Underdog Fantasy Promo Code: 'SBR1000' for 50% Deposit Match up to $1,000 2024

Best Underdog Fantasy promo codes and bonuses — verified

The welcome bonus available through our Underdog promo code link is just the warm-up. Underdog features a full roster of promos for returning players, ranging from referrals to money-back guarantees and boosts.

While they’re not as big as the sign-up offer, these returning player bonuses can still help stretch your bankroll and add some extra juice to your picks.

50% deposit match + up to $1,000 in promo credits

To unlock the welcome bonus, you’ll need to drop at least $10 after signing up. In response, Underdog Fantasy will match 50% of your deposit, up to $1,000 in promo credits.

So, if you deposit $500, you’ll get $250 in promo funds to use. To get the full bonus, you’ll need to deposit $2,000.

The bonus is wide open for Underdog’s contests, so you can use it in any competition. Don’t forget you’ll need to flip those promo bucks once in gameplay before they’re eligible for withdrawal. In other words, your entire deposit + promo funds must be played through before you can cash out.

Underdog Fantasy promotions for existing customers

The sign-up bonus gets you through the door, but Underdog keeps the perks flowing for regulars.

Check out these promos Underdog has lined up for returning players:

• Refer-a-friend: This word-of-mouth deal gives you a $25 referral bonus when a friend deposits $10 or more.
• Profit Boosts: Underdog periodically drops profit boosts (usually around 20%), letting you boost your entry’s profit by a set percentage. You can only use the token on a single entry, and there’s usually a max payout cap of about $1,000 when the token is applied.
• Vulture Protection: If you pick a designated RB to score a rushing or rush + rec TD, and they get "vultured" (a non-RB scores the rush TD), your entry will be protected. You’ll get the incentive if it’s the only losing selection, but this only applies to pregame picks, with one promo per Vulture Protection. The TD has to come from inside the 10-yard line after your RB touches the ball on that drive.
• Pick’em Rescues: Injuries are never fun but this promo can help take the sting out of a player unexpectedly leaving a game early. If a player plays in the first half of a game but doesn’t return due to injury, ejection, or any other reason, your entry will be refunded the next day. Note that Rescues only apply if you chose “higher” on a player’s selection and are restricted to NBA, MLB, WNBA, NFL, CFB, CBB, and WCBB contests.

Underdog Fantasy promo code summary

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Anyone 18 or older (19+ in Alabama and Nebraska; 21+ in Arizona and Massachusetts) is eligible for the welcome bonus — a 50% deposit match up to $1,000. No Underdog Fantasy promo code is needed to claim the offer — just sign up using our links.

What do you get from the Underdog Fantasy welcome bonus?

Once you trigger the welcome bonus, you’ll receive promo credits equal to half of your deposit, which you can use to cover entry fees for any contest.

After claiming the bonus, your real money gets used first, then the bonus funds kick in.

Remember, the bonus funds have a rollover requirement, meaning you must play through them once before they’re eligible for withdrawal. For example, if you deposit $10 and get $5 in promo credits, then spend $5 on entries and win $30, you can withdraw your winnings, but the remaining promo credits will stay locked until the rollover is complete.

How to claim the Underdog Fantasy welcome bonus

Getting the ball rolling with the Underdog Fantasy welcome bonus is easy. Follow this step-by-step guide to register and secure your offer.

1. Register

Hit our Underdog promo code link, and you’ll be sent straight to their DFS platform. Once there, click the black Sign Up button in the top right corner. Fill out the sign-up form with your full name, address, and date of birth.

You’ll also need to turn on location services (if you're on desktop) or GPS (if you’re on mobile). You don’t need this to register, but you will when you’re ready to deposit later.

2. Enter the Promo Code

In one of the registration boxes, you’ll see an option to enter an Underdog Fantasy promo code. Just ignore that and leave it blank. Make sure to tick the T&C boxes, and you're good to go.

