TOP SPORTTRADE PROMOS & BONUSES: AUGUST 2024

1. Which Types of Sportsbook Promos Does Sporttrade Offer?

2. Is Sporttrade Legit?

Yes, Sporttrade is a legitimate sports betting platform. It was established in 2018 and operates under the regulatory oversight of the New Jersey Division of Gaming Enforcement, ensuring compliance with stringent standards for fairness and security.

Sporttrade offers an innovative exchange-like model for sports bets, which promotes transparency and user trust. It has garnered positive reviews from both users and industry experts for its unique approach and user-friendly interface, further establishing its credibility in the sports betting market.

3. Which States is Sporttrade Legal in?

Sporttrade is legal and operational in the three states below:

• New Jersey: Sporttrade was first introduced in New Jersey in 2021, where it operates under the regulation of the New Jersey Division of Gaming Enforcement, ensuring compliance with strict standards for fairness and security.

• Iowa: Sporttrade expanded its operations to Iowa in 2023, after obtaining the necessary regulatory approvals, providing residents with access to its innovative sports betting platform.

• Colorado: In 2023, Sporttrade also launched in Colorado, following the state's approval, bringing its unique exchange-like model for sports bets to Colorado residents.

4. Does Sporttrade Offer Promos for New Users?

Yes, Sporttrade offers a variety of sportsbook promos for new users, often referred to as welcome bonuses or signup bonuses. These promotions are designed to enhance the initial betting experience and can include free bets, risk-free bets, and deposit bonuses.

These offers help new users get started and explore the different betting options available on the platform, making the entry into sports betting more enticing and rewarding.

You can find Sporttrade's best sportsbook promos for new users at the top of this page.

5. Does Sporttrade Offer Promos for Existing Users?

While not as generous as their welcome bonuses, Sporttrade does offer promos for existing users. These promos, often referred to as reload offers or ongoing offers, come in various forms. They commonly include profit boosts, enhanced odds, and bonus bets.

If you’ve already used all of your welcome bonuses, check out how you can maximize the profits you can make from promos as an existing user here.

6. How Can I Claim Sporttrade Promos & Codes? 

To claim Sporttrade promos and codes, follow these steps:

1. Create an Account:

   • Sign up on the Sporttrade website or mobile app by providing the required personal information and completing the registration process.

2. Enter Promo Code:

   • During the sign-up process or within the designated promo code section in your account settings, enter any valid promo codes you have to activate the offers.

3. Make a Deposit:

   • Deposit the minimum required amount to qualify for deposit-related bonuses. Ensure you follow the specific terms and conditions associated with the promo.

4. Place Qualifying Bets:

   • Place bets as specified by the promotion, such as a certain minimum amount or type of bet, to activate free bets, risk-free bets, or other offers.

5. Check Your Account:

   • Once the qualifying conditions are met, the bonus credits or free bets will be automatically credited to your account. Check your account balance or the promotions section to confirm receipt.

6. Follow Terms and Conditions:

   • Ensure you understand and comply with all terms and conditions associated with each promo, such as wagering requirements or expiry dates, to fully benefit from the offers.

While this process of claiming promos is generally a pretty standard one, you can still end up risking your cash if you lose the game you wager on. However, there is one method you can follow when claiming promos that will guarantee you profit from your offer each and every time (see section 14). 

7. What Was Sporttrade's Most Generous Promo Ever? 

Sporttrade's offer of 10% cash back on every bet during your first week, up to $300, stands out as one of their most popular promotions to date. This limited-time offer, introduced in June 2024, allows new users to receive a cash rebate equivalent to 10% of their total bets placed within the first week of signing up, capped at a maximum of $300.

Why It's Popular:

• Generous Cash Back: Users appreciate the opportunity to earn cash back on every bet placed, providing a significant rebate on their initial wagering activity.

• No Minimum Bet Requirement: Unlike some promotions, this offer applies to all bets made during the first week, regardless of size, enhancing its appeal to users of varying betting preferences.

• Accessible Bonus Cap: With a maximum rebate of $300, the offer provides substantial value without requiring exceedingly high initial deposits or bets.

This promotion underscores Sporttrade's commitment to attracting and rewarding new users with a compelling incentive that enhances the betting experience right from the start. For the latest updates on Sporttrade's promotions and terms, visiting their official website is recommended.

8. How Good Is The Sporttrade VIP Program?

9. What Sports & Leagues Can I Claim Sporttrade Promos On?

10. Do You Need a Promo Code to Claim Sporttrade Promos?

While some Sporttrade promos require a code to be claimed, most of their promos in fact do not. And can be unlocked by anyone by following a few simple steps. 

For sign-up bonuses/welcome bonuses, this will usually require signing up to the sportsbook using the correct link, depositing and making your first bet. Whereas for ongoing offers you may need to opt-in to certain promos and seek out special reload bonuses sent to you via email.

However, these steps can differ depending on the promo type you’re using, so always make sure to read the T&Cs attached to the offer. Or better yet, remove the risk and learn the method you can use to convert promo offers into guaranteed cash every time (see section 14).

11. What T&Cs Does Sporttrade Have For Promos & Codes? 

12. What are the Pros and Cons of Sporttrade?

Pros:

1. Innovative Betting Exchange Model: Sporttrade operates as a betting exchange rather than a traditional sportsbook, allowing users to trade sports bets like stocks. This unique approach provides greater transparency and potentially better odds for users.

2. Regulated and Licensed: Sporttrade is licensed by regulatory bodies such as the New Jersey Division of Gaming Enforcement, ensuring compliance with strict standards for fairness, security, and responsible gambling practices.

3. Promotions and Bonuses: The platform offers a variety of promotions and bonuses, including free bets, deposit matches, cashback offers, and more, enhancing the overall betting experience.

4. Transparent Pricing: Users can see real-time market prices for bets, allowing them to make informed decisions based on current market conditions.

5. User-Friendly Interface: Sporttrade provides a user-friendly interface on both desktop and mobile platforms, making it easy for users to navigate, place bets, and manage their accounts.
   
   

Cons:

1. Limited Availability: As of now, Sporttrade is only available in a few states such as New Jersey, Iowa, and Colorado. It may not be accessible to users in other regions or countries.

2. Learning Curve: The concept of a betting exchange may be unfamiliar to some users, requiring a learning curve to understand how to place and trade bets effectively.

3. Market Liquidity: The liquidity of markets can vary depending on the popularity of sports events and bet types, potentially impacting the availability of favorable odds or the ability to execute trades quickly.

4. Dependency on Market Dynamics: Since Sporttrade operates based on market supply and demand, users' ability to get desired odds or execute trades may be influenced by market fluctuations.

5. Customer Support: Depending on user feedback, customer support responsiveness and availability may vary, impacting user experience during troubleshooting or inquiries.

13. Are There Any Risks With Sporttrade Promos?

While claiming sportsbook promos with Sporttrade can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 free bet, a $1,000 risk free bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk free bets. Let's say you're gifted a $500 risk free bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a free bet). Place this free bet on the losing side and you've just lost $500 to the sportsbook. 
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from sportsbook promos risk-free, every time.

Sound too good to be true? Read the next section. 

14. How to Guarantee Profit From Sporttrade Promos

While it's true risks can arise when claiming sportsbook promos, one clever technique exists that can remove them and guarantee you profits from Sporttrade promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

15. Why Choose ProfitDuel?

At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month converting sportsbook promos.

How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple. 

Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add $1,000s to your monthly income.

When you've done that and you're ready to start earning guaranteed profits, sign up to ProfitDuel using our limited-time offer: 7 days ProfitDuel Premium for $1.