Best March Madness Betting Sites

Best March Madness betting sites

The best March Madness betting sites are Caesars Sportsbook, BetMGM, BetRivers, and FanDuel. The college basketball betting experts at TheLines will review those sportsbooks and many more. Check out a list of the top March Madness betting sites below and see all of the different ways you can wager on the NCAA basketball tournament.

Rank
Sportsbooks
Bonus
Features
Play
1
up to $1,500
In Bonus Bets
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: THELINES
2
$1,000 FIRST BET
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: THELINES1000
3
$500 BONUS
2nd Chance Bet
Up To $500 in Bet Credits
ONLY 1x Play Through!
Use Exclusive Bonus Code: LINESRIV
4
UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5, Get $150 in Bonus Bets
Sign Up, Deposit and Play Today in VA!
Gambling Problem? Call or TEXT 1-800-Gambler 21+
Use Bonus Code: THELINESVA
5
Bet $5
Get $150
If Your Bet Wins
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now
6
Up to $100
Bonus Bet
Up to $100 Back if Your First Bet Doesn’t Win
Get Your Bets Boosted
To Claim: Click Play Now

Top March Madness betting apps

Here are the top March Madness betting apps available.

SportsbookBonus OfferPromo Code
Caesars Sportsbook$1,000 Welcome BonusTHELINES1000
BetMGM SportsbookWelcome Bonus up to $1,500THELINES
BetRivers Sportsbook$500 promoLINESRIV
FanDuel Sportsbook$150 BonusClick to claim promo
DraftKings SportsbookUp To A $1,200 promoClick to claim promo
Bet365 Sportsbook$1,000 BonusTHELINESVA

Best March Madness Betting Sites

Here is a list of best sports betting sites that feature March Madness and our rating for each sportsbook.

  1. Caesars 4.8/5
  2. BetMGM 4.8/5
  3. BetRivers 4.6/5
  4. FanDuel 4.6/5
  5. DraftKings 4.6/5
  6. Bet365 4.3/5
  7. Betway 4.1/5

1. Caesars Sportsbook

Caesars Sportsbook is our top-ranked March Madness betting site. It has everything you need to bet on the NCAA men’s basketball tournament, including game lines and tournament futures. The book will also feature longshot parlay bonuses and profit boosts for select games during the Big Dance.

Caesars Sportsbook

Another feature that separates Caesars from the pack is its expansive rewards program. By betting on college basketball at Caesars Sportsbook, you will unlock offers at Caesars Rewards destinations like Caesars Palace Las Vegas, Harrah’s Resort Atlantic City, and Harrah’s New Orleans. These offers include discounted or free room stays, restaurant visits, and entertainment.

Caesars Sportsbook Promo Code THELINES1000
Welcome Bonus $1,000 Welcome Bonus
Best ForProfit boosts, CFB Props, and Caesars Rewards
States Available AZ, CO, IN, IA, IL, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA & WV
MM betting optionsGame lines, win totals MM odds, and national championship futures
Apple Store Rating4.6
Google Store Rating4.4
Our Rating 4.8

2. BetMGM Sportsbook

BetMGM Sportsbook

BetMGM Sportsbook gained a reputation for awesome offers during the last NCAA basketball tournament, making it a top betting site. The highlight of BetMGM’s promotions during March Madness was a $10 million March Madness Bracket Challenge. The contest was free to new and existing customers and had a $10 million grand prize for a perfect bracket. No one won the big one, but BetMGM still paid out $100,000 to the person who got the most correct picks.

Expect BetMGM to run similar promos for the 2024 NCAA men’s basketball tournament.

BetMGM Sportbook Promo Code THELINES
Welcome Bonus Welcome Bonus up to $1,500
Best ForAll March Madness bettors
States Available AZ, CO, DC, IL, IN, IA, KS, LA, MA, MD, MI, MS, NC, NJ, OH, NV, NY, PA, TN, VA, WV & WY
MM betting optionsGame lines, win totals MM odds, and national championship futures
Apple Store Rating4.8
Google Store Rating4.5
Our Rating 4.8

3. BetRivers Sportsbook

BetRivers Sportsbook is another top-notch March Madness betting site. You can easily find all of the standard college basketball betting offerings, such as game lines, Final Four odds, and NCAA National Title odds. Expect BetRivers to also offer up fun March Madness promotions in 2024, much like they did in this past year’s NCAA tourney. The sportsbook ran a “squares” contest for the tournament with payouts of up to $10,000 in bonus money.

