Mulligan (Welcome Offer) Terms and Conditions

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First Bet Mulligan - Get First Bet Back as a Bonus If Loss Up To $1,000

TERMS & CONDITIONS

1. Description of Promotion

Eligible Participants who place their first real money wager will receive a Bonus available for use only on the Underdog Sports app equal to the amount of that wager, up to One Thousand Dollars ($1,000) (or greater, by invitation only), if that wager loses.

The Promotion is sponsored by Underdog Sports Wagering, LLC (“Underdog” or the “Sponsor”). Redemption of the Promotion is expressly conditioned upon acceptance of and compliance with all of these Promotion “Terms and Conditions”. Promotion participants may be required to sign paperwork issued by the Sponsor.

Only available to first time Underdog Sports customers who have never previously made a deposit into their Underdog Sports account.

One (1) qualifying bet per customer.

2. Promotion Period

The Promotion will begin when Underdog takes the first wager in North Carolina and ends at 11:59 PM Eastern Time (ET) on December 31, 2024 (the “Promotion Period”).

3. Eligibility

The Promotion is only open to individuals who are (i) at least 21 years of age; (ii) physically present in North Carolina; and (iii) not in any self exclusion program during the Promotion Period. If your social security number is associated with more than one Underdog Account in the Sponsor's database, you may only earn one Bonus under this Promotion. Employees, officers and directors of the Sponsor, their parent companies, and each of their respective affiliates, subsidiaries, cable/satellite affiliates, advertising and promotion agencies, retailers, distributors, and each of such employees’, officers’ and directors’ immediate family members and/or those living in the same household (whether legally related or not) of each are not eligible to participate in the Promotion or receive a Promotion Bonus. Additionally, Underdog reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. The invitation to participate in this Promotion is not transferable. If you were not directly invited to participate in this Promotion by the Sponsor, you are not eligible to participate in this Promotion or earn any Promotion Bonus.

4. Action Required

Place your first real money wager of any type using your Underdog Account on the Underdog Sports (“Eligible Wager”). The Eligible Wager must be your first real money wager placed using your Underdog Sports Account.

5. Claiming Promotion Offer

In the event your Eligible Wager loses, you will receive a Bonus equal to the amount of your losing Eligible Wager, up to a maximum of One Thousand Dollars ($1,000) (“Promotion Bonus”). If your Eligible Wager wins, you will not receive any Promotion Bonus. The Promotion Bonus will be credited to your Account within 72 hours of bet settlement. The maximum Promotion Bonus is One Thousand Dollars ($1,000) (or greater, by invitation only). Promotion Bonus recipients will be solely responsible for all federal, state, and local taxes, and for any other fees or costs associated with the Promotion Bonus received, regardless of whether the Promotion Bonus, in whole or in part, is used. The Promotion Bonus value may be reported for tax purposes as required by law.

6. Registration Procedures

To qualify for the Promotion, eligible individuals must have an active Underdog Sports account (“Underdog Account”). Underdog will verify each individual’s identity as part of the registration process. Creating an Underdog Account is free. By submitting your information and creating an Underdog Account, however, participants will be required to agree to the Underdog's Terms and Privacy Policy. If you do not agree to Underdog’s Terms and Privacy Policy, you cannot create an Underdog Account or participate in this Promotion.

7. Limitations on Participation

In addition to the Eligibility Requirements in Section 3, Underdog reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. This Promotion is void where prohibited by law. One (1) Eligible Wager per participant. Only the first Eligible Wager will count for purposes of determining the Promotion Bonus. One (1) Promotion Bonus per participant.

8. Wagering Requirements

If your Eligible Wager wins, you will not receive any Promotion Bonus. If your Eligible Wager voids, pushes or is cancelled, the next wager placed after settlement of your initial Eligible Wager will be eligible for the Promotion Bonus so long as such Eligible Wager loses. If your Eligible Wager loses, you will receive the Promotion Bonus in site credit equal to the amount of your losing Eligible Wager, up to a maximum of One Thousand Dollars ($1,000). Any wager placed after the expiration of the Promotion Period will not be deemed an Eligible Wager.

9. Order of Funds Used for Wagering

Bonuses are used before deposited funds when wagering. A bet cannot be funded using two Bonuses simultaneously. A bet will be funded by your bonus that expires soonest unless the stake is greater than that bonus. In this case, the bonus with the highest value will be used to fund the bet.

10. Bets funded with Bonus Funds: Minimum Odds & Payout

Bonus funds must be wagered at minimum odds of -200 (1.50x). For example, wagering bonus funds at -300 (1.33x) is not permitted. With Bonus Funds, the stake is not returned in the payout. Only the winnings are returned in the payout. For example, a $10 bet with bonus funds on a winning -100 (2.00x) selection would return $10 as the payout.

