Best March Madness Betting Promos & Bonuses for Elite 8 Weekend

Best March Madness Betting Promos & Bonuses for Elite 8 Weekend
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The Week 3 of March Madness is underway, with the Elite 8 matchups on the schedule this weekend. Two games were completed on Saturday afternoon with FAU pulling an upset over No. 3 Kansas State. UConn thrashed Gonzaga more easily than expected. With two more games to be played on Sunday, March 26, 2023, you can score some great March Madness promos and bonuses and before the Final Four round of games begins. 

The Elite 8 betting promos that we’ll cover include bonus bets and first-bet insurance. Read on and find out how you can take the best of the available March Madness Elite 8 bonuses and get in on the betting action this weekend!

Best March Madness Elite 8 Bonuses Ranked:

The best bonuses for the Elite 8 betting fall into multiple categories. You can expect bonus bets, first-bet insurance, and much more. Not all of these deals will last past this round, so you’ll want to act on any interesting offers ASAP. In other cases, you have until the Championship Game on April 3 to cash in.

Best College Basketball Bonuses Available For the Elite 8 Matchups This Weekend:

College Basketball Promotion Sportsbook
🎁 Bet $10 Get $200 in Bonus Bets✅ BetMGM Sportsbook GAMBLINGMARCH
🎁 $250 in Bonus Bets✅ Betway Sportsbook - CLICK HERE
🎁 Get $365 in Bonus Bets✅ Bet365 Sportsbook - GAMBLING
🎁 Bet $5 Get $200 in Bonus Bets✅ DraftKings Sportsbook - CLICK HERE
🎁 10x Your First Bet Up to $200✅ FanDuel Sportsbook - CLICK HERE
🎁 Get $1250 Bonus✅ Caesars Sportsbook - GAMBLINGFULL

Read on to find out more about each of the March Madness betting offers below: 

BetMGM March Matchups Promo For Elite 8: Get up to $200 in Bonus Bets

BetMGM sportsbook March Madness Betting


How the offer works 

If you are a fan of basketball and like to get in on the betting action then you are up for a real treat with the special BetMGM Bonus for March Matchups. This renowned brand is offering up to $200 in bonus bets for first-time depositors and all you have to do is deposit $10 or more and bet at least $10. This offer is available throughout the tournament, so make sure to get the best of it and sign up with BetMGM Sportsbook

Is there a Promo Code?

When signing up, you will be asked to enter a unique promo code. Visit BetMGM sportsbook online today through our link and use this exclusive GAMBLINGMARCH. promo code to unleash the $200 in bonus bets!

Wagering requirements

Winnings from bonus bets are subject to 1x wagering requirements (a.k.a. rollover). Other notable terms include:

  • Your initial deposit should be at least $10.
  • Bet $10 min. or more on pre-game moneyline event.
  • Open to first-time BetMGM depositors until April 3.

Why it’s a good offer

This BetMGM Bonus for March matchups will get your blood pumpin' for more CBB action as it will give you the opportunity to get $200 (4 x $50) in bonus bets within 24 hours after making your initial bet.

What's best about it is that your initial bet doesn't have to win for you to get the bonus bets. You will get them regardless!!! 

Betway March Madness Bonus: Get up to $250 in Bonus Bets Explained

Betway sportsbook March Madness Betting


How the offer works 

Betway Sportsbook will insure your first bet by up to $250. You need to deposit and wager at least $10 to qualify. Assuming you lose, you’ll collect a bet credit worth up to $250.

Is there a Promo Code?

No bonus code is necessary to obtain this betting bonus. You have to follow our link to be eligible for this promo.

Wagering requirements 

This betting site places 1x wagering requirements on winnings from the bet credit. Other terms and conditions are as follows:

  • CLICK HERE to visit Betway (no code required).
  • $10 min. first deposit.
  • First wager must be at -300 min. odds or greater (e.g., -230).
  • Your first bet needs to settle within 7 days.
  • Bonus bets expire within 7 days if not used.
  • This deal runs until April 3, 2023.

Why it’s a good offer

Along with Caesars, Betway has the only other first bet insurance deal on this list. Furthermore, you merely need to meet 1x rollover on winnings stemming from the (potential) credit.

Bet365 March Madness Bonus: Bet $1 Get $365 in Bonus Bets Explained

Bet365 sportsbook March Madness Betting

How the offer works 

The Bet365 March Madness bonus offers $365 for a $1 bet. You need to deposit at least $10 and place a $1 minimum wager to qualify.

Is there a Promo Code?

You enter the promo code GAMBLING when signing up for an account.

Wagering requirements 

Rollover is 1x the winnings from bonus wagers. Other notable terms include:

  • $5 min. deposit
  • $5 min. first bet
  • First depositors only
  • Promo runs until March 26

Why it’s a good offer

This Bet365 Sportsbook deal features what is arguably the best of the Elite 8 sportsbook promo codes. You get the most bonus bets available ($365) for the smallest minimum bet ($1) of any March Madness bonuses.

DraftKings March Madness Bonus: Bet $5 Get $200 in Bonus Bets Explained

DraftKings sportsbook March Madness Betting

How the offer works 

DraftKings has a Bet $5, Get $200 deal for the NCAAB tournament. You just need to deposit and bet at least $5 to receive $200 in bonus bets.

Is there a Promo Code?

No code is necessary for this college basketball bonus. Instead, you simply need to visit DraftKings Sportsbook  through our link and complete registration.

