Rebet Social Sportsbook Review

Overview

There are few social/sweepstakes sportsbooks in the United States that share the same features as real-money sportsbooks, but none of them cover the social media aspect of the experience. Rebet is the first of its kind that makes sports betting a social activity.

The social sports betting app was founded by four college students from Dartmouth who were 19 and 20 at the time. They worked on the idea at Dartmouth’s Tuck school of business before venturing out to get seed funding. Thanks to a fellow alumni they reached several angel investors who enabled Rebet’s founders to get down to business.

The outcome embodies the features of any of the best sports betting apps out there, plus the core social media features that you can find on Facebook like posting, adding friends, liking, messaging and more.

Bonuses & Promotions

In January of 2024 Rebet sportsbook opened up to new signups for early access. Presently, the app is available in 47 US states. Betting enthusiasts are welcome to sign up without a promo code and try out the app’s features in real time.

• Completing the signup provides a no-deposit bonus of 1.00 Rebet Cash, where one unit equals $1.00 upon redemption.
• The bonus is complemented by a First Purchase offer: 100% deposit match for up to 100 Rebet Cash.
• If you purchase $100 worth of coins, you will get 200 Rebet Cash.

Notably, Rebet has a low wagering requirement (rollover) of 1x. In other words, Rebet Cash winnings proceeding from your bonus funds need to be wagered only once to become available for redemption.

Unlike most real-money sportsbooks, Rebet doesn’t have a minimum odds requirement. All betting lines are good for the bonus funds and there is no maximum win cap!

The company’s Sweepstakes Rules page talks about social media giveaways and competitions, which gives us a hint that we can expect a diverse range of promotions outside the app. For now, sending a letter awards free Rebet Cash and the much easier daily login.

Features

Rebet doesn’t lack a single feature that you’d find on a real-money betting site. On the contrary, Rebet offers a commendable range of betting markets, competitive odds, rewards tiers, an amazing mobile app and more. When you add the social media element to the experience, it’s clear why Rebet is the go-to sports betting app for real money redemptions. Let’s check out the most striking features.

Sports

All of the games on Rebet are available for standard and promotional sweepstakes bets spread across more than 60 different sports. Sports include pro leagues like NFL, NBA, WNBA, MLB, NHL, MLS, NWSL and other major national sporting competitions. The same is valid about college sports with availability of all major NCAA men’s and women’s leagues. All of the score changes can be followed in real time.

Betting Markets

Rebet makes betting simple and complex as per the players’ preference, thanks to the available betting markets. Your betting slip can include moneyline, points spread, props, parlay, correct score, handicap bets and so on. For those with some experience in sports betting, some sports have distinct betting markets, i.e. red cards in soccer, all of which are available on Rebet.

Odds

One thing is sure about betting on Rebet: the odds you’ll find here are on par with real money betting platforms. This is due to the fact that Rebet sources all of its odds from a common international aggregator that powers state betting sites like DC Lottery or sites like FanDuel, DraftKings, BetMGM, Caesars and others.

Social Profile

When you register on Rebet you are automatically creating a social media profile on that platform, which you can keep public or private. With your profile you can post comments, add friends, scan the feed, Rebet bets, challenge friends in p2p betting and more.

Peer 2 Peer Bets

This is one of the elements that adds weight to the social aspect of the betting experience. With P2P bets you are basically betting against your friends instead of betting the house and enjoy setting your own odds or backing someone else’s odds. Rebet lets you start a P2P bet in a breeze. Players can select the sporting event, betting market, slide the scale to set the odds and enjoy the fun.

“Rebet” a Bet

Anyone not living under a rock knows how sharing a social media post works. The same principle is applied by Rebet, except you’ll be “rebetting” someone’s bet. You can browse your feed to see what your friends have been up to. See a bet that you like, press the Rebet button and you’ve got your wager ready to go in the blink of an eye.

Acquire Free Currency

Players who’ve signed up and validated their account can rely on two distinct currencies for their entertainment and for potential cash conversions: Rebet Coin and Rebet Cash.

The first currency is equivalent to Gold Coins and the latter matches the features of the Sweeps Coin found in sweepstakes casinos. Rebet Cash is the coveted coin that is redeemed 1:1 with the US dollar.

There are several ways to obtain cash-redeemable coins free of charge:

• Claim 1.00 Rebet Cash every 24 hours when your current balance is zero – except when you have a pending redemption.
• Get Rebet Cash for each #10 envelope including a 3″x5″ card with a written request sent to the company address.
• Participate in free giveaways via the Rebet.app social media profiles.
• The fastest and most direct way of obtaining bonus Rebet Cash is by getting it complementary as part of a coin (Rebet Coin) package purchase.

Banking & Redemptions

Rebet adheres to the No Purchase Required rule which is observed by other social and sweepstakes betting sites. The subscribers can engage in sports wagering without ever having to purchase currency.

