My Favorite Parts of Novig
- Better odds than traditional sportsbooks
- Many arbitrage opportunities
- A steady stream of free coins
- Fantastic selection of props
- Safe & secure
OA Review Rating
84/100
Fees
39/40
User Experience
10.5/12.5
Market Variety
9/12.5
Limits & Liquidity
9/12.5
Tools & Features
1.5/5
Deposit & Withdrawal Methods
Payout Speed
Up to 48 hours
Novig is a peer-to-peer sports prediction market app that works a lot like a betting exchange. Instead of placing bets against a sportsbook, you trade positions with other users.
As the name suggests, Novig charges zero vig, which is where the name comes from. Because of that, their lines are often more favorable than what you see at traditional sportsbooks.
Unlike Kalshi and Crypto.com, you can't sell your positions. Instead, you take existing prices or post your own and wait for someone to match them. It mimics trading on the entry side, but matched bets stay locked in until the event settles, though you can always hedge by betting the other side.
Since Novig operates on a sweepstakes model, it uses virtual currency rather than real money for most interactions. Novig Coins have no value outside the app, while Novig Cash can be redeemed for cash prizes once you play it through a single time.
This also Novig to operate in many states where online sports betting isn't legal. It is available in all states except Alabama, California, Colorado, Connecticut, Idaho, Louisiana, Michigan, Mississippi, Montana, Nevada, New Jersey, New York, Tennessee, and Washington.
What I like about Novig is that they offer exceptional odds, live chat support, free bonuses, and a wide range of player props and season-long specials.
On the downside, the Novig user experience could use some work. I ran into a couple of login issues, and the overall betting flow could be smoother. I am not a fan of scrolling inside markets like spreads and totals just to move the line. It feels clunky.
If you're interested in checking it out, use Novig promo code ODDSASSIST during registration to get a $50 in Novig Cash after spending $5 on the site.
In this Novig review, I will take a detailed look at the platform and break down key areas, including the sign-up bonus, market selection, fees, banking, and more.
Ratings by Category
Overall Rating
84/100
Novig is a strong addition to any betting toolkit thanks to its sweepstakes-trading hybrid model and true no-vig setup.
Fees
39/40
With zero vig baked into the prices, Novig consistently posts some of the best odds you’ll find anywhere.
User Experience
10.5/12.5
The app runs fast and looks sharp, but the way the menu displays lines feels clunky, and I encountered a couple of minor login issues.
Market Variety
9/12.5
Novig covers a solid range of sports and offers a strong mix of props, but it doesn’t offer non-sports markets.
Limits & Liqudity
9/12.5
Liquidity is strong on major sports, but it can tail off in the smaller markets.
Customer Reviews
11.5/12.5
With a 4.9 rating on iOS, it’s clear users are happy with how the platform performs.
Tools & Features
1.5/5
Novig is light on advanced tools compared to prediction-focused platforms that offer deeper analytics or trading features.
Banking
3.5/5
It’s a plus that withdrawals are fee-free, but Novig doesn’t support crypto, which many bettors expect from trading-style apps.
How Novig Works
Novig operates as a peer-to-peer sports exchange where you’re not betting against the house but against other users, much like how other prediction markets work.
Instead of pre-set odds, the market forms based on the offers users make, and Novig simply matches both sides and handles execution.
It ends up feeling like a hybrid of a sportsbook and a simple trading platform, but without the complex, heavy interfaces you typically see on financial exchanges.
Make vs. Take: The Core Trading Logic
At the heart of Novig’s system are two actions: Make and Take.
- Make means you’re creating your own odds and stake. If someone accepts your odds, the bet is matched. If no one accepts it, the offer remains pending, and you can edit or cancel it at any time.
- Take is the opposite. You accept an offer that is already on the board. This works like a market order. You click the odds you like, the bet locks in immediately, and the funds are reserved.
Next to each price point, you’ll see a specific dollar amount (for example, $9.49, $51.74, $160.39). These numbers represent liquidity, meaning how much is available to “take” at that exact price.
If you want to put down more than’s available, only the amount on the board is matched, and you can fill the rest with other offers or by posting your own.
Even though the app doesn’t show a traditional order book, it functions exactly like one. Users post offers, those offers wait for a counterparty, and every matched trade comes directly from user-to-user interaction.
Pending Bets and Partial Matches
If a Make offer is not fully accepted, it stays pending. Novig also allows partial matching.
