PropSwap Lets Sports Bettors Hedge With Less Risk

• PropSwap is the first secondary market for US sports betting.
• If you want to cash out early for a guaranteed profit, PropSwap lets you sell your active wager.
• PropSwap currently accepts buyers from 12 US states.

LAS VEGAS – With legal sports betting now a mainstream phenomenon, many bettors are looking for new solutions to maximize their bankrolls. One such solution is offered by PropSwap, a secondary market for active sports wagers.

PropSwap is designed for players who want to hedge their bets without actually hedging their bets. Given that proper hedging is an advanced bettor strategy, PropSwap is especially good for beginners.

Simply put, PropSwap lets you post active betting tickets for sale.

For example, consider the current NBA Finals series between the Golden State Warriors and Toronto Raptors. Almost nobody saw the Raptors knocking off the powerhouse Milwaukee Bucks in the Eastern Conference Finals.

But some bettors did, and they bought Raptors futures to win the NBA Finals when the odds were long and highly profitable.

Now that the Raptors are competing for the championship, of course, series prices on the club are way down. Most books have the Raptors as +130 underdogs to win.

If you want to wager on the Raptors now, you’re just not going to get a very good deal. Their current odds aren’t remotely as valuable as their championship futures prices were before they beat the Bucks in the last series.

Nevertheless, even for bettors who locked in their picks early, the Raptors still have to win for those tickets to pay out. If Toronto wins, those bettors get paid a windfall. But if Toronto loses, those bettors get nothing.

PropSwap bridges that gap, allowing bettors to sell their long-odds wagers at prices lower than their payout values but greater than their original prices.

With PropSwap, sellers can take a guaranteed profit on their live bets, while buyers can effectively get better value than they’ll find at any sportsbook.

Is PropSwap Legal To Use?

Yes, PropSwap is legal to use, and the company is based in Las Vegas, Nevada. The tickets posted to PropSwap all originate from regulated, land-based casinos in the US.

Sellers can reside in any state. However, only buyers in the following 12 states are eligible to purchase wagers available at the site:

• Nevada
• New Jersey
• New York
• Illinois
• Massachusetts
• Pennsylvania
• Connecticut
• Ohio
• Mississippi
• Indiana
• Kentucky
• West Virginia

Once a buyer purchases a betting slip from PropSwap, they can either cash that ticket out at the casino where the wager originated or receive payment via post. In full compliance with the Nevada Gaming Control Board, PropSwap does not cash tickets out for winners.

If you have an active wager you wish to sell on PropSwap, signing up is easy and free. PropSwap charges a 10 percent commission on all sales prices.

Current Bets Available At PropSwap

Right now, the bigtime buys on PropSwap are all Toronto Raptors and St. Louis Blues tickets.

For example, if you want to bet on the Raptors to win the 2019 NBA title, you can a buy a ticket at PropSwap that was purchased at +290 odds. Currently, most books have the Raptors at about +130 to win.

If you want to wager on the Blues to win the Stanley Cup Final, you can buy a bet that was made when the odds were at +250 rather than the going rate of +110.

There are lots of other wagers available at PropSwap right now, though the service’s average volume fluctuates significantly as bets come and go. Usually, you can expect to find about 200 or so active bets to choose from.

News tags: NBA Finals | PropSwap