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    Underdog Logo
    ★★★★★ 4.6/5

    Underdog Promo Code COVERS: Play $10, Get $50 in November 2026

    Sign up bonus
    Play $10, Get $50 in Bonus Entries
    Use Underdog promo code COVERS to get $50 when you make a $10 qualifying play.
    Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
    USA logo Legal In USA checkmark icon Verified on Nov. 12, 2026 hand tap icon Last used 44 mins ago clock icon 2 min avg claim time
    COVERS Copy Copied! Click to copy icon Click to copy Tap to copy
    Claim $50 Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
    USA logo Legal In USA checkmark icon Verified on Nov. 12, 2026 handtap icon Last used 44 mins ago clock icon 2 min avg claim time

    Covers + Underdog Partnership: This verified offer automatically applies when you sign up through our exclusive link.

    Christian Stringer - Covers
    Written by: Christian Stringer, Prediction Markets Editor Fact checked by: Brandon DuBreuil, Head of Covers
    Last Updated Nov 12, 2026, 3:11 PM ET
    Fact Checked
    Brandon DuBreuil has ensured that facts presented were obtained from reliable sources and are accurate.

    Eligible new users can claim the 'Play $10, Get $50 in Bonus Entries' welcome offer with Underdog promo code COVERS. Sign up through the Covers link, confirm the correct promotion during registration, deposit at least $10, and complete a qualifying $10 fantasy entry. The $50 is distributed as five $10 bonus entries, issued one per day over five days rather than as a single upfront credit.

    Below, I explain how to claim and use the daily entries, which fantasy activities qualify, and how this promotion compares with Underdog's alternative deposit match. The featured bonus entries cannot be used for standalone Prediction Picks.

    21+ and present in OH. Gambling problem? Call 1-800-MY-RESET.
      Underdog

      Play $10, Get $50 in Bonus Entries

      Claim $50
      Table of contents
      • Best Underdog promo code
      • How to claim
      • Terms and conditions
      • What markets can I trade on Underdog?
      • Where are Underdog Prediction Picks available?
      • Underdog Predict review
      • Underdog vs. other prediction market apps
      • Underdog promo code FAQ

      What is the latest Underdog promo code in November 2026?

      Operator Underdog promo code Welcome bonus Key terms Eligibility Available states Last verified

      Underdog

      COVERS

      Play $10, Get $50 in Bonus Entries

      $10 minimum deposit; $10 qualifying fantasy play; five $10 bonus entries issued over five days.

      Promotional rewards require 1x turnover within 14 days of issuance. The published 2x minimum payout multiplier applies to Bonus Funds; check the conditions displayed for individual Bonus Entries.

      Eligible new users only

      Eligible U.S. locations offering Underdog Fantasy Pick'em; additional promotional and state restrictions apply. Prediction Picks availability is separate.

      Nov. 12, 2026

      My Underdog offer experience

      When I tested Underdog's earlier 50% deposit match, I deposited $100 and received $50 in bonus funds. The catch was the playthrough requirement: I needed $150 in qualifying entry volume within 14 days. That experience taught me to look beyond the headline bonus amount when comparing offers.

      The current COVERS offer requires a $10 qualifying fantasy play and distributes five $10 bonus entries over five days. I prefer the lower upfront commitment, although the daily schedule means tracking each reward rather than having the full $50 available immediately.

      Illustrative Underdog signup form showing the promo code field

      Best Underdog promo code: Play $10, Get $50

      4.6
      SIGN UP BONUS
      Play $10, Get $50 in Bonus Entries
      Ends: Dec. 31, 2026
      Click to copy!
      Tap to copy!
      COVERS
      Claim $50
      Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).

      For eligible new users, the best Underdog promo code is COVERS, which unlocks the 'Play $10, Get $50 in Bonus Entries' welcome offer after a qualifying $10 fantasy play. The $50 arrives as five daily $10 bonus entries rather than withdrawable cash. Those entries are intended for eligible fantasy activity, not standalone Prediction Picks.

      I prefer this offer for newcomers who want a smaller starting commitment. The trade-off is receiving five separate rewards rather than one balance, so each entry needs to be tracked and used according to its conditions.

      Underdog promo code COVERS welcome offer

      How are the five $10 bonus entries issued?

      Underdog distributes one $10 bonus entry per day for five days. You only need to complete the initial qualifying $10 fantasy play to activate the offer, not another $10 play each day. Confirm that Play $10, Get $50 is the selected welcome promotion during registration.

      Completing the qualifying play and having a bonus entry available are separate stages. Check each reward's availability, eligible uses, and expiration as it arrives rather than assuming the full $50 is immediately accessible.

      Where do I find my Underdog bonus entries?

      Open the Underdog mobile app and look for the Promos section. Available bonus entries can be selected there and may also appear while building an eligible fantasy entry. Underdog's help guidance specifies that these rewards are redeemed through the mobile app rather than a web browser.

      Before submitting, confirm the bonus is selected and review the final payout and eligibility conditions. Unlike a cash-funded entry, a bonus entry does not return its promotional stake with a winning payout. An available reward may also have product or minimum-payout restrictions.


      How much is the Underdog deposit match worth?

      Underdog's alternative welcome offer provides a 50% first-deposit match up to $1,000 for eligible users. A $2,000 qualifying deposit would earn the maximum $1,000 match, but clearing the bonus requires qualifying play based on the deposit and promotional funds combined.

      First deposit 50% bonus Deposit plus bonus Required 1x playthrough
      $10 $5 $15 $15
      $50 $25 $75 $75
      $100 $50 $150 $150
      $500 $250 $750 $750
      $1,000 $500 $1,500 $1,500
      $2,000 $1,000 $3,000 $3,000

      The $100 row reflects my earlier deposit-match test. I received $50 in bonus funds but needed $150 in qualifying entry volume within 14 days to satisfy the playthrough requirement. The table shows why a larger match isn't automatically better: maximizing the bonus also means committing to substantially more qualifying play.

      These calculations illustrate the 50% match and 1x playthrough structure. Actual promotional eligibility, limits, and deadlines depend on the selected deposit-match terms.

      My verdict on the Underdog welcome offer

      After testing Underdog's earlier deposit match, I'd choose the current Play $10, Get $50 promotion for most casual fantasy users. It requires a smaller qualifying commitment, although the five daily entries aren't withdrawable cash and don't return their promotional stakes with winning payouts.

      The deposit match makes more sense for someone already planning a larger qualifying deposit who can realistically complete the required playthrough. The offers cannot be combined, so I'd compare their conditions before choosing either. Anyone reviewing the top prediction market promos should also remember that Underdog's featured fantasy bonus entries cannot fund standalone Prediction Picks.

