Best March Madness Betting Promos in 2024

Last updated March 11, 2024

Get ready to elevate your March Madness betting experience with the most enticing sportsbook promos in this comprehensive guide to the best March Madness betting promos for 2024. From exclusive bonuses to unbeatable odds, we've scoured the market to bring you top-tier promotions that will make your betting journey both thrilling and rewarding this season. Stay ahead of the game and maximize your winnings with our expert insights into this year's most lucrative betting opportunities.

Let's have a look at what top-rated online sportsbooks have to offer:

SportsbookPromotionPromo Code
DraftKings
Bet $5, Get $150 Instantly
& Get a No Sweat NBA SGP Every Day of NBA Playoffs
NONE NEEDED - Use link
Bet365
Bet $5 and Get $150 in Bonus BetsSQOREBONUS
BetMGM
Up to $1,500 in Bonus Bets
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
SQOREBET
Caesars
$1,000 First Bet on CaesarsSMARTPLAY1000
FanDuel
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
$200 In North Carolina, $300 in Ohio & Massachusetts
NONE NEEDED - Use link

Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY
Call 877-8-HOPENY or text HOPENY (467369) (NY), Call 1-800-327-5050 (MA), 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). 

Best March Madness Bets & Sportsbooks

Betting on March Madness is one of the pinnacles for all sports bettors and sportsbooks. Below you will get access to the best MM picks for today and the best sportsbook bonuses to combine those best with:

Bet365 Sportsbook

Bet365 Sportsbook is bringing one of the most exciting offers for the NCAA tournament! The Bet365 bet and get bonus bets is one of the best we could stumble upon so be sure to take full advantage. The promo is precisely as it is described. Follow the link and make your first deposit of $10 or more. Make your first bet for just $5 or more and get credited with bonus bets, win or lose! Again, do not moss out on this high end promo offer. 

  1. Sign-Up: You need to create a new account with Bet365.
  2. Qualifying Bet: Place your first bet of at least $5 on any sports market at the odds specified in the offer's terms and conditions.
  3. Receive Bonus Bets: Once your qualifying bet is settled, Bet365 credits your account with $150 in bet credits.
  4. Using Bonus Bets: You can use these bonus credits to place additional bets without risking your own money. However, you won't receive the stake back with any winnings from bets placed with bet credits.
  5. Wagering Requirements: Check if there are any wagering requirements or restrictions on how you can use the bonus bets, such as specific sports or events.
  6. Expiration: Bet credits often come with an expiration date, so make sure to use them before they expire.
🎁 First Bet Bonus Promo Offer:Bet $5 Get $150 in Bonus Bets 
or
First Bet Safety Net up to $1000
🎁 Weekly Parlay Bonus: Bet $20 Get $25
🎁 Promo Code:SQOREBONUS for  AZ, CO, LA, NC, NJ & VA
or
SQOREPROMO for IA, OH & KY
🇺🇸 Available in:AZ, CO, IA, KY, LA, NC, NJ, OH & VA 
💰 Minimum deposit:$10
🔢 Minimum Odds-500 or greater
🗓️ Days to claim promo after registration:30 days
🗓️ Days to use bet credits:7 days
Promo Rating5/5

GAMBLING PROBLEM? CALL 1-800-GAMBLER (CO, KY, LA, NC, NJ, OH, VA) or 1-800-BETS OFF (IA) or 1-800-9-WITH-IT (IN) or 1-800-NEXT-STEP (AZ).  21+ only (18+ in KY).  Must be present in AZ/CO/IA/KY/LA (select parishes)/NC/NJ/OH/VA.

Bet $5 and Get $150 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply.

DraftKings Sportsbook First Bet March Madness Offer

At DraftKings Sportsbook, new customers can claim a first bet offer. This promotion provides a safety net for new users by offering bonus bets if their initial wager doesn't win, allowing them to engage with the platform further without an immediate risk to their funds.

The DraftKings No Sweat First Bet up to $1000 bonus works as follows:

  1. Sign Up: Create a new DraftKings account.
  2. Deposit: Add funds to your account. Ensure your deposit meets the minimum requirement for the promotion.
  3. Place Your First Bet: Make your first bet on any qualifying market or sporting event offered by DraftKings.
  4. No Sweat Bet: If your first bet loses, DraftKings will match the amount of your losing wager in the form of bonus bets, up to a maximum of $1000.
  5. Receive Bonus Bets: The bonus bets will be credited to your account after the settlement of your first bet.
  6. Use Bonus Bets: You can utilize these bonus bets to place additional wagers within DraftKings' sportsbook on various sports and events.

Caesars Sportsbook

March Madness action gets very exciting at Caesars Sportsbook. There, bettors can get their first bet on Caesars. That means bettors can place their first bet on this year's NCAA Tournament. Should that bet fall short, bettors will get their money back in bonus bets, so they can try again to pick a winner during the tourney.

