bet365 Bonus Code 'COVERS': Bet $5, Get $150 Bonus Bets, Win or Lose For The NBA Playoffs

Bet $5, Get $150 in bonus bets for the NBA Playoffs with the bet365 bonus code—activate this high-value offer before tip-off.

Chris Vasile - Publishing Editor at Covers.com
Chris Vasile • Publishing Editor
May 12, 2025 • 15:00 ET • 3 min read
bet365 Bonus Code for Monday's NBA Slate
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The NBA Playoffs continue tonight, and new users can unlock a slam-dunk offer at bet365 Sportsbook: Bet $5, Get $150 in bonus bets. To claim this, you’ll need to register and use the bet365 bonus code—either COVERS or CVSBONUS, depending on your location.

With intense postseason matchups across the league, now is the perfect time to jump into the action with new sportsbook promos. Just place a $5 wager on any NBA Playoffs market and score $150 in bonus bets—win or lose! 🏀💥

Bet365 Logo

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

📋 How the bet365 'Bet $5, Get $150' offer works for the NBA Playoffs

New users at bet365 can claim this bonus by making a minimum $10 deposit and placing a $5 qualifying wager on any sports market—including NBA Playoffs action. To activate the offer, use the bet365 Bonus Code COVERS when signing up, or use CVSBONUS if you're located in Colorado, Illinois, New Jersey, Pennsylvania, or Tennessee.

Your first bet must include at least one leg with odds of -500 or longer to qualify. Once your wager is placed, you’ll receive $150 in bet credits within 24 hours of settlement—regardless of whether the bet wins or loses.

Bonus bets at bet365 are not withdrawable, and any winnings derived from them do not include the stake. For example, if you use a $50 bonus credit on a +100 bet and win, you’ll receive $50 in real cash winnings. Bet credits expire seven days after issuance, so be sure to use them during the playoff window to maximize value.

This offer is available to new customers in legal betting states like AZ, IN, IA, KY, LA, NC, OH, and VA, among others. Don’t forget to enter the correct bet365 bonus code during sign-up to secure the deal.


Offer ONLY available to first-time customers in the following states: AZ, CO, IN, IA, KY, LA, NC, NJ, OH, PA, VA. Not available to residents of Ontario, CA or other Canadian provinces.

✅ How to claim a bet365 bonus code for a $150 bonus tonight

Getting started with bet365 is quick and straightforward. Follow these steps to unlock your NBA Playoffs offer and receive $150 in bonus bets:

  1. Register: Create your new account at bet365 and use the bonus code COVERS. If you're in CO, IL, NJ, PA, or TN, use CVSBONUS instead.
  2. Deposit: Make a minimum deposit of $10 to activate the welcome promotion.
  3. Place Your Wager: Bet $5 on any NBA Playoffs market, ensuring at least one leg is at odds of -500 or longer.
  4. Get Your Bonus: Within 24 hours of your qualifying bet settling, you’ll receive $150 in bet credits to use across the site.

Want more insight into this top-tier sportsbook? 📝 Read our full bet365 review for expert analysis, platform features, and additional promos.


Sportsbook promos comparison

Choosing the right sportsbook promos for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

bet365 DraftKings FanDuel BetMGM
Current Bonus Bet $5, Get $150, Win or Lose Bet $5, Get $200, Win or Lose Bet $5, Get $200, If Your Bet Wins $1,500 Bonus Bets Back
Promo Code COVERS None Required None Required CVRBONUS1500
Bonus Type Bet & Get Bet & Get Bet & Get Second Chance Bet
Bonus Amount $150 Bonus Bets $200 Bonus Bets $200 Bonus Bets One (< $50) or five (> $50) bonus bets
Wagering Period Seven Days Seven Days Fourteen Days Seven Days
Min. Deposit $10 $5 $5 $10

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.

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Chris Vasile Covers.com
Publishing Editor

Chris Vasile has been in the betting industry for well over a decade honing his craft as a writer, editor and handicapper. A journalism graduate from Conestoga College in Kitchener, Ontario, Chris has contributed betting and non-betting content for online publications such as ProSportsDaily and The Hockey Writers, in addition to Covers. With a keen interest in soccer, Chris has been featured on Covers' 'Before You Bet' and runs his own YouTube channel — Game Day Wagers.

When it comes to daily sports betting, his sportsbook of choice is bet365 for the plethora of markets and great UX. Chris' top sports betting advice is to stick to what you know. Being a jack of all trades and master of none is a quick way to bust the bankroll. Find one or two sports you can devote your time to and trust the process.

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