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bet365 bonus code CTNEWS earns $365 in Iowa, $200 elsewhere for all your sports bets this weekend

FILE - Colorado Rockies first baseman Daniel Murphy catches a ball to force an out against the San Francisco Giants during the seventh inning of a baseball game Aug. 5, 2020, in Denver. Murphy is joining the Los Angeles Angels on a minor league contract, the next step in a surprising comeback bid by the three-time All-Star.

The bet365 bonus code CTNEWS unlocks an excellent new customer offer for users on Friday.

New players in four select states can get $200 in bonus bets with a $10 deposit and $1 wager on any market. Bettors in Colorado, Ohio, New Jersey and Virginia are eligible for this promotion.

In the fifth and final bet365 state, Iowa, users can get up to $365 in bonus bets as part of an exclusive launch in the Hawkeye State. Both promotions use the same bonus code and are structured the same so the bonus bet value is entirely dependent on where users are wagering from.

The bet365 bonus code is the same for each state -- CTNEWS.

We’ll explain the nuances of this promotion and outline the relevant sign-up conditions in the ensuing paragraphs.

bet365 welcome offer, explained

One key difference between the bet365 promotion and other new customer offers is that most other sportsbooks require a user’s first wager to settle as a loss before they can get their bonus bets.

However, with the bet365 promotion, users simply need to place a cash wager of at least $1 to trigger this promotion.

Once that bet settles, either as a win or a loss, players in the four states listed above will get $200 in bonus bets, or $365 in Iowa.

Users can easily claim this promotion by clicking the link above and using the bonus code CTNEWS at sign up.

From there, they’ll need to make a small deposit of at least $10 and place a cash wager of $1. Notably, only real-money or cash wagers will qualify for this promotion as any bets placed using credits of any kind will not trigger this promotion.

As noted above, bettors in four of the five legal bet365 states can get $200 in bonus bets. Players in Iowa can get $365 in bonus bets.

Once that initial wager settles, either as a loss or a win, users will get their bonus bets. These bonus bets can be used for any additional wager on the bet365 platform but cannot be withdrawn or cashed out.

Likewise, any bonus bets earned from this promotion are only valid for one wager and thus will not be returned in the event of a successful wager.

For example, if a bettor were to place $100 cash wager on the Rockies at +130 against the Angels. If Colorado wins, users will collect $130 in profit, keep their $100 stake and collect $200 in bonus bets.

However, if a bettor placed the same value bet, using credits, on the Rockies and Colorado won, that bettor would only collect $130 in profit. They would notably not get their stake returned or collect the bonus bets.

One critical note, only wagers with -500 odds or longer are eligible for this promotion. So a moneyline wager with -250 odds will qualify while a futures wager with -700 odds would not.

bet365 sign-up information

Prior to signing up with bet365, players should review the relevant conditions outlined below to ensure that they get the most value out of this promotion.

Naturally, this promotion is restricted to new users, ages 21 and over who are present in a legal bet365 state. Notably, users do not need to be a resident of that state but must be within state limits which the sportsbook will verify using geolocation data.

Users can sign up with the international betting giant using the bonus code CTNEWS.

From there, players need to deposit at least $10 into their account and place a real-money wager of at least $1 to trigger this welcome offer.

Regardless of how that wager settles, users in those four states will get $200 in bonus bets and players in Iowa will get $365 in bonus bets.