The 2026 Kentucky Derby is shaping up to be one of the most wide-open Run for the Roses in recent memory, with no clear-cut favorite and a deep field of contenders set to take the Churchill Downs oval. New bettors looking to get in on the action can use a bet365 bonus code to choose between two welcome offers: a Bet $10, Get $50 win or lose bonus or a $1,000 First Bet Safety Net. As of May 2, both offers are available to new Canadian users and represent some of the best sportsbook promos ahead of the Derby.
Note that this offer is not available to Ontario bettors.
Bet $10, Get $50, or a $1K First Bet
bet365 Bonus Code Offers for the 2026 Kentucky Derby
New Canadian users can unlock two welcome offers at bet365 by entering the bet365 bonus code COVERS at registration. The first is a straightforward Bet $10, Get $50 promotion. Simply place a first wager of $10 or more on odds of -500 or longer and receive $50 in bonus bets, win or lose. For example, if you put $10 on Renegade to win the Kentucky Derby and he gets caught in traffic and finishes out of the money, you still walk away with $50 in bonus bets credited to your account.
The second option is the $1,000 First Bet Safety Net. This offer is designed for bettors comfortable with a larger initial wager. Place up to $1,000 on your first bet, and if it loses, the full amount is refunded in bonus bets. To illustrate, if you wager $500 on Commandment at 8-1 odds and he fails to close in time down the stretch, you receive $500 back in bonus bets. If he wins, you keep the stake and the profit. Both offers come with the following key terms and conditions:
- Bonus code COVERS must be entered at registration
- Minimum deposit of $10 required
- Bonus bets are valid for seven days after being credited
- The Bet $10, Get $50 offer requires a first wager of at least $10 at odds of -500 or longer
- The First Bet Safety Net applies only to the first cash wager placed
- Not available to Ontario bettors
Both offers provide genuine value for bettors eyeing the Kentucky Derby field, whether you are backing morning-line favorite Renegade or looking for value in closers like Further Ado or Chief Wallabee in the 6-1 to 15-1 range.
Best bet365 Kentucky Derby Boosts
All Users
Check out all bet365 odds and profit boosts for today.
How to Claim Your bet365 Welcome Offer Before the Kentucky Derby
Signing up and claiming your bet365 welcome offer takes only a few minutes. Follow these steps to get started before post time:
- Register: Download the bet365 app or visit the website. Create a new account and enter bonus code COVERS during registration. Provide your personal details and complete the verification process.
- Choose your offer: Decide whether the Bet $10, Get $50 or the $1,000 First Bet Safety Net is the right fit for you before making your deposit, as this will determine how much you should fund your account.
- Deposit funds: Make a minimum deposit of $10 using Interac e-Transfer, Visa, Mastercard, debit card, or another accepted payment method. If you plan to use the full Safety Net, deposit up to $1,000.
- Place your first bet: Wager at least $10 on the Kentucky Derby or any eligible market. For the Safety Net, place up to $1,000 on your chosen first bet.
- Collect your bonus bets: Win or lose on the Bet $10, Get $50 offer, $50 in bonus bets will be credited. If your Safety Net bet loses, the wagered amount is refunded in bonus bets, valid for seven days.
For a full breakdown of what bet365 has to offer beyond its welcome promotions, read the complete bet365 review.
More bet365 Sportsbook promos, bonuses, and offers
- 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!
bet365 Responsible Gaming Features
bet365 is committed to providing a safe and responsible betting environment for all users. The platform allows bettors to set daily, weekly, or monthly limits on deposits, spending, and individual wager amounts, giving players practical tools to stay in control of their activity. The legal betting age is clearly displayed throughout the registration process.
To help combat problem gambling, bet365 offers educational resources designed to help users recognize the warning signs of harmful betting behaviour. Bettors can also complete a self-assessment test at no cost to evaluate their own gambling habits and determine whether adjustments are needed.
One standout feature is the ability to set time limits on your betting profile. This allows users to cap the amount of time spent on the platform during a given period, helping to keep the experience enjoyable and within personal boundaries. Additional responsible gaming resources are also available directly through bet365 for anyone who needs further support.
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