Underdog Predict bonus availability
Take a first look at Underdog Predict
Make your pick at Underdog Predict
Explore exclusive prediction market features
As mentioned, there is no promotion or bonus available for new users. This may well be because Underdog Predict is a relatively new offering from the original Underdog platform, and one could be introduced in the future. Right now, however, signing up simply gives you access to the operator’s prediction market features. The same goes for certain other sites, such as PrizePicks. While browsing that platform, I found no PrizePicks Prediction Markets promo code either, as no welcome offer currently exists there.
Potential future bonuses
The prediction market industry is developing and changing quickly, so it’s hard to guess what bonuses Underdog Predict could introduce in the future. That said, I looked into what a few other platforms currently offer their users to give you an idea.
Kalshi, for example, grants its users a $25 trading bonus once they have made $25 in trades on the site, and no Kalshi promo code is necessary. Another brand, Moomoo, offers a one-off welcome bonus of 8.1% Annual Percentage Yield (APY) and a stock bonus. Polymarket offers a $50 trading bonus to its new users.
So, will Underdog Predict introduce a standard welcome bonus in the future? Potentially, but only time will tell. If a welcome promotion is eventually introduced, it could look like any of the above or be something totally unique to the platform — I really can’t say!
Whether or not you’ll need a promo code is also up in the air, but as above, we can look at similar platforms to get an idea. While Kalshi doesn’t require a promo code, to claim Polymarket’s welcome offer, you might need a Polymarket promo code.
The best approach is for you to check back here regularly to see if an Underdog Predict bonus has been introduced, and I’ll talk you through any eligibility requirements and terms. There are currently no existing player promotions on the platform, either, but again, I will update this if any come to light.
Trading derivatives involves risk and may not be appropriate for all. For more information visit: https://www.nadex.com/rules and https://underdogfantasy.com/rules. For Crypto.com Predictions, the term "pick" refers to a product traded on CDNA.
Signing up for Underdog Predict
Whether or not Underdog Predict does eventually introduce a standard welcome offer, you’ll first need to sign up to the site in order to do anything. Below is a quick guide to signing up, which I found to be an extremely simple process.
- Locate and click on any of the banners on this page to be redirected to the site.
- Press the sign up button and enter your email address, username, and chosen password.
- Fill in any other requested personal information, such as your phone number, date of birth, and so on.
- Verify your email address.
- Verify your identity with the requested KYC checks (proof of address, I.D. and a selfie).
When researching other sites, such as Fanatics Markets, I found that no Fanatics Markets promo code was required to sign up for the site and begin making predictions. The same goes here at Underdog Predict.
Once registration is complete and verification has been approved, you’re all set and ready to start buying and selling event contracts. Of course, you must be aged 18 or older to sign up for an account, and you must be located in a state where prediction market trading is legal. Be sure to check the operator’s official site to see if you’re eligible to sign up in your area.
How Underdog Predict works
If you’re unfamiliar with how prediction market trading works, the below explanation of how Underdog Predict works will hopefully clear things up for you.
The platform (and other similar prediction market platforms) allows users to trade event contracts based on real-world outcomes. You aren’t dealing with traditional sports betting odds; rather, you’re given probability-based contract pricing. For example, as explained on the Underdog website, a contract priced at $0.63 represents roughly a 63% probability of that outcome occurring.
You purchase contracts based on an outcome you believe will occur. For example, whether your favorite sports team is going to win the upcoming match. If the prediction is correct, and in this example, your team wins, the contract settles at $1.00, meaning a $0.37 profit. If your prediction is incorrect, the amount paid for the contract is lost, so you’re $0.63 down.
This is a pretty different experience from traditional fixed-odds betting, wherein a sportsbook sets odds for an outcome and your potential return is determined by these odds.
Changing contract prices
It’s also worth mentioning that prices at Underdog Predict can move up and down as information changes, meaning the value of a contract can change right up until an event is settled.
As mentioned, while a contract’s price may reflect the market’s current assessment of an outcome, it’s not a guarantee of what will happen. Prices can (and often do) move when new information becomes available, when trading activity changes, or even when the market gets closer to the event taking place.
With that in mind, it’s important to know that you don’t necessarily have to hold a contract until the event’s outcome is decided. In most cases, you can sell back contracts that you’ve already bought as prices change. For example, let’s say you purchase a contract at $0.30 and its market price then rises, selling it at the higher price can produce you a gain without you having to wait for the final settlement.
Likewise, if a contract begins to fall in value, you can opt to sell it for a slight loss rather than waiting until the outcome and potentially losing the entire value (if things don’t go the way you originally hoped). I’d say, always consider the potential return alongside the amount you’re risking.
Available event categories and markets
I found two main categories on the Underdog Predict site for event contracts — sports and culture. Let’s take a look at what each of these has to offer.
Sports
Sports predictions are the most popular (i.e. most heavily traded) option at Underdog, though the exact selection can vary according to the exchange that powers your account. Underdog currently offers Prediction Picks through UDX, Kalshi, and Nadex, and the available markets can differ between exchanges.
In general, though, you can expect to be able to trade event contracts on sports such as soccer, basketball, tennis, esports, and more. The operator currently lists markets including:
- NFL
- NBA
- NHL
- MLB
- WNBA
- MMA
- College football
- College basketball
You’ll find contracts covering outcomes such as game winners, point or run spreads, and totals. Some sports also offer more specific markets, such as outcomes for individual periods of a game. For example, you can trade on quarter and half markets in football, whereas baseball markets can cover specific innings. When it comes to soccer, you can find 3-way markets which give users three possible outcomes: a win for either team or a draw.
You can also trade on futures contracts, which I particularly enjoyed, such as the next NFL championship winner, World Cup winner, or Premier League winner.
Culture
If you’re not that interested in sports or are looking to switch things up, the culture category features prediction markets focused on entertainment, politics, cryptocurrencies, and the economy, to name a few. In the entertainment section, you can buy and sell contracts on things like movies and music at events like the Grammys and Oscars, whereas under the politics section you can trade on outcomes of elections or other political events.
Glance at pick options at Underdog Predict
Unlock bonuses on mobile at Underdog Predict
Top tips for using the site
If you want to make the most out of your trading predictions at Underdog Predict, check out the following five tips.
Conclusion: No need for an Underdog Predict promo code today
No Underdog Predict new user promo code is required as there’s currently no dedicated bonus to claim in the first place. Whether the operator introduces a bonus in the future is up to them, but be sure to check back here to find out (and always look out for terms and conditions attached).
If you’d like to join the platform and begin trading contracts on sports or cultural events regardless, you can click on any of the banners on this page to head on over to the site and get started.
