If creating a list of the most beloved sporting events in the United States, there’s no doubt that March Madness and the NCAA Tournament are near the top for several reasons.
March Madness is not only one of the most popular annual sporting events in the country among fans of all kinds, but it is also the busiest time of the year for sportsbooks and those interested in the gaming industry. Unfortunately for all, the NCAA Tournament was conspicuously absent last time around. But it is set to return in all its glory in 2021.
The three-week college basketball tournament consists of 63 total games not counting the First Four contests and presents a huge range of betting opportunities for those enjoying the action. But before any profits can be made, bettors must create online sportsbook accounts at one of the many regulated sites available in a growing number of states across the country.
With so many sites to choose from, the time is right to help educate the public about what each sportsbook has to offer so that each person can choose a site that best fits their preferences.
Below, we’ll go through the March Madness betting bonuses to consider and detail some NCAA Tournament betting promotions that sportsbooks are set to offer.
One of the most important aspects of selecting an online sportsbook to sign up with is the signup bonuses. These welcome offers are presented by all sites but some are more advantageous than others, and it’s important for bettors to put themselves in a position to succeed from the very beginning of their betting journey by creating an account that comes with a beneficial bonus.
This is especially true as March Madness approaches and betting action heats up for a period of several weeks on end. Consider the following sportsbooks if you’re on the lookout for the best NCAA Tournament betting bonuses from online betting sites:
DraftKings Sportsbook enjoys extreme popularity in every state where it operates for many reasons, but one of those is definitely its welcome bonus. DraftKings’ current offer to new players comes with not just one, but multiple perks.
First, new customers receive a $25 no deposit bonus just for signing up and creating an account with a BonusSeeker DraftKings promo code. From there, these new bettors are awarded with a deposit bonus, which involves the sportsbook matching the original deposit.
Customers will receive a first deposit bonus up to $1,000, with the sportsbook matching the original investment 20 percent of the way.
BetMGM is a sportsbook that is fast becoming known for its excellent welcome offer to new signups. BetMGM offers a first deposit bonus but this site goes about things in a different way than some of its competitors that offer the same type of bonus.
After creating a new BetMGM account, players receive a first deposit match up to $500, with the sportsbook matching the initial investment 100 percent of the way! This means that if you deposit $20, you receive an additional $200 in site credit, and now have $400 to play with. If you invest $500, your deposit will be matched the entire way and there will then be $1,000 in site funds to use for sports betting.
Another popular welcome offer is a risk-bonus bet, which is exactly what William Hill offers to new players after signing up. This bonus is one that minimizes risk for new players on the very first wager they place with the sportsbook.
How it works is pretty simple. After signing up and making a deposit, new William Hill customers must place a sports bet of any kind. If that wager is to lose, the player is refunded in site credit up to $500! This means bettors can take a big swing from the very beginning, knowing that they will be refunded if their first bet winds up in a loss.
FanDuel is well known for its excellent promotions and bonuses, which definitely includes the welcome offer. FanDuel also offers a risk-bonus bet as its signup bonus, but it’s taken to a new level here.
After creating a new FanDuel account and making a deposit, players are eligible for a truly enormous risk-bonus bet with their very first wager. If the initial bet made on the site winds up in a loss, bettors will receive a refund up to $1,000 in site credit!
This opens up the opportunity to make a massive bet with that first bet knowing the risk is minimized and the worst that can happen to bettors is that the stake is returned to them in the form of site credit if they lose.
If you aren’t in a state with legal online sports betting, you can place legal sports picks at FendOff Sports. Read our FendOff Sports review for more information and get our exclusive welcome bonus below:
For more information, visit our college basketball betting guide!
In addition to the generous welcome bonuses offered by various online betting sites, there are also several attractive NCAA Tournament sportsbook bonuses bettors may be able to take advantage of following Selection Sunday as the event returns in 2021.
