bet365 Bonus Code: Bet $5, Get $150 or $1,000 Offer

The current bet365 bonus code unlocks a choice of two different welcome offers. The first lets you bet $5 and get $150 in bonus bets, regardless of how the qualifying wager is settled. The second bonus comprises a $1,000 first bet safety net that will refund losing wagers.

By using two very different bonus structures, bet365 lets you select the option that best suits your bankroll and appetite for risk. High-rollers typically prefer the $1,000 first bet safety net offer, whereas casual bettors like to bank the $150 in guaranteed bonus bets.

If you sign up with bet365 via our affiliate links, you stand to earn some commission. However, this simply helps us to provide free content and insights, and has no impact on our impartial bonus reviews. Each of our recommendations are instead based on verified offers and extensive testing.

bet365 Bonus Code - Complete 2025 Guide

Our affiliate bet365 bonus code is COVERS. However, an alternative code (CVSBONUS) is used in CO, IL, NJ, PA and TN. This variation is caused by different state regulations and levels of market maturity, while the Pennsylvania offer has also been extended to include 50 free casino spins.

Online casino gambling is also legal in New Jersey. So, the bet365 welcome bonus here includes 10 Golden Chips, which are awarded regardless of how your qualifying wager is settled.

When online, you’ll see different review sites publish their own bet365 bonus codes. This is because each affiliate site will use their unique own code, to help the brand track individual sign ups and their origins. However, each of these codes will unlock the same choice of welcome bonuses at bet365.

Due to this variation, it’s important to verify that a particular bonus code is both valid and legitimate. Here are some steps to help you achieve this objective:

• Check That the Code is Live: Each promo code review will include the T&Cs of the associated bonus. Check the bonus’s expiry date to ensure that the code has been tested and remains live
• Verify Other Key T&Cs: You should also use this opportunity to verify other key bonus T&Cs and ensure that they’re fair. These include eligibility criteria, wagering requirements and minimum odds stipulations
• Regional Eligibility: It’s also important to make sure that a particular promo code and its bonus are targeted at US players. You should also confirm that a specific code is applicable in your state jurisdiction

bet365 Promo Code vs Bonus Code - What's the Difference?

You’ll often find that the terms promo code and bonus code are used interchangeably online. However, they both refer to the exact same thing: namely a combination of letters and numbers that are used to unlock special offers such as the bet365 bonus.

Search trends show that both terms are equally popular, although promo code is slightly more popular and widely used in the US. In regions such as the UK, you may find that the term bonus code is used more frequently.

Geographical trends are key in determining which term is more commonly used in different regions across the globe. Regardless of which term is deployed, however, you can rest assured that both have the same definition and work in the exact same way.

bet365 Bonus: Complete Welcome Offer Breakdown

We’re now going to drill a little deeper into the two welcome bonuses at the bet365 sportsbook. Below, you’ll find our detailed analysis of each promo, alongside a complete breakdown of the relevant terms and conditions.

Bet $5, Get $150 in Bonus Bets Win or Lose

Let’s start with the Bet $5, Get $150 in Bonus Bets promo. This is a highly accessible bonus offer, which requires a minimum first deposit of $10 and just a $5 qualifying bet. What’s more, the bonus bets are awarded regardless of how your qualifying wager is settled, so you can target a much broader range of odds and markets.

This is restricted slightly by a minimum odds requirement of -500. However, this still enables you to bet on outcomes with an implied probability of up to 83.3%, unlocking virtually all spreads, totals lines, props and parlays in the process.

Once your qualifying wager has been settled, the $150 in bonus bets will be added to your account. After issuance, the bonus bets will expire after seven days, while they must be wagered 1x before you can complete a withdrawal.

With a low minimum bet limit and flexible settlement rules, this bet365 bonus has relatively few barriers to entry. Even the minimum odds requirement of -500 unlocks a large selection of lines and markets. So, the promotion is ideal for casual or risk-averse bettors, or those of you with smaller real money bankrolls.

iOS Reviews

Overall, the bet365 app has been well received on iOS, with an average score of 4.7/5 from over 390k reviews on the operating system. The reviews that reference the bet365 bonus are largely favorable, referencing their timely issuance and transparent T&Cs. Some users reported slight delays in receiving their bonus bets, but this had more to do with temporary app functionality issues.

$1,000 First Bet Safety Net Explained

The second bet365 sign up bonus unlocks a $1,000 first bet safety net. In practical terms, this means that the brand will refund your first qualifying bet up to the value of $1,000, in instances where this is settled as a loss. So, it has a far higher cash value than the alternative offer, but higher risk and more stringent settlement criteria.

