Underdog promo code and prediction markets review: Use code CBS for $100 in Bonus Entries

The Underdog app now includes Prediction Picks after adding sports prediction markets, and with the latest Underdog promo code CBS, eligible new users can play $5 to receive $100 in bonus entries. Read on for our in-depth review of Underdog Prediction Picks and where you can use both bonuses in the Underdog app for today's college football games. Claim the latest Underdog promo code here and register with the Underdog bonus code CBS.

Underdog promo code details

The bonus offer on Underdog must include fantasy picks, which now appear alongside Underdog Predict (also known as Underdog Prediction Picks or Team Picks). Eligible new users can receive $100 in bonus entries after playing $5.   

Underdog Play & Get Promo Details

*Underdog not available in NV, AB, ON & US Territories. Underdog Predictions Picks are not available in AZ, CO, KY, MD, MA, MI, MS, NJ, OH, PA & TN.

• 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, & VA) and physically present in an eligible state where Underdog Pick'em operates.
• Promotion is available exclusively to new users who complete identity verification (KYC) and have an account in good standing.
• Make a minimum first-time deposit of $10 and place a qualifying first entry of at least $5 
• Drafts do not count as qualifying entries for this promotion.
• Bonus entries are distributed as $10 in bonus entries per day for 10 consecutive days (totaling $100 in bonus entries).
• Bonus entries are non-withdrawable site credits and must be used on fantasy entries with a payout multiplier of at least 2x (i.e., +100 odds or 50% implied probability).
• Winnings generated from bonus entries are subject to a 1x playthrough requirement and become fully withdrawable cash.
• Bonus entries automatically expire 14 days after being credited if unused.
• Bonus entries can be used on Prediction picks only if the entry includes 1 prediction pick and at least 2 fantasy picks

Remember, the Underdog app includes several products within it. So you can sign up with code CBS, but that code is not for an Underdog Predict/prediction picks-only bonus. You can still participate in prediction markets on Underdog if in a state where it is available, but this welcome bonus can only be claimed and redeemed by making a qualifying fantasy pick-em play.

Underdog Fantasy Secondary Offers

In addition to its flagship offer allowing new users $100 in bonus entries once they play $5, Underdog offers two secondary offers for users interested in moving away from the Play and Get format. The first of those offers is a 50% deposit match worth up to $1,000 in bonus entries. The details of that offer are outlined below.

Underdog Deposit Match Promo Details

Underdog Deposit Match Promo Terms

• Must be 18+ (19+ in AL & NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and physically located in an eligible state where Underdog operates Pick'em or Drafts contests.
• Prediction-ONLY states (CT, HI, ID, IA, LA, ME, MD, MA, MS, MT, NJ, OH, PA, WA) are strictly ineligible for the Deposit Match promotion.
• Qualifying first-time deposit must be at least $10 to unlock the 50% deposit match bonus (up to a maximum bonus of $1,000).
• Promotional bonus funds are credited to the user's account within seventy-two (72) hours of resolving the qualifying deposit.
• Combined total of the qualifying deposit plus the matched bonus funds carries a 1x playthrough (turnover) requirement before net winnings are eligible for withdrawal.
• Bonus funds are non-withdrawable site credits that must be played through on fantasy contest entries with payout multipliers of at least 2x (or +100 odds / 50% implied probability).
• When combining bonus funds with Prediction picks, entries must be structured as a Combo entry containing at least 1 Prediction pick and at least 2 Fantasy picks from two different teams.
• Bonus funds expire if the 1x turnover requirement is not fully satisfied within fourteen (14) days of issuance. Unused bonus funds will be forfeited upon expiration.

Underdog's second alternative to the "play $5, get $100 in bonus entries" offer provides new users with five RIPS packs worth up to $750 after they play $5. The details and terms for the offer are outlined below. 

Underdog RIPS Promo Details

Underdog RIPS Promo Terms

• Bonus Terms: Requires a $5 play for new users. Pulled cards must be kept/shipped or sold back within 3 days (72 hours). If no selection is made within 72 hours, cards are automatically sold back for fair market value.

• Open vaulted digital mystery packs featuring real physical trading cards.

• Bonus Structure: Receive 5 free digital mystery packs containing authentic physical trading cards. Once revealed, pulled cards can be kept for physical shipment or sold back immediately for fair market value cash proceeds (no bonus credits).

