bet365 Bonus Code BARKER unlocks $1K safety net or $150 all of January 2024

Which bet365 bonus offer is better?

$1,000 safety net

The safety net is the higher value offer if you max it out. Here's how it works.

Say you deposit $1,000 and place it all on the Ravens to beat the Steelers on Saturday night at +150. Sure, it's a must-win game for Pittsburgh, but that doesn't mean the Ravens will lay down. Teams with a winning percentage of 50-60% in the final week of the season are just 71-78-5 ATS, good for a 47.7% clip.

• If Baltimore wins, I'll profit $1,500, and keep my $1,000 wager. That's $2,500 in my account I can continue betting or withdraw. The promo is over.
• If Baltimore loses, I'll get $1,000 back in bonus bets.

I'll then have to wager those bonus bets to turn them into cash and try to make back the $1,000 I lost on the first bet. Bonus bets over a large sample convert at about a 60-70% rate if you use them effectively, though with some luck, you can make more.

We recommend using bonus bets on plus-money wagers priced between +300 and +500. Since you don't keep the stake, the expected value is always going to be higher when the price is longer (but since you don't get an infinite number of bonus bets, +300 to +500 is a good range).

Bet $5, get $150

The bet/get is a better offer for users who don't plan on depositing and betting $1,000 on their first wager. If you just want some bonus bets to mess around with.

It's a bit more straightforward than the safety net. Just deposit at least $10, and make a $5+ bet on anything -- as long as the line is -500 or longer. That means -110 or -450 are OK, but -600 is not, and you won't get the bonus bets.

So say you take this offer and make a $5 wager on the Ravens at +150 against the Steelers still. If Baltimore wins, you profit $7.50 and you keep your $5, plus you'll get $150 in bonus bets.

If Baltimore loses, you'll lose that $5, but you'll still get $150 in bonus bets.

How bet365's bonus bets work

bet365 has some of the most favorable bonus bet terms in the industry right now. Here's what you should know about them:

• You keep any profit from bonus bets, but not the stake itself. So if you place a $10 bonus bet wager on a team that's +200, you'll profit $20 if they win, but you don't keep the $10 wager like a normal bet. It just goes away.
• bet365's bonus bets don't expire, unless your account is inactive for 90 days.
• You can split up the bonus bets into any increment you'd like. If you want to use them all on one $150 bet, great. If you want to make a bunch of smaller bets, you can do that too.

Signing Up at bet365

1. Click here to get started, or download the bet365 app, or go to bet365.com if you're on your computer
2. Register with all your real, accurate info. If you don't, bet365 can't verify your identity and you won't be able to deposit. All sportsbook tie your identity (using the last four digits of your SSN) to your account so you can't create multiple accounts.
3. Enter bet365 bonus code BARKER at checkout. When you finish registering, you'll pick your offer from a landing screen.
4. Deposit $10 or more using a debit card, bank account, credit card, or any other payment method.
5. Place a $5 bet if you take the bet/get offer, and a first bet up to $1,000 if you take the safety net.