Novig Cash is used to place trades on sports markets through our sweepstakes mode. If your trade wins, your Novig Cash balance grows. Once you've met the minimum balance and playthrough requirements, you can redeem for real cash.
Frequently Asked Questions
How do I use Novig Cash to place a trade?
Log into your Novig account, select a game or market, and choose the sweepstakes mode before placing your trade. The potential winnings will be displayed before you confirm.
What are my odds of winning?
Your odds depend on the specific market you choose. Novig displays the odds for every market before you trade. Because Novig is peer-to-peer, the odds reflect the actual market rather than a house-adjusted line.
How are winners determined?
Winners are determined by the outcome of the real-world sporting event. Trades are graded against official data sources once the event concludes. Settlement typically occurs within 30 minutes of the event ending.
What happens when I win Novig Cash?
Your Novig Cash balance is updated automatically after settlement. Once you've met the minimum redemption threshold and playthrough requirements, you can redeem your Novig Cash for real cash.
Is there a playthrough requirement on Novig Cash?
Yes. There is a 1x playthrough requirement on all Novig Cash. This means you must use (wager) the Novig Cash at least once before it is eligible for redemption. For example: if you receive 20 Novig Cash as a bonus, you must place at least one trade totaling 20 Novig Cash before that balance becomes redeemable.
What is the minimum redemption amount?
The current minimum redemption is $20.
What is the maximum redemption amount?
The current maximum is $5,000 per single redemption and $10,000 per day. In New York and Florida, the maximum daily redemption is $5,000.
Do I need to be in an eligible state to redeem?
Yes. You must be physically located in an eligible state at the time of redemption. See "Where Can I Play Novig?" for the current list.