For example, if you want to risk $50 at a certain price and another user is willing to accept only $20, you end up with a partially matched bet, with the remaining $30 still waiting for a counterparty.
Odds, Risk, and Payouts
Odds are shown in the standard American format, such as +110 or -120. As soon as you enter your stake, the interface tells you your potential profit, total payout, the amount you are putting at risk, and how any change in the odds would shift your return.
There is no hidden margin. The spread comes from what users are posting, not from the house. Because of that, the quality of the odds depends on how active the market is and how much liquidity is sitting on each side of the outcome.
How Bets Settle
When a trade is matched, the funds from both sides are held as collateral until the trade is settled. Once the game is settled, the winning side is paid out automatically based on the odds that were locked in at the time of the match.
Sweepstakes Model: How Novig Stays Legal in the US
Novig operates through a sweepstakes model, which allows it to operate legally in states where traditional sports betting isn’t permitted.
Novig doesn’t have you bet real money straight into the system. Instead, everything runs on two separate currencies: Novig Coins and Novig Cash.
Novig Coins are just for fun and have no real-world value. They're good for testing your skills with no real risk.
Novig Cash, on the other hand, can be redeemed for cash prizes and is what really matters. You can get Novig Cash by purchasing coin packages, logging in regularly, completing challenges, and more.
The important part is that you’re not required to spend real money to participate. And if you do pay, you’re simply buying virtual currency, not paying for a wager. The betting piece is treated as part of the sweepstakes experience rather than a real-money gambling transaction.
When you win, you earn virtual rewards, and those rewards can be redeemed for prize payouts. This setup keeps Novig inside the sweepstakes rules and separate from the regulations that apply to traditional sportsbooks.
Check out my guide on how the sweepstakes model works, where I break it down in simple terms and show why platforms like Novig can operate legally in most states.
Why There’s No Sell Option on Novig
One thing that makes Novig different from prediction markets like Kalshi or Crypto.com is that you can’t sell or cash out a matched position.
Once your bet gets filled, it sits in escrow until the game is over.
There are two main reasons for that:
First, the sweepstakes model doesn’t allow cash-outs
Sweepstakes rules require fixed prizes and don’t allow any type of in-event financial trading.
Cash-outs, partial exits, or live price adjustments would turn Novig into a real-money operator, pulling it out of sweepstakes territory and into full sports betting regulation.
Second, Novig bets aren’t transferable contracts
On a true exchange or derivatives platform, positions are standardized and can be bought or sold at any point.
Novig doesn’t work that way. A matched bet is tied to your account and held in escrow. It isn’t something you can transfer or unwind the way you would on a predictions market or a financial exchange.
The upside is simplicity. Your risk is set the moment your bet matches, your payout is clear upfront, and you don’t have to chase live price moves to manage your position. It feels closer to a sportsbook bet, even though the pricing behaves more like a trading model.
There is one exception to this rule. If your Make offer hasn’t been matched yet, you can cancel it, adjust the odds, or change your stake at any time. That is technically the closest thing to a sell action, but it only applies before the bet matches, not after.
Where Is Novig Available?
Novig availability includes most of the U.S., except Alabama, California, Colorado, Connecticut, Idaho, Louisiana, Michigan, Mississippi, Montana, Nevada, New Jersey, New York, Tennessee, and Washington state.
You must be at least 21 years old to sign up and play.
My Favorite Parts About Novig
- Genuinely fair odds thanks to no-vig pricing: Novig’s lines are user-generated, so there’s no hidden juice baked in. Because of that, the odds are often better than what you’ll see at major sportsbooks, especially when liquidity is strong.
- Great for arbitrage betting: Because the prices aren’t weighed down by vig, pairing a Novig line with a traditional book can create many arbitrage bet opportunities.
- A steady stream of Novig Cash: Between daily logins, the mail-in promo, missions, and random drops, you can get a good amount of free action on the platform. You don’t have to purchase a coin package right away to place real trades.
- Fantastic selection of props: Novig offers unique props that you rarely see on prediction market platforms, such as first basket scorer, passing completions, and anytime TD scorers.
- Strong security measures: Novig uses passkeys, two-factor authentication, and stricter identity checks compared to most sweepstakes-style sites. It feels closer to a real-money financial platform than a casual social sportsbook in terms of security.
