Sporttrade Fees Overview
- Fees Structure: Sporttrade charges a small 2% fee on winning bets instead of applying a traditional vig on all wagers.
- Key Benefit: A flexible, exchange-style platform that lets users trade bets like assets, lock in profits early, and take advantage of dynamic pricing for improved betting value.
Deposit & Withdrawal Methods
Payout Speed
Up to 5 Business Days
Sporttrade is a sports trading app where users buy and sell positions on game outcomes instead of placing traditional sportsbook bets. The platform is currently available in Arizona, Colorado, Iowa, New Jersey, and Virginia.
Your trades go against other users in the market, not against the house. A position only goes through if another user is willing to take the other side at your price, or if you accept a price that another user has already posted.
Sporttrade’s fee model is different from most prediction market apps. Rather than charging on every trade, Sporttrade takes a 2% cut of net profit.
Sporttrade Pricing & Fees
Unlike a traditional sportsbook, Sporttrade doesn't charge a high vig on bets. Since you're betting against other players—not Sporttrade—they don't have an incentive to “charge” more on each side of the bet like normal books.
Sporttrade makes money by taking a 2% cut from winning bets.
When factoring in this small fee, you'll still almost always end up with better odds on Sporttrade than traditional sportsbooks.
In most cases, Sporttrade offers 10-cent lines at around -105, while traditional sportsbooks usually deal 20-cent lines at around -110. That gives users a better starting price, which often makes Sporttrade the more cost-effective option despite the 2% commission on wins.
Sporttrade can even come out cheaper than Kalshi in some cases. Since the platform does not charge anything on losing trades and only takes a small cut from profits, the overall cost can be lower than what you would pay on a prediction market trade.
Share Price
The share price reflects the percent chance of that bet winning and can also be used to determine your profit.
Shares range from $0 to $100, with the price translating to the percent chance of that bet hitting. Each share always pays out $100 if it wins, though you don't have to buy full shares and you can also purchase multiple shares.
If the share price for the Blue Jays to beat the Rays is $42, the implied probability of them winning is 42%. In this case, you would profit $58 if they do win (take $100 minus the share price to determine your profit).
While the share price system is great for beginners since reading odds itself can be difficult to get the hang of, I found it difficult to wrap my head around it when first using Sporttrade.
If you prefer American odds, you can switch to them by going to Account –> Trading Experience.
How Sporttrade Fees Compare to Other Prediction Markets
Here’s how Sporttrade's fees compare with other prediction market platforms.
| Platform | Fee Model | Fees |
|---|---|---|
| Kalshi | Probability-based maker/taker fee | $0.0007 to $0.0175 per contract for taker orders and $0.000175 to $0.004375 per contract for maker orders |
| Polymarket | Formula-based trading fee | contracts × price × (1 − price). Taker fees range from about $0.0005 to $0.0125 per contract. Maker orders have no fees |
| OG | Flat per-contract fee | $0.02 per contract |
| Novig | No-fee model | No fees |
| Crypto.com | Contract-based fee | $1 contracts: $0.02 to open or close early, with no fee if held to a win. $10 contracts: $0.20 to open or close, reduced to $0.10 on a winning settlement |
| ProphetX | Commission on winnings | 2% commission on winning bets |
| Underdog | Flat per-contract fee | $0.02 per contract |
| Fanatics Markets | Per-contract fee | $0.0034 to $0.02 per contract, depending on contract price |
| Sporttrade | Profit-based commission | 2% on net profit |
| Robinhood | Per-contract fee | $0.02 per contract, with $0.01 paid to Robinhood and $0.01 paid to Kalshi |
| PrizePicks | Per-contract fee | $0.005 to $0.02 per contract |
| FanDuel Predict | Payout-based commission | 2% on potential payout |
| DraftKings Predictions | Flat per-contract fee | $0.02 per contract |
| PredictIt | Profit-based fee | 10% on profits from winning trades |
If you compare Sporttrade with Kalshi, Sporttrade can be the cheaper option in some spots. Kalshi charges higher fees on taker orders, which are trades where you accept a price that is already available in the market instead of posting your own.
Kalshi’s fee model is tied to probability, and the highest fees usually show up on contracts trading closest to 50/50. Because of that, Sporttrade can come out ahead on cost even with its 2% commission on net profit.
If you compare that to a flat 2% fee on winning trades:
- At a 50¢ contract, Kalshi taker fee is about 1.75¢ per contract. If your max win is 50¢, that works out to about 3.5% of potential winnings.
- At an 80¢ contract, Kalshi taker fee is about 1.12¢ per contract. If your max win is 20¢, that works out to about 5.6% of potential winnings.
- At a 10¢ contract, Kalshi taker fee is about 0.63¢ per contract. If your max win is 90¢, that works out to about 0.7% of potential winnings.
- At a 90¢ contract, Kalshi taker fee is about 0.63¢ per contract. If your max win is 10¢, that works out to about 6.3% of potential winnings.
For maker orders, Kalshi is the cheaper option afcross the board:
- At a 50¢ contract, Kalshi maker fee is about 0.44¢ per contract, or about 0.875% of potential winnings.
- At an 80¢ contract, Kalshi maker fee is about 0.28¢ per contract, or about 1.4% of potential winnings.
- At a 10¢ contract, Kalshi maker fee is about 0.16¢ per contract, or about 0.175% of potential winnings.
- At a 90¢ contract, Kalshi maker fee is about 0.16¢ per contract, or about 1.575% of potential winnings.
Kalshi’s fee is highest around 50/50, because its pricing curve peaks in the middle of the market and gets lighter as contracts move closer to 0 or 100. That means a flat 2% fee on winning trades is not automatically cheaper across the board. It will usually look better against Kalshi in mid-range markets, where Kalshi’s raw fee is highest, but Kalshi can still be lighter on longshots and near-certain outcomes.
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