New Player $250 Risk Free 1st Bet

Risk Free Bet up to $250 on First Matched Wager

How to claim this offer:

  • Deposit a minimum of $10 or more 
  • Place a bet, if it losses you'll receive a bonus in the amount of your 1st losing bet up to $250
  • Credit will be applied within 24hrs after an eligible losing bet has been graded
  • Winning bets will be paid out the stake + winnings and are NOT eligible for a bonus  

If your bet loses, you will be awarded a bonus up to $250 within 24 hours after the bet has been graded.

General Bonus Terms

  • No minimum odds requirement
  • Bonus progress is only counted once your eligible bets have been settled
  • Only matched or partially matched bets will count toward bonus progress 
  • Bets that settle as a "Push" will count towards bonus progress 
  • Your promotional balance can be found under your account balance

Wagering Requirement & Order of Funds

  • You must play through your Bonus + 1st deposit amount to meet the playthrough
  • Any available bonus funds will be used first, followed by available cash
  • Any bonus funds/cash used towards unmatched, canceled, or voided bets will be returned immediately to their respective wallet

Additional Terms

  • Purposefully matching against another user can void your bonus 
  • Matching yourself or hedging on the same market while a bonus is active will void your bonus & any winnings
  • Requesting a withdrawal immediately after depositing will void your bonus & any winnings

TERMS & CONDITIONS

  1. Description of Promotion

The Risk-Free Bet up to $250.00 (two hundred and fifty dollars) on Eligible Players first matched wager (“Eligible Wager”) will receive a promotional bonus of equal to the amount of the Eligible Player’s first matched wager, up to $250.00 (two hundred and fifty dollars), if Eligible Wager loses.

This promotion is only available to new eligible accounts on Prophet Exchange. Stake Trade, Inc. d/b/a Prophet Exchange (“Prophet Exchange” or “Sponsor”) is the Sponsor of this promotion, located at 720 Monroe St, Hoboken NJ, 07030.

  1. Promotion Period

The Promotion will begin on November 17, 2022, at 12:01 AM ET in New Jersey and will end at 11:59 PM ET on December 31, 2022. Or at the discretion of Prophet Exchange. (the “Promotion Period”).

  1. Eligibility

The Promotion is only open to individuals who are at least twenty-one (21) years of age and are physically present in New Jersey during the Promotion Period.  If your social security number is associated with another Prophet Exchange Account in Sponsor's database, you may only earn one Promotion Bonus in respect of all such Prophet Exchange Accounts under this Promotion.  Employees, officers and directors of the Sponsor, their parent companies, and each of their respective affiliates, subsidiaries, cable/satellite affiliates, advertising and promotion agencies, retailers, distributors, and each of such employees’, officers’ and directors’ immediate family members and/or those living in the same household (whether legally related or not) of each are not eligible to participate in the Promotion or receive a Promotion Bonus.  Additionally, Prophet Exchange reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. 

  1. Action Required

Upon signup up for a new Prophet Exchange account, make a deposit of at least $10.00 (ten dollars) and then place your first real money wager on any Eligible Event up to $250.00 (two hundred and fifty dollars).  The first real money wager that is matched will be considered the Eligible Player’s first matched wager for purposes of the Eligible Wager.  Eligible Players matching the opposite side or outcome of the Eligible Wager will be disqualified from Promotion and the Promotional Bonus will be forfeited.

Eligible Player is permitted to re-bet the same outcome at different odds or a different spread if Eligible Player’s Eligible Wager is not matched up to $250.00 (two hundred and fifty dollars). For example, Eligible Player makes a $250.00 offer on Team A’s Spread.  Eligible Player’s offer is only partially-matched for $200.00.  Eligible Player may offer or wager an additional $50.00 on Team A’s spread to complete the Eligible Wager. If Eligible Wager is not matched the full $250.00 when the event settles, the Eligible Wager will be the final amount that was matched prior to settlement up to $250.00.

  1. Claiming Promotion Offer

In the event, your Eligible Wager loses, you will receive a promotional credit equal to the amount of your losing Eligible Wager, up to a maximum of $250.00 (two hundred fifty dollars) (“Promotional Bonus”).  If your Eligible Wager wins, you will not receive any Promotional Bonus.  If applicable, the Promotion Bonus will be credited to your Prophet Exchange Account within seventy two (72) hours of completing your completion of the Promotion Requirements. However, credits will be issued sooner when possible. Maximum Promotion Bonus is $250.00 (two hundred fifty dollars)  in promotional credit. Promotion Bonus recipients will be solely responsible for all federal, state, and local taxes, and for any other fees or costs associated with the Promotion Bonus received, regardless of whether the Promotion Bonus, in whole or in part, is used.  The Promotion Bonus value may be reported for tax purposes as required by law. 

  1. Registration Procedures

To qualify for the Promotion, eligible individuals must register for an active Prophet Exchange member account by creating a Prophet Exchange account at ProphetBettingExchange.com. Privacy policy and rules apply in order to create a new Prophet Exchange account.   

  1. Limitations on Participation

Prophet Exchange reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith.  This Promotion is void where prohibited by law. One (1) Promotion Bonus per participant and or household.

  1. Expiration

The promotional period will end thirty (30) days after the site credit is credited to your Prophet Exchange Account.  

  1. Wagering Requirements

Please see Section 4.  Any wager placed after the expiration of the Promotion Period will not be deemed an Eligible Wager.  Eligible Players are permitted to re-bet the same outcome at different odds or a different spread if Eligible Players’ Eligible Wager is not matched up to $250.00 (two hundred and fifty dollars). Eligible Players matching the opposite side or outcome of the Eligible Wager will be disqualified from Promotion and the Promotional Bonus will be forfeited.