My Least Favorite Parts About Novig
- UX shortcomings: Inside the app, the home screen feels crowded. Promos, filters, and markets sit in the same space, which makes navigation feel jammed. The line-adjusting tool for spreads and totals is also awkward, and it’s easy to miss the number you’re trying to set.
- Weaker liquidity in less popular sports: Despite having a lot of prop and alternate line markets, they often have no or little liquidity, meaning you often won't be able to get the bet in. In some cases, Novig may match your bet itself. When that happens, they add a small fee. It doesn’t come up often, but it’s worth being aware of.
Novig Sports Pricing
Novig’s pricing differs from traditional sportsbooks, as it lacks a built-in house edge or a fixed vig/juice.
Instead of a bookmaker setting the line, Novig’s odds come directly from what users are willing to “make” and “take” in a peer-to-peer order-driven market.
When liquidity is sufficient, this often results in noticeably better odds than those from FanDuel, BetMGM, and other mainstream sportsbooks.
To show how this works in practice, I compared Novig’s pricing on the 49ers vs. Cardinals matchup to the same lines posted at FanDuel and BetMGM.
Moneyline Comparison
Sportsbook | 49ers ML | Cardinals ML |
|---|---|---|
Novig | -170 | +165 |
FanDuel | -190 | +160 |
BetMGM | -190 | +155 |
On the moneyline, Novig comes out ahead on both sides. Backing the favorite is cheaper on Novig (-170 vs. -190), and the underdog offers a higher return (+165 vs. +155 to +160). That gap exists because the pricing is user-driven.
With no house margin built in, the odds tend to sit much closer to true fair value.
Spread Comparison
Sportsbook | 49ers -3.5 | Cardinals +3.5 |
|---|---|---|
Novig | +107 | -111 |
FanDuel | -106 | -114 |
BetMGM | -105 | -105 |
When it comes to the spread, the 49ers -3.5 side is actually much better on Novig (+107 compared to -105 and -106). That alone is a massive swing in expected value.
The Cardinals +3.5 side, on the other hand, isn’t the best on Novig. At -111, it’s worse than BetMGM (-105) but better than FanDuel, which was sitting at -114.
This highlights a key aspect of P2P pricing. Sometimes Novig beats the market, sometimes it doesn’t—you have to shop around for the best deal.
It all comes down to the offers users have posted at that moment. And that’s really the point. Liquidity sets the price.
Totals
Sportsbook | Over 41.5 | Under 41.5 |
|---|---|---|
Novig | -104 | +101 |
FanDuel | -106 | -114 |
BetMGM | -110 | -110 |
For totals (Over/Under), Novig is better on both sides. The Over at -104 beats both FanDuel (-106) and BetMGM (-110), and the Under at +101 is a clear upgrade over the -114 at FanDuel and the -110 at BetMGM.
Novig Sports Welcome Bonus
As soon as you create a Novig account, you get a starter bundle of 1,000 Novig Coins and 5 Novig Cash.
If you want to stack that no-deposit bonus with another offer, make sure to use my Novig promo code ODDSASSIST when signing up to get $50 in Novig Cash after playing $5.
Keep in mind that any Novig Cash you receive from bonuses comes with a 1x playthrough requirement. In other words, you need to play it through once before it becomes eligible for redemption.
Novig Promos for Regular Players
Promotions are where Novig really cooks. Competitors like Robinhood and Kalshi throw out a few basic perks, but Novig puts more meat on the bone and gives everyday players something worth checking out.
There are plenty of ways to stack free coins, and here are a few promos they've run recently:
- 25% TNG odds boost: If you build a 3-leg parlay with minimum odds of +300, Novig bumps your payout with a 25 percent profit boost. The max trade allowed is 25 Novig Cash.
- Challenges: Novig drops free coins when you complete certain milestones. For example, placing 5 straight orders on First Touchdown outcomes earns you 5 Novig Cash.
- Referral program: You can earn 25 Novig Cash for every friend you bring to the platform.
- Daily bonus: Novig rewards steady logins. Five straight days earn you 1 Novig Cash. If you hit 25 straight days, that jumps to 6 Novig Cash.
- Mail-in bonus: You can send in a mail-in entry by following the instructions on the Sweepstakes Rules page and get 5 free Novig Cash for each approved submission.
Novig Sports Market Variety
ODDS ASSIST RATING: 9/12.5
There are plenty of betting options to work through at Novig. You get no-vig lines across 6 sports, along with college basketball, NCAAF, and entertainment.
