Bet 365 launched in Iowa on Monday, June 5th. Iowa becomes the fifth state to host the infamous Bet365 sportsbook, with many more states to add in the coming months.
The commemorate the exciting occasion Bet365 is offering new users $365 in free bets if they bet just one dollar! This is a great promotion with a lot of value, and is especially good for those of you who have a smaller bank roll!
This offer is also considerably better than what Bet365 is giving out in other states. For example, bet 365 is offering new users only $200 in free bets if they bet $1. These means those who sign up in Iowa are getting $165 more in free bets, that is great value!
Follow these steps and you can get the $365 in free bets guaranteed!
- Sign up and make an account with Bet365 Sportsbook (promo code not required)
- Verify Identity and location in Iowa
- Deposit $10 (Bet365 requires a minimum deposit of $10)
- Bet $1 on any game with odds longer than -500 (-200, +150, etc...)
- Recieve $365 in free bets once the game settles
Should I hedge my free bets for a risk free profit?
Now that you have your free bets, it is important to decide whether you are going to hedge, or bet against them, for a risk-free profit. Here at castaway betting, I always recommend hedging your free bets because it guarantees you make money! Sports gambling is hard, and you can easily waste your $365 in free bets on a silly game that you had no business betting, and that makes all of the effort of signing up and making an account not worth it.
Free bets can be hedged to cash for about 70% of their value, so this means that you can turn your $365 in free bets into a risk-free profit of $255! This seems like a no brainer to me, who doesn't want an extra $255 for doing absolutely nothing!
How does hedging my free bets result in risk free profit?
Hedging your free bets result in risk free profit because you are covering both outcomes of the game, so no matter what team wins, your bet hits and you win money! You always put your free bets on the side with longer who odds, so if your hedge loses you will guaranteed make more than it. if you want to learn more about hedging free bets, check out our matched betting guides.
Things to be aware before signing up for Bet365
- The bet $1, get $365 is only available to new customers, if you have a Bet365 account in another state you are not eligible
- The $1 wager must be on a bet with odds longer than -500 (-450, -250, +300, etc...)
- You must be physically located in the state of Iowa to wager and receive the promotion
- Your $365 in free bets will be voided after 90 days on no use, so make sure to use them up!
This offer from Bet365 is a great introductory offer for those who are just getting started in matched betting, or for those who are looking to get into matched betting but have smaller bank rolls. If you are interested in learning more about matched betting click here, or if you are an Iowa resident and want to learn more about sportsbook promotions in your state click here!
