You can officially place online sports wagers in North Carolina and you can use the bet365 NC bonus code TOPACTION to pick between a guaranteed $200 in bonus bets or a $1K first bet safety net for Monday's slate of action.

You can also use the bet365 bonus code TOPACTION for the same choice in nine other states, except the bet/get offer is for $150 instead of $200.

I'll break down how these offers will work plus explain the best route to utilizing bonus bets once you have secured them.

bet365 NC Bonus Code, Explained

The bet/get for $200 in North Carolina and $150 in other states will be activated as soon as you place a first wager of $5 or more after entering the bet365 NC bonus code TOPACTION.

If you decide to go with the first bet on the house, you can place a first bet of up to $1K and have it insured by bet365 in bonus value. So if I wanted to place a $50 first bet and lost, I would have $50 in bonus bets. If I wanted to place $763 as my first bet and lost, I would have $763 in bonus bets.

Any of these offers must be used on a bet that has -500 odds or longer.

bet365 Sportsbook bonus bets can be used in any increments. They expire in seven days, so it's best to use them right away after earning them from the promo.

You should always use bonus bets on a plus-money play. We like underdogs, but you can make a same game parlay or pick a longshot player prop to find the right value.

As much as you might think you're securing a return with a favorite, the spread or total, it is mathematically impossible to get better expected value this way.

For instance, if I took Sebastian Aho to score against the Rangers at +160 odds in Tuesday's game in Raleigh, I would net $160 in real money with $100 in bonus bets at stake. The $100 in bonus bets are gone, however.

bet365's Terms & Conditions

Here are the important points to know about this offer:

States available: Arizona, Colorado, Indiana, Iowa,聽Kentucky,聽Louisiana,聽New Jersey, North CarolinaOhio,聽and聽VirginiaYou'll get the bonus bets about one hour after your first bet settles.Make your first bet within 30 days of account creationIf you're inactive for 90 days, your account will be closed.You can't bet on both sides of the same game to lock in a profit.

Must be 21+ and present in North Carolina. Full T&C apply. Gambling problem? Call 877-718-5543 or visit morethanagame.nc.gov

New players only, 21+ (18+ in KY). Gambling Problem? Call 1-800-GAMBLER. Available in AZ, NJ, IA, CO, KY, IN, LA, OH, VA, only. Place a qualifying bet of up to $1000 to be eligible for a matched refund in Bonus Bets if your qualifying bet loses. A deposit (minimum $10) is required to participate in this offer. T&Cs, time limits and exclusions apply.

Bet $5 and Get $150 in Bonus Bets at bet365. Deposit required. Bet Credits wager excluded from returns. T&Cs, time limits and exclusions apply.