bet365 Bonus Code 'COVERS' Gets You $150 Bonus Bets After Your First $5 Elite Eight Bet

March Madness is down to eight teams, and bet365 wants to help you get in on the action with $150 in bonus bets when you make your first $5 Elite Eight bet.

Chris Gregory - Publishing Editor at Covers.com
Chris Gregory • Publishing Editor
Mar 29, 2025 • 10:10 ET • 3 min read
bet365 Bonus Code for Elite Eight
Photo By - Imagn Images

The NCAA Tournament is down to just eight teams, and bet365 wants to help you prepare for the remaining matchups with special sportsbook promos that get you $150 in bonus bets when you make your first $5 bet this weekend.

It's simple! All you need to do is use bet365 bonus code "COVERS" or "CVSBONUS" in select states (CO, IL, NJ, PA & TN).

Bet365 Logo

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

Now's the time to get your bet365 bonus bets!

New users can unlock this Bet $5, Get $150 in bonus bets welcome offer by using the appropriate bet365 bonus code and placing a qualifying $5 wager. In most states, enter code 'COVERS' during registration. In Colorado, Illinois, New Jersey, Pennsylvania, and Tennessee, use 'CVSBONUS' instead.

To qualify, deposit at least $10 into your new bet365 account and place a $5 wager on any sports market — including today's incredible matchup between No. 2 Alabama and No. 1 Duke. Your initial wager must include at least one selection with odds of -500 or longer (e.g., -250 or +175). Once your qualifying bet settles, you’ll receive $150 in bonus bets.

The bonus bets expire seven days after receipt. If you choose to cash out your initial wager early, only the remaining stake will count toward unlocking the bonus. Bonus credits can be used on any sport or market, and winnings from bonus bets are withdrawable, though the stake itself is not included. 

Boost your favorite Elite Eight SGP!

bet365 All Users
30% boost for one Elite Eight SGP! Claim Now


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 your Elite Eight bonus bets at bet365!

It only takes a few minutes to claim the bet365 bonus code offer and place a bet on today's Elite Eight matchups. Follow these steps to get started:

  1. Register: Sign up for a new account at bet365 and use bonus code 'COVERS' or 'CVSBONUS' depending on your state.
  2. Deposit funds: Make a minimum deposit of $10 into your account.
  3. Place a wager: Bet $5 on Texas Tech/Florida or Alabama/Duke with minimum odds of -500.
  4. Receive bonus bets: After your qualifying wager settles, receive $150 in bonus bets. Use them within seven days.
  5. Withdraw winnings: Winnings from bonus bets are eligible for withdrawal after use, minus the bonus stake.

Want to explore more features and details about the platform? Read our full 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.

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

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Chris Gregory Covers.com
Publishing Editor

In his three years on the Covers editorial team, Chris Gregory has helped bolster the site’s PGA Tour and college football coverage, though his love for Rory McIlroy and the Buckeyes is often met with disappointment. He brings a journalism and marketing background to his work as a Publishing Editor and has appeared on Jason Logan’s Sharp 600 to talk about the Masters and golf’s other majors.

His best betting advice? Stay away from betting your favorite teams; it’ll only make the hurt worse.

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