The minimum bet limit is higher too ($10), creating a slightly higher barrier to entry. Although the wager isn’t bound by minimum odds requirements, this is largely insignificant as the settlement criteria should encourage you to back underdogs at relatively lengthy prices.

To provide some context, let’s say that you placed a qualifying wager of $1,000 on a five-leg parlay, which backed the Steelers, Ravens, Lions, Colts and Eagles to triumph in NFL gameweek 12. This would unlock cumulative odds of +950, and your wager will either win and bank a profit of $9,600 or lose and trigger the $1,000 bonus bets in full.

If your wager is settled as a loss, the bonus bets will usually be added to your account within the hour. Once again, these wagers will be valid for seven days after issuance, while you don’t have to use them in a single lump sum.

When to Claim the $1,000 Safety Net Bonus

This bonus has been targeted at high-stakes bettors, who are able to maximize value by staking the highest possible qualifying wager of $1,000. If your bankroll can sustain this level of financial commitment, you can either unlock the $1,000 safety net bets in full or potentially land a sizable profit. The key is to build qualifying parlays or back moneyline underdogs at lengthy odds.

Enhanced bet365 PA Bonus (+ 50 Spins)

As we’ve touched on, you’ll find bet365 promo code variations in states like PA and NJ, both of which have licensed online casino gambling. These codes unlock slightly different offers too, with PA bettors able to augment their bonus selection with 50 free spins.

These spins are often awarded instantly, although they may take up to 72 hours to land in your account. You’ll have seven days in which to deploy them, on one or more of the following games:

• Big Piggy Bank
• Grizzly
• Space Invaders Win & Spin
• Wolf it Up!

All free spins winnings are subject to wagering requirements of 10x. So, if you accrue $20 through your free spins, you’ll have to playthrough $200 before completing a withdrawal.

Separate bet365 NJ Bonus (+10 Golden Chips)

In New Jersey, you can choose from the two available bet365 bonuses while also claiming 10 Golden Chips.

The Golden Chips are credited automatically following the settlement of your qualifying bet. However, they may take up to 72 hours to land in your account. Once again, they’ll remain valid for seven days, and are eligible to be used on qualifying Playtech games. These include:

• Adventures Beyond Wonderland
• Live Roulette
• Live Baccarat
• Multiplayer Blackjack VZN

This leg of the bonus isn’t subject to wagering requirements. So, you’ll be able to withdraw any accrued winnings immediately.

Bettors in both states benefit from these enhancements, which reflect the legalization of online casino gambling in Pennsylvania and New Jersey. Those of you in NJ can enjoy wager-free casino gameplay too, with each Golden Chip carrying a cash value of $1 ($10 in total).

How to Claim the bet365 Bonus Code

Now that we’ve broken down the two bet365 first bet offers, you can select one that best suits the size of your bankroll and your appetite for risk. Below, we’ve prepared a step-by-step guide to help claim your choice of bet365 bonus and fulfill the terms and conditions in full.

Step 1: Download the bet365 App

According to bet365’s site T&Cs, both welcome offers are only available to those of you who register via the mobile app. So, you’ll need to download the sportsbook app via either the App or Google Play Store, before hitting the Join button on your preferred bonus. You can also check the current app ratings and requirements or iOS and Android below:

Step 2: Enter Bonus Code During Registration

You’ll initially have to provide your personal information across two secure screens, including your legal name, date of birth, state and physical address. You’ll also have to provide a verifiable email and password to secure your account.

On a third screen, you’ll have to accept the app’s T&Cs and confirm how you’d like to be informed about new bonus bets and sportsbook promos. It’s on this screen that you can enter the relevant promo code, which as we’ve touched on will be determined by your state.

At this stage, you’ll need to ensure that your personal information is entered honestly and accurately. You must also make sure that you have the correct bet365 promo code and type this when prompted.

If the bonus code prompt doesn’t appear, end the registration process and raise a query with customer support.

Step 3: Make Your First Deposit ($10 Min)

Your account should now be active, and you can choose to verify your identity at this stage. This would involve uploading copies of your passport or drivers’ license, or confirming the final four digits of your SSN. Alternatively, you’ll be prompted to verify your account before you complete your first withdrawal.

Regardless, you can now complete your first deposit. You can see all of the valid deposit methods listed below, each of which is fee-free and processes instant transactions.

