Sporttrade is an Android application that provides access to a regulated sports trading platform in the United States. This is a peer-to-peer exchange that allows users to buy and sell bets on sports events, just like stocks on the financial markets.
Getting started
Please note, that this platform is currently licensed in New Jersey and Colorado. To get started you have to create an account and verify your identity with photocopies of your ID. After that, it is necessary to deposit funds using your preferred method – bank card, transfer, or e-wallet. Further, you can browse the available markets and place your first trade. The app offers a $500 risk-free trading credit for your first 7 days.
Sports trading
This utility is different from the standard sportsbook apps. As a P2P exchange, Sporttrade does not set the odds or take a cut from your winnings. Instead, you are betting against other people. This means you can get the opportunity to set your own odds and wait for someone to match them.
You can see the live prices and liquidity on the exchange, as well as the win probability of your bets, which updates every second. It is possible to trade in and out of your wagers at any time, locking in a profit or stopping a loss.
There is a simple and intuitive framework to display the prices and outcomes. Instead of using odds formats, Sporttrade shows the probability of the outcome as a percentage from 0 to 100. There are no hidden fees and taxes. Users need to pay a low and transparent commission on each trade.
Features
- is an official client of the US sports trading platform;
- it is possible to buy and sell bets on sports events, unlike Hard Rock Bet;
- live prices are updated every second;
- the app is free to download and use;
- compatible with current Android versions.