11. Bonus Funds’ Expiration

Unless otherwise stated, any unused Bonus funds will be withdrawn from your Account 14 days after being credited.

12. Restrictions on Withdrawal

Bonuses are non-withdrawable. Bonuses must be wagered x1 before withdrawal. The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole discretion. Any unused portion of a Bonus will be automatically withdrawn from your Underdog Account 14 days after you have received your invitation from Sponsor to participate in this Promotion.

13. Cancellation

Should you wish to cancel your participation in this Promotion at any time, please contact customer support at support@underdogsports.com. Upon cancellation, you may withdraw any funds you have deposited into your account without restriction. However, any  Bonus amount in your account is non-withdrawable.

14. Gambling Problem

Must be 21+ and present in a state where Underdog Sports Wagering, LLC operates. Terms apply. Gambling Problem? Call 1-800-GAMBLER or visit www.ncpgambling.org NC: Call 877-718-5543 or visit morethanagame.nc.gov

Underdog offers the options to set responsible limits. If, at any point, you think you are depositing too much money, placing too many wagers, or spending too much on sports wagering, you have the option of setting responsible gaming limits. Setting responsible gaming limits allows you to still play, however, within the parameters that you set for yourself. Underdog also provides customers the ability to self-exclude directly from the product. Underdog offers exclusion periods of one (1) year, three (3) years, five (5) years, and ten (10) years. You may also terminate your Account at any time. If you require assistance, please contact our Customer Support Department by emailing support@underdogsports.com

15. Additional Terms

Administration: The Sponsor expressly reserves the right to amend, suspend or terminate this Promotion at any time without prior notice or consent. Administration of this Promotion is at the sole discretion of the Sponsor. Sponsor reserves the right to restrict at any time any Underdog Account holder from participating in this Promotion for any reason. Any questions relating to eligibility, these Terms and Conditions or any other questions concerning this Promotion will be resolved at the sole discretion of the Sponsor and its decisions will be final and binding with respect thereto. No groups, clubs, corporations, companies, partnerships, or organizations may participate in this Promotion or reproduce or distribute any portion of these Terms and Conditions to their members.

Release and Waiver of Liability: By redeeming this Promotion, participants agree to release, defend, indemnify and hold harmless the Sponsor, its affiliates, gaming license partners, advertising and promotion agencies, directors, officers, employees, representatives and agents from and against any and all liability claims or actions of any kind whatsoever (however named or described) for injuries, death, damages or losses to persons and property which may be sustained in connection with: (i) your participation in the Promotion; and (ii) the receipt, use or misuse of the Promotion Bonus, or while preparing for, participating in, and/or traveling to any Promotion-related activity, including those damages caused by the Sponsor’s own negligence. The Sponsor expressly disclaims any responsibility or liability for injury or loss to any person or property relating to the delivery and/or subsequent use or misuse of the Promotion Bonus. In consideration of the Promotion Bonus, each individual hereby agrees and consents, without further authorization, compensation or remuneration of any kind, to the use of such individual’s name, photograph, likeness (including his/her voice), biographical information and statements concerning the Promotion, in any and all advertising, promotions and other publicity conducted by the Sponsor and its affiliates.

Governing Law: The parties agree that these Terms of Use and the rights of the parties regarding the Services and the relationship of the parties shall be governed by and construed in accordance with the laws of the State of North Carolina, which shall apply without regard to principles of conflicts of law.

Dispute Resolution:

You agree that any claim or dispute that has arisen or may arise relating in any way to or arising out of the Promotion, or these Terms will be resolved in accordance with the dispute resolution provisions set forth in the “Binding arbitration agreement and class action waiver agreement” Section of the Underdog Terms of Use. This Section of the Underdog Terms of Use requires you to resolve disputes by binding arbitration and you agree to waive the ability to bring claims in a class action format.

LIMITATION OF LIABILITY:

TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, THE SPONSOR SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, ECONOMIC, EXEMPLARY, PUNITIVE OR OTHER DAMAGES UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY ARISING OUT OF OR RELATING IN ANY WAY, DIRECTLY OR INDIRECTLY, TO REDEMPTION OF THE PROMOTION, EVEN IF FORESEEABLE OR EVEN IF THE SPONSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Miscellaneous:

No waiver of any of the provisions of these Terms and Conditions shall be deemed or shall constitute a waiver of any other provisions hereof, nor shall waiver constitute a continuing waiver unless otherwise expressly provided. If any provision of these Terms and Conditions is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of these Terms and Conditions, which will otherwise remain in full force and effect.