      Claim Underdog bonus

      How to claim the Underdog promo code COVERS

      I've completed Underdog's registration, identity verification, and funding process firsthand while testing an earlier 50% deposit match. The current Play $10, Get $50 in Bonus Entries promotion follows a similar setup, but the qualifying entry and reward schedule are different. Here's what I'd check at each step.

      Underdog account setup and promotional entry walkthrough

      1

      Create an Underdog account

      Start through the Covers Underdog link and register as an eligible new customer. I found the account setup straightforward during my earlier testing, but I'd pay particular attention to which welcome offer is attached before depositing.

      2

      Confirm Underdog promo code COVERS

      Check that COVERS and the Play $10, Get $50 in Bonus Entries promotion are associated with your registration. If the signup form asks for a promo code, enter it; if the code is prefilled, verify it. If Underdog presents a Choose Your Offer screen, select Play $10, Get $50 rather than the separate 50% deposit match. Underdog's rules state that this choice is final, so don't assume the offers are interchangeable.

      3

      Verify your account and make a deposit

      Complete the required identity checks and deposit at least $10. Funding the account alone doesn't unlock the five bonus entries. You must also complete the qualifying fantasy play associated with your selected promotion.

      4

      Complete the qualifying $10 fantasy play

      Submit an eligible fantasy Pick'em entry of at least $10 using deposited funds. Standalone Prediction Picks and Underdog Draft contests don't satisfy this promotion's qualifying-entry requirement. Check the product and entry type before submitting, particularly if the app presents a mixed Combo entry.

      The qualifying entry doesn't need to win to trigger the promotion. Underdog's general Play and Get rules describe crediting after the entry's cancellation window closes, rather than requiring the sporting event to settle first.

      5

      Follow the daily bonus schedule

      Check the Promos section of the Underdog mobile app after completing your qualifying play. The featured offer distributes five $10 bonus entries, one per day over five days. Confirm the exact availability of each installment in your account rather than assuming the full $50 appears immediately.

      6

      Apply each entry before its deadline

      Select an available $10 bonus entry for an eligible fantasy play and review the payout before submitting. Unlike a cash-funded entry, a winning bonus entry doesn't return the promotional stake, so the winnings can be lower than those from an equivalent cash entry.

      Check each reward's displayed expiration and usage restrictions. Underdog's general promotion rules include a 14-day turnover requirement, but that doesn't establish the exact individual expiration displayed for every daily bonus entry.

      My takeaway: My earlier Underdog testing taught me to look beyond the headline bonus and understand the conditions attached to it. With the current offer, I'd prioritize confirming the correct promotion, making an eligible fantasy entry, and tracking each daily reward over rushing through registration.

      Claim Underdog bonus

      Can you claim the Underdog promo code in your state?

      Underdog promo code COVERS is intended for eligible new users who can access Underdog Fantasy Pick'em and qualify for the Play $10, Get $50 in Bonus Entries welcome offer. Eligibility depends on your physical location and the promotion presented during registration. Access to Underdog Prediction Picks does not automatically mean the fantasy welcome offer is available.

      Product availability States and locations What it means for the welcome offer
      Fantasy Pick'em available Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, and Washington, D.C. Eligible new users may qualify for the featured fantasy promotion if it is offered during registration. Additional restrictions apply.
      Prediction Picks available, but Fantasy Pick'em unavailable Connecticut, Hawaii, Idaho, Iowa, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Montana, New Jersey, Ohio, Pennsylvania, and Washington. The featured fantasy offer cannot be claimed through standalone Prediction Picks. Any available prediction-market welcome promotion is separate and has its own eligibility requirements.
      Neither Fantasy Pick'em nor Prediction Picks available Michigan, Nevada, and New York. The featured fantasy welcome offer is unavailable. Other Underdog products may have different state restrictions.

      Age and eligibility: Underdog's general promotional rules require users to be at least 18, with higher minimum ages in Alabama and Nebraska (19+), certain Colorado games (19+), and Arizona, Massachusetts, and Virginia (21+). These age requirements do not override product restrictions. Identity verification and additional promotional conditions also apply.

      Check Underdog's official state eligibility guide for the latest product availability. Before depositing, confirm that Play $10, Get $50 in Bonus Entries is offered for your account and location. Alternative welcome promotions are separate and cannot be combined with the featured offer.

      Underdog Play $10, Get $50 terms and conditions

      My earlier test of Underdog's 50% deposit match showed me that receiving a bonus and clearing its conditions are two different things. The current COVERS promotion uses five separate bonus entries instead of a deposit match. These are the terms I'd check before claiming it.

      Covers hit icon Eligibility: The welcome offer is for eligible new users who meet the applicable age, location, and account requirements. Fantasy promotion eligibility is separate from Prediction Picks availability.

      Covers hit icon Promo code: Confirm that COVERS and the Play $10, Get $50 in Bonus Entries offer are attached during registration. Enter the code if prompted, and verify the selected welcome offer before continuing. Underdog's offer selection is final.

      Covers hit icon Qualifying play: Complete at least $10 in eligible fantasy play. Registration and depositing alone do not unlock the reward. Draft contests and standalone Prediction Picks do not qualify.

      Covers hit icon Bonus amount: The advertised $50 is awarded as five separate $10 bonus entries, not as one unrestricted balance.

      Covers hit icon Distribution: One $10 bonus entry is issued per day for five days. Only the initial qualifying play is required; you do not need to make another $10 qualifying entry each day.

      Covers hit icon Bonus format: Bonus entries are promotional entry credits, not withdrawable cash. A winning bonus-funded entry pays the winnings without returning the promotional stake.

      Covers hit icon Eligible products: The promotion applies to qualifying fantasy contests, not standalone Prediction Picks. Mixed Combo entries have separate rules. The published 2x minimum payout multiplier applies to Bonus Funds; check the restrictions displayed for individual Bonus Entries.

      Covers hit icon Playthrough: Underdog's Play and Get rules require 1x turnover of the promotional reward within 14 days of issuance. Promotional value that does not satisfy the requirement can be forfeited.

      Covers hit icon Expiration and usage: Check each bonus entry's displayed deadline in the app. The five-day issuance schedule does not establish how long each individual reward remains available.

      For the complete promotion conditions, review Underdog's official Play and Get rules. The specific offer presented during registration determines the advertised reward and qualifying requirements.


      Does a bonus entry return its original stake?

      No. Underdog's bonus entries use a no-stakeback structure. When an eligible entry wins, the promotional stake is not returned, so the payout differs from an equivalent cash-funded entry.

      For example, a $10 cash entry with a standard 3x return would pay $30, including the original $10 stake. A $10 bonus entry at the same multiplier would pay $20 in winnings because the promotional stake is excluded.