However, you may want to avoid using PayPal when completing your first deposit and claiming a bet365 welcome bonus. This is because this ewallet has a minimum deposit limit of $30 and requires you to pay more, with both bet365 bonus offers requiring just a $10 deposit.

Step 4: Place Your $5 Qualifying Bet

Once your deposited funds have landed, you can place your qualifying wager. You must bet a minimum of $5 to claim the $150 in bonus bets, while the $1,000 safety net promo requires you to wager at least $10 or more.

When claiming the former bonus, we’d recommend that you wager the minimum amount ($5) and target heavy betting favorites. Remember, bonus bets are paid out regardless of how the qualifying wager is settled, so you can pick favorites at odds of up to -500 to also secure at least a nominal profit. NFL or NBA spreads or moneylines work well here.

With the $1,000 safety net bonus, a better strategy is to wager a larger sum at much longer odds. This way, you’ll either realize the full value of the available bonus bets or potentially bank a sizable profit if the wager wins. Parlays offer optimal value here, or qualifying SGPs.

Across both offers, the terms and conditions dictate that your qualifying bet must settle within 30 days. So, you’ll need to bet on events that will take place in the short or medium-term.

Step 5: Receive Your Bonus Bets

Once the qualifying bet has settled, your bonus bets should be added within the hour. Occasionally, they may take a little longer to land, while the free spins and golden chips in the PA and NJ bonuses may not arrive for 72 hours.

When they do land, they’ll appear in the My Bonuses section of your account and will be kept separate from your real money balance.

The seven-day expiry period begins immediately after issuance too, so it’s important to track the arrival of bonus bets after settlement. Remember, this applies to both bet365 bonuses.

bet365 Bonus vs Competitors

We’ll now take the key bet365 bonus terms and see how they compare to their sportsbook rivals: namely FanDuel, DraftKings, BetMGM and Caesars.

bet365 vs FanDuel: Bonus Comparison

When comparing the bet365 vs FanDuel bonus, it’s apparent that there are some initial similarities. More specifically, the current FD welcome offer also allows you to Bet $5, Get $150 in bonus bets as a new customer.

However, the settlement terms provide a key distinction. Your $5 qualifying wager will have to win if you’re to receive the $150 bonus bets at FanDuel, while there’s no such requirement when claiming the corresponding offer at bet365.

Conversely, you can place your qualifying wager at standard odds at FanDuel. So, you’re only prohibited from betting at odds shorter than -10,000, unlocking outcomes with an implied probability of up to 99.0%. This may appeal more to casual bettors, who can back incredibly likely outcomes without comprising their chances of landing the free bets.

FanDuel only offers a single welcome bonus in its 23 states, however. So, while the brand may hold the edge in the eyes of new or risk-averse bettors with a relatively small bankroll, high-stakes individuals will still prefer to opt-in and receive bet365’s $1,000 first wager safety net.

bet365 vs DraftKings: Which Bonus is Better?

The bet365 vs DraftKings comparison is also intriguing. This is because DK also offers two distinct first deposit bonuses to players, one of which allows you to Bet $5, Get $200 in bonus bets.

This particular offer also unlocks a three-month NBA League Pass, which has a cash value of £40. It should also be noted that the DraftKings bonus imposes a minimum odds requirement of -500. Due to the similar structure and settlement terms, the additional cash value may make the DraftKings offer more appealing, especially if you’re an NBA fan.

The second DK offer comprises a 20% first deposit match up to $1,000. The bonus amount is paid out in DK Dollars, while you’ll unlock $1 in bonus funds for every $25 wagered online. These wagering requirements are higher and more complex that bet365’s $1,000 first bet safety net, which also has the potential to unlock higher profits.

Once again, risk-averse bettors may prefer DraftKings bet and get bonus, especially with the added incentive of an NBA League pass. However, the first wager safety net will appeal more to risk-hungry bettors than DK’s 20% deposit match.

bet365 vs BetMGM: First Bet Comparison

BetMGM also offers two distinct welcome offers, although the state in which you live will dictate which one you receive. These bonuses include a $1,500 first bet offer and up to $150 in bonus bets when you place a qualifying wager of $10. There are significant similarities between these offers and the bet365 bonus options.

In terms of the respective bet and get offers, bet365 allows you to place a lower qualifying wager ($5 vs $10). BetMGM’s bet and get offer also requires your qualifying wager to be settled as a win, making it harder to unlock the bonus.

