The round of 32 is officially here and college basketball fans can raise the bar on the games with bet365 bonus code WEEK365. This new promo provides players with a choice between two bonuses. Grab a $150 guaranteed bonus on any game with a $5 bet or lock in a $1,000 safety net bet. New users can apply these offers to a wide range of markets.With that said, we expect to see a ton of interest in college basketball this weekend. New players will have 16 total NCAA Tournament games to choose from on Saturday and Sunday. There are great matchups on Saturday, including St. John's-Arkansas, Houston-Gonzaga and Tennessee-UCLA. Don't miss out on the chance to hit the ground running with this promo.bet365 Bonus Code WEEK365: Claim $150 Bonus or $1,000 Safety NetWhile most sportsbooks will set up players with one type of sign-up bonus, this bet365 promo provides options. On one hand, players can keep things simple with a $5 bet on the NCAA Tournament. This will trigger a $150 bonus no matter what happens in the selected game.The other option is a $1,000 safety net bet. Set up a new account and start with a cash wager on any game. bet365 Sportsbook will back up any losses on that first bet up to $1,000. For example, someone who loses on a $500 wager will receive $500 in bonuses.While the NCAA Tournament is going to take center stage on Saturday and Sunday, it's worth noting that this promo applies to other sports. Start winning with bets on the NBA, NHL, tennis, golf, UFC and more.Getting Started With bet365 Bonus Code WEEK365It's important to note that this offer is only available for first-time depositors on bet365 Sportsbook. Set up a new account by filling in the required prompts and verifying your identity. Next, deposit cash using online banking, PayPal, credit card, debit card or any other available payment method.At this point, new users are ready to choose between the $150 bonus or a $1,000 safety net bet. Place a $5 bet on any game to collect the $150 bonus or go bigger with the $1,000 safety net bet. Remember, a loss on that safety net bet will trigger a refund of up to $1,000 in bonuses.Other Options for the NCAA Tournament This WeekendThe $150 bonus and $1,000 safety net bet are great places to start, but there are plenty of additional ways to bet on college basketball at bet365 this weekend. There are tons of bet boosts available on the games. Not to mention, there is an early payout special for college basketball moneyline bettors.Opt into this offer and place a moneyline wager on any college basketball team. If the selected team takes a lead of 15 points or more, that bet wins instantly. This is one way for players to avoid a bad beat on a late comeback. We know that March is the most unpredictable time in college basketball and this early payout special can help bettors shift the balance.Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.