bet365 Bonus Code 'COVERS': Bet $5, Get $150 Bonus Bets for Michigan vs Auburn

Bet $5, Get $150 for Michigan vs Auburn with the bet365 bonus code — use 'COVERS' or 'CVSBONUS' depending on your state.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 28, 2025 • 17:21 ET • 3 min read
bet365 Bonus Code for Michigan vs Auburn
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The Sweet 16 clash between Michigan and Auburn is one of the most anticipated matchups of the NCAA Tournament — and new users can take advantage of it by claiming bet365’s Bet $5, Get $150 in bonus bets offer. To unlock it, sign up using the bet365 bonus code 'COVERS' (or 'CVSBONUS' if you're in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee).

Top-seeded Auburn (30-5) is targeting its third Elite Eight appearance, led by dominant big man Johni Broome. Michigan (27-9) won’t back down, thanks to a punishing frontcourt led by Vladislav Goldin and Danny Wolf. This heavyweight showdown is ideal for new users looking to turn a $5 wager into a much bigger bonus through bet365’s user-friendly offer.

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

How the 'Bet $5, Get $150' offer from bet365 works for Michigan vs Auburn

This bet365 Bonus Code promotion is open to new customers in eligible states. To qualify, sign up using bonus code 'COVERS' — or 'CVSBONUS' if you're in CO, IL, NJ, PA, or TN. Then, deposit at least $10 and place a $5 qualifying bet on any market, including Michigan vs Auburn in the Sweet 16.

To meet the conditions, your qualifying wager must include at least one selection with odds of -500 or greater. Once your bet settles, win or lose, you’ll receive $150 in bonus bets credited to your account as bet credits. These credits are valid for seven days after being issued.

Eligible states include AZ, CO, IL, IN, IA, KY, LA, NJ, NC, OH, PA, TN, and VA. Remember, partial cash-outs reduce the eligible stake, and only the remaining active portion counts toward the bonus. You must claim the offer within 30 days of signing up.

Claim another March Madness promo from bet365

bet365 All Users
30% boost for one 3+ leg SGP! Claim Now

bet365 odds for Michigan vs Auburn


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 with our bet365 bonus codes

If you're ready to bet on this Sweet 16 showdown, follow these steps to claim your bonus:

  1. Register: Sign up at bet365 and use the bonus code 'COVERS'. If you’re located in CO, IL, NJ, PA, or TN, use 'CVSBONUS'.
  2. Deposit Funds: Make a minimum deposit of $10.
  3. Place a Bet: Wager $5 or more on any market with odds of -500 or greater, including Michigan vs Auburn.
  4. Get Bonus Bets: Once your qualifying wager settles, receive $150 in bet credits, valid for seven days.
  5. Use & Withdraw: Use your credits on any market. Bonus stake is not included in winnings, but any returns can be withdrawn after a 1x playthrough.

This offer is a great way to boost your March Madness betting action with minimal upfront risk. For more info on 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

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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