NCAA Basketball Sports Betting Promos and Bonus Codes 2022

December 7, 2022

The NCAA Division I Men's Basketball Tournament is a single-elimination tournament played annually in the spring.

The Kansas Jayhawks won the 2022 NCAA tournament championship by beating the North Carolina Tar Heels (72-69). The upcoming 2023 NCAA tournament championship will be held from March 14, 2023, to April 3, 2023. The tournament, known as March Madness, will include 68 teams. The First Four games will be held in Dayton, Ohio, while the National Semifinals and Championship will be held in Houston, Texas.

There are some restrictions when betting on collegiate sports, such as athlete age restrictions, and many sportsbooks prohibit betting on local teams. For instance, sportsbooks in Indiana can't take bets on Indiana University. In other states, like Iowa, sportsbooks can't offer prop bets on college players.

However, that certainly doesn’t mean you can’t place your bet on March Madness since there are many other alternatives to bet on. Try some of these sportsbook promos to elevate your NCAA Basketball betting experience and juice up your bankroll.

SportsbookPromotionPromo Code
🏅 DraftKings SportsbookBet $5 Win $200 On Any BetNone Needed - Use Link
🏅 Caesars SportsbookUp To $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®SQOREFULL
🏅 BetMGM Sportsbook$1,000 First Bet OfferSQORE1000 
🏅 FanDuel SportsbookBet $5 Get $150None Needed - Use Link
🏅 SI SportsbookBet $20 Win $200None Needed - Use Link
🏅 BetRivers Sportsbook2nd Chance Bet Up To $500SPORTS
🏅 PointsBet Sportsbook$2,000 Risk-Free BetSQORE2000

DraftKings Sportsbook - Bet $5 Win $200

DraftKings is one of the leading online sportsbooks in the US and they have a special promotion just in time for the College basketball season. Simply make your first deposit bet $5+ on any pre-game moneyline and you will win $200 instantly!

Promo OfferBet $5 Win $200 On Any Bet
Promo CodeNone Needed - Use Link
Eligible StatesAZ, CO, CT, IA, IL, IN, KS, LA, MD, NJ, NY, OH, MI, PA, TN, VA, WV, WY

Bet $5 Get $200

DraftKings Sportsbook - 20% up to $1,000 deposit bonus

DraftKings Sportsbook offers a lot of rewards thanks to their associations with various major sports leagues. They are giving a 20% deposit bonus to their new recruits up to $1,000, with a minimum deposit of only $5. To get this promotion, you simply need to join using the link below and put in your first deposit.

Promo Offer:20% up to $1,000 deposit bonus.
Promo Code:None Needed - Use Link
Eligible States:AZ, CO, CT, IA, IL, IN, KS, LA, MD, NJ, NY, MI, OH, PA, TN, VA, WV, WY

$1000 BONUS

Caesars Sportsbook - Up To $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®

With Caesars Sportsbook, your first bet is on the sportsbook itself, completely risk free, for up to $1,250. In addition to the risk free bet, you will get 1,000 Tier Credits and 1,000 Reward Credits®. The minimum on your risk-free wager is just $10. After registering with our promo link below, all credits will be added to your Caesars account within seven days.

Promo Offer:Up To $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®
Eligible States:AZ, CO, IA, IL, IN, LA, MD, NJ, NY, MI, OH, TN, VA, WV


FanDuel Sportsbook - Bet & Get

FanDuel Sportsbook is a legit betting platform that constantly gives many great deals for its customers. Currently, FanDuel is offering a welcome promo for new users. 

If you register through the link your first bet of $5 gets you $150 in bonus bets win or lose. 

Promo Offer:Bet $5 Get $150
Promo Code:None Needed - Use Link
Eligible States:AZ, CO, CT, IA, IL, IN, LA, MD, NJ, NY, MI, PA, OH, TN, VA, WV, WY

No Sweat First Bet up to $3,000

BetMGM Sportsbook - $1,000 First Bet Offer

BetMGM Sportsbook is the most notable name in the betting industry as they are the betting host for MGM Resorts International. They have a genuinely easy to use mobile app and website with various offers and promotions. As of now, they are offering up to $1,000 first bet if you lose get it back in bonus bets that you can claim just by following the link below and signing up. Simply make the $10 minimum deposit, and place your first wager, and get it back in bonus bets if it loses

Promo Offer:First Bet Offer: Get Up To $1000 Back In Bonus Bets
Promo Code:SQORE1000
Eligible States:AZ, CO, DC, IA, IL, IN, LA, MD, NJ, MI, MS, OH, TN, VA, WV, WY


SI Sportsbook - Bet $20 Get $200

The welcome bonus at SI Sportsbook is one of the best in the business. Bet $50 on any game with a minimum odds of +120 and get $200 in free bets if it wins

Promo Offer:Bet $20 Win $200 (+120 odds or more)
Promo Code:None Needed - Use Link
Eligible States:CO, MI, VA

Bet $20 Win $200

Bet @SI
Bonus code: SI200

BetRivers Sportsbook - 2nd Chance Bet Up To $500

Operated by Rush Street Gaming Interactive, BetRivers Sportsbook gives a great experience with their coverage of different types of sports and events. Moreover, they have a 100% deposit bonus exclusively for their new sign-ups up to $250.

