Use BetMGM Bonus Code 'CVRBONUS1500' To Get $1.5 Bonus Bets Back If Your First Bet On The NBA Or NHL Loses

Use BetMGM bonus code CVRBONUS1500 for $1,500 First Bet on NBA season openers and NHL games Wednesday. Get bonus bets back if your first bet loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Oct 22, 2025 • 14:27 ET • 3 min read
Use BetMGM bonus code CVRBONUS1500 for $1,500 First Bet on NBA season openers and NHL games Wednesday. Get bonus bets back if your first bet loses.
Photo By - Use BetMGM bonus code "CVRBONUS1500" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

Tonight's action-packed slate features NBA season openers and exciting NHL matchups, making it the perfect time to claim the BetMGM bonus code offer. New users can secure up to $1,500 in bonus bets if their first wager doesn't win on Wednesday, October 22. The Cavaliers visit the Knicks, 76ers face the Celtics, and Spurs take on the Mavericks in NBA season openers, while the NHL features Wild at Devils, Red Wings at Sabres, and Canadiens at Flames. These compelling matchups offer numerous betting opportunities for those looking to explore sportsbook promos.

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$1,500 First Bet
CVRBONUS1500

BetMGM bonus code CVRBONUS1500 delivers $1,500 First Bet protection

The BetMGM bonus code CVRBONUS1500 provides new customers with substantial protection on their initial wager. After making a minimum $10 deposit and placing your first bet, you'll receive your stake back in bonus bets if the wager loses, up to $1,500. For example, if you bet $500 on the Cavaliers to cover the spread against the Knicks and they fall short, BetMGM will credit your account with $500 in bonus bets.

The bonus bet structure varies based on your wager amount. Bets over $50 are divided into five equal bonus bets, each worth 20% of your original stake, while smaller wagers receive one bonus bet equal to the full amount. All bonus bets expire after seven days and cannot be withdrawn directly. You must use each bonus bet on additional wagers, with only the winnings from successful bonus bets available for withdrawal.


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 "COVERS1500" AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)

How to claim your BetMGM First Bet offer for Wednesday's games

Claiming this offer requires just a few simple steps to start betting on Wednesday's NBA and NHL action. First, register for a new BetMGM account using bonus code CVRBONUS1500 during the sign-up process. Next, make your initial deposit of at least $10 using any accepted payment method. Finally, place your first real money wager on any available market, such as the Spurs-Mavericks game featuring rookie Cooper Flagg's NBA debut or Dylan Larkin's red-hot Red Wings visiting Buffalo.

Remember that no additional code entry is needed after registration since you've already used CVRBONUS1500 during account creation. Your bonus bets will be automatically credited within hours if your first wager loses. For complete terms and additional details about this welcome offer, check out our comprehensive BetMGM bonus review.


More sportsbook promos, bonuses, and offers from BetMGM

  • 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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