March Madness 2024 Fantasy Sports & Sportsbook Promo Codes
March Madness DraftKings Promo
Get your first bet on March Madness paid back up to $1,000 if it doesn't win!March Madness FanDuel Promo
Bet $5 Get $150 in Bonus Bets If Your First March Madness Bet WinsMarch Madness BetMGM Promo
Bet $5 on March Madness and Get $150 in Bonus Bets Instantly
How To Claim Your March Madness 2024 Bonus
Bet365 March Madness Betting Bonus Code
Join through Stokastic and place a $5 wager to receive either $150 in bonus bets or forgiveness on your initial bet up to $1,000 if it doesn't win! Bet365, a well-established leader in the online sports betting realm, has expanded its services to legally authorized U.S. states, including Arizona, Indiana, New Jersey, Ohio, Iowa, Kentucky, Virginia, Louisiana and Colorado. New users can grab top-tier promotions at bet365 without requiring a specific bonus code. Offering a diverse array of sports, competitive March Madness odds and an intuitive interface, bet365 caters to both seasoned and novice bettors. Dive into the excitement of live in-play betting, real-time live streaming and crucial data for making well-informed wagers.
BetMGM March Madness Betting Bonus Code
In partnership with Stokastic, BetMGM is now offering a special promotion for newcomers who register a sports betting account with them: Bet $5 and get $150 in bonus bets! BetMGM is a titan in the realm of basketball betting, providing a comprehensive platform for both novice and experienced bettors. Since its establishment in 2018, BetMGM has consistently held a position among the top 5 online sportsbooks in the United States.Â
BetRivers March Madness Betting Promo Code
For those seeking a new March Madness betting experience, explore Stokastic's enticing welcome bonus: Get a second-chance bet with a maximum value of $500 (varies by state -- some have this at $250 or $100). BetRivers has experienced significant expansion in recent years, solidifying its position as a strong alternative betting platform in the United States. With both physical and online presence, BetRivers appeals to both in-person and remote bettors and features a robust loyalty program.
Caesars Sportsbook March Madness Betting Promo Code
Register today with the Caesars March Madness promo code AWE1000, and if your initial bet loses, you’ll receive $1,000 in bonuses! Caesars Sportsbook provides an immersive March Madness betting experience through its extensive sports variety, competitive March Madness odds and a user-friendly platform. While typically ranked below platforms like DraftKings and FanDuel, Caesars is consistently among the top basketball betting sites, making it a strong choice for both novice and experienced bettors.
DraftKings March Madness Betting Promo Code
Sign up through Stokastic today and earn a No Sweat First Bet of up to $1,000! DraftKings Sportsbook stands out as a leading choice among March Madness betting platforms, offering an enticing welcome bonus to new users without the need for a DraftKings promo code. Boasting a wide array of sports and leagues, along with competitive March Madness odds and promotions, DraftKings provides an immersive sports betting experience for individuals seeking exciting wagering opportunities. Recognized as one of the premier DFS apps, DraftKings ensures a high-quality March Madness betting experience.
FanDuel March Madness Betting Promo Code
As the top sportsbook in the U.S., FanDuel Sportsbook has solidified its position as the go-to choice for March Madness betting. For new customers eager to dive into basketball betting on FanDuel, they have a great promo for you – simply place a $5 wager to receive $150 in bonus bets upon winning your initial bet. Registering through Stokastic ensures that new players can claim this enticing welcome bonus without the need for a FanDuel promo code.
What Types of March Madness Betting Promos Are There?
March Madness is one of the most exciting times of the year for college basketball fans and bettors alike. With so many games to bet on and the possibility of upsets, March Madness is a prime opportunity for sportsbooks to offer promotions and bonuses to attract new customers and reward existing ones. Here we'll take a closer look at some of the most common March Madness betting promotions.
Bonus Bets
Bonus bets often manifest as bet credits, allowing users to place bets without utilizing their own funds. These bonus bets may be distributed through promotional campaigns, loyalty rewards or special occasions. Although specific criteria may vary, users generally need to fulfill particular requirements before gaining access to any potential winnings derived from these bets. Bonus bets provide an exciting avenue for bettors to explore new markets, experiment with strategies and potentially win without risking a significant portion of their own funds.
Rewards Credits
Reward credits serve as a loyalty initiative from online sports betting platforms to recognize dedicated users for their betting activity. These credits accumulate gradually as bettors place wagers on events and can typically be exchanged for various benefits, including bonus bets, cashback incentives, merchandise or exclusive experiences. The more a bettor engages with the platform, the more reward credits they can accrue.
Second-Chance Bets
Second-chance bets act as safety nets for bettors in the event their initial bet doesn't win. If the first bet meets the sportsbook's conditions for a loss, bettors will have their original stake reimbursed, usually in the form of bonus bets or bet credits. This provides bettors with an additional opportunity to wager without necessitating an extra deposit.
Risk Adverse Bets
One of the most common March Madness betting promotions is the risk adverse bet. This is where a sportsbook will offer a certain amount of money to bet on March Madness games. For example, a sportsbook might offer a $10 bet for every $50 wagered on March Madness games. Risk adverse bets can be a great way to try out a sportsbook without risking any of your own money.