      Illustrative example at 3x Winning payout Stake returned?
      One $10 cash-funded entry $30 Yes, $10 included
      One $10 bonus entry $20 No
      Five $10 bonus entries, all winning $100 total No

      The five-entry calculation is hypothetical, assuming every entry wins at the same 3x multiplier. Actual payouts depend on the selections, and losing entries return nothing. The advertised $50 represents promotional entry value, not $50 in guaranteed winnings.

      My approach would be to check the final entry slip after applying the bonus rather than treat a promotional entry as interchangeable with cash. The displayed payout is what matters when evaluating whether to use the reward.

      How long do I have to use the bonus entries?

      The offer distributes one $10 bonus entry daily over five days, but each reward may have its own expiration. Underdog's Play and Get rules specify 1x turnover within 14 days of bonus issuance, with forfeiture possible if the requirement is not met. That general turnover period should not be mistaken for a confirmed expiration date on every daily entry.

      I'd check the Promos section as each entry arrives, confirm its displayed deadline, and review the eligible contests and payout conditions before using it. The exact individual expiration schedule for the current COVERS offer still needs to be confirmed through the app.


      Mobile phone icon Underdog promotional terms and responsible gaming  

      Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).

      Claim Underdog bonus

      Does the Underdog promo code work on Prediction Picks?

      No, not on standalone Prediction Picks. The Underdog promo code COVERS unlocks the featured 'Play $10, Get $50 in Bonus Entries' promotion, but its bonus entries apply only to eligible fantasy contests. There is an important exception: qualifying Combo entries can include both fantasy selections and Prediction Picks, subject to the promotion's specific rules.

      This distinction matters because Underdog brings multiple sports products into one app. I can evaluate an NFL game winner, a point spread, or a player's passing-yard total, but those selections don't necessarily follow the same entry, payout, or promotional rules. After testing Underdog's welcome-offer process, my biggest takeaway is that the bonus should influence how I evaluate an eligible entry, not push me toward a product I wasn't planning to use.

      If my goal is to trade an individual event contract, I wouldn't count on the five $10 promotional entries to fund it. If I'm already interested in fantasy Pick'em or a qualifying Combo, the bonus becomes more relevant.

      Covers Expert Analysis
      "Prediction Picks are still regulated event contracts with their own eligibility, trading, settlement, and withdrawal rules."

      Christian Stringer, Prediction Markets Editor

      Which Underdog entries qualify for bonus entries?

      Here's how I distinguish the main entry types when deciding whether the Play $10, Get $50 promotion is useful to me:

      Underdog entry type Can I use this welcome bonus? What matters
      Fantasy Pick'em Yes, on eligible entries The bonus can cover qualifying fantasy entry fees, subject to payout multipliers and promotional restrictions.
      Standalone Prediction Picks No These are regulated event contracts. The Play and Get bonus isn't an unrestricted balance for buying individual contracts.
      Prediction Combos Potentially, if eligible A Combo must contain at least one Prediction Pick and two fantasy picks from different teams. The bonus and each portion of the Combo follow their respective rules.

      The practical lesson is that sharing the same app doesn't make the products interchangeable. I'd rather confirm that my intended entry qualifies than discover after building it that the promotional reward can't be applied.


      What about Underdog Combo entries?

      Combo entries let me combine an event-contract prediction with fantasy selections in one entry. Underdog requires at least one Prediction Pick and two fantasy picks involving players from different teams. For example, I could combine a Prediction Pick on an NFL game winner with two qualifying player-stat fantasy selections from different teams.

      I like the flexibility, particularly when I have opinions about both the game's outcome and individual player performances. However, the risk is more complicated than placing those selections separately. To earn the full potential Combo payout, the Prediction Pick and all fantasy picks need to be correct. If the prediction succeeds but a fantasy selection loses, the Combo pays nothing. If the prediction loses while all fantasy selections win, a smaller fantasy-based payout may still apply under Underdog's Combo rules.

      That's the trade-off I'd focus on before using a $10 promotional entry. Adding a Prediction Pick doesn't simply increase the potential reward; it also changes how the entire entry is evaluated. A bonus-eligible Combo still needs to be a selection I'd be comfortable making without the promotion.


      How do I know which type of entry I'm making?

      I look at the completed entry slip and the individual selections rather than relying on the sport or player involved. In states offering both fantasy and prediction products, Underdog can automatically determine the entry type based on the picks selected and the markets available. A single player projection may be routed as a Prediction Pick, while a different combination can qualify as a fantasy entry.

      One detail I find especially useful is that a slip marked Predictions indicates that it includes at least one Prediction Pick, but that label alone doesn't mean the entire entry is a standalone prediction. I still need to distinguish a pure prediction entry from a Combo containing fantasy selections.

      For example, an NFL quarterback's passing-yard projection and a game-winner contract may both look like straightforward football predictions, but one can be a fantasy selection while the other is an exchange-traded event contract. The distinction affects the payout, available features, and whether this particular welcome bonus applies.

      My recommendation: Before submitting, I would check three things: the entry type shown on the slip, whether the $10 bonus entry is available to apply, and the final displayed payout. If the bonus isn't available, I wouldn't assume it's an app error or deposit more money to force the entry through. I'd first confirm whether I've built a standalone Prediction Pick, a fantasy entry, or an eligible Combo.

      Underdog welcome offer vs. deposit match

      Underdog's featured Play $10, Get $50 in Bonus Entries promotion and its alternative first-deposit match are separate welcome offers. The featured promotion provides $50 in bonus entries after qualifying fantasy play, while the deposit match scales with an eligible first deposit. The better choice depends on the qualifying requirements, reward format, and amount of play you're already planning.

      Offer detail Play $10, Get $50 in Bonus Entries Alternative deposit match
      Bonus value $50 in promotional entries Percentage of the qualifying first deposit, subject to the available offer's cap
      Qualifying action At least $10 in eligible fantasy play Qualifying first deposit
      Distribution Separate bonus entries issued daily Promotional credit issued under the deposit-match terms
      Playthrough and usage Eligible fantasy entries, subject to promotional restrictions Required playthrough of the deposit and bonus combined
      Best suited to New users who prefer a smaller starting commitment Users already planning a larger eligible deposit

      How does the Underdog deposit match work?

      The deposit match is calculated as a percentage of an eligible first deposit, up to the maximum displayed for the selected promotion. A larger deposit can increase the bonus, but it also increases the amount of qualifying play required. The calculation table earlier on this page illustrates how that relationship works.

      Under Underdog's official deposit-match terms, promotional funds are credited after the qualifying deposit resolves and must satisfy the applicable turnover requirements. The match amount, eligibility, and promotional deadline should be checked against the offer presented during registration.

      Which Underdog welcome offer would I choose?

      I'd lean toward the featured fantasy welcome offer when I want a smaller starting commitment and am comfortable using bonus entries as they're issued. The deposit match makes more sense when I've already planned a larger deposit and can realistically complete the associated playthrough. My earlier testing reinforced why I wouldn't increase a deposit simply to chase a bigger headline bonus.

