bet365 Bonus Code TOPACTION: Get $1K First Bet Safety Net or $150 Bonus for Thursday Action

You can stash bonus value ahead of the weekend if you place your first wager with bet365 bonus code TOPACTION.

This will activate a choice between insurance worth up to $1K a bet/get offer of $5 for $150 in bonus bets. Either of these offers can be used on any Thursday NHL, NBA, college game and more — as long as it's a market listed at bet365.

Just make sure that the odds you select are -500 or longer if you should decide to go with the bet/get for $150.

Once you sign up for bet365 Sportsbook is live in nine states: Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, New Jersey, Ohio and Virginia.

Does bet365 have a bonus code?

The bonus bets will appear in your account no matter what happens with the $150 bet/get, so you don't have to worry about strategizing as much with a pick by using this offer.

Where you should apply more thought is with the $1K bet insurance offer. You can place any amount up to this number with your first wager at the book and it will be matched in bonus bets if it loses. This is an opportunity to bet big within your limits because you will get value no matter what, so you might as well maximize.

Once you have secured bonus value at bet365, you need to place a wager with it within seven days or it will go away. You can split bonus bets up into separate increments unlike some books that make you place them in bulk.

It's a light NBA schedule on Thursday, so we'll pivot to a jam-packed menu of NHL action and create a parlay as an example of what to expect. Say I use $100 in bonus bets on this three-leg +1211 hockey parlay on Thursday evening:

• Red Wings +150 vs. Canucks
• Flyers +145 vs. Maple Leafs
• Predators +114 vs. Stars

I chose underdogs in each of these matchups to expand my expected value, which is the value you see if you were to place a bet an infinite number of times. That is a key thing to consider when you are betting on sports in general, but especially with bonus bets.

This $100 would convert to $1,211 in real earnings if all three legs hit. If one or more do not, I would be left with $0.

What are bet365's terms & conditions?

Here are the important points to know about this offer:

• States available: Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, New Jersey, Ohio, and Virginia
• You'll get the bonus bets about one hour after your first bet settles.
• Make your first bet within 30 days of account creation
• If you're inactive for 90 days, your account will be closed.
• You can't bet on both sides of the same game to lock in a profit.

New players only, 21+ (18+ in KY). Gambling Problem? Call 1-800-GAMBLER. Available in AZ, NJ, IA, CO, KY, IN, LA, VA, OH only. Place a qualifying bet of up to $1000 to be eligible for a matched refund in Bonus Bets if your qualifying bet loses. A deposit (minimum $10) is required to participate in this offer. T&Cs, time limits and exclusions apply.

Bet $5 and Get $150 in Bonus Bets at bet365. Deposit required. Bet Credits wager excluded from returns. T&Cs, time limits and exclusions apply.