Who has the best chances to win March Madness 2023 Tournament?

The two big March Madness favorites right now include the Alabama Crimson Tide (+500) and Houston Cougars (+700). These teams both won in the first round and have kept their championship hopes alive.

How do I bet on March Madness on my mobile?

You can get started by visiting a mobile sportsbook through your phone. Next, you must sign up and place the minimum deposit or more. Once you have funds, you’ll be able to wager on March Madness teams.

Where is the second round of March Madness 2023?

Multiple locations are playing host to second round March Madness games. These venues include Amway Center (Orlando, FL), Golden 1 Center (Sacramento, CA), MVP Arena (Albany, NY), and Wells Fargo Arena (Des Moines, IA).

Cinderella Teams in March Madness?

No. 16 Fairleigh Dickinson is the biggest Cinderella heading into the second round. After shocking No. 1 Purdue, it faces No. 9 Florida Atlantic. No. 15 Princeton is another big Cinderella remaining after knocking off No. 2 Arizona.

Why is the tournament called the Big Dance?

Former Marquette coach Al McGuire inspired this nickname during a 1977 interview. Asked about his blue blazer, he replied, “You gotta wear the blue blazer to the big dance.” The nickname stuck and is still used alongside March Madness.

Best March Madness Betting Bonuses - Second Round

Article By Jeremy Olson

Last Updated: Mar 14^th, 2024

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Best March Madness Betting Bonuses - Second Round

As always, March Madness is off to an exciting start with plenty of upsets in the first round. We’re now moving into the second round, and several great March Madness bonuses are still available. You can learn about the best tournament promos below, which all come from top-tier March Madness betting sites.

March Madness Bonuses For Round of 32

The 2nd round of the Big Dance gets underway at 12:10pm EST on Saturday, March 18. No. 13 Furman will take on No. 5 San Diego State to open the Round of 32 action.

What does this mean for you as a March Madness bonus hunter? You can still look forward to great deals—some of which expire after the second round ends on March 19. That said, let’s not waste anymore time getting to the best March Madness bonuses.

Best March Madness Betting Promos At A Glance

Sportsbook	Bonus Code
⭐ Betway Sportsbook	$250 in Bonus Bets (Code - N/A)
⭐ Bet365 Sportsbook	Get $365 in Bonus Bets (Code - “GAMBLING”)
⭐ DraftKings Sportsbook	Bet $5 Get $200 in Bonus Bets (Code - N/A)
⭐ BetMGM Sportsbook	Bet $10 Get $200 in Bonus Bets (Code - “GAMBLINGMARCH”)
⭐ FanDuel Sportsbook	10x Your First Bet Up to $200 (Code - N/A)
⭐ Unibet Sportsbook	$500 First Bet Insurance (Code - “MARCH”)
⭐ Caesars Sportsbook	Get $1250 Bonus (Code - “GAMBLINGFULL”)

Betway March Madness Bonus - $250 Bonus for 2nd Round

Betway is offering up to $250 in bonus bets for anybody who loses their first wager. You need to opt-in to this promotion, deposit at least $10, and place your first bet. If you lose, Betway Sportsbook will reimburse you with bonus bets totaling up to $250.

Wagering requirements

The wagering requirements on the bonus wagers are only 1x. Other notable terms behind this deal include:

$10 minimum first deposit (no minimum bet listed).
-300 minimum odds on the first bet.
The first wager has to settle within 7 days.
Bonus bets have a 7-day expiration date.
Promo is available until April 3, 2023.

How to Claim the Offer

You can follow the steps below to cash in on this deal:

Visit Betway via our link (no code necessary).
Register and deposit at least $10.
Opt-in to the promotion.
Place your first bet at -300 minimum odds or better.

Established 2006

Betway US Sportsbook Bonus

Check Out Betway Here

Bet Now

Must be 21+ to participate & present in Ohio. Must be a new verified Betway customer. Gambling Problem? Call 1-800-GAMBLER.

Bet365 March Madness Promo: Get $365 in Bonus Bets

Bet365 was initially only running their Bet $1, Get $365 bonus for the “First Four” games. However, it has extended this offer into the second round. That said, you can still get $365 in bonus bets after wagering just $1. You’ll need to enter the code GAMBLING at Bet365 Sportsbook to claim this bonus.

Wagering requirements

You must meet 1x rollover on winnings from the bonus bets. Other notable terms are as follows:

$10 minimum first deposit.
$1 minimum wager.
Promotion lasts through the second round (ends late on March 19).

