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The 2025 NCAA Tournament tips off with a high-stakes First Four matchup on March 17, as Texas faces NC State at 9:15 p.m. ET on truTV, with an Over/Under set at 158.5 points. New bettors can claim up to $500 in bonus bets through BetRivers before the opening whistle, while rival sportsbooks including FanDuel, DraftKings, and BetMGM are running competing sign-up offers that could be worth thousands. Here is everything you need to know to pick the right promo before the bracket locks in.
Texas and NC State open the 2025 NCAA Tournament in the First Four on March 17, 2025, with tip-off scheduled for 9:15 p.m. ET. The game airs on truTV, giving casual fans and serious bettors alike a nationally televised window into two programs fighting for a spot in the Round of 64. The First Four round, introduced by the NCAA in 2011, features the last four at-large teams and the last four automatic qualifiers to earn tournament bids.
The projected Over/Under for this matchup sits at 158.5 points, a number that carries real context. These two programs met previously in a game that finished 102-97, a combined 199 points that signals both offenses can light up the scoreboard when the stakes are high [1]. Bettors focusing on totals will find that 158.5 is a moderate line given that history, making the over a conversation worth having before placing any wager.
The spread and moneyline will shift in the hours before tip-off, so locking in a sign-up bonus early gives new users the flexibility to shop lines across multiple books without pressure. BetRivers, in particular, allows users to apply their bonus bets to any available market on the game, including the spread, moneyline, or total.
First Four games generate disproportionate betting interest relative to their seeding because both teams are motivated, rested, and playing for tournament survival. Sharp bettors at major books have historically found value in these openers precisely because oddsmakers set lines with less data than they have for Round of 64 games involving top seeds. The public tends to overlook First Four matchups, which can create inefficiencies in the market.
NC State’s 2024 tournament run, which reached the Final Four as a double-digit seed, remains fresh in the memory of bettors and oddsmakers alike. That run demonstrated the program’s ability to win consecutive elimination games, a factor that sportsbooks will almost certainly price into the current line. Texas, meanwhile, brings a Big 12 pedigree and consistent recruiting depth that makes them a reasonable favorite on paper.
BetRivers is offering new users up to $500 in bonus bets as a sign-up promotion tied to the 2025 NCAA Tournament. The structure is straightforward: create a new account, make a qualifying deposit, and place your first real-money wager. If that bet loses, BetRivers returns the stake as bonus bets up to the $500 cap, giving you a second chance to engage with the tournament [1].
Bonus bets at BetRivers do not pay out the bonus amount itself, only the winnings generated from it. This is a standard industry structure, and understanding it prevents confusion when a bonus bet wins. For example, a $50 bonus bet that wins at -110 odds returns roughly $45 in cash profit, not $95 total. Always read the terms before depositing.
BetRivers operates in more than a dozen U.S. states, including Illinois, Pennsylvania, Michigan, New Jersey, and Colorado, among others. Eligibility depends on your state of residence, so confirm availability before creating an account. The promo is restricted to users who have never previously held a BetRivers account.
Most BetRivers bonus bet offers require the qualifying first wager to be placed at minimum odds of -200 or longer, meaning heavily juiced parlays on short favorites may not qualify. Bonus bets typically expire within seven days of being credited, which aligns well with the first weekend of March Madness action running through March 23. Users should plan to deploy bonus bets within the tournament window to maximize their value.
BetRivers is operated by Rush Street Interactive, a Chicago-based company founded in 2012 that holds licenses in every state where it operates. The company’s compliance record and state licensing make it one of the more trusted mid-tier sportsbooks in the U.S. regulated market, a meaningful distinction for new users evaluating where to open their first account.
| Sportsbook | Promo Type | Max Value | Key Condition |
|---|---|---|---|
| BetRivers | Second Chance Bet | $500 | First bet must lose |
| FanDuel | Bonus Bets | $3,000 | $5 first bet required |
| DraftKings | Deposit Match + Bonus | Varies by state | Qualifying deposit needed |
| BetMGM | First Bet Offer | $1,500 | First bet must lose |
| bet365 | Bonus Bets | $150 | $5 first bet required |
| Underdog (DFS) | Deposit Bonus | Varies | Available in more states |
FanDuel’s $3,000 offer leads the market in headline value, but the structure requires a $5 qualifying bet that triggers a tiered bonus payout rather than a single lump sum [1]. BetMGM’s $1,500 first-bet offer is a true second-chance structure, meaning the full qualifying bet amount is returned as bonus bets if the first wager loses, up to the cap. Each offer carries distinct terms, and the right choice depends on your state, deposit size, and betting style.
