Prophet Exchange, the newly launched New Jersey-based peer-to-peer sports betting exchange, offered better pricing and odds than traditional sportsbooks, based on the average prices and odds on New Jersey-based sports wagering operators, for the first seven weeks of the 2022 NFL season.
A bettor who staked $100 on the Jets moneyline each week since the start of the season would have made $713.00, an 10.37% increase over a traditional sportsbook ($646.00). Similarly, a bettor who bet $100 on the Giants moneyline each week since the start of the season would have made $987.00, an 8.94% increase over a traditional sportsbook ($906.00). And a bettor who has backed the undefeated Philadelphia Eagles in each game up to their bye week will have taken home 10.9% more winnings on Prophet Exchange.
“We are excited to see our bettors reach this amplified level of payout using Prophet,” said Prophet Exchange CEO Dean Sisun. “By staking each week on these teams, they’re walking away with not only more of a profit, but the confidence that our peer-to-peer betting strategies are effective.”
“We are passionate not only for the continued success of our bettors but for the Giants, Jets, and Eagles to continue their winning ways as well. It’s a win-win all around,” said Sisun. “This is an exciting time for New Jersey bettors and their favorite teams.”
Prophet Exchange operates a peer-to-peer model—the first of its kind in the United States—and acts solely as an intermediary. This means it takes no risk, and simply allows users to set prices, or place bets on prices already set by other users. They offer moneyline, spread, and total markets for NFL, NBA, NHL, MLB, NCAA Football & Basketball games, and will continue to add new sports and markets as the platform scales.
The Prophet Exchange platform is available on iOS, Android, and web in New Jersey.