Sites like Underdog Fantasy are becoming more popular — and for good reason. Underdog offers sports fans a new way to find unique positive expected value (+EV) while giving players a legal entertainment option in states where sports betting is not yet legal. The recent arrival of great new options is exciting, but it has people asking if Underdog Fantasy, especially their pick’em contests and free squares, are legit. Luckily, the answer is a resounding yes — but new users should get acclimated with the nuances of Underdog Fantasy and the way they meld pick’em contests with daily fantasy sports.
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Underdog Fantasy Pick’em: Is it Legit?
Underdog Fantasy Pick’em: Is it Legit?
The first thing that comes to mind for sharp people when considering whether to register at a new sports gaming platform is if they can withdraw when they want to. That won’t be a problem at Underdog Fantasy, which has secured its legitimacy with healthy doses of funding from investors. They recently received $35 million from investors, including the venture capital firm BlackRock. Underdog was valued at $485 million in the funding round. How’s that for legit?
According to Crunchbase, a site that offers a basic overview of tech businesses, Underdog Fantasy has 51-100 employees. The Brooklyn-based fantasy startup is onto its Series B round of funding.
Even famous investors have taken notice of Underdog. 35 Ventures, an investment firm that includes Kevin Durant and Mark Cuban, is another large investor in the platform. The firm invested in Underdog as part of a $10 million funding round in 2022.
While Underdog has its nuances, it also built in a lot of continuity with other pick’em sites. Users choose the over or under for player statistics to build a DFS card with their choices. The more choices you get right, the larger the payout.
However, those payouts can vary a bit, and there’s some math you can use to determine the best spots. Our team of data analysts broke down exactly how to play, and win on Underdog — especially by taking advantage of their free squares.
Unlike other pick’em platforms like PrizePicks or Sleeper, Underdog has a wide range of games to keep their contests liquid. They are best known as a leading platform for Best Ball tournaments. If you haven’t checked out best ball, it’s one of the fastest-growing fantasy football games in the industry.
Whether you’re focusing on Underdog’s best ball leagues and their huge prize pools or gearing up to win their pick’em contests, Portfolio EV has the tools that you’ll need to make an impact. Subscribe to our Portfolio EV market-based betting model to find an edge on almost every sport. It looks at the sharpest sportsbooks to find the right odds for the bet, then tells users which books are off.
Subscribers to Portfolio EV get access to the Underdog Parlay Builder, which allows you to combine up to five bets to build plays with positive expected value. Check out if Underdog is legal in your state and start taking advantage!
