March Madness bettors can get in on Friday’s first-round action with an excellent welcome offer from bet365. Use the bet365 bonus code ‘COVERS’ (or ‘CVSBONUS’ in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee) to activate a bet $5, get $150 bonus — perfect for betting on marquee matchups like Baylor vs. Mississippi State, Robert Morris vs. Alabama, Lipscomb vs. Iowa State, and Mount St. Mary’s vs. Duke.
This offer is available to new users only and delivers $150 in bet credits when you deposit and wager just $5. It’s one of the most rewarding low-barrier sportsbook promos on the market.
Bet $5, Get $150, Win or Lose
Code: COVERS
Code: CVSBONUS (CO, IL, NJ, PA & TN only)
bet365's 'Bet $5, Get $150' offer works for Friday's March Madness early slate
The current bet365 welcome promotion is available in AZ, CO, IL, IN, IA, KY, LA, NJ, NC, OH, PA, TN, and VA. Users in most of those states should enter the bet365 Bonus Code 'COVERS' during sign-up. However, if you’re in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee, you’ll need to enter 'CVSBONUS' instead.
To unlock the bonus, new users must deposit at least $10, then place a qualifying $5 bet on any sports market with minimum odds of -500 or greater. So, whether you’re looking to back Duke’s top-seeded squad vs. Mount St. Mary’s, or take a chance on underdog Lipscomb against Iowa State, your first real-money wager qualifies.
Once your bet settles — win or lose — bet365 will issue $150 in bonus bets. The bonus credits expire seven days after issuance and can be used across any available betting markets. Bonus stake amounts are not included in any winnings. For example, if you use a $25 bonus bet on Alabama vs. Robert Morris at +100 odds and win, you’ll receive $25 in cash winnings, not $50.
Only one welcome offer is available per new customer, and partial cash-outs on qualifying bets may reduce the credited bonus amount.
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bet365 odds for Friday's early Round 1 games
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 claim a $150 bonus bets with our bet365 bonus code
Here’s how to sign up with bet365 and use your bonus to wager on Friday’s NCAA Tournament matchups:
- Register at bet365 Sportsbook: Visit bet365’s website or app and create an account. Use bonus code ‘COVERS’ (or ‘CVSBONUS’ if you're in CO, IL, NJ, PA, or TN).
- Deposit funds: Make a minimum deposit of $10 to become eligible for the welcome offer.
- Place a qualifying bet: Make a $5 real-money bet on any market with odds of -500 or greater. Friday’s games like Baylor vs. Mississippi State or Lipscomb vs. Iowa State are ideal choices.
- Receive $150 in bonus bets: Once your bet settles, $150 in bonus bets will be credited to your account, valid for seven days.
Before placing your wager, read our full bet365 review to learn more about the platform and its standout features.
Sportsbook promos comparison
Choosing the right sportsbook promo for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.
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|---|---|---|---|---|
| Current Bonus | Bet $5, Get $150, Win or Lose | Bet $5, Get $200, Win or Lose | Bet $5, Get $200, 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 | $200 Bonus Bets | $200 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 |
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