Bet365 Bonus Code COVERS for $200 Offer on Magic vs. Cavaliers, NBA Monday

Bet on Magic vs Cavaliers Monday with bet365 bonus code COVERS and get $200 in bonus bets after placing just a $5 wager, win or lose.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Jan 26, 2026 • 14:10 ET • 3 min read
Photo By - Use bet365 bonus code "COVERS" to Bet $5, and get $200 bonus bets, win or lose on your first bet. - IMAGN IMAGES

The Cleveland Cavaliers welcome the Orlando Magic on Monday, January 26, in what promises to be an exciting rematch after Cleveland's dominant 119-105 victory Saturday. New users can capitalize on this Eastern Conference showdown with the bet365 bonus code offer, which delivers $200 in bonus bets after placing just a $5 wager. This sportsbook promos opportunity requires the bonus code COVERS in most states or CVSBONUS in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee.

With Donovan Mitchell averaging a career-high 29.1 points and leading the NBA in second-half scoring, Monday's game offers plenty of betting opportunities through various sportsbook promos.

Bet365 Logo

Bet $5, Get $200, Win or Lose
Code: COVERS
Code: CVSBONUS (CO, IL, NJ, PA & TN only)

Magic vs Cavaliers bet365 bonus code offer details

The bet365 bonus code promotion provides new users with $200 in bonus bets regardless of whether their initial $5 wager wins or loses. To activate this offer, users must register with bonus code COVERS in most states or CVSBONUS in Colorado, Illinois, Missouri, New Jersey, Pennsylvania, and Tennessee, then make a minimum $10 qualifying deposit. The qualifying bet must contain at least one selection with odds of -500 or greater and be placed within 30 days of account activation.

For Monday's Magic vs Cavaliers matchup, bettors could place their $5 qualifying wager on Cleveland's moneyline, given their recent three-game winning streak and Mitchell's exceptional form. If the Cavaliers cover the spread as expected, users receive their original winnings plus $200 in bonus bets. Should Orlando pull off the upset, bettors still receive the full $200 in bonus credits.

The bonus bets expire seven days after being issued and can be used on any sports market available on the platform.


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

Best bet365 NBA Boosts

bet365 All Users

  • 30% boost for a 3+ leg NBA SGP

bet365 odds for Magic vs Cavs


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How to claim your bet365 bonus for Monday's game

Claiming the bet365 welcome offer for Magic vs Cavaliers is straightforward with these steps:

  1. Register for a new bet365 account using bonus code COVERS or CVSBONUS in select states
  2. Make a minimum $10 qualifying deposit using any accepted payment method
  3. Place a $5 wager on Monday's Magic vs Cavaliers game with odds of -500 or greater
  4. Receive $200 in bonus bets within seven days, regardless of bet outcome
  5. Use bonus credits on any available sports markets before they expire

New users can learn more about the platform's features and betting options in our comprehensive bet365 review.


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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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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