Best March Madness 2023 Sports Betting Bonuses (Bet $1, Get $365)

Best March Madness Sports Betting Bonuses 2023
Photo Credit: William Howard-USA TODAY Sports

Nothing on the U.S. sports calendar feels quite like March Madness season. The 2023 NCAA Men’s Basketball Tournament tips off on March 14.

Betting opportunities are endless during March Madness. If you’re looking to get in on the action for this year’s tournament, be sure you take advantage of the following welcome bonus offers from the top sportsbooks in the U.S.

These offers were selected by the sports betting experts here at Props.com:

Bet365: Bet $1, Get $365 In Bonus Bets 

Bet365 celebrates the NCAA Tournament season by introducing its Bet $1 Get $365 offer. The Bet365 promo is about as close as it gets to a no-deposit bonus in the sports betting industry.

Props.com readers can unlock the bonus by signing up through the link below, and making a minimum deposit. After that, place a $1 wager (or more) and Bet365 will award $365 in bonus bet credits.

How To Claim The Bet365 Promo

  • Click the “CLAIM OFFER” or “BET NOW” link next to the Bet365 offer below.
  • Once on Bet365 online site, click the “Join Now” link.
  • Fill in the identification details on the pop-up screen.
  • Make a minimum $10 deposit. After that, make a $1 eligible wager, and you’ll unlock the $365 bet credit bonus.

Bet365 Legal States

  • Colorado
  • New Jersey
  • Ohio
  • Virginia

FanDuel Sportsbook: Bet $20, Get $200 In Bonus Bets

Take a shot at college hoops with FanDuel Sportsbook and unlock a special March Madness offer. Through March 19, you can get 10x your first bet at FanDuel, up to a max $20 bet. The maximum $20 bet yields $200 in bonus bets.

Once you’ve signed up for a FanDuel Sportsbook account with the link below, navigate to the cashier and make your first deposit. Then make your first bet.

Once you place that first wager, FanDuel will instantly credit your betslip with 10x the amount of your bet, up to a max of a $20 wager for $200 in bonus bets.

How Can I Claim The FanDuel Sportsbook Promo?

  1. Click one of the “CLAIM OFFER” or “BET NOW” links from the FanDuel ads on this page.
  2. Select the “Join” option.
  3. Fill out the registration form.
  4. Deposit at least $10 to qualify for the bonus.
  5. Agree to the terms and conditions behind the offer and place your first bet.
  6. You’ll receive 10x the amount of that first bet, for up to $200 in bonus bets. The bonus bets are instantly available after you confirm your initial wager.

FanDuel Legal States

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Iowa
  • Indiana
  • Louisiana
  • Kansas
  • Maryland
  • Michigan
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

BetRivers Bonus Offers

BetRivers announced a slew of special offers for March Madness:

  • 2nd Chance Bet Up To $500 – Get up to $500 back in bonus bets if your first wager at BetRivers loses.
  • NCAAB Madness Parlay Insurance – Get up to $25 back on a 4+ leg parlay if one leg loses (offer valid through the Elite 8).
  • Madness Live Bet And Get – Place a $10+ live wager on any NCAAB game in the Sweet 16 or Elite 8 to receive a 50% matched Bet Credit, valid for any NCAAB live wager.
  • Madness Semifinals Live Bet and Get – Place a $25+ live wager on both NCAAB Semifinal Matchups will receive a $25 live Bet Credit for the National Championship Game.

How Can I Claim The BetRivers Promo? ($500 2nd Chance Bet)

  1. Click the “CLAIM OFFER” or “BET NOW” links from the BetRivers ads on this page.
  2. Click “Join Now” on the BetRivers homepage.
  3. Choose your state from the drop-down menu, enter a valid email address, and choose a screen name and password.
  4. Enter your name, address, DoB, and ZIP code.
  5. Choose your security questions and enter the last four digits of your SSN.
  6. Deposit a minimum of $10.
  7. Place your first bet (minimum $10).
  8. If your first bet loses, BetRivers will issue a rebate for the full amount of the bet, up to $500 in betting credits.

BetRivers Legal States

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Indiana
  • Iowa
  • Louisiana
  • Maryland
  • Michigan
  • New Jersey
  • New York
  • Ohio
  • Virginia
  • West Virginia

Caesars Sportsbook: $1,250 “On Caesars” Bet 

Caesars Sportsbook presents a “$1,250 On Caesars” offer for Props.com readers.

About This Offer

The $1,250 “On Caesars” bonus acts as a rebate on your first bet if it loses. This bonus type was formerly known as a “risk-free bet.”

Sign up for a Caesars account, make your first deposit, and place your first bet. Caesars will refund you up to $1,250 if your initial wager loses.

How Can I Claim The Caesars Sportsbook Promo?

  • Click a “CLAIM OFFER” or “BET NOW” link from the Caesars Sportsbook ads on this page.
  • Select your state from the Caesars Sportsbook dropdown menu.
  • Provide a valid email, along with your name, DoB, and address.
  • Choose security questions.
  • Deposit $10 or more.

Caesars Sportsbook Legal States

  • Arizona
  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Maryland
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Tennessee
  • Virginia
  • Washington, D.C.
  • West Virginia
  • Wyoming

DraftKings Sportsbook: Bet $5, Get $200 In Bonus Bets

Beginning on March 14, DraftKings offers Props.com readers a Bet $5 Get $200 in Bonus Bets promo.

About This Offer

The Bet $5 Get $200 offer requires only a $5 bet, which then unlocks $200 in bonus bets. You get the bonus bets applied to your balance whether your initial bet wins or loses, making this one of the most generous offers on our March Madness promos list.

How Can I Claim The DraftKings Sportsbook Promo?

  1. Click the “CLAIM OFFER” or “BET NOW” links in the DraftKings Sportsbook ad below.
  2. Click on the “Sign-Up” button on the DraftKings homepage.
  3. Provide the requested information to complete the registration process.
  4. Deposit a minimum of $5.
  5. Bet $5 or more on a qualifying bet.
  6. You’ll get $200 in bonus bets once your initial wager settles.

DraftKings Sportsbook Legal States

  • Arizona
  • Colorado
  • Connecticut
  • Illinois
  • Iowa
  • Indiana
  • Louisiana
  • Kansas
  • Maryland
  • Michigan
  • New Hampshire
  • New Jersey
  • New York
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

BetMGM Bonus Offer: $1,000 Losing Bet Rebate

Props.com readers can unlock a $1,000 losing bet rebate from BetMGM Sportsbook, just in time for the NCAA Tournament.

About This Offer

If the first bet at BetMGM Sportsbook loses, you’ll receive bonus bet credits for the amount wagered, up to a $1,000 max.

How Can I Claim The BetMGM Promo?

  1. Click one of the “CLAIM OFFER” or “BET NOW” links within the BetMGM ads on this page.
  2. Once on the BetMGM site, provide your name, email, and date of birth.
  3. Choose your username, and password, and provide the last four digits of your social security number.
  4. Deposit at least $10.
  5. Place your first wager of $10 or more.

BetMGM Legal States

  • Arizona
  • Colorado
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Maryland
  • Michigan
  • New Hampshire
  • Nevada
  • New Jersey
  • New York
  • Oregon
  • Pennsylvania
  • Tennessee
  • Virginia
  • West Virginia
  • Wyoming

Wondering how to win your NCAA Tournament bracket pool? Check out our guide on How To Fill Out A March Madness Bracket.