FREQUENTLY ASKED QUESTIONS

Everyone wants to know what their bet is worth! When you submit a description of your slip, we can keep you informed on what Las Vegas thinks the value of your bet is.

You will be notified by PropSwap that your ticket has been sold. Those proceeds (net our 10% commission) will be deposited into your PropSwap balance.

You can then withdraw your money at any time by going to My Account, and requesting a Withdrawal.

You can mail your slip in to our office, located at:

7582 Las Vegas Blvd S

Suite 347

Las Vegas, NV 89123

As soon as you bring in a ticket to be listed, a PropSwap employee takes a photo of each: 1) the actual sports betting ticket, and 2) the completed Seller Form. He (or she) then uploads those 2 digital documents into our Cloud-managed database, safely secured. If for any reason, the physical hard copy is misplaced from PropSwap, we will be providing the Owner with each a copy of the Seller Form, and photo of the ticket, so they may work with the issuing Sportsbook, to come to a resolution. We of course will IMMEDIATELY contact the issuing Sportsbook, so that they freeze the betting ticket, and the misplaced ticket will become unredeemable.

PropSwap is validating the tickets by working directly with the sportsbooks around the Las Vegas area, to confirm validity. No ticket will EVER be listed on our Marketplace, without passing through this process.

Click on My Tickets, in the top right-hand corner. There, you can Manage all of the Tickets that you own.

As of now, no. It’s up to you to change the Selling Price of your ticket. However, that may be a feature we add very soon, so stay tuned!

Yes. Each check that is mailed to your address, will cost the user $10.00

If you’ve sold a ticket with us in the last 60 days, that fee will be waived.

You can request a check at any time, by logging in and going to My Account, or e-mailing us at info@propswap.com

These tickets were dropped off by people just like yourself! Everyone knows the feeling of betting on a team early on, watching that bet become more and more likely, and at the last second, seeing it become worthless. Our Sellers want to solve that problem by listing their tickets for sale!

Yes, it’s legal. Do you think PropSwap would go through all this trouble, without doing our homework!?! Once your bet is made at a legally operating sportsbook here in Nevada, it’s your property, and you may do as you please with it, including sell it!

But on a more solemn note, we take gaming regulation very seriously here at PropSwap. All inquiries made by gaming regulators will be addressed with full attention.

– We digitize your ticket, so you don’t have to carry around a paper slip. It’s now stored in your PropSwap app.

– We tell you what your bet is worth!

– If it never sells, and it wins, we cash your bet for you. If you wanted to cash it yourself, it typically takes 6-8 weeks after mailing it in, to receive a check in the mail. We do it the very next day.

Yes of course. Get the process started TODAY by clicking on “SELL” on the top of our homepage.

No. You must be physically in the state of Nevada, at the time of purchase.

We do arrange for in-person meetings as some ticket prices can exceed your available electronic funds. Please email info@propswap.com if you see a ticket you’d like to purchase in-person.

PropSwap’s commission fee is 10% of the Sale Price. Say a Seller would like to receive $90 for his ticket. We will be listing the ticket for $100 on the Marketplace, as seen by the Buyers. Buyer pays $100, PropSwap takes $10, the Seller gets $90.

Another example, say the Seller wants to LIST the ticket for $500, realizing he/she will only receive 90% of the Sale Price. In this instance, the ticket is listed for $500, with the Seller receiving $450 ($50 fee to PropSwap).

1st reason – Everyone knows, hedging involves spending more money on a new bet! We want you to keep your money in your pocket. Let’s do a simple example: You bet on Michigan State before March Madness starts, at 20:1. You wager $100 to collect $2,100 (Win + Bet Amount). The Championship game comes and MSU is set to square off vs. Kentucky! You’re excited because you’ve guaranteed yourself some money (if you’re smart). With hedging, you’d need to bet $1,100 on Kentucky Moneyline (if UK is -110) , to guarantee yourself at least $900 in profit (remember you spent $100 on MSU), should UK be victorious.

With PropSwap, just sell your MSU bet for anything above $1,111.11 , and you’ll achieve the same profit, without spending any more money!!

2nd reason – It’s not easy, if near impossible!! If you own the Cowboys at 10/1 to win the 2016 NFL Championship, and you want to hedge before the Wild Card Round, you’d need to bet their opponent in the Wild Card, and then the Divisional Round, and then the Conference round…… still with me?

Moral of the story: Sell your bet on PropSwap, do less math, and spend less money!

If you have the ticket’s status set to “Active” and have entered in a Sale Price, that ticket is Live and will be purchased by a willing buyer. If you are worried about selling your ticket, please enter your “minimum accept” price, or simply remove it from the marketplace.

PropSwap reserves the right to decline any ticket that is presented to us for Sale. We’ll do our best to accommodate you as the Seller, but try to keep your tickets presentable, and legible!

Other examples of bets we WON’T accept are:

1. Any “field” bet. Say you make a bet at South Point Casino, taking the “Field” to win the College Football Championship Game. The “Field” may differ from South Point vs. the Westgate, and we are not (yet) in the business of figuring out which casino offers which Field!

2. A crumbled up ticket that is illegible.

3. Counterfeit bets

No. It is your job to adjust the price by using our iPhone app or by emailing us at info@propswap.com

For quickest service, you can call 1 (844) 776-7792 to arrange pickup.

You may also click on “SELL” on the top of our homepage and enter in your ticket’s information.

Yes. Included on both the Buyer and Seller forms is the customer’s full name, which will be verified via photo identification by the PropSwap representative. The purpose of this is to make sure customers are not misrepresenting themselves, and in the event that a customer was believed to be connected to an illicit activity, there would be a paper trail identifying them.