Underdog Promo Code COVERS: Play $5, Get $50 for March Madness
Underdog is offering new users $50 in bonus entries for a minimum $5 entry on the Miami (OH) vs. SMU First Four matchup, activated through promo code COVERS. The $50 bonus is credited within 72 hours regardless of how the qualifying entry performs. This is a straightforward NCAA fantasy sports bonus with a low barrier to entry and a single 1x wagering requirement.
How the Underdog $5, Get $50 Offer Works
The qualifying entry requirement
According to Covers [1], the promotion requires a minimum $5 initial entry specifically on the Miami (OH) vs. SMU game to unlock the $50 in bonus entries. That is the only game that triggers this particular offer. No larger deposit or complex multi-step process is required.
The structure is straightforward: place at least $5 on the First Four clash, and the bonus activates. Winnings from the initial $5 entry are yours to keep, and the $50 bonus arrives on top of that, no matter the outcome of the game.
That “regardless of outcome” structure removes the sting of a potential first-entry loss. You are not chasing a result to unlock the bonus. The $50 in bonus entries is coming either way once the qualifying entry is placed.
When the bonus arrives
Covers [1] confirms the $50 in bonus entries is credited within 72 hours of the qualifying entry being placed. That is a relatively fast turnaround for a promotional credit, especially during a tournament window when games stack up quickly.
Once credited, the bonus funds carry a 1x wagering requirement that must be completed within 14 days. A 1x requirement means you need to use the bonus funds in entries equal to the bonus amount once before any resulting winnings become withdrawable. That is one of the lighter wagering requirements in the current promo market.
Who Can Claim This Bonus
Eligibility basics
The offer is available to new users aged 18 and older in eligible states, according to Covers [1]. Age verification is standard across all legitimate fantasy sports and gaming platforms operating in the United States. If you already have an Underdog account, this promotion does not apply to you.
The promo code to enter is COVERS. That code is what links your account to this specific $5, Get $50 structure tied to the Miami (OH) vs. SMU game.
States excluded from the offer
Not every state qualifies. Covers [1] notes that several states are excluded, with New Jersey, New York, and Ohio specifically named among those ineligible. If you are located in one of those states, this promotion is not accessible to you.
The exclusion of Ohio is notable given that Miami (OH) is one of the two teams featured in the qualifying game. Users in other states not listed as excluded should verify their eligibility directly through the platform before placing an entry.
Bonus Terms at a Glance
| Term | Detail |
|---|---|
| Promo Code | COVERS |
| Minimum Entry | $5 on Miami (OH) vs. SMU |
| Bonus Amount | $50 in bonus entries |
| Bonus Credit Timeline | Within 72 hours |
| Wagering Requirement | 1x on bonus funds |
| Wagering Window | 14 days |
| Eligibility | New users, 18+, eligible states |
| Excluded States (named) | NJ, NY, OH (plus others) |
The 14-day window to complete the 1x wagering requirement is generous during March Madness, when the tournament schedule provides a high volume of games across multiple rounds. New users have a realistic runway to deploy the bonus funds without scrambling.
The combination of a low minimum entry ($5), a fast bonus credit (72 hours), and a light wagering requirement (1x) makes this one of the more accessible promotional structures available for the First Four window, based on the terms reported by Covers [1].
Fantasy Sports and Gaming Angle
This offer sits within the daily fantasy sports space, not traditional sports betting. That distinction matters for users in states where sports betting remains restricted but daily fantasy sports operate legally. The promo code COVERS and the $50 bonus entry structure are specific to Underdog’s fantasy platform.
For online gaming enthusiasts already familiar with bonus structures, the 1x wagering requirement here is notably lighter than what most online casino welcome bonuses carry, where 20x to 40x requirements are common. The 14-day completion window and the “bonus credited regardless of outcome” mechanic are both user-friendly terms worth paying attention to when comparing promotional offers across platforms.
Key Takeaways
- Use promo code COVERS on Underdog to activate the $5, Get $50 bonus for the Miami (OH) vs. SMU First Four game.
- A minimum $5 entry on the Miami (OH) vs. SMU matchup is required to trigger the $50 in bonus entries.
- The $50 bonus is credited within 72 hours of placing the qualifying entry, regardless of the game’s outcome.
- Bonus funds carry a 1x wagering requirement that must be completed within 14 days of the credit being issued.
- The offer is restricted to new users aged 18 and older in eligible states.
- New Jersey, New York, and Ohio are among the states specifically excluded from this promotion.
- Winnings from the initial $5 qualifying entry are kept by the user in addition to receiving the $50 bonus.
Frequently Asked Questions
What is the Underdog promo code for March Madness?
The promo code is COVERS. Entering this code as a new user and placing a minimum $5 entry on the Miami (OH) vs. SMU game unlocks $50 in bonus entries, according to Covers [1].
How long does it take to receive the $50 bonus entries?
Covers [1] states the $50 in bonus entries is credited within 72 hours of the qualifying entry being placed. The bonus arrives regardless of whether the initial entry wins or loses.
What states are excluded from the Underdog COVERS promo?
The offer is not available in all states. Covers [1] specifically names New Jersey, New York, and Ohio among the excluded states, along with several others. Users should confirm their state’s eligibility before signing up.
What is the wagering requirement on the $50 bonus?
The bonus funds carry a 1x wagering requirement, meaning the $50 must be used in entries once before any resulting winnings are accessible. This requirement must be completed within 14 days, per Covers [1].
The Bottom Line
The Underdog promo code COVERS delivers a $50 bonus entry package for a $5 minimum stake on the Miami (OH) vs. SMU First Four game. The terms are transparent: 72-hour credit window, 1x wagering requirement, 14-day completion period, and the bonus arrives regardless of the game’s result.
For new users in eligible states, the low entry threshold and light wagering conditions make this one of the more accessible March Madness promos currently available. The exclusion of New Jersey, New York, and Ohio means a portion of potential users will need to look elsewhere, but those who qualify have a clear, low-friction path to $50 in bonus entries.
If you are 18 or older, located in an eligible state, and have not yet created an Underdog account, the Miami (OH) vs. SMU First Four game is the trigger event for this offer.
Claim Your $50 Bonus with Underdog Promo Code COVERS
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Sources
- [1]: Covers – Underdog promo code COVERS offer terms, eligibility, bonus structure, and excluded states for the Miami (OH) vs. SMU First Four game.
