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December 18, 2020

The power of PropSwap

Sportsbook PropSwap

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The smart money is always on PropSwap.

The Las Vegas-based is the nation's leading secondary market for active American sportsbook tickets, a marketplace for people all over the country to buy and sell their tickets.

With the BCS National Championship Game approaching, the collective eyes of the sports-betting world are on powerhouses like Alabama, Clemson, Ohio State, and Notre Dame.

For one bettor, the goal was a three-leg parlay that could be capped off with the Clemson Tigers winning the national title. After already correctly predicting the Los Angeles duo of the Dodgers and Lakers winning the World Series and the NBA Championship, respectively, there was only one bet left standing in his way: the Tigers taking home the BCS crown.

Using PropSwap, the original bettor was able to guarantee he came out on top by cashing that ticket in for $9,000 (odds of +250), the same odds that FanDuel currently offers anyway on Clemson. Right now, a casino would likely cash-out the ticket at around +500, which would generate only $5,264. So, the PropSwap investment nets the seller over $3,500 in added value. Casinos have to keep the lights on somehow, we know this.

The buyer, meanwhile, gets access to a better ticket two-thirds of the way home despite the fact he does not reside near the casino, which speaks to the convenience aspect as well.

The World Series itself -- between the Tampa Bay Rays and the Dodgers -- had already proved to be a fertile proving ground for the type of action that can be accomplished on the futures market.

An Omaha-based seller who laid $1,000 on the Rays at 30/1 from Harrah's in Council Bluffs, Iowa sold his investment on for $6,500. The move was the largest futures ticket had seen on the American league champs to win the World Series ($31,000).

The buyer lives in New Jersey and by using the secondary market and he received the best odds in the world at +392. At the time of the sale, the best odds in every casino were only +270.

The Dodgers won, of course, but the added value is evident.

One of the more publicized PropSwap sales was the purchase of a New Orleans Saints ticket at 20-to-1 to win the Super Bowl after the 2018 season. An $8,000 ticket was sold to media personalities Clay Travis and Cousin Sal for $57,500 before the NFC championship game against the Los Angeles Rams.

It didn't work out after a poor non-call involving current Eagles slot cornerback Nickell Robey-Coleman derailed the Saints.

Most sales on PropSwap aren't quite that large, and some will sell tickets at face value or slightly above that so there is fun to be found as well as value.