BetRivers Sportsbook Promo Code LINESRIV
Welcome Bonus $500 promo
Best ForHouse specials, SGP and Rush Rewards
States Available AZ, CO, IN, IA, IL, LA, MD, MI, NJ, NY, OH, PA, VA & WV
MM betting optionsGame lines, win totals, MM odds, and national championship futures
Apple Store Rating4.5
Google Store Rating4.4
Our Rating 4.6

4. FanDuel Sportsbook

FanDuel Sportsbook

FanDuel Sportsbook is the best March Madness betting site for betting on props. For this past year’s National Title game between UConn and San Diego State, FanDuel offered up the following props to bet on:

  • Odds on a player to score the first basket
  • Player to make the first 3-pointer of the game
  • Team to make the first 3-pointer of the game

Earlier in the tournament, FanDuel offered up prop betting on teams to win a region, as well as conferences and seeds.

FanDuel Sportsbook Promo Code No Code Necessary
Welcome Bonus $150 Bonus
Best ForBoosts and promos
States Available AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV & WY
MM betting optionsSGP, conference/MM/national championship futures, game lines
Apple Store Rating4.8
Google Store Rating4.7
Our Rating 4.6

5. DraftKings Sportsbook

DraftKings Sportsbook

DraftKings Sportsbook has some of the best NCAA tournament pools with big-money payouts annually. This past March, DK ran a Championship Series Millionaire Bracket with $1 million to the first-place winner. The entry fee was $100, and it had a total prize pool of $2 million.

DraftKings also ran several free entry pools during March Madness, and all signs point to DK doing so again for the 2024 Big Dance.

DraftKings Sportsbook Promo Code No Code Necessary
Welcome Bonus Up To A $1,200 promo
Best ForLive betting
States Available AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, NC, NH, NJ, NY, OH, PA, TN, VA, VT, WV & WY

MM betting optionsMM game lines, national championship futures, odds boosts
Apple Store Rating4.9
Google Store Rating4.8
Our Rating 4.6

6. Bet365 Sportsbook

bet365 Sportsbook logo

Bet365 Sportsbook is the new kid on the block in many states. The book opened with a bang this past March, offering users the chance to enter a perfect bracket challenge that would have paid out $10 million. It’s pretty much mathematically impossible to get a perfect bracket, but Bet365 still had big money payouts to its top performer. The winner received $100,000.

Bet365 Sportsbook Promo Code THELINESVA
Welcome Bonus $1,000 Bonus
Best ForGenerous welcome offer for new customers
States Available AZ, CO, IA, IN, KY, NC, NJ, NY, OH, & VA
Coming soon: Kentucky
MM betting optionsBet boost, 30% profit boost
Apple Store Rating4.7
Google Store Rating4.6
Our Rating 4.3

7. Betway Sportsbook

Betway Sports

Betway Sportsbook has an easy-to-use interface where you can quickly find almost any college basketball line. During March Madness 2024, expect Betway to have plenty of “enhanced odds,” which they call “Betway Boosts.”

Betway also has one of the top “cash out” options around. It allows the bettor to take out his or her winnings early or to cut their losses before the end of a game. The amount you can cash out depends on how much you initially bet and the live odds of the event you bet on.

Betway Sportsbook Promo Code No Code Necessary
Welcome Bonus Up to $250 In Bonus Bets
Best ForEarly cash out
States Available AZ, CO, IA, IN, NJ, OH, PA, & VA
MM betting optionsMM spreads, totals, & national championship futures
Apple Store Rating4.7
Google Store Rating4.6
Our Rating 4.1

How we rank the best March Madness betting sites & Apps

TheLines always encourages college basketball bettors to shop around for the best odds. You can find all sorts of odds comparison tools on our website, including college basketball odds for every daily game and NCAA National Title odds.

