How To Get Started With Sweepstakes: A Beginner's Guide To Understanding & Starting with Sweepstakes Betting

What Are Sweepstakes?

Sweepstakes differ from contests and lotteries. While all three offer a prize, sweepstakes do not require a deposit or buy-in fee to enter for a chance to win the grand prize. Contests typically require a form of "consideration" in that they need a monetary (sometimes non-monetary) means of entry and pick a winner via a skill-based test, rewarding the prize to the participant who beats all other contestants. Lotteries require a form of consideration, and winners are chosen via a mode of chance.

Sweepstakes are a form of gambling in which the winners are determined by chance. The winning participants each win a portion of the overall prize.

What Is Sweepstakes Betting?

Betting on sporting events is a popular pastime, but online sports betting has become a challenge due to the varying state laws and regulations in the U.S.A. With the introduction of sweepstakes gaming and sweepstakes sportsbooks, the hobby has become easier for bettors to participate in sports betting in a perfectly legal way in most states.

Sweepstakes betting begins with a Sweepstakes Brand, such as Rebet. Rebet is a sweepstakes model-type sportsbook that utilizes two types of currency: Rebet Coins and Rebet Cash. While Rebet Coins can be purchased with real money, they hold no monetary value. Meanwhile, Rebet Cash can only be earned and then exchanged for real prizes. Rebet (along with many other apps) offers sweepstakes casino bonuses that can be earned via purchases, online activity, or games played.

How To Get Started With Sweepstakes Betting

New users will receive a generous welcome bonus upon downloading and registering on the Rebet app with no code needed to redeem. Users can also earn a login bonus daily with each no-deposit bonus consisting of 100 Rebet Coins and 1 Rebet Cash simply by logging into their account for the day, giving them currency to play and bet with immediately. Bettors can use either Rebet Coins or Rebet Cash to place wagers on the app. While Rebet Coins hold no monetary value, any earned Rebet Cash can be redeemed for real rewards.

There are two kinds of bets that users can place on Rebet: outright wagers and parlays. Outright wagers involve the user betting on which side/team will win the entire game. These wagers are recommended for newcomers since they are easy to understand and involve fewer calculations.

Parlays are more complex and involve a bettor making two or more separate wagers and combining them into one cohesive bet. A bettor making a parlay would place multiple bets on a team across a certain number of games; this would then be combined into a single wager known as "accumulators" or "multis." These are reserved for more experienced bettors, as an entire parlay is lost if a single wager within it is lost. Parlay bets are known as "all or nothing" wagers, making them more exciting for users because of their high-risk high return rate.

Rebet is also a social app that allows users to connect by betting against the regular market as well as letting them bet against other users and their personalized markets.