• Instant post-open options: keep, ship, or sell back immediately.

• Trade-Through Requirement: None (N/A). Buyback proceeds are withdrawable cash or physical cards mailed. Card decisions are subject to a 3-day (72-hour) decision rule.

• Turnover Period: 3 days (72 hours) decision window on pulled cards before automatic buyback occurs; promotional bonus funds expire 14 days after issuance.

How to sign up for the Underdog promo code

1. Be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA & VA), have a legal U.S. residential address within a state where Underdog operates and be otherwise eligible. 

2. Tap the CLAIM BONUS button on this page and download the Underdog app.  

3. Register for an Underdog account using Underdog Predict promo code CBS and enter the required information, including name, address, phone number and SSN.  

4. Verify your email.

5. Choose your preferred sign-up bonus.

6. Once registered, make a deposit of $10.

7. Play $5 or more to receive $100 in bonus entries.

Claim the latest Underdog promo code CBS here:  

How to trade on Underdog Predict

Along with traditional player prop options like on Underdog DFS, Underdog prediction picks allow event contract trading on teams and futures, with markets that include winning individual games, events and championships via the Underdog prediction picks option within the app. Event contracts are also available for the following:

• Football/NFL

• Baseball/MLB

• Basketball/NBA

• Hockey/NHL

• Soccer/World Cup/EPL

• Many more sports/leagues

Users can trade on live sporting events in addition to upcoming events, and even longer-term events, like championships and awards. 

Event contracts are offered by one or more designated contract markets (DCMs), including UDX, Kalshi, and Crypto.com. New eligible users can also claim the Kalshi promo code CBSSPORTS55 directly on Kalshi. Kalshi is available nationwide for new users to sign up. It is important to note that sports contracts are currently unavailable in MI, NV, and WA. In order to be eligible for Kalshi's sign-up bonus, new users must be physically located in a state where Kalshi prediction markets operate and complete the sign-up and identity verification process.

How pricing for Underdog prediction picks works

Let's use the example of the Kansas City Chiefs playing the Buffalo Bills. Users can trade on the winner of that outcome. Like other sports prediction markets, Underdog displays pricing per event contract. 

That means if the Chiefs are trading at a price such as $0.60 per event contract on Kalshi, the correct prediction pays out $1 per event contract, for a profit of $0.40 per contract. The price implies the market has the Chiefs at a 60% probability to win.

Therefore, if someone were to make a trade for 100 event contracts of the Chiefs at this price, it would cost $60, and if the Chiefs win, Underdog pays out $100 back to the account for those contracts. You would earn a profit $40 on that $100 total return. 

Please note, Underdog charges users a $0.02 exchange fee per contract. 

Underdog banking methods

Underdog does not charge fees for withdrawals or deposits. Withdrawals are processed within 24-72 hours, with online banking transfers via Trustly typically being the fastest method. 

Underdog app review

Underdog debuted in 2020 as a DFS platform. It is best known for two things: DFS Pick Em contests, where users pick higher or lower on specific player statistical totals, and best ball fantasy sports contests. Underdog has evolved since and is now expanding into prediction markets through Underdog within the Underdog Sports app. 

User experience

The Underdog app is straightforward, as the lobby presents you with several different trading options across several different sports. The UI, and particularly the visual layout, is very thorough, and perhaps a bit overwhelming. Highlighting the featured events is a good thing, but Underdog went overboard by choosing too many of them. There are 25 different "featured" events in the lobby, with some of the most popular (ex: golf), all the way at the bottom.

Additionally, there could be some reordering in terms of the sports listed at the top of the lobby. Some of the most popular leagues (NFL, NBA) aren't among the first 10 sports leagues listed, yet other sports not in season, such as CBB, are listed before.

Tracking event contracts is easily done via either the Picks tab at the bottom or the Track icon. That brings you to another screen where your picks, in addition to the respective event's time and score, are displayed, making it easy to see if your predictions are on pace or not.

The customer support methods include a Help section that answers FAQs, the ability to message an AI support agent within the app, and a link to the app's Support Team via Twitter/X. It appears the in-app support messaging is AI-only, but the Twitter account is human-operated and had thorough and recent replies to users' questions.

Underdog app store ratings (as of October 16, 2026)

Underdog Predict / Underdog prediction picks is one product within the Underdog Sports app, rather than its own standalone app. Below are the app ratings for Underdog Sports: 

Underdog responsible trading tools

Prediction market platforms offer Responsible Trading resources that can be found in your account settings after logging in or by request by contacting customer support.

