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 way to explore sportsbook promos while betting on conference battles and medal contention.
COVERS
BetMGM Bonus Code Delivers $1,500 Protection for College Hoops
The BetMGM bonus code COVERS unlocks substantial value for Monday's basketball and winter sports action. New customers receive their entire stake back in bonus bets if their first wager loses, up to $1,500 maximum. This protection applies to any betting market, whether you're backing a ranked college team fighting for tournament seeding or supporting an underdog looking to make a statement on their home floor.
The bonus structure varies based on your initial wager amount. Bets over $50 generate five separate bonus bets, each worth 20% of your qualifying stake, while smaller wagers receive one bonus bet equal to your loss. For example, a $1,000 losing bet on a college basketball spread would return five $200 bonus bets totaling your full stake.
Key terms include:
- Minimum $10 deposit required to activate the offer
- Bonus bets expire seven days after issuance
- Available to new users in eligible states including Arizona, Colorado, Illinois and others
- Winning first bets allow immediate withdrawal of profits
Whether you're targeting a high-scoring conference showdown or a defensive battle between bubble teams, this offer provides significant cushion for your Monday basketball predictions.
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 Betting Bonus
Getting started with Monday's college basketball and winter sports betting takes just a few simple steps:
- Register a new BetMGM account using bonus code COVERS during sign-up
- Complete identity verification with required documentation
- Make your initial deposit of at least $10 to activate the welcome offer
- Place your first real money wager on any Monday sporting event
- Receive bonus bets within 24 hours if your initial bet loses
Your bonus bets become available immediately after settlement and remain valid for seven days. Remember that bonus bet winnings exclude the stake amount, so only net profits transfer to your withdrawable balance. Read our comprehensive BetMGM bonus review for additional insights on maximizing this welcome offer.
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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