BetOpenly Overview: Peer-to-Peer Exchange with 1% Vig
What makes sports betting so difficult? Yes, there are factors like the randomness of sports, the use of technology in creating odds, and the competition that a zero-sum environment creates. However, what really makes profitability difficult, and in most cases, nearly impossible, is the vig (juice) that sportsbooks have on their lines. You can win six bets and lose four, but if the vig is too high, you will still lose money.
BetOpenly is a peer-to-peer betting exchange that is as player-friendly as can be. BetOpenly only charges 1% juice on every single bet, whereas a traditional sportsbook has vig often as high as 10%. This means every time you lose a sports bet, you are losing 100%, and when you win, you still only take home 10%.
After using all the sports betting online platforms, BetOpenly is the most player-friendly betting exchange in the market. Their low juice helps users of the platform win more when they win, and lose less when they lose. Learn how to get started with BetOpenly, no promo code needed.
What is BetOpenly? Explaining the 1% Vig Model
BetOpenly is a peer-to-peer betting exchange that is revolutionizing the way bettors operate in the industry. Since users are betting against other users, there is no house. Because there is no house, BetOpenly can charge a 1% vig, and that's it. Users create bets for other users to take, and all the advantages traditional sportsbooks have, like limiting bettors, charging more juice, and having an absurdly high hold percentage, are all gone.
Peer-To-Peer Exchange Explained
On a peer-to-peer betting exchange like BetOpenly, the users have all the power. Users can set the odds of a bet they want to make, and another user can choose to take the other side of that bet. Since there is no house to pay, users only pay 1% in vig, meaning every time you win a bet, you take home more of your winnings, and every time you lose a bet, you do not pay as much out of your own pocket.
In a peer-to-peer environment, you need someone else on the other side of your bet. That means users need to set odds that are attractive enough for someone to take the other side, as well as put up enough money so other users can match it. BetOpenly takes it all a step further by allowing parlays and future bets as well. BetOpenly is safe, transparent, and one of the best ways for any sports bettor to make better betting decisions on every bet they place.
How BetOpenly Works
BetOpenly operates differently from a sportsbook with its peer-to-peer model and 1% juice. However, it's set up like a sportsbook, offering game lines, player props, and even parlays, in an interface that is easy to navigate. You can access BetOpenly through its website or download the mobile app from the iOS App Store.
BetOpenly offers a variety of deposit methods, including debit/credit cards, Apple Pay, Google Pay, Square Cash, PayPal, bank transfers, and multiple types of cryptocurrencies. BetOpenly offers major sports like football, baseball, basketball, fighting, golf, soccer, lacrosse, and even esports. With their 1% juice, peer-to-peer model, BetOpenly often has much better prices than sportsbooks, and they are also very competitive in price with other exchanges, which have higher fees than BetOpenly does.
Not only does BetOpenly offer peer-to-peer sports betting, but it also features DFS and a 100% peer-to-peer online casino. Daily Fantasy (DFS) Player Props Parlays are one of its key offerings, allowing users to back or fade parlays posted on the open market. Lastly, BetOpenly's casino, which offers games like blackjack, slots, solitaire, and more, operates in almost every state.
Placing Bets on BetOpenly
Placing a bet on BetOpenly is just like placing a bet on a sportsbook, except there are a lot more benefits. As we've mentioned, there is only 1% vig, and we can't hammer this point home enough. This makes BetOpenly by far one of the best places to play, as winners win more and losers lose less. The interface is set up similarly to a traditional sportsbook, so finding wagers to place is as easy as if you were doing it on a conventional sportsbook.
Understanding BetOpenly's Model
Since you are operating in a peer-to-peer marketplace, you can set your own odds and put up the liquidity you are willing to bet. The open market model allows users to get better lines and odds on all bets. You can house parlays, host futures, and take or make lines on different game lines and player prop bets, all while getting the best price and only being subjected to a 1% vig.
How to Sign Up for BetOpenly
Since they are not a traditional sportsbook, signing up for BetOpenly is a simple and easy process that takes under 5 minutes. Also, since they are not a traditional sportsbook, BetOpenly can operate in more states than a sportsbook does.
Step-by-Step Sign Up for BetOpenly
Download the BetOpenly app or visit the website. Download the app or click here to get started. Available in over 40 states.
Create an account: Click "sign up" and finish the registration process.
Fill Out Additional Info: Users need to get their ID verified, but this process can be as quick as 10 minutes.
Deposit Funds: Once your account is verified, you need to deposit funds.
Start Betting: Now, you are ready to get started using BetOpenly.
Tips for Getting Started
Once you have an account with money loaded, you can take part in the open market that BetOpenly has created. Once you have an account, you will quickly notice how much better the lines are than at a sportsbook. To get started and maximize your bankroll on BetOpenly, look for lines with higher liquidity or look to fade someone's DFS parlay, as these could be profitable bets to make you more money in your new account.
Why Sign Up for BetOpenly in 2025
Line shopping is the easiest way to get more expected value when sports betting. 1% vig means winning more and losing less. If you are a bettor who wants to maximize ROI and find +EV spots, BetOpenly is perfect for you. While it's also an excellent option for recreational bettors, BetOpenly thrives on being an open market, so if you are not constantly adding liquidity to the market (placing bets), it may not be the best option for you.
