Pros and Cons of Onyx Odds
Like any sweepstakes sportsbook, Onyx Odds comes with strengths and a few limitations to keep in mind.
Pros
- No real money play is involved
- Decent bonus structure
- Low Onyx Cash redemption threshold
Con
Gift card redemptions aren’t available
Are Onyx Odds Withdrawals Possible?
Onyx Odds only supports redemptions because the platform is a social sportsbook running under sweepstakes laws. This means that there are no real money games and transactions that you would usually find at regular sportsbooks.
Instead of real money, Onyx Odds allows you to make your sports predictions using virtual currencies called Onyx Coins and Onyx Cash, and each one serves a slightly different purpose. Onyx Coins are used to place sports selections for fun, but they can’t be redeemed.
Onyx Cash, however, is the promotional sweepstakes virtual currency and can also be used to place sports picks, and even lets you redeem winnings from your predictions for actual rewards like cash prizes. However, you must meet the requirements before beginning the Onyx Cash redemption process.
So, expect to see only an Onyx Cash redemption button instead, as that’s one of the ways social sportsbooks stay compliant.
How to Redeem Onyx Cash Winnings
Players often ask about Onyx Odds winnings. But you’ve seen that real money gaming doesn’t exist on a sweepstakes sportsbook. What you can do instead is redeem your Onyx Cash winnings for real-world prizes. Here’s exactly what the process looks like:
Verify Your Account
Before your first Onyx Odds redemption, you’ll need to complete the required identity verification process. This involves uploading a valid government-issued ID and proof of address. Verifications are normally wrapped up within 24 hours, and we’ll suggest you get it done early on to prevent delays when you’re ready for prize redemptions.
Meet the Playthrough Requirement
To be eligible for redemption, you must have at least 1x playthrough on your Onyx Cash. This means using it once to place sports selections before you can redeem your Onyx Cash winnings.
Reach the Minimum Onyx Cash Threshold
Onyx Odds requires at least 20 Onyx Cash in your virtual currency balance to activate the redemption option. You’ll be unable to submit a request if this threshold is not met.
Submit Your Redemption Request
If you’ve met the above criteria, you can click on your profile and the redeem option in your account. Enter the amount of Onyx Cash you’d like to redeem, confirm your entry, and submit your request. The only rewards right now are cash prizes, as gift card redemptions aren’t offered.
Onyx Odds Redemption Time
So, how long does it take to receive rewards? Onyx Cash redemptions follow a structured process. After submitting an Onyx Cash redemption request, it’s typically reviewed and approved soon after. The exact time this takes varies. Not having a verified account can add a little extra time while your verification documents are checked.
That’s why we suggest verifying your account right after signing up. Cash prizes are sent via ACH transfer, which usually takes 2–5 business days, depending on your bank. Most players have mentioned receiving their rewards within 5–7 business days from the time of request. But we’ve had ours come through within 5 days.
How to Gather Onyx Cash for Redemptions
Since Onyx Cash winnings are redeemable, you’ll want to know how to get more of them. You can never purchase Onyx Cash directly, but you can collect it for free while enjoying your sports picks or through other promotions. Here are the current Onyx Odds bonus offers that can help build up your virtual currency balance.
| Type of bonus | What you get |
|---|---|
| Welcome bonus | 1,000 free Onyx Coins at signup and 100 Onyx Cash with first optional Onyx Coin purchase |
| Daily login bonus | 20,000 Onyx Coins and 1 Onyx Cash |
| Referral bonus | Free Onyx Cash when your friend makes an optional Onyx Coins purchase |
| Mail-in requests | 5 Onyx Cash per approved request |
| Social media promotions | A varying number of Onyx Cash |
Welcome Bonus
If you’re new, you’ll be welcomed with a 1,000 Onyx Coins signup bonus. It’s a little disappointing that no Onyx Cash is added to the welcome bonus. Although certain Onyx Coin bundles come with free Onyx Cash.
Daily Login
Most sweepstakes platforms reward you for consistently checking in every 24 hours. The Onyx Odds login bonus is currently 20,000 Onyx Coins and 1 Onyx Cash. It’s a good thing Onyx Cash is added here, and with predictions starting as low as 1 Onyx Coin, you have enough to enter contests and maybe even rack up some wins along the way.
Referral Rewards
There’s a referral system in place that rewards you with free Onyx Cash when a friend signs up through your referral link, completes verification, and makes an optional Onyx Coin bundle purchase. There’s no cap on referrals, so you can invite as many friends as you want.
Mail-In Request
This is standard at all sweepstakes casinos. You can send a handwritten request to the Onyx Odds address to get more Onyx Cash. Each approved request gives you 5 Onyx Cash. It’s not the fastest process, but 5 Onyx Cash is worth the wait.
Seasonal Giveaways and Promos
These vary and aren’t always fixed, but you’ll often find special promos during major sports events like March Madness or playoff seasons. These can include social media giveaways or leaderboard races where players at the top ranks receive varying numbers of Onyx Cash rewards.
Other Factors to Consider when Redeeming Onyx Cash Winnings
There are a few factors to consider when it comes to Onyx Odds redemptions. Here are a few to be aware of.
Onyx Odds Redemption Caps
There are no strict Onyx Odds redemption caps mentioned by Onyx Odds right now. For now, it’s just about being verified, meeting the minimum threshold of 20 Onyx Cash, and ensuring you’ve played them through at least once before Onyx Cash redemptions. However, rules can change, so always read the terms and conditions to know what applies.
Additional KYC Verification
Onyx Cash redemptions with bigger amounts may require additional verification checks. This may mean resubmitting your ID card, proof of address, or confirming that the linked bank details are actually yours. There’s no need to worry if you experience such; it’s just a standard safety procedure to ensure Onyx Cash redemptions are compliant.
Is Onyx Odds Available in Your State?
Perhaps the most important factor is whether you can create an account to start with. Onyx Odds is licensed to operate under sweepstakes laws and is available in 38 US states, so 12 states are currently excluded. If you’re in any of these states, you won’t be able to sign up or redeem prizes.
The currently excluded states are Alabama, Colorado, Idaho, Louisiana, Maryland, New Jersey, New York, Michigan, Montana, Nevada, Tennessee, West Virginia, and Washington. You can check out sites like Onyx Odds that may be available where you live.
Redeem Your Onyx Cash Winnings Today
As a sweepstakes sportsbook, Onyx Odds never uses real money gaming. Instead, the platform gives you Onyx Coins for fun predictions, and Onyx Cash can be redeemed when the requirements are cleared. Remember that you don’t have to spend a cent, not unless you want to, but you’ll have access to several bonuses that can help build your Onyx Cash balance.
So if you’ve gathered up to the minimum threshold and are wondering how to go about the redemption process, I hope you’ve found all the info here useful. Now it’s time to put them into practice by clicking on the links on the banners of this page.
