bet365 Bonus Code NYPNEWS: Claim up to $1,000 back or Bet $5, Get $150

In nine of the 10 bet365 sports betting states, you’ll find the choice between the following welcome promos with the bet365 bonus codeNYPNEWS.

This is a first bet insurance that allows you to recover a first bet miss up to a maximum $1,000 in bonus bets. Otherwise, a winning first bet profits cash and returns your stake just like any other wager you would make on the bet365 mobile app.

All it requires is a minimum $10 deposit and a cash bet of any size. If you earn the bonus, it deposits within an hour of bet settlement and the bonus funds are valid for seven days.

The alternative offer also requires a $10+ deposit but you must make a $5+ bet on -500 or longer odds. The odds requirement means you can still snag a favorite such as -350 but not a heavy favorite at -750.

No matter how your bet shakes out, you earn the bonus bets within an hour of bet settlement. Just like the safety net, these bonus bets stay in your account for seven days as funds to use within the sportsbook.

This week is extremely important in the college basketball realm. You’ll find the start of tournament games on Tuesday night into Wednesday as the First Four teams, winners of these initial games, will secure their spot in the first round of the NCAA Tournament.

The first night of action on Tuesday features Wagner vs. Howard and Colorado State vs. Virginia. The winner of the first game secures a 16 seed and the winner of the second matchup secures a 10 seed and will play the Texas Longhorns on Thursday night.

However, keep in mind that any sport you prefer can be used to activate one of the bet365 introductory promos.

$1K First Bet Safety Net

I suggest this promo to new users that are looking to make a first bet over $500 and want to find plus money odds. It makes sense to go for a bigger bet than normal because the payout can be very lucrative or bet365 covers your miss anyways.

Let’s say I bet $500 on Virginia +120 vs. Colorado State.

• A win provides a $1,100 payout from the cash and the returned stake
• If it misses, bet365 deposits $500 of bonus bets to cover the loss

Bet $5, Get $150

This alternate offer is best used on selecting a favorite since you earn the bonus bets either way. I would aim for a favorite that still provides a decent payout but gives you a statistically-high chance of earning cash and the bonus bets.

Using the same game as an example, the Colorado State spread at -2.5 (-110) is close enough that it’s better value than the moneyline at -145. No matter how your bet plays out, you earn the bonus bets within an hour of bet settlement.

bet365 launched in North Carolina on March 11 along with many other sports betting sites. If you’re physically-located in North Carolina, you’ll have the option to choose between two similar offers to the national promos, albeit with slightly enhanced offers:

$1K First Bet Safety Net — This is the same safety net as the national promo

Bet $5, Get $200 — This bet/get works the same as the national offer but is elevated to $200 in bonus bets

21+. Gambling Problem? Call or text 1-800-GAMBLER. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply.