BetMGM Bonus Code COVERS50: Get $50 MGM Reward Points + a $1.5K First Bet for Rousey vs Carano on Netflix

New users can claim one of two welcome offers with the BetMGM bonus code COVERS50 ahead of the Ronda Rousey vs. Gina Carano Netflix MVP MMA Special on Saturday, May 16. In most states, you can place a $1,500 First Bet and get your stake back in bonus bets if it loses, plus $50 in BetMGM Rewards Points instantly. New users in CO, MI, NJ, PA, and WV can instead Bet $10 and Get $150 in bonus bets if it wins, also with $50 in Rewards Points included. Both offers are among the top sportsbook promos available for this historic card.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: How the $1,500 First Bet and Bet $10, Get $150 Offers Work

The BetMGM bonus code COVERS50 unlocks one of two welcome offers depending on your state. In most eligible states, including AZ, IL, IN, MA, NC, and others, you can place a first bet of up to $1,500 on the Rousey vs. Carano main event or any other fight on the card. If that bet loses, BetMGM returns your full stake in bonus bets. Wagers over $50 are returned as five bonus bets each worth 20% of your stake, while wagers under $50 come back as a single bonus bet. For example, if you placed a $1,500 bet on Rousey to win and she lost, you would receive five $300 bonus bets totaling $1,500.

In CO, MI, NJ, PA, and WV, the offer works differently. Place a $10 minimum wager on the Rousey vs. Carano fight and if it wins, you receive $150 in bonus bets issued as three $50 bonus bets. Regardless of the outcome in either offer, you receive $50 in BetMGM Rewards Points the moment you sign up. Those points can be redeemed for bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, or Gametime Vouchers for live events. Key terms to keep in mind for both offers are listed below:

• Code COVERS50 is required at registration to activate either offer.
• A minimum deposit of $10 is required to qualify.
• Bonus bets expire seven days from issuance and cannot be withdrawn directly.
• Both offers expire at 11:59 p.m. ET on April 30, 2026.
• The offer is available to new users only who are not on any self-exclusion lists.

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How to Claim Your BetMGM Welcome Offer for Rousey vs. Carano on Netflix

Claiming your welcome bonus before the Rousey vs. Carano card on Saturday, May 16, is straightforward. Follow these steps to get started:

1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your name, address, email address, and driver's license ready to speed things up.
2. Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock either the welcome offer and to receive your $50 in BetMGM Rewards Points instantly.
3. Make a minimum deposit of $10 using any available payment method, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
4. Place your qualifying wager. In most states, bet up to $1,500 on any market for the Rousey vs. Carano card. In CO, MI, NJ, PA, or WV, place a $10 minimum bet on the fight and collect $150 in bonus bets if it wins.
5. If your first bet loses under the $1,500 First Bet offer, bonus bets are credited to your account automatically. If your $10 bet wins under the Bet $10, Get $150 offer, your $150 in bonus bets arrives as three $50 credits. Winning cash bets are withdrawable immediately, but bonus bets must be played through before any payout is available.

For a full breakdown of terms and what to expect from this sportsbook, read the BetMGM bonus review.