How to Claim the Offer

Go to Bet365 and enter the code GAMBLING.
Deposit at least $10.
Bet $1 or more.
Collect $365 in bonus wagers.

Established 2001

Bet365 Sportsbook Bonus

First Bet Safety Net up to $1,000
Promo Code: GAMBLING

Bet Now

Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER

DraftKings $200 Bonus Spices Up Your Second Round Betting

DraftKings is running a Bet $5, Get $200 deal until the second round ends on March 19. In short, you’ll receive $200 in bonus bets after making your first $5+ wager. DraftKings Sportsbook will provide eight separate bonus wagers worth $25 each (8x$25). We always prefer multiple bonus bets, as opposed to one large wager.

DraftKings sportsbook March Madness Betting

Wagering requirements

Winnings from bonus bets carry 1x wagering requirements. Here are the other important T&Cs:

Bonus wagers come as eight individual $25 bets.
$5 minimum first deposit.
$5 minimum first wager.
Promo lasts until March 19 at 11:59pm EST.

How to Claim the Offer

The DraftKings March Madness promo is available through the following steps:

Go to DraftKings through our Gambling.com link.
Register and deposit at least $5 (no code needed).
Make a first bet worth $5 or larger.
Collect $200 in bonus wagers (8x$25).

Established 2012

DraftKings Sportsbook Bonus

Bet $5, Get $200 Instantly in Bonus Bets
+ Get a No Sweat NBA SGP Every Day of NBA Playoffs

Bet Now

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER.

BetMGM March Madness Promo: Bet $10, Get $200 in Bonus Bets

Gambling.com readers can get an exclusive BetMGM Sportsbook bonus from now until April 3 through code GAMBLINGMARCH. With this deal, you bet at least $10 on a tournament team and receive $200 in bonus bets. BetMGM will award the bonus wagers as four separate bets worth $50 apiece (4x$50).

Wagering requirements

1x wagering requirements apply to winnings stemming from bonus bets. Here’s a further look at the terms:

$10 minimum first deposit
$10 minimum first bet.
Promo runs from now until April 3.

How to Claim the Offer

Go to BetMGM through our link.
Sign up and enter code GAMBLINGMARCH.
Deposit at least $10.
Wager $10 or more on a tourney team.

Established 2018

BetMGM Sportsbook Bonus

Up To $1,500 in Bonus Bets If Your First Bet Loses
Bonus Code: GAMBLINGCOM

Bet Now

Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in OH. In partnership with MGM Northfield Park. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

FanDuel 2nd Round Promo - 10x Your First Bet Up to $200

FanDuel will give you a bonus worth 10x your first bet from now until March 19. If you wager $10, for example, you’d receive $100 in bonus bets. The maximum amount that FanDuel Sportsbook will award is $200 in bonus wagers (for a $20 bet).

Fanduel sportsbook March Madness Betting

Wagering requirements

Rollover on this March Madness betting bonus is 1x the winnings from bonus wagers. Other noteworthy terms include:

$10 minimum first deposit.
$5 minimum first wager.
You can bet on any sport—not just college basketball picks.
Bonus bets show up in your account within 72 hours.
Promo lasts until March 19 at 11:59pm EST.

How to Claim the Offer

Visit FanDuel through our Gambling.com link.
Deposit at least $10.
Bet $5 or more.
Collect bonus wagers worth 10x your first bet up to $200.

Established 2009

FanDuel Sportsbook Bonus

Bet $5, Get $150 in Bonus Bets

Bet Now

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER

Unibet March Madness Promo - $500 First Bet Insurance for Round of 32

Available only to Pennsylvanians, Unibet Sportsbook is offering up to $500 in first bet insurance until April 3. You need to deposit $10 or more and use code MARCH to qualify. Afterward, you can bet at least $10 and receive a matching refund up to $500 for a loss.

Wagering requirements

The bonus funds carry 1x wagering requirement, while other terms are as follows:

Only available to those within Pennsylvania’s borders.
$10 minimum first deposit.
$10 minimum first bet.
-300 minimum odds on bonus wagers.
30-day expiration date on bonus bets.

How to Claim the Offer

You can get this bonus through the steps below:

Be inside of PA borders.
Go to Unibet via our link.
Sign up and enter code MARCH.
Deposit $10 or more.
Bet at least $10.

Established 2013

Caesars Sportsbook Bonus

$1,000 First Bet on Caesars
Promo Code: GAMBLING1000

Bet Now

Must be 21+ to participate. T&Cs apply.