Promo Offer:2nd Chance Bet Up To $500
Promo Code:SPORTS
Eligible States:AZ, CO, IA, IL, IN, LA, NY, MI, PA, TN, VA, WV

UP TO $500

PointsBet Sportsbook - $2,000 Risk-free bet

PointsBet Sportsbook is a high-end sportsbook that gives its players an open and incredible betting experience. They have an extraordinary sign-up promotion in their current $2,000 risk-free bet. Just put the code beneath when you join, make the minimum deposit of $5 and make your first bet. On the off chance that you win the bet, it will carry out as it should be yet assuming you lose, you are attributed free wagers to the sum you lose up to $2,000.

Promo Offer:$2,000 Risk-Free Bet
Promo Code:SQORE2000
Eligible States:CO, IA, IL, IN, NJ, NY, PA, VA, WV

UP TO $2000

NCAA Basketball Overview

The NCAA Division I basketball National Champion for the 2021–22 season was determined by a single-elimination tournament of 68 teams. The 83rd annual tournament was held from March 15 to April 4, 2022. In that tournament, the Kansas Jayhawks defeated the North Carolina Tar Heels 72-69 in the Championship Game to win the school's fourth national championship.

This year's NCAA tournament will take place from March 14 to April 3, 2023. As always, games will be played on neutral floors throughout the country, bringing the excitement we have always come to expect during March Madness. 

How to pick the best online sportsbook for NCAA Basketball betting?

✅ Have an idea of what you are looking for.

✅ Check for sportsbook reviews.

✅ Check out what types of markets and offers are available. 

How to sign up on a betting site.

When registering with a betting site, you usually only need to provide the following information: your full name, your email address, a user name, a secure password for your account, your phone number, your birth date, and your social security number's last four digits.

Once your account is set up, most sportsbooks will require an initial deposit. All major credit cards, debit cards, paypal and sometimes Venmo and e-wallets are accepted by most sportsbooks.

Types of College Basketball bets


A moneyline bet is the most basic type of bet in sports betting. It's a bet on which team will win a game.  A point spread or conditions are absent and it is purely an odds based bet.

✅Point spreads

A point spread, also called "the spread," is a points or equivalent figure used in sports betting to set a handicap between two teams. Oddsmakers at sportsbooks are the ones who create the the spread. Betting against the spread allows bettors to take a favorite or underdog without factoring in moneyline odds. 


Totals are how many points, runs, goals or equivalent a game or match is expected to have when totaling the scoring of both teams. Bettors can bet "over" or "under" the points or similar total. An example of a total would be in the 160 point range.  


Prop bets are bets on specific instances or statistics within a game or match. These could include which team will score first or how many yards a player might accumulate. The term "game within a game" is often used to describe it. In many instances, these bets are made on high profile sporting events, such the Super Bowl.

✅ Same game parlay

Same-game parlays, also called single-game parlays, let gamblers combine multiple bets on the same game into a single parlay. The concept has been a huge success and is quite popular.

✅Live betting

Live betting, which is also called "in-play betting," is gambling that takes place during a game. Bettors can wager on games at any time, not just before they start. This means that the odds fluctuate depending on game flow.


A parlay is a bet on more than one team or outcome, either against the spread on the moneyline, props, or a combination thereof. For the wager to be successful, all of the legs or pieces included must win. The odds improve on the payout as more legs are added.

✅Alternate lines

The term "alternative lines" refers to betting on the spread or total of a sporting event rather that differs from the flat line and offers odds in return.  This bet is more difficult to win, but the potential rewards are greater as well.


With futures bets, you can wager on longer term outcomes. These could include league champion wagers or individual honors, such as an MVP. 

✅Teaser Parlays

A type of parlay that allows a gambler to bet on two different betting outcomes, with improved lines on both. The bettor must win all legs for a teaser to be a winner, and are generally only an even money return. 


In which state are the sportsbooks that provide college basketball betting available?

Check out the list of states with the promo offers  above to see if you live in one of those states.

How do I navigate to these sportsbooks?

You can use any web browser and any device to get to their site, simply follow the provided links.

Do I have to live in one of the legal states?

You don't have to live in one of the legal states to have the app and use it. Physical presence is all that is required. 

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.