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Prediction Picks Overview

Updated this week

Prediction Picks allow customers to buy and sell event contracts (also known as shares or positions) based on the outcome of real-world events, such as "Bills to win" or “Chiefs to win”.

Event contracts can also be purchased for “yes or no” real-world outcomes such as “will Josh Allen rush for more than one touchdown in the game?”

Contracts

An event contract is purchased based on the buyer's prediction of an outcome. Using the example of “Bills to win”, a buyer predicting the Bills will win can purchase a “Bills to win”” contract.

If the Bills win, the buyer will be paid for each “Bills to win” contract they’ve purchased (i.e., correct prediction). If the Bills do not win, they will not receive any payment (i.e., incorrect prediction). Buyers may purchase multiple contracts for the same event prediction.

Contract pricing

Contract prices are based on the outcome’s probability. For example, if the Bills have a 70% chance to win, the price of a ‘Bills to win’ contract would be $0.70 (additional fees may apply).

Payouts

Once settled, contracts are typically paid-out at $1 each if the buyer’s predicted outcome occurs, $0 if not. If the prediction is correct, the net proceeds are the difference between $1 and what was paid for the contract (plus applicable fees). If the prediction is incorrect, there is no payout and the amount paid for the contract (plus applicable fees) is lost.

Correct prediction example (values for illustrative purposes only)

Entry: 5 contracts for “Bills to win” @ $0.70 ea + $0.10 exchange fee = $3.60

Payout (Bills win): 5 contracts @ $1 ea = $5

Proceeds (net): $5 - $3.60 = $1.40

Incorrect prediction example (values for illustrative purposes only)

Entry: 5 contracts for “Bills to win” @ $0.70 ea + $0.10 exchange fee = $3.60

Payout (Bills lose): 5 contracts @ $0 ea = $0

Losses (net): -$3.60 (cost of entry)

A contract must have been purchased prior to the event in order to be eligible for payout.

Payout processing times

Payouts may take up to 24 hours to process once settled. Please allow up to 24 hours to receive your payout for correct predictions.

Accessing Underdog Predict

If you are in an eligible state, you can access the Crypto.com | Derivatives North America exchange powered by Underdog Predict via the Underdog app.

FAQs

Which sports are available for predictions?

Currently, NFL, CFB, and MLB events are available for predictions.

Which payment methods can be used?

Currently, only debit cards (including Apple Pay) and Trustly payment methods can be used for prediction markets.

Do I have to participate in prediction markets?

Predictions are available to all customers located in eligible markets, but participation in prediction markets is not required.

How do odds/multipliers work?

Instead of odds or multipliers, prediction markets operate on price-based contracts using the probability of the outcome. For example, a contract priced at $0.63 implies a 63% probability of that outcome happening.

What are combos?

Combo entries consist of a prediction market contract + 2 or more Fantasy picks (up to 8 additional Fantasy picks.)

How are combo entry costs/fees distributed?

For a combo entry, the majority of the entry fee is used to purchase the event contract(s), with 10% allocated to the Fantasy pick. Example: If you place $10 on a combo entry, $1 is allocated to your Fantasy entry.

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