Bet365 Bonus Code ACTION Earns $200 Value for Christmas Day NFL & NBA

What is a better Christmas gift than $200 in free bets? Well Santa… I mean Bet365 is giving new users just that!

You can claim this Bet365 new user bonus by following the link, and completing the sign-up flow. Then, once you make a deposit of $10 or more and make your first wager of at least $1, you will be rewarded with $200 in free bets!

You can use these free bets on any sporting event, and there are plenty of things happening around the holidays. Whether Christmas day football or basketball is your thing, there is a wide selection of games to bet on! Let's take a look at how these free bets work.

How to Activate the Free Bets

Like I said, the offer couldn’t be more simple. Bet $1 on anything, get $200 in free bets. No complicated terms or minmums to hit.

For my first bet, let’s say I deposit just $10 and put it all on the Green Bay Packersmoneyline against the Miami Dolphins. It’s priced at +170.

If the Packers win, I’ll profit $17 and keep the $10, plus I’ll get the $200 in free bets. If the Packers don’t win, I’ll get $200 in free bets and have no cash remaining.

What Are Free Bets?

So what are free bets, anyway? It’s like bet365 is spotting you the bet, and they let you keep the winnings if it wins.

Here’s an example. After claiming the free bets on the Christmas morning matchup, let’s say I put all $200 in free bets on the Denver Broncos -1 vs. the Los Angeles Rams, priced at -105 at bet365.

• If The Broncos cover, I’ll profit $190, but I don’t keep the original $200 in free bets.
• If the Broncos don't cover, the free bets go away, but I don’t lose any cash.

We always recommend you make plus-money wagers with your free bets, so taking spreads actually isn’t the best idea. You’re getting much more expected value, since you don’t keep the initial stake. While you may not hit your free bets as often at +400 since those outcomes are less likely, it’s mathematically optimal and you’ll make money in the long run.

That’s it! Check out our explainer on different sportsbook promos if you want to learn more.

Here's a couple NFL betting resources to help prep for the Week 16 slate:

• Brandon Anderson provides analysis on his passes, leans and bets for every Week 16 NFL matchup.
• Evan Abrams details the headlines with betting trends, stats and notes for the all of Week 16.

Terms & Conditions

Here are the important points to know about this offer:

• Where bet365 is available:New Jersey, Colorado, Ontario
• You’ll get the free bets one hour after your first $1 or more bet settles.
• You have 30 days to place your first bet once you make your account, or the offer will be forfeited.
• Free bets will be forfeited if your account is inactive for 90 days — aka you don’t login.
• You cannot bet on opposite sides of the same game with free bets to guarantee a profit. So, you can’t bet $25 each on both the Vikings and Patriots to win.

Why bet365?

Bet365 is one of the biggest sportsbook brands in the world and has been patient with its entry into the U.S. market.

It has one of the best same game parlay products available, behind only FanDuel, and has some of the best odds for anytime touchdown scorers in the NFL.