Deposit Bonuses
Another popular March Madness promotion is the deposit bonus. This is where a sportsbook will match a portion of your initial deposit, up to a certain amount. For example, a sportsbook might offer a 100% deposit bonus up to $500. This means that if you deposit $500, the sportsbook will give you an additional $500 to bet with. Deposit bonuses are a great way to increase your bankroll and take advantage of March Madness betting opportunities.
Bracket Contests
Another popular March Madness promotion is bracket contests. Many sportsbooks offer bracket contests where you can enter your March Madness bracket for a chance to win big prizes. Some contests offer cash prizes, while others offer things like vacations or electronics. Bracket contests can be a fun way to get involved in March Madness even if you're not a seasoned bettor.
In-Game Betting Promotions
Finally, many sportsbooks offer in-game betting promotions during March Madness. This is where a sportsbook will offer special bets or odds during a game. For example, a sportsbook might offer boosted odds on a team to come back from a big deficit. In-game betting promotions can be a great way to add some excitement to a game and potentially win big.
March Madness 2024 Betting Promos Overview
March Madness is arguably the greatest tournament on the North American Sports Calendar. Truly, nothing is guaranteed in this tournament.
Use this page as your go to for any betting information regarding the tournament.
March Madness Important Dates
| Round(s) | Date(s) |
| Power 5 Conference Tournaments | March 12-17 |
| Selection Sunday | March 17 |
| First Four (Round of 68) | March 19-20 |
| First Round (Round of 64) | March 21-22 |
| Second Round (Round of 32) | March 23-24 |
| Sweet Sixteen | March 28-29 |
| Elite Eight | March 30-31 |
| Final Four | April 6 |
| National Championship Game | April 8 |
How to Bet March Madness: Trends
How Seeds Perform in NCAA Tournament
In recent years, top-seeded teams have been eliminated in the opening round, including the memorable 2023 Purdue and 2018 Virginia losses. However, you should also recognize that No. 1 seeds are the most likely to go far in and ultimately win the NCAA tournament. Since 1985, 60 top seeds have advanced to the Final Four, and among them, 24 out of 38 won the National Championship.
The second and third seeds each have reached 12 championship games, with second seeds winning five and third seeds four. The only other seed with multiple championships during this period is No. 4.
The lowest seed to reach the Final Four is No. 11, which has happened five times, with the most recent coming in 2021. As for reaching the championship, the lowest seed is No. 8 (four times), and the eighth-seeded 1985 Villanova team holds the distinction of being the lowest-seeded champion in this timeframe.
Over/Unders
Over bets have proven lackluster over the past 18 years of over/under data. According to BetMGM, the over has been profitable for an entire tournament in only five out of the 18 years, and two of those instances it was by less than 1%. On top of that, the over has not yielded a positive return on investment since the 2017 tournament.
First-Round Upsets
The 2023 tournament underscored how crazy March Madness can be in terms of upsets. There is a lot of parity in college basketball, making any team a potential contender for a deep tournament run. While upsets can happen across the board, recent historical data indicates that the most common first-round upset is the No. 12 seed defeating the No. 5 seed. This matchup has been a nearly 50-50 split in recent years, with a slight inclination towards the 12 seed on the spread. However, it's worth noting that last year No. 5 seeds went 4-0 both straight up and against the spread -- again show the variability of these betting trends.
It's crucial to practice responsible gambling. Establish limits, only wager what you can comfortably afford to lose, and remain vigilant for signs of gambling addiction. Additionally, adhere to the legal gambling age, which is 21+ in most states. If you or someone you know is dealing with a gambling problem, seek assistance by calling 1-800-GAMBLER.
What Bets Can I Make on March Madness?
Point Spread
The point spread is a widely popular bet where the sportsbook sets a point spread, designating a team as the favorite or underdog by a specific margin. Bettors can choose either side of the spread, with the favorite needing to win by more than the spread and the underdog needing to either win outright or lose by fewer points than the spread. For example, if Purdue is favored by 15.5 points, betting on the Boilermakers -15.5 means you expect them to win by 16 points or more, while betting on their opponents +15.5 means you expect that team to win outright or lose by 15 points or less.
Moneyline
In a moneyline bet, you simply pick the team you believe will win the game. Odds reflect the likelihood of winning, with favorites having negative odds and underdogs having positive odds. For instance, if Houston is favored to beat Sam Houston State with -300 moneyline odds, a $100 bet yields a $133.33 payout, while Sam Houston State as an underdog with +290 moneyline odds would result in a $390 payout for a $100 bet.
Over/Under (Total)
Also known as a totals bet, this involves predicting whether the total combined points scored by both teams will be over or under a specific number set by the sportsbook. Team totals operate similarly, applying to the score of just one team. For example, if Arizona has a team total of 69.5, scoring 70 or more hits the over, while scoring 69 or less results in the under winning.
Prop
Prop bets focus on specific events within a game, often unrelated to the final outcome. Player props, like predicting if a player will surpass a statistical line set by the sportsbook, are popular examples. For instance, if Dalton Knecht's points over/under is set at 24.5, the over hits if he scores 25 or more, and the under wins if he scores 24 or fewer.
