BetMGM Bonus Code 'COVERS': Get Up To $1.5K Bonus Bets Back If Your Miami-Texas A&M Bet Loses

Use BetMGM bonus code COVERS for $1,500 First Bet on CFP First Round Miami vs Texas A&M. Get bonus bets back if your first wager loses Saturday.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Dec 20, 2025 • 09:05 ET • 3 min read
Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

The College Football Playoff First Round brings together two programs making their playoff debuts, with Miami traveling to face Texas A&M on Saturday, December 20. New bettors can capitalize on this historic matchup by using the BetMGM bonus code COVERS to claim a $1,500 First Bet offer. This welcome promotion joins the growing list of sportsbook promos available for the playoff action, giving you bonus bets back if your initial wager on the Aggies-Hurricanes showdown doesn't win.

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BetMGM bonus code COVERS delivers $1,500 First Bet for Miami vs Texas A&M

The BetMGM bonus code COVERS unlocks a substantial welcome offer for new users betting on Saturday's CFP First Round clash. After registering and making a minimum $10 deposit, your first real-money wager is protected up to $1,500. If your bet on Miami or Texas A&M loses, BetMGM returns your stake in bonus bets rather than cash.

The bonus bet structure depends on your wager amount. Bets of $50 or more receive five separate bonus bets, each worth 20% of your original stake. For example, a losing $1,000 bet on Texas A&M to cover the spread would return five $200 bonus bets totaling $1,000. Smaller wagers under $50 receive one bonus bet equal to your stake. All bonus bets expire seven days after issuance and cannot be withdrawn directly.

Consider the playoff implications when placing your first bet. Texas A&M enters as the No. 7 seed with an 11-1 record, while Miami earned the No. 10 seed at 10-2. The winner advances to face Ohio State in the Cotton Bowl on New Year's Eve, making this a high-stakes debut for both programs.


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 BetMGM First Bet offer for CFP action

Claiming your BetMGM welcome bonus for Saturday's Miami vs Texas A&M game requires four simple steps. First, register for a new BetMGM account using bonus code COVERS during the sign-up process. You'll need personal information and identification for verification purposes.

  1. Register with BetMGM using bonus code COVERS
  2. Make a minimum $10 deposit to your new account
  3. Place your first real money wager on any market, including the CFP First Round.
  4. Receive bonus bets up to $1,500 if your initial bet loses

Your first wager can target any aspect of the Texas A&M-Miami matchup, from the point spread to player props. Remember that winning your first bet means you keep your winnings and stake, while a loss triggers the bonus bet protection. For more details about terms and conditions, check out our comprehensive BetMGM bonus review.


More BetMGM Sportsbook promos, bonuses, and offers from

  • Get A Second Chance On First TD Bets: Get your Stake back if your First TD Scorer pick scores the second TD instead!
  • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.

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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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