Bet365 Bonus Code 'COVERS': Bet $5, Get $150, Win Or Lose For Oregon vs Texas Tech

Claim your bet365 bonus code COVERS offer for Oregon vs Texas Tech CFP Orange Bowl. Get $150 in bonus bets after placing just $5!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 1, 2026 • 09:00 ET • 3 min read
Use bet365 bonus code "COVERS" to Bet $5, and get $150 bonus bets, win or lose on your first bet. - IMAGN IMAGES
Photo By - Use bet365 bonus code "COVERS" to Bet $5, and get $150 bonus bets, win or lose on your first bet. - IMAGN IMAGES

The College Football Playoff Orange Bowl between No. 5 Oregon and No. 4 Texas Tech on Thursday, January 1 presents an exciting opportunity for new bettors to claim the bet365 bonus code offer. New users can register with bonus code COVERS (or CVSBONUS in select states) to receive $150 in bonus bets after placing their first $5 wager on this high-stakes playoff matchup. This welcome offer ranks among the top sportsbook promos available for Thursday's game featuring the Red Raiders' record-setting 12-1 season against the explosive Ducks offense.

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Bet $5, Get $150, Win or Lose
Code: COVERS
Code: CVSBONUS (CO, IL, NJ, PA & TN only)

bet365 bonus code COVERS delivers $150 for Orange Bowl betting

The bet365 bonus code COVERS unlocks $150 in bonus bets for new users who place a qualifying $5 wager on the Oregon vs Texas Tech Orange Bowl. This offer requires registration with the promotional code COVERS in most states, while users in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee should use code CVSBONUS instead. After making a minimum $10 deposit and placing your first $5 bet with odds of -500 or greater, you'll receive $150 in bet credits regardless of whether your initial wager wins or loses.

Key terms for this promotion include:

  • Minimum $10 qualifying deposit required
  • Initial $5 wager must have odds of -500 or better
  • Bonus bets expire seven days after being issued
  • Offer must be claimed within 30 days of registration

For example, if you bet $5 on Oregon to cover the spread and they win, you'll collect your winnings plus receive $150 in bonus bets. If Texas Tech covers instead and your bet loses, you'll still receive the full $150 in bonus credits to use on future wagers.


Use the correct bet365 bonus code for your state

bet365 Bonus Code Eligible States
 "COVERS" AZ, IN, IA, KA, KY, LA, NC, NJ, OH, VA
 "CVSBONUS" CO, IL, MO, NJ, TN, PA

bet365 odds for Oregon vs Texas Tech


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How to claim your Orange Bowl betting bonus

Claiming your bet365 welcome offer for the CFP Orange Bowl requires just a few simple steps. First, register for a new account using bonus code COVERS (or CVSBONUS in applicable states) during the sign-up process. Next, make your minimum $10 qualifying deposit using any accepted payment method. Then place your first $5 wager on any Orange Bowl betting market with odds of -500 or greater, such as the moneyline, point spread, or game totals. Once your qualifying bet settles, you'll receive $150 in bonus bets to use on additional wagering opportunities within seven days.

Read our comprehensive bet365 review for more details about this leading sportsbook's features and betting options.


More bet365 Sportsbook promos, bonuses, and offers

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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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