      Can I claim both welcome offers?

      No. When Underdog presents a Choose Your Offer screen, eligible new users must select one available welcome promotion. The selection is final, and choosing the deposit match does not also qualify the account for the other welcome offers displayed. I'd compare the terms before confirming either option.

      Best Underdog promos for existing users in November 2026

      Underdog's featured COVERS welcome promotion is for eligible new users, but existing customers may qualify for referral rewards, multiplier boosts, Challenges, Wildcard offers, and other account-specific promotions. Availability varies by location, product, and account eligibility.

      Underdog promotion Who can qualify What to know
      Refer-a-friend Eligible existing users Bonus cash when a referred friend meets the signup, deposit, and qualifying-entry requirements.
      Multiplier boosts Eligible Pick'em users Increase eligible entry payouts; winnings above the standard multiplier are paid as bonus cash requiring 1x playthrough.
      Underdog Challenges Users offered eligible Challenges Complete specified milestones before their deadline to earn promotional rewards.
      Wildcard: Pick Your Promo Users offered Wildcard Compare three available promotions and select one. The choice is final.
      Underdog Rips referral Eligible Rips users and referred friends Referral rewards may include a promotional Rips pack for the new customer. Pack value is not guaranteed.

      Last checked: Nov. 12, 2026. These are promotion types, not guaranteed offers for every account. Check the individual reward's eligibility, restrictions, and expiration before participating.


      How do I find Underdog promos for existing users?

      I check the Underdog app's Promos section for available rewards and Challenges, along with any boosts displayed while building an eligible entry. Referral information appears under Invite Friends in the account area. Not every promotion is available to every customer.

      Underdog fantasy app showing an entry boost and promotional options

      Which Underdog promotion is best for returning users?

      I prefer a multiplier boost on an entry I already planned to make, provided I understand the payout split. Underdog pays the additional winnings above the standard multiplier as bonus cash, which requires playthrough before withdrawal. Challenges can also be useful when their milestones fit my normal activity, but I wouldn't make extra entries simply to complete one.

      Before applying any promotion, I review its conditions and the final entry slip. Cashing out an entry with an attached promotion forfeits that reward rather than returning it for reuse, another reason to consider the conditions before submitting.

      Can I use promo code COVERS as an existing Underdog customer?

      No. The featured Play $10, Get $50 in Bonus Entries welcome offer is intended for eligible new users. Existing customers should check their own available promotions instead. Referral rewards are also separate: if a new customer signs up using a different promotional code, the referring user's reward may be invalidated. The two should not be assumed to stack.

      Covers verdict on Underdog

      Best for: Fantasy Pick'em newcomers who also follow sports prediction markets

      Underdog makes fantasy entries and sports prediction markets accessible through one familiar app, but the products aren't interchangeable. The welcome offer associated with COVERS applies to eligible fantasy activity, not standalone Prediction Picks. Anyone joining primarily to trade event contracts should evaluate that product on its own pricing, fees, and rules rather than the fantasy bonus.

      My earlier deposit-match test showed me why qualifying requirements matter more than the headline reward. I also contacted Underdog support to clarify which entries qualified for the welcome promotion. After an automated handoff, I reached a courteous human representative, but my question remained unresolved during the documented conversation. That reinforced the importance of confirming promotional eligibility before submitting an entry.

      My verdict: The featured Play $10, Get $50 in Bonus Entries promotion is worth considering for eligible fantasy players who prefer a smaller starting commitment. I like Underdog's sports-first experience, but the five daily rewards, product restrictions, and payout conditions deserve more attention than the advertised bonus value alone.

      Keep Your Million promotion

      Keep Your Million is a separate Underdog promotional game, not the featured COVERS welcome offer. Eligible participants start with a virtual $1 million in Milly Bucks and work through 20 Higher or Lower questions covering player statistics and, where available, game outcomes.

      How Keep Your Million works

      Players divide their remaining virtual balance between the two possible outcomes of each question. Only the amount allocated to the winning outcome carries forward. The process continues through 20 questions, which must be completed within 60 days. If the balance reaches zero, the game ends without a payout.

      Important: Milly Bucks are not withdrawable cash. Underdog's current Keep Your Million guidance says any amount remaining after completing all 20 questions is paid in cash. Check the promotion displayed in your account for eligibility, deposit requirements, and the applicable reward terms before participating. Availability is not guaranteed for every user.

      Underdog Rips promo

      Underdog Rips is a separate sports-card experience where users open digital packs to reveal their cards. Eligible new customers may see a Rips welcome promotion alongside Underdog's fantasy and deposit-match offers. Because users must select one welcome promotion, the Rips offer should not be treated as an additional reward on top of the featured COVERS fantasy promotion.

      If I'm joining primarily for sports cards rather than fantasy Pick'em, I'd compare the Rips offer's qualifying requirements, available packs, and potential value before choosing. Any advertised "up to" amount is not a guaranteed return. For more information about Underdog Rips and competing platforms, see our guide to the best card rip apps.

      What is Underdog Predict?

      Underdog Predict is the event-contract side of Underdog, separate from its fantasy Pick'em product. Instead of building a fantasy entry, users can buy contracts tied to outcomes such as an NFL game winner, an NBA point spread, or a game's total points. Contract prices range from $0 to $1 and reflect market-implied probabilities before fees. Under standard settlement rules, a correct contract pays $1 and an incorrect contract pays $0.

      Prediction Picks are offered through regulated exchanges, and fees, availability, and settlement rules can differ by provider. The featured fantasy welcome offer, associated with promo code COVERS, does not apply to standalone Prediction Picks. Anyone joining primarily to trade event contracts should check the applicable product restrictions and trading costs rather than assuming the fantasy bonus can fund those positions.

      How Underdog Prediction Picks work

      Underdog Prediction Picks let users buy event contracts based on sports outcomes. Before entering a position, I would review the contract price, number of contracts, fees, and potential settlement payout. Under standard rules, winning contracts pay $1 each and losing contracts pay $0, although certain events can trigger different settlement outcomes.

      Contract prices and payouts

      A contract priced at $0.70 implies roughly a 70% market probability before fees. In an example published by Underdog, five contracts at $0.70 cost $3.50, plus $0.10 in illustrative exchange fees. That's $3.60 at risk for a potential $5 settlement, or $1.40 in net profit if the prediction wins. The full $3.60 would be lost if it loses. Actual fees vary by provider and market.

      My takeaway: I wouldn't buy a contract simply because I expect its outcome to happen. The price, including fees, needs to offer enough potential return to justify the risk. A likely outcome can still represent poor value when its contract price is too high.