For users in states where traditional sportsbooks are not yet licensed, platforms like Underdog Fantasy and Kalshi offer alternative ways to engage with March Madness. Underdog operates as a daily fantasy sports platform, which is legal in more U.S. states than regulated sports betting. Kalshi functions as a prediction market, allowing users to trade contracts on outcomes like tournament winners, operating under CFTC oversight rather than state gaming commissions [1].
The U.S. legal sports betting market generated over $119 billion in handle during 2023, according to the American Gaming Association, with March Madness consistently ranking as one of the two or three highest-volume betting events of the calendar year alongside the Super Bowl and NFL playoffs. That volume drives sportsbooks to compete aggressively on sign-up offers during the tournament window, which is why March is the best time of year for new users to open their first account.
Crypto casino and gambling platforms operate in a parallel universe to regulated U.S. sportsbooks, and the distinction matters for March Madness bettors. Offshore crypto sportsbooks are not eligible to offer the state-regulated sign-up bonuses listed above, but many run their own tournament promotions with deposit matches, free bet credits, and reload bonuses tied to the NCAA bracket. If you already hold balances on a crypto gambling platform, check whether your platform has a dedicated March Madness promo before opening a new account elsewhere.
For users who want to use both regulated sportsbooks and crypto platforms during the tournament, the practical approach is to claim regulated promos like BetRivers’ $500 offer first, since those require a new account and a qualifying deposit that you can fund via standard payment methods. Crypto platforms typically accept deposits at any time without account-opening restrictions, giving you flexibility to layer promotions across multiple books during the three-week tournament window that runs through April 7, 2025.
BetRivers offers new users up to $500 in bonus bets through its second-chance bet promotion for the 2025 NCAA Tournament. Promo codes vary by state and promotion period, so check the BetRivers website directly for the current active code in your state. The offer requires a qualifying first deposit and a real-money first wager [1].
What time does Texas vs NC State tip off on March 17?Texas vs. NC State tips off at 9:15 p.m. ET on March 17, 2025, as part of the NCAA Tournament First Four round. The game airs on truTV and is also available via streaming through the NCAA’s official broadcast partners. The winner advances to the Round of 64 [1].
Which sportsbook has the best March Madness promo in 2025?FanDuel offers the highest headline value at up to $3,000 in bonus bets triggered by a $5 first wager, making it the largest offer in the 2025 March Madness promo cycle. BetMGM’s $1,500 first-bet offer and BetRivers’ $500 second-chance bet are strong alternatives depending on your deposit size and state eligibility [1].
Can I use sportsbook promos if I live in a state without legal sports betting?No. Regulated sportsbook promos from BetRivers, FanDuel, DraftKings, and BetMGM are only available to users physically located in states where those books hold active licenses. Users in unlicensed states can explore Underdog Fantasy for daily fantasy contests or Kalshi for prediction market contracts, both of which operate under different legal frameworks and are available in more states [1].
The Texas vs. NC State First Four game on March 17 is more than a play-in contest. It is the opening bell for three weeks of NCAA Tournament action that generates more new sportsbook account registrations than any other event outside the Super Bowl. BetRivers’ $500 bonus offer gives new users a meaningful safety net on their first bet, and the competitive promo environment means bettors who shop across multiple books before depositing will find the best value.
The 158.5 Over/Under deserves serious attention given the teams’ 102-97 prior meeting, and the First Four format historically produces tighter, more competitive games than early-round matchups involving top seeds. Whether you back the total, the spread, or the moneyline, having bonus bets in your account before tip-off at 9:15 p.m. ET on truTV gives you options that cash-only bettors simply do not have.
March Madness rewards preparation. The bettors who claim promos early, understand the terms, and shop lines across multiple books are the ones who extract the most value from the tournament’s 67 games. Start with the First Four, and build from there.
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The post BetRivers Promo Code: $500 Bonus for Texas vs NC State First Four first appeared on Cryptsy - Latest Cryptocurrency News and Predictions and is written by Ethan Blackburn


