In the world of sports betting, new customers are often treated to special offers and promotions that can enhance their first-time experience. Among the many online sportsbooks available, Bet365 stands out with two advantageous welcome offers for new customers in July 2024.

Bet365 "First Bet Safety Net" Promo

For new customers who register through a banner or link on this page (new users only), Bet365 offers a "First Bet Safety Net" promo. This promotion provides a safety net of up to $1,000 if your first bet loses. You'll receive the full amount in bonus bets in the form of site credit.

To qualify for this offer:

• Register through a banner or link on this page (new users only)
• If you're in the U.S., use the promo code FORBES
• If you're in Canada, please use the promo code FORBESCAN
• Deposit at least $10 and claim the offer within 30 days
• Your first wager must be a straight bet (moneyline, spread, over/under, etc.), parlay or same-game parlay

Bet365 "Bet $5 Get $150" Promo

Another option for new customers is the "Bet $5 Get $150" offer. With this promotion, you'll receive $150 in bonus bets in the form of site credit after placing your first wager of at least $5.

To qualify for this offer:

• Register through a banner or link on this page (new users only)
• Use the promo code FORBES (if you're in the U.S.) or FORBESCAN (if you're in Canada)
• Deposit at least $10 and claim the offer within 30 days
• Place your first bet of at least $5 (min. -500 odds)

What to Look for in a Sports Betting Bonus

When evaluating sports betting bonuses, there are several key factors to consider:

1. Bonus Type: Most new-user bonuses either offer bonus bets for wagering a small amount or refund your first wager if it loses.
2. Eligibility: Check the eligibility criteria, including age and state requirements.
3. Wagering Requirements: Ensure you understand any minimum bet amounts or odds thresholds required to qualify.
4. Minimum Odds: Verify if there are minimum odds restrictions to prevent betting on heavy favorites.
5. Validity Period: Note the amount of time that a bonus is valid for, as bonuses will be forfeited if your account remains inactive for over 90 days.
6. Maximum Win/Bonus Cap: Check if there's a cap on the amount you can win with the bonus to prevent sportsbooks from losing too much money.

How We Evaluate Betting Promotions

We evaluate sports betting promotional offers based on the following criteria:

1. Size of offer: The size of the offer is important, but it depends on the type of the offer.
2. Offer format: Most sportsbooks offer a "bet & get" offer or a free bet where you can receive a refund in the form of site credit if your first wager loses.
3. Time to receive site credit: It's better if you receive your site credit immediately rather than having to wait 2-3 days.
4. Odds requirement: Avoid offers with minimum or maximum odds requirements.

Bet365's two welcome offers provide new customers with a great opportunity to enhance their first-time experience. Remember, these offers are one-time deals and should be claimed carefully.