Underdog Promo Code COVERS: $50 Bonus for Texas vs NC State

Robert Harris

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March 18, 2026

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Underdog Fantasy is handing new users $50 in bonus entries the moment they deposit and place a $5 entry using promo code COVERS, a 10x return on the minimum qualifying stake. The promotion launches alongside the NCAA Tournament’s First Four round, spotlighting the Texas Longhorns vs NC State Wolfpack matchup, and is available in most legal sports betting states across the United States.

Underdog Promo Code COVERS Unlocks $50 in Bonus Entries on a $5 Stake

How the COVERS Promo Code Works Step by Step

Claiming this offer takes under five minutes. Visit Underdog Fantasy, create a new account, and enter promo code COVERS during registration. From there, deposit funds and place your first entry of at least $5 on any available contest, including the Texas vs NC State First Four game.

Underdog credits the $50 in bonus entries to your account within 72 hours of your qualifying entry settling. The bonus carries a 1x wagering requirement, meaning you must play through the $50 once before withdrawing any winnings derived from it. You have 14 days from the date the bonus posts to satisfy that requirement, which is a generous window compared to many competing platforms [1].

The effective value proposition here is straightforward: a $5 real-money entry triggers $50 in bonus entries, giving new users meaningful exposure to Underdog’s pick’em and fantasy contest formats without a large upfront commitment. That 10:1 ratio on the minimum qualifying stake is one of the stronger welcome offers currently active in the fantasy sports market.

Which States Are Eligible and Which Are Excluded

Underdog Fantasy operates in the majority of U.S. states, but the COVERS welcome bonus is specifically excluded in New Jersey, New York, Maryland, Ohio, Michigan, and Pennsylvania as of the 2025 NCAA Tournament window. Residents of those six states cannot claim the $50 bonus entry offer, even if they can access the Underdog platform for standard play.

If you live in a state not on that exclusion list, such as Texas, North Carolina, Florida, Colorado, or Arizona, you qualify for the full promotion. Always verify your state’s current eligibility directly on the Underdog Fantasy terms page before depositing, as regulatory conditions can shift between sports seasons [1].

Texas vs NC State First Four Preview: What Bettors and Fantasy Players Need to Know

The Matchup Context and Why It Matters for This Promo

The Texas Longhorns and NC State Wolfpack meet in the NCAA Tournament’s First Four round, the four-game opening salvo that determines the final bracket spots before the Round of 64 begins. First Four games are played at a single neutral-site venue, historically Dayton, Ohio’s UD Arena, which has hosted the event since the format expanded to 68 teams in 2011. The compressed schedule and single-elimination stakes make these games high-variance, which is exactly the environment where fantasy pick’em formats thrive.

Texas enters as a program with significant recent investment following its move to the SEC in 2024, while NC State carries the memory of its stunning 2024 NCAA Tournament run to the Final Four, a run that made the Wolfpack one of college basketball’s most-discussed teams heading into the 2025 season. Both programs bring motivated rosters into a game where the margin for error is zero, and a single possession can determine a season.

For Underdog Fantasy users, the Texas vs NC State game serves as the anchor contest for this promotion, but the $50 in bonus entries can be deployed across any live Underdog contest. That flexibility means you are not locked into a single game outcome to extract value from the welcome bonus [1].

Key Statistical Factors for Texas vs NC State Predictions

When building a First Four prediction or fantasy lineup, pace of play and turnover rate are the two metrics that most reliably separate winning picks in short-sample tournament games, according to analytics frameworks used by major college basketball statistical databases. Teams that protect the ball and control tempo in neutral-site environments consistently outperform their seed line in First Four matchups.

NC State’s 2024 tournament run was built on defensive intensity and clutch free-throw shooting in the final minutes of close games. Texas, under its current coaching staff, emphasizes half-court execution and size in the paint. Bettors and fantasy players should monitor injury reports released 90 minutes before tip-off, as First Four rosters can shift quickly given the condensed travel schedule leading into the game.

How Underdog’s COVERS Offer Compares to 2025 March Madness Promos

The sports betting and fantasy market floods with welcome offers every March. Placing the Underdog COVERS promo in context helps you decide where to allocate your first deposit across platforms.