Betting options per sport range from totals, moneylines, and spreads to player props, game props, parlays, and futures.
Sports Selection
Here’s a complete look at the sports Novig offers:
- NFL
- NCAAF
- NHL
- NBA
- Golf
- NASCAR
- NCAAB
- UFC
- MLB
- Tennis
- Soccer
- Entertainment (such as Dancing With the Stars)
It’s a nice mix, but there are fewer options compared to Kalshi, which also includes esports and baseball. It’s also a big step down from the 40 sport menu available on Sportzino, one of the major social sportsbooks.
Market Selection
Novig doesn’t offer the same depth of player props and futures you’d find on FanDuel or DraftKings, but it still brings more variety than other sports trading apps.
Here are some of the cool prop options I’ve come across:
- Points, rebounds, and assists in the NBA
- Team totals in basketball
- First basket markets
- Three pointers made
- Combo bets in basketball (rebounds + assist, triple double)
- Shots on target in soccer
- Player saves in soccer
- Anytime TD scored
- First TD scorer
- Interceptions thrown
- Passing attempts
- Longest rush
- Kicking points
As for futures in the major sports, the selection mostly centers around the championship winner, season awards, and “make the playoffs.”
They also post-season specials for football and NCAAF, including markets like “Will Emeka Egbuka lead all rookies in receiving touchdowns?”
Live Trading on Novig
You can fire off picks on Novig even after the game has already started. Just head to the “live” tab, and you’ll see every matchup that’s currently underway. The flow is basically the same as live betting at a traditional sportsbook, just in a trading-style format.
Accessing The Novig App
Novig has native apps on both iOS and Android. Since they only rolled out the desktop version recently and originally launched as a mobile-only product, it’s pretty obvious this is a mobile-first platform. In my experience, it runs smoother on mobile.
Feedback on the two apps is split. The iOS version has a 4.9 rating, while the Android version is at 3.8.
I reviewed numerous user reviews to understand what players prefer, and most of the feedback goes to the no-vig setup rather than the app itself.
Most negative app store feedback isn’t about pricing or markets; it's about usability, with some users reporting login issues or app crashes.
My Experience Using the Novig App
ODDS ASSIST RATING: 9/12.5
I spent time using the Novig app in the same way a regular bettor would, signing up, linking a bank account, scrolling through markets, placing a few bets, and checking out the rewards and settings tabs.
From the first screen, Novig felt like a sportsbook skinned as a trading terminal. The UI is sleek and dark, there’s a lot of data on screen, and the entire layout subtly nudges you to think in terms of markets rather than the usual “pick a side and pray” sportsbook flow.
There’s plenty to like, but once I started placing real bets, a few UX rough edges started to show.
Interface and Navigation
Novig uses a simple bottom nav bar with 5 tabs:
- Events: the main lobby for games and markets
- Rewards: monthly missions, daily login streaks, and referral bonuses
- Wallet/Balance (center icon): quick view of Coins/Cash and purchase options
- Portfolio: active and settled bets
- Account: settings, odds format, market rules, and support
I spent most of my time on the Events tab. That screen always opens with rotating promo tiles (boosts, challenges, featured offers), followed by filters such as Hot, Live, and leagues.
Under that sit the actual markets, with game tiles showing Spread, Total, and Money columns, plus a “Traded” line that tells you how much action the market has seen so far.
The overall design looks strong. The rounded cards, clear typography, and blue accent color make important buttons stand out.
But it can feel busy.
With promo tiles, tabs, league filters, and stacks of market cards all sharing space, the home screen can feel crowded, like everything is trying to pull you in at once.
Browsing Sports and Market Categories
Once I tapped into a specific game, the layout felt more familiar immediately. Markets are organized into clear tabs:
- Main Markets (spread, total, moneyline)
- Points / Rebounds / Assists for NBA
- Touchdowns / Passing / Receiving / Rushing for NFL
- First Basket / Team Totals and similar alt markets
At the top of the screen in prop markets, you’ll see a row of player names, and tapping one jumps you straight to that player’s section.
Each player has a clean card with their line displayed and the Over and Under prices side by side. It made comparing multiple players extremely easy without having to constantly back out of the market.
Futures also get their own view. The NFL MVP Winner screen lists players with a YES / NO column, so you instantly see both sides of the price instead of scrolling through separate markets.
