Rebet is a social betting platform that combines an interesting and free social gaming experience with the potential to win cash prizes. Although you can’t win real money at Rebet directly, you can redeem your Rebet Cash winnings into cash prizes once certain terms and conditions have been met.
If you have ever wondered if winning real money on Rebet is possible, you are not alone. The good news is that you are in the right place. This article will answer your pending questions on how to redeem cash prizes and the brand’s legitimacy.
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SportsMillions Highlights
- Great sports coverage
- Easy to make your picks
- No purchase necessary
Understanding Rebet's Virtual Currency System: Does Rebet use real money?
The
Rebet sportsbook
is fast becoming a premium destination for sports betting in the US. But can I win real money with Rebet? No, you cannot win real money on Rebet, but you can redeem your winnings into cash prizes. The operator uses two virtual currencies, Rebet Cash and Rebet Coins, instead of real money; here is a comparison of both before we discuss more on how they work:
| Rebet Coins | Rebet Cash |
| You can purchase bundles | You can’t buy them |
| No monetary value | No monetary value |
| For entertainment only | Redeemable for prizes |
1. Rebet Coins
Rebet Coins are solely for entertainment. You can use them to place bets and participate in tournaments, like Gold Coins on other sweepstakes sites, but you cannot redeem them. Every day, you get 100 free Rebet Coins just for logging in, and you can get more through other activities. The platform also provides special promotions you can claim to receive more of these virtual currencies for free.
2. Rebet Cash
Rebet Cash works like Sweepstakes Coins on other sites — while it has no monetary value, Rebet Cash can be redeemed for cash prizes once the terms have been met. However, you can’t purchase Rebet Cash; you only get it as a bonus from promotions or for buying Rebet Coin bundles. To redeem your Rebet Cash winnings, you must have a balance of at least 20 Rebet Cash, and each transaction attracts a $0.75 processing fee.
Is Rebet Legitimate?
The
Rebet app
is legal in 48 of the 50 US states, except Idaho and Nevada, so your winnings are legitimate. To sign up, bet and win, you must be in one of the
Rebet legal states. In addition, the sportsbook is totally safe to use. It employs advanced security tools and procedures, like SSL, to safeguard your data and transactions against unauthorized access.
Rebet sports coins
Sports betting made easy at Rebet
Can I Win Real Money at Rebet?
You cannot win real money prizes at Rebet directly. Although it abides by sweepstakes rules, which makes it impossible to stake real money directly, you can still redeem your Rebet Cash winnings for prizes once the terms have been met. You can exchange Rebet Cash at a 1:1 rate; for instance, $150 is equivalent to 150 Rebet Cash. Keep in mind that you need at least 20 Rebet Cash to request redemption, and it will need to be played through at least once.
How to Win Rebet Real Money
As mentioned, bettors cannot win real money directly from bets on Rebet sportsbook. As such, you must accumulate enough Rebet Cash by competing in tournaments, participating in community activities, winning bets, and claiming bonuses and promotions. You’ll also need to meet the playthrough requirements – then you can redeem your Rebet Cash for cash prizes.
Here are ways to get Rebet Cash:
The operator offers newly registered bettors 1 Rebet Cash and 100 Rebet Coins to start their betting journey. You don’t have to do anything to activate this offer besides creating an account. I must mention that the registration process is a breeze and will only take you a few minutes to complete. Just note that you must first download the Rebet app as the platform currently doesn’t support betting on its website.
🔑 Logging into your account daily
You get the same package of 100 Rebet Coins and 1 Rebet Cash everyday you log into your account. Similar to claiming the welcome offer, you won’t have to pay or provide a special code to claim the daily login bonus. Just access your account at least once daily and the freebies are yours.
You can win more Rebet Cash by using your Rebet Cash to bet on sports events. To do this, log into your account and navigate to the sports lobby. When doing this, opt for sports you’re familiar with and markets with the best odds, so you’ll have a better chance to get a decent amount of Rebet Cash if you win.
🏆 Participating in Tournaments
The sportsbook occasionally holds tournaments, and if you are among the best participants, you can be rewarded with Rebet Cash. Every tournament has its participation terms, but they often involve placing bets and ranking on a leaderboard. The higher your position, the better your bonus.
You can get more bonuses by inviting friends using the
Rebet referral code. Just note that your referral must make a purchase in order for you to get your bonus Rebet Cash.
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How to redeem Rebet Cash for real money
Keep in mind that you won’t be able to redeem the Rebet Cash you receive directly. You have to bet through them at least once for them to be exchangeable. Once you have at least 20 Rebet Cash, you can exchange it for cash prizes.
To make the exchange, log into your account and navigate to the redemption page. Here, you enter the amount of Rebet Cash you want to redeem and submit your request. The operator will process your request and credit you accordingly.
Pros and Cons of Rebet Real Money
Using the sweepstakes sportsbook comes with several advantages, especially because it’s a legitimate platform. However, I noted a few drawbacks, all of which I’ve listed below:
Pros & Cons
- Legitimate platform
- Low minimum redemption limit
- Wide range of sports and markets
- Limited redemption options
Conclusion
The Rebet app isn’t a scam—I’ve used it, and it’s been great. The peer-to-peer feature stood out for me, and I even shared the experience with friends. While Rebet Coins don’t have real money value, you can get cash prizes by redeeming Rebet Cash after you’ve met the playthrough and minimum balance requirements. Redeeming my winnings at the standard rate was smooth, though it took four days to get to my bank account.
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FAQs
❕ Is Rebet a scam?
No, Rebet is not a scam. It is a legitimate social sportsbook that operates legally and offers a secure platform for users.
💰 How do I redeem my winnings from Rebet?
To redeem your Rebet Cash winnings, you need to have a minimum of 20 Rebet Cash and have played through it at least once. You can then request a redemption through available methods: Bank Transfer and Apple Pay.
🔄 What is the difference between Rebet Coins and Rebet Cash?
Rebet Coins are for entertainment purposes only and have no monetary value. On the other hand, Rebet Cash can be redeemed for cash prizes once terms and conditions have been met. They work like Gold Coins and Sweep Coins at the best social betting sites.
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