Best March Madness Betting Sites and Promos for 2024

Best March Madness Betting Promos Today

Sportsbook	Bonus and Promo Code	Claim
BETMGM	🎁 Get your first March Madness bet paid back up to $1,500 + FREE Premium betting insights from OddsShopper Premium	Bet Now! ➚
BET365	💵 BET $5 AND GET $150 OR A $1,000 SAFETY NET FOR MARCH MADNESS!	BET NOW! ➚
FANDUEL	💎 BET $5 on March Madness AND GET $150 IN BONUS BETS If Your Bet Wins	BET NOW! ➚
DRAFTKINGS	🤑 Bet $5 on March Madness, Get $150 in Bonus Bets Instantly!	BET NOW! ➚
Caesars Sportsbook	💰First March Madness Bet On Caesars up to $1,000	Bet Now! ➚
BETRIVERS	🎉 Get a Second-Chance March Madness Bet up to $500	Bet Now! ➚

Best March Madness Betting Sites & Apps

1. 🎁 BetMGM: BetMGM, a prominent figure in the online sports betting realm, provides an excellent entry point to OddsShopper with our enticing promotional offer.
2. 💰 Caesars Sportsbook: Caesars stands out as the ultimate destination for new players, offering unparalleled March Madness bonuses and player rewards.
3. 💵 DraftKings: DraftKings has seamlessly transitioned its user-friendly DFS product into the realm of sports betting, establishing itself as one of the industry’s most popular March Madness betting sites.
4. 🤑 FanDuel: For newcomers looking to venture into the world of sports betting with a major player, FanDuel offers enticing odds boosts and promotions to kickstart your journey.
5. 🤯 Bet365: The premier global betting operator has expanded its U.S. offerings just in time for March Madness season.
6. 🏆 BetRivers: BetRivers is a prominent player in the industry due to its extensive network of in-person sportsbooks and casinos, and it also boasts a robust online sports betting product.
7. 🥇 ESPN BET: The newest addition to the roster of top sportsbooks, ESPN BET combines expertise in bookmaking with the resources of the Worldwide Leader in Sports.
8. ✅ Fanatics Sportsbook: The leading provider of sports apparel has expanded into sports betting, and it is one of the faster-growing sportsbooks in the U.S.

Bet365 March Madness Bonus Code

Sign up through OddsShopper and place a $5 bet to receive $150 in bonus bets or a payback of your first bet up to $1,000 if it doesn’t win! A longstanding leader in the world of online sports betting, bet365 has expanded its reach into legally authorized U.S. states, including Arizona, Indiana, New Jersey, Ohio, Iowa, Kentucky, Virginia, Louisiana, North Carolina and Colorado. New users can enjoy top-notch sportsbook promotions at bet365 without the need for a specific bonus code. With a diverse range of sports, competitive March Madness odds and an intuitively designed interface, bet365 caters to both experienced and novice bettors. Immerse yourself in the thrill of live in-play betting, take advantage of real-time live streaming and access essential data to make well-informed wagers.

Read our full Bet365 review ➚

BetMGM March Madness Bonus Code

Unlock a first bet offer by using the BetMGM Bonus Code OSINSIDER: First March Madness bet forgiveness up to $1,500 AND two free months of OddsShopper Premium! BetMGM is a trusted name in the world of basketball betting, offering a comprehensive platform for sports fans and seasoned bettors. Established in 2018, BetMGM has consistently ranked among the top 5 online sportsbooks in the United States. Now, in collaboration with OddsShopper, it presents an exclusive promotion for newcomers registering a BetMGM sports betting account.

Read our full BetMGM Review ➚

Caesars Sportsbook March Madness Promo Code

Register today with the Caesars March Madness promo code AWE1000, and if your first bet loses, you’ll receive as much as $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.

Read our full Caesars Sportsbook review ➚

DraftKings March Madness Promo Code

Register through OddsShopper now, bet $5 and receive $150 in bonus bets instantly! DraftKings Sportsbook is a prominent name among March Madness betting sites, and it presents an attractive welcome bonus for new users without requiring a DraftKings promo code. With a diverse range of sports and leagues, competitive March Madness odds and promotions, DraftKings offers an immersive sports betting experience for players looking for thrilling wagering opportunities. As one of the best DFS apps, DraftKings guarantees a quality March Madness betting experience.

