Underdog Promo Code: Use LABS to Get $250 Deposit Match + Special Pick

Savvy fantasy players are always looking for new ways to get in on the action. Enter Underdog Fantasy, and our exclusive Underdog promo code. The Underdog Fantasy promo code LABS will get you a $250 deposit match + a special pick when you sign up today. The offer is a 50% deposit match, meaning you have to deposit $500 to get the max value of $250 in bonus cash.

Underdog Fantasy allows users to compete in a variety of different contest types, spanning as short as one game or as long as an entire season. That includes one of the industry’s top-rated best ball fantasy sites as well as daily pick ‘em contests.

Once you sign up with the Underdog Fantasy promo code, you’ll find contests that fit every budget, spanning from as little as $3 per entry all the way up to $10,000. Overall, there truly is something for everyone in the Underdog Fantasy lobby. Follow along for more details regarding current Underdog Fantasy promotions, how to sign up and fund your account, and an in-depth review of the platform’s DFS contests and Underdog mobile app.

📲 Underdog Promo Code	LABS
🖱️ Underdog Sign-Up Link	Click here
💰 Current Underdog Bonus Offer	Get a First Time Deposit Offer up to $250 in Bonus Cash + a Special Pick!
📝 T&C’s	Must be 18+ (19+ or 21+ depending on state of residence) and within applicable state. Full T&Cs apply.
✅Available States	IL, IN, KS, NY, VA, WY, DC, AL, AK, AR, CA, GA, ME, MN, MS, NE, NM, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, WI
🎯 Last Verified	May 2024

How to Use Our Underdog Promo Code

Signing up with the Underdog promo code is easy. Check out the steps below:

1. Click on one of the links on this page, which will send you to the Underdog Fantasy website.
2. On the new screen, enter your username, email address, password, date of birth, and the Underdog Fantasy promo code LABS in the promo code field if it isn’t already filled.
3. Make a $10 minimum deposit to get a 50% match on your initial deposit. The max award amount is $250 in bonus cash, so making an initial deposit of $500 will max out this bonus.
4. Meet the 1x playthrough requirement of your bonus cash within 60 days of issuance.
5. Claim your special pick through the promos page.

Remember, this Underdog promo code is only available for new users in eligible states who are at least 18 years old (or 19 in Alabama or Nebraska, and 21 in Massachusetts and Arizona). As long as you fit those criteria, you’re eligible to take advantage.

What Is Underdog Fantasy?

Underdog Fantasy was started in 2020 in Brooklyn, New York by Jeremy Levine, Brandon Stakenborg, and Trevor John. Its popularity has exploded since then having not only grabbed a handful of noteworthy investors but also received stark recognition from players. Underdog’s app is user-friendly with a clean layout, earning a rating of 4.8 stars in the App Store and a slightly lower 3.8 rating on the Google Play Store.

Underdog Fantasy is different than the typical daily fantasy website. Instead of competing against sharks in salary-cap formats, Underdog levels the playing field with snake drafts.

Those drafts can cover an entire season’s worth of games – also known as best ball – or they can span just one single day. These drafts can feature just two people or as many as 12. In the biggest best ball formats, 12-team leagues are combined to create some of the largest payouts in fantasy.

Is Underdog Fantasy Legit?

The daily fantasy sports industry is filled with many operators, some of whom are less recognized when compared to big names like DraftKings and FanDuel. A few common questions up for prospective sports fans who are thinking about signing up for the Underdog Fantasy promo code: Is Underdog Fantasy legal? Is Underdog Fantasy legit?

Allow us to dispel any doubts.

Absolutely, Underdog is legit. Although Underdog Fantasy might be young, they have a sparkling reputation. In addition to the fantastic user ratings on the App Store and Google Play Store, the Underdog Fantasy team has a star-studded list of investors. They include Mark Cuban, Kevin Durant, Adam Schefter, Steve Aoki, Nas, and a host of the top names in fantasy football. The company also received a $485M valuation following its July 2022 round of fundraising.

