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bet365 Ohio Promo Code: CBSBET365 for $150 in Bonus Bets
Use CBSBET365 at bet365 Ohio — bet $5, collect $150 in bonus bets if it wins. Qualifying bet must carry odds of -500 or greater. Min $10 deposit. 21+.
The bet365 Ohio promo code CBSBET365 unlocks a Bet $5, Get $150 in bonus bets offer — but only if that first bet wins, and the qualifying wager must carry odds of -500 or greater. Minimum deposit is $10. Know those two conditions before you sign up.
How Does the bet365 Ohio Promo Code Work?
Enter CBSBET365 during registration. After your account is verified, deposit at least $10 and place a qualifying first bet of $5 or more. The bet must be priced at -500 or greater — meaning odds of -499, -200, +110, and so on all qualify; only bets at -501 or longer (more negative) are excluded. If that wager settles as a win, bet365 credits your account with $150 in bonus bets.
If the first bet loses, no bonus is issued under this structure. That distinguishes it from a first-bet-insurance offer. For a side-by-side breakdown of how the two formats stack up, see the Ohio Promo Types Compared: First Bet Insurance vs Bet & Get page.
What Are the Key Terms?
- Promo code: CBSBET365
- Minimum deposit: $10
- Qualifying bet: $5 or more
- Odds requirement: -500 or greater (the bet must not be priced shorter than -500)
- Trigger: First bet must win
- Reward: $150 in bonus bets
- Bonus bets: Non-withdrawable; only winnings generated from them are cashable
- Eligibility: New customers only, one per person
- Minimum age: 21+
Must be 21+. Gambling problem? Call 1-800-GAMBLER.
How Does bet365 Compare to Other Ohio Bet-and-Get Offers?
| Sportsbook | Offer Structure | Bonus Value | Odds Requirement | Min Deposit |
|---|---|---|---|---|
| bet365 (CBSBET365) | Bet $5, get $150 if first bet wins | $150 bonus bets | -500 or greater | $10 |
| FanDuel Ohio | Bet $5, get $150 if first bet wins | $150 bonus bets | Not specified | $10 |
| BetMGM Ohio (SIBONUS50) | First Bet Insurance on loss | Up to $1,500 bonus bets | None stated | $10 |
| Caesars Ohio | First Bet Insurance on loss | Up to $1,000 bonus bet | None stated | $10 |
bet365 and FanDuel share the same Bet-and-Get headline number. The important difference with bet365 is the explicit -500 odds floor. A heavy moneyline favorite on a major sport may push past that cutoff, so check the price before confirming the bet. For the full Ohio Bet-and-Get Promos: Place $5, Earn $150 in Bonus Bets comparison, the odds requirements across all similar offers are laid out in one place.
Is bet365 a Licensed Ohio Sportsbook?
Yes. Ohio sports betting launched January 1, 2023, and is regulated by the Ohio Casino Control Commission. bet365 operates legally in Ohio as a licensed sports gaming proprietor. Only wager with operators confirmed on the OCCC's published license list.
Should You Use the bet365 Ohio Promo Code?
The offer is clean and the bonus amount is competitive for its category. The conditions that matter most: the bet must win, and odds must be -500 or better. For bettors who expect to place a standard spread or total as their first wager — typically priced near -110 — this offer presents no extra friction. Pick a game with a clear lean, use a bet you would have made anyway, and the $150 in bonus bets follows.
If a losing first bet feels more likely or the size of the potential bonus matters more than the structure, a first-bet insurance offer at BetMGM or Caesars may suit better. To weigh every available Ohio welcome bonus by dollar value, visit Best Ohio Sportsbook Promos: Ranked by Offer Value. Common questions about bonus bets, expiry timelines, and tax treatment are answered in the Ohio Sportsbook Promo Code FAQ: Bonus Bets, Taxes & Payouts.