Read our full DraftKings Sportsbook review ➚

March Madness Betting Trends

How Seeds Perform in NCAA Tournament

Recent years have seen No. 1 seeds fall early — sometimes even in the first round. While everyone remembers and laughs at 2023 Purdue and 2018 Virginia, the truth is that No. 1 seeds are still the most likely to make deep runs in, and ultimately win, the NCAA tournament. Since 1985, 60 top seeds have made the Final Four, and 24 of the 38 won the National Championship.

Nos. 2 and 3 seeds have each made 12 championship games, with the second seeds winning five and third seeds four. The only other seed to win multiple championships in this stretch is No. 4.

The lowest seed to reach the Final Four is No. 11 (which has happened five times, most recently in 2021). The lowest to reach the championship is No. 8, which has happened four times, and one of the No. 8 seeds, 1985 Villanova, holds the title as lowest-seeded champion in this timeframe.

Over/Unders

Overs have done quite poorly in the last 18 years of over/under data. Per BetMGM, the over has only been profitable for an entire tournament in five of the 18 — two of which were less than 1% profitable — and it has not had a positive ROI since 2017.

First-Round Upsets

2023 proved that upsets can happen at any seed pairing, and at this point there is enough parity across the college basketball landscape that any given team could be live to make a deep run. That said, the first-round upset that has the most data to support it is the No. 12 over No. 5, as that matchup has been close to 50-50 straight up and slightly favoring the 12 seed on the spread in recent years. That said, last year No. 5 seeds went 4-0 straight up and against the spread, so take those trends with a grain of salt.

Remember, responsible gambling is essential. Set limits for yourself, only bet what you can afford to lose, and be aware of the signs of gambling addiction. The legal gambling age is 21+ in most states. Gambling problem? Call 1-800-GAMBLER.

Types of March Madness Bets

Point Spread

The most popular bet is the point spread. The sportsbook establishes a point spread, indicating the favored team or the underdog by a certain number of points. Bettors can wager on either side of the spread. Betting on the favorite requires them to win by more than the spread, while betting on the underdog allows them to win outright or lose by fewer points than the spread.

For instance, if UConn is favored by 15.5 points for its first-round matchup, betting on UConn -15.5 means you believe the Huskies will win by 16 points or more. Betting on their opponents +15.5 means you expect them to either win outright or lose by 15 points or less.

Moneyline

In a moneyline bet, you choose the team you believe will win the game. The odds associated with each team reflect their likelihood of winning, with favorites having negative odds and underdogs having positive odds.

For example, if Arizona is favored over Norfolk State with -390 moneyline odds in the first round, a $100 bet on Arizona would yield a $125.64 payout. Norfolk State winning as an underdog with +350 moneyline odds would result in a $450 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 function similarly, applying to the score of just one team. For instance, if Purdue has a team total of 64.5, scoring 65 or more hits the over, while scoring 64 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, such as predicting whether a player will surpass or fall below a statistical line set by the sportsbook, are popular examples.

As an example, if Zach Edey’s points over/under is set at 20.5, the over hits if he scores 21 or more, and the under wins if he scores 20 or fewer.

Parlay

A parlay combines multiple bets into one, with all individual bets needing to be successful for the parlay to win. Parlays offer higher potential payouts due to increased risk.

Parlays can involve bets across different games or within the same game. Multi-sport parlays allow combining March Madness bets with other sports such as the NBA.

Teaser

Teasers are similar to parlays, but bettors can adjust point spreads or totals for a lower payout, increasing the chances of winning.

Futures

Futures bets predict outcomes determined at a later date, often before the season starts. Examples include betting on the March Madness champion.

In-Game (Live) Betting

These bets are placed during the game, with odds changing in real-time based on developments such as scoring and turnovers.

Quarter and Half

Quarter and half bets are wagers on the outcome of any quarter or half, including point spread, moneyline or total bets specific to that period.

