NoVig , The "Robinhood" Of Sportsbooks
Since NOVIG has no reviews, it deserves one. It truly is a 4 out of a 5 star company, if not possibly more, but no less than 4 stars.
Hello, I see novig changed debit card fees from 1% to 3% which is a great move from what I remember was a 1% at the start of introduction to debit card deposits . I remember having a conversation with Fortinsky and a recruiter of Whoop about credit card fees , charging 3% should be industry standard for any company who wishes to not lose money on basic things as such . Kalshi charges only 2%, but they add their own fees which makes up for the 1% of debit card losses per say . To the main point . Fortinsky said that NoVig will charge a 1% fee to all profits made by the users from a winning bet . I believe this is the best way for NoVig to actually be a profitable company , in addition from sharing profits from market maker bookmakers who offer poor liquidity - but - poor exit or entry prices is better than not having any freedom to sell or buy due to no opposing sides . Althought NoVig will lose its meaning in its name once it charges a 1% fee , it is a necessary evil and any other fees , besids maybe advanced statistics for a small fee of 1.99 or such - would be a evil and a downfall of NoVig . Moreover , I reccomend NoVig remove its daily rewards - besides new user registration and occasional promotional rewards - which can be seen as advertisement expenses to retain customers that generate profit for NoVig. To sum up this email , I am happy NoVig has changed to 3% credit card fees and hope daily rewards will also be removed because this is a uneeded strain on the economic health of NoVig . I hope to see Novig succeed and reopen as a real money exchange - I was told - the beggining of this football season - a few months before NoVig shut down in NYC dud to being a sweepstakes model . I wouls gladly use NoVig any day over the week over Kalshi , at 1% fees and would gladly , call NoVig the good guys of sportsbook exchanges. I ask that NoVig charge a fee no more than 1% of winnings otherise I cannot see NoVig compete with any sportsbook and will collapse under its own greed . The thing that makes NoVig stand out that it is too generous for users currently and when time comes for the company to stop relying on "growth at money loss" - NoVig will have to start losing its generous promotions and start realizing this " welfare" can only exist from a government . When reality comes and knocks on NoVigs door to start making a profit , my hope is NoVig will be the fairest market maker and give the best fees and experience for the customer , because if the customer grows - so will NoVig. And 1 penny adds up if you have 10 Billion giving a penny, once a day . I hope this email gets read and sent for suggestion , because if NoVig succeeds , so will I in a sense and so will all other people - because we will have a place to call home - NoVig - in a sense - and forget about all the other places taking advantage of users. Anyhow, that will be all . Hope to see NoVig reopen in New York , soon . - Artur Siedlecki