Bet365 Bonus Code COVERS: Get $150 Bonus for Rockets-Knicks, UNC-SYR & ARI-HOU + Saturday Basketball Matchups

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Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Feb 21, 2026 • 08:10 ET • 3 min read

Saturday's basketball slate features three compelling matchups with Rockets-Knicks, UNC-Syracuse, and Houston-Arizona action. New users can capitalize on this exciting day of hoops with the bet365 bonus code offer, which provides $150 in bonus bets after placing just a $5 wager. The promotion requires the bonus code COVERS in most states, while Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee users should enter CVSBONUS during registration.

This sportsbook promos opportunity remains available through Saturday, Feb. 21.

Bet365 Logo

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

bet365 bonus code delivers $150 in bonus bets

The bet365 bonus code promotion offers new users $150 in bonus bets after placing their first $5 wager, regardless of whether that initial bet wins or loses. This welcome offer requires a minimum $10 qualifying deposit and must be claimed within 30 days of account registration. The qualifying bet must include at least one selection with odds of -500 or greater and must settle within seven days of claiming the offer.

Key terms and conditions include:

  • Bonus code COVERS required in most states; CVSBONUS in CO, IL, MO, NJ, PA, TN
  • $10 minimum deposit to activate the offer
  • $5 qualifying bet must contain odds of -500 or better
  • Bonus bets expire seven days after being issued
  • Available in AZ, CO, IA, IL, IN, KS, KY, LA, MD, MO, NC, NJ, OH, PA, TN, VA

For example, if you bet $5 on Houston to cover the spread against Arizona and your bet wins, you'll receive your original stake plus winnings, along with $150 in bonus bets. If your Rockets moneyline wager against the Knicks loses, you'll still receive the full $150 in bonus bets to use on future markets. These bonus funds can be applied to any available sports betting market on the platform.

Saturday, February 21 - Key Basketball Matchups

  • (12) Florida vs. Ole Miss - 12:00 PM ET (ESPN)
  • (1) Michigan vs. (3) Duke - 6:30 PM ET (ESPN)
  • (6) Iowa State vs. (23) BYU - 10:30 PM ET (ESPN)
  • Magic vs. Suns - 5:00 PM ET (NBA TV)

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 All Users

bet365 odds for Rockets vs Knicks


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How to claim Saturday's basketball betting offer

Claiming your bet365 welcome bonus for Saturday's basketball action requires four 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 using your preferred payment method
  3. Place your first $5 wager on any of Saturday's games, ensuring one selection has odds of -500 or greater
  4. Receive $150 in bonus bets within seven days, regardless of your initial bet outcome

Your bonus bets will be credited to your account after your qualifying wager settles, giving you additional betting power for future basketball games and other sports markets. For more details about this operator's features and betting options, check out our comprehensive 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 sportsbook provides comprehensive tools and resources to promote responsible gambling among its users. Players can establish daily, weekly, or monthly limits on deposits and spending, as well as set limits for individual wagers to help maintain control over their betting activities. The platform clearly displays the legal betting age during registration and offers educational resources to help identify warning signs of problematic gambling behavior.

One standout feature is the ability to set time limits on your betting profile, allowing users to control the duration spent on the platform during specific periods. This proactive approach helps bettors stay within their budget while maintaining an enjoyable experience. Users can also take a free self-assessment test to evaluate their gambling habits and access additional responsible gaming resources. These comprehensive safety measures demonstrate bet365's commitment to promoting healthy gambling practices and player protection.


Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

Gambling Problem? Call 1-800-GAMBLER. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

When he’s not making data-driven betting decisions or breaking down NHL matchups, you’ll find Luc on the ice, hitting the tennis courts, or engaging in some other form of exercise — staying connected to the sports he loves.

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