A new month means two new sign-up promos from bet365. Prospective bettors who activate the bet365 bonus code NEWSXLM and create an account can choose between a “Bet $5, Get $150” offer or a $1,000 First Bet Safety Net. Both promotions are geared toward Monday’s MLB games, USA vs. Uruguay at Copa America and other events across the sports world.

Bet365 Bonus Code NEWSXLM: Earn $150 Bonus or $1,000 Safety Net Bet

Bet365 is one of the only online sportsbooks presenting two sign-up options for new customers. Players in eligible states can use Newsweek’s code NEWSXLM to create an account, which qualifies them for the “Bet $5, Get $150” offer or a $1,000 First Bet Safety Net.

The “Bet $5, Get $150” deal is a straightforward “bet & get” promotion similar to competing offers. Once you’ve opened a bet365 account and selected the offer, place at least $5 on any betting market. Regardless of the odds or outcome, bet365 will issue $150 in bonus bets to use toward all sports.

Alternatively, new players can select a First Bet Safety Net. With this, bet365 covers a qualifying loss worth up to $1,000 with bonus bets. The First Bet Safety Net only conveys after a loss, so a victory nullifies the offer and activates a standard cash payout.

Both of bet365’s welcome offers are geared toward the early July sports schedule. Bet on an MLB matchup like Astros-Blue Jays, Mets-Nationals or Brewers-Rockies, or tackle the USA’s final Copa America group stage contest vs. Uruguay. Bet365 has competitive odds on all sports, including the first round of Wimbledon.

How to Evaluate Sportsbook Promotions

Prospective bettors should consider a few factors when deciding if an offer is worth activating. First, how does the payout compare to the investment? With bet365’s “Bet $5, Get $150” offer, a simple $5 wager will produce a $150 payout in bonus bets, win or lose. The 30-1 return is among the best in the industry, and that doesn’t factor in potential cash profit.

Another question for possible sportsbook customers is whether there’s any risk mitigation. Bet365 answers that with its First Bet Safety Net. Any cash wager from a few bucks to $1,000 is on the house, meaning a loss won’t leave you empty-handed. Instead, bet365 will cover the damage and refund a losing stake with bonus bets, giving players more chances to build their bankroll.

Finally, there’s the ease of activation. Bet365’s offers are available through the code NEWSXLM, which players from the ten legal states can use through Newsweek’s promo links. Bet365 also accepts many secure payment methods for the $10+ cash deposit, including online banking and credit cards.

How to Activate the bet365 Bonus Code NEWSXLM

Lock in a $150 bonus or a $1,000 bet this week using the bet365 bonus code NEWSXLM to register. Click Newsweek’s affiliate links to open the landing page, select your legal playing area and create an account. Bet365 requires a bettor’s full name, date of birth, email address and other standard account information.

As far as the deposit goes, bet365 accepts online banking, credit/debit cards and other secure payment methods. The minimum deposit on bet365 is $10, which covers players who opt for the “Bet $5, Get $150” offer. Meanwhile, bettors considering the First Bet Safety Net should increase their deposit.

Bet365’s dueling welcome offers are available in AZ, CO, IN, IA, KY, LA, NJ, NC, OH and VA.

New Customers only. Bet $5 and get $150 in Bonus Bets. Sign up, deposit (minimum $10) to your account and place a qualifying bet of $5 to get $150 in Bonus Bets once your bet is settled with bet365. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits & exclusions apply. The bonus code NEWSXLM can be used during registration, but does not change the offer amount in any way.

Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator’s terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.