Underdog offers fantasy contests, drafts, prediction markets and digital sports card packs. Depending on where you live and which products you can access, you may also qualify for different promotions.
Looking for an Underdog promo code? Your best option is to check the promotions available directly through Underdog. New users may qualify for welcome offers, while existing customers can get account-specific rewards. Just keep in mind each promotion comes with its own eligibility requirements, qualifying activities and conditions.
Below, we’ll cover how the platform’s promotions work, what to check before claiming a reward and how its different products compare.
Underdog Promo Code Details
| Feature | Details |
|---|---|
| Underdog Promo Code | Check Underdog directly for eligible promotions |
| Welcome Promotions | May be available to eligible new users |
| Existing User Promotions | Account-specific promotions and rewards may be available |
| Bonus Types | Bonus funds, bonus entries and other promotional rewards |
| Eligibility | Depends on the promotion, account status and location |
| Minimum Deposit | $10 for Underdog Fantasy |
| Promotional Requirements | Vary by promotion; qualifying entries, deposits or other conditions may apply |
| Where to Check | Underdog’s Promos tab and official promotional terms |
Promotions can have expiration dates, location restrictions and other conditions. An offer you’ve seen advertised before may no longer be available, so check the terms shown in your Underdog account.
How to Use an Underdog Promo Code
The steps depend on the promotion and whether you’re signing up for the first time or already have an account.
- Visit Underdog: Open the official website or app and check which products are available in your location.
- Create an account: Register and complete any required identity verification.
- Find available promotions: Check the registration process and Promos tab to see which offers you’re eligible for.
- Enter a promo code if required: Some offers require a code. If yours does, follow the instructions in the official terms.
- Check the requirements: Find out whether you need to deposit funds, submit an eligible entry or complete another qualifying action.
- Review your rewards: Once you’ve met the conditions, check your account for any bonus funds, entries or other rewards you’ve earned.
Pay special attention to when the promotion needs to be activated. Some require you to opt in before depositing or entering a contest, while others are added automatically to eligible accounts.
Also, confirm that the offer is showing in your account and review its conditions before depositing any money.
How Underdog Bonus Funds and Bonus Entries Work
Underdog offers different types of promotional rewards, and it’s important to understand the difference between bonus funds and Bonus Entries before you use either.
Bonus funds are promotional credits you can put toward eligible entries. They usually come with playthrough requirements that must be met before the funds become withdrawable. If you win an entry funded with bonus cash, the profit is paid as withdrawable cash, but the promotional amount used for the entry isn’t returned.
Bonus Entries work differently. They cover the cost of an eligible entry without adding withdrawable cash to your balance. You get the applicable profit if the entry wins, but you don’t get the promotional entry fee back.
Say you receive a $10 Bonus Entry. That doesn’t mean you have an extra $10 you can withdraw. Instead, you can use the reward toward an eligible entry, with any resulting payout subject to the promotion’s rules.
Bonus Entries may apply to Pick’em, Champions or Prediction Picks, depending on the offer. Don’t assume a reward you get for one product will automatically work on another.
Also, promotional credits can expire, and some rewards cannot be combined. You’ll find available rewards in Underdog’s Promos tab and, where applicable, during entry creation.
Underdog Game Types
Underdog offers fantasy contests, prediction markets and sports card ripping, but the products don’t all follow the same rules. Payouts, eligibility requirements and available formats vary, and your location determines what is showing in your lobby.
Underdog Predict
Underdog Predict lets eligible users trade event contracts on sporting outcomes, including game winners, player statistics, point margins and combined scores.
Prediction Picks are financial contracts traded on CFTC-regulated exchanges. Prices reflect market-implied probabilities, with correct contracts usually settling at $1 per share and incorrect ones at $0.
Say you buy a contract priced at $0.65, reflecting an implied probability of about 65%. If it settles at $1, you’d make $0.35 per share before applicable fees.
Depending on the product, Prediction Picks may involve different regulated entities and exchanges. Also, Underdog Predict also has its own regulatory arrangements and account protections, separate from Underdog Fantasy.
Underdog Drafts
Drafts have been part of Underdog’s fantasy lineup for years, with Best Ball and other contest formats available in eligible locations.
In Best Ball, you draft your team and leave the weekly lineup decisions to the contest’s scoring system. Once the draft is over, the rules determine which players count toward your lineup.
