Do you live in a state where full-scale online sports betting has not yet been legalized? Or does the prospect of making sports picks for fun and profit appeal to you but not if you have to pay the hefty commission or “vig” that traditional sportsbooks charge? If so, Novig Sweepstakes Sportsbook and Trading Exchange might be exactly what you are looking for. This review will tell you all about Novig, how it differs from traditional sportsbooks, and what it can offer you instead as a viable alternative.
Novig originated in 2023 as a licensed sports P2P trading app in Colorado. As such, it was limited to that one state only, where it did not fare well and shut down after only four months. However, in 2024, Novig was rebranded as a trading exchange and sweepstakes platform.
One of the key differences between the new Novig.us and the original version is that it allows its registered players to play against each other instead of against the house. Effectively, it is a peer to peer trading platform in which you set the prices, and buy trades off other players. Users can also choose either to play for fun using Novig Coins or to play with Novig Cash to try to win real money prizes. Either way, the use of a sweepstakes format involving virtual money allows the site to bypass the stricter licensing requirements that traditional sportsbooks must meet and therefore operate legally in the vast majority of states.
Novig Pros and Cons
| Pros | Cons |
|---|---|
| An innovative alternative to traditional sportsbooks combining peer-to-peer betting with a Sweepstakes model | Not the best option for parlay bettors or high rollers |
| Available in 40 states and Washington D.C. | Mobile betting only, no retail location |
| Generous no-deposit sign-up bonus | No loyalty rewards program or VIP program |
| Option to play for free or use virtual cash to try to win real money prizes | Very limited deposit and withdrawal options |
| Competitive odds and the ability to propose your own odds | No action unless the bet is matched by another player taking the opposite side |
| No vig on losing peer-to-peer wagers | Odds are offered only on a handful of mainstream sports and no foreign sports |
| Option to see if the site will accept a prediction on a non-mainstream sport | No guarantee that the bet will be accepted |
| Superior customer support, including phone, live chat, email, FAQ section, and social media | No live streaming, or early cashout |
Novig Promo Code and Sign-Up Bonus
All new customers receive the following free sign-up bonus as soon as they complete the registration process and open an account:
- $50 in Novig Coins
The Novig Promo Code you need to use to claim the offer is BETTINGTOOLS which you need to add on sign up to claim the offer.
Novig Coins have no monetary value and can only be used to play for fun. However, they are a great way for those who are new to sports trading to get their feet wet and gain valuable practice making different types of wagers with no risk to their bankroll.
Also, any time your coin total dips below 100, you can request a new supply.
The sign-up bonus also includes virtual currency in the form of 50 Novig Cash. You can use Novig Cash for your matched plays as if you were playing with real money, then cash in your winnings of 20 or more for real money prizes.
Novig Sign Up Bonus: $50 in Novig Cash for Spending $5+
Admittedly, 50 Novig Cash is not much of a starting bankroll, but Novig offers multiple ways to get your hands on more. One way is simply to keep logging in to your account every day. If you log in for consecutive days, these daily logins grow in size, so make sure you check in at least once a day just to keep the login bonus high.
- Bronze Bonus – 1 Buck per Day – Log in 5 days in a row
- Silver Bonus – 3 Bucks per Day – Log in 15 days in a row
- Gold Bonus – 6 Bucks per Day – Log in 30 days in a row
Log in for 30 consecutive days, and your daily bonus jumps to 6 bucks per day. Then, at the start of the next month, you can do the same thing again to earn more Novig Cash!
Our Favorite Tools and Features at Novig.us
Novig Sweepstakes and Sports Trading Exchange cannot offer anywhere near the tremendous number of plays that are available at top traditional sportsbooks such as BetMGM and DraftKings. But for many sports fans, having a much more manageable choice only including the most popular sports and trade types is a good thing. The following is a brief description of our favorite special features to take advantage of at Novig.
Play For Fun or Profit
At most sportsbooks, except for bonus bets, players must risk their own money on every wager. However, at Novig, every customer starts with a sizable welcome offer–which you can keep replenishing for free indefinitely–so you can play for fun to your heart’s content. Then, when you are ready, you can switch to Novig Cash and redeem your winnings for cash prizes.
