bet365 Bonus Code ACTION Seizes $200 for NBA, NFL Draft in NJ, Colorado, VA & Ohio Thursday

The clock is ready to strike on the 2023 NFL Draft and bettors hopping aboard can net $200 in bonus bets using the bet365 bonus code ACTION.

This offer is live in New Jersey, Colorado, Ohio and Virginia. The NFL Draft is available to bet in all of those states, except for Virginia.

If you’re interested in striking the value with wagers on something other than the draft, this offer can be bet on anything between Thursday’s three NHL series, the Celtics looking to finish the Hawks and any other event. But if you’re betting the draft at bet365, there’s a wide selection of niche props offered from positions to be drafted in the first round, top five and ten picks, second player at a position to be drafted etc.

The way this works is new bettors must deposit $10 and wager $1+ on any market at bet365 to access the bonus bets. The first bet must be on a prop with -500 odds or longer (so -499 is OK, -501 is not). No matter the outcome of your first bet, bet365 will credit you with $200 in bonus bets.

In light of the NFL’s offseason holiday, let’s talk about an NFL Draft example using bonus bets; they aren’t exactly the same thing as cash.

Betting on the NFL Draft at bet365

You’ll have $200 in bonus bets Following your first $1 bet on a prop with -500 odds or longer. We suggest using your bonus bet on a plus-money prop or longshot. Bonus bets don’t allow you to keep your wager, so this is the best way to maximize your value.

In the effort of doing that, here’s why Action Analytics likes fading Hendon Hooker to go over 31.5 in draft position at +160:

Remember that Malik Willis, who had a similar yet less prolific college career, fell to the third round. Both Willis and Hooker were older (Willis 23, Hooker 25) quarterbacks who had a transfer under their belt before starring in college.

I don’t think Hooker will fall to the third like Willis; he was far too prolific while in Knoxville. But he is not a finished, ready-to-start quarterback.

According to Pro Football Focus, Hooker played in a “gimmicky” offense at Tennessee. According to NFL.com, “the most important question to be answered is whether he can thrive outside of the Tennessee offense.”

This question has led him to be consistently rated outside of the top 32 by the draft media. Arif Hasan’s Industry Consensus Big Board has him listed as the 51st prospect.

Quarterbacks always seem to go surprisingly early, but I think a potential project QB who’s 25 years old and coming off knee surgery is more likely to fall outside the first round than be taken inside it.

While we get plus money with this prop, we like the +250 to +500 range for bonus bets, so let’s add another leg to create a parlay for the draft. Let’s switch from the theme of overrated to underrated with Alex Hinton’s bet on Joey Porter Jr. to go under 19.5 draft position at +162:

The Atlanta Falcons have the eighth pick and recently acquired Jeff Okudah from the Lions. However, they could still use more secondary help. At 10, the Philadelphia Eagles are relying on 32-year-old Darius Slay and 29-year-old James Bradberry.

Porter could also be in play at No. 14 for the Patriots and at 16 for the Commanders. Cornerback is the favorite to be Washington’s first pick at -125, and it’s the second-most likely for the Patriots (+250 at DraftKings).

Porter going 17th overall to Pittsburgh, where his father enjoyed a great career, would be one of the stories of the draft. Then we’re back to the Lions, who could be an option for Porter if they don’t pick a cornerback at No. 6.

Porter is a physical and long corner at 6-foot-2 who thrives playing press-man coverage. He fits the prototype that many teams covet to stop the larger X-receivers. With seven potential landing spots, I will happily take +162 for Porter to be a top-19 pick.

When we combine both props, we have +581 odds on the parlay. In the scenario where we place $100 of our $200 in bonus bets on this, here’s what we could expect to unfold:

• Parlay Hits: We win $581 but don’t keep our $100 bet. We still have $100 in bonus bets remaining.
• Parlay Misses: We lose the $100 and profit nothing.

For all things regarding betting the NFL Draft on Thursday, keep up with Action’s NFL hub page and draft futures odds.

bet365 Terms & Conditions

Here are the important points to know about this offer:

• States available:Colorado, New Jersey, Ohio, and Virginia.
• You’ll receive the bonus bets after one hour of your first $1 bet settling.
• You must make your first bet within 30 days. Otherwise, it will be forfeited.
• If you are inactive for 90 days, your bonus bets will be forfeited.
• bet365 doesn’t allow you to bet on both sides to guarantee a victory. For example, you cannot bet $10 on the Grizzlies and Lakers.