Make Better Bets
Think of it this way: would you rather pay more money per bet and, when you lose, help fund a larger institution? Or, would you rather win more, lose less, and have it come against another sports bettor? The answer is obviously the latter. BetOpenly created a social environment that is one of the only places to bet that is pro-bettor to its core.
Where is BetOpenly Legal in 2025?
As an exchange, BetOpenly does not have to abide by the legislation that traditional sportsbooks deal with, making it legal in more states than traditional sportsbooks.
BetOpenly's offerings are legal in different states. For example, the DFS prop parlays are legal in all states but 11 (CT, DE, HI, IA, ID, LA, MI, NJ, NV, MT, WA), their peer-to-peer casino is legal in all states except eight (AR, CT, DE, IN, ME, LA, NY, SD), and their sports betting offering is legal in all states except for six.
Here is where BetOpenly's sports betting is legal:
Alabama
Alaska
Arizona
Arkansas
Califorina
Connecticut
Delaware
Flordia
Georgia
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Hampshire
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Here is where it is illegal:
Coloado
Hawaii
Idaho
Kansas
Nevada
New Jersey
BetOpenly Review: Pros and Cons in 2025
BetOpenly is one of the many sports betting exchange reviews we have done, and it stands out as one of the best exchanges for bettors to use in 2025. However, no platform is perfect, and there are a few limitations to consider.
Pros of BetOpenly
1% Vig: One of the key pros of BetOpenly is that there is only 1% vig on every bet. The house does not act as a house, just as a facilitator of the open market.
Peer-to-Peer Model: By betting against other people, the lines are better, meaning you win more when you win, and lose less when you lose.
Legal in More States: Since it operates as an exchange, it is legal in over 40 states. They also do not need to abide by the laws that traditional sportsbooks do.
No Limiting: BetOpenly wants all the liquidity it can get, meaning they will never limit a winning bettor, a +EV bettor, or an arbitrage bettor.
Deposit & Withdrawal Methods: BetOpenly has one of the widest arrays of deposit and withdrawal methods in the industry, and it's one of the fastest in the entire industry for withdrawing winnings.
Cons of BetOpenly
Limited Markets: As an exchange, BetOpenly is limited in the sports and markets it offers. However, they are adding new markets to bet on as quickly as possible, but they need more users and liquidity to fill these orders.
Not Always Liquid: As a small, independent exchange, BetOpenly sometimes has a liquidity problem. There might be a line you love, but the max bet may only be $10.
User Interface: BetOpenly's UI is usable and works, but there is clear room for improvement.
Recommended Betting Tools for BetOpenly: Maximize Your Edge in 2025
The best sports betting tools help you find an edge in various markets and help you become a better gambler. Pair that with BetOpenly's 1% vig and fantastic odds, and the fact that they will never limit anyone, and you can turn yourself into a more profitable sports bettor in no time. In fact, BetOpenly even has partnerships with different sports betting tools to help shape their lines or to give its customers more confidence in a certain side if data from a betting tool supports a bet.
Since BetOpenly will never limit you, they are a great place to use positive EV betting tools. Traditional sportsbooks will limit anyone betting +EV, even if they are yet to be profitable! Also, arbitrage betting tools pair nicely with BetOpenly, as they will never limit you, and they encourage users to make a profit however they can.
Top Betting Tools for BetOpenly Users
Pick The Odds: Pick The Odds is a professional-level real-time odds screen, arbitrage tool, and +EV scanner. They have integration with BetOpenly, so users can see when BetOpenly has the best price, which is often. Read our Pick The Odds review.
OddsJam: OddJam is similar to Pick The Odds in terms of features, and they also showcase BetOpenly on their platform. OddsJam users can find tremendous value on BetOpenly using the tool, and it's great to pair it with BetOpenly. Read our OddsJam review.
Betstamp Pro: Betstamp Pro is a professional-level real-time odds screen that also has a proprietary formula for finding +EV bets. Read our Betstamp Pro review.
Feature
BetOpenly
BetMGM
Type
Exchange
Sportsbook
Sports
Football, Baseball, Basketball, Fighting, Golf, Soccer, Lacrosse, and Esports
All Sports
Bonus
No Sign-up Bonus
Up To $1500 in Bonus Bets
Regulation
Legal in 44 States
State-Regulated
Why BetOpenly Is a Top Betting Exchange in 2025
Simply put, there is no other platform that is more pro-player than BetOpenly. While other exchanges and prediction markets are competitive in price and may have more liquidity at times, these options either have more vig or higher commissions, making BetOpenly one of the best places to bet, as well as one of the few places that cares more about seeing its userbase win.
Sportsbooks lie about caring about their customers. All these injury reboots and "ghost leg" parlays are marketing ploys to distract users from their greed. By charging just 1% juice, the smallest amount possible to retain its ability to offer the service, BetOpenly cares about its customers' ability to make the most money or lose as little as possible. If you are looking for a safe and trustworthy place to bet, BetOpenly is right for you. Just make sure to contribute liquidity constantly; you won't regret it.
