How to Bet on Hockey
Bet365 NHL Betting: Bet $5 Get $150 or Up to $1,000 Back
Bet365 gives new US customers two welcome options: deposit $10 or more, wager $5 on any market, and receive $150 in bonus bets win or lose — or take up to $1,000 back on a first losing wager. Promo code CBSBET365 activates the offer at sign-up. You pick which deal you want at registration; you cannot switch later.
What Does the Bet365 NHL Welcome Offer Actually Give You?
The "$5, Get $150" path is straightforward. Place a $5 wager on any market — an NHL moneyline, a puck line ±1.5 bet, anything — and $150 in bonus bets land in your account regardless of the result. The bonus bets are not cash. They carry their own terms and cannot be withdrawn directly, so read the fine print before depositing.
The up-to-$1,000 first-bet insurance path suits bettors who want to open with a larger stake. If that first wager loses, the site returns the amount up to $1,000 in bonus bets. If it wins, you keep the winnings and no insurance kicks in. Either way, Bet365 is one of the more flexible welcome structures among licensed US books.
Is Bet365 Legal for NHL Betting in Your State?
Bet365 operates in a growing number of legal US states. Check where online hockey betting is currently legal before creating an account — availability and minimum age (21+ in most states, 18+ in a few) vary by state law. Must be 21+ in most states. Gambling problem? Call 1-800-GAMBLER.
NHL Markets at Bet365
Bet365 posts the core slate every NHL bettor needs: moneylines, puck lines, and game totals. For a breakdown of how each wager works, the NHL bet types guide covers all of them. If you want to compare Bet365 against the full licensed field, the best NHL betting sites rankings stack every major book side by side.
How Bet365 Compares on the Welcome Offer
| Sportsbook | Offer Type | Promo Code | Bonus Bet Value |
|---|---|---|---|
| Bet365 | Bet $5 Get $150 OR up to $1,000 back | CBSBET365 | $150 guaranteed / up to $1,000 insurance |
| BetMGM | Bet $5 Get $150 | — | $150 in bonus bets |
| FanDuel | Bet Insurance | CBSFAN | Up to $2,000 |
The Bet365 dual-path structure is the differentiator. A bettor confident in a short-odds NHL moneyline might prefer the insurance route and open with a larger wager. A cautious newcomer who just wants guaranteed bonus bets takes the $5/$150 path. BetMGM's NHL offer is structurally simpler but locks you into a single approach.
Getting Started at Bet365 for NHL Betting
- Confirm your state has legal online sports betting.
- Visit Bet365, enter promo code CBSBET365, and select your preferred welcome offer.
- Provide name, email, phone number, and identity verification documents — required by every licensed US sportsbook.
- Deposit $10 or more. Note that deposited funds go through an approval process before wagering is available, so don't wait until puck drop.
- Place your qualifying $5+ wager on any NHL market.
Brush up on how to read NHL odds in American format before placing that first bet. Understanding implied probability and vig makes it easier to spot whether a line represents value or just noise. And if live wagering interests you, in-game NHL betting moves fast — knowing the basics first saves money.