  1. Sign Up: Create a new account with Caesars Sportsbook.
  2. Deposit: Make a deposit into your account. The deposit should meet the minimum amount required to qualify for the bonus.
  3. Place Your First Bet: Make your initial bet on any qualifying event or market available on Caesars Sportsbook.
  4. First Bet Offer: If your first bet does not win, Caesars will credit your account with bonus bets equal to the amount of your losing wager, up to $1000.
  5. Receive Bonus Bets: The bonus bets will be added to your account after your first bet is settled.
  6. Utilize Bonus Bets: You can use these bonus bets to place further wagers on different sports or events offered by Caesars.
🎁 Bonus Promo Offer:$1,000 First Bet on Caesars
✅ Caesars Promo CodeSMARTPLAY1000
🇺🇸 Available in:Must be 21 or older and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NJ, NY, NC, OH, PA, TN, VA, WV, or WY
🗓️ Bonus TermsNew users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms.
Promo Rating5/5

FanDuel Sportsbook

FanDuel Sportsbook has a first bet offer for March Madness. The Bet 5 Get 150 bonus is a promotional offer where users can place a $5 bet and receive $150 in bonus bets. When participants wager at least $5 on a qualifying sporting event or market, they are credited with $150 in bonus bets regardless of the outcome of their initial wager. These bonus bets can then be used to place additional bets on various sports and events offered by FanDuel. It's important for users to read the specific terms and conditions, as these will detail any wagering requirements, eligible markets, and the validity period of the bonus bets.

  1. Sign Up: Create a new account with FanDuel.
  2. Deposit: Add at least $5 to your account to be eligible for the promotion.
  3. Place a Bet: Wager $5 on any qualifying sports market offered by FanDuel.
  4. Receive Bonus Bets: After your $5 bet is settled, FanDuel will credit your account with $150 in bonus bets.
  5. Use Bonus Bets: You can use these bonus bets to place additional wagers on different sports or events available on FanDuel.
🎁 Bonus Promo Offer:Bet $5 Get $200 in Bonus Bets if Your Bet Wins (Bet $5 Get $300 in OH and MA)
🌞 Summer Promotion:Get A Daily Boost or Bonus All Summer Long
🇺🇸 Available in:All Legal US States
💰 Minimum deposit:$10
🗓️ Days to use bet credits:14 days
Promo Rating5/5

How basketball odds work

Basketball odds function in the same way they do in most other sports. When sportsbooks determine College Basketball odds, they keep the general public in mind and assign probabilities based on a variety of parameters.

The odds tell you how much you may expect to win if you place a specific wager. For instance, if you bet on a team with odds of +110, you stand a chance of winning $110 for every $100 wagered. However, if the odds are -110, your projected winnings are $100 for every $110 wagered. The proportion does not change no matter how large or small the bet.

Betting markets

The advantage of betting at regulated US sportsbooks is that they offer a diverse choice of betting markets and alternatives. In addition, they provide fantastic benefits and promotions such as welcome bonuses, bonus bets, and loyalty prizes. We will go over some of the betting markets accessible in college basketball below.

Moneyline

The most popular betting option offered in college basketball tournaments is the moneyline bet, in which you simply place your money on a specific team to win the game.

Point Spreads

Point spreads are another college basketball betting market available at top sportsbooks. To balance out the chances of each team to win a game, handicappers offer a team a positive or negative handicap to level the playing field. Bettors are then tasked with picking which team will have a higher score after that handicap is applied.

Totals (Over/Under)

The totals, or over/under, betting option is available at most top sportsbooks in the United States, including those we suggest. With this market, you are betting on the total amount of points that will be scored in a game. You can bet that the number of points scored will be less than or greater than a certain value set by the sportsbook.

Proposition Bets

This is a one-of-a-kind wager that has nothing to do with the result of the game. Prop bets are an excellent option for knowledgeable bettors since it allows them to forecast occurrences in a college basketball game without having to worry about the score itself, such as how many points a player will score.

Parlay Bets

Parlays let bettors risk a small amount to potentially win a large amount. With parlays, bettors make multiple selections and combine them into one ticket. For the parlay to win, bettors need every leg of it to win. If even one leg of a parlay loses, the whole thing is graded a loss. This is why the odds for parlays can be so long, as one wrong move tears the whole thing down.

Teasers

Teasers are bets that are comparable to parlay bets. However, one notable distinction between these two betting choices is that teasers allow users to tailor the point spread or total to their liking. As a result, teasers also have lower odds than parlays.

Thing to consider when betting on college basketball

When betting on any NCAA Tournament game or outright market, users must take a few things into account. Here are some of these variables bettors should consider and how they may affect your forecasting of college basketball tournament action.

Current form

Examine the current performance levels of a college basketball team on which you want to bet. A team that is peaking going into the tournament could be dangerous to their competition, but they could also be overvalued in the betting markets. Conversely, a team that has hit a rough patch right before March Madness may be worth avoiding when placing bets.

Coaching

Coaching is so important in college basketball, as coaches are called upon to guide the relatively inexperienced players at the college level. Brilliant college basketball minds like Tom Izzo or Bill Self can really elevate talented teams to a championship level.

Past performances

Bettors should look at how a program has performed throughout the season as a whole, along with how they have performed at previous NCAA Tournaments. This can give bettors a clearer picture as to what they can expect going into March Madness.

FAQ

Is it legal to bet on college basketball?

You may wager on college basketball in states where sports betting is permitted. Some states prohibit wagering on in-state college teams or tournaments.

Which teams have the best chances of winning the NCAA Tournament?

The teams with the best chances of winning March Madness 2024, based on various sources, include UConn, Houston, and Purdue. UConn has been highlighted as a strong favorite, with significant backing from bettors, reflecting their confidence in the team's potential to win. Houston and Purdue also stand out as top contenders, with both teams showing impressive form leading up to the tournament.

What are the differences between betting on the NBA and college basketball?

The major difference between college basketball and the NBA is the game's length: the former lasts 40 minutes, while the latter lasts 48 minutes. There are also differences in three-point shooting distance, the number of fouls players are allowed to commit, among other factors.

Gus
Gus Anderson
Gus Anderson is a gambling wizard. As a kid he dreamt about becoming a Tennis, Hockey and Golf professional but ended up as a gambling professional with focus on both sports & casino.