bet365 Bonus Code: Get $365 in KY, $150 or $1K Safety Net in Other States
bet365 is giving sports bettors several bonus offers this weekend — take your pick and begin betting on college football, playoff baseball, NFL and more.
Below are the current bet365 bonus code offers, which use the same codes but activate different offers in different states:
- OH, NJ, VA, CO & IA: Use the bet365 bonus code RGNEWS to claim either a $1,000 safety net on your first bet or $150 in bonus bets with a $5 wager.
- Kentucky Only: Use bet365 bonus code RGNEWS to get $365 in bonus bets when you wager $1. This offer requires a minimum $10 deposit.
Again, if you’re in one of the first five states (OH, NJ, VA, CO or IA), you get to choose between two bet365 bonuses.
If you’re in Kentucky, the newest state to launch legal sports betting, you will receive $365 in bonus bets when you 1) sign up, 2) deposit at least $10, and 3) make your first wager of $1 or more.
bet365 Bonus Code: How to Use It
The general bet365 bonus offers are pretty simple, but you should think carefully about which one to choose before signing up.
Both promotions are excellent, and neither has a clear advantage over the other. The main thing to consider is how much you want to deposit and wager with your first bet.
If you don’t plan on betting big and don’t want to make a huge deposit, then “bet $5, get $150 in bonus bets” is the more fitting offer for you.
However if you’re what we call in gambling parlance a “whale,” then you probably prefer a $1,000 safety net.
In this case, you can place a $1,000 wager and you’ll receive $1,000 in bonus funds if it loses. If your bet wins, you receive winnings and proceed as normal.
Here are a couple of examples for this weekend. Say you bet $10 on the Oklahoma Sooners +180 to upset the Texas Longhorns on Saturday.
- If they lose, you lose your $10 but you get $150 in bonus bets
- If they win, you win $18, keep your initial $10 wager, and still get $150 in bonus bets.
The Kentucky-only offer works almost identically, except that you will receive $365 in bonus bets instead of $150.
Now let’s put ourselves in the shoes of a new user who is ready to deposit and wager $1,000 on the Colorado Buffs -3.5 (-110) to cover the spread against Arizona State.
- If Colorado covers, you win $909 (assuming the $1,000 wager is at -110 odds) and get $1,000 back. $1,909 is now in your bet365 wallet, but you do not get any additional bonus funds.
- If the bet loses, you lose your initial $1,000 wager but receive $1,000 in bet365 bonus bets
bet365’s First Bet Safety Net will apply to the first straight bet, parlay, or same-game parlay placed after signing up and claiming the offer. Remember, the safety net is NOT available in Kentucky.
Important bet365 Bonus Bet Details
- Our bet365 bonus codes are only available to new users in the listed bet365 states
- $10 minimum deposit is required
- bet365 bonus bets will show up in your account roughly one hour after your first bet is settled
- Bonus bets cannot bet withdrawn and must be used within an eligible betting market on the bet365 Sportsbook.
Bonus bets at bet365 work much like they do at other sportsbooks — you keep the winnings from the bonus bets but not the wager itself.
If you have $500 in bonus bets thanks to the First Bet Safety Net, you can only turn those into withdrawable funds if your bonus bet wins.
Let’s say you use $500 in bonus bets on the Dallas Cowboys +160 to beat the San Francisco 49ers this Sunday night. The $500 bonus bet has potential winnings of $800 ($500 × 1.6). If the Cowboys win, only $800 — not $1300 ($800 + $500 bonus bet) — will be added to your balance. This $800 is withdrawable.
To maximize the EV (expected value) of this bet365 bonus code, we recommend betting on underdogs and long shots.
And if you aren’t in an eligible state, don’t fret — we hope to have a bet365 DFS bonus code very soon!