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If you're looking for an exciting welcome bonus offer, look no further as our team at CaptainGambling has found an offer from Prophet Exchange. Leave it to us to give you all the pointers about this bonus in this review.

Come along, and we’ll show you around this welcome bonus in our Prophet Exchange bonus review. You will see what is on offer and how to ensure you take full advantage. We also throw in some tips for you and answer all your burning questions about the Prophet Exchange welcome bonus. Join us in exploring this bonus!

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Last Updated on 08/07/2024
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Why opt for a welcome bonus?

Ah, welcome bonuses. Something our team of experts see regularly. You may ask the following question: Why do operators consistently use welcome bonuses? Our Jock MKT bonus review shows that these offers are popular as well. Welcome bonuses are a great way of attracting potential patrons to your platform as they offer that little something extra. It gives customers a feeling of being appreciated by the operator for giving their product a chance. It is an excellent idea as it encourages customers and gives them more to start playing with when beginning their betting journey. It is what you would call a win–win scenario.

Even though new to the playground, Prophet Exchange has learned all the old tricks. They too offer a Prophet Exchange bonus. When you make your first deposit, Prophet exchange will match 100% of your deposit up to $200! Let’s take a closer look.

The Prophet Exchange bonus in all its glory

We assume we have piqued your interest in the Prophet Exchange bonus, and that’s why you’ve made it this far. Don’t worry. We’ll tell you all you need to know about the bonus, so you’ll know what to expect.

Tell me how it works!

Okay, we heard you loud and clear. So the premise of the Prophet Exchange bonus offer is basic. As a new customer, you must deposit to fund your account. Our Pulsz bonus review also discusses the range of deposits available, which do vary from site to site. Prophet Exchange will take your first deposit and match it to 100%. For example: If your first deposit is $100, Prophet Exchange will give you another 100%, enough to get you off on the right foot when wagering. Please note that Prophet Exchange will match your deposit up to $200, so anything you deposit over this will not be matched. To activate the welcome bonus, you can register and sign up for an active account on the Prophet Exchange website.

What are the details? Is there a catch?

To give you some more information, we had a nice long look at the terms and conditions of the Prophet Exchange bonus. An essential first aspect to remember is that the bonus is only available to patrons who are physically present in New Jersey. You will not be able to sign up for the bonus if you're not in New Jersey. Furthermore, our team saw that there was no minimum amount set that you must deposit to qualify for the bonus.

Remember that you will receive this match bonus in what they call “site credit” in your Prophet Exchange account. A time limit is set, and you must satisfy the 1x wagering requirement within 14 days, or your bonus credits will be withdrawn.

How does the wagering requirement work? Our Hollywood Casino bonus review also takes a look at wagering requirements, which again can vary widely. The Prophet Exchange bonus requires that you use the bonus credit within 14 days to make a wager. Any bonus amount you did not use to wager after the 14 days pass will be withdrawn. Unmatched amounts will just be refunded into your account. In short, you must use all the bonus credit on wagers within two weeks or lose out on it.

There are three payment methods available to you at this time. You can deposit in person at Harrah’s Casino (if you are in the Atlantic City area). However, you can also deposit via online banking or a wire transfer at your convenience.

5 tips to keep in mind when using the bonus

We like to keep you informed about the (potential) pitfalls when using welcome bonuses, or any other bonuses for that matter. That’s why we put together this list of five tips to enhance your experience:

Never break the bank when gambling

We’ve all heard the adage. Something about winners knowing when to stop. We at CaptainGambling cannot stress enough how important it is to maintain a reasonable budget when gambling. Even when you receive extra site credits, such as the Prophet Exchange bonus, don’t get carried away by making frivolous wagers. Never make wagers more than you are willing to lose. Responsible gambling is something that all players should make standard practice. This goes for beginners right through to the most experienced gamblers.   

Read those pesky t’s and c’s

You’ve seen a tempting bonus, and you’ve decided to “opt in.” However, you’ve plunged in without learning how it works. The terms and conditions can make or break your betting experience. Our advice will always be to familiarize yourself with the small print when using a bonus. Welcome bonuses, such as the Prophet Exchange bonus, most likely have a few restrictions or at least one wagering requirement. Ensure you know how to take full advantage of the bonus and not mistakenly forfeit your credits. Take a few minutes and read the t’s and c’s.  

Keep track of time on this one

Many promotional offers, including bonuses, have time limits connected to them. This is obvious: it is to get you to use the credits and make wagers. Either that or lose out on the bonus altogether. The Prophet Exchange bonus also has a time limit. That is why our team will tell you to note this time limit when you make your deposit. If you know when the credits will disappear, you can make wagers accordingly without rushing at the last minute. You can keep your head and play it cool.  

Keep calm and play it safe

Another crucial thing to remember when you receive unplanned funds or site credit is to use it as if it was your deposited cash. If you play by this rule, you will automatically take more care when placing bets. Don’t throw away the site credits because you received them for free. Take advantage of the Prophet Exchange bonus and do your research when you make bets to exploit the bonus offer fully. Always make sure that you keep to your regular betting routine by reading up on the leagues and competitions and placing informed bets, even with free credits from bonuses.   

Don’t panic! Check the time

So you’ve made your deposit, and you see the deposit amount reflected in your account. But wait a minute! Where are your extra credits? Did you do something wrong? Just as with the Prophet Exchange bonus, most bonuses can take some time before being credited to your account. The operator will usually give you a timeframe to expect the extra site credits. In the case of the Prophet Exchange bonus, you have to allow 72 hours for them to credit the amount into your account. Only after this time should you approach customer support if your account has not been credited with the bonus.  