So, although the BetMGM promo also lets you wager at standard odds of -10,000, the bet365 bet and get offer delivers slightly higher value overall.

Conversely, BetMGM’s first bet offer refunds losing stakes up to $1,500. This ensures that it has a higher cash value than the bet365 alternative, unlocking potentially higher profits if the qualifying wager is settled as a win.

bet365 vs Caesars: Profit Boosts Explained

The Caesars welcome bonus is unique in the US market. This comprises 20 separate 100% profit boost tokens, which can be unlocked with an initial $5 deposit and $1 qualifying wager. Each token boosts your potential profit up to $2,500 per wager, while the maximum bet limit is $25. The minimum odds requirement here is -10,000.

The tokens are also unlocked regardless of how your $1 qualifying wager is settled. This makes it one of the most accessible bonuses available.

This offer leads the market for overall value and long-term profit potential too. However, the deployment of the profit boosts also requires more strategic use, as you look to place wagers that strike the optimal balance between risk and reward.

Ultimately, the Caesars promo is best utilized by experienced sports bettors. The maximum cumulative stake across all profit boosts is just $500 too, so high-stakes bettors can wager double this amount when claiming the $1,000 first bet safety net.

bet365 Sportsbook Review

Outside of the bet365 promo code for 2025, it’s important to look at what else the sportsbook has to offer. Here’s an insight into its app performance, odds quality and live streaming capacity.

App Features and Design

The bet365 betting app is highly rated, especially on iOS. On this operating system, the bet365 app has compiled an aggregated review of 4.7/5 from over 390k reviews. The native Android app has a similar score of 4.6/5 from 219k+ reviews, highlighting a consistent level of performance across both platforms.

If there’s one recurring complaint among iOS and Android users, it’s that the app is known to crash on both operating systems. However, the app loads quickly and has a user-friendly interface, while game lines and SGP options can be easily accessed when you click on a game or event.

Both native apps have a clean, uncluttered and intuitive design too. This makes use of sticky and drop-down menus, with live markets and My Bets tracking always accessible towards the bottom of the display. The most popular promotions also run horizontally above the fold, while there’s a separate Offers tab that hosts all available bonuses.

The In-Play tab unlocks all live events, while you can browse specific sports using the horizontal menu at the top of the display. When you click on a particular event, you’ll have immediate access to an intuitive Bet Builder tool and so-called Flash betting markets.

Live Betting & Streaming

When you click on an in-play game or event, this may also unlock a livestream. Bet365 livestreams more than 600,000 events each year and approximately 50k per month, across popular leagues including the NFL, NBA, NHL and MLS.

If livestreaming isn’t available, you’ll be able to track the action using virtual fields of play. A detailed stats centre is also accessible in-game. These features also enable you to gauge the ebb-and-flow during matches and make more informed (and well-time) bet selections.

In terms of live betting markets, the bet365 sportsbook has the biggest range to choose from on the market. These also benefit from dynamic and real-time odds updates, ensuring that you unlock optimal value when wagering.

What’s more, approximately 90% of all live betting markets at bet365 qualify for full or partial cashouts. This affords you full control over your wagers and can help to minimize losses over time. Just remember that cashed out bets don’t qualify for welcome bonuses.

Odds Quality

Bet365 is renowned for offering competitive odds, and it achieves this through a number of means. Firstly, it offers several low-vig markets across multiple high-profile sports, including NBA and NFL spreads. So, instead of accessing standard spreads of -110, bet365 prices some lines at between -100 and -105.

The site publishes daily and Super boosts too. Daily boosts are available across multiple sports and typically lengthen odds by between 20% and 30%. Although Super Boosts are much rarer and often restricted to major leagues like the NFL and NHL, they deliver boosts of up to 50% on incredibly popular betting lines.

The bet365 platform offers highly competitive odds across international sports too, including horse racing. The site operates a unique each-way betting feature too, which allows you to increase or decrease the number of places when wagering on selected races. This may help to increase odds and boost potential payouts.

Payment Methods

We’ve already touched on the deposit options at bet365, which are all fee-free and process funds instantly. A $10 minimum deposit applies to most methods, although this is slightly higher when using PayPal ($30).

Withdrawals are also possible through seven of the methods available for deposit. These include PayPal, Venmo, Apple Pay and debit card, with Visa, Mastercard, Discover and American Express all accepted at bet365.

When withdrawing to a verified account via the app, PayPal, Venmo and Apple Pay allow for particularly quick withdrawals. In some instances withdrawn funds will land in your account in less than four hours.