      Cash out and liquidity

      Underdog's Cash Out feature can let users close a Prediction Pick before settlement by selling contracts at the available market price. That price may be higher or lower than the original purchase price, and exit fees may apply. Cash Out isn't guaranteed: insufficient liquidity, suspended trading, or location restrictions can prevent a sale.

      Underdog Prediction Picks showing a Philadelphia Eagles entry confirmation and cash-out screen

      Eligible single Prediction Picks may also support Auto Cash Out, which attempts to sell contracts if a selected target price becomes available. The order can fill partially or fail to execute if there aren't enough buyers. I would only enter a position if I were comfortable potentially holding it until settlement.

      Why I check the exchange before trading

      Underdog offers Prediction Picks through regulated exchanges including UDX, Kalshi, and Nadex. Each provider follows its own contract and settlement rules. A postponement, cancellation, tie, or player withdrawal can affect the payout differently depending on the exchange and market.

      Before trading, I'd check which exchange lists the contract, what determines a winning outcome, and how exceptional circumstances are handled. Underdog's settlement guidance explains why the official exchange rules matter more than the live score shown in the app.

      Covers Expert Analysis
      "UDX, Kalshi, and Nadex each settle their own markets under their respective rules, while Underdog simply reflects that official exchange result."

      Christian Stringer, Prediction Markets Editor

      Today’s Underdog Prediction Picks

      Underdog Prediction Picks offer sports event contracts, but these markets are separate from the eligible fantasy entries used to qualify for the featured welcome offer. Market availability, pricing, and liquidity vary.

      🏈 Underdog NFL prediction markets

      NFL Week 10 begins Thursday, November 12, with Commanders vs. Giants. Sunday's slate includes Patriots vs. Lions in Munich, Chiefs vs. Falcons, Bills vs. Jets, and Vikings vs. Packers. Underdog's available NFL Prediction Picks can include game winners, spreads, totals, player performances, and season-long futures. As the playoff race develops, I'm comparing contract prices, liquidity, trading costs, and settlement rules before entering a position.

      🏀 Underdog NBA prediction markets

      The NBA continues Thursday, November 12, with Pistons vs. Wizards, Raptors vs. 76ers, Mavericks vs. Timberwolves, and Hornets vs. Suns. Friday's Warriors vs. Spurs and Cavaliers vs. Heat matchups are also on my watchlist. Available NBA Prediction Picks can include game winners, spreads, totals, and player performances such as points, rebounds, assists, and three-pointers. I'm also monitoring championship and MVP futures where offered, checking how injuries, rotations, and player minutes influence prices.

      🏟️ Underdog college football markets

      College football's November 14 slate includes Michigan vs. Oregon, USC vs. Indiana, and Alabama vs. Vanderbilt as conference championship and College Football Playoff races develop. Available Prediction Picks can cover game winners, spreads, totals, player performances, and futures tied to conference titles, the Heisman Trophy, playoff qualification, and the national championship. I'm comparing contract prices, liquidity, and settlement conditions before trading.

      📊 How I evaluate Underdog prediction markets

      I start with familiar NFL, NBA, and college football matchups, then compare prices, implied probabilities, liquidity, and trading costs. For example, a contract priced at 65¢ implies roughly a 65% probability before fees, but that alone doesn't establish good value. I also consider buy-sell spreads, available order sizes, and whether I can close a position before settlement.

      My takeaway: Underdog offers different ways to follow sports through individual games, player performances, and futures where available. I prioritize pricing, liquidity, and settlement conditions rather than assuming a familiar team or player represents a worthwhile trade. These standalone Prediction Picks should not be confused with fantasy entries eligible for the featured welcome promotion.

      Underdog Prediction Picks fees

      Underdog Prediction Picks fees vary by exchange and contract. The published UDM fee schedule lists a $0.01 commission per contract, per side. For 10 contracts, that's $0.10 to open a position and another $0.10 if those contracts are sold before settlement. Separate exchange or regulatory fees may also apply.

      Underdog's help center uses a $0.02-per-contract exchange fee in an illustrative example, but that isn't a universal rate. Before submitting a Prediction Pick, I check the order ticket for:

      • Contract cost: Price per contract multiplied by the number purchased.
      • Total fees: Any applicable commission, exchange fees, and regulatory charges.
      • Potential outcome: Total amount at risk and potential settlement payout after costs.

      My takeaway: The market price isn't necessarily the final cost of a trade. I rely on the order ticket rather than assuming every Prediction Pick carries identical fees.

      What markets can I trade on Underdog?

      Underdog Prediction Picks primarily covers sports event contracts, including NFL, college football, NBA prediction markets, college basketball, WNBA, NHL, MLB, soccer, tennis, MMA, and esports. Available markets can include game winners, spreads, totals, player performances, and season-long futures, depending on the sport and exchange.

      Some Nadex-powered accounts may also offer non-sports contracts tied to entertainment, politics, economics, business, and cryptocurrency. Market selection varies by location, exchange provider, and the events currently listed.

      Prediction Player Picks and parlays

      Prediction Player Picks are event contracts based on individual player statistics, such as passing yards, receiving yards, and touchdowns. Prediction Parlays combine eligible team contracts into one entry. Not every market can be combined, and cancellation or Cash Out restrictions can differ from those for fantasy contests.

      What matters for the welcome offer: Prediction Player Picks and Prediction Parlays are separate from fantasy Pick'em. The featured COVERS promotion applies to qualifying fantasy activity, not standalone prediction contracts. I'd confirm the entry type and promotional eligibility before submitting.

      Underdog payment methods and withdrawals

      Underdog supports several deposit methods, including debit and credit cards, Apple Pay, PayPal, Venmo, and online banking through Trustly. The minimum deposit for the featured welcome offer is $10, but depositing alone does not unlock the promotion. New users must also complete $10 in qualifying fantasy play.

      When I tested Underdog's earlier deposit-match offer, I deposited $100 and received $50 in promotional funds approximately 30 minutes later. The credit appeared quickly, but it wasn't automatically withdrawable cash. That distinction matters when comparing welcome offers and planning how to access any resulting winnings.

      Underdog deposit methods

      Payment availability depends on the product, device, and account. The key difference is that a method accepted for fantasy Pick'em may not be supported for standalone Prediction Picks.

      Payment method Fantasy deposits Standalone Prediction Picks
      Visa icon Mastercard icon Visa/Mastercard debit Eligible cards Eligible cards
      Credit cards Eligible cards Eligible cards
      Apple Pay icon Apple Pay Eligible cards Eligible cards
      Trustly icon Trustly / online banking Yes Yes
      PayPal icon PayPal / Venmo icon Venmo Yes, subject to account requirements No
      Google Pay icon Google Pay Eligible Android users Not listed as supported
      Prepaid cards / Cash App cards Limited eligible wallet-funded deposits; direct prepaid gift cards aren't supported No

      Underdog does not directly charge deposit fees, although your bank or card issuer may impose charges. Payment methods can vary by location, account, and device. See Underdog's accepted deposit methods for current restrictions.

