Underdog Fantasy Sports

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Underdog Fantasy Sports is an online daily fantasy sports website and mobile app.[1] Founded in 2020, its investors include Mark Cuban, Jared Goff, Kevin Durant, and Adam Schefter. Since the launch of the app in 2020, the company has a 485 million dollar valuation.[2][3]

Best Ball[edit]

"Best ball" is a season-long, weekly long, and daily fantasy format, in which the user drafts a team, but there are no managerial moves that the user can make. Once rosters are drafted, they cannot be interfered with. Points are given based on player performance and the highest scoring players are counted towards the users score.[4]

Pick'em[edit]

"Pick'em" is a mode where players will build a parlay with player props. Players will select over or under on a specific players stat and if they get all the picks correct, they win large multiplied payouts. This mode is offered for MLB, NBA, NHL, NFL, CBB, CFB, PGA, Tennis, UFC, F1, FIFA and esports.[4] The payouts for pick'em are 3-1 for two picks, 6-1 for three picks, 10-1 for four picks, and 20-1 for five picks.[4]

Legal status[edit]

Underdog is legal for playing best ball and pick'em contests in 31 U.S. states. Only the best ball mode is offered in nine of the states and the app is not yet legal in Connecticut, Delaware, Hawaii, Idaho, Iowa, Louisiana, Michigan, Montana, Nevada, Washington.[5]

References[edit]

  1. ^ Lammey, Mark (2024-02-10). "Underdog Fantasy Review: Complete Guide for 2024". FanNation. Retrieved 2024-03-19.
  2. ^ "Underdog Fantasy Raises $10 Million From Kevin Durant, Mark Cuban, Jared Goff and Others". www.sportsbusinessjournal.com. 2021-05-03. Retrieved 2024-03-19.
  3. ^ "How Did Underdog Fantasy Dodge Sinking US Sports Betting Valuations?".
  4. ^ a b c "Everything you need to know about Underdog Fantasy". fantasylife.com. Retrieved 2024-03-19.
  5. ^ "UnderDog Fantasy States | Where Can You Play in March, 2024?". Against The Spread Betting Information, News, Sportsbook Reviews - ATS.io. Retrieved 2024-03-19.