Episode 8 of the Sports Predictor podcast features Ian Epstein who is the co-founder of a marketplace for buying and selling sportsbook tickets. PropSwap sellers can lock in a profit without needing the bet to win, while buyers get their hands on a bet at better odds than elsewhere.
Tune in to find out –
Bets don’t need to win in order to make money. They just need to improve. I mean, you don’t even have to sell a bet for a profit. The point of PropSwap is that you are no longer tied to your bet. You make it, and for whatever reason you want to get rid of it, that we are providing liquidity for your sports bets by connecting you with someone else who will buy that from you. The process is fairly simple. You just need to have a ticket from a legal sports book, which these days we’re close to 15 States, that have legal sports betting.
When you list your ticket for sale it goes up, someone buys it, the buyer gives us the money, and then we tell the seller, you have seven days to send us the ticket. So, the ticket comes to us, if it’s a ticket that was originally from Vegas, it goes to our Vegas office, if it was from Jersey, it goes to our New Jersey office. Once we get the ticket, we then verify it with the issuing sports book. So, before we release the buyer’s money, we make sure the ticket arrived and it’s real before we pay the seller, that way it’s not a Craigslist thing or even an eBay thing where buyers say I didn’t get what I was promised.
Ian Epstein was working as an oddsmaker in Vegas when his buddy from college wanted to sell his bets to someone else. The difficulty of doing so was frustrating so after a few years of research PropSwap was born and now provides a revolutionary service.
PropSwap is an online marketplace that allows you to sell your sports bet before the game is over. In just a few easy steps you will be able to put your ticket up in the marketplace giving you the chance to cash out immediately. Your ticket can sell at any point, even during a game.