      I would also confirm that the payment method's account-holder name and billing details match my Underdog account. Underdog can reject deposits when those details differ.

      Underdog withdrawal methods

      Underdog withdrawals are free and generally require at least $10, although a smaller remaining account balance may be withdrawn. Only withdrawable cash is eligible. Promotional bonus funds must satisfy their applicable conditions before they can become withdrawable.

      Underdog account balance screen showing total balance, bonus funds, and withdrawable cash separately

      Withdrawal method Available? Key requirement
      Visa / Mastercard debit Yes The eligible debit card must have been used for a previous deposit.
      Trustly / online banking Yes No previous Trustly deposit required.
      PayPal / Venmo Yes A previous deposit using the respective account is required.
      Apple Pay Eligible Visa debit cards A previous Apple Pay deposit using that eligible Visa debit card is required.
      Credit cards / prepaid cards No Not eligible for withdrawals, even if accepted for deposits.

      My takeaway: I would think about the withdrawal method before making my first deposit. A credit card may fund an eligible account, but it cannot receive withdrawals. Trustly offers an alternative without requiring an earlier deposit through that service.

      How long do Underdog withdrawals take?

      Underdog generally processes withdrawal requests within 48 to 72 hours. After processing, debit-card withdrawals typically settle within about 24 hours. Trustly can deliver funds immediately at participating banks or take another one to three business days. Security reviews, weekends, and banking delays can extend these timelines.

      Withdrawal requests also require confirmation. On iOS and Android, users typically enter a one-time SMS code; on the web, they confirm through an email link. The confirmation must be completed within 10 minutes, or Underdog cancels the request and returns the money to the account balance. Canceling and resubmitting a withdrawal can also restart the processing period.

      My earlier deposit test establishes how quickly I received promotional funds, not how long a completed withdrawal took. For payout timing, I rely on Underdog's published withdrawal guidance rather than presenting an unverified personal withdrawal speed.

      Underdog customer support

      Underdog provides customer support through live chat and email. During my testing, I found the chat easy to access, but getting a definitive answer about promotional eligibility was more difficult than reaching a representative.

      What happened when I tested Underdog customer support?

      I contacted Underdog support to clarify which entry types qualified for the welcome promotion associated with COVERS. The automated assistant couldn't answer my question and displayed an estimated reply time of about a day before offering to transfer me to a human representative.

      An agent named Jason joined the conversation and was courteous. He explained that contacting support by email would require a separate conversation and offered to refer my original eligibility question to the appropriate team. However, I didn't receive a definitive answer during the documented chat.

      Underdog customer support conversation showing a welcome bonus eligibility inquiry, automated transfer, and response from a human representative

      My takeaway: The chat screenshots document the transfer and Jason's response, not a resolution of my original question. I appreciated reaching a real person, but the additional handoff was frustrating when I needed to know whether an entry qualified for a promotion. I'd confirm eligibility before submitting rather than rely on support to resolve a disputed bonus afterward.

      How can I contact Underdog support?

      On desktop, open the chat bubble on Underdog's website. In the mobile app, go to Account and select Contact Support. Other contact options include:

      • Live chat: Available through the website and app, with automated assistance before a human response when necessary.
      • Fantasy and general support: support@underdogsports.com
      • Underdog Predict support: support@underdogpredict.com
      • Phone: No general customer support number advertised.
      • X: @UDSupport

      For a welcome-offer question, I'd include the selected promotion, the specific entry type, and a screenshot of the relevant terms. My experience showed why providing those details upfront matters when a question needs to be escalated.

      Where are Underdog Prediction Picks available?

      Underdog Prediction Picks are available in 46 U.S. states plus Washington, D.C., according to the operator's published eligibility guidance. However, Prediction Picks availability is separate from fantasy Pick'em eligibility, which determines access to the featured welcome promotion.

      Prediction-only states

      Fourteen states offer Prediction Picks without Underdog fantasy Pick'em or Drafts, including Connecticut, Massachusetts, New Jersey, Ohio, Pennsylvania, and Washington. Users in these locations cannot assume they qualify for the fantasy welcome offer simply because they can trade event contracts. The state eligibility table earlier on this page explains the distinction.

      Where are Prediction Picks unavailable?

      Prediction Picks are unavailable in Arizona, Michigan, Nevada, and New York, as well as Ontario and U.S. territories. Arizona is an important exception because eligible users can access fantasy Pick'em even though Prediction Picks are unavailable.

      Eligibility depends on physical location rather than residence. Users traveling into an ineligible state cannot place new Prediction Picks or cash out existing positions until they return to an eligible location. Open contracts continue toward settlement under their applicable rules. Check Underdog's official Prediction Picks eligibility guide for the latest availability.

      Is Underdog legit and regulated?

      Yes. Underdog Prediction Picks are event contracts offered through exchanges regulated by the Commodity Futures Trading Commission (CFTC). Underdog operates UDX, which includes a registered designated contract market and derivatives clearing organization. UDM, LLC, doing business as Underdog Predict, is also a registered futures commission merchant regulated by the CFTC and National Futures Association.

      Underdog Predict and Underdog Fantasy are separate legal entities. Funds held in eligible UDM futures accounts receive certain CFTC customer-fund protections that do not apply to fantasy-account balances. The two products and their promotional funds should not be treated as interchangeable.

      Regulated doesn't mean risk-free. A losing event contract normally settles at $0, and traders can lose their full contract cost plus fees. Cash Out is not guaranteed, particularly when market liquidity is limited.

      My Underdog Predict review

      4.6
      SIGN UP BONUS
      Play $10, Get $50 in Bonus Entries
      Ends: Dec. 31, 2026
      Click to copy!
      Tap to copy!
      COVERS
      Claim $50
      Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
      Covers verdict

      Underdog Predict gives sports fans an approachable way to explore regulated event contracts through familiar games and player markets. I like the straightforward presentation, but contract pricing, exchange fees, liquidity, and settlement rules still require careful attention.

      My biggest reservation is the distinction between Underdog Predict and Underdog Fantasy. The featured welcome offer associated with COVERS applies to eligible fantasy activity, not standalone Prediction Picks. I'd evaluate the trading product separately rather than join expecting to use the fantasy bonus on event contracts.

      Profile iconWho it's for

      Underdog Predict is best suited to sports-focused users who want a mobile-first trading experience and are willing to assess contract prices, fees, and settlement conditions. It's particularly relevant in locations where Prediction Picks are available but fantasy Pick'em is restricted. However, Prediction Picks eligibility does not establish eligibility for the featured fantasy welcome offer.

