# Independent Novig guides

> Independent. Not affiliated with, endorsed by or sponsored by Novig.

Canonical: https://novigapi.com/guides

Dated, sourced guides to how Novig works: percentages, fees, withdrawals, protected props, parlays and more.

- [What Is Novig? The Sports Prediction Market Explained](https://novigapi.com/guides/what-is-novig): What Novig is, who runs it, how it differs from a sportsbook, what you can trade and who can use it, with every fact checked against Novig and the CFTC.
- [How Does Novig Work? Orders, Prices and Settlement](https://novigapi.com/guides/how-novig-works): How Novig works step by step: contracts priced from $0 to $1, makers and takers, live trading, parlays by quote, settlement at $1 and the location check.
- [Novig Odds: Why Prices Show as Percentages](https://novigapi.com/guides/novig-odds-percentages): Why Novig shows odds as percentages, how to convert a Novig price to American and decimal odds, and how fees change the price you actually pay.
- [Novig Fees: Taker Fees, Maker Credits and Deposits](https://novigapi.com/guides/novig-fees): Every Novig fee as published on 12 Nov 2026: the taker fee formula, which trades are free, parlay and futures fees, maker credits and deposit fees.
- [Novig Coins vs Cash: What Happened to Both Currencies](https://novigapi.com/guides/novig-coins-vs-cash): Novig Coins and Novig Cash are retired. What the old currencies were, what happened to balances, and how Trade Credits and the USD balance work now.
- [Novig Withdrawal and Payout Time: Methods and Delays](https://novigapi.com/guides/novig-withdrawals): How long a Novig withdrawal takes, the $10 minimum, bank, debit card and Venmo payouts, and the reasons a withdrawal is held, from Novig's help center.
- [Novig Minimum Deposit, Methods and Deposit Fees](https://novigapi.com/guides/novig-minimum-deposit): Novig publishes no general minimum deposit. What it does publish: fee-free bank and stablecoin deposits, a 3% card fee and a $10 minimum withdrawal.
- [Novig Protected Props: How Protected Markets Settle](https://novigapi.com/guides/novig-protected-props): How Novig protected NFL player props settle at pregame fair value when a player sits out the second half, which markets qualify and how parlays are affected.
- [Novig Parlays: How Quotes, Fees and Settlement Work](https://novigapi.com/guides/novig-parlays): How Novig prices parlays through a request-for-quote auction, the 0.10 parlay fee inside each quote, how legs settle and what the API can and cannot do.
- [Novig Market Making: Maker Credits and Resting Orders](https://novigapi.com/guides/novig-market-making): How market making works on Novig: why makers pay no fee, how Maker Credits are calculated and paid, the October 2026 changes, and the risks of resting orders.
- [Is Novig Legit? Regulation, Payouts and Legal Risk](https://novigapi.com/guides/is-novig-legit): Is Novig legit? Its CFTC designation, identity checks, how withdrawals work, what is still legally unsettled and what Novig's own claims do and do not prove.
- [Novig for Sharps: Fees, Edges and When to Make or Take](https://novigapi.com/guides/novig-for-sharps): How sharp bettors can use Novig: the margin a fee-free pre-game price removes, fee-adjusted break-evens, making versus taking, and closing line value.

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