Monday's college basketball slate and winter games competition offer prime betting opportunities with the BetMGM bonus code COVERS. New users can claim a $1,500 First Bet to wager on Feb. 16 action across hardwood and ice.
This welcome offer provides bonus bets back if your initial wager loses, making it an ideal time to explore sportsbook promos for Monday's compelling matchups.
COVERS
BetMGM Bonus Code Details for $1,500 College Basketball Betting
The BetMGM bonus code COVERS unlocks a substantial welcome offer for new customers looking to bet on Monday's college basketball conference battles and winter sports action. This promotion requires a minimum $10 deposit and allows you to place your first real money wager on any available market, including point spreads, totals, or moneylines for the day's games. If your initial bet wins, you keep all winnings and can withdraw them immediately.
However, if your first wager loses, BetMGM returns your entire stake up to $1,500 in bonus bets. The structure varies based on your bet amount: wagers over $50 receive five separate bonus bets worth 20% each of your original stake, while smaller bets receive one bonus bet equal to your loss. For example, if you bet $1,000 on a college basketball underdog that fails to cover and loses, you would receive five $200 bonus bets totaling your original $1,000 stake.
Key terms include:
- Bonus bets expire after seven days
- Available in eligible states including AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY, DC, and PR
- Bonus bet winnings do not include the stake amount
- Must use promo code COVERS during registration
Check if you can use our BetMGM bonus code in your state
| BetMGM Bonus Code | Eligible States |
| COVERS | AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR) |
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How to Claim Your Winter Games and College Hoops Betting Offer
Getting started with your BetMGM welcome offer for Monday's college basketball and winter games action follows a straightforward process:
- Register a new BetMGM account using bonus code COVERS and provide required personal information for identity verification
- Make your initial deposit of at least $10 using any accepted payment method
- Place your first real money wager on college basketball games, winter sports events, or any other available market
- If your bet wins, withdraw winnings immediately; if it loses, receive bonus bets within 24 hours
- Use bonus bets within seven days on additional college hoops or winter sports wagering opportunities
This offer provides excellent value for exploring Monday's diverse betting menu across multiple sports. Read our comprehensive BetMGM bonus review for additional insights on maximizing your welcome offer experience.
More BetMGM Sportsbook promos, bonuses, and offers
- Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.
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