Introducing Prophet Exchange, the first betting exchange in the United States, is now LIVE in New Jersey.
Our friends at Prophet Exchange have created a way to make guaranteed money every day, seriously! Hedge your favorite sportsbook boosts with Prophet Boosts. Follow @ProphetBoosts on Twitter to be alerted the next time there is a free money opportunity. Join the growing community of bettors who are on pace to make an extra $4k this year using Prophet Boosts alone. Here’s exactly how it works.
A Real-Life Example of Locking in Profits with Prophet Boost
Let’s explore an example to further illustrate how to utilize Prophet Boosts. Suppose a sportsbook is offering ‘Jimmy Butler to score 30+ points and the Heat to win’ at odds of +400. Prophet Exchange will post the same exact market, except also allow you to bet this is NOT TO HAPPEN. In this example, the market has been posted and users have the option to bet against ‘Jimmy Butler to score 30+ points and the Heat to win’ at odds of -315.
You can head over to an online hedging calculator and plug in the initial boosted bet odds of +400, and the Prophet Boost hedged odds of -315. If your initial bet was $50 on +400, the calculator will show you that placing a bet of $189.76 on Prophet at -315 will lock in a profit of $10.24.
If Jimmy Butler scores 30+ points and the Heat win
At the sportsbook: Your profit would be ($50 * 4) = $200.
On Prophet Exchange: You would lose the $189.76 hedge bet.
Net profit: $200 – $189.76 = $10.24.
If Jimmy Butler does not score 30+ points or the Heat lose
At the sportsbook: You would lose the $50 bet.
On Prophet Exchange: Your profit would be $189.76 * (100/315) = $60.24
Net profit: $60.24 – $50 = $10.24.
By strategically hedging your bets with the calculated stake, you effectively minimize your risk and lock in a potential profit of $10.24 in both outcomes, ensuring an equal profit regardless of the outcome. This showcases the power of hedging when utilizing Prophet Boosts on Prophet Exchange. Discover new Prophet Boosts markets added daily, providing the opportunity to obtain guaranteed profit every day with little effort.
Head over to Prophet Exchange today to explore the exciting Prophet Boost Markets. Seize the opportunity to hedge boosted sportsbook odds, and let your winnings skyrocket!