bet365 Bonus Code TOPACTION Grabs $1K Bet on the House or $150 in CO, IA, NJ, OH, VA for Thursday Slate

If you're in search of bonus value for Thursday's extensive slate of Saints-Jaguars, MLB playoffs, NHL and more, you can use bet365 bonus code TOPACTION for several sign up offers in Colorado, Iowa, New Jersey, Ohio, Virginia and Kentucky.

bet365 Sportsbook is offering a $1,000 first bet safety net or a guaranteed $150 bonus bet in all of those states except for Kentucky.

There you can also use bet365 bonus code TOPACTION for $365 instead of $150.

So here's what's available:

• First bet safety net up to $1,000 in bonus bets (Colorado, Iowa, New Jersey, Ohio, & Virginia)
• Bet $5+, get $150 in bonus bets (Colorado, Iowa, New Jersey, Ohio, & Virginia)
• Bet $1 and get $365 in bonus bets (Kentucky)

Keep in mind you need to make a minimum $10 deposit and your first wager needs to be on -500 odds or longer.

Stay with us below to read more about how all this really works.

Does bet365 have a bonus code?

Bonus bets are the most popular form of currency in sports betting. They are essentially bet credits and were formerly known as free bets.

They are often used to lure new users to a sportsbook. Other times, sportsbooks put them in your account as a reward for betting a bunch or as an incentive to come back.

There are two avenues to take when it comes to bonus bets— guaranteeing a profit through a series of “hedge” bets, or betting at plus-money to maximize your expected value.

So let's draw out an example: You receive $150 in bonus bets and use $50 worth on Chris Olave to score an anytime touchdown Thursday.

Olave is the top target for Derek Carr against a Jaguars secondary that has allowed the most air yards, attempts and completions.

Olave to score is priced at +200, so this is a solid price for bonus betting.

The $50 would return you a payout of $100 in actual money if he scores. But if he doesn't, you profit nothing. The bonus value vanishes no matter the result of your bet.

bet365 Terms & Conditions

Here are the important points to know about this offer:

• States available: Colorado, Iowa, Kentucky, 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+. Gambling Problem? Call 1-800-GAMBLER. Available in NJ, IA, CO, 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.