College hoops fans can boost their March Madness betting experience with one of the most rewarding sportsbook offers on the market. Use the bet365 bonus code 'COVERS' (or 'CVSBONUS' in CO, IL, NJ, PA, and TN) to unlock a bet $5, get $150 in bonus bets promo for Friday’s first-round NCAA Tournament matchups — including Baylor vs. Mississippi State, Robert Morris vs. Alabama, Lipscomb vs. Iowa State, Norfolk State vs. Florida, and Troy vs. Kentucky.
This exclusive sportsbook promo is available to new users in eligible states who deposit at least $10 and place a $5 wager. Once your qualifying bet settles, you’ll receive $150 in bonus bets — no winning required.
Bet $5, Get $150, Win or Lose
Code: COVERS
Code: CVSBONUS (CO, IL, NJ, PA & TN only)
How the bet365 bonus code works for new users during March Madness
The bet365 welcome bonus is straightforward and offers incredible value for first-time users. To claim it, sign up and enter the bet365 Bonus Code 'COVERS', unless you’re in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee, where you’ll need to use 'CVSBONUS' instead.
After registering, make a minimum deposit of $10 and place a $5 real-money wager on any sports market. Your first bet must include at least one selection with minimum odds of -500 or greater. This makes it easy to place qualifying bets on Friday’s NCAA Tournament matchups, such as Florida vs. Norfolk State or Kentucky vs. Troy.
Once your qualifying bet is settled — regardless of the outcome — bet365 will issue $150 in bonus bets. These site credits are valid for seven days and can be used on any available sports market. Bonus bet winnings do not include the stake, and any unused bonus funds will expire if not used within the seven-day window.
Partial cash-outs on your qualifying bet may reduce the bonus amount awarded. The offer is only available to new customers and must be claimed within 30 days of account registration.
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bet365 odds for Friday's March Madness Slate
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 get a $150 bonus bets by betting on today's March Madness slate
It only takes a few steps to claim this offer and start betting on Friday’s NCAA Tournament action:
- Register with bet365: Sign up on the bet365 website or app and enter the bonus code 'COVERS' (or 'CVSBONUS' in CO, IL, NJ, PA, or TN).
- Make a deposit: Fund your new account with at least $10.
- Place a $5 bet: Choose any eligible market — like Baylor vs. Mississippi State or Lipscomb vs. Iowa State — and include one selection with odds of -500 or greater.
- Get $150 in bonus bets: Once your qualifying bet settles, your bonus bets will be credited and available for use across the sportsbook.
Want to explore more before signing up? Read our complete bet365 review.
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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