Caesars Sportsbook Removes Some of the Madness with Bet Insurance

The March Madness logo. Emilee Chinn/Getty Images/AFP

March Madness is known for being one-and-done for the college basketball teams participating in the NCAA Tournament. Whether you’re Duke or Texas Southern, all it takes is one loss and your season is over. However, the people betting on those teams don’t need to carry the same risk. 

Caesars Sportsbook is offering up to $1,100 in bet insurance for people placing bets on games in the Big Dance.    

What Do You Get?  

The offer is for new users, trying to get them to make a big initial wager. Any amount wagered on a new customer’s first bet will be risk-free, up to $1,100. If you win, you get to keep whatever you made. If you lose, you get your stake back in the form of credits for free bets. 

Caesar boasts that it’s the largest fixed-odds free bet currently on the market. Even though it’s billed as a March Madness deal, the offer is good on a wager on any sport. It’s not limited to college basketball.   

Fine Print 

The offer is good wherever Caesars Sportsbook is doing online business, including Arizona, Colorado, Iowa, Illinois, Indiana, Louisiana, Michigan, New Jersey, New York, Tennessee, Virginia, and West Virginia.  

Other Offers 

That’s not the only promotion Caesars Sportsbook has for new and existing users. The site offers an ever-changing array of odds boosts on moneyline games, parlays, over-under points totals, and props on regional and national champions in the NCAA Tournament.  

A given day’s selection of offerings included boosts ranging from +125 on a first-half moneyline wager to +1300 on a five-team NCAA first-round parlay.