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Best March Madness Betting Promos: Massive Bonuses For March Madness 1st Round

Adam Martin for Bookies.com

Adam Martin  | 25 mins

Best March Madness Betting Promos: Massive Bonuses For March Madness 1st Round
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The 2023 March Madness tournament continues on Thursday with a slate of 16 exciting games. The top sports betting apps have great offers for new users to sign up and take advantage of, so read on and find out all about these great offers below.

Best March Madness Betting Promos

BetMGM CBB Betting Promos

Sign up for a new account using the BetMGM bonus code BOOKIESMARCH and get $200 in Bonus Bets Instantly when you make a $10 pre-game moneyline wager on any team. This deal will run throughout the tournament. Here's how it works:

  1. Sign up with the BetMGM bonus code BOOKIESMARCH
  2. Bet at least $10 on any team in the bracket
  3. Get $200 in Bonus Bets Instantly

BetMGM CBB Betting Promo Terms & Conditions

  • Bet at least $10 on any pre-game moneyline
  • Get 4 $50 bonus bets (credited generally with 24 hours)
  • Bonus bets can only be placed as a single bet (straight bet, parlay etc)
  • You have 7 days to use the bonus bets
  • Bonus bets have no cash value
  • Any winning from bonus bets is immediately withdrawable

If you don't want that offer, you can use the BetMGM bonus code BOOKIES and get a first-bet bonus up to $1,000 (you can't combine the offers). This means that players can choose from any set of odds in any sports betting market and place a real-money wager up to $1,000 on its outcome—and then earn either cash profit on a winning bet or receive bonus bets that equal their original wager if it loses. 

For example, bettors who lose a $700 real-money wager will be awarded five $140 bonus bets for a second chance to get their bets correct. Note that losing bettors will receive a single matching bonus bet if their first wager is less than $50, but that’s still a great deal for bettors looking for some insurance on the first bet they make at BetMGM.

Click the BET NOW button below to begin your BetMGM experience and earn your bonus bets.

BetMGM

Get $200 in Bonus Bets when you Bet $10 on March Matchups

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Caesars Sportsbook March Madness Betting Promo

The Caesars Sportsbook promo code gives new customers back up to $1,250 on Caesars. Sign up with the promo code BOOKIESFULL, then deposit at least $20 and then place your first wager. 

If it’s a loser, you’ll get back up to $1,250 in bet credits. In addition, you will get 1,000 Tier Credits and 1,000 Reward Credits. If you are located in Ohio or Massachusetts, use the promo code BOOKIES1BET to get back up to $1,500 for your first losing wager.

On top of that, all users can claim the Longshot Parlay Bonus. Opt-in and then bet $25 or more on a +1000 odds or longer parlay (i.e. +1100, +2000) on March Madness games, and you will earn a $15 bonus to use on March Madness.

There are also a number of March Madness odds boosts, which each come with a $100 maximum wager:

  • Purdue or Indiana Win 2023 Men's NCAA Tournament Region +225
  • West Virginia, Baylor, Iowa State & Kansas State All Win on 3/16-3/17 at +300
  • Kansas & Texas Each Win 2023 Men's NCAA Tournament Region at +2000
  • Alabama & Tennessee Each Win 2023 Men's NCAA Tournament Region at +1400
  • Maryland, Iowa & Penn State All Win on 3/16 at +950
  • Virginia, Duke, NC State & Miami (FL) All Win on 3/16-3/17 at +900
  • Missouri, Arkansas, Auburn & Tennessee All Win on 3/16 at +700
  • Utah State, San Diego State & Boise State All Win on 3/16 at +450
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DraftKings Sportsbook March Madness Betting Promo

Over at DraftKings Sportsbook, new customers can bet $5 and get $200 in bonus bets, win or lose. 

Just sign up for a new account, make your first deposit for at least $5, and regardless of the result of your wager, you will get back $200 in bonus bets in the form of eight $25 bonus bets. What a great deal!

DraftKings

Bet $5, Win $150 in Bonus Bets If Your Bet Wins

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FanDuel Sportsbook March Madness Betting Promo

With the FanDuel Sportsbook promo code, new users can get 10x their first bet up to $200 in bonus bets. Sign up and deposit at least $10 and then place your first bet. 