The one place where things got clunky for me was adjusting lines. For spreads and totals, you have to scroll inside a small embedded slider, which never feels natural. It’s easy to overshoot the line or lose track of where the slider is.
Odds Format, Market Data, and Liquidity
Novig gives you plenty of flexibility in how you want odds to appear. In the Preferences screen, you can choose:
- American
- Decimal
- Percentage
- “Precise American” (more granular odds)
Given that Novig is exchange-style under the hood, I liked having the option to think in implied probabilities rather than traditional odds.
Liquidity shows up in two spots:
- On the game tiles, a “Traded:” label at the bottom shows total matched volume for that market.
- Inside a specific prop, when you open the order ticket, you’ll see dollar amounts listed next to each price level. Those numbers tell you exactly how much you can take at that price right now. It’s a very exchange-style touch, and it matters if you’re trying to get more down than just a few bucks.
That second data point is key for sizing bets. The dollar amounts next to each price show live liquidity.
If your stake is larger than what’s available at a given price, only that portion will match; the rest remains open unless you change the price or post a Make order.
The screenshot below is an example of how Novig shows live liquidity at each price level.
On the right side of the order slip, you can see multiple price levels, each with a dollar amount. Those numbers represent the exact amount of Novig Cash currently available to be matched at that specific price.
For example:
- At -115, there is 224.40 available
- At -119, there is 1176.30 available
Here’s what that means in practice.
If you use Take and try to place a 300 Novig Cash bet at -115, only 224.40 Novig Cash can be matched immediately at that price. That’s all the liquidity sitting there right now. The rest can’t fill at -108 because there are no additional offers available at that number.
From there, a few things can happen. You can accept a partial fill, let the remaining amount fill at other prices, adjust the price to reach more liquidity, or switch to Make and post your own offer.
You’ll also notice a Max Order number on the slip. This represents the combined cap across all price levels for that market. Even if liquidity is spread out at multiple prices, you can’t place a single order larger than that amount at that moment.
Some props also come with a Market History chart that tracks how Over and Under prices have moved over time, along with total volume.
Placing a Bet: Order Slip and Make/Take
Placing a bet occurs in a sliding Order Slip that appears from the bottom. At the top, I see my Novig Cash balance, and underneath is essentially a mini order book: “Over” prices on one side, “Under” prices on the other, each with available liquidity.
A big toggle lets me choose between:
- Take: accept existing liquidity
- Make: post my own odds
Using Take works like a market order. You tap the odds, enter your stake, and if there’s enough liquidity, the bet fills right away.
Using Make is closer to placing a limit order. You enter the price you want, add your size, and the order is posted. If it doesn’t match immediately, it appears in your Portfolio as a pending order, where you can see exactly how much has filled and how much is still pending.
My only gripe is that the slip covers most of the underlying market, so on a smaller screen, I sometimes had to close it just to re-check liquidity levels before sizing my bet.
Portfolio and Tracking Bets
The Portfolio tab is laid out like a mini brokerage account. You get two sub-tabs:
- Active: current matched bets and still-pending Make orders
- Settled: completed wagers with final results
Each active bet appears as its own card, showing:
- The market (e.g., Drake Maye – Over 39.5 +230 Rushing Yards)
- My stake
- Potential payout
- Event details
- “Matched” if filled
Since there’s no option to sell out of a position or cash out early, the Portfolio mostly functions as a place to track your exposure and wait for everything to settle.
Performance and Pain Points
Overall, Novig comes across as sharp but still a little rough around the edges.
What worked well for me:
- The app looks modern and cohesive
- Organizing the market by league and market type makes it easy to drill into NFL/NBA props and futures.
- The way liquidity and trading volume are presented gives the platform a real exchange feel.
- The Rewards and daily login structure fit naturally with the sweepstakes model.
Where it fell short:
- Login and bank linking were buggy for me. I ran into a couple of hangs and had to retry steps that should have been one-and-done.
- The home screen can feel overcrowded, with boosts, filters, and markets all stacked together in a way that sometimes feels random.
- I’m not a fan of embedded scrolling for spreads and totals. Adjusting lines inside that small scroll window feels clunky and makes it harder to land on the exact number you want.
Here are some other screenshots of other Novig(click to expand):
Novig Fees
ODDS ASSIST RATING: 39/40
Novig doesn’t charge trading fees the way Kalshi, Polymarket, or Crypto.com do. Novig generates revenue through the sale of virtual currency.
