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BetMGM $1,000 Promo NCAA Tournament March Madness

Written by: Grant Mitchell
Published March 21, 2023
11 min read

As the Madness of March in the NCAA tournament rages into the Sweet 16, BetMGM sportsbook is giving all new customers that sign up with a BetMGM promo code the chance to get up to $1,000 paid back in the form of bet credits if their first bet misses. 

Everything you need to know about the offer and the upcoming March Madness games can be found below.

BetMGM Promo NCAA Tournament Sweet Sixteen

How to Claim Your BetMGM Promo for March Madness

You can push any concerns about tons of rules and requirements for the $1,000 BetMGM promo code to the side. All that you need to do to claim the full offer is follow five simple steps, which we have listed here:

  1. Click out BetMGM promo code to visit the BetMGM sportsbook
  2. Select “Register” and locate the state you are in
  3. Provide your name, date of birth, and other basic information
  4. Make a first-time deposit of at least $10
  5. Bet at least $10 on any March Madness Sweet 16 game

BetMGM users will be able to find all sorts of betting markets for March Madness games, including the usual major markets like spreads, moneylines, and points totals, along with others such as props, parlays, exotics, and more.

Bettors can still try their hand at picking the eventual winner of the NCAA Tournament by navigating to the futures market. Coming out of the Round of 32, Alabama has usurped Houston, the pre-tournament favorite, in the odds to win the national title, while Houston is now second.

BetMGM also has a variety of promotions for returning customers (in addition to the new-user bonus) that can increase the entertainment and profitability of March Madness betting. 

How the BetMGM Promo for March Madness Sweet 16 Works

The BetMGM promo code works by granting customers a 100% refund in the form of bet credits on their first bet up to $1,000. So, if a user’s first wager is for $500 and on Alabama to beat SDSU but the Crimson Tide gets upset, that user will receive $500 in bet credits.

Note that this deal is only applicable to a customer’s first wager with BetMGM. All bet credits earned through the offer can be redeemed in any market on the BetMGM sportsbook but cannot be withdrawn for cash or transferred to another sportsbook.

Users that place first bets of $50 or more will be given five bet credits, each worth 20% of their first bet, while those that make first bets of $49 or less will be given a single bet credit. Credits will be put into customer accounts within 48 hours and have 14 days to be used before they expire.   

BetMGM Odds, Previews, Picks, Best Bets for March Madness Sweet 16

March Madness advances to the Sweet 16 Thursday and Friday with all sorts of intriguing matchups.

Both remaining number-one seeds will be in action Friday. The Houston Cougars will face the Miami Hurricanes, while Alabama will take on the San Diego State Aztecs. 

Houston has a couple of problems to deal with as it prepares for a Miami team that made it to the Elite Eight last year. Two of its starting guards, Marcus Sasser and Jamal Shead, have injuries that have limited them, while the team’s overall offense has struggled.

Alabama, meanwhile, has struggled with physical teams, and unfortunately for them, that’s what SDSU prides itself on. The Aztecs don’t do anything spectacularly well but are solid across the board and will be a very tough out for a resilient Bama squad.

Other Friday matchups include the Xavier Musketeers versus the Texas Longhorns in a matchup between contrasting styles and the Creighton Bluejays versus the 15-seed Princeton Tigers.

Before those teams can take the court, there will be eight others in action on Thursday. Gonzaga vs UCLA is the best on-paper matchup as the Bulldogs are only two years removed from a national championship appearance, and the Bruins are one of the most solid teams top-to-bottom in America. 

UConn will face Arkansas, which just eliminated top-seed Kansas, in its Sweet 16 matchup. On the other side of the bracket, Tennessee faces a 33-3 FAU team that has flown under the radar, while Kansas State meets Michigan State for a shootout between two explosive offenses.

At least one No. 1 seed has made the Final Four in every edition of March Madness except for one, so there is heavy pressure on both Alabama and Houston to win their games and book a ticket into the next round. 

UConn has looked dominant so far despite only being a four-seed. There is an argument that it has the best value to win March Madness at +900, behind Alabama (+350), Houston (+400), and UCLA (+750), and level with Texas.

Coincidentally, the most recent national champion still left in the bracket is UConn, which won the national title in 2014. Only three of the 16 teams remaining, UConn, UCLA, and Michigan State, have won March Madness before.

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March Madness Sweet 16: How to Watch

  • Game Time & Date: Thursday, March 23 & Friday, March 24
  • TV Network: CBS, TBS
  • Streaming: YouTube TV, Hulu, FuboTV, etc.
21+ | T&Cs apply. *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
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Grant Mitchell

407 Articles

Grant is a sports and sports betting journalist who prides himself on delivering breaking news and insightful analyses of the industry. Grant graduated from Virginia Tech in 2021 and is feverishly pursuing his ambitions in the sports betting field.

In his free time, Grant can be found passionately watching sports, doing a workout, or searching for adventure with his friends.

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