Novig promo code SOUTHERN: deposit $10, get $50 in Trade Credits (October 2026)

How the Novig promo code works

Novig is not a sportsbook, so its welcome offer is not a “bonus bet”. You deposit $10 or more, and Novig credits your account with $50 of Trade Credits: buying power you can put on contracts without spending your own deposit. The credits come as 5 pieces of $10, which is the part most people miss. Only one credit can be applied to a trade, so you are not placing one $50 trade; you are placing 5 separate $10 trades.

Each credit can buy any contract priced between 1¢ and 60¢, which in odds terms is -150 or longer. That rules out heavy favourites and nothing else. When a credit trade wins, the proceeds settle as ordinary funds and are withdrawable with no playthrough. When it loses, you have lost a credit, not your deposit. Use the whole $10 on one trade: any unused part of a credit is forfeited, and each credit expires 30 days after it is issued. Source: Novig’s program terms, section 7.

What $10 returns at common prices

Because the credit is not returned on a win, longer prices make the credits worth more. A credit on a -150 favourite returns $6.67 if it hits; the same credit at +200 returns $20.00.

How to claim the Novig promo code SOUTHERN

1. Open Novig through a link on this page. Tap any Novig link here. It opens novig.com with this site's attribution; the promo code field appears during sign-up.
2. Enter promo code SOUTHERN. Type SOUTHERN in the promo code box when you create the account. Adding it later is not guaranteed to work, so do it at sign-up.
3. Verify your identity. Novig is a CFTC-designated exchange, so it checks that you are 21 or older and in a state where it operates. Have a photo ID ready; it usually takes a minute.
4. Deposit $10 or more. The first deposit has to be at least $10. Card, bank transfer and the usual wallets are accepted.
5. Get $50 in Trade Credits. The credits arrive as 5 separate $10 credits. Only one credit can go on a trade, so that is 5 separate trades, each on a contract priced 60¢ or less.

Novig promo code terms, in plain English

• New customers only. One offer per person, household and payment method.
• 21 or older, physically located in a state where Novig operates when you sign up and when you trade.
• $10 minimum first deposit. The credits are issued after the deposit clears.
• Credits are buying power, not cash. They cannot be withdrawn or transferred, and only one credit goes on a trade.
• Price cap of 60¢ per contract (-150 or longer). A credit cannot buy a shorter price.
• 30-day expiry from the day each credit is issued; unused remainders are forfeited.
• Winnings are real money. Proceeds settle as ordinary funds with no volume requirement before withdrawal.
• One program at a time. The deposit credits cannot be combined with the referral, points or maker programs.
• Runs from Wednesday, September 30, 2026 for one year unless Novig extends or ends it. Deposits before that date do not qualify.

Novig’s own wording: New Novig members only (no previous trades), 21+, in eligible states; one offer per person. Deposit $10 or more to receive $50 in Trade Credits, issued as five $10 credits. One credit per trade, on any contract priced 1¢ to 60¢ (about -150 or longer); any unused part of a credit is forfeited. Credits are non-withdrawable and expire 30 days after issue; winnings settle as ordinary, withdrawable funds. Cannot be combined with other Novig programs. Novig is not available in Arizona, Michigan or Nevada. If you or someone you know has a gambling problem, call 1-800-GAMBLER.

What is Novig?

Novig is a sports prediction market designated by the Commodity Futures Trading Commission. Instead of betting against a book that sets a line with a margin built in, you buy and sell contracts on an outcome with other users. A contract on a team to win trades between 1¢ and 99¢ and pays $1 if that team wins, so the price is the market’s probability. On this site every Novig price is also shown as American odds and as profit per $100 so it can sit next to DraftKings, FanDuel and Kalshi on the odds board.

Novig versus a sportsbook

• No vig on the price you set. You can post your own price and wait for another trader to take it, like a limit order.
• No limits for winning. Sportsbooks cut off sharp accounts; an exchange wants more volume.
• Sell before the game ends. A contract can be sold back to the market at the current price.
• Available where sportsbooks are not. Texas, Georgia, Alabama, Mississippi, South Carolina and Oklahoma have no statewide sportsbook app and do have Novig.

Terms you will see on Novig: a trade is a position, Trade Credits are the promo stake, and the app shows prices in cents by default with an American-odds toggle.

Novig fees: what you actually pay

Novig does not build a margin into its prices. Instead it charges a fee on some trades, using one formula: fee = coefficient × price × (1 − price) per contract, where the price is the contract’s cost in dollars. Fees are highest at 50¢ and shrink toward either end. Makers, whose resting orders are filled by someone else, pay nothing on any market. Source: Novig’s fee schedule.

Every price on this site’s SEC board is a pre-game straight trade, so a Trade Credit placed from the board pays no fee at all. A live trade on a SEC game is the one place the college-football rate applies: 1.5¢ on a 50¢ contract, or $1.50 on 100 contracts.

How that compares with Kalshi and Polymarket

Both exchanges also quote a probability rather than a line with vig, and both charge on the fill. On this site’s board Kalshi is modelled at 7¢ × P × (1−P) per contract and Polymarket at a 5¢ coefficient where a market states no schedule. At a 50¢ price that is 1.75¢ on Kalshi and 1.25¢ on Polymarket per contract, against $0 for a pre-game trade on Novig. The odds board does this arithmetic for every SEC game so you can see profit per $100 after fees side by side.

Other Novig promotions you can use after the code

• Refer a friend: give $50, get $50. Your friend gets the same $50 deposit offer; you get five $10 Referral Credits once you have made at least five trades, risked $50 and deposited $10. Up to five referrals, credits usable for 7 days after they are issued. Terms.
• Points Program. Opt in and your eligible trading volume earns Points that move you through monthly tiers. Each tier unlocks Trade Credits, deposit matches or both, and everyone who reaches a tier shares that month’s incentive fund. Points reset on the first of each month and have no cash value. Terms.
• Maker Credit Program. Post a resting order on a live or eligible futures market and, when a taker fills it, Novig pays you 50% of the live taker fee (70% on eligible futures) as cash within seven days. That is how to get paid for providing the price instead of taking it. Terms.

Deposit Trade Credits cannot be combined with those programs, so the order is: use the five $10 credits first, then opt in to Points.

Is Novig legit?

Yes. Novig is the trade name of Ludlow Exchange, LLC, d/b/a Novig, a contract market designated by the Commodity Futures Trading Commission. Its promotion terms are filed with the CFTC, every market is fully collateralised (your position is backed by cash on both sides, which is why a contract pays exactly $1), and the exchange publishes its rulebook and member agreement. It is available in 47 states and not in Arizona, Michigan, Nevada. Because it operates under federal commodities law rather than state sports-betting law, it is live in SEC states that have never licensed a sportsbook.

Who the promo code suits

• Fans in Texas, Georgia, Alabama, Mississippi, South Carolina and Oklahoma, where there is no statewide sportsbook app to compare it with.
• Anyone who shops lines. With no vig on pre-game trades, Novig’s price is usually the best on the board; the comparison shows the gap in dollars per $100.
• Players sportsbooks have limited. Novig matches you with other traders and has no reason to cap a winner.
• Not for anyone who wants to be paid in bonus bets, or who trades mostly live college football, where the taker fee is highest.