Competitive & Custom Lines
Novig customers not only get competitive lines to begin with; they also have an extra advantage in being able to set alternative prices if they do not like the published lines. The only catch is that the play will only be accepted if another customer agrees to trade the same amount on the opposite side.
We also like the enhanced market graphs that Novig offers, where you can track historical trading prices. The graphs show the price fluctuations over time with the odds as percentages.
Peer to Peer Futures
Peer to peer trading lines will almost definitely be impacted by line movements and perceived changes in the odds and possibilities. Locking in early lines, or taking advantage of good CLV play a large role in P2P trading lines and setting your price. And at Novig, it gets better as you can dabble with Peer to Peer futures plays, that carry 0% commission.
You can trade on the Playoffs, Conference Winners, and even Series Winners, for all the major US sports such as the NFL, NBA, and so on. Get your P2P futures in early, or wait for the prime time to strike, and these markets hold huge potential value for expert strategists.
Novig Commission (Low or No Commission)
If you have any experience staking predictions at a traditional legal sportsbook in the US, you are familiar with the “vig” and how it works. This extra charge (typically 10% although it could be more) that you have to shell out on all point spread and over/under plays and that the sportsbook keeps if the prediction loses, can add up to a lot of money over time. But at Novig, you save all this money because the trading platform does not charge any commission at all on peer-to-peer trades. By the way, the app’s name is fittingly No Vig written as one word!
You also have the option to suggest a play in a less popular sport that is not available for peer-to-peer matched trading. Novig may or may not agree to accept the trade, but if it does accept it, the site will charge a very nominal 1-4% commission. There is 0 Novig Commission on plays, but there may be some cents taken off the liquidity, but there is no fixed juice, commission on winnings, or any other typical fee that you would get at a traditional sportsbook.
That’s why Novig can make the bold claim, that 27% of their users are profitable, as opposed to the 2% who can make it onto the green using traditional US sportsbooks.
Excellent Sports Bonuses
Novig.us has quite the range of innovative promotional initiatives. For instance, parlays are highly encouraged, and you can receive extra Novig Bucks for your parlay trading, if the conditions are right.
Parlay Insurance
Min 5 cash stake, +200 or longer, and 3+ legs. You win the following rewards if you lose by just 1 leg on your parlay
- 5 Cash Bonus – After losing your 1st parlay by a single leg
- 10 Cash Bonus – After losing your 3rd parlay by a single leg
- 15 Cash Bonus – After losing your 5th parlay by a single leg
Parlay Boost
+200 or longer on 3+ legs. Get a cash bonus for making parlay orders
- 5 Cash Bonus – Place 50 Cash worth of orders
- 10 Cash Bonus – Place 200 Cash worth of orders
- 25 Cash Bonus – Place 500 Cash worth of orders
And there are plenty of other parlay bonuses, Market Order cash offers(when you hit milestones in make order volume), and perks relating to specific games or order markets. It is worth checking out the sports bonuses often to never miss out on a fantastic deal.
Social Media Friendly
As a Novig customer, you can interact with other Novig players, share experiences, and access special promotions galore on social media sites such as X, Instagram, and Discord.
Superior Customer Service
Good quality customer service is a rarity at most online sportsbooks, so Novig deserves special kudos for going above and beyond in this area. Besides offering 24/7 live chat and email support, an FAQ section, and help on the Discord Channel from other users, Novig is one of the few sportsbooks to offer live customer support by phone.
Our Novig Experience and Score
| Review Areas | Score (1-10) |
|---|---|
| Welcome Bonus | 9 |
| Betting Markets | 8 |
| Banking | 3 |
| Support | 10 |
| Safety | 8 |
| Promotions | 7 |
Novig Sports Markets
Novig’s customers tend to be casual sports fans rather than sophisticated sports handicappers, and as such, the sports they are most likely to follow and trade on are the major league professional sports, NCAA football and basketball and a few “niche” sports. So, while the very limited sports coverage that Novig offers would never cut it at a major sportsbook catering to a much more diverse customer base, it works at this peer-to-peer trading site.
The sports that Novig currently posts trading lines on include the following:
This is a modest list of sports, even for a social sports predictions site. Novig is expanding its sports coverage, and it does so regularly. It focuses on America’s favorite sports, and as the preferences expand into new sports and territories, so too does Novig’s scope.
