bet365 Sportsbook has officially launched in Illinois, offering bettors an opportunity to claim a sign-up bonus. By using the bet365 Illinois bonus code TOPACTION, you can place a $5 first bet on any market with odds of -500 or higher. Regardless of the outcome, you get $150 in bonus bets.
With the bet365 Illinois bonus code TOPACTION, once your initial $5 bet settles, you get your bonus bets, whether your bet wins or loses. You can customize these bonus bets into any amount, but you must use them within seven days.
So, how can you make the most of your bet365 bonus bets in Illinois? We've compiled several strategies for utilizing your bonus bets from the bet365 bonus code. Read on to discover the key details and best practices.
bet365 Illinois Bonus Bets Details
While most sportsbooks offer similar core features for bonus bets, each one has its own small differences. Here's what you need to know about bet365’s bonus bets:
- You must use bonus bets within seven days of getting them. The event itself can happen at a later date, so you could bet on the World Series winner in March, but you must place the bets within the week of getting the bonus bets.
- If you don't partake in betting activities, make deposits, or use the casino for 90 days, bet365 Sportsbook removes any bonus from your account due to inactivity.
- bet365 doesn't restrict your bonus bets to a particular sport or market.
- You can divide the bonus bets into any amounts you prefer. For instance, if you have $150 in bonus bets, you can place 150 wagers at $1 each or a single wager for the full $150—it’s up to you.
- Your bonus bet amount will appear on your betslip. By checking the box to confirm you want to use bonus bet funds, you can place your wager as you normally would.
For more insights, consider exploring the +EV betting guide. To adopt a mathematical approach, you might use your bonus on a market with odds in the +300 to +700 range.
Best Ways to Use bet365 Bonus Bets in Illinois
The bet365 Illinois launch offers a fantastic opportunity to explore the best ways to use your bonus bets. Apply these to any sporting event or betting market, including wagers on local favorites like the Chicago Bulls, Chicago Blackhawks, Chicago White Sox, and Chicago Bears.
Convert Your Bonus Bets into Withdrawable Cash By Hedging
bet365 bonus bets don't count against your balance and cannot be withdrawn directly. However, you can convert them into withdrawable cash using a hedging strategy with another sportsbook.
To use this method, you need two sportsbooks to place bets on opposite sides of the same event. For instance, bet on Coby White to record a double-double. At bet365 Illinois, the odds for White to achieve this are +700, while the odds against it at ESPN BET are -700.
Place a $150 bonus bet on White to achieve a double-double at bet365 and a $918.75 standard wager on him not achieving this at ESPN BET. Regardless of the outcome, you get a $1,050 payout. This results in a $131.25 profit, since the $150 bonus bet isn't part of your wagering balance. This method provides a safer use of bonus bets but typically yields smaller winnings.
Use Bonus Bets on Plus-Money Markets
Typically, it’s best to use your bonus bets on a plus-money market as they offer the most value. Since bonus bets don’t count against your balance, it’s a strategic move to take a chance on a longshot. In the worst-case scenario, you only lose money that didn’t count against your balance.
It’s important to note that you never retain the stake with bet365 bonus bets in Illinois. If your bet wins, you only keep the profit. Therefore, choosing a plus-money market ensures your payout exceeds the original stake.
We recommend looking for bets with a high expected value (+EV), which offers more value than other sportsbooks. For instance, Connor Bedard has +290 odds to score a goal on bet365 Sportsbook, whereas other books list his odds around +220.
Use a $150 bonus bet on Bedard to score a goal at +290. If the bet wins, you earn a $435 profit—nearly $100 more than you would gain from placing the bonus on a +220 market.
Must be 21+ and Present in IL. Minimum $10 deposit required. Minimum odds -500 of greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply. Super Boost only available to new customers, max wager $50, bet restrictions, time limits and T&Cs apply.