3. Deposit

When you’re ready to make a deposit, you’ll see a few payment options like online banking via Trustly, PayPal, and your usual debit and credit cards. The minimum deposit is $10, equal to what is required to qualify for the Underdog welcome bonus.

4. Play Contests

Once you’ve made your first deposit you can choose between different contest types. Whether you’re making Higher/Lower projections in Pick’em games or drafting your fantasy team within a salary cap, the welcome bonus applies.

5. Withdraw

You can’t withdraw promo credits directly. But if you win using the bonus, you’re good to cash out with Interchecks or PayPal, with a minimum withdrawal of $10.

Underdog promo code terms & conditions

Underdog keeps things pretty simple with its bonus terms, but you should still know the details to get the most from the offer:

• Wagering requirements: The promo credits from the welcome bonus come with a 1x wagering requirement, meaning you need to play through them once before you can cash out.
• Minimum deposit: You’ll need to drop at least $10 to unlock the welcome bonus.
• Time to use the bonus: After claiming the bonus, you’ll have 14 days to meet the wagering requirements. Underdog calls this time window the “Turnover Period.”

Who can use the Underdog Fantasy promo code?

Underdog Fantasy operates in 40 states plus DC and all Canadian provinces and territories except Ontario, so you’re free to claim the welcome bonus in any of those locations. The minimum age to sign up and activate the offer is 18 in most places, except for Alabama and Nebraska (19+) and Arizona and Massachusetts (21+).

Underdog promo code SBR1000 is to use to get the bonus rolling — just sign up through our links and deposit $10+.

Underdog Fantasy contests

Underdog Fantasy offers a variety of contests that are sure to please players with varying interests. While some competitions will pit users against the house, others will allow them to go head-to-head against other Underdog Fantasy users.

Players can choose between standard Pick'em games, drafts, and more. With Best Ball and Daily Snake Drafts available, users have plenty of options that fit a variety of budgets. More information about each of the contests offered by Underdog Fantasy can be found below.

Pick’em 🎯

Underdog’s Pick'em contests revolve around making stat-based predictions. You select two or more players and choose whether they’ll go higher or lower on their projected stats. For Flex entries, you need at least three picks.

There are two modes to play:

• Standard: In this mode, all your picks must hit for you to win. If you nail two picks, you’ll get a 3x payout. Hitting all five picks earns you a 20x payout.
• Flex: This mode offers a safety net. Even if you miss one or two picks, you can still win a reduced payout. For example, you can include up to eight selections in a Flex entry; if you hit them all, you’ll land a huge 80x payout.

Underdog adds even more flexibility by giving multiple stat categories for certain players. For instance, you might come across a player like Derrick Henry with the following stat lines:

• Rush + Rec TDs
• Rushing Yards
• Rush + Rec Yards
• Rushing Attempts
• Receptions
• Receiving Yards
• Longest Reception
• Longest Rush
• Fumbles Lost

Drafts 📝

Underdog Fantasy offers drafts where you build a team by selecting players in a snake-style draft format without worrying about a salary cap. You’ll compete against others based on how well your draft picks perform in real games. The main draft options include Best Ball, Daily Snake Drafts, and Battle Royale.

• Best Ball is a season-long format where you draft a team, then sit back while Underdog automatically starts your highest-scoring players each week. There’s no need for lineup changes, trades, or waiver wires. It’s a great option for those who want the thrill of drafting but don’t have time to manage their roster daily.
• Daily Snake Drafts allow you to draft a new lineup for a single day or week of games. Players take turns picking, just like in traditional fantasy sports. Once your team is set, it’s locked in, and you compete based on those picks. It’s a quick, one-time draft without the season-long commitment.
• Battle Royale mixes the snake draft format with a tournament-style competition. After drafting, you face off against other players in head-to-head matchups, advancing through rounds if you win. It’s a knockout-style contest with big prize pools for those who come out on top.

Champions 👑

In Champions, you draft a lineup of 2-8 players and select whether each athlete on your team will perform higher or lower than a benchmark stat. You’ll earn Champions Points for each correct selection and compete against other players in a tournament. If you earn the most Champions Points, you win.