Underdog Fantasy History

A little more about Underdog Fantasy’s genesis…

Based on data from Crunchbase, Underdog Fantasy has successfully generated $45 million in capital through Seed, Series A, and Series B funding rounds. The investor portfolio of the company is impressive, boasting names like Mark Cuban and Kevin Durant, along with substantial institutional investment from BlackRock, a renowned publicly traded company and one of the world’s leading investment firms. A relatively recent funding endeavor in July 2022 saw its Series B round raise an impressive $35 million.

This information provides insight into the solid corporate structure and financial backing of the company. However, let’s delve into our personal experience with the platform as daily fantasy sports users, best ball drafters — participating in small and large drafts — and fantasy pick’em contest fanatics.

Additionally, co-founder Jeremy Levine has an outstanding track record of building successful businesses in this industry. He was the founder of StarStreet, which was purchased by DraftKings, before moving on to DRAFT, which was acquired by FanDuel. Those prior companies have given Levine plenty of creditability in the fantasy sports space. Levine obviously has earned respect not only from his competitors and other players in the industry but also the likes of big-time investors and businessmen like Mark Cuban.

Underdog Fantasy Mobile App Review

Our team has been experiencing Underdog Fantasy contests across different sports ever since the operator joined the fantasy sports industry. We’ve both deposited and withdrawn funds without a hitch. The entire process has been smooth, and the Underdog Fantasy app puts forth arguably the best user experience as far as gaming products are concerned.

But don’t just take our word for it…

The Underdog Fantasy mobile app is among the highest-rated apps. It has an average rating of 4.3 stars across 5,000+ reviews in the Google Play Store and 100,000+ reviews in the App Store. Players cite the user-friendly interface, strong customer service team, and exciting new game types among the reasons they love Underdog Fantasy.

Is everything flawless? Naturally, it’s not. Underdog is still in its growth phase. For example, we’d appreciate it if Underdog could enhance its college football services, perhaps by including player cards with photos. However, these are minor issues.

Why We Love Underdog at Here FantasyLabs

The Underdog promo code checks off so many boxes for us and, really, anyone who likes to play fantasy sports. Not only is Underdog Fantasy legal and legit, but the Underdog Fantasy app makes best ball drafts super easy to do with just the palm of your hand.

I’ve been playing fantasy sports for almost two decades now, and Underdog best ball leagues are a genius invention that has absolutely disrupted fantasy sports, for the better.

I love the possibility of winning real money, including massive prizes, like the $3M first-place prize in the biggest Fantasy Football contest yet, Best Ball Mania IV. 

Signing up and making your first deposit is simple, and in a matter of minutes, you can start discovering what Underdog and best ball mania contests are all about as you gear up for the NFL season. With the Underdog Fantasy promo code, you can also use your bonus funds for an entry into pick’em contests or a best ball draft.

Available Fantasy Sports & Contest Types

Underdog Fantasy started out strictly as a football product, but it has since expanded into other areas. In fact, it’s hard to find a sport that isn’t currently available on Underdog Fantasy.

Open the Underdog Fantasy app to find fantasy sports such as the following:

• NFL
• NBA
• MLB
• NHL
• College Football
• College Basketball
• Golf
• Soccer
• WNBA
• Esports
• Racing
• MMA
• Boxing
• USFL
• NBA All-Star Weekend
• MLB HR Derby
• Nathan’s Famous Hot Dog Eating Contest

The contest types on the Underdog app can be split into two main categories: Drafts and Pick’em.

Underdog Fantasy Drafts

Drafts are how Underdog Fantasy initially got on the map. It includes their wildly popular Best Ball format, which allows you to draft a full season-long team with no in-season management. You draft a full roster, and your lineup is automatically optimized each week for the maximum number of possible points.