During periods of lower liquidity, Novig can also “seed” the market by placing its own Make orders or taking on a bit of risk to keep trading active.
Novig Liquidity & Limits
ODDS ASSIST RATING: 9/12.5
Liquidity is strong across the core markets. Spreads, totals, and moneylines for major leagues usually have enough depth to get filled without much trouble. Tennis, soccer, and PGA markets can thin out at times, so fills there aren’t always instant and may require some patience or price adjustment.
Props and alternate lines are more hit-or-miss. Many of those markets carry limited liquidity at certain prices. You can post a Make order, but it only fills if another user is willing to take the other side. In practice, props tend to work better for smaller bets or for users who don’t mind waiting.
Where Novig really differs from a traditional sportsbook is in how it handles limits.
There aren’t posted bet limits by market as you’ll see at FanDuel or BetMGM. Instead, your effective limits are determined by available liquidity and by redemption caps. Even if you’re able to get a larger position matched, there’s still a ceiling on how much you can redeem in a single cash-out.
Those redemption limits are on the lower end compared to those of regulated sportsbooks, making Novig less appealing to high-stakes or high-volume bettors. If you’re used to scaling positions or making large withdrawals at once, it can feel restrictive. For casual and mid-level bettors, it’s usually not an issue.
The bottom line is that Novig delivers good liquidity where it matters most, but limits are enforced on the back end through redemptions rather than upfront bet caps. That tradeoff fits the sweepstakes model, but it’s something bettors should understand before diving in.
Novig vs. Kalshi: Side-by-Side Comparison
I’ve been using both Kalshi and Novig, and even though they’re often mentioned in the same breath, they actually solve two different problems.
Kalshi is a real-money, CFTC-regulated event exchange, while Novig is a sweepstakes-based P2P sportsbook wrapped in an exchange-style UI. Here’s how they stack up.
- Odds display & data. Kalshi uses zero-to-one dollar contracts and lets you view prices as probabilities, payout dollars, or American odds. Novig offers American, decimal, percentage, and precise American formats, as well as liquidity markers such as “Traded” totals and dollar amounts at each price level.
- Order types and control. On Kalshi, you can place instant taker orders or set limit (maker) orders, and you can sell out of positions anytime before settlement. Novig also offers Make/Take functionality, but once a bet is matched, you can’t cash out or sell it. Your ticket is locked until the game is graded.
- Fees and costs. Kalshi uses a standard exchange fee model with low maker/taker fees and no built-in bookmaker vig. Novig promotes “no vig” pricing and doesn’t charge trade fees; instead, it monetizes through Coin bundles and sweepstakes-style bonuses, so your effective “cost” is tied to whatever in-app currency you buy. This lack of fees makes Novig one of the top Kalshi alternatives, especially if you're mainly interested in sports.
- Sports trading markets. Both offer moneylines, spreads, totals, player props, Same Game Parlays, and futures.
- Coverage and scope. Kalshi extends far beyond sports and lists markets in politics, macroeconomics, crypto, culture, weather, and more. Novig is limited to sports but runs much deeper in the NFL and NBA prop universe.
- Rewards vs. social. Kalshi’s standout feature is its social layer that includes an Ideas feed, public leaderboards, and verified trading profiles. Novig does not have a full social feed, although you can share picks, and there are leaderboard-style contests.
- Incentives & rewards. This is where Novig runs laps around Kalshi. Kalshi keeps things minimal, offering a small welcome bonus and a basic referral incentive. Novig constantly pushes no-deposit rewards, daily login streak bonuses, monthly missions, random Cash drops, and boosted referral payouts.
- Navigation & UX. Kalshi is clean, structured, and low on clutter, so it feels like a pure trading app. Novig looks great but is much denser, with promos, filters, and markets stacked tightly. Interactions like adjusting spreads and totals within the small scroll window can feel clunky, making Novig feel busier and more action-heavy.
How to Get Started with Novig
Getting set up on Novig is pretty simple, but you’ll still need to clear a few verification steps after creating your account before you can unlock the full platform and start placing bets.
I’ll break it all down for you step by step.
1. Register
When you hit the Sign Up button, the first screen asks for your email. You can also join using Google or Apple. If you go that route, you’ll need to log in to those accounts, and Novig will pull your basic info from them, but you'll still need to complete verification either way.
I went with the email option since logging into those other platforms felt like an extra hassle.
