In the world of online sports betting, welcome offers are a great way to get started with a new sportsbook. Bet365 Sportsbook is no exception, offering two attractive welcome promotions for new customers in July 2024. Unlike some other top U.S. online betting sites that only have one promotion for new users, Bet365 gives you a choice.

First Bet Safety Net Promo

The first option is the "First Bet Safety Net" promo, where if your first bet loses, you'll receive the full amount (up to $1,000) in bonus bets. It's like a refund! This offer provides a safety net for new customers, allowing them to recoup their losses without affecting their overall betting experience.

Bet $5 Get $150 Promo

The second option is the "Bet $5 Get $150" offer that gives you $150 in bonus bets in the form of site credit after placing your first wager of at least $5. This promo allows new customers to get started with a significant amount of bonus funds, giving them more opportunities to win big.

How to Claim the Promos

To claim either of these welcome offers, follow these steps:

1. Register for Bet365 through a banner or link on this page (new users only).
2. If you're in the U.S., use the promo code FORBES.
3. If you're in Canada, please use the promo code FORBESCAN.
4. Deposit at least $10 and claim the offer within 30 days.

What to Look for in a Sports Betting Bonus

When considering a sportsbook promotion, 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: Many promotions are only available to new customers who haven't signed up for that specific sportsbook before, and there are often age and state requirements.
3. Wagering Requirements: To qualify for a promotion, your wager may need to meet certain criteria, such as minimum odds or amount.
4. Minimum Odds: A qualifying bet may have minimum odds to prevent customers from betting on heavy favorites (i.e., -200 or longer).
5. Validity Period: The amount of time that a bonus is valid for.
6. Maximum Win/Bonus Cap: Some bonuses cap the amount of money you can win with them to protect sportsbooks from losing too much money.
7. Bet Type Restrictions: Some promotions only allow certain bet types to be eligible for a promotion or prevent you from using your bonus on certain betting markets.

How We Evaluate Betting Promotions

At our website, 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 offer.
2. Offer format: Most sportsbooks offer a "bet & get" offer, where if you make a wager, you will receive bonus bets.
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: It's always better if the promotion doesn't stipulate a minimum or maximum odds for your qualifying wager.

Bet365 Sportsbook offers two attractive welcome promotions for new customers in July 2024, giving you a choice between a first bet safety net and a bet $5 get $150 offer. By understanding what to look for in a sports betting bonus and evaluating the offers based on our criteria, we believe that these promotions are consumer-friendly and worth taking advantage of.