bet365 Bet $5, Get $200 Promo Code

bet365 is among the world’s largest and most trusted sportsbooks. The operator offers competitive odds on many sports and leagues, including many odds boosts and single-game parlays.

The welcome bonus used to be a Bet $5, Get $150 promo, but it has now changed to an even better offer!

That’s right, new users are now entitled to the bet365 Bet $5, Get $200 welcome promo using bonus code GAMEDAY.

bet365 users in eligible states have the choice of Bet $5, Get $200 or a $1K First Bet Safety Net. Players residing in Pennsylvania can get Bet $5, Get $200 plus $50 Free Spins at the online casino.

Continue reading to learn more about this promo, including how to claim it, get your winnings, and essential terms and conditions.

bet365 Bet $5, Get $200 Promo Code

bet365 now has a Bet $5, Get $200 offer.

As the name suggests, you receive $200 in bonus bets when you place your first bet of $5 or more.

To claim the promo, you must sign up to bet365 using the special code “GAMEDAY" and deposit at least $10. Then, place a bet of $5 or more with odds of (-500) or better.

To qualify for the bonus, your bet must settle within 30 days after you’ve signed up. Once it settles, you will instantly receive $200 in bonus bets, available to use for all markets. You have seven days to use the promo funds.

This promotion is available to new bet365 players only, but existing users can still take advantage of a wealth of offers.

As for the $1K First Bet Safety Net, this is where you place your first bet and if it loses, you’ll be refunded up to $1,000. For example, if I bet $500 and lose, I’d get $500 in bet credits.

PA users have 50 Free Spins instead of the $1K First Bet Safety Net. These spins can be used at the following games:

• Finn and the Swirly Spin
• Gonzo’s Quest
• Jack in a Pot
• Piggy Riches Megaways

How the bet365 Sportsbook Bet $5, Get $200 Works

bet365 sportsbook now offers Bet $5, Get $200 instead of their initial bet $5, get $150 promo. Just follow these steps:

• to activate the bonus and be automatically transferred to bet365.
• Press “Join" or the banner with the welcome promo.
• Enter the required personal information, including your phone, address, and last four of your SSN.
• Enter your email and create a password and username. Ensure you enter the promo code “GAMEDAY" if it isn’t automatically populated.
• Submit the required documents to verify your identity.
• After activating your account, deposit $10.
• Place a qualifying bet of $5 that must settle within 30 days of registration.

Once you receive your bonus bets, you have seven days to use them.

Wagering Requirements

The bonus bets are not eligible for withdrawal, but all winnings are available as cash and can be withdrawn immediately. That essentially means a 1x wagering requirement on the bonus bets.

Terms and Conditions

• The promo is available to new players only.
• You must deposit at least $10 to be eligible for this offer.
• Place a bet of $5 or more to unlock the offer. The bet must settle within 30 days of registering and have odds of (-500) or better.
• Bonus bets expire seven days after issue.
• Bonus bets are non-withdrawable.
• Bonus winnings are available as cash and can be withdrawn immediately. However, bonus bets cannot be used for casino games in states with bet365 Online Casino (NJ, PA).

I recommend reading the terms and conditions before you sign up or use your bonus bets to learn more.

bet365 $200 Promo vs Its Competitors

bet365 is now offering Bet $5, Get $200, so how does the $200 promo compare to its competitors? I’ve selected five of the best New Jersey sportsbooks to compare. See below.

Caesars Sportsbook

At Caesars Sportsbook, you can get up to a $1,000 bonus with the code “GAMEDAY1000."

You must deposit $10 or more to claim this offer and place a bet of at least $10. If the bet loses, you get your wager back as a bonus bet. If you win, you can enjoy your profits.

Compared to bet365, the Caesars Sportsbook promo does not guarantee you will get anything. While the bonus can be up to $1,000, you don’t get any extras if you win on your first wager.

Fanatics Sportsbook

The Fanatics Sportsbook welcome promo spreads for 10 days. The sportsbook will match your bet up to $100 each of the first 10 days on the site, so you can get up to a $1,000 bonus.

Like at bet365, you cannot withdraw the bonus bets at Fanatics, but winnings are paid as cash. However, while you can get more bonus bets, you must deposit more.

