NCAA Basketball Sports Betting Promos and Bonus Codes 2023

March 3, 2023

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

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.

This tournament is the pinnacle of college sports betting, as bettors can wager on dozens of games over a period of just a few weeks. With all of those betting opportunities comes plenty of chances to take advantage of college basketball sportsbook promos. Here, we have compiled the best college basketball betting offers, to get more value out of wagering on the most exciting tournament in sports.

SportsbookPromotionPromo Code
Bet $5 Get $150 in bonus bets + No Sweat SGP DailyNONE NEEDED - Use link
Bet $5 and Get $150 in Bonus BetsSQOREBONUS
Bet $10 and Get $200 in Bonus BetsSQORE200
$1,000 First Bet on CaesarsSQORE1000
Bet $5 and Get $150 in bonus bets if your team winsNONE NEEDED - Use link
2nd chance bet up to $500SPORTS
2nd chance bet up to $250None Needed - Click here

Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KY, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY
Call 877-8-HOPENY or text HOPENY (467369) (NY), Call 1-800-327-5050 (MA), 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). 

DraftKings Sportsbook - Bet $5 Win $150

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 bet and you will win $150 in bonus bets!

Promo OfferBet $5 Win $150 On Any Bet
Promo CodeSQORE
Eligible StatesAZ, CO, CT, IA, IL, IN, KS, LA, MD, NJ, NY, OH, MI, PA, TN, VA, WV, WY

Bet $5 Get $200 + No Sweat SGP Daily

Bet @ DraftKings
Bonus Code: SQORE
Gambling Problem? Call or TEXT 1-800-Gambler 21+

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

Bet @ DraftKings
Bonus Code: CLICK HERE
Gambling Problem? Call or TEXT 1-800-Gambler 21+

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

$1,000 First Bet on Caesars

Bet @ Caesars
Bonus Code: SQORE1000
Gambling Problem? Call or TEXT 1-800-Gambler 21+

FanDuel Sportsbook - No Sweat Bet

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 is no sweat up to $1,000  in bonus bets if that first bet comes up short

Promo Offer:No Sweat Bet Up To $1000
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

Bet $5 Get $100

Bet @ Fanduel
Bonus Code: CLICK HERE
Gambling Problem? Call or TEXT 1-800-Gambler 21+

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

Bet $10 & Get $200

Bet @ BetMGM
Bonus Code: SQOREBET
Gambling Problem? Call or TEXT 1-800-Gambler 21+

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:SQORE200
Eligible States:CO, MI, VA

Bet $20 Win $200

Bet @ SI
Bonus Code: SQORE200
Gambling Problem? Call or TEXT 1-800-Gambler 21+

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

Bet @ BetRivers
Bonus Code: SPORTS
Gambling Problem? Call or TEXT 1-800-Gambler 21+

PointsBet Sportsbook - Second Chance Bets

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 five second chance bets worth up to $250.  

Promo Offer:5 - $50 Second Chance Bets
Promo Code:Not Needed Click Here
Eligible States:CO, IA, IL, IN, NJ, NY, PA, VA, WV, OH


Bet @ PointsBet
Gambling Problem? Call or TEXT 1-800-Gambler 21+

NCAA Basketball Overview

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.

There are a few notable national contenders that have emerged throughout this college basketball season that are worth keeping an eye on this March. Teams like the Houston Cougars, Alabama Crimson Tide, and Kansas Jayhawks have all shown that they have the ability and the depth to make a deep run in this tournament, but they will face stiff competition from the rest of the field if they want to cut down the nets in Houston.

This season has also been marked by several big-name programs struggling relative to their usual standards. Kentucky, Duke, and North Carolina have not been at the top of the college basketball rankings like usual, and will need to play their best basketball if they want any chance at a run to the Final Four.

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 accompanying each of the promo offers above, as those are the states where each sportsbook can be used.

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 on this page.

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 a sportsbook app and use it. Physical presence in those states when placing a bet is all that is required. 

Can I bet on in-state college basketball teams?

The rules on betting games featuring college basketball teams in your state vary on a state by state basis. For example, New York does not allow betting on New York college teams, while other states do.

Can I bet on college basketball props?

College basketball prop bets can be wagered on in some states, while others do not allow it. This is also something that varies on a state by state basis.

Can I bet on Same Game Parlays in college basketball?

Yes, most sportsbooks offer Same Game Parlays for college basketball, with the types of props that can be added to them dependent on the state a bettor is in.

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.