bet365 Bonus Code 'COVERS': Claim $150 Bonus Bets, Win or Lose on the Masters Today⛳️

Bet on The Masters 2025 with bet365! Use bet365 bonus code 'COVERS' (or 'CVSBONUS' in select states) to unlock a Bet $5, Get $150 offer.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Apr 10, 2025 • 08:30 ET • 3 min read
bet365 Bonus Code for the Masters
Photo By - Imagn Images

The 89th Masters Tournamenttees off today, and if you're looking to get in on the action at Augusta National, bet365 is serving up a Bet $5, Get $150 bonus for new users. To activate the offer, just use the bet365 bonus code ‘COVERS’ when signing up — or use ‘CVSBONUS’ if you’re betting from Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee. 🔓

With Scottie Scheffler leading the field and Rory McIlroy close behind, there's no better time to cash in on one of the best sportsbook promos of the week.

Bet365 Logo

Bet $5, Get $150, Win or Lose
Code: COVERS
Code: CVSBONUS (CO, IL, NJ, PA & TN only)

How the bet365 offer works for Masters bettors in April 🎯

New users can unlock this Masters Week bonus by signing up with the bet365 Bonus Code ‘COVERS’ and placing a $5 wager after a $10 deposit. If you're betting from CO, IL, NJ, PA, or TN, make sure to use ‘CVSBONUS’ instead. Once your qualifying wager is placed on any market with odds of -500 or longer, bet365 will issue $150 in bet credits — no matter the outcome. 💸

This offer is available for a limited time and is valid in legal betting states including Arizona, Indiana, Iowa, Kentucky, Louisiana, North Carolina, Ohio, Virginia, and more. Users have 30 days from registration to make a qualifying bet, and bonus credits will expire 7 days after they hit your account. If your bet is partially cashed out, only the remaining portion counts toward the promo.

Whether you’re backing Scheffler to repeat or hunting for longshot value on the Masters leaderboard, bet365 gives you the firepower to go big on golf’s most iconic tournament.


Offer ONLY available to first-time customers in the following states: AZ, CO, IN, IA, KY, LA, NC, NJ, OH, PA, VA. Not available to residents of Ontario, CA or other Canadian provinces.

How to grab a $150 bonus tomorrow with a bet365 bonus code 🏌️

Here’s how to tee up your $150 bonus and get ready for Masters Weekend:

  1. Register: Create an account with bet365 and enter the bet365 bonus code ‘COVERS’ at sign-up. Use ‘CVSBONUS’ if located in CO, IL, NJ, PA, or TN.
  2. Deposit Funds: Add at least $10 to your new sportsbook account using your preferred payment method.
  3. Make a Bet: Place a $5 wager on any sports market — including The Masters — with minimum odds of -500 to qualify.
  4. Withdraw Winnings: Once your qualifying bet settles, your $150 in bet credits will be added. Use them before they expire within 7 days.

🎟 Ready to start betting at Augusta National? Check out our full bet365 review for more tips and insights.


Sportsbook promos comparison

Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

bet365 DraftKings FanDuel BetMGM
Current Bonus Bet $5, Get $150, Win or Lose Bet $5, Get $150, Win or Lose Bet $5, Get $250, If Your Bet Wins $1,500 Bonus Bets Back
Promo Code COVERS None Required None Required CVRBONUS1500
Bonus Type Bet & Get Bet & Get Bet & Get Second Chance Bet
Bonus Amount $150 Bonus Bets $150 Bonus Bets $250 Bonus Bets One (< $50) or five (> $50) bonus bets
Wagering Period Seven Days Seven Days Fourteen Days Seven Days
Min. Deposit $10 $5 $5 $10

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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