

Where can I sign up for Sporttrade?

You can download Sporttrade from the App Store or the Google Play Store. From there, you can sign up in just a few steps.

Is there a promo code for Sporttrade?

Yes, if you use the promo code BAST you can claim the valuable bonus Sporttrade offers. Earn 10% back during your first week of betting (up to $300).

Where is Sporttrade legal?

Sporttrade recently launched in Virginia, making it legal in 5 states.

Arizona
Colorado
Iowa
New Jersey
Virginia

Sporttrade will focus on building its product in these states before any further expansion.

Jake Koehler

Content Writer

Since I was a kid, sports have been a major part of my life. I played football and basketball, and I'm still an avid golfer. My love for sports naturally led to a passion for sports betting, which I've pursued for six years. Initially, I relied on offshore bookies in Oregon, but since the approval of legitimate sites in 2022, I understand the importance of using reliable, well-structured apps for betting. As a strong advocate for smart sports betting, I aim to guide bettors in the right direction.

I hold a Writing for Entertainment Media degree from Oregon State and a journalism certificate from Palomar College. My goal has always been sports journalism, and writing in the sports betting industry allows me to combine my skills and interests effectively.

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