Wagering requirements 

You can cash out winnings from bonus wagers after meeting 1x rollover. Here are the other important terms:

  • Visit DraftKings through our link - CLICK HERE
  • $5 min. first deposit
  • $5 min. first wager
  • 7-day expiration on bonus bets
  • Bonus wagers come as eight $25 bets (8x$25)
  • Deal runs until March 26, 2023

Why it’s a good offer

DraftKings is only asking you to wager $5 to get $150 in bonus bets. Furthermore, you have more flexibility with six $25 wagers versus a single $150 bet.

FanDuel March Madness Bonus: 10x Your First Bet Up to $200 Explained

Fanduel sportsbook March Madness Betting

How the offer works 

This bonus calls on you to place a first bet worth $5 or more. FanDuel Sportsbook will match your first wager with 10x the amount in bonus wagers up to $200.

Is there a Promo Code?

You don’t need a bonus code for this promotion. All you have to do is click through our link and visit FanDuel.

Wagering requirements 

Rollover is 1x on any potential bonus bet winnings. Here are the other terms:

  • CLICK HERE and visit FanDuel website (no code required)
  • $10 min. first deposit
  • $5 min. first wager
  • Promo runs until March 26, 2023
  • Bonus bets available within 72 hours after first wager
  • All sports are eligible (not just college basketball).

Why it’s a good offer

FanDuel certainly has one of the more interesting March Madness promos. It’s the only sportsbook that bases bonus wagers on a multiple of your first bet. Plus, up to $200 in bonus wagers is a solid offer in any situation.

Caesars Sportsbook Offer for March Madness: Get up to $1250 Bonus Explained

Caesars sportsbook March Madness Betting

How the offer works 

Caesars is offering first bet insurance worth up to $1,250, plus 1,000 TIER CREDITS and 1,000 REWARD CREDITS®. You qualify for this deal by depositing and betting at least $10. If your first wager loses, you’ll receive a matching bet credit worth as much as $1,250.

Is there a Promo Code?

You need to enter the bonus code GAMBLINGFULL when registering to qualify.

Wagering requirements 

The wagering requirements (a.k.a. rollover) are 1x the bonus winnings. Other notable terms include:

  • $10 min. first deposit
  • $10 min first bet
  • New depositors only
  • Promo lasts until April 3

Why it’s a good offer

The Caesars Sportsbook deal offers more potential bonus funds than other current Elite 8 betting promos. You can get a refund (bet credit) worth up to a whopping $1,250 after losing.

Recap of Week 2 of NCAAB Men's Basketball Tournament

As with most years, the first two weeks of the March Madness tournament were pretty wild. Plenty of upsets happened, with the biggest story so far being Princeton reaching the Sweet 16. Here are some notable scores and upsets from the first two weeks:

Round of 64

  • No. 16 FDU defeats No. 1 Purdue, 63-58
  • No. 15 Princeton beats No. 2 Arizona, 59-55
  • No. 13 Furman beats No. 4 Virginia, 68-67
  • No. 9 Florida Atlantic survives No. 8 Memphis ,66-65

Round of 32

  • No. 15 Princeton advances over No. 7 Missouri, 78-63
  • No. 9 Florida Atlantic wins over No. 16 FDU, 78-70
  • No. 8 Arkansas takes out No. 1 Kansas, 72-71
  • No. 5 Miami defeats No. 4 Indiana, 85-69

Round of 16

  • No. 5 San Diego upsets No. 1 Alabama 71-64
  • No. 5 Miami (FL) defeats No. 1 Houston 89-75
  • No. 9 FAU upsets No. 4 Tennessee 62-55
  • No. 15 Princeton ends its Cinderella run with a loss to No. 6 Creighton 75-86

What to Expect From The Elite 8 Matchups 

Two games of the Elite 8 matchups are behind us with UConn taking down Gonzaga and FAU upsetting Kansas St. on Saturday afternoon. 

  • No. 9 Florida Atlantic defeated No. 3 Kansas St. 79-76 
  • No. 4 UConn defeated No. 3 Gonzaga - 82-54

Here are our picks for the remaining two Elite 8 matchups:

  • No. 5 San Diego St. vs. No. 6 Creighton – Go with Creighton
  • No. 5 Miami (FL) vs. No. 2 Texas - Go with Texas

For more college basketball action visit some of the best betting sites, shop for the best odds and bonuses and get thebest college basketball bets for the Elite 8 round. 

Keep Up to Date with the Latest Betting Offers at 

Looking for more Elite 8 sportsbooks promo codes besides the ones covered here? Check bonus codes to find the latest and best March Madness bonuses. Our team scours many online sportsbooks to find the top Elite 8 bonuses available.


So far we have seen quite a few upsets and odds favorites exiting the tournament. Current odds suggest that Texas Longhorns are the favorites to win the title with +360. Right behind, the UConn Huskies are listed at +380. Creighton (+550) and Gonzaga (+600) are big contenders for the title according to the sportsbooks.

With March Madness it is never easy to predict the winner as we have seen many upsets in the past. However, you will increase your chances of predicting the winner if you study the teams well and do good research. Do not just rely on the odds and trends.

There are many great deals currently available for the March Madness Elite 8 round so make sure to shop around and find the best one for you. That is why we have come up with a list of the best of the best March Madness bonuses so make sure to visit the operators through our banners.