Not all sportsbooks are created equally, and our rankings of sportsbooks go above the best college hoops lines. TheLines staff ranks the books above in the order they are placed by the following criteria:

  • The Best March Madness Odds
  • Fastest Payout Speeds
  • Best Promos
  • Deposit Options
  • User Interface
  • Customer Service Access

College basketball betting is approved in every state that offers legal sports betting, but the specific rules vary. North Carolina sports betting has launched just in time for March Madness. Kentucky sportsbooks, another new market, allows legal wagers on the Kentucky Wildcats and Louisville Cardinals without leaving the state. More established markets like New Jersey and New York do not allow wagering on in-state teams. Arizona, Colorado, Tennessee, and Pennsylvania do not allow college prop bets on players.

How to bet on March Madness

Pick a college basketball betting site

The majority of legal sports betting states have several March Madness betting sites to choose between. Use the above tables to see which ones are available in your market. Then it comes down to deciding which one you want to go with. Welcome offers, college basketball promos, and betting menus are factors to consider before deciding. The upside is there is no rule against creating multiple sportsbook accounts simultaneously.

Get your bonus and deposit

Once you’ve selected a sportsbook, you’ll need to register for an account. There will be a spot to enter one of the above promo codes so you can get your welcome bonus. Others do not require a code to receive Bonus Bets or offers. You will also need to provide your name, email, address, date of birth, and the last four of your SSN for verification purposes. Once you register and deposit funds into your sportsbook account, the NCAA Tournament betting can begin. Many March Madness betting sites have a minimum deposit of $10.

Place an NCAA basketball bet

There will be plenty of markets to choose between, such as a futures bet on the UConn Huskies repeating as the 2024 NCAA Tournament champions or taking the moneyline on a 12-seed to upset a 5-seed in the first round. Others might like taking the Kentucky Wildcats to make the Final Four. The bottom line is, including the First Four, the NCAA Tournament consists of 67 games over three weeks, so there will be no shortage of betting options.

March Madness bet types

Point spread

Betting the point spread on a March Madness game is one of the most common ways to wager. For example, Arizona is a 2-seed and is playing Murray State, a 15-seed. High seeds like Arizona will be heavily favored, usually in the double digits. 

For this example, Arizona is a -16 favorite over Murray State (+16). If you bet Murray State to cover the point spread, you would need them to either win outright or lose by 15 points or less. If Murray State lost by exactly 16 points, it would be a push, and the amount of money you bet would be refunded.

Let’s say you bet Arizona to cover the big 16-point spread. You would need the Wildcats to win the game by 17 points or more to win the bet.

Moneyline

A moneyline bet on a March Madness game is also extremely common. There are so many college basketball upsets during the tournament that betting the moneyline on an underdog can be quite lucrative – even if you bet a small amount.

An extreme example is from this past year’s NCAA tournament. Sixteen-seed Fairleigh Dickenson had +2000 moneyline odds to upset one-seeded Purdue. Fairleigh Dickinson pulled off the miracle, and those who had Fairleigh Dickinson winning tickets were in the money. A $10 bet on Fairleigh Dickinson to win would have garnered most bettors a $200 profit.

Totals

Totals markets, or over unders, are another common way to bet on NCAA basketball. Let’s use this past National Championship game as an example. The UConn versus San Diego State title game had a total of 132 points. 

The final score of the game was UConn 76, SDSU 59. That equated for a total score of 135 points, so Over bettors cashed.

Futures

Big-picture bettors love futures bets. Various futures bets are available during March Madness, most notably National Title odds. 

It is difficult to pin down the winner at the start of the Big Dance just because there are so many teams and major upsets. So more conservative college hoops bettors will entertain markets like “Odds to make the Sweet 16,” “Odds to make the Elite 8,” and “Odds to make the Final Four.”

Props

Prop betting on March Madness can be tricky as states have different laws regarding betting on games played by student-athletes. Team props are more common as they don’t involve an individual. You will often see college basketball team props like “Over Under 3-pointers made by Kansas,” and “First basket made: Duke or North Carolina?”

