bet365 Bonus Code 'COVERS': Unlock $150 Bonus Bets For Friday Night March Madness

Use bet365 bonus code ‘COVERS’ or ‘CVSBONUS’ to bet $5 and get $150 in bonus bets for NCAA Tournament matchups like UConn vs. Oklahoma and Oregon vs. Liberty.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 21, 2025 • 15:23 ET • 3 min read
bet365 Bonus Code for Late Friday March Madness Games
Photo By - Imagn Images

Friday night’s NCAA Tournament schedule is packed with high-stakes basketball, and new users can take advantage of it with one of the top sportsbook welcome offers available. By signing up with the bet365 bonus code 'COVERS' — or 'CVSBONUS' in CO, IL, NJ, PA, and TN — new customers can unlock a bet $5, get $150 bonus in bet credits.

This promotion is valid for new users who deposit and wager on any Friday night March Madness matchup, including New Mexico vs. Marquette, Akron vs. Arizona, Oklahoma vs. UConn, Xavier vs. Illinois, Bryant vs. Michigan State, and Liberty vs. Oregon.

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

How bet365's 'Bet $5, Get $150' offer works for Friday night's March Madness slate

To claim the bonus, users must register and enter the bet365 Bonus Code 'COVERS', or 'CVSBONUS' if located in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee. After signing up, make a minimum deposit of $10 and place a $5 qualifying bet on any sports market with minimum odds of -500 or longer (e.g., -250, +150, etc.).

Your $5 bet can be placed on any of Friday’s March Madness games, such as Arizona vs. Akron or Michigan State vs. Bryant. Once that qualifying wager settles — win or lose — bet365 will credit your account with $150 in bonus bets.

These bet credits are valid for seven days and can be used across any sport or market. Winnings from bonus bets do not include the stake amount. For example, a winning $25 bonus bet on UConn vs. Oklahoma at +100 odds would return $25 in winnings, not $50.

Note that partial cashouts on your qualifying bet may reduce the bonus amount. The offer is only valid once per new customer and must be claimed within 30 days of registering.

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bet365 odds for Late Friday March Madness 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 use our bet365 bonus code to get $150 bonus bets for this weekend

Follow these simple steps to take advantage of the bet365 bet $5, get $150 offer and start betting on Friday night’s NCAA Tournament slate:

  1. Register with bet365: Sign up on the bet365 website or mobile app. Use bonus code 'COVERS', or 'CVSBONUS' if you’re located in CO, IL, NJ, PA, or TN.
  2. Deposit funds: Make a minimum deposit of $10 into your new account.
  3. Place a qualifying $5 bet: Wager on any market with minimum odds of -500 or longer — such as Xavier vs. Illinois or Liberty vs. Oregon.
  4. Get $150 in bonus bets: Once your qualifying wager settles, you’ll receive $150 in bonus bets, valid for 7 days.

Still deciding if bet365 is right for you? Read our complete bet365 review to get all the details.


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.

bet365 DraftKings FanDuel BetMGM
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

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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