Underdog Predict Sports Trading Guide 2026: How to Trade Sports Events

Underdog Predict sports prediction markets let you trade Yes/No event contracts that are tied to the outcomes of future sports events. The markets covered include game winners, totals, spreads, and player props. If your predictions are correct, your contracts settle at $1.00 each. If you’re incorrect, they settle at $0.00.

How Underdog Prediction Picks work for sports

The “Team Picks” or “Underdog Prediction Picks” are sports prediction markets where you can buy and sell event contracts that are tied to real-life future outcomes of sports games. Underdog Predict, also known as UDX, is a CFTC-regulated financial exchange, and the event contracts are financial instruments.

As we explained at the top of the page and in our Underdog Predict review, the outcomes that you can trade on include game winners, as well as totals and spread markets. Additionally, you can find team and player props prediction markets related to performance stats like points scored and yards thrown.

Pros and cons

• Real-life outcomes like game winners and player props
• Available in most US states
• Transparent prices and probabilities

• High risk of losing money

Underdog Predict event contracts explained

The event contracts are the tradable financial instruments that are tethered to all the potential outcomes of the relevant sports prediction markets. They mostly come in the form of “Yes” and “No” answers to the proposed market, and cost between $0.01 and $0.99 in the lead-up to the sports event.

The price of the event contracts is a transparent reflection of the real-time market probability. In other words, if the price of a Broncos win on Underdog Predict in Colorado is $0.60, it means that they have a 60% chance of winning according to the market.

How sports event contracts pay out on Underdog Predict

Once the sports event has taken place, the prediction market is resolved, and your event contracts will settle in one of two ways:

✅ Your prediction is correct – Your event contracts each settle at $1.00, giving you a profit.

❌ Your prediction is incorrect – Your event contracts each settle at $0.00, meaning that you lose your entire outlay.

Trading derivatives involves risk and may not be appropriate for all. For more information visit: https://www.nadex.com/rules and https://underdogfantasy.com/rules. For Crypto.com Predictions, the term “pick” refers to a product traded on CDNA. 

Example of Underdog Predict Team Picks

Using an NBA example, we found that when accessing Underdog Predict in Florida, here is an example of how the “Team Picks” look for a basketball game on the app:

As we explained earlier, the percentage figure shows you the price of the event contract. In the case of the game winner market, “Heat: Yes” event contracts would cost $0.63 each (63%).

Underdog sports prediction market fees

The starting fee for buying and selling all event contracts on Underdog Predict is $0.01 per contract. After that, the following fees may apply, depending on whether the market is provided by UDX (the house exchange) or a third party, like Kalshi.

If the prediction market is from a third party, the source’s fee structure will apply. For native UDX markets, this is how the taker and maker fees are calculated:

• UDX taker fees: 0.07 x number of contracts x contract price
• UDX maker fees: 0.0175  x number of contracts x contract price x (1 – contract price)

Example of how to calculate fees

Using Heat: yes contracts from the example above at $0.63, here’s how you would calculate the fees for 100 contracts:

• Taker fees: 0.07 x 100 x $0.63 = $4.41 per 100 contracts  ($5.41 including commission at $0.01 per contract)
• Maker fees: 0.0175  x 100 x $0.63 x (1 – $0.63 = $0.37) = $0.40 per 100 contracts ($1.40 including commission at $0.01 per contract)

Where are Underdog Predict sports event contracts available?

There are 21 Underdog Predict legal states where verified users aged 18+ can buy and sell event contracts. Additionally, the prediction markets are also available to traders in Washington, D.C.

You must be physically located in an available state with your GPS enabled and any VPNs or proxies switched off. This applies regardless of your verified residential address.

Unavailable Underdog Predict states

Underdog’s sports prediction markets are unavailable in the following 30 states:

• Arkansas
• Arizona
• Colorado
• Connecticut
• Delaware
• Hawaii
• Iowa
• Idaho
• Illinois
• Indiana
• Kentucky
• Louisiana
• Massachusetts
• Maryland
• Maine
• Michigan
• Missouri
• Mississippi
• Montana
• North Carolina
• New Hampshire
• New Jersey
• Nevada
• New York
• Ohio
• Pennsylvania
• Tennessee
• Utah
• Washington
• West Virginia

Trade sports event contracts with ease

Explore a variety of financial markets at Underdog Predict

Getting started – How to sign up for Underdog Predict

This is how you can sign up for Underdog Predict in Virginia or any of the other available states:

1. Click one of the promotional banners on this page to reach the Underdog website

2. Enter your email address, then create a username and password

3. Enter your full name, address, date of birth, phone number, and SSN

4. Upload your photo ID documents and a live selfie

5. Complete the financial suitability questionnaire with details of your profession, income, and trading experience

6. Deposit funds and trade event contracts for future sports events

Underdog Predict sports “Team Picks – Summary and conclusion

In conclusion, Underdog Predict allows you to trade prediction markets through event contracts. These contracts are tied to the possible outcomes of a sports event and cost between $0.01 and $0.99 at the time of purchase. Once the event is over, the contracts will settle at $1.00 each if correct, and $0.00 if incorrect.

As with all sports prediction markets, there’s a high risk of losing money on Underdog Predict, so consider this before you sign up. If you’re in an available state, you can sign up via the banners on this page.

Underdog Predict Sports FAQ