Other draft formats come with their own roster requirements, entry fees and scoring rules, all displayed before you enter.
Underdog Pick’em and Champions
Underdog Pick’em revolves around player projections. You choose whether a player will finish higher or lower than a given statistical line, with entry options and payouts determined by the contest format.
Classic Pick’em and Champions work differently. Champions puts you in competition with other entrants for a share of a prize pool, with results based on the contest’s scoring system and Champions Points.
Standard and Flex entries also have different payout rules. Standard requires every selection to hit, while eligible Flex entries can still pay with one incorrect pick, depending on the number of selections.
The displayed multiplier tells you the potential payout, so check it alongside the contest rules before submitting a multi-pick entry.
Underdog Rips
Underdog Rips lets you open digital mystery packs containing real sports trading cards. Each pack draws a random card from a disclosed lineup, with the physical card stored in a vault.
You can check the pack’s listed odds and potential card values before buying. After opening it, you can keep your card, request shipping or sell it back at Underdog’s stated fair market value.
Prices, available cards and odds can change, and a pack may contain a card worth less than what you paid.
Where Is Underdog Available?
Underdog’s availability depends on your physical location and the product you want to use. Pick’em, Champions, Drafts, Prediction Picks and Rips all have different state eligibility requirements.
For instance, some states allow fantasy contests but restrict Prediction Picks, while others permit Prediction Picks without offering traditional fantasy formats. Underdog checks your location when you participate, so your registered address or state of residence doesn’t determine what you can access.
You can check which products are available in your state on Underdog’s official state eligibility page.
Age requirements also vary. Underdog Fantasy generally requires users to be at least 18, although certain states and products have higher minimums. Prediction Picks have separate eligibility rules, including an 18+ minimum.
Underdog Deposit and Withdrawal Options
Underdog accepts credit and debit cards, Apple Pay, Trustly, PayPal and Venmo for fantasy deposits, with Google Pay also being rolled out for Android users. The minimum deposit for Underdog Fantasy is $10.
Withdrawals can be made through eligible Visa or Mastercard debit cards, PayPal, Venmo, Trustly online banking or Apple Pay linked to an eligible Visa debit card.
Keep in mind most of these methods require you to have deposited through the same option first. That applies to debit cards, PayPal, Venmo and Apple Pay, but not Trustly. Also, Underdog doesn’t charge withdrawal fees, and the minimum withdrawal is $10. If your remaining balance is less than that, you can withdraw whatever is left.
According to Underdog, withdrawal requests usually take 48 to 72 hours to process, though your bank may need another one to three business days, depending on the method. Weekends, holidays or additional account reviews can cause delays.
Bonus funds generally can’t be withdrawn directly until you’ve met any applicable playthrough requirements. Payment methods and account requirements may also differ between Underdog Fantasy and Prediction Picks.
Underdog App Review
Underdog puts fantasy contests, drafts, Games and Prediction Picks in one app, although the products don’t necessarily share the same balance. Prediction Picks through Underdog Predict, for example, can use a separate futures account from Underdog Fantasy, with transfers between accounts subject to the applicable terms.
For fantasy contests, the entry builder displays player lines and updates the potential payout as you add picks. You can compare projections in the same statistical category and see how each selection affects the entry.
Best Ball is another option if you enjoy drafting a team but don’t want to manage your lineup every week. There, the contest automatically determines which players count toward your score.
The main thing to get familiar with is how the different formats work. Pick’em, Champions, Drafts, Games and Prediction Picks each have their own rules, despite sharing the same app. And, depending on your selections and the available markets, some player picks may also be routed into fantasy entries, Prediction Picks or combination entries.
Check the entry slip before submitting to confirm which product you’re using, the payout structure and whether any promotional credit applies.
My Experience With Underdog
A $20 Apple Pay deposit was usable instantly, with no hold before I could enter a contest, though I’ve had this account for years, so I can’t speak to first-time verification timing.
On August 27 I built a four-pick Standard card for $5 at 10x, all MLB strikeout props: Gerrit Cole over 5.5, Jacob Misiorowski over 8.5, Chris Sale over 6.5, Yoshinobu Yamamoto over 6.5. Sale and Yamamoto cleared comfortably at 11 and 8. Cole finished on 5, Misiorowski on 6. Two from four, which on a Standard entry pays exactly the same as zero from four.
