Underdogs is the second full-length studio album by the Canadian alternative rock group Matthew Good Band, released in 1997.

[3] In a 2000 poll by music magazine Chart, Underdogs was voted the 18th Greatest Canadian album of all time.

[4] In December 1996, Matthew Good Band signed a two-album deal with Private Music.

In mid-January, on the first day of pre-production for Underdogs, the group was notified that BMG Entertainment North America was merging Private Music into Windham Hill/High Street Records, putting a halt to the production of the album.

By March 2003, the album had sold 200,000 units in Canada,[8] achieving Double Platinum status.