Sporttrade Promo Code and Review - 100% up to $300
At Horse.bet, we always look for innovative platforms that challenge the traditional sportsbook model. Sporttrade brings a fresh, trading-based approach to sports betting, which has several advantages over traditional fixed-odds betting.
Sporttrade is a sports betting exchange that brings a stock market-style trading approach to sports betting. Instead of traditional fixed-odds betting, it allows users to buy and sell positions on sports outcomes in real time. This model gives bettors more control over their wagers, as they can trade in and out of positions based on live market fluctuations.
Unlike online sportsbooks, where odds are set by the house, Sporttrade operates as a marketplace where users determine the prices. If a team is trading at $30 to win, that implies a 30% probability of victory. If the team’s performance improves, the price may rise, allowing traders to sell for a profit before the game ends. This unique model is especially attractive to bettors looking for better odds, lower fees, and a more dynamic betting.
Sporttrade was founded by Alex Kane, an entrepreneur passionate about merging financial trading principles with sports betting. The company is headquartered in Philadelphia, PA, and has secured investment from major players in both finance and gaming.
The Sporttrade platform is legal in Virginia, the app is live in New Jersey and Colorado, and is built on transparency, low costs, and a user-first approach, positioning itself as a true alternative to traditional sportsbooks like FanDuel and DraftKings.
The Sporttrade Referral Code and Promo for 2025
Sporttrade Promo Code | Betting Exchange Site |
Sign up Bonus | up to $300 |
Legal States | Colorado, Arizona, New Jersey, Virginia |
Betting Exchnage Site | getsporttrade.com |
New users on Sporttrade can claim a 10% cash back offer on all trades made within the first 7 days, up to $300. This means that instead of the typical risk-free bet model used by traditional sportsbooks, Sporttrade rewards bettors with cash back on actual betting volume.
What the Sporttrade new user referral promo code?
There is a specific referral code required for this Sportstrade offer in 2025 — use NJBET, the promo code is automatically applied to all qualifying accounts.
This promo stands out because it benefits active traders rather than casual bettors placing just a single bet.
How Does Sporttrade Work?
Sporttrade works similarly to stock trading, but instead of stocks, users trade sports event outcomes. Here’s a step-by-step breakdown:
- Buy a Position – You purchase a contract (bet) based on the probability of an outcome. For example, if the Philadelphia Eagles are trading at $40, the market suggests they have a 40% chance of winning.
- Sell a Position – If the Eagles’ odds improve to $60, you can sell your position to lock in profits before the game ends.
- Hold Until the End – If you hold onto your contract and your team wins, you receive $100 per contract. If they lose, the contract expires worthless.
- Live Trading – Unlike traditional sportsbooks, you can trade positions in real-time while the game is happening.
This setup allows for in-play betting, limit orders, and dynamic position management, making it ideal for bettors who prefer more strategic and flexible wagering.
How to Get Started on Sporttrade
Getting started with Sporttrade is quick and straightforward, especially for users in states where the platform is licensed.
- Download the App – The Sporttrade app is currently available on iOS devices in Arizona, Colorado, Iowa, New Jersey, and Virginia. Android users can access the app in Arizona and New Jersey for now, with more states to follow.
- Sign Up & Verify Your Sporttrade Account Using Bonus & Referral Code NJBET – Registration requires basic personal details and identity verification (driver’s license or passport).
- Deposit Funds – Users can add money via online banking, PayPal, or Venmo, with a $10 minimum deposit.
- Start Trading – Explore available markets, buy and sell positions, and take advantage of real-time price movements.
- Withdraw Winnings – Secure and fast payouts are available through the app’s cashier section.
Sporttrade’s interface is designed to be user-friendly, making it accessible even for those new to sports trading.
Where is Sporttrade Legal?
Sporttrade is currently legal and live in the following states:
- Arizona
- Colorado
- Iowa (exchange wagering not yet available)
- New Jersey
- Virginia (exchange wagering not yet available)
In Iowa and Virginia, Sporttrade functions as a traditional sportsbook until regulatory frameworks allow full exchange wagering.
The platform is expected to expand into additional states in 2025 as more jurisdictions approve betting exchanges.
Available Sports & Betting Markets
Sporttrade offers major professional and college sports, including:
- Football (NFL, NCAAF)
- Basketball (NBA, WNBA, NCAAB)
- Baseball (MLB)
- Golf
- Hockey (NHL)
The platform supports moneyline, point spread, and total points (Over/Under) markets, similar to traditional sportsbooks. However, horse racing is not currently available on Sporttrade, which is a drawback for racing fans.
Horse.bet’s Opinion on Sporttrade
Pros of Sporttrade:
✅ Better Pricing & Lower Fees – Odds are determined by market forces, often leading to better value bets.
✅ Live Trading & Early Cash-Outs – No need to wait until the game ends to realize profits or cut losses.
✅ Transparency – Uses real-world market data instead of relying on the house to set odds.
Cons of Sporttrade:
❌ Limited Availability – Currently available in only a few states.
❌ Learning Curve – New users might need time to understand buying, selling, and pricing mechanics.
❌ No Horse Racing – A significant downside for fans of horse betting.
Overall, Sporttrade is a strong choice for experienced bettors who want more control, flexibility, and better odds. However, casual bettors who prefer traditional sportsbooks might find the trading aspect too complex.
How Sporttrade Compares to Other Platforms
Feature | Sporttrade | Betfair Exchange | DraftKings | FanDuel |
---|---|---|---|---|
Betting Model | Exchange (Buy/Sell) | Exchange (Buy/Sell) | Traditional | Traditional |
Fees | Low (only on profits) | Low (commission-based) | Higher margins | Higher margins |
Live Trading | ✅ Yes | ✅ Yes | ❌ No | ❌ No |
Markets | Major US Sports | Global Sports | Global Sports | Global Sports |
Horse Racing | ❌ No | ✅ Yes | ✅ Yes | ✅ Yes |
Sporttrade’s closest competitor is Betfair Exchange, which operates on a similar bet-trading model but is not widely available in the U.S. Compared to DraftKings and FanDuel, Sporttrade offers better odds, lower fees, and the ability to cash out early, but lacks traditional betting promos and a wider range of markets.
Sporttrade Contact Information
For customer support, users can reach Sporttrade via:
📧 Email: Sporttrade Support
📞 Text: 215-287-1165
Final Verdict: Is Sporttrade Worth It?
Sporttrade is a fantastic option for serious sports bettors looking for a fairer, market-driven approach. It’s a game-changer in the industry, offering dynamic, live trading opportunities that traditional sportsbooks can’t match.
For those who enjoy trading and sports betting, this is one of the most innovative platforms available today. However, casual bettors or those looking for horse racing markets may want to explore other options.
👉 Verdict: 9/10 – Best for serious bettors who want better odds and live trading options.