If your Eligible Wager loses and you receive the Promotion Bonus, the Promotional Bonus is non-withdrawable until the bonus funds are wagered as a one time (1x) play through on Eligible Games with a minimum of -300 odds or greater (“Play Through Requirement”).  

Any wagers placed after your first Eligible Wager will not be deemed eligible for the Promotional Bonus. If bonus dollars or real money is used to place a wager that goes unmatched, the funds will be refunded to the respective wallet for future use once the wager has unmatched.  For example, if You wager fifty dollars ($50) of bonus funds and only twenty five dollars ($25) is matched, then the remaining twenty five dollars ($25) will revert back to your Bonus Wallet. Any unmatched wagers will not count towards the wagering requirement.  Any funds that are returned due to a push when an event settles will count towards the wagering requirement. Please see Prophet Exchange site Terms and Conditions for more information regarding unmatched wagering and pushed bets.

Eligible participants may not match both sides of the Bonus. If any eligible participant is found to have matched both sides of the same event in order to clear the wagering requirement for the Bonus, it will then be deemed void and will not be permitted to withdraw.

  1. Order of Funds Used for Wagering

New eligible customers must make a real money deposit in their Prophet Exchange account before they are eligible to participate in this Promotion. Eligible Customers must wager their full Promotional Bonus to complete the Play Through Requirement.  Deposited funds may be withdrawn at any time, but Promotional Bonus funds cannot be withdrawn until Play Through Requirement is completed.  If Player wishes to withdrawal Promotional Bonus before the Play Through Requirement is completed, Eligible Customer will forfeit any and all winnings from Promotional Bonus. Eligible participants may not match both sides of the Bonus. If any eligible participant is found to have matched both sides of the same event in order to clear the wagering requirement for the Bonus, it will then be deemed void and will not be permitted to withdraw. Upon completion of the Play Through all bonus funds and applicable winnings are withdrawable. Bonus funds must be used before cash.

  1. Eligible Games

All Money Line, Futures, Players Props, Spreads, and Totals markets offered on Prophet Exchange will be eligible to complete bonus wagering requirement. All players must avoid betting both sides of the same event (hedging) while using bonus funds. All bets must be matched or partially matched and fully settle before counting towards the Play Through Requirement.

  1. Restrictions on Withdrawal

The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole discretion.  The Promotion Bonus may only be used for wagering on your Prophet Exchange Account. Any unused portion of the Promotion Bonus will be automatically withdrawn from your Prophet Exchange Account thirty (30) days after being credited to your Prophet Exchange Account per the Expiration Period. You may withdraw your deposited funds without penalty or Play-Through Requirement at any time.

  1. Cancellation

Should you wish to cancel your participation in this Promotion at any time, please contact customer support at prophetexchange.com or call (866)-686-0377. Upon cancellation, you may withdraw any funds you have deposited into your account without restriction or Play Through Requirement. However, any Promotion Bonus amount in your account shall remain subject to the order of funds used for wagering detailed in Section 9 before it may be withdrawn.

  1. Gambling Problem

If you or someone you know has a gambling problem, help is available. Call 1-800-GAMBLER. You can also visit our website at ProphetExchange.com for additional information on problem gambling. 

  1. Additional Terms

Administration:  If a dispute or discrepancy, Prophet Exchange site terms and conditions and all house rules take precedence over promotional terms and conditions. One (1) Promotion Bonus per participant and or household.  This Promotion cannot be combined with any other sign up offers.  By accepting any promotional bonus, registered players agree to abide by terms and conditions of this promotion. This promotion is subject to regulatory approval and voided where prohibited. Prophet Exchange expressly reserves the right to amend, suspend or terminate this Promotion at any time without prior notice or consent.  All promotions are subject to the Sponsor's Privacy Policy and general Terms and Conditions. Administration of this Promotion is at the sole discretion of the Sponsor. You may only have (1) active Prophet Exchange Account at any time. Prophet Exchange is not responsible for any errors or omissions in any advertising for the promotion. Prophet Exchange is not responsible or liable for computer or program malfunctions. Prophet Exchange reserves the right to exclude certain players from this promotion, as well as the right to withhold the bonus reward for any reason. This promotion is at sole discretion of the Sponsor. Sponsor reserves the right to restrict at any time any Prophet Exchange Account holder from participating in this Promotion for any reason.  Any questions relating to eligibility, these Terms and Conditions or any other questions concerning this Promotion will be resolved at the sole discretion of the Sponsor and their decisions will be final and binding. No groups, clubs, corporations, companies, partnerships, or organizations may participate in this Promotion or reproduce or distribute any portion of these Terms and Conditions to their members. By redeeming this Promotion, participants agree to release, defend, and hold harmless the Sponsor, its affiliates, gaming license partners, advertising agencies, directors, officers, employees, and agents from all liability claims or actions of any kind.  In consideration of the Promotion Bonus, each individual hereby agrees and consents, without further authorization, compensation or remuneration of any kind, to the use of such individual’s name, photograph, likeness (including his/her voice), biographical information and statements concerning the Promotion, in any and all advertising, promotions and other publicity conducted by the Sponsor and its affiliates. Under applicable law, none of the Sponsors are responsible or liable for any direct, indirect, incidental, consequential, special, economic, exemplary, punitive, or other damages under any contract, negligence, strict liability, punitive or other damages.

 

 

 

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