Novig Peer to Peer Betting Platform Review

A peer to peer trading platform that covers all America’s favorite sports to bet on, Novig is extremely popular among users who seek value. As a P2P app, you are not staking bets against the house, but instead trading against your fellow bettors – either winning their money or losing to them. You can set the prices on your plays or lay trades against your firends, and there is no juice at all, so you can stretch out your profit margin on winning wagers.

Novig launched its commission free P2P app back in 2024, and it is already available in 35+ states across the US. Using a sweepstakes model, you don’t need to make real money purchases at Novig, you don’t even stake your predictions using USD. Instead, it uses the virtual in-built currencies, Novig Coins (fun currency) and Novig Cash (Sweeps currency). The latter of which you can rack up with winning sweeps entries, and then redeem for real money prizes.

What Members Say About Novig

Sign Up at Novig

We were highly impressed with the security options when signing up at Novig. It may take a bit longer than registering for other betting apps and sweepstakes sportsbooks, but that’s because you can set up biometrics, multiple factor authentication, and then you need to verify your identity with the last 4 digits of your SSN.

Click on Trade Now on the desktop site, or download the app and click on the Novig Sign Up button. You can either sign up through an Apple or Google account, or sign up manually with your email address. Immediately afterwards, you can set up a passkey on your device. This is optional. Next, a password for your gaming account is required, followed by another authentication method. You can pick between a one-time SMS password or set up an Authenticator code on your mobile device. You can also set up fingerprint or facial recognition on your device after that, but this is optional.

Next, you can apply your promo code to get your Novig welcome bonus. If you sign up through our links, this should appear in the dialogue box, but if not, you can copy the OddsPlays Novig promo code here and paste it in:

Novig Promo Code: ODDSPLAYS

Finally, you have to fill out some personal data forms, verifying your name, mailing address, and date of birth. Novig only accepts people who are 21 years old or older. The last step is setting up your preferences – odds format and whether you want to see unseeded markets or not (more on that later). With those done, your account will be created, and you can claim your welcome bonus.

Novig Welcome Bonus

All new users at Novig get a first purchase offer, worth $50 in Novig Coins. Sign up, top up your account with $5, and make your first bet, and then you will receive $50 in Novig Coins.

A sweepstakes peer to peer app, you don’t need to make any real money purchases to stake your predictions, as you can enhance your Novig Coins balance through the Daily Login Bonuses and other promos. But there is the option to purchase more Novig Coins at any time, and with your first purchase, you get a neat boost.

The Novig Store has packages that range from $5.15 (5,000 Novig Coins + bonus 5 Novig Cash) and go right up to $5,150, (5 million Novig Coins + 5,000 Novig Cash), so there are options for any budget really. Once you are ready, you can hit the trading markets and start making your first trades.

Novig Legal States

Novig operates in 35+ states, and you must turn on geolocation services to access the trading platform. You don’t need to have a permanent address in any of the legal Novig states, but you should be physically located in one of them to sign up and bet at Novig. So long as you are physically located (and have location services switched on) in one of the following states, you can enter Novig:

Alaska, Arkansas, Arizona, California, Delaware, Florida, Georgia, Hawaii, Iowa, Illinois, Indiana, Kansas, Kentucky, Masachussetts, Maryland, Maine, Minnesota, Mississippi, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, and DC

Key Features of Novig

The main concern bettors have with P2P trading apps is that they tend to have restrictions on markets and parlay building opportunities, because you need to find buyers for your plays and it is pretty complex for the operators to put together these systems. But not Novig. One of the trading app’s biggest draws are its SGP and Parlay functionalities. Combined with Novig futures peer trades, an expansive array of props, and it has a lot of the same coverage you would expect at a top US sportsbook.

Sports Coverage and Market Depth

Novig has sports trades for the NFL, NBA, MLB, NHL, College sports, Soccer, Tennis ATP and WTA events, UFC fight nights, PGA Tour golf tournaments and a number of specials. It does all the basics that the majority of sports fans require, although the niche sports coverage is a bit lacking.

The platform makes up for this in its expansive assortment of props. You can trade on partial game derivatives such as halves/quarters/periods, as well as team props, and a great handful of player props. NFL fans can go into markets such as player touchdowns, passing props, receiving and rushing trades. NBA traders can similarly delve into various points markets, rebounds, assists and combos, among more. There are loads of options, and you can set the prices yourself or buy the market prices.