That’s worth understanding before you reach for Flex. A four-pick Flex pays on 3-of-4, not 2-of-4, and building all four legs from one volatile stat is the shape most likely to land you at two, the one place Flex offers nothing.
Withdrawals have been the most reliable part. A $25 request submitted at 7am on August 19 landed roughly 36 hours later, inside Underdog’s stated 48-to-72-hour window, with no verification hold or payment review.
Is Underdog Legit?
Underdog launched in 2020 and operates fantasy sports contests and prediction markets in the United States, subject to state and federal requirements.
Its fantasy contests follow applicable state rules, while Prediction Picks involve event contracts traded on exchanges regulated by the Commodity Futures Trading Commission (CFTC).
Underdog also owns Aristotle Exchange DCM, Inc. and Aristotle Exchange DCO, Inc., which operates as a CFTC-regulated designated contract market and derivatives clearing organization, respectively. Other Prediction Picks may be traded through Underdog Predict’s registered futures commission merchant on Kalshi or another CFTC-registered exchange.
These distinctions affect how customer accounts are maintained, what protections apply to their funds and which rules govern transactions.
Regulatory oversight doesn’t eliminate financial risk, either. Fantasy contestants can lose their entry fees, and event contracts can settle at zero. Each product also has its own eligibility requirements and disclosures, so review those before participating.
Underdog Promos for Existing Users
Already have an Underdog account? You may still qualify for promotions, although the rewards available to you won’t necessarily match those offered to another user.
Existing-user promotions can include discounted projections, boosted payouts, protected entries and bonus credits. You can check what’s currently available through the Promotions tab.
Each offer should specify its qualifying conditions, expiration date and how any rewards or promotional winnings are credited. Some rewards need to be selected when building an entry, while others are restricted to particular contest types. You also can’t necessarily combine multiple promotions on the same entry.
If you’re using bonus funds or a promotional token, check the potential payout before submitting. The reward you apply can affect how the entry pays out.
Finding Underdog Picks With PickLabs
PickLabs can help you narrow down Underdog player projections without having to work through every available line yourself.
It uses model-based projections to identify potential value across player props and Pick’em contests. You can filter by sport, compare lines side by side and evaluate multi-pick entries using estimated edges.
Of course, a projection is only as useful as the information behind it. Injuries, lineup changes, weather and late scratches can all affect player expectations and available lines. A selection that looked promising earlier in the day may carry a very different value by kickoff.
Check the latest line before submitting, and remember that projected edges are estimates rather than guaranteed profits. Model assumptions, contest payouts and entry rules all influence the potential value.
Responsible Gaming at Underdog
Underdog offers lots of responsible gaming tools through its app and website. You can set deposit limits, entry fee limits and entry count limits in the Responsible Gaming section of your account.
If you need to take a break, you can also activate a cool-off period or self-exclusion, with restrictions depending on the option you choose.
If you’re concerned about your gambling habits or those of someone you know, you can contact the National Problem Gambling Helpline at 1-800-GAMBLER.
Underdog Promo Code FAQs
What is the current Underdog promo code?
There isn’t an Underdog promo code available yet. Check Underdog’s website or app for promotions available to your account and location.
Can I enter an Underdog promo code after making a deposit?
Some offers require you to enter a code during registration or activate the promotion before depositing. Check the terms beforehand, as you may not be able to apply a code later.
Why can’t I see every Underdog game type?
Underdog’s available products depend on your physical location. Some states allow Classic Pick’em, Champions, Drafts, Games and Prediction Picks, while others restrict certain formats.
How long do Underdog withdrawals take?
Underdog usually processes withdrawals within 48 to 72 hours, although banking delays or extra account verification can take longer.
Can I use Underdog bonus funds on Prediction Picks?
It depends on the promotion. Some rewards work on eligible Prediction Picks, while others are limited to fantasy contests or specific entry types. Check your reward’s terms before using it.
Does Underdog offer promotions for existing users?
Yes. Existing users may qualify for account-specific promotions, including bonus entries, boosts and other rewards. The conditions and expiration dates vary by offer.
Do Underdog bonus funds expire?
Yes, promotional bonus funds and entries can have expiration dates. Check the terms of your specific reward to see how long you have to use it.
