DraftKings Promo Code: Bet $5 on CBB Conference Tournaments Get $200 in Instant Bonus Bets

By: Devin Erickson-Sheehy Updated 03/10/2026, 04:45 PM ET
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Conference tournament week has arrived in college basketball, and it is one of the most exciting stretches of the entire sports calendar. Every game carries major implications as teams fight for conference championships and automatic bids to the NCAA Tournament. With bubble teams battling to strengthen their resumes and underdogs trying to extend their seasons, the intensity ramps up across every matchup.

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For new users, the DraftKings promo code offer provides a simple way to jump into the action. Right now, new customers can bet $5 on college basketball conference tournament games and receive $200 in instant bonus bets once their qualifying wager settles.

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With dozens of tournament games being played across multiple conferences each day, this promotion lines up perfectly with the nonstop schedule of college hoops action.

DraftKings Promo Code Offer: Bet $5 on CBB, Get $200 in Bonus Bets

The current DraftKings promo code offer is straightforward and designed to get bettors involved quickly during conference tournament week.

Here’s how the promotion works:

Bet $5 on any college basketball conference tournament game Once the wager settles, receive $200 in instant bonus bets Bonus bets can be used on a wide variety of betting markets

The offer allows bettors to turn a small qualifying wager into multiple betting opportunities across the rest of the tournament schedule.

Conference tournaments create a unique betting environment compared to the regular season. Teams are often playing on consecutive days, rotations tighten, and urgency increases as the stakes grow higher. These factors can lead to momentum swings, close finishes, and surprising results throughout the week.

With games scheduled throughout the day and evening, bettors will have plenty of chances to use the bonus bets across multiple matchups.

Why Conference Tournament Week Is Great for Betting

Conference tournament week is known for its unpredictable nature and high-stakes matchups. Teams that struggled during the regular season suddenly catch fire, while favorites must handle the pressure of win-or-go-home basketball.

Several elements make this week particularly appealing for bettors.

First, neutral-court environments remove traditional home-court advantages. This can level the playing field and make matchups more competitive than regular season meetings.

Second, teams often play multiple games in a short window. Fatigue and roster depth can play major roles in determining outcomes, especially late in tournament runs.

Finally, motivation is at its peak. Many teams need to win their conference tournament to qualify for the NCAA Tournament, which leads to aggressive game plans and high-energy performances.

Because the schedule runs almost continuously throughout the day, bettors can quickly pivot from one matchup to another as the action unfolds.

Ways to Use the $200 Bonus Bets During Tournament Week

Once the qualifying bet settles and the bonus bets are issued, bettors can spread them across a wide range of college basketball betting markets.

Conference tournament week offers dozens of opportunities to deploy those bonus bets.

Common ways bettors use bonus bets include:

Point spread wagers on competitive matchups Totals on games expected to feature fast pace Moneyline bets on potential tournament upsets Player props in high-profile conference games

Because conference tournaments run across multiple days, bettors can also pace their wagers and look for value spots as the bracket develops.

Underdogs often emerge as strong betting options during tournament play, particularly when experienced guard play and strong defensive systems translate well in neutral environments.

With the added flexibility of bonus bets, bettors can explore multiple strategies across the tournament schedule.

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New DraftKings Customers: Spend $5+ Get $200 in Bonuses Instantly!

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Min. Deposit $5
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