Customer Support

Bet365 runs an interactive live chat feature, which is available 24/7 through the app. This connects you with a chatbot initially, and you’ll have to request a human agent if required. This can take 10 minutes or more.

You can also send an email query via Webform. This is accessible via the Contact Us tab on the app, and messages sent through this channel will receive a response within 24 hours.

The support team is also reachable via their @bet365help Twitter handle, but when we raised a query pertaining to the $1,000 first bet safety net offer, it took nearly two business days to receive a response.

The bet365 Help Center is located at the bottom of the app, and this answers generic queries pertaining to deposits, bonus terms and high-profile sporting events. You should check this resource before you engage with one of the other support channels.

bet365 Existing User Promotions

Beyond the bet365 new user promo offers, bet365 continues to operate a range of bonuses for existing players too. We’ll explore some of the most popular in more detail below:

Bet Boosts and Super Boosts

Some betting markets on bet365 will be anointed with a green arrow. This indicates a potential odds or super boost, which as we’ve touched on, can enhance your returns by between 20% and 50% on average.

One example is the site’s regular NHL Super Boost. This will unlock the most generous boosts of 50% or higher, while it’s most likely to be applied to totals, game or player prop lines.

Parlay and SGP Boosts

Bet365 also offers a potential 100% parlay boost across a broad selection of sports and markets. Qualifying bets must include three or more legs and have cumulative odds of +100 or longer, while you’ll usually have to make 10+ picks to qualify for the maximum 100% boost.

Similarly, you can access profit boosts of up to 50% on qualifying same-game parlays. One current example is available on any NBA game and boosts your potential returns by 30% overall.

A 30% profit boost is also available when you build an SGP with three or more legs on any NCAAB match.

bet365 Refer-a-Friend Bonus

The brand also continues to run a Refer-a-Friend bonus. As an existing player, simply head to the Refer-a-Friend when logged into your account. This will generate a unique bet365 referral link, which you can share directly with your friend.

They’ll then have to register for an account via the app and make a qualifying deposit of $10 or more. They’ll also have to bet the same amount, at which point both parties will receive $50 in bonus bets.

You can generate a maximum of 10 unique referral links per year. So long as all recipients complete the bonus requirements within the 12-month timeframe, this means that you’ll be eligible to receive up to $500 annually through the promotion.

Early Payout Offers

The bet365 brand regularly publishes early payout offers too, across a broad range of sports. For example, if your NFL straight moneyline pick opens up a 17-point lead during a match, bet365 will settle your wager automatically at the published odds. Similar offers are available across alternative sports:

• NFL: Paid if team up 17 points
• NBA: Paid if team up 20 points
• NHL: Paid if team up 3 goals
• MLB: Paid if team up 5 runs
• MLS: Paid if team up 2 goals

For multiple bets, only the relevant selection will be marked as a winner. Bet365 also aims to credit your account with any winnings within 15 minutes of the wager being settled.

Just keep in mind that these bonuses offer limited value. For context, just 1.8% of all NFL games completed during the last 10 years have seen a team blow a 17-point lead, so wagers of this type are statistically likely to pay out even without intervention.

Where is bet365 Legal?

Currently, you can access the bet365 app bonus code in each of the 15 US states where the brand is licensed. They’re also scheduled to launch in the state of Missouri in December 2025, after the jurisdiction’s Sports Betting Initiative Amendment 2 legalized the practice on November 5th, 2024.

Below, you’ll find a summary of all legal bet365 states, the relevant regulatory body and any age or wagering restrictions that exist.

Pros and Cons of bet365 Bonus Code

FAQs

Final Verdict

There are two bet365 bonus codes: namely COVERS and CVSBONUS. The correct code will vary from one state to the next, but they both offer the exact same bonus options. So, there’s no best bet365 bonus code from a sportsbook perspective, although those of you in PA and NJ are able to access additional casino perks.

Bet365 lets you enter the relevant promo code in your state and choose between two different bonuses. These include a $150 bonus bet offer that’s targeted at casual bettors, while the $1,000 first bet safety net promo provides optimal value to high-stakes operators.

The ability to choose your preferred bonus helps to set the bet365 brand apart, with both FanDuel and Caesars only offering a single promo. Although BetMGM are currently running two welcome bonuses, the state in which you reside will determine which one you’re able to claim.

To learn more about the bet365 bonus code and how it works, download the iOS or Android app on your mobile and read the T&Cs in full. You can then choose your preferred bonus and register for an account.