The Best Sporttrade Promo Code for June

Sporttrade recently opened their doors in Iowa! To celebrate this massive move into a hot market, they’re giving 10% cash back on each qualifying bet in your first 7 days up to $300 and you can receive 10% cashback on your first bet up to $1,699! This bonus offer is only available to Iowans and won’t last long!
Sporttrade Logo

Get the Latest Sporttrade Bonus

Up to $300 Cash Back Earn 10% On Each Bet in First 7 Days Promo Code: EWB1 Staff Verified: June 20, 2024
21+ to wager. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-9-WITH-IT (IN), 1-877-770-STOP (7867) (LA), Call 1-800-327-5050 (MA), Call 1-800-GAMBLER or visit mdgamblinghelp.org (MD), 1-800-270-7117 for confidential help (MI). Call 877-8-HOPENY or text HOPENY (467369) (NY), 1-888-532-3500 (VA).
Sporttrade Promo Code

Details of the Sporttrade Bonus

If there’s one thing we love when we land a promo for a sportsbook (or, in this case, an exchange), it is jumping in and using it right away! 

Sporttrade Sportsbook Promo Code EWB1Click to Copy
Offer Up to $300 Cash Back | Earn 10% On Each Bet in First 7 Days
Valid Through June 30, 2024
Bonus Verified June 20, 2024 by Matt Brown
Terms for the Offer Offer valid for new customers only, 21+ years old. Limited to one bonus per customer. Maximum $300 cash back on first 7 days of bets.
Availability Colorado, Iowa, and New Jersey

This is an excellent bonus. The Sporttrade promo bit different than most sportsbooks as it’s a cash-back program. That means instead of matching your deposit or giving your a no sweat first bet, you get bonus funds added to your account with each and every bet you make.

It’s almost like cash back on a credit card. You have to spend to get the money in your account. That doesn’t mean you have to lose, but you do have to place bets.

Let’s highlight this bonus with an example.  

Say you place a $100 bet on the Buffalo Sabers beating the Seattle Kraken. You’ll get $3 in bonus funds added to your account. That might seem insignificant, but if you do that 100 times, you can get $300 added in bonus funds, and you might just win those bets.

Terms for the Promotional Offer

As with any promotional offer, there are some limitations or “terms and conditions” that are in play. Fortunately, Sporttrade promo terms are pretty straightforward.

  • Eligibility. Must be located in CO or NJ. There’s a 1 per patron/household limit for 7 days after the first bet.
  • Claiming the offer. No need to opt in as it is automatically activated with the first bet.
  • Offer limits. The maximum cash-back is $300, with bets at odds of -400 or better, counting towards the offer.
  • Cancellation and restrictions. Sporttrade may modify or cancel at any time. Adheres to all legal gambling regulations, with registration agreeing to Sporttrade’s terms.

So, if you simply follow our link and use our promo code, you get the offer automatically. However, be sure to place those bets within 7 days to max out the benefits.

Pros and Cons of the Sporttrade Promo Code

We always weigh the pros and cons of any sportsbook or exchange promo code we review. Promotions always seem like great deals, and they usually are, but you really have to take a look at the entire promotion. 

ProsCons
Cash back on every bet – Like earning rewards on a credit card, it offers a return with each bet, making every decision a bit more rewarding.Limited state availability – Currently only available to bettors in Colorado, Iowa, and New Jersey, which restricts access for many potential users.
No need to opt in – The offer activates automatically with your first bet, streamlining the process and getting you into the action faster.No loyalty program – As of now, there’s no system to reward ongoing patronage, which is a missed opportunity for engaging their most dedicated users.
Generous cap of $300 – The upper limit for cash back is high enough to make a significant difference, especially for regular bettors. 
Simple terms – The straightforward nature of the cash back offer means you know exactly what you’re getting without needing a fine print deep dive. 

With Sporttrade, the pros definitely outweigh the cons.

What About Other Bonuses?

The best bonus offer you can get at Sporttrade is the cash-back offer we have. Nothing beats it. 

However, from time to time, we have noticed that Sporttrade offers other types of promotions for new and existing customers. The best way to take advantage of these once you’re signed up is to follow their social media accounts and sign up for their newsletter. They regularly drop surprise offers on those channels.

These are a couple of the offers we’ve seen—

  • Reload bonuses. Sporttrade rewards existing customers who deposit additional funds into their accounts after their initial deposit. This bonus typically matches a percentage of the deposited amount up to a specific limit, encouraging players to continue betting.
    Referral bonuses. Sporttrade offers bonuses to existing customers who refer new patrons to its platform. When the referred individual signs up and starts placing bets, the referrer gets 3% cash back up to $100. This is not a bad deal if you keep referring friends. 

As for a loyalty program, Sporttrade doesn’t have one at the moment. We think they’ll implement one as they grow, but until then, we’ll keep you updated.