Bespoke P2P Features

When you check the markets, you can tap on any to view the market metrics. Value traders must check these before picking their trades, as it gives you a rough idea of the market sentiment, and the direction the lines are moving in. When you open the markets, you can view the following key metrics:

• Market History: The changes in the line movements and available prices are recorded as percentages
• Market Volume: The number of Novig Coins/Cash placed on that specific market
• Completed Orders: If you have staked any trades on this market, you can view them here

You can lay the trades at the given prices. Or, make your own custom price orders, you are free to experiment with the lines to get what you want. Just remember, you need someone to fill your trade, otherwise it will remain an unseeded market (and if no one bets against this trade, it will be made void). Another important thing to remember is to check any Completed Orders if you are setting your own prices. If the prices change, you don’t want to be left sleeping with dated prices – because it could open up a great opportunity at your expense.

P2P Parlay and SGPs

If you add multiple trades to your slip, you can combine these into SGP trades and parlays. It is easy to do, and there are plenty of cross trading opportunities to be had, so long as your trades don’t interfere with each other. We would point out, that not all same game trades can be combined into SGPs, so if you want to place an SGP, don’t give up if your initial combination doesn’t work. We found that outcome-related trades can be combined with player props, but most can’t be combined with each other, which is a bit frustrating.

However, parlay trading is a lot more flexible, and you can even make multi sports parlay trades. Having parlays and SGPs at all is a major perk of playing at Novig, and puts it ahead of the other P2P apps. An extra little thing to take note of, if you are parlay building then you can’t make your own custom price orders. This is quite acceptable though, because you can’t make a parlay with unseeded markets, as the majority of these would end up unfilled. You can only make parlays with markets that have liquidity.

P2P Futures & Live Trading

We were highly impressed with the selection of futures offered at Novig. It doesn’t just tick the box and give you NBA Champions or Super Bowl winners, you can also explore trading options relating to the playoffs, divisional winners, conference winners, and a handful of player season awards.

For the true value seeker, these can be extremely exciting options, especially if you are timing your orders for the best prices. You can track the prices, follow the market sentiment, and place your custom price futures trades at the ideal time to catch high value plays.

Live trading is another area that a lot of P2P apps fall short on. Novig offers live trades, and you can actually get orders filled on the most popular markets. For the best live trading experience, we advise looking for high profile games and picking out wagers that have high market volume. Members tend to pick these and stake live trades- creating liquidity and opportunities for you to lay wagers and catch those live peer to peer trades.

Portfolio and Trade Tracking

This is a neat touch that can help you build longterm strategies and manage your money better. Novig Portfolio has several charts and metrics where you can track your spending and see important stats like ROI, matched and unmatched plays, and see how your bankroll has grown or diminished.

Combined with the tracking positions, which you can view for any trading market, you can get a good look behind the scenes and learn how to time and price your trades smarter. These charts and tables are easy to access and even complete beginners can learn how to make the most of them.

P2P Early Payout and Hedging

This was a truly surprising feature, as P2P apps are based on the liquidity created by your trading orders – not Novig – so Early Payouts should be impossible. But they are not. And that’s not the only surprising part of it. Novig is not one of those platforms that discourages hedged trading and blocks your plays if you are found to be trading on both sides of a market. You are allowed to hedge plays, and the minimum return that you would get (regardless of the outcome) is credited back into your acocunt instantly – your early payout.

In theory, it won’t guarantee you a profit unless the lines change enough, or there is enough of a discrepancy to create a positive ROI. We will look at two examples, one in which you hedged plays with the given lines, and then an example in which you place an initial trade, and a hedged play later when the lines change (in your favor).

To make it work, you must pick a trading market and place an initial order. It can only work if the lines change and open the possibility to place a hedged play that would make a guaranteed profit – or – if you create a custom order at the favorable price and it gets filled.

Example of Hedging and Instant Payout

So, let’s say you pick an NBA game (Lakers vs Cavaliers). You have $180 to spend, and in the first example, you hedge it at the given price.

In the second example, you are placing the Lakers bet first, and then later make another play on the Cavaliers. We will assume, for the sake of the example, the lines on the Cavaliers will lengthen in your favor.

The instant payout comes regardless of whether your ROI is positive or negative – the minimum payout hits your account instantly. That leaves you playing for that extra on the top. The lines will not always move in your favor, but by following the positions using Novig’s metrics, you can get a good idea of where the consensus are moving.

In the hands of an expert hedged trader, these are highly valuable tools that can see you raking in rewards with timed orders and favorable prices. Plus, with those instant payouts you free up a good portion of your funds for the next orders.

Novig Betting Promos

Bonuses and promos are not commonly offered at P2P apps, the platforms usually make up for this by reducing the commission and charging no juice on your sports plays. But Novig gives you the best of both worlds, throwing in a variety of bonuses and promos to keep the experience fresh.

