Bet365 Bonus Code 'COVERS' Gives $150 Bonus Bets Win or Lose For The Rose Bowl

Bet on Alabama vs Indiana in the CFP Rose Bowl with the bet365 bonus code COVERS for $150 in bonus bets on your first $5 wager.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 1, 2026 • 13:00 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 quarterfinal between Alabama and Indiana at the Rose Bowl on Thursday, January 1 presents an intriguing matchup between blue blood and new blood. New users can capitalize on this historic game with the bet365 bonus code COVERS or CVSBONUS (in select states) to claim $150 in bonus bets after placing just a $5 wager. This welcome offer joins other competitive sportsbook promos available for Thursday's Rose Bowl action.

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

bet365 bonus code delivers $150 for Rose Bowl betting

The bet365 bonus code COVERS unlocks $150 in bonus bets regardless of whether your initial $5 wager wins or loses. New users in most states should use code COVERS, while bettors in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee must use code CVSBONUS during registration. After making a minimum $10 deposit, place your first $5 bet on any market with odds of -500 or greater to activate the bonus.

For example, if you bet $5 on Alabama to cover the spread against Indiana and win, you receive your original stake plus winnings and the $150 in bonus bets. If the Crimson Tide fail to cover, you lose your $5 but still receive the full $150 in bonus credits. Key terms include:

  • Minimum $10 qualifying deposit required
  • Initial wager must contain odds of -500 or greater
  • Bonus bets expire seven days after issuance
  • Offer must be claimed within 30 days of registration

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 Alabama vs Indiana


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How to claim your bet365 Rose Bowl bonus

Claiming your bet365 welcome offer for Thursday's Alabama vs Indiana showdown requires just a few simple steps. Follow this process to secure your $150 in bonus bets:

  1. Register for a new bet365 account using bonus code COVERS (or CVSBONUS in select states)
  2. Make a qualifying deposit of at least $10 into your account
  3. Place your first $5 wager on any Rose Bowl market with odds of -500 or better
  4. Receive $150 in bonus bets within seven days, win or lose

Whether you back Fernando Mendoza and undefeated Indiana or believe Alabama's playoff experience gives them an edge, this offer provides excellent value for the Rose Bowl. Read our comprehensive bet365 review for additional details about this sportsbook's features and betting options.


More bet365 Sportsbook promos, bonuses, and offers

  • NFL Early Payout Offer: Get your straight bets paid out if the team you back goes 17 points ahead - for parlays, the selection will be marked as a winner!
  • Basketball Early Payout Offer: Get your single bets paid out if the team you back goes 18 points ahead - for multiple bet,s the selection will be marked as a winner!
  • Boosted Odds Every Day: Profit boosts on a wide range of sports!
  • 100% Parlay Boost: You can now double your winnings on parlays across a range of sports and competitions!

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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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