bet365 Bonus Code 'COVERS': Bet $5, Get $150 on The First March Madness Games Happening Today

Use the bet365 bonus code ‘COVERS’ to claim the Bet $5, Get $150 offer. Bet on March Madness games like Creighton vs. Louisville today.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 20, 2025 • 10:06 ET • 3 min read
bet365 Bonus Code for the 2025 March Madness Tip-Off
Photo By - Imagn Images

March Madness is underway, and bet365 Sportsbook has a Bet $5, Get $150 bonus offer for new users looking to wager on the NCAA Tournament. With matchups like Creighton vs. Louisville and High Point vs. Purdue tipping off Thursday, now is the perfect time to claim your $150 in bonus bets and start betting on the action.

To claim this offer, use the bet365 bonus code ‘COVERS’ when signing up. If you’re betting from Colorado, New Jersey, or Pennsylvania, use the code ‘CVSBONUS’ instead.

Bet365 Logo

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 new users betting on March Madness today

New users at bet365 can take advantage of this special Bet $5, Get $150 offer with just a small deposit and wager. Here’s what you need to know:

  • Use the bet365 Bonus Code ‘COVERS’ (or ‘CVSBONUS’ in CO IL, NJ, PA & TN) during sign-up.
  • Deposit a minimum of $10 into your new bet365 Sportsbook account.
  • Place a qualifying $5 wager on any NCAA Tournament game, including Montana vs. Wisconsin or SIU Edwardsville vs. Houston.
  • Win or lose, you’ll receive $150 in bonus bets once your bet settles.
  • Bonus bets must be used within seven days of issuance.
  • Your qualifying bet must have odds of -500 or longer to be eligible for this promo.

With teams like Alabama State taking on Auburn, this bet365 welcome offer is a great way to add extra excitement to your March Madness wagers.

Get an additional March Madness boost on bet365

bet365 All Users
64% boost for one 3+ leg SGP! Claim Now

bet365 odds for the 2025 March Madness Tip-Off


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 $150 bonus bets today with our bet365 bonus code

Getting started with bet365 Sportsbook is easy. Just follow these steps to claim your $150 in bonus bets and start betting on the NCAA Tournament:

  1. Register: Sign up for bet365 Sportsbook and enter the bet365 bonus code ‘COVERS’ (or ‘CVSBONUS’ for CO IL, NJ, PA & TN).
  2. Deposit Funds: Make a minimum deposit of $10 into your account.
  3. Make a Bet: Place a $5 wager on any March Madness game, such as Creighton vs. Louisville or High Point vs. Purdue.
  4. Receive Bonus Bets: Once your bet settles, you’ll be credited with $150 in bonus bets—regardless of whether your bet wins or loses.
  5. Use Your Bonus Bets: Your bet credits expire after seven days, so make sure to use them before they’re gone.

March Madness is unpredictable, but this bet365 Sportsbook offer ensures you’ll have extra funds to bet on every thrilling moment. Sign up today and claim your $150 in bonus bets!

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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