$75k Prize For March Madness Contests At Online Sportsbooks

MyBookie is offering a Bitcoin grand prize for their March Madness contest.
BetOnline and MyBookie have a $75,000 March Madness contest grand prize.

LAS VEGAS – March Madness is finally here and that means brackets are live across many different platforms. With so many different March Madness betting contests to choose from, it is best to enter the one that offers the most profit.

Some of the best March Madness contests though can be found right on legal sports betting sites as they are offering some of the biggest payouts for this year’s tournaments.

BetOnline & SportsBetting $75k March Madness Contest

Of all the March Madness contests that are available, BetOnline and SportsBetting have the biggest payouts for first place on their platforms. The scoring format for their contest is a points-based system where contestants earn points for correctly picked games in each round. The contestant with the highest point count at the end of the contest on each site will win $75,000. Prizes can be earned all the way through 1000th place ranging from $50 up to $30,000.

Also, contestants can buy in a maximum of 20 entries in each of these contests. The first entry is $25, second $20, third $15, fourth-tenth $10, and 11-20 $5.

MyBookie Bitcoin Grand Prize March Madness Contest

MyBookie took a different approach to their March Madness contest as they are offering a grand prize of a Bitcoin to first place with the cryptocurrency market rising higher than ever. They are also offering an NFT to the second-place winner. Between 750th place and 3rd, the prizes range from $60 to $5,000.

Differing from the BetOnline and SportsBetting contest, at MyBookie, 50 max entries are allowed. Also, their contest is based on a points system as well where the entrant with the most points wins the grand prize.

Comparing To DraftKings + FanDuel

The only advantage that can be found on the March Madness contests at DraftKings and FanDuel is that these are free to enter contests. However, they can only be entered from states with sports betting. Their prize pools are not as big as those at BetOnline, MyBookie, or SportsBetting either. First place on DraftKings can only earn $2,500 while on FanDuel sportsbook, their contest is much smaller with a $250 grand prize.

Also, yes, they are free contests, but it is single entry which makes it even harder to place in these contests. With 20-50 entry maxes on BetOnline, MyBookie, and SportsBetting though, there is more room for prizes.

March Madness Line Shopping

Looking at the odds on BetOnline compared to DraftKings, more profit can be made taking certain teams on BetOnline rather than DraftKings. Those teams include the Kansas Jayhawks and Baylor Bears, two of the top-seeded teams in the tournament. When betting on Kansas, BetOnline is offering +1100 odds while DraftKings is offering them at +850. When betting $100, BetOnline’s payout for the Jayhawks is $1,100 compared to the $850 on DraftKings.

As for Baylor, $200 more can be made at BetOnline with their +1400 odds compared to DraftKings at +1200. All in all, the March Madness brackets are set with the tournament beginning on Thursday.

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Sam Profeta

Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.