Champions contests are available for popular leagues like the NFL and NBA.

Underdog Fantasy deposit options

You can fund your Underdog account using a variety of payment methods, including online banking, PayPal, Apple Play, and credit or debit cards (Visa, Mastercard, Discover, Amex). The minimum deposit is $10, no matter which option you choose. Best of all, deposits are instant and come with no fees.

Why sign up with Underdog Fantasy?

Since its launch in 2020, Underdog Fantasy has quickly become one of the best DFS sites, giving giants like and a run for their money. If you’re still on the fence about joining, here are a few key reasons that might convince you to hop on board.

Massive welcome bonus 💪

Bonuses can change often, but Underdog consistently offers some of the best sign-up deals around. Its current 50% deposit match up to $1,000 is one of the top offers on the market.

Great contest diversity 🌈

Most DFS platforms tend to specialize in salary-cap drafts or Pick’em games. Underdog Fantasy has embraced both, offering a wide range of options to fit every type of player.

Fantastic sports coverage 🏈

Underdog’s sports coverage is unmatched, with over 20 sports in the mix. Beyond the big leagues like the NBA, NFL, MLB, and NHL, it also dives into esports and plenty of niche markets. It’s even got some off-the-wall options like hotdog eating contests!

Live play for Pick’em 📣

It's almost impossible to find a DFS platform that lets you get in on Pick’em games after events have already kicked off. Underdog offers live lines for ongoing events, taking the excitement to the next level.

Various promotions for regulars 🫡

Let’s face it — most DFS platforms aren’t exactly known for showering their regular users with promos. Unlike many of its competitors, Underdog goes all out, always having at least three active promos for existing customers.

Mobile 📱

Underdog’s mobile apps rank highly across the DFS community, with a 4.8 rating in the App Store and 4.7 in the Play Store. Like other top sports betting apps, Underdog offers a fantastic user experience, featuring an intuitive layout and a choice between sleek light and dark themes.

Comparison to other DFS sites

DFS and DFSS sites each have their own unique bonuses with their own set of terms and conditions. For example, the Thrillzz promo code will net users a free $3 worth of SC, while the Novig promo code gives users 1,000 Novig Coins and 5 Novig Cash, and the Fliff promo code nets users 5,000 Fliff Coins and 1 Fliff Cash. Similarly, the SportsMillions promo code gives users 1,000 Gold Coins and 3 SC.

Social sportsbooks struggle to keep up with other DFS sites, as the Betr Picks promo code is one of the best in the industry and offers up to $200 in Betr Bucks depending on a new user's initial deposit. The PrizePicks promo code gives new users $50 just for playing $5 the ProphetX promo code gives new users 2% cashback for 30 days, up to $300.  

However, the Underdog Fantasy promo code is the most lucrative in the space as users can net up to $1,000 in bonuses. Below is a table comparing Underdog Fantasy and some of the best DFS sites.

You can also check out our ParlayPlay Review and our Boom Fantasy Review for more great DFS promos. 

Where is Underdog Fantasy legal?

Underdog operates in 40 states, plus DC and Canada, but not all contest types are legal in every state or province. 

Pick’em contests are available in 19 states plus DC, Champions Mode is available in 15 states, and Drafts are available in all U.S. locations where Underdog currently operates (40 states plus DC).

All three contest types are available in Canada, except for Ontario.

The full U.S. availability breaks down as follows:

Underdog Fantasy latest developments

By following Underdog Fantasy on social media, you can find out about special promos, the latest updates, and more. Below is a list of the most recent updates:

• Nov. 23, 2024: Underdog Fantasy announced a Tommy DeVito giveaway. For every touchdown that DeVito scores in his game against the Tampa Buccaneers, Underdog Fantasy will add $500 to a prize pool. At the end of the game, 10 players will split the pot.
• Nov. 19, 2024: Underdog Fantasy announces a promo drop for the NBA In-Season Tournament. Users will find their specific promo in the app.