BetMGM Sportsbook

At BetMGM Sportsbook, you get a bonus similar to Caesars Sportsbook. However, at BetMGM, you can get up to $1,500 with the code “GAMEDAY."

With this promo, if your first bet loses, you receive it back as bonus bets. That means if your first bet wins, you don’t get anything.

The nice thing about the BetMGM Sportsbook welcome promo is that the bonus funds are spread over five bets, not one, so you can place more bets and have a higher chance of winning.

DraftKings Sportsbook

DraftKings is one of the most popular sportsbooks. As a new user, you can claim the DraftKings Sportsbook Bet $5, Get $250 offer.

The promo works similarly to the bet365 bet $5, get 200. You must deposit at least $10 and bet at least $5. Once your bet settles, you receive the bonus bets.

As a new customer, you also get a free month of NFL+ Premium. This is one of the best sportsbook promotions available.

FanDuel Sportsbook

FanDuel is the biggest sportsbook in terms of market share. For new customers, the operator offers a promo nearly identical to DraftKings and similar to bet365.

When you claim the FanDuel Sportsbook welcome promo, you get $200 in bonus bets after you deposit $10 and bet $5. Like the promos at other operators, the bonus bets are ineligible for withdrawal, but winnings are available as cash.

In addition to the $200, new customers receive three weeks of NFL Sunday Ticket for free.

The Best Way to Use the bet365 $200 Promo

You now get $200 instead of $150 bonus bets at bet365. Here’s how to get the most of this offer:

First, get the most out of your $5 qualifying wager before even getting the promo funds. I recommend building a parlay. Pick high-odds parlay legs, as even if you lose, you’re guaranteed the $200 promo, but if you win, you can walk away with a nice sum.

Once you’ve claimed your $200 bonus bets, stick to more favorable odds. While parlays are a top choice for your qualifying bet, they’re not the best option for the $150 bonus bets. Instead, focus on these tips:

• Bet on the favorite: The favorite has an implied higher chance of winning, which means they’re the safer option.
• Bet on what you’re comfortable with: Are you an NFL fan? Bet on NFL games. Whatever sport or league you follow the most will be the best one to bet as you can make a more informed decision.
• Use tools to find the best bet: Research before you place a bet. There are many tools to help you find the best bet. That includes our NFL betting odds page, where you can see if bet365 offers better odds than competitors.

Is the bet365 Bet $5 Get $200 Worth It?

The bet365 promo is totally worth it, especially now that it’s $200 instead of $150. You receive $2-0 in bonus funds for a small deposit and bet. There are not as many restrictions on using your bonus bets as some other competitors, meaning you can likely bet on your favorite teams.

Also, while the bonus bets are non-withdrawable, the winnings are paid out as cash, meaning you can withdraw them immediately. So, for example, you win $20 from your $200 bonus bets, and you’ve doubled your initial deposit for $10.

The bet $5, get $200 promo is also the best way to get started at bet365, one of the world’s leaders in sports betting. The sportsbook has been in business for over 20 years, meaning you join a top-quality sportsbook.

You will find many competitive odds, including many boosts on over 20 sports and dozens of leagues.

How to Withdraw Your Bet & Get Winnings

To withdraw your promo winnings, follow these steps:

• Click on your account settings at the top right of your screen.
• Press “Bank."
• Select “Withdraw."
• Choose your withdrawal method.
• Submit your request.

Note that the minimum withdrawal is $10 and that not all methods will be available. Some require that you’ve deposited with that method before you can withdraw.

Most withdrawals are processed within four hours. Exceptions include credit cards (where available) with a 1-5 business day processing and cash at casino cage (where available), which is instant.

Where Is the bet365 Sportsbook Bet $5, Win $200 Promo Available?

bet365 is now offering Bet $5, Get $200 or $1K First Bet Safety Net.

This bet365 promotion is available in Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, New Jersey, North Carolina, Ohio, and Virginia.

The operator recently launched its online casino in Pennsylvania, so in addition to this offer, you get 50 free spins to try the bet365 Online Casino in the Keystone State. However, the 50 free spins replace the $1K First Bet Safety Net in PA, so keep that in mind.