The best part about March Madness is the exciting college basketball action that is on display on a regular basis. Every day another game goes down to the buzzer and another big upset happens. That is why it is important to bet at a sports betting site that will give you the option to enjoy the action to the fullest.

BetPhoenix is one of the sports betting sites that is already geared up for the big college basketball betting action that will happen in the month of March. Besides being one of the best sportsbooks to bet on sports they are also known for giving out great bonuses and offering up great contests for the players during the biggest sports betting events.

This includes a sweet sixteen contest that are ready to begin just in time for all of the Madness that happens in the month of March.

Entries will be awarded for every $300 deposited to your account, between February 8th, 2016 and closing date on March 24th, 2016 (one hour before the tip-off of the first Sweet 16 round game.) Submission of entries opens on Monday, March 21st at 1:00PM ET.

Bracket entries must be received by March 24th, 2016 at tip-off of the first game (once the times are posted we will put the exact closing time of entry submission), entries submitted after the cut off time will not be accepted.

Bracket Contest Closing Time: Tip-off of the tournament’s first Sweet 16 game. The top 10 performers are prize eligible and prizes will be allocated based on performance as follows:

1st Place: Samsung UN65JU6700 Curved 65-Inch 4K Ultra HD Smart LED TV (2015 Model) OR $1200 Cash Bonus (2x rollover, 2x max cash out)

2nd Place- Bose SoundTouch 120 Home Theater System - Black OR $1000 Cash Bonus (2x rollover, 2x max cash out)

3rd Place: GoPro Hero 4 Black 4K Waterproof Action Camera Kit (9 Items) + Char-Broil Performance TRU-Infrared 340 2-Burner Gas Grill OR $600 Cash Bonus (2x rollover, 2x max cash out)

4th Place: PlayStation 4 500GB Console - Star Wars Battlefront Bundle + X Rocker 51396 Pro Series Pedestal 2.1 Video Gaming Chair, Wireless OR $400 Cash Bonus (2x rollover, 2x max cash out)

5th Place: Char-Broil Classic 480 48,000 BTU 4-Burner Gas Grill with Side Burner +  Danby DBC120BLS Beverage Center - Stainless Steel OR $300 Cash Bonus (2x rollover, 2x max cash out)

6th -10th Place: Samsung Galaxy Tab 4 OR $200 Cash Bonus (2x rollover, 2x max cash out)

Places will be decided by both selection accuracy and time of entry submission. Clients may have multiple entries, but only under the same account number and accounts with more than 1 winning entry will only get the higher prize awarded.

Entry submission time is the tie-breaking factor where accuracy of selections is equal. Prizes will be sent one week after the National Championship game scheduled on Monday, April 4th, 2016, once all account information has been verified.

There is no way that you want to miss this contest at BetPhoenix if you are a college basketball betting fan!