2. Create a Passkey
Next, Novig asks you to set up a passkey, which serves as an additional security measure. You’ll need it anytime you sign in from a different device, and it also lets you use Face ID for quicker logins. I’d set it up since it’s both convenient and a nice security boost.
3. Add an Authentication Method
A passkey is optional, but Novig still requires you to set up an authentication method. You can use Google Authenticator or go with SMS. I chose SMS, entered my phone number, and received a six-digit code that I entered to complete the step.
4. Enter Novig Promo Code
Type in Novig promo code ODDSASSIST to unlock 50% off your first purchase up to 25 dollars. This is added on top of the no deposit bonus of 1,000 Novig Coins and 5 Novig Cash you get after finishing registration.
5. Enter Personal Information
The next step is entering your personal details, including your name, date of birth, and address. You’ll then provide the last four digits of your SSN. To wrap up the registration, you’ll choose your preferred odds format.
Be sure the information matches your ID because their system will pick up on any inconsistencies.
6. Enable Location Services
Make sure your browser’s location services are turned on if you’re using Novig on a desktop. The platform is geofenced, and it will block you from playing if it can’t verify that you’re outside a restricted area.
How Novig Differs from Traditional Sportsbooks
On the surface, Novig looks like a modern sportsbook app, but once you dig in, the mechanics are very different. Below is a breakdown of how Novig compares to a standard sportsbook.
Feature | Sportsbook | Novig |
|---|---|---|
How prices are set | Odds set by the book with a built-in house margin (vig). Users cannot influence pricing except through market demand. | Prices come from user-to-user offers. You can post your own odds (Make) or take existing prices; no vig or house-adjusted lines. |
Market dynamics | Odds update periodically, and once your bet is placed, the price is locked for you. | Markets behave like a light exchange. Prices move instantly based on liquidity and new offers. |
Position control | Once placed, a bet is locked, but many sportsbooks allow early Cash Out at the book’s discretion. | No cash-out and no selling positions. You can edit or cancel Make orders only while they’re unmatched. |
Bonuses & incentives | Standard promos: boosts, bet credits, no sweat bets, bet & get, deposit bonuses. | Far more frequent no-deposit rewards: daily login streaks, challenges, referral Cash, and SGP boosts. |
Banking methods | ACH, PayPal, Venmo, debit/credit cards. | Visa, Mastercard, Discover, Trustly, Aeropay (bank link required to redeem Cash prizes). |
Cash handling | Real-money deposits and withdrawals. | Sweepstakes currency: Coins (free-to-play) + Cash (redeemable for prizes after playthrough). |
Fee structure | Vig is hidden in every line (typically 4–8%). | No vig, no trading fees. Prices are pure supply & demand. |
Transparency | Limited, as sportsbooks don’t show margins or liquidity. | Shows market volume, available liquidity, price history (for some props), and exact odds formatting. |
Regulation | Regulated as gambling under state gaming commissions. | Operates under sweepstakes law, allowing access in most states. |
Novig Deposits, Withdrawals, & Payout Speed
ODDS ASSIST RATING: 3.5/5
Thanks to the free coin giveaways Novig rolls out periodically, you technically don’t have to spend your own money to place bets. If that stream isn’t enough, you can always top up with a purchase.
Every coin pack you buy comes with a big haul of Novig Coins and a smaller boost of Novig Cash on top.
On the banking side, Novig is running a tight ship. The selection is lean, but the key methods are covered, including credit and debit cards and standard bank transfers, so getting money in and out is simple.
Purchases
Novig lets you load up through Trustly, Aeropay, Apple Pay, or a regular credit or debit card. Once you’re in the coin store, you’ll see 11 preset packs lined up, starting at $5 and stretching all the way to $5,000.
Cost | Novig Coins | Novig Cash |
|---|---|---|
$5 | $5,000 | 5 |
$10 | $10,000 | 10 |
$25 | $25,000 | 25 |
$50 | $50,000 | 50 |
$100 | $100,000 | 100 |
$200 | $200,000 | 200 |
$300 | $300,000 | 300 |
$500 | $500,000 | 500 |
$1,000 | $1,000,000 | 1,000 |
$3,000 | $3,000,000 | 3,000 |
$5,000 | $5,000,000 | 5,000 |
This is one of the most noticeable differences between Novig and the sportsbooks and trading apps we’ve been discussing. Novig only sells preset coin packs, while those other platforms let you punch in whatever amount you want to buy.