On the other hand, additional Rebet coins are available in bundles if the player wants to increase their bankroll right away. The company offers online payment methods that are standard across all legal online casinos and sportsbooks:

• Debit cards
• Credit cards
• Online banking
• Gift cards

The minimum amount for redemption is $10.00. According to the Terms of Use page the company requires up to ten days to process redemption requests. In the experience of our sportsbook reviewers the processing time was shorter. Processing fees are non-existent with regard to deposits or redemptions.

If you request to withdraw a total of $10,000 or more Rebet will add up to seven additional days of processing time. For players in the states of Florida and New York there is a redemption limit of $5,000 per day.

Security and Trust

Rebet Incorporated is an official business entity registered and operated out of the state of Nevada. Since its official launch the Rebet.app has been featured in important news media outlets online.

We heard the amazing story of four Dartmouth college students joining their passions and talents in sports, coding and business to create the first sports betting platform that incorporates the best aspects of social media.

This is to say that Rebet is already an established name, trusted by relevant institutions. The company provides a comprehensive Terms of Use, Privacy Policy and Sweepstakes Rules pages on the website, which outline the rules and expectations for the betting platform and the players.

This is a summary of our findings:

• Rebet is a legal entity whose ownership and operating structure are public.
• The company provides both currencies free on a daily basis.
• Redemptions are honored for withdrawals after proving your identity and address.
• Responsible Social Gameplay Policy, including setting voluntary limits (time, wager, loss, self exclusion, etc.)
• Company provides contact details and a dispute resolution procedure.

We tested the website daily to make sure that we are getting free Rebet Coins and Rebet Cash on a regular basis. Over the course of a week, our conclusion is in the affirmative – you can play without needing to make coin purchases, which is in line with online sweepstakes rules.

Customer Support

The operator is ready to take on customers’ inquiries via email. To open up the email form you need to select the Contact Us button at the top of the page or in the app’s menu. Presently, Rebet doesn’t have other methods of communication, like live chat or through their social media messaging.

The FAQ page isn’t too impressive, as it provides answers to about a dozen questions covering the basics. This shouldn’t surprise anyone given the young age of the social sportsbook.

On the other hand, email is the standard way of getting in touch with most sweeps casinos and betting sites. To their credit, Rebet’s customer support agent responded to our email inquiry in less than 40 minutes.

User Interface and Design

Our experience with the Rebet app is overwhelmingly positive. We can conclude the app has been at least a couple of years in the making. The app has a professional touch to it and offers a full range of features that are typical for other sports betting apps. With one notable difference: social media features like adding friends, groups, chat, peer 2 peer bets, and more.

These are some of Rebet’s unique features that lift up the user experience to greater heights:

The Feed lets you post comments and share your current or future bets with your friends.  People in your friends list can hit “like” on your picks and comment. The feed also gives your people the option to re-bet any of your bets on the fly. Along with the right to diss or laud your betting acumen at the end of the game.

The Peer 2 Peer bets option is no-brainer really and kudos to the Dartmouth students for making this social feature so easy to use. If you are confident that your team is going to beat your friend’s team, you can both bet on the spread, moneyline, props, etc.

Many sports fans don’t understand the sportsbook lingo. This is no longer an issue because Rebet expands on the jargon (like over/under) in more than a few words. Toggling the Easy to Read option lets everyone understand the bets they are making without risking real money for those who aren’t too sure about their betting market pick.

The Rebet app for iOS tells you the amount that you can win by entering the amount you wish to bet. You can change these figures in real time and the potential win gets updated momentarily, which helps decide how much to throw down. On the Bet Slip interface Rebet displays your respective Rebet Coin and Rebet Cash bankroll which also update as you are deciding on your wager.

Where is Rebet Sportsbook Legal

Betting enthusiasts who are 18 years or older can register on the app if they reside in any US state except Idaho, Nevada and Michigan. Unfortunately for the residents of these states owning an account is not possible and bypassing state boundaries with VPN will void any potential winnings.

Account Signup and Registration Process

The Rebet app is available on the Apple App Store, meaning it is an official app that has been validated by Apple. First off, you need to download the app and open it. Then you need to follow these instructions in order to receive the Rebet Cash signup bonus.

Create your account by entering your personal information and address. Unlike other sweepstakes casinos and social sports betting sites, Rebet requires the last four of your social security number right at the start and verifying your phone number is also mandatory.

1. Enter your personal details (name, last name, date of birth)
2. Enter your email and phone number
3. Create a username and password
4. Enter the last four digits of your SSN
5. Verify your email and mobile number

Once you’ve claimed your 1.00 free Rebet Cash you can proceed to use your First Purchase bonus for up to 200 Rebet Cash.

Final Verdict

Rebet is one of the most exciting developments in the world of social and sweepstakes betting sites. Social media platforms have become notorious for the scourge of politics and divisive users, but we can’t see it happening here because sports unite all people. From that view, Rebet provides an ingenious betting model and fills in a missing piece from the current sports betting experience.

What’s more to like is the fact that virtually all sports are represented and there is no limit regarding the betting markets. The daily withdrawal cap is $10,000 which favors those who are really good in predicting outcomes or really lucky. To us, real-money betting sites have a reason to be concerned because Rebet launches a revolutionary platform that does everything right by gen z players.