Play Underdog Fantasy to compete for some of the biggest prize pools in fantasy history. That includes the Best Ball Mania tournament, which features $10M dollars up for grabs. There are three different million-dollar payouts in that tournament, with players being able to enter for just $25.

The large best ball tournaments work by combining different 12-team leagues into a larger tournament bracket. The first 14 weeks of the NFL regular season make up Round 1. The top two finishers in each 12-team league will advance to Round 2, where they will be shuffled into 10-team groups. Round 2 will take place in NFL Week 15, and the winner of each 10-team group will advance to Round 3.

Ultimately, there will be 470 teams left at the end of the process duking it out for the big money. Everyone who advances out of Round 1 will take home at least $40, but those who make it to Round 4 will have a shot for the top prize of $2M in Week 17.

If that’s not your cup of tea, Underdog Fantasy also has other draft formats. There are simpler best ball leagues, where you compete against 11 other people and whoever has the most points at the end of Week 17 wins. There are also drafts that cover a shorter period of time, like a single Sunday Night Football contest for example.

Pick’em

If you’re not interested in competing against other users, you can compete against the house in the pick’em format. Similar to traditional sportsbooks setting player prop bets, Underdog Fantasy offers different types of picks related to player performance.

The most common picks are more/less. A specific number will be set for a player in a certain category – quarterback passing yards, point guard assists, pitcher strikeouts, etc. – and you can select whether you believe that player will achieve more or less than the listed number. These are available in a multitude of sports for a host of different players and categories.

“Rivals” are the other possible pick type. They pit two players against each other, and you have to select which player will win the head-to-head matchup. There can also be a point spread included. For example, Aaron Rodgers might be -25.5 passing yards against Kirk Cousins. That means that Rodgers would have to throw for at least 26 more yards than Cousins to ultimately win the pick.

Once you’ve selected the picks that you like, it’s time to put together your entry. The potential payout will depend on Underdog’s stats/projections and increases with the number of individual selections included in each pick (i.e. adding two picks will give you a 3x payout while adding five picks can net you 20x). The more selections you include, the bigger the upside.

Eligible States – Where Is Underdog Fantasy Legal?

Underdog Fantasy is not currently available in every US state, but it does span most of the country. Users in the following states are currently eligible to participate in fantasy drafts:

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• DC
• Florida
• Georgia
• Illinois
• Indiana
• Kansas
• Kentucky
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Nebraska
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• West Virginia
• Wisconsin
• Wyoming

Pick ’em contests are more restrictive and available in fewer states:

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• DC
• Georgia
• Illinois
• Indiana
• Kentucky
• Massachusetts
• Minnesota
• Missouri
• Nebraska
• New Mexico
• New York
• North Carolina
• North Dakota
• Oklahoma
• Oregon
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• West Virginia
• Wisconsin
• Wyoming

Even if your state is legal for daily fantasy sports and Underdog Fantasy, local regulations may impact your play. For instance, some states don’t permit users to participate in pick’em contests if college athletes are involved.

Underdog is constantly working on further approval across the United States, so make sure to follow their Twitter account for any updates.

Underdog Fantasy Payment Options

Explore payment options for Underdog Fantasy below:

How to Deposit Funds

The first step to depositing funds is making sure that you’ve created an Underdog Fantasy account. Once you’re logged into your account, the process for depositing funds is simple:

1. On the top right-hand side – located directly to the left of “Account” if you’re on your computer – you will see your wallet.
2. Click on your wallet to visit the deposit screen.
3. Choose the amount you’re looking to add to your account and the funding method.
4. Click the submit button, and your account will be funded almost instantaneously.

The current payment methods for Underdog Fantasy include PayPal and credit card (Visa, Mastercard, American Express, and Discover).

How to Withdraw Funds

To make a withdrawal, you’ll need to click on the “Account” button as opposed to your wallet. Once you’re inside your account settings, you can find the withdrawal section on the left side of the page.