      Covers TradeGrade Rating: ⭐ 4.8/5
      Banking and payout speed ⭐ 4.6/5
      Customer security, regulation, and trust ⭐ 4.8/5
      Bonuses and promotions ⭐ 4.8/5
      User experience and support ⭐ 4.5/5
      Key features ⭐ 4.6/5
      Pricing, fees, and spreads ⭐ 4.6/5
      Contract clarity and settlement rules ⭐ 4.5/5
      Market liquidity and variety ⭐ 4.8/5

      I evaluate Underdog Predict separately from its fantasy products, following the criteria outlined in how we rate prediction markets.

      How I evaluated Underdog Predict

      My firsthand testing included Underdog account setup, an earlier deposit-match promotion, and a customer-support inquiry about bonus eligibility. Those experiences revealed friction around promotional restrictions and the distinction between funds credited to an account and money available for withdrawal. I've documented the deposit and support results elsewhere on this page rather than repeating the same figures here.

      For the Predict-specific assessment, I examined the contract entry interface, displayed fees, Price Change Tolerance controls, and published exchange rules. I distinguish those observations from executing a prediction trade or completing a withdrawal, neither of which is established by my documented testing.

      Underdog Predict entry details showing contract count, estimated cost, exchange fee, potential payout, and exchange disclosure

      What stood out: Underdog makes sports markets approachable, but the final entry details matter more than the familiar presentation. I'd check the contract price, total fees, applicable exchange, and potential payout before deciding whether a trade offers worthwhile value.

      How does Underdog Price Change Tolerance work?

      Price Change Tolerance controls how much a Prediction Pick's price can move against me between building an entry and submitting it. Underdog's default setting is 5%, adjustable from 0% to 20%, with an option to accept any price change. Favorable price movements are accepted automatically.

      For example, if an entry initially quotes 25 contracts but a price movement reduces that to 24, the 4% reduction falls within the default tolerance. I'd prefer a tighter setting when a small price change could undermine the trade's value, even if that means confirming more entries manually. The setting applies to eligible single Prediction Picks and Prediction Combos, but not Prediction Parlays.


      What I like about Underdog Predict

      Covers hit icon
      Sports-first presentation: Familiar NFL, NBA, and other sports markets make event contracts easier to explore, even though pricing and settlement still require careful evaluation.
      Covers hit icon
      Price controls: Price Change Tolerance provides a way to limit how much an entry can change before additional confirmation is required.

      What I don't like about Underdog Predict

      Covers miss icon
      Fantasy bonus restrictions: The featured welcome promotion cannot be used to fund standalone Prediction Picks, despite both products appearing under the Underdog brand.
      Covers miss icon
      Trading complexity: Exchange-specific fees and settlement rules require attention, while an early Cash Out depends on available liquidity and isn't guaranteed.
      Sign up at Underdog

      Underdog app review

      Underdog's mobile app brings fantasy Pick'em, Prediction Picks, and other sports products together. I like being able to browse them in one place, but the shared interface makes it especially important to distinguish a fantasy entry from a regulated event contract. The featured welcome offer applies to eligible fantasy activity, so I'd confirm the entry type and available promotional rewards before submitting.

      Underdog iOS app

      In the November 2026 App Store listing I reviewed, Underdog had a 4.8/5-star rating from approximately 332,000 ratings and a size of 207.6 MB. The most recent version is Version 26.70.0. The listing promoted fantasy selections, Prediction Picks, and other Underdog products alongside welcome-offer advertising. That variety is appealing, but I wouldn't rely on app-store screenshots alone to establish which promotion is available to my account.

      Download the Underdog iOS app from the App Store.

      Underdog Android app

      The Google Play listing I reviewed showed a 4.7/5-star rating from more than 35,900 reviews and over 1 million downloads. Android users see a similar combination of fantasy and prediction products. However, app availability doesn't guarantee that every payment method, market, or promotion is available in a particular state.

      Both app-store ratings reflect the November 2026 listings I reviewed and may change. The comparison image below also includes an earlier iOS listing capture, so its displayed rating count may differ from the newer figures.

      Underdog mobile app comparison showing the Apple App Store listing, Google Play listing, and in-app daily, weekly, and monthly deposit-limit settings

      Underdog app design

      What matters most to me is the final entry slip. For fantasy Pick'em, I check the selections, payout multiplier, and whether an eligible bonus entry is applied. For Prediction Picks, I focus on the contract price, fees, and potential settlement payout. Similar-looking sports selections can follow different rules, so I wouldn't assume a promotional reward works across both products.

      I also appreciate that Underdog provides daily, weekly, and monthly deposit-limit controls, as shown in the app comparison image above. Those settings are useful for managing spending independently of whichever welcome offer or ongoing promotion is available.

      Underdog's sports-first interface makes it a relevant option among our recommended apps like Novig. My main reservation is that the boundaries between fantasy entries, prediction contracts, and their respective rewards could be clearer.

      How does Underdog Pick'em Cash Out work?

      Underdog replaced its former two-minute Pick'em cancellation window with Cash Out for eligible fantasy entries. Instead of receiving an automatic full refund, users can accept the available early-settlement amount, which may be less than the original entry fee. Cash Out availability and the amount offered depend on the entry and its circumstances.

      Important for welcome-offer users: Cashing out an entry with an applied promotion permanently forfeits that promotion. The bonus isn't returned for another entry, and some promotional entries may have additional Cash Out restrictions. I'd review the displayed amount and conditions before accepting an early exit.

      Prediction Picks Cash Out works differently because it involves selling event contracts at the available market price, subject to liquidity and applicable fees. The two features shouldn't be treated as interchangeable. For more detail, see Underdog's official Pick'em Cash Out guidance.

      Prediction markets in the news

      Underdog vs. other prediction market apps

      Underdog's featured welcome promotion rewards qualifying fantasy Pick'em play, while Kalshi, Polymarket, and Novig offer prediction-market trading promotions. These bonuses aren't directly interchangeable, so I would compare the eligible product, qualifying activity, and reward format before choosing. For more details, see our Kalshi promo code and Polymarket promo code guides.

      Offer detail Underdog logo Underdog Kalshi logo Kalshi Polymarket logo Polymarket Novig logo Novig
      Welcome offer Play $10, Get $50 in Bonus Entries Exclusive $60 Bonus Deposit $10, Get $25 Bonus Deposit $10, Get $50 in Trade Credits
      Promo code COVERS MAX60 COVERS COVERS
      Eligible product Fantasy Pick'em Prediction-market trading Prediction-market trading Sports prediction trading
      Bonus format $50 in bonus entries $60 promotional bonus $25 trading bonus Ten (10) Trade Credits of $5.00 each
      Qualifying activity $10 in eligible fantasy play $25 in qualifying trades $10 in qualifying activity $5 in qualifying activity
      Minimum deposit $10 $10 $10 $10
      Covers TradeGrade bonus rating ⭐ 4.6/5 ⭐ 4.9/5 ⭐ 4.9/5 ⭐ 4.8/5

      Underdog's featured fantasy bonus entries cannot fund standalone Prediction Picks. Other operators' promotional credits also have their own eligibility, usage, and withdrawal rules. Confirm the current terms before registering.