Responsible Trading toolkits on Underdog involve:

• Deposit Limits

• Session Time Limit

• Timeout

• Self-Exclusion

• Close Your Account

• Contact Helplines

NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).

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. 

Underdog Predict is a registered FCM offering event contracts. Trades may be placed on CDNA, a registered DCM, powered by UDM Services, LLC. Trading involves significant risk and is not appropriate for all. Must be a U.S. resident. Terms apply: underdogpredict.com. Content is promotional and is not a recommendation to trade. Content is promotional and not a recommendation to trade

Underdog Predict promo code final verdict 

Underdog has a similar look and feel to many other prediction market apps, with several categories of trading markets, a straightforward way to view in-progress predictions, and multiple customer support options. Deposits and withdrawals are made with ease, with all of the most popular payment methods accepted.

While the number of trading markets, such as the various sports/leagues, is a plus, the app can still be overwhelming. While you should be able to find whichever sport/league you're looking for, it may take some time as the layout seems pretty random. Some of the most popular markets and featured contests are unexpectedly difficult to find.

In terms of gameplay, the combos on Underdog are somewhat limited. You can't combine multiple prediction picks, but you can combo 1 prediction team pick with at least 2 player fantasy pick-em picks. For example, you can't make tournament predictions on who will win a PGA tournament and an LPGA tournament within the same trade. You also can't combo futures predictions, even if they aren't correlated and come from multiple different sports.

What I want to see in future updates

An improved layout where the most popular sports/leagues are listed first would improve the navigability. Additionally, a "less is more" approach may be helpful for featured events as having so many events featured doesn't give proper attention to those events that should be highlighted.

In terms of customer support, I did not see an e-mail option. There is AI-only in-app messaging, and there's a way to contact the support team through Twitter. But the options to receive a human response are limited

Underdog FAQ

How does Underdog work?

Underdog is a prediction market where users trade contracts on event outcomes. For sports markets, these outcomes could be team picks, a future champion, etc. Users can buy contracts, with each share paying out $1 for correct outcomes. Prices per share on Underdog markets range from $0.00-$1.00. 

Is there an Underdog promo code?

Yes, eligible new users can use Underdog promo code CBS to receive $100 in bonus entries after they play $5.

How good is Underdog's prediction market?

Underdog offers a variety of trading options, such as winners, futures, and spreads, to compete with some of the larger, better-known prediction markets, such as Kalshi and Polymarket.

What are prediction picks?

Prediction Picks allow users to trade event contracts based on real-world outcomes, including if a team wins a game, wins by more or less than a specific number of points, or player prop options as available markets for using the Underdogions promo code. They are financial instruments traded through a regulated exchange.

When was Underdog founded?

Underdog Sports was founded in 2020 as a DFS and sports gaming platform with headquarters in New York. It now offers prediction markets via a license with the CFTC. 

What sports does Underdog cover?

Underdog features all the major American sports and a variety of international sports as well, including NFL, MLB, NBA, NHL, college football, college basketball, international soccer, tennis, golf, UFC, NASCAR, and more. 

Are Underdog prediction markets different from Underdog DFS?

Yes, the Underdog app now includes Underdog Predict (also known as Underdog prediction or team picks) in: AK, AL, AR, CA, CT, FL, GA, HI, IA, ID, IN, KS, LA, ME, MN, MO, MT, NE, NH, NM, NY, NC, ND, OK, OR, RI, SC, SD, TX, UT, VA, VT, WA, WI, WV, WY, Washington D.C. It is a separate product within the app from fantasy contest entries / DFS Pick 'Em contests. Underdog prediction picks allow users to trade event contracts on winners, margin of victory and game totals. 

18+ in most states. Event contracts trading involves a risk of substantial loss and is not suitable for all investors. Past performance is not indicative of future results. Participation in prediction markets is subject to applicable eligibility requirements.  Participation may be restricted or prohibited in certain jurisdictions and participants are responsible for ensuring their participation complies with applicable laws and regulations in their jurisdiction. Prediction markets content is not intended for individuals located in jurisdictions where they are prohibited. Additional help and resources are available through the NCPG's Financial Trader Health and Safety Initiative. You can also call or text 1-800-MY-RESET.