New customers can now use the bet365 bonus code SHNEWS for a choice between two welcome promos — a $1K first bet insurance or a bet $5, get $150 in bonus bets offer. Whichever sign-up bonus you select, you’ll need to make a $10+ deposit and a cash bet to activate the offer.

bet365 is currently available in 10 legal sports betting states. If you are in a different state, you’ll find additional welcome promos from other top sports betting sites.

Click the appropriate module below to claim your offer with the bet365 bonus code SHNEWS or keep reading to find all the details you need about these sign-up bonuses.

Don’t be confused by the fancy name — the safety net is similar to other first bet insurance offers you’ll find among best sports betting apps. It essentially gives you a do-over if your first bet doesn’t win, but you get bet365 bonus bets back instead of cash.

I recommend this offer for new bettors looking to make a larger wager of $400 or more or if you find plus-money odds you like. Let’s go through a quick example:

Imagine I set up a +300 MLB same game parlay and stake $500 on the wager.

If you access bet365 bonus bets, you’ll have seven days to use the funds before they expire. A wager funded by bonus bets can profit cash while the stake goes back to the house, since you can only play bonus funds once.

While bonus bets cannot be withdrawn, if you win cash from a bonus bet wager, those funds can be withdrawn or used on other wagers on the online sportsbook platform.

The other bet365 bonus code SHNEWS sign-up bonus promo offers a lower upfront cost with the potential to profit cash and $150 in bonus bets. You’ll still need to create a new account and make a minimum $10 deposit; however, this promo only requires a $5+ first wager at odds of -500 or longer.

This means a $5 first bet on a -600 heavy favorite wouldn’t qualify while a -110 spread or +120 player prop is applicable. No matter how the bet settles, you get $150 in bonus bets within an hour of bet settlement.

Just like the First Bet Safety Net, the bonus bets are valid for seven days. Whenever you wish to use the bonus bet credits, simply select them as the preferred funds on your betslip.

Follow these easy steps to sign-up for one of the bet365 bonus code SHNEWS welcome promos:

New players only, 21+ (18+ in KY). Gambling Problem? Call 1-800-GAMBLER. Available in AZ, NJ, IA, CO, KY, IN, LA, NC, 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. 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. Registration required.