You’ll also need a fully verified account before you can make any purchases, so make sure that part is squared away first.
Redemptions
You’ll need to build up at least $20 in Novig Cash winnings before you’re eligible to request a redemption.
Once you clear that threshold, you can withdraw through bank transfer, debit cards, or Venmo. Novig lists the payout window as up to 48 hours, but mine showed up in my account in roughly a day.
Please note that the daily redemption cap is $10,000, and the per-transaction maximum is $5,000.
Novig Background
Novig was launched in 2021 by Harvard graduates Jacob Fortinsky and Kelechi Ukah, both with quantitative and trading backgrounds. Their goal was to address the biggest pain points in traditional sportsbooks: slow-moving lines, hidden vig, and sharp bettors getting limited as soon as they win.
Their answer was a peer-to-peer prediction market where users trade directly with each other and prices move based on supply and demand. The odds are shaped by the market, not by a house algorithm, and winning players are not pushed aside.
In 2023, Novig raised 6.4 million dollars in seed funding led by Lux Capital, with backing from Y Combinator, Paul Graham, Joe Montana, Soma Capital, and other well-known tech and finance investors.
Before launching publicly, they stress-tested the platform in a closed beta, processing more than 15,000 orders across over 1,000 markets.
To operate in the United States, Novig partnered with Full House Resorts on a long-term licensing deal in Colorado.
They also built a sweepstakes version of the app to reach users nationwide without obtaining full gaming licenses in every state.
Today, Novig presents itself as a tech-forward sports prediction market built by researchers, engineers, statisticians, and former high-frequency traders, with real-time pricing, exchange-style liquidity, and no vig baked into the odds.
Novig FAQ
How does Novig’s “no vig” pricing work?
Prices are determined by users posting Make and Take orders rather than by house-set odds. With no margin baked in, markets often tighten relative to traditional books when liquidity is strong. The exact price you see depends on what other users have posted at that moment.
Why can’t I cash out or sell my bet on Novig?
Once a Make order is matched, your stake is locked in escrow until settlement. Sweepstake rules don’t allow in-event selling, so bets can’t be cashed out early. The only flexibility is to cancel or edit Make orders before they fill.
How do Novig Coins and Novig Cash work?
You get free Coins and Cash when you sign up, plus more through streaks, challenges, and referrals. Purchased packs give you a large batch of Coins with a small Cash bonus. Cash becomes withdrawable once you’ve wagered it and accumulated at least $ 20 in winnings.
What deposit and redemption methods does Novig support?
You can fund purchases with Visa, Mastercard, Discover, Trustly, or Aeropay. You can check the full rundown of the processing fees and payout speed on my Novig banking page.
What kinds of sports and markets can I trade on Novig?
Novig focuses on major U.S. sports plus soccer, UFC, tennis, and entertainment. You’ll find moneylines, spreads, totals, a deep prop menu, futures, and Same Game Parlays.
How is Novig different from a traditional sportsbook like FanDuel or DraftKings?
Odds come from users, not the house, so there’s no vig and no per-bet fee. Bets are matched through a P2P system using Coins and Cash instead of direct dollars. The trade-off is losing features such as live cash-out and custom deposit amounts.
How is Novig different from Sporttrade?
Sporttrade is a real-money platform that lets you buy and sell positions like shares with full cash-out flexibility. Novig is sweepstakes-based, has no live selling, and relies on virtual currency sales instead of commissions. It leans more into no-vig pricing and frequent bonuses.
How is Novig different from Sportzino and other social sportsbooks?
Sportzino focuses on a wide range of sports and a casual casino feel, while Novig is more market-driven and data-heavy. Novig shows liquidity, traded volume, and price history on some props. Its no-deposit bonuses and streak rewards are also far more aggressive.
Who is Novig best for?
Novig suits bettors who care about price quality, hate paying vig, and prefer an exchange-style approach without live selling. If you want active position trading, Sporttrade or Kalshi fits better, but if you want competitive odds and constant incentives, Novig hits the sweet spot.
What are some popular alternatives to Novig?
Popular alternatives to Novig include Fliff, ProphetX, Kalshi, OG, and Crypto.com.
Is Novig better than ProphetX?
It depends on what you value. Novig has an edge on pricing because it doesn’t charge a 1 percent commission on winning bets the way ProphetX does, which can add up over time. On the flip side, ProphetX generally offers deeper liquidity and a wider range of markets, especially on props and less mainstream events.
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