March Madness continues this weekend with the Elite 8, and sportsbooks have plenty of promos available for new customers.
The men’s NCAA basketball tournament wraps up in San Antonio on April 7, meaning there are still games to use those March Madness promo bets on.
Without further delay, let’s dive into the leading Elite 8 betting promos.
March Madness Elite 8 betting promos and preview
Legal Sports Report has the lowdown on the top Elite 8 betting promos at industry-leading sportsbooks in the regulated US betting marketplace.
The nature and terms of these offers, which are accessible through LSR’s links and promo codes, can pave the way for additional March Madness betting.
DraftKings Elite 8 promo code: Up to $1,250 in bonuses
DraftKings Sportsbook has a three-pronged Elite 8 betting promo for new customers during March Madness.
The first component is a $50 bonus bet when a new customer makes 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 Elite 8 promo code LSRDYW: Bet $1, get 10 100% profit boost tokens
Caesars Sportsbook is one of the platforms typically at the head of the pack in regulated sports betting, and it currently has an Elite 8 betting promo accessible via promo code LSRDYW that requires minimal investment.
When new Caesars customers enter the promo code LSRDYW in the required field during the account creation process, they’ll receive 10 100% profit boost tokens once they place 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 that you can apply them to is $25.
- Stream NFL Games In-App for Free
- 21+ Gambling problem? Call 1-800-GAMBLER
- Use Promo Code: LSRDYW
BetMGM Elite 8 bonus code PLAYLSR: Up to $1,500 in bonus bets if first bet loses
BetMGM has long been a trusted name in the gambling industry, and it’s stepping up during March Madness with an Elite 8 betting promo for new customers through bonus code PLAYLSR.
Bettors who claim the offer will receive a bonus-bet refund equal to their first BetMGM wager up to $1,500 if that initial bet doesn’t win. If the initial losing bet is less than $50, the refund will arrive in your account as one bonus bet, while initial losing wagers of $50 or more will qualify for a refund in the form of five bonus bets each equal to 20% of the original bet amount.
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 Elite 8 bonus code LSRBET: Choose between two
Bettors giving bet365 a whirl for the first time during March Madness can use the Elite 8 betting promo code LSRBET, which will provide access to one of two offers: The first will require a minimum deposit of $10 and an initial bet of at least $5 with -500 odds or longer, which entitles the customer to $150 in bonus bets.
The second is a “first-bet safety net” that also requires a minimum deposit of $10 and an initial bet of $5. If the bettor’s first bet365 wager loses, they’ll receive 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 March Madness Elite 8 sportsbook promos
These Elite 8 betting promos are generally easy to claim. Legal Sports Report has the details on how to navigate the steps involved.
A new sportsbook customer must first create a sportsbook account, a process that typically requires basic personal identifying information such as name, e-mail address, and Social Security details. Additionally, if you need a promo code to claim a welcome offer, this is the point in the process where there will typically be a field to enter it. However, there are other instances where you won’t need a promo code and can instead click on a hyperlink to claim the bonus.
You’ll also often need to make an initial deposit — generally for a minimum of $5 or $10 — to claim any of these Elite 8 sportsbook promos. Once you’ve completed that part of the process, you may also need to make an initial bet for a minimum amount specified in the welcome offer to trigger its benefits.
Best March Madness bet
Florida to reach Final Four (-130 on DraftKings Sportsbook)
Despite Duke’s dominance, the Gators continue to be considered a solid candidate to be the last team standing in March Madness on April 7. While that naturally still qualifies as a bit of a long-shot bet, a wager on Florida getting to the Final Four out of the West Region certainly isn’t.
Todd Golden’s squad made it past Maryland on Thursday after dispatching Norfolk State by a 95-69 score in the opening round and then squeaking past three-peat-seeking UConn by a 77-75 margin in their Round of 32 matchup. While the Gators nearly lost, the final numbers corroborate Florida’s prowess on both ends of the floor.
Florida, which has averaged the third-most points per game (85.4) in the NCAA since the start of the season, shot 46.0%, including 47.4% from 3-point range. Additionally, the Gators held UConn to a 37.5% success rate, including 27.6% from distance, while also forcing 12 turnovers.
Florida’s body of work on defense isn’t anywhere near as aesthetically pleasing as the team’s offensive exploits, but it still holds a No. 77 ranking nationwide in points per game (69.4) and finished the regular season 43rd in the country in turnover rate. The Gators have also held opponents to stingy 39.9% shooting, including 29.3% from behind the arc.
The Texas Tech Red Raiders, who have already been struggling with their normally sharp 3-point shooting in the first two games of the tournament, could have quite a tough matchup versus the Gators’ perimeter defense.
Ultimately, UF’s status as the favorite to emerge from the region is rooted in solid ground, making for an interesting bet in this instance.
