BetMGM Bonus Code 'COVERS': Make A $1,500 First Bet On The Orange Bowl

Use BetMGM bonus code COVERS for $1,500 First Bet on CFP Orange Bowl - Oregon vs Texas Tech. Get bonus bets back if your first wager loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 1, 2026 • 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 Orange Bowl between No. 5 Oregon and No. 4 Texas Tech on Thursday, January 1 promises to be an explosive semifinal matchup. New BetMGM users can claim a BetMGM bonus code offer worth up to $1,500 First Bet using code "COVERS" when wagering on this pivotal game. This welcome offer joins other competitive sportsbook promos available for Thursday's action in Miami Gardens.

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$1,500 First Bet
COVERS

BetMGM bonus code COVERS delivers $1,500 First Bet for Orange Bowl

The BetMGM bonus code "COVERS" unlocks a $1,500 First Bet offer for new users betting on Oregon vs Texas Tech. If your initial wager loses, BetMGM returns your stake as bonus bets up to $1,500. For example, if you bet $1,000 on Oregon to cover the spread and they fall short, you'll receive five bonus bets worth $200 each, totaling your original stake.

Key terms include:

  • Minimum $10 deposit required to activate the offer
  • Bonus bets expire seven days after issuance
  • Wagers over $50 receive five separate bonus bets worth 20% each
  • Available in 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

If you win your first bet on Texas Tech's defense to contain Dante Moore's explosive Oregon offense, you keep your winnings and can withdraw immediately. The Red Raiders have held opponents to 20 points or fewer in all 12 victories this season.


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)

BetMGM odds for Oregon vs Texas Tech


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How to claim your BetMGM Orange Bowl betting offer

Follow these steps to claim your BetMGM welcome offer for Thursday's College Football Playoff semifinal:

  1. Register a new BetMGM account using bonus code "COVERS"
  2. Make a minimum deposit of $10 to your account
  3. Place your first real money wager on Oregon vs Texas Tech or any available market
  4. If your bet wins, withdraw your profits immediately
  5. If your bet loses, receive bonus bets equal to your stake up to $1,500

The bonus bets must be used within seven days and cannot be withdrawn as cash. Read our comprehensive BetMGM bonus review for additional details on terms and conditions.


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.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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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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