Do you know you can foxwoods double xp codesenjoy free online betting for real money prizes? Yes, you heard right; you can place free sports bets and still get cash prizes — or gift cards. You do this by using a sweepstakes sportsbook.

These platforms operate under a unique model that makes them legally acceptable in most parts of the United States. More of them are being established, so you have a good number of such sportsbooks to choose from. Here, we’ll recommend the best of the bunch and give a detailed breakdown of how to enjoy sweepstakes sports betting and redeem prizes.

Find the Best Free Sports Betting Sites for 2025

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Table of Contents

• How Free Online Betting for Real Money Prizes Works
• Pros and Cons of Free Sports Online For Real Money Prizes
• How to Get Free Sweepstakes Coins You Can Redeem
• Best Sweepstakes Sportsbooks That Offer Real Money Prizes
• How to Get Real Money Prizes from Free Sports Betting
• How to Make The Redemption Process Easier
• What Else You Need to Know About Social Betting
• Conclusion
• Free Sports Betting for Real Money Prizes FAQ

How Free Online Betting for Real Money Prizes Works

Before explaining how to get real money prizes, let’s give you an overview of how sweepstakes sports betting works. Platforms offering such services are under the sweepstakes law, which states you don’t have to pay to play or participate. As such, they don’t support standard deposits and withdrawals.

What they do is provide you with two types of coins. The first are called Gold Coins, and they are the more common options on these platforms. They have no value and can only be used for sports predictions. While you don’t have to pay anything to get these coins, purchases are still on the table. You can buy GCs, but this is optional.

Sweepstakes Coins are the second virtual currency. They are more valuable than their Gold counterpart because you can redeem them for real prizes. So, Sweepstakes Coins are the options you focus on if you want a chance to get cash prizes or gift cards. You can’t purchase SCs, but you often get them as bonuses when you buy Gold Coins.

We must mention that operators might customize the names of their coins to suit their brands. Take Rebet, for instance. Gold Coins on this platform are called Rebet Coins, while Sweepstakes Coins are called Rebet Cash. This difference in the name of the virtual currencies doesn’t change how they function.

Pros and Cons of Free Sports Online For Real Money Prizes

Free online betting for real money prizes undoubtedly has its perks, but there are also drawbacks to note. Below are the pros and cons of this activity:

• Possible to redeem Sweepstakes Coins despite free betting
• Most sweepstakes sportsbooks have mobile apps
• Redemption processes are usually simple

• Playthrough requirements to meet before redemption
• KYC verification is compulsory

How to Get Free Sweepstakes Coins You Can Redeem

As we mentioned earlier, Sweepstakes Coins are what you need for redemption to be possible. So, you must gather as many of these virtual currencies as possible and meet other terms and conditions (we shall cover these conditions soon enough). Thankfully, most sweepstakes sportsbooks provide SCs through various mediums, including:

• Welcome bonuses:You can use oursocial sportsbook promo codesto claim generous bonus packages, some of which might contain a good number of SCs.
• Daily logins:More free coins are up for grabs every day you log into your account.
• Participating in tournaments:Many sweepstakes sportsbooks host tournaments regularly. Participate in these and win, and you’ll get a prize.
• Referring new bettors:Some platforms, like Sportzino, offer you free Gold and Sweepstakes Coins for referring players. You get the bonus when your referral makes their first purchase.
• Betting with SCs:When you place social sports bets with Sweepstakes Coins, you get more SCs when you win.
• Purchasing GCs:Purchases are optional on sweepstakes sportsbooks. But if you decide to buy Gold Coins, you might get Sweepstakes Coins as a bonus.

Best Sweepstakes Sportsbooks That Offer Real Money Prizes

If you’re wondering where you can enjoy free online betting for real money prizes, we have you covered. We’ve provided an overview of our favorite brands in the table below: