How to Bet the NCAA Tournament: March Madness Promos and Bonuses

March Madness has finally arrived and now is the time for bettors to learn how to bet the NCAA Tournament. There are a ton of new user promos available from a number of legal online sportsbooks. So many options can be overwhelming, which is why we’ve compiled the best promos and bonuses available ahead of the tournament.

Below you will find our guide for How to Bet the NCAA Tournament: March Madness Promos and Bonuses. This includes the top offers from legal online sportsbooks.

How to Bet the NCAA Tournament: March Madness Promos and Bonuses

The new user offers below include risk-free bets, deposit matches, deposit bonuses, and odds boosts. Bettors can sign up for more than one online sportsbook account if multiple offers are enticing enough.

Caesars Sportsbook’s $1,100 Risk-Free First Bet

Risk-free bets are a relatively common offering from legal online sportsbooks. Caesars Sportsbook, however, has the largest such offering. New users who register for a Caesars Sportsbook account can snag a risk-free first bet of up to $1,100. This offer is a simple one that gives bettors a second chance if their first real-money bet loses.

For example, if a bettor were to wager $800 on the Memphis Tigers to take down the Boise State Broncos on Thursday afternoon, but the Broncos win, Caesars Sportsbook would issue a site credit refund of $800. This refund would come in the form of a Free Bet, which the bettor could then use on another game.

Click here and use Caesars Sportsbook promo code SOUTHCZR to get a risk-free bet of up to $1,100.

Bet $5, Win $200 If Your Team Wins with DraftKings Sportsbook

DraftKings Sportsbook has a massive 40-1 odds boost promo available for any NCAA Tournament game. Bettors who register for an account can turn a $5 bet on any team’s moneyline into a massive $200 bonus if their team wins. There is no moneyline odds requirement. That means a bettor could wager $5 on the Auburn Tigers (-2000) to beat the Jacksonville State Gamecocks on Friday afternoon, earning a $200 bonus if Auburn prevails.

There’s another massive offer that any DraftKings Sportsbook user should take advantage of. On the main page of the DraftKings app, bettors can opt-into a promo that will allow bettors to wager up to $50 on Gonzaga to win. If Gonzaga (-15000) wins the game, which they should, bettors will double their money.

Click here to Bet $5, Win $200 if your college basketball team wins with DraftKings Sportsbook.

FanDuel Sportsbook’s $150 Guaranteed Bonus

Any bettor looking for a guaranteed bonus can get a 30x multiplier on their first wager with FanDuel Sportsbook. Bettors who register for this Bet $5, Win $150 promo will earn a $150 bonus as soon as they place a $5 moneyline wager on any college basketball team to win its game. Bettors can then use this site credit bonus on other games.

Given the sheer number of games set to take place in the tournament, getting a guaranteed bonus is huge. Bettors could immediately turn around and use this bonus credit on other games taking place the same day, or hold off until an interesting matchup presents itself.

Bet $5, Win $150 guaranteed with FanDuel Sportsbook when you click here.

Bet $10, Win $200 If Any Team Makes a Three-Pointer with BetMGM

As if there weren’t enough no-brainers on this list, BetMGM has rolled out an incredible offer. Bettors who sign up can Bet $10, Win $200 if any team in the tournament makes a three-pointer. Simply put, it’s a safe bet that every team in the tournament will connect from downtown. In this case, only one team needs to do so for this bonus to convey.

An interesting element to this offer is that bettors could earn two wins. Bettors must wager $10 on any college basketball team’s moneyline. If the team wins the game, the bettor will earn a win on the moneyline bet. As long as a team makes a three-pointer in the tournament, the user will also earn a $200 bonus. Keep in mind, there are some huge underdogs and upsets happen every year. It might make sense to throw down that $10 wager on a huge underdog just to maximize the payout in an upset win.

Click here to Bet $10, Win $200 if any team in the tournament makes a three-pointer with BetMGM.

Bet $10, Win $100 If Your Team Makes a Free Throw with Barstool Sportsbook

We go from one no-brainer to yet another. Prospective bettors can turn a $10 moneyline wager into a $100 bonus if the team of their choice sinks a free throw. This is yet another scenario in which we expect every potential bet to hit. It’s borderline inconceivable that a team in the NCAA Tournament would not hit a free throw. As long as the team of a bettor’s choice hits a free throw, this $100 bonus will convey.

Barstool Sportsbook also has another offer available for bettors interested in a risk-free bet. New users who sign up with promo code SOUTH1000 can secure a $1,000 risk-free bet to use on any game. If the bet loses, Barstool Sportsbook will issue a site credit refund of up to $1,000.

Click here and use Barstool Sportsbook promo code SOUTHCBB100 to Bet $10, Win $100 if your college basketball team makes a free throw. Click here and use promo code SOUTH1000 to get a $1,000 risk-free bet.

PointsBet’s $2,000 Risk-Free Bets

The final promo on our list is one with tremendous upside. PointsBet has a pair of risk-free bets for new users to take advantage of. Bettors can access a risk-free bet of up to $500 for any straight bet. For example, if a bettor wagers $300 on a team’s moneyline, but the team loses, PointsBet would issue a $300 site credit refund.

The second risk-free bet is a truly interesting one. It’s tied to the exclusive PointsBetting feature, which allows users to potentially earn a huge bonus. For example, if a bettor wagers $1 on a player to score 15 points and they finish with 25 points, the bettor would earn a $10 bonus ($1 for every point over 15). However, if the player were to end with 5 points, the bettor would owe $10 ($1 for every point under 15).

Click here to get a $500 risk-free straight bet and a $1,500 risk-free PointsBetting bet from PointsBet.