The term UNFANCIED COMPETITOR can be summarized as an UNDERDOG, which is an 8 letter word. An UNDERDOG is a competitor or team that is not expected to win a competition or game due to their lack of resources or perceived inferiority. This term is often used in sports to refer to teams or players who are not favored to win, but still have a chance of success. It can also be used in other contexts, such as business or politics, to refer to someone or something that is not expected to succeed.