bet365 Bonus Code 'COVERS': Bet $5, Get $150 Win or Lose for Round 2 NCAA Tournament Games

Bet $5, get $150 in bonus bets for Saturday's NCAA Tournament games with bet365 bonus code 'COVERS'—or 'CVSBONUS' in select states.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 22, 2025 • 09:25 ET • 3 min read
bet365 Bonus Code for Saturday's Second Round NCAA Tournament Games
Photo By - Imagn Images

Saturday’s NCAA Tournament Round 2 matchups are stacked with high-stakes drama—from McNeese vs Purdue at 12:10 PM ET to the late tip between UCLA and Tennessee. If you're a new sports bettor, the bet365 bonus code 'COVERS' can help you start strong: Bet $5, get $150 in bonus bets when you join today.

This sportsbook promo applies to any of Saturday's games, including Drake vs Texas Tech, Michigan vs Texas A&M, or the primetime thriller between Gonzaga and Houston. Use code 'COVERS' when signing up (or 'CVSBONUS' in select states) to activate one of the best offers currently available.

Bet365 Logo

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

bet365 will give new user $150 bonus bets, win or lose for Saturday's March Madness games

The current bet365 Sportsbook welcome bonus gives new users the chance to earn $150 in bonus bets after placing a $5 qualifying wager—just remember to enter the bet365 Bonus Code 'COVERS' during sign-up. If you're located in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee, you’ll need to use bonus code 'CVSBONUS' instead.

To unlock the offer, make a minimum deposit of $10, then place a $5+ wager on any Saturday NCAA Tournament game. The qualifying bet must include at least one selection with odds of -500 or longer (i.e., more favorable than -500). Once your bet settles, $150 in bonus bets will be added to your account.

This offer is only available to new customers who register in legal bet365 states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kentucky, Louisiana, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, and Virginia. The bonus bets expire after 7 days, and the stake is not returned with any winnings earned from bonus wagers.

Want to back Creighton vs Auburn, try your luck with BYU vs Wisconsin, or hammer a favorite like Purdue over McNeese? With this bonus, you’ll have $150 in extra site credit to spread across the Saturday betting board.

Live odds for Saturday's Round 2 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 claim a $150 bonus

Ready to dive into Friday’s NCAA Tournament action with bet365? Here’s how to register, claim the promo, and start betting on your favorite Round 2 matchups:

  1. Register: Visit bet365 and create a new account. Enter the bet365 Bonus Code 'COVERS' during sign-up. If you're in CO, IL, NJ, PA, or TN, use 'CVSBONUS' instead.
  2. Deposit Funds: Make a minimum qualifying deposit of $10 to activate the welcome offer.
  3. Make a Bet: Place a $5 real money wager on any sports market with odds of -500 or longer. You can target Friday’s games like Arkansas vs St. John’s or Gonzaga vs Houston.
  4. Get Bonus Bets: Once your qualifying bet settles, receive $150 in bonus bets, valid for 7 days.
  5. Withdraw Winnings: Any winnings from bonus bets are withdrawable—but the bonus amount itself is not returned.

Want more insight into what makes this bookie a favorite among new bettors? Check out our in-depth 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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