VIP/Rewards Grade: 2/5 Summary: Underdog does not have a large rewards program, but does use Site Credit which is more valuable than Bonus Bets.
Updated: Nov 22, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
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What To Know
Underdog is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
Underdog is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
Underdog follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
Underdog is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
Underdog is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
In some states Underdog operates as a betting exchange, and others they operate as a sportsbook. In both situations Underdog will not limit bettors.
Underdog is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
Underdog is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
Underdog is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
Underdog has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
Underdog has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
Underdog seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from Underdog as much as possible.
Underdog has an average MLB vig of 4.66%. Underdog MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
Underdog averages -155.4 for MLB favorites which is about the same as popular sportsbooks (-155.0). Underdog is worse than sharp sportsbooks which have an average of -147.6.
The average Underdog MLB odds on underdogs is 128.3 which is marginally worse popular sportsbooks (130.1). Underdog is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
None.
Unique Terminology
First Bet Mulligan: Second Chance Bet
Signup Offers
$100 Deposit Match
100% Deposit Match in Site Credit up to $100 on a $100 deposit
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
Underdog started as a fantasy sports company in 2020. In 2024 they launched a sportsbook operation starting with North Carolina on March 11th.
Updated: Nov 22, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
Underdog has an average MLB vig of 4.66%. Underdog MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
Underdog averages -155.4 for MLB favorites which is about the same as popular sportsbooks (-155.0). Underdog is worse than sharp sportsbooks which have an average of -147.6.
The average Underdog MLB odds on underdogs is 128.3 which is marginally worse popular sportsbooks (130.1). Underdog is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