Win or lose, get 10x your first wager in bonus bets up to $200, meaning a first bet for $20 gets you $200 in bonus bets.

In addition, all users can opt-in for a No Sweat bet on any March Madness game for up to $100 in the form of bonus bets if your first bet after opting-in loses. Only one wager per person and the final odds must be at least -200 or longer (i.e. -125, +125). 

Also get Bracket Parlay Insurance. Opt-in and then place a parlay at +400 or longer odds (i.e. +425, +525) for up to $25. If just one leg loses, you will get back up to $25 in bonus bets. You can do this once per day.

FanDuel

No Sweat First Bet Up To $1,000

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BetRivers Sportsbook March Madness Betting Promo

The BetRivers Sportsbook promo code gives new users a second-chance bet for up to $500. 

Use the promo code BOOKIES when signing up, deposit at least $10, and then make your first bet. If it loses, get back up to $500 in the form of bonus bets.

BetRivers

2nd Chance Free Bet Up To $100

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PointsBet Sportsbook March Madness Betting Promo

With the PointsBet Sportsbook promo code, new customers can get five second-chance bets for $50 each. 

Sign up for a new PointsBet Sportsbook account, make your first deposit, and then place your first bet. You’ll get back up to $50 for your first losing wager in the first five days after signing up, for a total of up to $250 in bonus bets overall.

BetMGM

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Betway Sportsbook March Madness Betting promo

With the Betway Sportsbook promo code, new users can get back up to $250 in bonus bets for their first losing bet. 

New users just need to opt-in and then deposit at least $10 and then place your first bet on sports markets with -300 or longer odds (i.e. -200, +100). If your first bet loses, get back up to $250 in bonus bets.

Betway

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March Madness Betting Odds For 3/16

Tonight’s college basketball betting slate is absolutely stacked with 16 games. Here is the full list of games:

  • 9 West Virginia (-2, 137.5) vs. 8 Maryland, 12:15 p.m. EST
  • 13 Furman vs. 4 Virginia (-5.5, 132), 12:40 p.m. EST
  • 10 Utah State (-1, 155.5) vs. 7 Missouri, 1:40 p.m. EST
  • 16 Howard vs. 1 Kansas (-22, 146), 2 p.m. EST
  • 16 Texas A&M - Corpus Christi vs. 1 Alabama (-24, 155.5), 2:45 p.m. EST
  • 13 Charleston vs. 5 San Diego State (-5.5, 141.5), 3:10 p.m. EST
  • 15 Princeton vs. 2 Arizona (-14.5, 154.5), 4:10 p.m. EST
  • 9 Illinois vs. 8 Arkansas (-2, 144), 4:30 p.m. EST
  • 9 Auburn (-1, 152) vs. 8 Iowa, 6:50 p.m. EST
  • 12 Oral Roberts vs. 5 Duke (-6, 147), 7:10 p.m. EST
  • 15 Colgate vs. 2 Texas (-13.5, 148), 7:25 p.m. EST
  • 10 Boise State vs. 7 Northwestern (-1.5, 128), 7:35 p.m. EST
  • 16 Northern Kentucky vs. 1 Houston (-19.5, 122), 9:20 p.m. EST
  • 13 Louisiana vs. 4 Tennessee (-11.5, 136.5), 9:40 p.m. EST
  • 10 Penn State vs. Texas A&M (-3.5, 134.5), 9:55 p.m. EST
  • 15 UNC Asheville vs. 2 UCLA (-17.5, 134.5), 10:05 p.m. EST

Remember to use all of the March Madness betting promos listed in this guide to wager on all 16 of tonight’s college basketball games. Happy betting!

About the Author

Adam Martin for Bookies.com
Adam Martin
A writer based out of Toronto, Adam Martin has covered professional sports, with an emphasis on sports gambling, for more than a decade, writing for such outlets as The Toronto Star and Sportsnet. He is an expert in UFC, while also covering NHL betting and the Stanley Cup.
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