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Is there a sportsbook you'd like us to review?
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| Tips and advice from our team of experts. Everything you need to know to make your betting experience a good one. |
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| About Tradesports.com |
| URL |
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Tradesports.com |
| Short Description |
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Tradesports.com is a new style sports betting site, which works more like a stock exchange than an actual sportsbook. You can actually buy shares of a particular line, then sell them to prospective buyers. The shares can go up or down depending on whether the line you bought is getting popular, thus driving the price up. It's very involved and hard to explain, and therefore I'd point you to the Tradesports.com website for further details. |
| Year Started |
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1997 |
| Country |
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Ireland |
| Languages |
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English
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| Management |
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Steve Rodriguez, CEO
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| Overall Rating |
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This site rates 4 out of 5 stars. |
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| Tradesports.com Sports Betting Features |
| Deposit Types |
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- Bank Wire
- Cashiers Check
- Credit Card
- Firepay
- NETeller
- Prepaid ATM
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| Sport Types |
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- Baseball
- Basketball
- College Football
- College Sports
- Entertainment
- Football
- Golf
- Horseracing
- Politics
- Rugby
- Soccer
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| Wager Types |
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| Wager Limits |
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| Withdrawal Terms |
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- Two free withdrawals by check or NETeller per month. Subsequent withdrawals are subject to a $10 fee.
- Bank transfer withdrawals are charged a $20 bank fee and a $10 administrative fee may also apply.
- Fed Ex checks are charged a $30 fee.
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| Payout Limits |
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None |
| Bonus Ranking |
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0 |
| Initial Deposit Mins |
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$100.00 |
| Initial Bonus Offers |
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50 free trades with $100 deposit |
| Reload Bonus Offers |
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None |
| Rebate Losses |
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None |
| Referral Bonus |
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$25 per referral |
| Promotions |
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| Loyalty Program |
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None |
| Overnight Lines |
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None |
| Collar Limits |
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None |
| Ten Cent Base |
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None |
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| Tradesports.com Pros & Cons |
| Pros |
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| Cons |
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- Sometimes not enough buyers/sellers
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| Tradesports.com Professional Review |
| The Company |
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Managed by Trade Exchange Network, Ltd. of Dublin, Ireland. |
| Site Navigation |
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Very good |
| Site Response Speed |
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Average |
| Services Offered |
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| User Experience |
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Mixed |
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Tradesports.com Professional Review |
| By Kris Takahashi |
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The Look
The Tradesports.com website is very to the point, almost like a business site. There are handy links to the top traded items of the day, as well as the trading screen and user forums. The forums in particular are vital, considering the complexities of betting exchange.
Deposits/Withdrawals
Deposits can be made with credit cards, bank transfers, NETeller, Prepaid ATM and checks. Withdrawals are through NETeller, check, Prepaid ATM and bank transfers. All require fee payments. And you wondered how Tradesports.com makes their money. Withdrawals and trading fees, that's how. Which begs the question, when all is send and done, is it worth it?
Wagering
Trading fees are 4 cents for both trades and expired contracts per share. You can buy shares on various sports as well as the actual Dow Jones. Purchases are a lot like trade tickets on stock sites. You find a particular price you like, see the available shares, then merely enter a quantity and limit price. Hear that? That's the sound of my brain exploding.
Bonuses and Extras
Tradesports.com offers referral bonuses of $25 per user, 50 free trades for registering and various bonuses depending on how you deposit.
Customer Service
For a site as crazy as a betting exchange, you have to have top of the line customer service. Which they do, unless you factor in the crazy wait times. Then you also realize they aren't open after 5pm EST, but are open at 3am EST. Good thing, because you know how often it's 3 in the morning and you need help with your gambling account.
Player Reviews/Forums
There are mixed feelings on the action on Tradesports.com. Some players feel the site doesn't have enough people selling contracts, others feel it's great for hedging bets and selling off lines after games start.
Verdict
Using Tradesports.com as a betting tool really depends on whether you understand the process and can take advantage of the fluctuating prices. You also have to have a feel of which way the public will go. The very concept is intriguing enough; however, that warrants giving Tradesports.com the rank of Janis Joplin, for being original and an innovator. Janis Joplin isn't a hot chick, you say? Well, the jury's out on the betting exchange too.
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