What’s better than watching the NCAA Tournament? Betting $5 and winning $150 with standard odds. Sounds crazy, right? Well, it can soon be your reality with our DraftKings promo code for Elite 8. By claiming the promo code from DraftKings Sportsbook, you’ll receive $150 in bet credits when you bet $5 and win. Seriously, it’s a no-nonsense bonus if you want to get into sports betting without breaking the bank.
Article last updated: March 25, 2023, 5:52 PM
|✏️ DraftKings March Madness Promo Code:||CLICK TO CLAIM|
|🎁 DraftKings March Madness Bonus:||Bet $5, Win $150|
|✅ DraftKings Sportsbook Promos Last Verified:||March 25, 2023|
What separates online sportsbooks during March Madness betting? Well, DraftKings stands out because its only requirement to claim your bonus is winning. So if you’re confident in your college basketball picks for The Big Dance, don’t just throw a blind dart by filling out your bracket against the millions of others doing the same. Simply wager $5 on any March Madness game, and if it wins, the DraftKings bonus instantly rewards you with $150 in bonus credits.
DraftKings March Madness Promo Code: Bet $5, Get $150 for NCAA Tournament
DraftKings Sportsbook is offering a March Madness promo code for the 2023 NCAA Tournament that allows new users to receive $150 in bonus bets when they wager just $5. This promotion is a great way to get started betting on March Madness, especially if you’re new to sports betting. By claiming the bonus, you’ll be able to place your bets with a small risk with a clear pathway to a big reward. This promotional method stands out and differentiates from competitors like the BetMGM March Madness promo code.
Normally, you would need to take a long shot at a bet with +4000 odds to win $150 on a $5 bet. Even if you bet $5 on 16-seed Northern Kentucky to upset 1-seed Houston in the Round of 64, that would only return $70.
For $5, you’re getting better odds than any game during the First Round of March Madness.
How to Claim DraftKings Promo Code Today
To sign up and claim the DraftKings March Madness promo code, follow these easy steps.
1️⃣ Click PLAY NOW Above To Access DraftKings
2️⃣ Deposit $5+ into your sportsbook account
3️⃣ Bet $5+ on any March Madness game
4️⃣ Instantly receive $150 in bonus bets, if wager wins
Claiming the DraftKings March Madness promo code is simple. Follow those steps above and keep in mind that you must be 21 or older and present in a state where DraftKings Sportsbook is legal.
|What States Is DraftKings Sportsbook Legal?||AZ, CO, CT, IA, IL, IN, KS, LA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV|
The promotion is paid out instantly once your $5 wage settles. Additionally, bonus bets are paid out as 8 different $25 bonus bets, giving you ample opportunity to place various March Madness wagers with the DraftKings promo code. Once deposited, you have 7 days until the bonus bets expire.
March Madness Elite 8 Betting: Win $150 With $5 NCAA Tournament Bet
The NCAA Tournament is one of the most exciting sporting events of the year, and with DraftKings Sportsbook, you can make it even more exciting by placing bets on the games. There are many different sports betting types. So, it’s hard to keep up. If you’re wondering about the best ways to wager, check out our sports betting guides.
DraftKings Elite 8 Parlays Bets
Parlay bets allow you to combine multiple bets into one larger bet. This can be a great way to increase your potential payout, but it also comes with a higher risk since all of the bets in the parlay must be correct to win. You could place a monstrous March Madness parlay with the DraftKings promo code and bring home a huge cashout, whether it’s two legs or 10.
Elite 8 Parlay Example Using $25 Bonus Bet: Maryland, Virginia and Iowa all to win on March 16 (+488) gives you a $147.06 payout.
DraftKings Elite 8 Spread Bets
Spread bets allow you to bet on the margin of victory in a game. The favorite is given a negative spread, while the underdog is given a positive spread. To win a spread bet, the favorite must win by more than the spread, while the underdog must lose by less than the spread or win the game outright. Unlike parlays, March Madness spread bets often have odds at or around -110 and return 90% of your stake. For example, if you used the DraftKings promo code on Gonzaga to cover vs. Grand Canyon on March 17, 2023, a $25 bonus bet returns a $47.72 payout.
DraftKings Elite 8 Underdog Bets
Underdog bets are a great way to potentially win big, as the odds are stacked against the underdog. However, it’s important to remember that underdogs are underdogs for a reason, and they may not win the game. Still, these are moneyline bets on a single game with greater odds without needing to combine multiple. If you enjoy the NCAA Tournament because of the potential Cinderella teams, this is the wager for you. For example, if you used the DraftKings March Madness promo code to place a $25 bonus bet on 13-seed Kent State (+165) to upset 4-seed Indiana on March 17, 2023,, a win would result in a $71.25 payout.
DraftKings Elite 8 Over/Under Bets
Over/Under bets, also known as totals, allow you to bet on the total number of points scored in a game. You can bet on whether the total will be over or under. So, if you’re not confident in who will win the game but have a strong feeling about the scoring output, this betting type is ideal. The odds are similar to a spread, often returning 90% of your wager. So, if you used a $25 bonus bet on the over between 3-seed Kansas State and 14-seed Montana State, it returns $47.72.
The best part about the March Madness promo code from DraftKings Sportsbook is not only the low-dollar risk and high-dollar return. It’s the ability to split it up across eight different bets across the 63 different NCAA Tournament. Whether it’s a parlay or straight bet, you can turn $25 into a boatload of money during the best event in sports. All you need is the DraftKings March Madness promo code.