March Madness Betting
Every year, sports fans swallow a tough pill when the NFL season concludes in February. For half the year, football captivates the nation and then, it's gone. Fortunately, the NFL playoffs, including the Super Bowl, act as a perfect runway to one of the most fun and unique sporting events in the country.
Can I Bet on March Madness?
Yes! Below is a list of legal sites that bettors can use to place wagers on the 2023 NCAA Tournament.
FanDuel is the sports betting industry leader, hauling in approximately a 40% market share according to most estimations. It offers users a top-notch mobile app and easy-to-use website.
One thing that separates FanDuel from its competition is its notably large selection of leagues and markets. This could come in handy during March Madness when FanDuel offers props, odds boosts, or risk-free bets that other operators don't typically offer.
Almost everything said above can be said about DraftKings as well. It is FanDuel's biggest rival in the sports betting space and has been for several years.
The Boston-based operator boasts a mobile app with a smooth interface and plenty of enticing deals. DraftKings is constantly offering users odds boosts, free bets, and other creative incentives.
The well-known gambling brand BetMGM enlisted the multi-talented Jamie Foxx to lead their marketing campaign over the last year-and-a-half in an attempt to climb into the upper-echelon of mobile sportsbooks through aggressive marketing.
Throughout 2021, the self-proclaimed King of Sportsbooks launched in several new states, including New York. It has a great product, offering users similar promotions and bonuses as other top betting sites.
PointsBet is one of the more unique operators in the industry. Where it varies from other books is through a form of wagering known as "pointsbetting".
Pointsbetting puts emphasis on how right or wrong a bet is.
If a bettor places a wager on the total score in a game between Duke and Kentucky to go over 140 points, they'd normally need only that. More than 140 points.
With points betting, the bettor wins more money if the total score settles at 170 than they do if the score settles at 145. Likewise, a bettor loses more money if the total finishes at 120 than they do if it finishes at 135.
Points betting is high-risk, high-reward.
Caesars is a renowned entertainment and hospitality company and that is reflected in their mobile app. This platform offers plenty of leagues and markets for bettors to get involved in.
Caesars even offers users a chance to earn Caesars Rewards, an interesting perk that most books don't offer. This comps program is a great way to get extra value for your bets, whether you're betting on North Carolina, the 2022 champion Jayhawks, or your favorite team.
March Madness Betting Overview
There is nothing quite like March Madness.
From mid-March to the first week of April, sports fans, bettors, and people who have never watched a basketball game in their life get in on the madness.
They don't play in the NCAA's 68-team, single-elimination men's basketball tournament, but they watch, bet, and fill out a bracket. Over the years, March Madness bracket pools have found their way into corporate offices, bars, and even schools.
Now, brackets and many other forms of March Madness betting show up in legal sportsbooks.
According to most estimates, The NCAA Tournament brings in about $8-$10 billion in sports wagers each year. Analysts expect that number to grow in 2023 alongside the rapid spread of legal sports betting in the US.
March Madness Betting Promo Codes
Promo codes and welcome offers are a big part of sports betting, especially around the time of major events like March Madness.
First-time users on March Madness betting apps will almost always be able to take advantage of a welcome offer consisting of a deposit match, risk-free bet, or something similar.
For example, in 2023, BetMGM has an offer for new users to First Bet Offer: Get up to $1,000 Paid Back in Bonus Bets if You Don't Win! .
💰 NCAA Basketball Special Offers
March Madness betting apps regularly have promotions running that don't require the beneficiary to be a new user.
In 2021, FanDuel offered existing users its "Spread The Love" promotion on the First Four game between Michigan State and UCLA. The offer involved FanDuel adjusting the spread by one point in favor of Michigan State for every 2,500 bets on the Spartans.
Typical Spread The Love promotions see so many bettors take advantage that the spread climbs north of 50 points before tip-off. That's why there is typically a maximum wager of $50 on these bets.
FOX Bet offered all users a $10 free bet each day that they placed a wager on a March Madness game throughout the tournament.
Promotions ordinarily start with the First Four and reset or get re-shaped for each round. Plenty of books also offer odds boosts on certain teams to make the Final Four or win the national championship.
How to Sign Up and Bet on March Madness Betting Apps
Signing up for a site to bet on March Madness is a relatively universal process. While there may be a couple minor caveats depending on the sportsbook, the following instructions should suffice.
- Navigate to your desired March Madness betting app or website
- Click the "Sign Up" or "Join" button
- Check back with Vegas Insider for any relevant promo codes
- Enter a variety of personal information such as name, birthday, address, and last four digits of your SSN
- Link your bank account, credit or debit card, or money transfer account
- Make a deposit and start betting!
How Do I Bet on March Madness?
Betting on March Madness is simple. Use the links that we offer to sign up for exclusive deals and promotions!
🌎 How Do I Know If It's Legal To Bet In My State?
Sports betting is legal in some capacity in about 30 US states. Some of those states, however, are limited to in-person wagering only or have a severely limited amount of online options.
Still, legal sports betting in 60% of US states is awesome. When it comes to March Madness, there are a couple nuances.
More than a handful of states have restrictions in place for betting on college sports.
New York and New Jersey, two of the country's biggest sports betting markets, don't allow wagers on their home-state college teams. They also prohibit bets on any college events taking place in their state.
Below is a list of states with sports betting restrictions in place for college sports:
- New Hampshire
- New Jersey
- New York
- Rhode Island
- South Dakota
Within this list, there are variations of the restrictions. For instance, Connecticut and New York do allow sports betting on local college teams if the team is participating in a tournament of four or more teams.
College sports betting restrictions, while confusing at times, are meant to protect the student-athletes.
March Madness Betting Sportsbooks FAQ
Can you bet on March Madness?
Yes! Betting on March Madness is legal in quite a few states across the US. We've got all the information you need to bet legally right on this page.
Where can you place a bet on March Madness?
The best March Madness betting sites include BetMGM, bet365, Caesars, and more: check out those sites here and don't forget to use our promo codes and links for some extra value right off the bat!
Who is favored to win March Madness 2023?
At the moment, it's still a far away prospect, but oddsmakers have the Houston Cougars as the favorite to win the NCAA Men's Division I Basketball tournament in 2023.
March Madness Betting Conclusion
The 68-team NCAA Tournament makes for one of the most exciting sporting events in the US. Over a three week span, each weekend is jam-packed with games from noon to midnight.
It's the best excuse sports fans have to park themselves on the couch for an ungodly amount of time. That, paired with the fact that so many people who are traditionally uninterested in basketball, or sports altogether, enjoy filling out brackets or betting on games, makes it that much more enjoyable.
While the Super Bowl reigns supreme as the single-game betting handle champ, March Madness is the most bet-on sporting event in the US.
If you're looking to get in on the action, be sure to check out Vegas Insider's awesome March Madness betting pages, and check back for updates regarding special March Madness promotions!
Other Betting Resources: