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2023 March Madness Real Money Contest

Scott Morris | February 20, 2023
march madness contest for 2023

March Madness is the common nickname for the NCAA Division I Men’s Basketball Tournament, an annual single-elimination tournament that determines the national champion of college basketball. That is the official way to describe “The Madness”. The tourney takes place over three weeks in March and April, with 68 teams competing in seven rounds. The most popular rounds are referred to as “Sweet 16”, “Elite Eight”, “Final Four” and the Championship Game.

A March Madness bracket contest is a popular form of betting on the tournament. Participants fill out a bracket, which is a prediction of which teams will win each game in the tournament. Usually the winner predicts a large number of the games correctly. To the best of our knowledge, nobody has ever predicted every single game in the modern tournament. The odds of doing so are one in more than nine quintillion. (source: Investopedia)

The history of March Madness bracket contests dates back to the 1970s, when pools of coworkers or friends would fill out brackets and bet small amounts of money on the outcome of the tournament. The popularity of these informal pools grew throughout the 1980s and 1990s, and in 2001, the first online bracket contest was launched by ESPN.

Today, March Madness bracket contests are a cultural phenomenon in the United States, with millions of people filling out brackets and participating in betting pools. People at you local bar, your workplace or even your family members will probably offer you an invitation to join their pool at some point. The contests have become a major source of revenue for sports betting websites who offer real money March Madness contests, and many companies sponsor their own bracket contests as a form of marketing. The unpredictability of the tournament, with its numerous upsets and “Cinderella” stories, makes it a thrilling and exciting event for basketball fans and bettors alike.

How to Play 2023 Real Money March Madness Online Bracket

  1. Sign up and deposit at SportsBetting.ag
  2. Head over to “Contests” section once inside
  3. Choose “$250,000 March Madness Contest”
  4. Select How many Entries You Want to Purchase
  5. Complete Purchase

Make sure to steer clear of overrated teams

How to Win Your Office March Madness Bracket Pool

2023 SportsBetting.ag March Madness Bracket Details

  1. The $250,000 Bracket Madness Contest opens for pre-purchase of entries on Monday, Feb. 6, 2023 and closes on Thursday, March 16, 2023 at 12:15pm ET. All entries purchased after this point will be considered void and will not be eligible for any of the prizes.
  2. The bracket officially opens for selections on Sunday, March 12, 2023 at 9pm ET and closes on Thursday, March 16, 2023 at 12:30pm ET.
  3. The Contest begins with the First Round of the 2023 Men’s NCAA Basketball Tournament on Thursday, March 16, 2023.
  4. Once you submit your selections, you can change your picks at any time until the bracket submission deadline at 12:30pm ET on Thursday, March 16, 2023.
  5. If your bracket is not completed or fully filled out by 12:30pm ET on Thursday, March 16, 2023. your entry will be void and eliminated from the contest.
  6. Round Dates: First Round (March 16-17), Second Round (March 18-19) Sweet 16 (March 23-24), Elite 8 (March 25 & 26), Final Four (April 1) and Championship (April 3).
  7. Only fully completed brackets qualify for the contest prizes.
  8. Entries are available only for purchase online and cannot be purchased by phone or live chat.
  9. House rules and regulations apply.
  10. We reserve the right to amend the contest, prizes and terms at any time.
  11. Winners will be notified by Email and posted on a Leaderboard. It is the sole responsibility of the entrant to keep their account information up-to-date and accurate.

Purchasing Entries

    1. Contestants can enter the $250,000 Bracket Madness Contest up to 20 times and will receive a discount on every additional entry purchased.
1st Entry: $25
2nd Entry: $20
3rd Entry: $15
4th to 10th Entry: $10 each
11th to 20th Entry: $5 each
  1. Entries may only be purchased with real cash funds.
  2. All entry purchases will be deducted from your SportsBetting.ag Sportsbook balance.
  3. If you do not purchase all 20 entries, you can come back and purchase more entries at any time until the deadline – Thursday, March 16, 2023 at 12:15 pm (ET).
  4. Registration for the contests is only available online. You cannot register via phone, chat or email.
  5. All sales are final. Refunds are only offered if the 2023 NCAA Men’s Basketball Tournament is cancelled.

Buy 2, Get $10 Special

  1. For a limited time, from Wednesday, Feb. 8, 2023 to Monday, Feb. 27, 2023, each player that advance purchases 2 entries into the $250,000 Madness Bracket contest will receive a $10 Sportsbook Free Play reward.
  2. There is a maximum of one Free Play reward for this promotion.
  3. Free Play reward will be credited within 96 hours of buying your second entry into the contest.
  4. There is a 3x (three time) rollover associated with the Free Play reward before it is eligible for withdrawal.
  5. SportsBetting.ag reserves the right to modify or discontinue this promotion at its discretion.

How to Play

  1. Participants must purchase at least one entry to participate in the $250,000 Bracket Madness Contest.
  2. After purchasing entries, players can view and edit their entries in the ‘My Brackets’ section.
  3. Participants must pick the winners of all 63 games in the 2023 NCAA Division 1 Men’s Basketball Tournament, beginning with the First Round.
  4. Points will be awarded for each correct pick.
  5. If a team withdraws from the tournament prior to Thursday, March 16, that team will be removed from the bracket and the selected replacement team will be inserted. If you wish to change your selections, you may do so at any time prior to the bracket submission deadline at 12:30pm ET on Thursday, March 16, 2023.
  6. Once the tournament begins, in the unlikely case that there are forfeits, the team that forfeits will be graded as a loss.

Point System

  • 1 point for every correct selection in the 1st Round
  • 2 points for every correct selection in the 2nd Round
  • 4 points for every correct selection in the Sweet 16
  • 8 points for every correct selection in the Elite 8
  • 16 points for every correct selection in the Final Four
  • 32 points for picking the winner of the Championship Game

$250,000 Guaranteed Prize Pool

    1. The Top 1,000 will win a piece of the $250,000 cash prize pool; the payout breakdown is as follows:
1st Place $75,000
2nd Place $30,000
3rd Place $15,000
4th Place $7,500
5th Place $5,000
6th Place $3,500
7th Place $2,500
8th Place $2,000
9th Place $1,500
10th Place $1,000
11th Place to 15th Place $750
16th Place to 20th Place $500
21st Place to 30th Place $450
31st Place to 40th Place $400
41st Place to 50th Place $350
51st Place to 75th Place $300
76th Place to 100th Place $250
101st Place to 150th Place $200
151st Place to 200th Place $150
201st Place to 400th Place $100
401st Place to 700th Place $75
701st Place to 1,000th Place $50
  1. In the event that the tie-breaker is necessary, participants will be ranked based on having the closest answer to the Total Points Scored in the Championship Game.
  2. If various participants remain in a tie after the tie-breaker, the winnings will be split along with the next lowest prize. Example: If two contestants tie for first with 160 points, they will split the 1st and 2nd Place prizes; the participant with the next highest point total will win the 3rd Place prize.
  3. Winnings are awarded as cash with no rollover requirements. Winnings are awarded as cash with no rollover requirements.
  4. Winnings will be deposited into player accounts within 72 hours after the completion of the 2023 NCAA Men’s Championship Basketball game taking place on Monday, April 3, 2023.
  5. Winnings are non-transferable.

March Madness bracket contest for real money - 2023

 

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March Madness 2023 Bubble Teams

College Basketball Top Ten Update – Odds – Value

 

 

 

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