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NCAA Tournament Betting: 2023 Tennessee March Madness Odds Plus up to $4,500 in Sportsbook Bonuses

The Tennessee Volunteers are returning to the dance as they gear up for the 2023 NCAA Tournament. The Vols come in as the No. 4 seed in the East Region of the bracket, and for their first game, they will take on the No. 13-seeded Louisiana Ragin Cajuns’ on Thursday, March 16, with a 9:40 p.m. ET tip-off.

Tennessee finished the season with a 23-10 overall record and an 11-7 mark in SEC play. Although they were quickly bounced from the SEC Tournament, the Vols come into March Madness with one of the best defenses in the country and are the fifth-ranked team, according to KenPom.

Here, we will break down our favorite Tennessee March Madness Bets, plus the best sportsbook bonuses that will help you build your bankroll and litter the board with March Madness wagers.

DraftKings Promo Code

2023 Tennessee March Madness Odds: Best Bets for Tennessee During NCAA Tournament

With all of the legal sportsbooks available to the public, each one will have different odds and lines for Tennessee’s tournament games. So, knowing each book’s numbers for each game will be pivotal if you want to leave this tournament with a profit.

If you feel extra confident in the Vols to win it all, you can also look at the March Madness futures odds before the tournament even tips off. Obviously, the road to a futures bet is more complex to cash than just betting on whatever game Tennessee is playing on any given day, but the payout is much larger, and that feeling of picking the correct champion in a field of 68 teams is one of the best in the world.

Tennessee Volunteers March Madness Future Odds

Odds To Win East Region

Odds To Win National Championship

Tennessee March Madness First-Round Best Bet

Tennessee will be without Zakai Zeigler, its best playmaker on offense, as he leads the team in assists per game (5.4), and although he is a streaky shooter, the Vols will miss his presence on offense.

Luckily, this team is run by its defense, as it is ranked second in KenPom‘s Adjusted Defensive Efficiency rating, and the defense is in the top five in scoring (58 points allowed per game), shooting percentage (36.9%), shooting efficiency (0.949), and it is the top-ranked defense in opponents three-point field goal percentage (26.2%). The Ragin Cajuns are an excellent perimeter-shooting team, and they shoot 36.6% from deep.

Although Tennessee’s dominance on defense is more focused on the inside. The Vols have done a great job defending the outside shot, which could give this Louisiana team a lot of trouble.

Louisiana had to win the Sun Belt Conference Tournament to get here, and the players likely have tired legs after playing three-straight do-or-die games. Although they are getting a few days of rest, this is the first time they have seen a defense as talented as this one, and they will get stunned early. In this spot, we will ride with the first half Under as Tennessee feels this team out, and Louisiana tries to find ways to puncture this defense.

Best Bet: 1H Under 63.5 (-120) via FanDuel Sportsbook

Best March Madness Bonuses: How To Bet on Volunteers During NCAA Tournament

The opening round of the NCAA Tournament will tip off on March 16, giving bettors plenty of time to research teams, scan the board for their favorite bets, and of course, claim all the bonus offers from some of our favorite mobile sportsbooks.

With thousands of dollars being offered in bonus bets from some of the top sportsbooks in the country, including DraftKings, FanDuel, and more, you should consider signing up for each sportsbook available in your state to build a nice bankroll for the first round of March Madness.

Here, we will include all our bonus offers and how to claim them.

DraftKings Promo Code: Claim Up To $1,200 in Bonuses

Use our DraftKings promo code ahead of the first round of the tournament to claim up to $1,200 in bonus bets. This bonus only requires a $5 deposit to claim and will come in three parts:

  • $50 bonus bets upon sign-up and deposit
  • 20% deposit match up to $1,000
  • Bet $5, and get $150 in bonus bets if your wager wins

Upon completing your account, you will receive a $50 bonus bet and a 20% deposit match up to $1,000 (25x playthrough requirement). All you need to do to claim this is use our DraftKings promo code, make a $5 minimum deposit, and complete the sign-up process. Only your first deposit will be matched, so consider how much money you are comfortable depositing at sign-up and make your first deposit today.

From there, make your first wager on any March Madness betting market of at least $5, and if it wins, you will receive $150 in bonus bets. This means you can make a $5 moneyline wager on Tennessee to win its first game of the tournament against Louisiana, and if they win, you will get $150 in bonus bets on top of the $50 bonus bet and deposit match being offered to you upon sign-up.

You will have seven days to use all awarded bonus bets before they expire.

Claim up to $1,200 bonuses with our DraftKings promo code

BetMGM Bonus Code ROCKYBET: Get $1,000 Back On Your First March Madness Bet

New users with BetMGM Sportsbook can use our BetMGM bonus code ROCKYBET at sign-up to claim a first bet offer of up to $1,000 paid back in bonus bets if your first wager loses.

Once you have signed up for a new account and have made a minimum $10 deposit, place your first wager on any March Madness line, and if it loses, you will get your money back in bonus bets up to $1,000.

If your wager is below $50 and loses, you will receive a one-time bonus bet equal to the amount wagered. If your first bet is over $50 and loses, you will receive five bonus bets in 20% increments of your initial wager.

BetMGM Bonus Code

Caesars Sportsbook Promo Code STARTFULL: Score Up To $1,250 On Caesars + 1,000 Tier Credits + 1,000 Reward Credits®

Using our Caesars promo code STARTFULL at sign-up will award you a fantastic welcome offer. First, your first bet up to $1,250 will be covered by Caesars Sportsbook if it loses. Users will also receive 1,000 Tier Credits + 1,000 Reward Credits® that can be redeemed for any Caesars Sportsbook boost, bonus, or promotion.

To claim this offer, use our Caesars promo code STARTFULL at sign-up, create a new account, make an initial deposit of at least $10, and place your first March Madness wager up to $1,250 and if it loses, you will get your money back in bonus bets.

While you only need a $10 deposit to unlock this offer, only your first wager will be covered up to $1,250 if it loses. For example, if you want to take full advantage of this offer, you can deposit $1,250 at sign-up and place that money on any March Madness betting market. You will get your entire wager back on Caesars in bonus bets if it loses.

Caesars Promo Code

FanDuel Promo Code: Get a $1,000 No Sweat First bet Offer For March Madness

New FanDuel Sportsbook users can use our FanDuel promo code at sign-up to get a $1,000 No Sweat First Bet. This means that you can place your first wager up to $1,000 on any March Madness line, and if it loses, FanDuel has your back as they will give you your entire wager back in bonus bets.

If you are new to sports betting, FanDuel gives you one of the best feelings in the world for your first March Madness wager. All you need to do is make a $10 deposit at sign-up and place your first bet of up to $1,000 on any March Madness betting market. If that bet loses, you will get your money back in bonus bets. 

FanDuel Promo Code

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