We answer 5 of your burning questions

We here at know that after taking in all this information, you may have some burning questions. Our answers will guide you in the right direction regarding the Prophet Exchange bonus.

How can I deposit to qualify for the bonus?

So Prophet Exchange just started, and they have listed a few payment methods on their website. Our team looked them up for you. Your first option to make a payment is through online banking via Trustly. This company allows you to make deposits directly from a supported bank account without using any apps. You can also deposit money by doing a wire transfer. Lastly, you can deposit cash at the counter at Harrah’s Casino in Atlantic City (if you are in the area).

How do I activate the Prophet Exchange bonus?

Usually, when a sports betting site has already launched, the operator would request you to “opt in” for a bonus or promo by ticking a box or clicking on a specific “opt in” button. As Prophet Exchange has not launched, the Prophet Exchange bonus activation works a bit differently. You must go to the website, register, and sign up for an active Prophet Exchange account. When you land on the website's main page, the link to register is front and center, so it would be easy to find.

Do I receive cash when I activate the bonus?

As with most bonuses, including the Prophet Exchange bonus, you don’t receive 100% cash into your account. Instead, you will receive what they call “site credit.” This means that it is currency you can only use on the site itself. If you were to receive cash, everyone would immediately withdraw and run, defeating the point. With this site credit, you can wager on the Prophet Exchange platform. You will also find that you cannot withdraw site credit or bonus credit but only use it to wager on the site.

What will happen if I don’t use my site credit?

The Prophet Exchange bonus has a 1x wagering requirement. This requirement stipulates that you use the bonus or site credit within 14 days of receiving it, or Prophet Exchange will withdraw it from your account. This means you will forfeit any unused bonus money within 14 days. For example, let’s presume you deposited $50 and received $50 in site credit. If you only use $40 of the site credit on wagers within 14 days, the rest, which is $10, will be withdrawn from your account.

Do I have to make specific wagers?

Many promotional offers and bonuses require players to make wagers at specific odds on specific games or leagues. This is an excellent question when you want to use a bonus. Luckily, the Prophet Exchange bonus does not mention too many specifics. You can bet on any sport or league available when the operator launches. The t’s and c’s make no mention of any specific sport or league. It makes the bonus much more alluring as you can use the site credit as you wish. As this is an exchange, you can set the odds or take odds as you wish when placing bets. Have fun!

A wonderful Refer-a-Friend program

After looking around the Prophet Exchange site, we found another rewards program on offer adding to the excitement.

Refer-a-friend program

This program is self-explanatory. You can send a link to a family member, friend, or acquaintance. If this person uses your link to open an active Prophet Exchange account, you and they will receive a whopping $50 in site credit. What a terrific way of getting more players to come to Prophet Exchange!

Bonus intro

We’ll take a look at the Prophet Exchange bonus in this section. As the name suggests, this is a welcome bonus that Prophet Exchange offers to new customers. Prophet Exchange promises to match any customer’s first deposit 100% up to $200. When a new customer registers on their website for an active account, the welcome bonus is activated.

Reality test

To start, you must register and sign up for an active Prophet Exchange account on their website. This process is easy. Once you have done this, you can take the next step by funding your account with any of the three payment methods available: online banking, wire transfer, or an in-person cash deposit at Harrah’s Casino.

Your account will now be credited with the same amount you deposit in “site credits.” Be patient, as it can take 72 hours for the site credits to show in your account. You can then wager using the site credits on any game at odds. Any site credits you did not use to wager within 14 days will be forfeited back to Prophet Exchange.

Bonus withdrawal

Our team looked at the t’s and c’s, where it states clearly that the credit you receive from the Prophet Exchange bonus cannot be withdrawn, and you have to use these credits to wager on the Prophet Exchange site, which is quite standard. As mentioned, any site credit you did not use to wager will be forfeited after 14 days. However, you can withdraw any of the money you deposited without restrictions.

Pitfalls & what to avoid when claiming bonus

There are a couple of issues you should note so you don’t miss out. To qualify for this bonus, you need to be physically in the state of New Jersey. Also, don’t forget to sign up and register ahead of launch for this Prophet Exchange bonus as is stipulated on the website to activate the bonus. The last potential pitfall is forfeiting your site credits. Set a reminder so you know on which date the site credits will expire.

Verdict on bonus

Our team was impressed by this spectacular Prophet Exchange bonus. There’s a lot counting in its favor starting with the easy activating process. You just need an account. That’s it. Next, the bonus is very generous as they will match you all 100% up to $200. There are no complex wagering requirements to follow, and you can bet on any game at any odds. The choice is yours. We think this offer from Prophet Exchange is a winner right off the bat.

The Prophet Exchange bonus - a welcome surprise

Our team of experts agree that Prophet Exchange has hit the nail on the head with a welcome offer. Firstly, it is dead easy to activate the bonus as you only have to sign up and register for an account. Secondly, you can deposit as much as you like, even a tiny amount, and they will match you 100% up to $200. The wagering requirement is straightforward, and you have lots of time to decide what you want to do with your site credit. We simply love this bonus!

New Jersey bettingIf you’re in NJ, check out this welcome offer

The Prophet Exchange New Jersey bonus will give you 100% of your deposit up to $200 on your first deposit. Activate within a few minutes and use as you please. The Prophet Exchange New Jersey bonus is the perfect starter kit.

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