Underdog Promo Code COVERS: Play $5, Get $50 Bonus for March Madness on Friday (Mar. 20)

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Mar 20, 2026 , 10:51 AM ET • 3 min read

Use Underdog promo code COVERS for $50 in bonus entries on March Madness Round 1 games. Claim your fantasy sports bonus today.

Photo By - Use Underdog promo code COVERS to play $5, Get $50.

March Madness Round 1 delivers four compelling matchups Friday between 12-2 PM ET, featuring potential upsets like Santa Clara vs. Kentucky and Wright State vs. Virginia. The Underdog promo code COVERS unlocks $50 in bonus entries for fantasy contests on these games.

This welcome offer from one of the best prediction market apps provides excellent value for Friday's tournament action.

Play $5, Get $50
Code: COVERS

March Madness Underdog Promo Code Details

The Underdog promo code delivers $50 in fantasy bonus entries after placing your first $5 entry. This promotion targets Friday's opening tournament games, where upsets could reshape brackets nationwide. New users must enter COVERS during registration to qualify for this welcome bonus.

The bonus carries a 1x wagering requirement that must be completed within 14 days of receipt. Your $50 in bonus entries expires after 60 days if unused. For example, if you create a fantasy lineup featuring Kentucky's Otega Oweh and Arizona's Koa Peat and your picks hit, you keep all winnings plus access to your remaining bonus funds. If your initial picks miss, you still retain the full $50 bonus to use on future contests.

Key terms include age restrictions (18+ in most states, 21+ in Arizona, Massachusetts and Virginia) and geographic limitations excluding New Jersey, New York, Maryland, Ohio, Michigan and Pennsylvania. Account verification is required before withdrawing any winnings. Compare this offer with other best prediction market promos to maximize your March Madness betting value.

Friday, March 20 - Key March Madness Matchups

  • (10) Santa Clara vs. (7) Kentucky - 12:15 PM ET (CBS)
  • (16) Long Island University vs. (1) Arizona - 1:35 PM ET (TNT)
  • (15) Tennessee State vs. (2) Iowa State - 2:50 PM ET (CBS)
  • (9) Utah State vs. (8) Villanova - 4:10 PM ET (TNT)
  • (9) Iowa vs. (8) Clemson - 6:50 PM ET (TNT)
  • (12) Northern Iowa vs. (5) St. John's - 7:10 PM ET (CBS)
  • (16) Prairie View A&M vs. (1) Florida - 9:25 PM ET (TNT)
  • (13) California Baptist vs. (4) Kansas - 9:45 PM ET (CBS)

Use the correct Underdog promo code for your state

Underdog Promo Code Eligible States
 COVERS AK, AL, AR, AZ, CA, CO, FL, GA, IL, IN, KS, KY, MA, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV, WY

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How to Claim Your $50 Underdog Bonus

Follow these steps to secure your Underdog welcome bonus for Friday's March Madness games:

  1. Visit Underdog Fantasy through the promotional link
  2. Create your new account and enter promo code COVERS
  3. Verify your account with required documentation
  4. Make your first $5 fantasy entry on any available contest
  5. Receive $50 in bonus entries within 72 hours automatically
  6. Use bonus funds on March Madness contests or other available games

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

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