The only thing more exciting than March Madness and Selection Sunday is seeing all the sportsbook promos that are available for Round 1.
With college basketball’s annual tournament serving as one of the most ardently bet sporting events each year, leading sportsbooks are stepping up with a variety of offers for new customers.
Check out some of the best promos for Round 1 of March Madness below.
March Madness Round 1 promos
LSR helps set you up for the best possible March Madness betting experience by breaking down the top March Madness promos for new customers at industry-leading sportsbooks.
Due to the nature and terms of these offers, which are accessible through LSR’s exclusive links and promo codes, we consider them to be the best way to enjoy all the rounds of March Madness action.
DraftKings March Madness promo: Up to $1,250 in bonuses
Bettors who’ve yet to get a first-hand look at the industry-leading offerings of DraftKings Sportsbook can now capitalize on a three-pronged sportsbook promo just in time for March Madness action that will award them up to $1,250 in bonuses.
The first component is a $50 bonus bet that a new customer will receive with an initial deposit of at least $5; the second is $200 in bonus bets with a first-time bet of at least $5; and the third is a 20% first-deposit match up to $1,000, although that has a 25x playthrough requirement.
Bet $5 Get $200 in Bonus Bets
PLUS Get a $50 Bonus Bet on Deposit
PLUS up to $1,000 Deposit Bonus
Gambling Problem? Call 1-800-GAMBLER
Caesars March Madness promo code LSRDYW: 10 100% profit boost tokens
Caesars Sportsbook has carved out an increasingly bigger share of the US regulated sports betting market and offers new and experienced bettors an extensive array of prebuilt game and prop parlays.
Those ready to try out Caesars Sportsbook for the first time can access the new customer welcome bonus via the code LSRDYW, which triggers 10 100% profit boost tokens via an initial wager of as little as $1, whether that bet wins or loses.
Tokens are good for 14 days, and the maximum wager amount they can be applied to is $25, meaning there are plenty of chances to take a financial stake in some March Madness action!
- Stream NFL Games In-App for Free
- 21+ Gambling problem? Call 1-800-GAMBLER
- Use Promo Code: LSRDYW
BetMGM March Madness bonus code PLAYLSR: Up to $1,500 in bonus bets
BetMGM offers plenty of domestic and international event betting markets, as well as competitive odds. Its current offer includes a sportsbook promo for new customers accessible via the promo code PLAYLSR, which triggers a refund in the form of bonus bets equal to a bettor’s first wager — up to $1,500 — if that initial bet doesn’t cash. That essentially means a second chance at making a wager if your first one fails.
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. 21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: PLAYLSR
Bet365 March Madness bonus code LSRBET: Choose between two
Bettors looking to try out the platform of internationally renowned sportsbook bet365 are in luck! With the bonus code LSRBET, new bet365 users can access one of two sportsbook promos.
The first involves making a minimum deposit of $10 and placing an initial bet of $5 on a wager with -500 odds or longer, which will get the customer $150 in bonus bets.
The second is a first-bet insurance offer that also requires a minimum deposit of $10 and initial bet of at least $5. If that first bet loses, you’ll get your bet amount back as a refund in bonus bets up to $1,000.
- Bet $5 Get $150 in Bonus Bets Win or Lose
- OR First Bet Safety Net up to $1,000
- 30% Extra on Same Game Parlay Profit
- T&Cs Apply. Gambling Problem? Call or text 1-800-GAMBLER 21+
- Use Bonus Code: LSRBET
How to claim Round 1 promos
Claiming a sportsbook promo is a relatively straightforward and streamlined process. A sportsbook customer first completes the account creation process, which typically requires submitting basic personal identifying information.
An initial deposit, generally with a minimum of $5 or $10 — is also usually necessary before you can claim a sportsbook bonus. Once you’ve done that, you may need to enter a promo code in the appropriate field, if one is necessary. However, there are other instances where you don’t need a promo code to claim the welcome bonus; instead, you can just click a hyperlink to access the bonus.
Best Round 1 bet
Texas Tech -15.5 (-112 at DraftKings Sportsbook)
The UNC Wilmington Seahawks have amassed an impressive 27-7 mark since the start of the regular season, and they’re a part of March Madness for the first time since 2017. Despite the impressive won-loss record, the ’Hawks forged it against a lot of Coastal Athletic Association competition, while the Red Raiders are battle-tested from a bruising season in the Big 12.
Texas Tech still managed a 25-8 record despite the tougher caliber of competition and comes into the tournament as an impressively well-rounded squad that’s looking to atone for a first-round exit last year courtesy of NC State. The Red Raiders finished in the top 30 with 82.9 points per game, 55th in points allowed (67.6), and 21st and 30th respectively with 10.2 made threes and 16.3 assists per contest.
Texas Tech also boasts four players with double-digit scoring averages, with the highly versatile JT Toppin leading the way with 18.2 points per contest. Toppin added 9.2 rebounds and 1.3 blocks to go along with his other contributions, and the Darrion Williams–Chance McMillan duo was quite the complementary pair with 14.3 and 14.2 points per game, respectively.
Ultimately, the combination of Tech’s superior talent and the fact UNC Wilmington’s defense is unlikely to be up to the task of keeping its opponent within reach points toward a Red Raiders cover.
