bet365 Bonus Code Nets $365 in OH, VA, NJ & CO for Thursday March Madness

March Madness is back in action on Thursday with the Sweet 16. New customers can use the bet365 bonus code ACTION for $365 in bonus bets.

New bettors earn $365 in bonus bets after they deposit $10 and make a $1 bet, as long as it’s -500 or longer (meaning -400 is OK, -600 is not). The bonus bets appear in your account if your first bet wins or loses. bet365 is available in Colorado, New Jersey, Ohio, and Virginia.

March Madness returns to the spotlight, but the bet365 promo code can be used on any sporting event moving forward. Below, we’ll discuss the best way to use the promo code and bonus bets.

bet365 Bonus Code: Gonzaga-UCLA

Bettors must deposit $10 and wager $1 to access the $365 bonus bets. This first bet must also be on a prop with -500 odds or longer.

The Sweet 16 matchup between Gonzaga and UCLA has the potential to be legendary. After all, their previous two March Madness matchups have been iconic.

Gonzaga boasts the best offense in the country, but UCLA counters with a top-five defense. Which unit wins out on Thursday? Cooper van Tatenhove gives his Gonzaga-UCLA pick.

This is an interesting game to handicap, particularly from UCLA’s injury perspective.

It’s unlikely we know anything for certain regarding Singleton and Bona’s status before tip-off.

With that being said, I still believe there will be lingering effects for a team that already ranks 237th nationally in bench minutes.

Offensively, I like Gonzaga’s ability to be able to push the pace and get Timme in isolation, thus opening up shots on the perimeter.

Likewise, Gonzaga shouldn’t allow UCLA to get anything easy in transition and will be more than equipped to defend the Bruins in the pick-and-roll.

I like Gonzaga to pull off the upset, even if UCLA is at somewhat full strength.

bet365 has the Gonzaga ML at +105. Let’s take our $10 deposit and place it on Gonzaga.

• Gonzaga Wins: We win $10.50 and keep our $10 bet. We also earn $365 in bonus bets.
• Gonzaga Loses: We only access the $365 bonus bets.

Using Bonus Bets on bet365 Parlay

Regardless of the outcome of your first bet, you’ll receive $365 in bonus bets. We must examine bonus bets because they don’t function like money in your account.

First, you can’t withdraw this money until you win a bet. Second, you only keep the winnings with a bonus bet. Because of that, our +EV betting guide recommends using bonus bets on a plus-money prop or longshot.

With Gonzaga-UCLA being the last game of the night, we won’t be able to use our bonus bets until Friday.

If we parlay all the favorites for Friday’s games (Alabama, Houston, Creighton, and Texas), we would have +197 odds. Let’s take $100 of our bonus bets and place it on the parlay.

• Parlay Hits: We win $197 but don’t keep the $100 bet.
• Parlay Misses: We lose $100 of our bonus bets ($265 remaining).

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 Gonzaga and UCLA.