Underdog Fantasy operates as a daily fantasy sports platform rather than a traditional sportsbook, which means it is legal in a broader set of states than regulated sports betting apps. That distinction matters enormously for users in states where full sportsbook wagering remains unavailable. The 1x wagering requirement on the $50 bonus is also among the least restrictive in the industry, where 3x to 5x playthrough requirements are common on casino-adjacent platforms [1].

The NCAA Tournament generates more sports betting handle in the United States than any other college sports event. According to the American Gaming Association, an estimated 68 million Americans planned to bet on March Madness in 2024, wagering a projected $3.1 billion across legal channels [2]. That volume makes March the single most competitive month for sportsbook and fantasy platform promotions, which is why offers like the COVERS code carry real monetary weight for new users entering the market.

Covers.com, the source domain powering this promotion’s branding, is one of North America’s longest-running sports betting information resources, having tracked odds, lines, and consensus picks since 1995. Its partnership with Underdog Fantasy for this promo code signals the continued convergence of sports media and fantasy sports platforms in the post-PASPA legal betting era [1].

Why RaceFi Readers Should Pay Attention to March Madness Promos

Racing fans and sports bettors operate in the same ecosystem of risk management, odds reading, and bankroll discipline. The skills that make a sharp horse racing bettor, reading value lines, understanding variance, and sizing entries correctly, translate directly to fantasy sports pick’em formats like those Underdog offers. The $50 in bonus entries from the COVERS code gives you a low-risk environment to test those analytical instincts on basketball without committing significant capital.

March also represents a natural crossover period for the sports calendar. The NCAA Tournament runs concurrently with the early weeks of the 2025 thoroughbred racing season, including major prep races on the Kentucky Derby trail. Bettors who already have accounts on fantasy and sports betting platforms during March are better positioned to act quickly when racing markets open for major spring events. Treating the Underdog welcome bonus as a bankroll-building exercise during a high-volume sports month is a tactically sound approach for any multi-sport bettor.

Key Takeaways

• Promo code COVERS on Underdog Fantasy delivers $50 in bonus entries on a minimum $5 first entry, a 10:1 return on the qualifying stake.
• The bonus entries post to your account within 72 hours of your qualifying entry settling.
• A 1x wagering requirement must be completed within 14 days of the bonus posting, one of the least restrictive terms in the current market.
• The promotion is excluded in 6 states: New Jersey, New York, Maryland, Ohio, Michigan, and Pennsylvania.
• The anchor game for this promotion is the Texas Longhorns vs NC State Wolfpack First Four matchup in the 2025 NCAA Tournament.
• The offer is not restricted to that single game and can be used on any available Underdog Fantasy contest.
• The American Gaming Association estimated 68 million Americans planned to bet on March Madness in 2024, with $3.1 billion wagered through legal channels [2].

Frequently Asked Questions

The Bottom Line

The Underdog promo code COVERS is one of the cleaner welcome offers active during the 2025 NCAA Tournament window. A $5 entry triggering $50 in bonus entries, with a 1x playthrough and a 14-day window to use them, gives new users genuine flexibility without the punishing rollover terms that make many platform bonuses difficult to extract value from. The Texas vs NC State First Four game provides a high-stakes, single-elimination backdrop that suits the pick’em format perfectly.

For bettors in eligible states, the calculus is simple: the minimum commitment is $5, the upside is $50 in contest entries, and the terms are among the most user-friendly in the current market. Users in the 6 excluded states should check back as Underdog regularly updates its state-by-state promotional availability as new regulatory approvals come through [1][2].

March Madness only comes once a year, and the best promotional windows close fast. If you are going to engage with the 2025 NCAA Tournament through fantasy sports, starting with a 10:1 bonus ratio is the sharpest opening move available right now.

Sources

1. Covers.com – Underdog Fantasy promo code COVERS offer details, eligibility states, wagering requirements, and bonus entry terms for the 2025 NCAA Tournament First Four.
2. Covers.com – American Gaming Association data cited via Covers reporting: 68 million Americans projected to bet on March Madness in 2024, with $3.1 billion wagered through legal U.S. channels.