bet365 bonus code NYPNEWS: $1K insurance or $150 bonus in 10 states

bet365 is one of the few sports betting sites that gives you the choice between two welcome promos across all locations. Additionally, the bet365 bonus code NYPNEWS is valid for either offer across all bet365 sports betting states.

Here are the two welcome promos from bet365:

$1,000 First Bet Safety Net

First, you can claim this offer and recoup your first bet’s stake if the bet doesn’t go your way. It’s not often that books allow you to earn back a miss, even with bonus funds like this offer.

Conversely, a win is still a win with this promo. A winning bet profits cash and returns your stake just like any winning bet on the platform.

Bet $5, Get $150

The bet/get works differently in that the bonus is earned no matter how your first bet plays out. I like to pick favorites with this offer since you can profit some cash on the side with the $150 in bonus.

bet365 requires the first bet to be on -500 or greater odds such as -300 or +110, but not -650. This allows you to still pick a heavy favorite and fall within the requirement.

No matter what, the $150 of bonus bets hits your account within an hour of bet settlement and last for seven days.

Can I bet the NBA on bet365?

Yes, bet365 offers a wide range of sports, even though limited to 10 states. I think bet365 offers some of the best odds pricing and props around for the NBA and NHL playoffs.

Tuesday features both one seeds in the NBA as Cleveland takes on Boston in the early slate and Dallas travels to Oklahoma City for the second matchup. You’ll find tighter odds as these series progress so most markets will fall under the odds requirement for the bet/get promo.

If you don’t like hockey or basketball, anything from esports to motor sports qualifies for either bet365 promo.

bet365 bonus code NYPNEWS, explained

Offer 1: $1,000 First Bet Safety Net

The good news is that the safety net, or first bet insurance, only has two potential outcomes making it easy to navigate as a newer bettor.

Imagine I like the Dallas Mavericks to steal Game 1 on the road against the OKC Thunder. If I placed $100 on the Mavs +136, here’s how the promotion can play out:

If I win, I receive a $236 payout from the stake and my cash profit. I can now use this cash on other wagers within bet365 or withdraw.

A miss is covered by $100 of bonus bets within an hour of the end of the game. These bonus funds last for seven days and can be selected as funds for a stake.

Offer 2: Bet $5, Get $150

The bet/get promo is best used on favored lines; however, you have to fall within the -500 or greater rule.

For example, the Celtics -674 on Tuesday night is not eligible for the promo while the Thunder -162 is fine. You’ll need at least a $10 deposit and $5 on any market that falls within the odds restriction.

No matter what, the bet alone earns bonus bets within an hour and these funds last for seven days just like the other welcome offer.

How to sign-up with bet365

1. Choose from the $1K safety net or the Bet $5, Get $150 offers.
2. Set up a new account and apply bonus code NYPNEWS.
3. Make at least a $10 deposit, required for either offer.
4. Place a cash bet of any size for the safety net or at least $5 for the bet/get promo.

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.