March Madness is upon us, and it is one of the most feverish sports betting weekends of the year. Sportsbooks also throw together a ton of promotions and bonuses in order to attract new members to their sportsbooks.
Most sportsbooks have been giving out the same bonuses for the past month or so but are now placing it into overdrive as we near one of the biggest few weeks of the year in terms of betting.
Below you can see some of the promotions and bonuses that have appeared this week around the world of sports betting.
PointsBet
PointsBet has a promotion going on this week that allows you to place up to $2,000 of free bets. You get up to $1,500 back if you lose your first wager and up to $500 back if you lose your first fixed odds wager. This promotion is only available to new members after they sign up for the site.
Bettors are only eligible to receive two refunds for their bets, and only one bettor per household may take advantage of this offer. This is one of the highest value promotions that was run during this week.
Caesars
Caesars had a really nice free bet promotion this week for new bettors on their site. They offered a $1,100 free bet insurance on your first bet that will be paid back to you in the form of a single free bet. One underlying condition of the Caesars’ bonus is that you must use it within 14 days of receiving it, or it ends up being void.
This is a condition that many people might not realize. You will get your original bet back as a free bet in this instance, so you will need to make sure that you use it smartly.
BetMGM
A $1,000 risk-free bet is the major BetMGM welcome incentive. It is gained by signing up, depositing, and wagering on a sports event.
If your initial bet pays off, you just keep the winnings. If BetMGM loses, you will get a full refund in the form of site credit.
You can only utilize the site credit once before your winnings are paid out since it has a one-time rollover restriction. You will get one free bet token if your free bet is less than $50.
If it’s more than $50, it’ll be divided into five free bets, giving you a higher chance of winning. They have been running this promotion for a while, and it has been a big hit for them.
Draftkings
Draftkings has not had a big bonus or promotion this week and seems to be very content with allowing their existing bettors to take advantage of a very lucrative amount of odds boosts.
With March Madness going on, they have boosted a lot of moneyline odds for bettors. This is a good way to give existing bettors a good reason to place some money on NCAA lines for March Madness.