Player props, like over under player totals, are not always available but be sure to check with your state and sportsbook rules before wagering. Popular player props, if they are available, will include markets like “Adama Sanogo Over Under 18.5 points” or “Cason Wallace Over Under 3.5 3-pointers made.”

College basketball & March Madness betting restrictions

Here is a list of college basketball betting restrictions by state.

State RestrictionsLegal Betting Age
ArizonaCollege prop bets 21
ColoradoCollege prop bets 21
Connecticut Wagering on in-state teams (rule does not apply to tournaments)21
IllinoisBetting on Illinois college teams is only allowed with pregame, in-person bets 21
Indiana Prop betting is limited to pregame only 21
Iowa Prop bets on individual college athletes is not allowed 21
Kansas None 21
KentuckyNone 18
LouisianaNone21
Maryland None21
MassachusettsBetting on Massachusetts college teams is only permitted if they are playing in a tournament 21
MichiganNone21
Montana None18
NevadaNone21
New HampshireNo betting on New Hampshire college teams or events 18
New Jersey Bets on NJ based college teams or in-state games21
New YorkNo betting on NY college teams 21
North CarolinaNone21
OhioNone21
OregonCollege bets must be placed at retail sportsbooks21
Pennsylvania Prop bets on college athletes are not allowed 21
Rhode Island Wagers on in-state college teams and events are not allowed 18
Tennessee No prop bets on college athletes or in-game props 21
Vermont Wagers on in-state college teams and events are not allowed 21
Virginia Prop bets and wagers on Virginia college teams are prohibited 21
Washington D.C. Betting on games taking place in D.C. or college teams based in D.C. area prohibited 18
West Virginia None 21
WyomingNone18

Benefits Of Betting On March Madness Online

It’s important to make sure the March Madness betting site you’re using is legal and regulated. There are many illegal offshore sportsbooks operating in regulated markets that are not safe. Look for an RG logo on any legal March March Madness betting site. It means there are responsible gambling tools built into the platform. They will include setting deposit limits, cooling off periods, and reality check time limits. Adding your name to a temporary/permanent self-exclusion list is available as well at top March Madness betting sites. All betting sites recommended on TheLines are legal, safe, and regulated.

Having access to fast deposits and withdrawals are important when March Madness betting season rolls around. Many March Madness betting sites now offer Venmo betting, PayPal betting, and Apple Pay betting as banking options. These transactions can be completed in a quicker timespan versus ACH or cash at the casino cage.

Live Betting Options

Live betting markets are a big part of the NCAA Tournament betting experience. It can bring an added level of excitement, especially when a top seed like the Kansas Jayhawks or Duke Blue Devils is mounting a big comeback versus an underdog trying to pull off an upset. During the game, top online sportsbooks like the ones mentioned above will add their desired edge to the algorithm’s probability. New odds will be computed and offered to bettors. Scoring runs and lead changes are a couple of factors causing the moneyline or point spread odds to change several times during a game.

Bonuses and Promotions

Bonuses and promotions help give March Madness betting sites an edge over the retail sports betting experience at a land-based casino, racetrack, or stadium. You might enjoy an amazing viewing experience at your favorite Atlantic City and Pennsylvania sportsbook, but you will likely not receive Bonus Bets or promos such as odds boosts or profit boosts when walking up to the betting window or kiosk. Come NCAA Tournament time, the offers available to new and existing customers tend to be stronger.

March Madness betting FAQs

What is the best college basketball betting site?

The best college basketball betting sites are Caesars, BetMGM, BetRivers and Bet365. All of those sites have tremendous welcome bonuses.

Can you bet on college basketball props?

It is legal to bet on college basketball props in many states. Some states don’t allow it, however. Betting on college basketball props is allowed in Kansas, Louisiana, Maryland, Michigan, Nevada, Ohio, New York, Washington DC, and Wyoming.

Why can’t I bet on an in-state college team?

Many states allow for betting on college basketball except for teams that play in-state. For example, if you are a UConn fan in Connecticut or a Syracuse fan in New York, you are out of luck when it comes to betting on your team in-state. 

How many college basketball betting sites are there?

There are dozens of college basketball betting sites available, including Caesars, BetMGM, and Bet365.