DraftKings is known to offer several March Madness betting promotions each and every year, including this bonus bet offer, which works as insurance to cover the bettor even if their selection loses. Once bettors place a moneyline wager on any team to win an NCAA Tournament game, they can earn a bonus bet up to $50 if their selection loses but still manages to score 75+ points in the game!
DraftKings commonly runs multiple bracket contests around tournament time, and this one pays out $2 million to winners. It costs $100 per entry and 1,500 places are paid out, starting at $150 and escalating all the way to $1 million for the winner! Maximum entry total is 20, and each entry earns a one-time 64 percent profit boost to be used elsewhere on the site! Please note the bracket contest is only currently open to customers in New Jersey, Colorado, West Virginia, and Tennessee.
The free-to-play bracket pool gives customers the chance to earn a share of $50,000 without paying a dime. All you have to do is fill out your bracket as you normally would, and wait on the games to tip off! The pool awards the top 7,755 players, beginning from $1 and escalate all the way to $5,000 for the winner
This DraftKings pool is giving away $1 million to the last person standing in this year’s survivor tournament. Bettors need to choose one team to win each day of the tournament and as long as that team wins, the entry advances. Teams can only be chosen once throughout the tournament. If an upset is chosen in the first or second rounds, you will be eligible for a randomly-chosen prize of $10,000!
FoxBet is well aware of the interest in March Madness, and it is offering all its customers the chance to wager on the NCAA Tournament for free! All you need to do is place a wager of $10 or more to earn a $10 bonus bet, which can be used during the First Four and opening round of the big dance!
BetMGM is a top-of-the-line brand and its promotions reflect that. This free-to-play pool from BetMGM is offering up a whopping $2 million during March Madness to anyone who can fill out a perfect bracket! There’s also a $100,000 guaranteed prize to the player(a) who predict the most games correcrly throughout the tournament.
The most recognizable thing about March Madness is the NCAA tournament bracket. From Selection Sunday until the event begins several days later, the talk of the sports world is the bracket as debate heats up about which teams will make it to the Final Four.
Whether or not you are taking part in a bracket contest, having one handy can be of huge help. Print your March Madness bracket template to keep track of the games you’ve bet on and how the tournament is progressing, in addition to staying current on what the path to the Final Four is for each team.
There are also plenty of opportunities to get involved with the NCAA Tournament bracket via the online sportsbook of your choice. Check out the options for March Madness bracket pools that can be found at online sportsbooks in New Jersey and other states where wagering is legal.
FanDuel is one brand known for its steady stream of promotions, especially around March Madness. Some sportsbooks require an entry fee but FanDuel allows players to fill out a free March Madness tournament bracket, and that makes players immediately eligible to win part of the $250,000 in prizes.
Better yet, you don’t need a perfect bracket to qualify for prizes. Below is how the payouts are broken down for for FanDuel Sportsbook’s free March Madness bracket pool:
Unlike most sites, DraftKings offers multiple March Madness bracket promotions ahead of the NCAA Tournament. The first is a free-to-play option that is open to anyone with a DraftKings account, which features $64,000 in prizes to be awarded nationally.
The second is a far more lucrative offer and one that is exclusive to those in the state of New Jersey. For a $20 entry fee, players can be entered into a pool that pays up to $100,000 in total prizes.
DraftKings also offers the chance to enter public or private bracket contests at the start of the first round, and new ones will also be created for the Round of 32 and the Sweet 16 to keep players involved throughout the tournament.
This sportsbook has been known to offer an extremely generous first prize of a $5,000 bonus bet for the person who scores the most points in the PointsBet Bracket Challenge.
PointsBet is a unique platform, so it makes sense that its NCAA Tournament bracket promotion is different from any other. First, players must fill out a bracket for the tournament and will earn points for every correct pick.
The site adds an incentive for picking the underdog (according to the betting odds) so if you’re the person in your pool who takes pride in picking upsets, this promo is for you. Each favorite still earns a point, but the underdogs will earn you two points per win.
In order for that game to be eligible for your score in the contest, however, a $10 moneyline bet must be placed on the game.