ByFrank Ammirante

Mar 19, 2024

First Round March Madness Betting Promos & Best Bet

March Madness has finally arrived, so it’s time to dive into the best bets and betting promos for the first round of the NCAA Tournament.

The first round is ideal for sports betting because there are so many games to choose from, giving you a number of options at your disposal.

With that in mind, let’s dive into the first round March Madness best bets and betting promos, which feature some of the best sportsbook promos in the industry.

First Round March Madness Betting Promos

NC SportsbookWelcome Bonus
bet365 NC🎁
DraftKings NC🎁
Caesars Sportsbook NC🎁
Fanatics Sportsbook NC🎁
FanDuel NC🎁
ESPN BET NC🎁 Get $200 In Bonus Bets
Underdog Sports🎁

Each of the first round March Madness betting bonus outlined below are not withdrawable and expire seven (7) days after receipt, unless stated otherwise.

BetMGM North Carolina

You won’t want to miss out at BetMGM North Carolina, where new users will receive $150 in guaranteed bonuses with bonus code .

All that you need to do is place your first wager (minimum $5). Win or lose, you’ll receive three (3) $50 bet tokens adding up to $150.

If you’re outside of NC, BetMGM is offering a First Bet Bonus up to $1,500. In other words, your first bet is matched in refunds up to $1,500 if it ends up losing.

bet365 North Carolina

bet365 North Carolina is the only sportsbook that includes a choice between two welcome bonuses with bonus code :

  • 😼 Bet $5, Get $200
  • ⛏️ $1K First Bet Safety Net

If you choose Bet $5, Get $200, your first bet ($5+) will net you $200 in guaranteed bonuses. In other words, even if your first bet loses, you’ll still get the bonus.

The $1K First Bet Safety Net is when your first bet is reimbursed in bonuses up to $1,000 if it loses.

Please note that bet365 has the same offer for the rest of the country.

DraftKings North Carolina

Sign up at to lock in $250 in guaranteed bonuses. All you need to do is place a $5+ first wager and you’ll get 10 $25 bet tokens adding up to $250.

There is no promo code required to unlock this lucrative offer.

If you’re outside of NC, you’ll be entitled to a Bet $5, Get $150 welcome bonus at DraftKings.

FanDuel North Carolina

Join to secure a Bet $5, Get $250 promo for new users. Simply place a $5+ first bet to lock in $250 in bonus bets, which will come in the form of 10 $25 bet tokens.

You won’t have to type in a promo code to take advantage of this generous promo.

FanDuel users located outside of NC will enjoy a Bet $5, Get $150 new-player offer.

Underdog North Carolina

Underdog North Carolina is making its debut as a full-fledged sportsbook in the Tar Heel State, offering a $1,000 First Bet Mulligan for new users.

If you bet at least $5 and end up losing, you’ll be matched in bonuses (maximum $1,000). The bonus will be provided as a single bet token that matches your initial wager.

What’s great about this promo is that the bonus won’t expire until 14 days have passed, so you get an extra week to use it than the standard seven-day period.

Fanatics North Carolina

Take advantage of a brand new sportsbook in Fanatics North Carolina, which has a unique offer that can net you up to $1,000 in bonus bets.

To max out this offer, place a $100 bet each day for 10 consecutive days. Each time you do that, you’ll get one $100 bonus per day for the 10-day period, putting your total bonuses at $1,000.

Please note that if you miss one day from the 10-day period, you will forfeit your bonus for that day.

First Round March Madness Best Bet

UConn -26.5 over Stetson at bet365 Sportsbook ()

The UConn Huskies are the defending national champions, poised for another deep run in this year’s NCAA Tournament.

UConn is ranked first overall per KenPom, coming in first in adjusted offensive efficiency and 11th on the defensive end.

While 26.5 points is a lot to lay, the Huskies are going at it with a Stetson team that is 218th overall, per KenPom.

It’s hard to see how the Hatters can slow down the Huskies elite offense in this one.

Promo Type
SportsBookbet365 Sportsbook
How to Enter


Frank Ammirante

Frank Ammirante is a Senior Sports Writer at The Game Day. Previously, he wrote for 4for4 Football and RotoBaller. Frank is a member of the Fantasy Sports Writer's Association while maintaining an active presence within the community. He has competed in industry contests like the Scott Fish Bowl, The Great Fantasy Baseball Invitational, and more. Frank will be making his debut in Tout Wars this year. He's got a diverse sporting background, but specializes in football and baseball.

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