bet365 has a few different offers depending on which state you’re in, but they all use bet365 bonus code LABSNEWS to be activated after signing up.
- In Kentucky: Deposit $10, bet $1, get $365.
- In NJ, Colorado, Iowa, Ohio and Virginia: Either bet $5, get $150 or a $1,000 first bet safety net. You’ll choose between one of the two offers after registering.
We’ll get into the specifics of all three offers below.
Signing Up with Your bet365 Bonus Code
It’s easy to get started at bet365. Here are the five basic steps.
- Head to bet365.com, or download the app
- Complete your sign-up flow with all your real information — name, real address, etc. If you don’t use all your actual information, bet365 can’t verify your identity, and you won’t be able to deposit.
- Enter bet365 bonus code LABSNEWS at checkout.
- Depending on your location, you may need to send a photo of your driver’s license or other ID type, which can take about an hour to get approved.
- Depending on the offer, make your first bet.
How the bet365 Kentucky bonus code works
Let’s go through the bet/get offer in Kentucky, step by step.
First, make your deposit of $10 or more. Without that, you can’t activate the offer, even though your first bet needs to only be $1.
Second, make your first bet of $1 or more at odds of -500 or longer. Longer in this case means that -499 is OK, but -501 is not. So pick something that’s -110, +200, -350 — it doesn’t matter, as long as it’s in that threshold.
After you place that bet and it settles, you’ll get $365 in bonus bets, which you’ll then have to wager to turn them into cash. A $10 bonus bet wager on a line that’s +200 would net $20 in profit, but you wouldn’t keep the bonus bet stake.
How the other bet365 bonus codes work
The bet $5, get $150 offer works the same as the Kentucky offer — but you need to make a $5 wager on a line that’s -500 or longer, and you’ll get $150 in bonus bets instead of $365.
The first bet safety net functions like a “first bet on the house” available at many other sportsbooks. Just make your first wager up to $1,000, and if it loses, you’ll be refunded in bonus bets equal to whatever you lost.
So say I bet $300 on Oregon moneyline at +150 against Washington in college football action on Saturday.
- If Oregon wins, I’ll profit $450 ($300 x 1.5) and I keep the $300 I wagered. I’ll now have $750 in my account I can withdraw or keep betting.
- If Oregon loses, I’ll get $300 back in bonus bets, which I’ll then have to wager to turn into cash.