Meanwhile, customers who would like action on a sporting event that Novig does not offer for matched peer trading can inquire if they can place the play directly against the house.
Novig accepts all of the following trade types:
- Moneylines(which team will win outright)
- Point spreads
- Over/unders
- Props trades
- Parlays
- Peer to Peer Futures
Live trading is available, but only for select sports competitions. This shouldn’t really surprise you, as these P2P platforms require people to lay your play, and during live games, it means having someone trading on the opposite line nearly at the same time as you – so keep your expectations low when making live predictions on any peer to peer platform.
The good news is, Novig offers NFL futures so you can get in on the action early, and lock in those high value outright predictions. You can start trading on division winners, win totals, season awards, and more. This is excellent for NFL fans who want to catch those early bird lines on teams, players and more. It also adds another layer of excitement during the season, as you follow the team or player you have backed closely.
Live parlays are also now available on the site. This means you can react to what is happening in real time and add multiple legs to one prediction for huge potential payouts.
Novig Banking Methods
The banking options (purchase and redemption methods) currently available at this site are extremely limited. They include the following only:
- Online Banking (via Trustly)
- Mastercard, Visa, and Discover credit and debit cards (purchases only)
- Aeropay
We would like to see the introduction or PayPal or similar to the app, maybe one day.
Novig Redemptions
The minimum redemption is 20 Novig Cash (equal to $20). Allow up to 7 days for the first redemption (including extra time for setting up Online Banking and KYC checks). Thereafter, the Novig redemption time is generally around 2-3 business days, as your payment method has been greenlighted and Novig doesn’t need to verify it again.
You should note that Novig does has playthrough requirements on new Novig Cash that you pick up through the daily login or otherwise. You can’t just pile up the daily login offers and then request a redemption. These have a playthrough requirement of 1x. Effectively, you need to circulate the funds once, and then any returns you make off your trade is free of any restrictions, and you can cash it out when you reach that minimum limit of 20 Novig Cash (~$20).
Novig Support and Contacts
This is an area where Novig excels. Customers have access to all of the following:
- Phone support
- Live chat
- Help Center (FAQs)
- Discord Channel (Help from other users—Do not include any personal information)
Is Novig Legal?
Yes, Novig is regulated by the Federal Trade Commission and state sweepstakes laws and is currently legal for those 21 years of age and older in 35+ states and Washington, DC.
Novig.us is legal in the following states:
AK, AZ, AR, CA, CT, DC, DE, FL, GA, HI, IL, IN, IA, KS, KY, ME, MD, MA, MN, MS, MO, NE, NH, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, UT, VT, VA, WA, WV, WI, WY
The platform doesn’t accept minors, and you need to be at least 21 years old to sign up.
Regular Deals and Rewards at Novig
Novig has a Refer-A-Friend program. For each successful referral, you and your friend each receive $25 in Novig Cash. Although Novig does not offer a loyalty rewards program, there are many ways to snag extra Novig Cash both on-site and through social media.
Novig Coin Refills
It is non-stop action on Novig, they want you to just keep going and going and they help you to do that by constantly keeping your coin bankroll topped up. Each time our Novig Coins balance dipped below 100, we would get a refill of up to 500 Novig Coins, and you can claim this refill as many times as you want. This only applies to Novig Coins; there are no refills on Novig Cash once you run out. This is certainly one of the better bonuses we have encountered, and it encourages you to stay engaged on the site.
Novig Mobile Apps
Novig is a fully mobile automated peer to peer trading app, and you can download the mobile apps from the App Store or Google Play Store. The mobile apps are well designed, and they give you full access to all the trading features and peer to peer exchange functionalities Novig has to offer.
You can easily link up bank accounts, reach out to the support, and even join the Novig Discord to mingle with your Novig peers.
Novig Review Verdict
Novig Sweepstakes Sportsbook and Exchange offers an innovative alternative to traditional sportsbooks. It is great for casual players who enjoy the social aspect of gambling and appreciate the opportunity to switch back and forth between playing for fun and trying to make a profit. Novig is not for high rollers or serious players who value live trading options and superior market depth.
