At bet365, you have a choice of three possible offers to claim, depending on your location. They all use bet365 bonus code BLEACHNEWS:
- In Louisiana, just deposit $10, bet $1 and you’ll get $365 in bonus bets. This is the only offer available in LA right now.
- In Kentucky, New Jersey, Ohio, Virginia, Colorado & Iowa: Choose between a $1,000 first bet safety net, or a bet $5, get $150 in bonus bets promo.
Confused? We’ll explain each offer below.
How the bet365 Louisiana bonus works
This bet365 promo is one of the most straightforward in the industry (and the highest-value “bet/get” offer). Here’s what you need to do:
- Sign up using bet365 bonus code BLEACHNEWS
- Deposit $10
- Bet $1 or more on any game. Just make sure the line is -500 or longer, meaning -400 is OK but -600 is not.
- You’ll get $365 in bonus bets, which don’t expire unless your account is inactive for 90 days. You can also split the bonus bets up into any increment — one, $365 bet or 365, $1 bets. And anything in between.
That’s it! Again, it’s a very simple offer, and it’s higher value because bet365 just launched in Louisiana last week.
The bonus bets work like they do at other sportsbooks, where you keep the profit but not the bonus itself. So a $10 bonus bet wager on a team that’s +200 would pay $20 cash, but you wouldn’t keep the stake like on a regular bet.
Other states: Pick $1k safety net or $150 in bonus bets?
In six other bet365 states — Kentucky, New Jersey, Ohio, Virginia, Colorado & Iowa — you’ll get to pick between two offers — the $1,000 first bet safety net, and the bet $5, get $150 deal. You use the same bonus code BLEACHNEWS, and after signing up, you’ll arrive on a landing page in which you’ll choose your offer.
So which one should you pick?
It depends on how much you’re going to put into your first bet safety net. If you put the maximum $1,000 and lose your first bet, you’ll get refunded $1,000 in bonus bets. This offer has higher expected value if you’re going to put in the full $1,000. But if you’re just looking for some bonus bets to mess around with, the bet $5, get $150 is much simpler and lower-risk.
So how does the first bet safety net work in practice? Say you place a $1,000 first bet on Tennessee +110 against UNC in college hoops actioღn on Tuesday night.
- If Tennessee wins, you profit $1,100 ($1,000 x 1.1) and you keep your $1,000 stake. You now have $2,100 in your account to continue betting, or you can withdraw it. The promo is over.
- If Tennessee loses, you’ll get $1,000 back in bonus bets. You’ll then have to wager those bonus bets to turn them into cash and try to recoup the $1,000 that you put in.
So how do bonus bets work? You keep any profit from those bon🃏us bets, but not the bonus itsel🎀f.
So say yoಞu take $100 of your $1,000 in bonus bets and put it on Washington to beat Oregon in the Pac-12 Championship Game at +300.
- If Washington wins, you win $300 in cash. So you’ll now have $300 in cash, plus $900 left in bonus bets. So you’re still down $700 cash after your $1,000 deposit.
- If Washington loses, you’ll just have $900 in bonus bets left.
