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Best Sportsbooks US / Real Prize Review / RealPrize Redemption Guide

RealPrize Redemption Guide: How to Cash Out Your Winnings Fast

Last Updated on 23/10/2024
Fact checked by: Collin

Although you are never going to experience a direct RealPrize payout, you will find that promotional play opens up the potential to later redeem prizes.

In this guide, we will highlight the difference between a RealPrize cashout and prize redemption, explaining why the latter is only possible at this up-and-coming sweepstakes casino. We also take a look at how GC and SC work before breaking down the latest prize redemption process.

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Real Prize Highlights
  • Extensive library of games
  • All games boast over 92% RTP
  • Redeemable Sweeps Coins

Does RealPrize payout real money?

Those of you who paid attention to our RealPrize review will be well aware that it is a sweepstakes casino. This means that you won’t directly be able to play or win real money here. Instead, the site makes use of two virtual tokens that will allow you to enjoy the full casino-style gaming experience for free.

The two virtual tokens used here allow you to switch between fun and promotional play. The latter requires you to use Sweeps Coins. Additional Sweeps Coins can then be won through gameplay and later redeemed for prizes after certain limits have been met. Currently, you can exchange redeemable Sweeps Coins for gift vouchers and cash prizes. You’ll just have to bear in mind that state-specific limits and a weekly RealPrize redemption limit of $1,000 are in place.

Operator: Pros & Cons
Operator: Pros & Cons
  • No purchase necessary
  • Exchange eligible SC for prizes
  • Chance to enjoy fun or promotional play
  • No direct cash winnings

How do virtual tokens work at RealPrize?

As touched upon, you’ll be able to enjoy fun and promotional play at RealPrize. To play for fun, you’ll want to make sure that you switch your virtual tokens over to GC. Any spins, wins, and jackpots will then be taken or added to your Gold Coin pot. Alternatively, you can play in promotional mode with Sweeps Coins. These coins cannot be redeemed directly, but any wins can be exchanged for prizes.

Although GC and SC share a few key similarities, this table focuses on helping you differentiate between them.

Gold CoinsSweeps Coins
Non-redeemable, transferable, or withdrawableCannot be purchased but can be won and unlocked through free-to-release promos
Can be won, unlocked through free-to-release promos, and purchasedSC won through gameplay must be played through before it is considered redeemable
Used to test out new titles and strategiesA minimum of 45 eligible SC required to exchange for gift vouchers and 100 SC for cash prizes
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Things to consider before redeeming prizes at RealPrize

It is, of course, important to take a few things into account before assuming that you can play games with SC and soon walk away with prizes. These top tips are well worth bearing in mind before getting started and loading up your favorite SC titles.

There are no guarantees

Firstly, we have to say that there are no guarantees that you will ever walk away with prizes here. RealPrize is a legitimate sweepstakes casino that makes use of a random number generator – a piece of software that completely randomizes all gaming outcomes. You can make use of as many sweeps casino promo codes as you like, but your experience will still remain in the hands of the RNG.

Games with a higher RTP are worth playing

Although there are no guarantees at Realprize, you will find that you can give yourself a mathematical edge by playing casino-style games with a higher RTP. As established, all outcomes are completely randomized, but the RTP relays the mathematical probability of landing a winning spin. Naturally, a higher RTP gives you a much better chance.

Make sure your details are updated

Any redeemed gift vouchers will be sent to the email address associated with your account and any cash prizes will be sent directly to the account holder. If your email address changes or you don’t have proof that you are the account holder, you’ll find that prize redemptions are delayed or even completely canceled.

Keep adding to your SC pot

Additionally, you’ll want to make sure that you give yourself as much playing time as possible. Fortunately, we’ve spotted plenty of RealPrize existing player bonuses, including a daily login, social media giveaways, and a refer-a-friend scheme. All of these promos can add SC to your virtual balance, allowing you to continue playing in promotional mode.

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How to redeem on RealPrize: A quick step-by-step guide

Before we let you register and release your first batch of RealPrize free SC, let us make sure that you have the ins and outs of how to complete your prize redemptions. This way, should the time come, you’ll be ready to strike without delay.

  1. Click on the links within this guide to take you over to RealPrize
  2. Create your new player account and verify your details
  3. Release the new customer offer and get familiar with the site using your Gold Coins
  4. Switch over to promotional play when you are confident
  5. Play through your bonus Sweeps Coins
  6. Win additional Sweeps Coins through promotional gameplay
  7. Reach the minimum prize redemption limits and click to ‘redeem’
  8. Share some basic personal information, including your date of birth and residential address
  9. Choose ‘gift vouchers’ or ‘cash prizes’ before entering the number of SC to redeem
  10. Submit your request and wait for your prizes to reach you

RealPrize redemption methods and waiting times

This sweeps casino lets you redeem gift card prizes via Prizeout or cash prizes via PayPal, bank transfer or a variety of credit or debit cards. Here are the waiting times that you'll face:

  • Prizeout gift card redemptions will typically be processed between one and three working days.
  • Cash prize redemptions via card, bank transfer or ewallet could take anywhere up to 30 days to be processed, although it should usually be much faster than this.

You can’t cash out at RealPrize, but you can look to redeem real prizes

Although you aren’t ever going to be able to complete a payout through RealPrize, you will be able to redeem eligible SC won through promotional play. Currently, you will have two options to choose between – gift vouchers and cash prizes – with different minimum limits attached.

For gift vouchers, you’ll need to play through 45 eligible SC before you can begin the process. For cash prizes, this is then upped to 100 eligible SC. Along the way, remember to keep increasing your promotional playing time by taking advantage of ongoing offers and keeping your eyes peeled for games with a slightly higher return to player percentage. RTP doesn’t promise any wins, but it does give you that mathematical edge.

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RealPrize Cash Out FAQ

❓ How long does RealPrize take to pay out winnings?

RealPrize doesn’t pay out winnings directly to you. Instead, you’ll be able to exchange redeemable SC won through gameplay for cash prizes or gift vouchers. We found that cash prizes can take up to ten days, but gift vouchers will be sent to you in a matter of minutes.

🤔 Can I receive winnings at RealPrize via instant bank transfer?

Yes. There are currently two key ways for you to redeem eligible prizes at RealPrize. The first is gift vouchers, which require a minimum of 45 eligible SCs to complete. When you have 100 eligible SC, however, you can look to redeem for cash prizes.

💰 Will any extra fees be incurred when making a RealPrize withdrawal?

No. You won’t find any additional fees attached to your RealPrize prize redemptions. Just bear in mind that you won’t be withdrawing your winnings directly here. Fortunately, it isn’t all too difficult to calculate as they have the redemption process work on a 1:1 basis.

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