This brand hasn’t given a reason as to why prediction market users are unable to use any of the promos available on the site, but I can speculate a bit.
First off, the Predictions feature is still fairly new on the Underdog app, so it’s possible that a bonus might be rolled out eventually. For example, you can find a welcome bonus on FanDuel, with no
FanDuel Predicts promo code
required. However, many other platforms do not offer bonuses for prediction market users, so it’s possible that Underdog may not do it either. I’ll update you here if and when a bonus rolls out.
Secondly, due to regulatory issues, the funds that you use for Underdog Predictions are completely separate from any funds that you use for Underdog’s DFS / Pick ‘Em activities. You can’t transfer money between these accounts, and any bonuses you claim will only be available in your DFS / Pick ‘Em account. Underdog has partnered with Crypto.com and Kalshi to provide its prediction markets, so your funds and any bonuses are regulated by the federal government, specifically the CFTC. In other words, this part of Underdog is run more like a trading platform than a Pick ‘Em site, and so it’s regulated differently.
All of this is the run of the mill regulatory framework for prediction markets operating in the US. I found a similar set up during my
PrizePicks Predictions prediction markets review. Which goes to say, Underdog Predictions is not setting off any red flags.
So, if Underdog Predictions users can’t get a bonus, are there any other bonus opportunities available? That’s next…
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Download the Underdog app and start making predictions
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Mix and match outcomes to create your combo prediction
Yes – if you plan on participating in the DFS and Pick ‘Em contests, then you can claim bonuses for those activities. At the time of writing, there is a “Play $5, get $50 in entries” bonus, as well as a 50% deposit match that’s worth up to $1000.
Secondly, there is a referral bonus available if you invite your friends to the site, and they make a qualifying deposit. In this case, you’ll also get the equivalent of $10’s worth of entries, meaning this bonus is also only available to those who are not participating in the prediction markets.
Why am I telling you about these offers when they aren’t relevant to Underdog Predictions users? That brings us to this next point…
As I discussed earlier, you can’t claim a bonus and then transfer those bonus funds to your Underdog Predictions account. However, if you are also interested in the DFS/Pick ‘Em aspects of the site, then you can claim and use any bonuses available for those activities. If and when you win and clear your bonus – which usually has a 1x player-friendly playthrough – then you can withdraw any winnings to your bank account or other account. You can then use that money to deposit from your bank account into your Predictions wallet.
It’s not a perfect workaround since it requires multiple steps. However, for those who also like DFS/Pick ‘Em contests, this idea gives you a chance to use a bonus to potentially win money, withdraw it, and then send it back to your Predictions wallet to buy event contracts. You can then trade event contracts for sports, weather predictions, crypto pricing predictions, celebrity/culture predictions, government policy predictions, election predictions, and more. Since this platform is primarily focused on sports, I think that trading predictions on sporting events and player stats/behavior is the best option.
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.
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.
And that brings us to the next point…
How to get signed up with Underdog Predictions
While there is no Underdog Predictions promo code available, getting signed up on the site is a simple process:
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Tap the Underdog banner on this page.
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Tap the black “sign up” button on the brand’s homepage.
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Follow the prompts to create your account.
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Verify your identity so you can start purchasing event contracts.
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Make a deposit.
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Start trading!
I also suggest that you download the Underdog app to make it easier to start trading, which you can read about in my
Underdog Predictions prediction markets review. And speaking of that, let’s look at how to make the most of participating in these prediction markets…
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Make predictions across various sports markets
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Trade UFC event contracts on Underdog Predictions
5 tips for making the most of your Underdog Predictions funds
Even though there is no Underdog Predictions bonus available (at least not yet), I wanted to share with you a handful of tips for making the most of your picks in the brand’s prediction markets. Being smart about your picks doesn’t replace a bonus, but it can stretch your funds so you can play longer. Take a look:
When you first jump into purchasing event contracts, it’s tempting to buy a lot of them, especially when you’re feeling confident about the outcome. However, in order to make your funds last longer and protect against losses, you’ll want to stick to using 1% to 2% of your funds on an individual prediction.
For example, if you have $500 in your Predictions wallet, then you should spend no more than $5 to $10 on a single prediction. As your expertise grows, the amount of event contracts you purchase can grow too. This will let you grow your experience on Underdog Predictions without having to dig into your wallet to make additional deposits too soon.
When you’re with your friends, you might sit around and speculate about who’s going to win an upcoming game, the point totals, and so on. However, when it comes time to purchase event contracts, you’ll want to do your research. Underdog offers some basic information, such as performance stats, status updates, and implied market probabilities. However, I recommend you pair that with external tools such as StatMuse to help you make informed decisions.
Keep in mind that you’ll pay about $0.02 in fees for each trade on each contract at Underdog Predictions. This means you’ll pay the fee when you purchase the event contract, plus you’ll pay another fee when you sell the contract. Be sure to identify your entry and exit points upfront so that you’re not making emotional decisions that cause you to panic and incur trading fees.
🔄 Leverage early cash outs
While you can’t cancel a contract at Underdog Predictions, you can often exit it early to protect a profit or to mitigate losses. Again, be sure to identify upfront at what point you’d exit early so that you only do so when it’s beneficial to you.
📈 Specialize… and then diversify
Many users who are new to purchasing event contracts at Underdog Predictions go a little crazy by taking positions on everything that’s currently available. Instead of doing that, I recommend you specialize in one type of event contract, or one sport, or one team. Once you have a better understanding of how it all works, then you can diversify. Keep in mind that you should still stick to the previous advice of only using 1% to 2% of your funds at most for any one position while you’re still learning the ropes.
I’ll admit it – I’m a bit disappointed that Underdog Predictions users aren’t eligible for a welcome bonus, or any other promo on this site. However, it’s not unusual for these predictions trading platforms to not have bonuses, as prediction markets trading fall under a different regulatory framework than DFS or Pick ‘Em.
Of course if you’re interested in those other activities, you can certainly sign up to Underdog’s other services, then claim and use those bonuses. And you could even withdraw any winnings (if relevant) to your bank account, and then transfer the funds from your bank account into your Underdog Predictions account.
Nonetheless, even though you can’t claim a bonus, I still highly recommend this platform for trading event contracts across a variety of sports. In time, I hope to see bonuses for users like us, but for now you can just focus on learning more about prediction markets. So, with that in mind, all you have to do is tap the Underdog banner on this page to get started!
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.
Underdog Predictions FAQ
📈 How do Underdog Predictions work?
Users purchase binary event contracts based on their predictions for an outcome – e.g., will the Dallas Cowboys win or will the NY Giants win? If you’re incorrect, your contract settles at $0 and you get nothing. If your prediction is correct, your contract settles at $1, and your profit is the difference between $1 and what you paid for the contract, minus any fees. This is similar to the way other prediction platforms work; you can read more about it in this
FanDuel Predicts prediction markets review.
🏦 What payment options are available for Underdog Predictions?
You can use debit cards, Apple Pay, and bank transfers via Trustly to deposit funds at Underdog Predictions.
If a bonus code does become available for Underdog Predictions, you’ll find it right here on this webpage. Just check the banners for more information.
