BetOnline’s $200k Bracket Madness is live at the site

betonline betting news february 2024

Updated February 24, 2024By Chris Boline
betonline betting news february 2024

The NCAA Tournament is nearly upon us so of course you can expect some excellent NCAA men’s basketball promotions from BetOnline. Per the promotions page on its website, the $200,000 Brackness Madness Contest features a rake-free, accumulating prize pool. This contest is new for 2024 and every dollar from every entry fee goes into growing the prize once BetOnline surpasses $200,000 in entry fee. According to the site, the contest begins with the First Round of the 2024 Men’s NCAA Basketball Tournament on Thursday, March 21st, 2024. Once you submit your selections you can change your picks at any time until the bracket submission deadline at 12:30 pm ET on Thursday, March 21st. Of course, the 2024 Brackness Madness Contest features an accumulating prize, starting with a guaranteed $200,000 cash in the prize pool. Participants accumulate points by picking the winners of all 63 games in the 2024 NCAA Division I Men’s Basketball Tournament. 

In this report, SBS will be going over what to look for from the latest gaming news and notes coming from BetOnline and also some more general thoughts about the website. 

Contest entries close at start of the NCAA Tournament

As noted on the contests page at BetOnline, the $200,000 Brackness Madness Contest opens for pre-purchase entries on Tuesday, February 6th, 2024, and closes on Thursday, March 21st, 2024 at 12:15 pm ET. All entries purchased after this point will be considered void and will not be eligible for any of the prizes. The bracket officially opens for selections on Sunday, March 17th, 2024 at 9:00 pm ET and closes on Thursday, March 21st. The Contest begins with the First Round of the 2024 Men’s NCAA Basketball Tournament on Thursday, March 21st, 2024. Moreover, you can change your picks right until the start of the tournament. Also if your bracket is not completed or fully filled out by 12:30 pm ET on Thursday, March 21st, your entry will be void and eliminated from the contest. 

For this contest, the round dates are as follows: First Round (March 21st-22nd), Second Round (March 23rd-24th), Sweet 16 (March 28th-29th), Elite 8 (March 30th and 31st) and Final Four (April 6th) and the National Championship (April 8th). Only fully completed brackets qualify for the contest prizes and entries are available only for purchase online and cannot be purchased by phone or live chat. House rules and regulations apply. 

Contestants get price breaks the more entries they buy

According to the website, contestants can enter this promotion up to 20 times and will receive a discounted rate on additional entries based on the table at the site. For instance, the first entry is $20 and then goes to $5 each from the second and third entries ($15 each), the fourth to tenth entry ($10), to 11 through 20 ($5 each). Entries may only be purchased with real cash funds and all entry purchases will be deducted from the contestant’s BetOnline cash balance. If you do not purchase all 20 entries, you can come back and purchase more entries at any time until the deadline, Thursday, March 21st, 2024. 

For this promotion, participants must pick the winners of all 63 games in the 2024 NCAA Division I Men’s Basketball Tournament and once those picks are made, they enter a tiebreaker prediction as well. Points are awarded for each correct pick. For the point system, you receive one point for every correct selection in the first round. After that, contestants get two points for correct picks in round two and four points for every correct pick in Sweet 16. Finally, if you select the winner of the Championship Game, you will then receive 32 points. For the $200,000 guaranteed prize pool, first place locks down a cool $50,000, while second place nets you $25,000 and third place is good for $10,000. Per the site, the top 1,250 contestants will win prizes and the cash prize pool will be divided based on the table below. For more information, check out the BetOnline promotions page. 

As noted on the promotions page, you can take advantage of the Early Bird entry by purchasing two (2) bracket entries and getting a $10 Free Play for a limited time only. You must purchase a minimum of two (2) entries before 11:50 pm ET on Sunday, February 18th to qualify for the Free Play credit. The Free Play comes with a 1x rollover. Free Plays will be credited within 72 hours of purchasing your second entry to the contest. 

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Even more notes and info about using BetOnline

Once you are all dialed in regarding the latest gaming news and notes coming from BetOnline, make sure to tap into the wide variety of info available to you only at SBS. Of course, if you are a regular reader of this space you know that means checking out the BetOnline sportsbook review breakdown. Here you can learn more about the latest news and notes coming from BetOnline and what that means for you. Conversely, if you are interested in some higher stakes wagering, then take a look at the VIP sports betting sites rundown which covers the perks of VIP betting and what that might mean for you. Finally, for those interested in some different deposit and withdrawal options, look no further than our payment methods guide. Here you can find all kinds of different methods from cryptocurrencies to more traditional banking routes. 

About the Author

Chris Boline

Chris Boline

As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football in the Mountain West Conference, and basketball.
Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones.

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