Withdrawals on Underdog Fantasy are always free, and the minimum withdrawal amount is $10. The only exception is if your account has less than $10 in it, in which case, the user can withdraw whatever remains in their account.

The only funds that are not withdrawable are bonuses that haven’t been fully played through. Those will show up in your account balance as “bonus cash.” Once the bonuses have been played through, they will move into the “withdrawable cash” section.

Withdrawals are initially credited back to the initial deposit source whenever possible. Any remaining difference will then be paid out to the user’s selected withdrawal method.

Current withdrawal methods include PayPal and Interchecks.

Is There an Underdog Sportsbook?

Yes, the operator’s sportsbook product, Underdog Sports, launched in March 2024 in North Carolina. Having applied for sports betting licenses in Colorado and Ohio, Underdog is expected to continue its foray into legal sports betting in other states.

That’s great news for those who are signed up on Underdog Fantasy. New sports betting websites typically mean new promotions, and there will likely be plenty of those available for Underdog users. That can include deposit bonuses, promo codes, odds boosts, and more.

Underdog Customer Service Review

Underdog Fantasy features some of the best customer service in the fantasy industry. There are thousands of satisfied users, which is why the app is rated so favorably in the App Store and the Google Play Store.

Positive reviews cite Underdog’s fast and friendly customer support, user-friendly interface, and fast withdrawal turnarounds.

Underdog Fantasy Promo Rating

Underdog Fantasy might be the new kid on the fantasy streets, but they are quickly making a name for themselves. Their best ball format offers some of the largest payouts in the industry, while the pick’em format makes it easy for anyone to get involved.

Overall, the Underdog Fantasy app has a rating of 4.3, and I would give the deposit bonus a rating of 4.8. The Underdog Fantasy signup bonus competes well with others like the DraftKings promo code, as it’s easy to forgive the fact that the Underdog bonus isn’t a 100% match once you consider the low wagering requirements and special pick tossed in.

Underdog Fantasy FAQ

Learn about Underdog Fantasy, its promo code, and more via these FAQs:

What is the best Underdog promo code?

The promo code LABS will get you a 50% deposit bonus of up to $250 in bonus cash plus a special pick. Not only is that the best deposit promo on Underdog, but it’s also one of the best promos in the fantasy industry.

Where is Underdog legal?

Underdog Fantasy is currently legal in 40 states plus Washington, D.C. The availability of pick ’em and fantasy drafts varies by state.

Does Underdog have a sportsbook?

Yes, its sportsbook product Underdog Sports is currently only available in North Carolina. With sports betting licenses in Colorado and Ohio and aspirations to expand, expect more states to get the sportsbook in the near future. In the interim, those who are interested in player performance should check out the pick’em format on Underdog Fantasy. The squares are similar to player props at sportsbooks and can be combined for greater payouts.

How do I deposit on the Underdog app?

Depositing on the Underdog app is really easy. Just click on the wallet, choose the amount you want to deposit, and select your deposit method. If it’s your first time depositing, make sure to enter the Underdog Fantasy promo code LABS to take advantage of the deposit bonus.

How quick are Underdog Fantasy drafts?

Underdog offers two different speeds for their drafts: fast and slow. Fast drafts feature a 30-second timer per pick, so drafts are completed really quickly. In an 18-round football draft, the draft will take a maximum of 108 minutes. In reality, most drafts will likely be completed in less than an hour. They’re perfect if you’re sitting around and looking to bang out a draft quickly. Slow drafts replace the 30-second timer with an eight-hour timer. That means the drafts will be completed over the course of multiple days or weeks. They’re the solution for those looking to draft leisurely or looking to draft as many teams as possible.

How fast does Underdog payout?

Underdog Fantasy pays out winnings exceptionally quickly. It usually takes around 20-30 minutes after all the games in your Draft or Pick’em contests are completed. If you’re looking to withdraw funds, it usually takes around 2-3 business days.