• Daily login (grows with consecutive logins)
• Milestone completion rewards
• Custom orders filled/unseeded market wagers
• Parlay boosts
• Parlay insurance
• Recurring limited run promos

The daily login bonus grants you Novig Coins and there are also Novig Cash bonuses if you login for consecutive days. After 5 days, you get a 1 Novig Cash bonus, after 15 this grows to 3 Novig Cash, and logging in for 25+ consecutive days comes with a 6 Novig Cash bonus. Beyond the daily bonus, you can also snap up hot Parlay boosts, parlay insurance offers, and limited run tournaments and missions.

For example, the Market Maker reward can grant you Novig Cash bonuses when you complete certain make order volume milestones – such as completing 1,000 made orders. The College Isn’t Over promo gives you Novig Cash bonuses after reaching milestones with your placed straight orders, and there are similar rewards for making orders on specific markets.

Novig also has leaderboard rewards, where you can track your ranking among other users and work towards hitting the rewards. There are also rewards for placing orders on unseeded markets, and ones for setting custom orders that get filled, encouraging you to think outside the box and test alternative lines or markets.

Purchases and Redemptions

Should you want to top up your Novig Coins balance, and snap up some bonus Novig Cash in the process, you can head to Purchase under the account settings and pick a package. Novig has bundles starting from $5.15 and going all the way up to $5,150. It is worth noting that there are a handful of discounted payment methods, through which you can purchase bundles for 3% less.

Novig Cash can be redeemed for USD payouts, but any cash you receive through promos has a 1x rollover requirement. After clearing the requirements, you can redeem your Novig Cash, with redemptions starting from $20 and going up to $5,000 per transfer, and up to $10,000 per day.

Responsible Gambling

The social betting platform delivers a handful of responsible gaming tools so you can control your spending. These include limits, time-outs and self-exclusion. Open the Gameplay Limits in your account, and you can set purchase limits, time outs, and cash order limits on your account.

Customer Support

Support is handled via live chat, a phone desk and email, and it runs 24/7. Novig also has a large Help Center where you can find loads of information, going beyond generic registration or payment queries to information regarding bonuses and peer to peer functionalities.

For such a prominent P2P platform, the support communication channels fell a bit short of our expectations. Finding the live chat dialogue box was a bit tricky, it is under your Account Settings, and then head down to Contact Us under Support. This prompts open a window from which you can head to the Help Center, or click on Messages and write a direct query to the support team.

The live chat is moderated by AI bots, and we couldn’t always reach through to live support agents. Some users also cited the same issues, with redemption queries or verification requests going unanswered for multiple days at a time. The phone support connects you to a generic voice-recorded operator, which is not the kind of service an app of Novig’s magnitude should give users.

Another option is to join the Novig Discord group, where you can ask questions to your peers or to the moderators, which we felt was a bit more secure and prompts better responses. This, we feel, is the best place to get proper support and attention from Novig.

Novig Mobile Apps and Security

The P2P betting interface is designed for mobile trading, and you can sign up, place trades, and manage purchases/redemptions through the bespoke Novig mobile apps. These are available at the iOS App Store and Google Play Store. We will note here that the iOS app is highly functional and it also comes highly rated in the App Store. The Android app is not as well received, with users citing technical issues and new version updates that are buggy.

While we didn’t come across such issues ourselves, it is worth taking note that for Android users, the desktop site is there – you should switch to this if the app has any buggy patch updates.

We also wanted to mention security here, as Novig has gone to extreme lengths to make sure your details are protected and you have the tools to make your account impenetrable. On sign up, it gives you options to set up passkeys on your device, an authenticator, and optional Biometrics facial/fingerprint recognition.

Our Verdict

There is not much more we would like to see from a peer to peer platform, Novig doesn’t just provide an expansive selection of markets, it has also fused in live betting, parlays/SGPs, futures, and supports hedged trades with instant payout features. The bonuses and rewards are highly generous, and we like the advanced metrics and tracking features for advanced strategists.

The only areas we feel the service could improve is in the support, with a lackluster AI-moderated chatbot, and perhaps the social functionalities. There are alternative P2P apps that provide loads more social features, from trading groups and challenging friends to social contests and leaderboards.

That being said, if you just want to place high value P2P plays, hedging your trades or tracking positions to get the best prices, Novig is a top choice.

Author

Daniel Craymer

Daniel is a seasoned sports betting writer who has collaborated with both operators and industry experts. He started his writing career in 2020, creating content for sports and casino brands in the Aspire Global Ltd network, and joined the team behind OddsPlays in 2023. An expert in the iGaming and sports betting sectors, Daniel specializes in bringing key insights and valuable resources to OddsPlays.