It’s crucial to understand the rules and odds associated with each bet type and practice responsible gambling. Local laws and regulations regarding sports betting should always be followed, and reputable and legal sportsbooks should be used.

Types of March Madness Sportsbook Promos

Deposit Matches

Deposit matches are promotional incentives provided by online platforms during the NCAA Tournament to attract new users. When a new bettor registers and makes their initial deposit, the sportsbook matches a portion of that deposit with bonus credits. The matching percentage typically ranges between 25% and 100%. For instance, a 100% deposit match on a $50 deposit results in an additional $50 in bonus credits. However, these bonuses come with specific conditions, including wagering prerequisites that mandate placing bets of a specified value before being able to withdraw the bonus or any associated winnings.

Bonus Bets

Bonus bets often take the form of bet credits, allowing users to place bets without using their personal funds. These bonus bets can be dispensed through promotional campaigns, loyalty rewards or special occasions. While specific criteria may vary, users generally must fulfill specific requirements before accessing any potential winnings accrued from these bets. Bonus bets offer an exciting opportunity for bettors to explore new markets, experiment with strategies and potentially secure wins without risking a substantial portion of their own capital.

Rewards Credits

Reward credits are a loyalty initiative from online sports betting platforms to reward dedicated users for their betting. These credits accumulate gradually as bettors place wagers on events and can typically be exchanged for a variety of benefits, including bonus bets, cashback incentives, merchandise or exclusive experiences. The more a bettor engages with the platform, the more reward credits they can earn.

Second-Chance Bets

Second-chance bets are safety nets for bettors when their initial bet doesn’t win. In the event of a losing first bet that meets the sportsbook’s conditions, bettors will have their original stake reimbursed , typically in the form of bonus bets or bet credits. This provides bettors with an additional opportunity to wager without requiring an extra deposit.

What to Look For to Find Best March Madness Betting Sites

To find the best March Madness betting sites, consider the following factors:

• Reputation and Licensing: Choose sites with a solid reputation and proper licensing. Look for platforms regulated by reputable authorities to ensure fair and secure betting.
• Welcome Bonuses and Promotions: Evaluate the welcome bonuses and ongoing promotions offered by each site. Consider factors such as deposit matches, bonus bets, and other incentives to maximize your betting value.
• Betting Options and Markets: Opt for sites that provide a wide range of betting options, including point spreads, moneylines, totals, and prop bets. A variety of markets enhances your betting experience.
• Competitive Odds: Compare the odds offered by different sites. Choose platforms with competitive odds to maximize potential returns on your bets.
• User-Friendly Interface: Look for sites with intuitive and user-friendly interfaces. A well-designed platform enhances your overall betting experience, making it easy to navigate and place bets.
• Mobile Compatibility: Ensure the site is compatible with mobile devices or has a dedicated mobile app. This allows you to bet on March Madness games conveniently from your smartphone or tablet.
• Live Betting and Streaming: Consider sites that offer live betting options and live streaming of March Madness games. This adds excitement and allows you to adjust your bets in real-time.
• Payment Options: Check the available payment methods and ensure they are convenient for you. Look for sites that offer secure transactions and timely payouts.
• Customer Support: Reliable customer support is crucial. Choose platforms with responsive customer service that can address your queries or concerns promptly.
• Security Measures: Prioritize platforms with robust security measures, including encryption technology, to safeguard your personal and financial information.
• Reviews and Recommendations: Read reviews from other bettors and consider recommendations from reliable sources. Real user experiences can provide valuable insights into the strengths and weaknesses of different betting sites.
• Responsible Gambling Features: Look for sites that promote responsible gambling. Features such as deposit limits, self-exclusion options, and resources for managing gambling habits demonstrate a commitment to player well-being.

By evaluating these factors, you can find the best March Madness betting apps and sites that align with your preferences and provide a safe and enjoyable betting experience.

Conclusion

In the dynamic world of sports betting, these top March Madness betting apps and sites are great sources for promos and bonuses to elevate your betting on the NCAA Tournament. Keep a close eye on our leading basketball promos to stay abreast of the latest opportunities and optimize your winnings!