Best Sportsbook Promotions for March Madness 2022

March 31, 2022

Although now that March is almost over, NCAA March Madness is still going. Therefore, it's the perfect time to get serious about betting on your hot prospect.

Since March Madness 2020, a lot has changed in the scene of college basketball championship tournaments. Although legal sports betting was allowed in around 20 states last year, in-person and online betting will be accessible in more than 30 states this year.

Bettors in those jurisdictions will be able to legally wager on March Madness games in 2022 via authorized betting sites and mobile apps. However, regulations and availability differ from state to state.

Let's have a look at what top-rated online sportsbooks have to offer.

Best March Madness Promo

BetMGM100% initial deposit bonus up to $1,000
DraftKingsExtra 20% on new users' first deposits for up to $1,000 in bonus funds
William Hill A risk-free bet up to $2,021
BetRivers100% first deposit bonus worth up to $250

BetMGM

During March Madness, BetMGM will regularly distribute two single-use parlay boost tokens per day to be used on wagers of your choosing. Simply log in to your account, create a parlay with at least three legs, and receive an additional 10% paid in cash if your parlay wins — maximum investment of $100.

Users in NJ, WV, PA, and MI:100% initial deposit match bonus worth up to $1,000, a free $10 bet, and $25 in free casino funds
Users in CO, IA, TN, and VA:Risk-free first bet – if the first bet loses, BetMGM will refund it with up to $600 in bonus funds
Promo period:Until April 5th, 2022
Available in:CO, IA, IN, MI, NJ, NY TN, VA, WV, IL, LA, AZ

DraftKings

During key sporting events, DraftKings Sportsbook is a promotion-heavy provider. The firm released more promotions than any other in the industry in the run-up to the Super Bowl this February.

DraftKings will award an additional 20% in site credit to a pending bonus account after making your first deposit. For every $25 you spend on sports or fantasy contests, it will credit your betting account with $1 in bonus funds. Users have 90 days to collect as much of the incentive as possible.

Promo offer:Extra 20% on new users' first deposits for up to $1,000 in bonus funds
Promo period: Until April 5th, 2022
Available in: CO, IA, IL, IN, MI, NH, NJ, PA, TN, VA, WV

William Hill

New William Hill Sportsbook customers may receive a risk-free bet upon signing and putting their first wager. However, the maximum return amount differs from state to state.

Promo offer:A risk-free bet of up to $2,021
Promo period: Until March 30th, 2022
Available in: CO, IL, IN, IA, MI, NV, NJ, TN, VA, WV

BetRivers

New BetRivers users can set up an account today to receive a substantial cash bonus and to reap the benefits of upcoming daily NCAA tournament promotions.

For the remainder of March Madness, log in to your BetRivers account and check the promotions section for a fresh special deal. Every day, a new offer will be available for you to claim, and you can claim as many as you want. You'll find offerings such as buzzer beater insurance, new deposit incentives, parlay profit enhancements, and more.

Promo offer:100% first deposit bonus worth up to $250
Promo period: Until April 5th, 2022
Available in: CO, IA, IL, IN, MI, PA, VA

How basketball odds work

Basketball odds function in the same way they do in most other sports. When sportsbooks determine College Basketball odds, they keep the general public in mind and assign probabilities based on a variety of parameters.

The odds tell you how much you may expect to win if you place a specific wager. For instance, if you bet on a team with favorable odds of +110, you stand a chance of winning $110 for every $100 placed. However, if the odds are -110, your projected winnings are $100 for a $120 stake.

Betting markets

The advantage of betting at sportsbooks is that they offer a diverse choice of betting markets and alternatives. In addition, they provide fantastic benefits and promotions such as welcome bonuses, free bets, and loyalty prizes. We will go over some of the betting markets accessible in college basketball below.

Moneyline

The most popular betting option offered in collegiate basketball tournaments is the moneyline bet, in which you simply place your money on a specific team to win the game.


Point Spreads

Point spreads, often known as handicap bets, are another college basketball betting market available at top sportsbooks. To balance out the odds, handicappers offer a team a positive or negative advantage in this choice.

 

Totals Under/Over

The totals under/over betting option is available at most top sportsbooks in the United States, including those we suggest. This way, you are betting on the total amount of points that will be scored in this game. Also, you can bet that the number of points scored will be less than or greater than a certain value set by the betting company.
 

Proposition Bets

This is a one-of-a-kind wager that has nothing to do with the result of the game. Prop bets are an excellent option for knowledgeable bettors since it allows them to forecast occurrences in a college basketball game without having to worry about the ultimate score.

 

Teasers

Teasers are bets that are comparable to parlay/accumulator bets. However, one notable distinction between these two betting choices is that teasers allow users to tailor the point spread to their liking and have lower odds than accumulators.

 

Proposition Bets

This is a one-of-a-kind wager that has nothing to do with the result of the game. Prop bets are an excellent option for knowledgeable bettors since it allows them to forecast occurrences in a college basketball game without having to worry about the ultimate score.

 

Teasers

Teasers are bets that are comparable to parlay/accumulator bets. However, one notable distinction between these two betting choices is that teasers allow users to tailor the point spread to their liking and have lower odds than accumulators.

Thing to consider when betting on college basketball

When betting on any NCAA tournament, users must take a few aspects into account. Here are some of these variables and how they may affect your forecast.

 

Current form

Examine the current shape of a college basketball team on which you want to bet. If the team is on a good track, enthusiasm will be high, making them a difficult opponent to confront. However, if a team is on a losing streak and is competing against a contender, it is more likely to lose the game.

 

Trained coaches

There are two types of coaches in college basketball: new coaches and college basketball legends. Experience is important, particularly in big matches like March Madness. Take note of coaches such as Jay Wright and Tom Izzo.

 

Past performances

Examine how the team played late in the seeason and conference tournaments, as several perform well when they enter the tournament on a high note.

 

Points Per Play (PPP)

Another metric to consider is the average number of points scored by an NCAA basketball team per game. By using the PPP data, you can rapidly determine whether a team will score more than or less than the stated number of points in a game.

FAQ

Is it legal to bet on college basketball?

You may wager on college basketball in places where sports betting is permitted. Some states prohibit wagering on in-state college teams or tournaments.

Which teams have the best chances of winning the NCAA Tournament?

Gonzaga, Kentucky, Duke, Arizona, Purdue, and Auburn are among the teams with the best odds of winning the NCAA Tournament.

What are the differences between betting on the NBA and college basketball?

The major difference between college basketball and the NBA is the game's length: the former lasts 40 minutes, while the latter lasts 48 minutes.

Gus
Gus Anderson
Gus Anderson is a gambling wizard. As a kid he dreamt about becoming a Tennis, Hockey and Golf professional but ended up as a gambling professional with focus on both sports & casino.