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The enemy of every sports bettor is the vig, the percentage a sportsbook takes from every bet. It is why a standard wager is priced at -110 instead of even money. Novig removes it.
Novig is a peer-to-peer prediction market exchange. You trade against other users rather than against the house, so there is no built-in margin on the price. New users who sign up with code PIKKIT get $25 in trade credits on a $10 deposit. Full terms are on our Novig offers page.
NOVIG SIGN UP: Get $25 in trade credits!
In August 2026 Novig relaunched as a federally regulated exchange after winning approval from the Commodity Futures Trading Commission. That matters because it is regulated as a financial exchange rather than licensed state by state, which is how it operates in states that never legalised online sportsbooks. It is not a sportsbook and it is not a sweepstakes book.
Novig is a peer-to-peer sports prediction market that functionally acts as a marketplace for bets among users. The app functions like a regular sportsbook; odds are posted for a variety of markets, from moneylines and spreads to totals and player props, and users can place wagers on what's available.
However, the lines posted aren't coming from the house - they're coming from other users. Players choose the lines they want to bet, set their own odds, submit their wagers, and the plays become available to other users who can then match the other side. That's why the house doesn't take a cut; the money is being matched by another bettor, not the sportsbook itself.
Imagine a football game where the Chiefs play the Bills. At the traditional sportsbooks, the Chiefs are -130 on the moneyline (to win), and the Bills are +110. Those 20 points in the middle are the vig; sportsbooks take a guaranteed percentage of total bets so that they can make money regardless of the outcome, and ensure bettors can't bet both sides.
You want to bet the Chiefs - but you don't want to pay -130. At Novig, you can choose to make the same bet at -120, saving $10 on a bet to win $100. And on the other side, the second user would match your bet at +120 – which is also a better price than the +110 they'd find at the other book. A win-win!
Novig does take a very small commission on wins, but it is significantly less than what a traditional book would take on either a win or a loss.
Due to the fact that the house isn't risking cash for players' bets, Novig has no incentive to limit sharp bettors, either.
Those who want to make money through sports betting should always sign up for as many books as possible to shop lines and consistently get the best price – and Novig often has the best price on the market.
Deposit $10 and receive $25 in trade credits with code PIKKIT. The credits carry a 1x playthrough before withdrawal. Enter the code when you create the account, since it cannot be applied afterward.
Pikkit is offering new Novig users a one-time discount when they sign up using our bonus code.
Novig is live in roughly 47 states plus Washington DC. Arizona, Nevada and Michigan are the states most commonly listed as excluded. Because it is federally regulated rather than state licensed, it operates in California and Texas where no legal online sportsbook exists. Prediction market rules are still developing, so confirm availability in the app before depositing.
Track Your Novig Trades. BookSync pulls your Novig trade history into Pikkit automatically, so you can see your real Novig ROI next to every other book you use.