Caesars March Madness Betting Promo Code “GAMBLINGFULL” - Get a $1,250 Bonus

The Caesars Sportsbook March Madness bonus is actually the biggest offer covered here. It provides up to $1,250 in first bet insurance, along with 1,000 REWARD CREDITS® and 1,000 TIER CREDITS. You can qualify by using code GAMBLINGFULL and making a first bet worth $10 or larger. Assuming your first wager loses, you’ll get a matching refund/bet credit up to $1,250.

Caesars sportsbook March Madness Betting

Wagering requirements

This bonus features 1x rollover on the bet credit, along with the following terms:

$10 minimum first-time deposit.
$10 minimum wager.
Promo runs until April 3.

How to Claim the Offer

Here are the steps to qualify for this bonus:

Go to the Caesars online sportsbook.
Sign up and use code GAMBLINGFULL.
Deposit a minimum of $10.
Bet $10 or more.
Collect up to a $1,250 bet credit on a loss.

Established 2013

Caesars Sportsbook Bonus

$1,000 First Bet on Caesars
Promo Code: GAMBLING1000

Bet Now

Must be 21+ and present in OH. New users and first wager only. Must register with eligible promo code. Maximum bet credit $1,000. Must be used within 14 days of receipt. See Caesars.com/promos for full terms. Void where prohibited. Know When To Stop Before You Start.® Gambling problem? Call 1-800-GAMBLER

How Do We Select the Best March Madness Bonuses for the Big Dance!

We consider both the size and T&Cs when picking top March Madness betting offers. Size is important to anybody who’s looking for lots of bonus cash. The T&Cs determine how difficult it’ll be to unlock and withdraw bonus funds. Some desirable terms include low rollover, a long expiration date, and at least -300 minimum odds.

You Can Now Legally Bet on the Round of 32 March Madness Matchups

Many states have legalized March Madness betting and sports gambling in general. That said, you can place legal 2nd round wagers in the following states

Arizona
Arkansas
Colorado
Connecticut
Delaware
Illinois
Indiana
Iowa
Kansas
Louisiana
Maryland (recently legalized sports betting)
Massachusetts (recently legalized)
Michigan
Mississippi
Montana
Nevada
New Hampshire
New Jersey
New York
Ohio (recently legalized)
Oregon
Pennsylvania
Rhode Island
South Dakota
Tennessee
Virginia
Washington DC
Washington
West Virginia
Wyoming

Why Sign Up with The Top Sportsbooks?

The best March Madness betting sites have stellar reputations and treat customers fairly. You don’t need to worry about getting ripped off when dealing with the top betting sites. Number two, elite bookmakers ensure that bettors always have bonuses to chase. You may want to browse an online sportsbook’s promotions section before signing up and depositing.

Stay up to date with the latest betting offers and promotions at Gambling.com

You can expand your search for March Madness bonuses beyond this page. Our Gambling.com best betting promotions provide access to many deals throughout the betting world.

Established 2018

BetMGM Sportsbook Bonus

Up To $1,500 in Bonus Bets If Your First Bet Loses
Bonus Code: GAMBLINGCOM

Bet Now

FAQ

Who has the best chances to win March Madness 2023 Tournament?: The two big March Madness favorites right now include the Alabama Crimson Tide (+500) and Houston Cougars (+700). These teams both won in the first round and have kept their championship hopes alive.
How do I bet on March Madness on my mobile?: You can get started by visiting a mobile sportsbook through your phone. Next, you must sign up and place the minimum deposit or more. Once you have funds, you’ll be able to wager on March Madness teams.
Where is the second round of March Madness 2023?: Multiple locations are playing host to second round March Madness games. These venues include Amway Center (Orlando, FL), Golden 1 Center (Sacramento, CA), MVP Arena (Albany, NY), and Wells Fargo Arena (Des Moines, IA).
Cinderella Teams in March Madness?: No. 16 Fairleigh Dickinson is the biggest Cinderella heading into the second round. After shocking No. 1 Purdue, it faces No. 9 Florida Atlantic. No. 15 Princeton is another big Cinderella remaining after knocking off No. 2 Arizona.
Why is the tournament called the Big Dance?: Former Marquette coach Al McGuire inspired this nickname during a 1977 interview. Asked about his blue blazer, he replied, “You gotta wear the blue blazer to the big dance.” The nickname stuck and is still used alongside March Madness.