How to Win Money Betting on March Madness by Using the Best Sportsbook Promotions and Odds

Updated: Dec 20, 2023, 6:21 AM ET | First published: Mar 23, 2021, 7:08 PM ET

How to Win Money Betting on March Madness by Using the Best Sportsbook Promotions and Odds

March Madness always presents a chance for sports fans to win big on betting, and this year has been no different. Parlays, underdogs and prop bets are also highlights, but there are also big ways to win, just by using the Sportsbook promo offers!

Since day one of the Tourney, we've been helping bettors make the most of some huge sportsbook offers that have paid out BIG.

Here are the offers that have been utilized by the Dimers community:

FanDuel Sportsbook

Bet the Tourney Risk-Free!

Throughout the first few days of the tournament, FanDuel Sportsbook offered new customers the opportunity to bet the March Madness Tourney completely risk-free.

How? I hear you ask...

Put simply, if your first bet lost you got a free bet back, equal to the value of your stake, up to $1,000.

Ok then, what is FanDuel Sportsbook offering for the Sweet 16?

Well, you can get insane 30/1 odds on any team to win their Sweet 16 game!

This one was a total no-brainer for new customers of PointsBet. All you needed to do was place a $20 moneyline or spread bet on ANY March Madness game to win $150 after the first point was scored. This was a great way to build your betting bank and highlights why you should have more than just one betting account.

Ok, so what is PointsBet offering for the Sweet 16?

The exact same! Yep, you can still sign up to PointsBet and win $150 after a single point is scored in ANY game.

DraftKings SportsBook

64/1 on ANY underdog to win their Round 1 or 2 game.

If you like to bet on underdogs at the moneyline this new DraftKings Sportsbook offer was the one for you! Actually even if don't, this was a good promo to turn $4 in $256 and build your March Madness bank. All you needed to do was find an underdog to win a Round 1 or Round 2 game and you'd have cashed in! And by the way, there were 15 underdog winners - yes 15!!

So what is DraftKings Sportsbook offering for the Sweet 16 then?

Bet $1 and Win $100 with DraftKings Sportsbook when you bet the moneyline on any March Madness game from Sweet 16 through to the Final.

BetMGM Sportsbook

Bet $10, Get 16 x Free Bets for Round 1

BetMGM continues to go from strength to strength, increasing market share due to their great range of customer offers and slick technology.

This March Madness promo was perfect for the new sports bettor, simply allowing them to place 1 x $10 bet on a Round 1 game to get 16 x FREE March Madness bets in return, to the value of $10 each. NO. BRAINER.

Wow, so what is BetMGM offering for the Sweet 16?

At the time of writing, BetMGM is yet to produce a new March Madness offer, but that doesn't mean you can't sign up and cash in!

Your first bet with BetMGM is risk-free up to $600! If you lose, get it back in bonuses! Join BetMGM here!

UniBet

Risk-free bets for nothing!

To celebrate this year’s college showdown, UniBet are doubling up and offering all new players $40 in free bets (no deposit needed) and $500 back as a risk free bet if you don’t win your first cash bet.

What is UniBet offering for the Sweet Sixteen?

The exact same! Yep, you can still sign up to UniBet and receive $40 in free bets (no deposit needed) and $500 back as a risk-free bet!

Written by

Dimers Staff

For articles with several contributors, we use this author profile. This profile is also used for new sportsbook promos and offers. Our contributors' level of experience spans all sports and bet types. We hope we have you covered, no matter what you're betting on.

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