      For another offer comparison, see our Onyx promo code guide.

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      Underdog promo code FAQ

      The featured Underdog promo code is COVERS, which unlocks 'Play $10, Get $50 in Bonus Entries' for eligible new customers. Confirm the offer appears during registration because Underdog has several welcome promotions with different requirements.

      Eligible users receive five $10 bonus entries, issued one per day over five days, totaling $50 in promotional value. The full amount isn't available upfront or credited as unrestricted cash. I would check the app each day rather than assume all five entries are available immediately.

      The published minimum deposit is $10, but depositing alone doesn't activate the featured welcome bonus. You must also complete $10 in qualifying play. I consider those separate requirements because funding an account is not the same as earning the promotion.

      Complete at least $10 in eligible fantasy play under the COVERS promotion. Standalone Prediction Picks don't qualify under the Play and Get rules. Before submitting, check the entry type shown on your slip rather than assuming every Underdog selection counts toward the offer.

      Open the Underdog mobile app and find the Promos section. Eligible rewards may also appear while building a fantasy entry. Select an available bonus, follow the prompts to apply it, and check the final payout before submitting. Underdog says bonus entries must be redeemed in the mobile app rather than a web browser.

      Not on standalone Prediction Picks under the featured Play $10, Get $50 promotion. Underdog's Play and Get rules limit these rewards to eligible fantasy activity. Qualifying Combos involving fantasy selections and prediction contracts have separate funding rules. I would verify that the specific reward appears as eligible on the entry slip before building a Combo around it.

      Not directly. The $50 is promotional entry value, not withdrawable cash. When an eligible bonus-funded entry wins, Underdog pays the profit without returning the original promotional stake. That distinction matters: a $10 bonus entry with a standard 3x cash payout would return $20 in winnings rather than $30 because the $10 promotional stake isn't returned. Check the displayed payout and applicable promotion requirements before submitting.

      The five-day schedule describes when the rewards are issued, not necessarily when each entry expires. Underdog's Play and Get rules impose a 1x turnover requirement within 14 days of a promotional bonus being issued. Individual rewards may also display their own expiration conditions. I would check each entry when it arrives rather than wait until all five have been credited.

      Yes, for eligible customers in states offering both Underdog fantasy contests and prediction markets. The alternative welcome offer matches 50% of the first qualifying deposit up to $1,000, meaning a $2,000 deposit reaches the maximum. Prediction-only states have a different offer: a 25% deposit match up to $250.

      When I tested Underdog's earlier 50% match, my $100 deposit earned $50 in bonus funds. The important catch was the required $150 in combined deposit-and-bonus playthrough. I'd calculate that obligation before choosing a larger match over the smaller Play $10, Get $50 promotion.

      No. When Underdog presents these promotions through Choose Your Offer, eligible new customers must select one welcome bonus. The selection is final and cannot be changed after confirmation. I would compare the qualifying play, reward format, and playthrough conditions before choosing, rather than selecting the offer with the larger headline amount.

      COVERS is the Covers promo code for the featured 'Play $10, Get $50 in Bonus Entries' welcome offer. Covers doesn't publish a separate Underdog referral code. Underdog also has an account-based refer-a-friend program, but its rewards and eligibility are different. Don't assume a friend's referral offer can be combined with the Covers welcome promotion.

      Not for the featured COVERS welcome offer. You must fund your account and complete $10 in eligible play to qualify. The advertised $50 is awarded as promotional entries, not a no-deposit cash balance. Other targeted promotions may have separate requirements.

      Register as an eligible new user through the Covers link and confirm that COVERS is associated with the Play $10, Get $50 in Bonus Entries offer. Enter the code if prompted, then complete account verification, deposit at least $10, and submit $10 in qualifying fantasy play. Underdog then issues five daily bonus entries.

      The $50 is promotional entry value, not withdrawable cash. Check the Promos section for each reward, confirm its eligible uses, and review its expiration before applying it.

      The featured COVERS welcome promotion is for eligible new customers and cannot be claimed again through an existing account. Returning users can check their Promos tab for account-specific multiplier boosts, Challenges, referral rewards, and other targeted offers.

      I'd prioritize a promotion that improves an entry I already intended to make rather than spending extra money solely to unlock a reward. Availability, payout conditions, and expiration dates can vary between accounts.

      There is no $100 welcome offer with promo code COVERS. The featured offer is Play $10, Get $50 in Bonus Entries. The only route to a $100 figure is the separate 50% first-deposit match, shown to some new users instead of the $50 offer: a $200 qualifying deposit earns a $100 match, up to $1,000 on $2,000. Underdog shows one welcome offer at sign-up, so check which appears before you deposit.

      Underdog does not give cash with no deposit. Promo code COVERS turns a $10 deposit and one $10 play into five $10 bonus entries, one a day for five days. Existing users see refer-a-friend, Keep Your Million and weekly boosts under the Promos gift icon; each pays only after a qualifying entry settles

      No. Underdog takes a promo code only in the sign-up form, so COVERS must be entered before the account is created. If you already have an account, the welcome offer is not available; existing-user promos sit under the Promos gift icon and need no code.

      Christian Stringer - Covers
      Christian Stringer
      Prediction Markets Editor

      As a seasoned editor at Covers, I have become a leading voice in North American prediction markets. Since joining in 2022, I have played a key role in managing, editing, and publishing commercial content that informs and engages bettors of all levels, with a particular focus on Kalshi, Polymarket, Novig, Stake, bet365, BetMGM, and Fanatics. Prior to Covers, I spent a decade as an award-winning account executive, collaborating with major brands like Rootz, 888, ComeOn!, EastLink, and GG Poker. My expertise extends to onboarding white labels, crafting online campaigns, and building partnerships with tech providers and affiliates. 

      Having personally reviewed over 50 prediction markets, sportsbooks, and DFS sites, I bring a sharp, user-focused perspective to the trading landscape and am committed to delivering insightful, high-quality content. Outside of work, I serve as the VP of an amateur athletics club, championing community engagement through sport.

      Table of contents
      • Best Underdog promo code
      • How to claim
      • Terms and conditions
      • What markets can I trade on Underdog?
      • Where are Underdog Prediction Picks available?
      • Underdog Predict review
      • Underdog vs. other prediction market apps
      • Underdog promo code FAQ
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