3 March Madness Betting Promotions

betting promos march madness

3 minutes

Last Updated: February 23, 2023


March Madness is almost upon us as the most famous teams, and ambitious players in College Basketball prepare for the season’s highlight.

March Madness 2023 is another high-energy tournament with many upsets, high-scoring games, and shock results. You can watch the best action on television or the latest live-streaming apps. Never again will you miss a chance to enjoy March Madness.

This season’s event will be the most important for organizers of March Madness in recent history.

It’s the year everyone connected to the tournament is determined to show they have survived the devastating effects of the pandemic and are back stronger than ever, eager to make up for the lost time.

The stadiums will be full, players in the best shape of their lives, and the March Madness betting has odds on games and the outright winner of the trophy.

Bookies Are Ready and Waiting

The world’s leading online bookmakers love this competition as it attracts attention. Followers of College Basketball are joined by lovers of the NBA and armchair sports fans as they attempt to predict the winner of the title.

Only some clues can be taken from the betting, with traders struggling to find a favorite.

A strong case could be made for six or more teams winning March Madness 2023. Which side will carry your stake?

The gambling market has Houston as one of the early favorites, and with Texas set to host the final, you can see the traders thinking. But that doesn’t mean Houston will win, and there’s nothing to say that any of the betting favorites will live up to expectations.

In addition to the outright betting market, where gamblers are challenged with finding the champion, there’s also lots to bet on in each game.

This is a straight elimination format, meaning each game will produce a winner and loser, which is ideal for betting. You can pick the team or play the specials, including total points and handicaps.

The best online bookmakers offer all new customers a welcome bonus. The most successful bookies use this promotion to attract attention, encouraging players to join and bet on their app while ignoring the competition. Rewards come in many different forms, but we stick to the three best deals on this page.

march madness betting promos

Deposit-Matched Free Bet

The deposit-matched free bet is the most popular promotion bookmakers offer to new customers.

Bettors also respect it as it works well for them and the bookie. The punter has complete control over how much they bet and how big their free bet is when they qualify.

When you register with an online sportsbook offering a deposit-matched free bet, you must deposit and place a wager on sports. The free bet tokens will be added to your account balance when that bet resolves.

How much you receive in free bets depends on how much you stake. It’s often a 100% matched bonus. Suppose you join and stake $25 on soccer; you’ll get a $25 free bet.

Enhanced Odds

Another popular betting offer reserved for new players is the enhanced odds promo. With this deal, the traders and marketing team will collaborate to ramp up the odds of a popular selection, such as an NFL match, horse race, or boxing match.

If everyone has an opinion on an event and is prepared to place a bet on a selection with odds of +200, one app might offer +500 on the same pick.

That means everyone playing that bet will want to do it through the same app. In most cases, the terms and conditions state there is a maximum deposit, and the enhanced betting odds are reserved for new players.

Risk-Free Bet

The risk-free bet is similar to the welcome bonus free bet, although there are some differences to be aware of when betting online using your smartphone.

Create an account, deposit $10 or more, and place a qualifying sportsbook bet. If your selection wins, you keep the profits as usual. But if your bet loses, your stake will be refunded.

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