Where Can You Use the Current Offer?

Whereas many sportsbooks offer their services and promos in several states, unfortunately the only places you can take advantage of this offer is in the three states Sporttrade is licensed and operates in.

  • Colorado. Since August 2023, Sporttrade has been operating in Colorado. The current offer is open to all Colorado sports bettors that are 21 and older that are physically located within the borders of the Centennial State.
  • New Jersey. In Sporttrade’s home state, sports bettors have been exchanging bets with others since 2018, when they first opened their digital doors. Now, those in the Garden State can take advantage of this bonus and start earning cash back.
  • Iowa. As of May 2023, sports bettors in Iowa can get in on the Sporttrade action! The same rules apply as any other sportsbook, but we’re confident Iowans are going to love having Sporttrade at their fingertips. 

Keep in mind that referrals even have to be in either of these states. This makes total sense since the referrals have to place bets so you can get your cash-back.

Comparing the Sporttrade Offer to Other Offers

Sometimes it just makes sense to see the current promotions side by side. This gives you an idea of how the promotion really stacks up to the competition such as DraftKings, FanDuel, and Bet365.

Comparing Our Sporttrade Rating to Other Sportsbooks
4.6
Sporttrade Has a 4.6 rating!
Up to $300 Cash Back
Earn 10% On Each Bet in First 7 Days

Get Offer
Comparing Our DraftKings Rating to Other Sportsbooks
4.9
DraftKings Has a 4.9 rating!
Bet $5 and Get $150 in Bonus Bets Instantly
New Customers Only

Get Offer
Comparing Our FanDuel Rating to Other Sportsbooks
4.8
FanDuel Has a 4.8 rating!
Bet $5 Get $200 in Bonus Bets
If Your Team Wins

Get Offer
Comparing Our Bet365 Rating to Other Sportsbooks
4.2
Bet365 Has a 4.2 rating!
Choose your Offer: Bet$5 Get $150
or Get a First Bet Safety Net up to $1,000

Get Offer
21+ Gambling Problem? Call 1-800-Gambler

Overall, it’s not too shabby. It is a different type of offer, but with loose terms and a generous cap, it’s definitely not a bonus you want to pass up.

Sporttrade FAQs

We’re always here to help our readers get the most of any sportsbook or exchange. So with that, we’ve put together the questions we get the most from our social channels.

What is the Sporttrade promo code offer?

The Sporttrade promo code offers a cash-back program in which you receive bonus funds with every bet placed. This program is similar to cash-back on a credit card, encouraging betting without necessarily losing to earn rewards.

How does the cash-back offer work?

For every bet you place, Sporttrade adds a certain amount of bonus funds to your account. For example, if you bet $100 on a game, you’ll receive $3 in bonus funds. The more you bet, the more bonus funds you can accumulate, up to $300.

What are the terms and conditions for the Sporttrade promotional offer?

The offer is valid for those located in CO or NJ, limited to one per patron/household for 7 days after the first bet. The maximum cash-back is $300, with bets at odds of -400 or better. Sporttrade reserves the right to modify or cancel the offer at any time.

How do I claim the Sporttrade cash-back offer?

You don’t need to opt in; the offer activates automatically with your first bet. To maximize your benefits, place your bets within 7 days of activation.

Are there any other bonuses Sporttrade offers?

Yes, Sporttrade occasionally offers reload and referral bonuses to existing customers. While there’s currently no loyalty program, following Sporttrade on social media and subscribing to their newsletter can alert you to new promotions.

Can I use the Sporttrade promo in my state?

Currently, the Sporttrade promo is only available in Colorado and New Jersey. You must be 21 or older and physically located within these states to participate and earn cash back, including referrals.

Sporttrade Review Overview

Details


Between the excitement that the exchange brings compounded by this bonus offer, it’s hard to pass up. What we like the most about this promotion is that you get the cash back whether you win or lose your bets. We do wish Sporttrade was in more markets than simply CO and NJ, but maybe they’ll expand. So with that, we’re giving the Sporttrade promo code 4.6 out of 5.0 stars. It does a decent job at keeping up with the other major players in the industry.

Rating

4.6 Stars (out of 5) 4.6 (out of 5)
Author: Matt Brown
Reviewed By: Chris Lollis

Matt Brown


Head of Sports Betting and DFS

Matt’s love for sports betting and daily fantasy sports, coupled with a deep understanding of football, hockey, and baseball, shapes his innovative thoughts on Hello Rookie. He has a B.S. in Aeronautical Computer Science and a M.S. in Project Management.

The Best Sporttrade Bonus Offer
4.6
Hello Rookie Rating

Up to $300 Cash Back

Earn 10% On Each Bet in First 7 Days
EWB1
21+ Gambling Problem? Call 1-800-Gambler

Table of Contents