Parlay
A parlay combines multiple bets into one, with all individual bets needing success for the parlay to win. Parlays offer higher potential payouts due to increased risk and can involve bets across different games or within the same game, including multi-sport parlays combining March Madness bets with other sports.
Teaser
Teasers, similar to parlays, allow bettors to adjust point spreads or totals for a lower payout, enhancing the chances of winning.
Futures
Futures bets predict outcomes determined later, often before the season starts. Examples include betting on the March Madness champion.
In-Game (Live) Betting
These bets occur during the game, with real-time odds adjustments based on developments like scoring and turnovers.
Quarter and Half
Quarter and half bets involve wagering on the outcome of any quarter or half, including point spread, moneyline or total bets specific to that period.
Understanding the rules and odds for each bet type is crucial, and responsible gambling practices should always be observed. Adherence to local laws and regulations regarding sports betting is essential, and reputable, legal sportsbooks should be used.
March Madness DraftKings Bonus
March Madness FanDuel Bonus
March Madness 2024 Sports Betting & Fantasy Sports FAQ
Where can I bet on the winner of March Madness?
Most major sportsbooks will allow you to bet on the winner of the NCAA Tournament. Some books have lines up right now -- including BetMGM, who has UConn favored to win at +475. Others like DraftKings do not have outright winners but do have Final Four odds.
Is it profitable to bet on every underdog in March Madness?
March Madness features upsets in pretty much every stage of the tournament, and wagering on the moneyline for an underdog has the potential for substantial payouts. It's not advisable to bet on every underdog in the entire tournament, but there are strategic moments when employing this approach can be highly beneficial.
How much money will be bet on NCAA tournament?
In 2023, it was estimated that $15.5 billion (USD) were bet on March Madness, a big uptick from the 2022 estimate of $3.1 billion.
How many people gamble on March Madness?
About 68 million Americans placed a bet on March Madness games in 2023, up from 45 million in 2022 according to the American Gaming Association.
How often do underdogs win outright?
Underdogs are expected to win less than 50% of the time; however, this doesn't mean they can't be lucrative. Casual bettors often prefer betting favorites, leading to potential value for underdogs when the lines are inflated.
What are the odds of a 16 seed beating a 1 seed?
No. 1 seeds are 150-2 versus No. 16 seeds since 1985. Since 2000, those big favorites and No. 1 seeds are 90-2 straight up. The two losses came in 2023 (Purdue losing to Fairleigh Dickinson) and 2018 (Virginia losing to UMBC).
How many at-large bids are there in March Madness?
There are 36 at-large bids. If a team doesn't win its conference tournament to automatically qualify for March Madness, it can earn one of 36 at-large bids chosen by the 10-person NCAA Men's Division I Basketball Committee.
March Madness 2024 Fantasy Sports & Sportsbook Reviews
What Should I Look for in a March Madness Site?
Choosing the right March Madness betting site is crucial for an enjoyable and secure betting experience. Here are key factors to consider when selecting a site:
Reputation and Legitimacy: Opt for well-established and reputable betting sites with positive reviews.
Ensure the site is licensed and regulated by relevant authorities.
User-Friendly Interface: Look for a site with an intuitive and user-friendly interface for easy navigation.
Variety of Betting Options: Choose a platform that offers a wide range of betting options, including point spreads, moneylines, over/under, props, and live betting.
Competitive Odds: Compare odds across different sites to ensure you're getting competitive and favorable odds.
Bonuses and Promotions: Check for attractive welcome bonuses, promotions, and ongoing offers.
Understand the terms and conditions associated with bonuses and promotions.
Security and Safety: Ensure the site uses secure encryption methods to protect your personal and financial information.
Look for sites with a solid reputation for fair play and transparent practices.
Mobile Compatibility: Choose a site that offers a mobile-friendly platform or a dedicated mobile app for convenient betting on the go.
Payment Options: Check the available payment methods and ensure they are convenient for you.
Look for fast and secure deposit and withdrawal processes.
Customer Support: Opt for a site with responsive and helpful customer support available through various channels (live chat, email, phone).
Live Streaming and Stats: Consider sites that offer live streaming of games and provide essential statistics for making informed bets.
Responsible Gambling Tools: Look for sites that promote responsible gambling and provide tools such as deposit limits, self-exclusion, and responsible gambling resources.
In-Play Betting Features: If you're interested in live betting, choose a site with comprehensive in-play betting features.
Credible Reviews and Recommendations: Read reviews from other users and consider recommendations from reliable sources to gauge the overall satisfaction with the platform.
Accessibility in Your Location: Ensure the site is accessible and legal in your location, considering regional regulations.
By carefully considering these factors, you can find a March Madness betting site that aligns with your preferences, providing a safe and enjoyable betting experience.
Conclusion
In the ever-evolving realm of sports betting, these March Madness betting apps and sites are excellent sources for promotions and bonuses, enhancing your NCAA Tournament betting experience. Stay tuned for more of the best basketball promos to keep on top on the newest opportunities and maximize your potential winnings!