The bet365 bonus code SHNEWS provides the choice between two welcome promos in eight legal sports betting states.

bet365 now operates in eight states — Indiana, New Jersey, Ohio, Virginia, Louisiana, Kentucky, Iowa and Colorado. If you’re outside these eight states, check out other welcome offers from the best sports betting sites.

Here are the two welcome promos available in any bet365 location:

The safety net offer allows new customers the chance to recoup a first bet miss up to a maximum $2,000 in bonus bets. Your cash bet can be of any size on any market or odds so bet365 will reimburse your stake whether the bet is $5 or $2,000.

Meanwhile, if you win your first bet, it doesn’t earn bonus bets but is treated like a normal wager. You’ll profit cash and keep your stake to withdraw or use on a different bet.

Alternatively, this promo requires a $10 deposit and at least $5 on odds -500 or greater meaning odds like +250 or -300 but not -600. Regardless of the bet outcome, the bonus is earned with the wager alone.

After the bet settles, bet365 deposits bonus bets within an hour. These bonus bets are valid for seven days and can be used to fund wagers within the platform or mobile app.

bet365 offers a potential Eastern Conference playoff matchup between the Indiana Pacers and the Boston Celtics. The Pacers have improved dramatically since last season and currently sit in the sixth seed.

Meanwhile, the Celtics are looking for a return to the NBA Finals and are the current favorites to win at +300. We’ll outline how to use the NBA matchup for the bet365 promos but any sport is eligible within bet365 Sportsbook.

The $2K promo can be a cash bet on any odds or market after a minimum $10 deposit. Imagine you wanted to grab the Pacers to upset the Celtics on Tuesday night.

If the Pacers win, this doesn’t earn any bonus bets from this promotion. However, you still win in that you keep the cash profits and the stake from a winning wager. These are cash funds that can be withdrawn or used on another bet.

bet365 matches your stake loss up to a maximum $2,000 with bonus bets. These funds differ in that they are not cash and must be played within the sportsbook.

This Bet/Get promo is incredibly easy to navigate as long as you meet the odds requirement. It allows you to grab favored odds such as -300 or even -450 but must be -500 or greater.

No matter how the bet shakes out, the bonus bets are earned within an hour of bet settlement. The $150 of bonus bets can be split across multiple bets and can potentially win cash.

When you fund a wager with bonus bets, it is treated differently from a normal wager. You can still profit cash, but the stake disappears to the house.

For example, if you used $100 of bonus bets on a +300 parlay and it hit, here’s how the bet would play out:

North Carolina sports betting is expected in the upcoming months of 2024. Stay tuned for a bet365 North Carolina bonus code once sports betting is live in the state.

21+. Gambling Problem? Call or text 1-800-GAMBLER. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply.