BetMGM Bonus Code 'CVRBONUS1500': Make A First Bet On Cavs-Celtics, Get Up To $1.5K Bonus Bets On A Loss

Use BetMGM bonus code CVRBONUS1500 for $1,500 First Bet on Cavaliers vs. Celtics on Wednesday. Get bonus bets back if your first wager loses.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Oct 29, 2025 • 16:10 ET • 3 min read
Use BetMGM bonus code CVRBONUS1500 for $1,500 First Bet on Cavaliers vs. Celtics Wednesday. Get bonus bets back if your first wager loses.
Photo By - Use BetMGM bonus code "CVRBONUS1500" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

The Cleveland Cavaliers will look to extend their winning streak to four games when they visit the Boston Celtics on Wednesday, October 29. New bettors can capitalize on this exciting matchup by using the BetMGM bonus code CVRBONUS1500 to claim a $1,500 First Bet offer. This promotion allows new users to place their first wager on the Cavaliers-Celtics game with confidence, knowing they'll receive bonus bets back if their initial bet doesn't win. With both teams showing different trajectories early in the season, this contest presents an excellent opportunity to explore various sportsbook promos while betting on compelling NBA action.

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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 first wager. After registering and making a minimum $10 deposit, users can place their first bet on any market, including the Cavaliers vs. Celtics game. If that initial wager loses, BetMGM returns the entire stake up to $1,500 in bonus bets.

The bonus bet structure depends on your wager amount. Bets over $50 are split into five separate bonus bets, each worth 20% of your original stake. For example, if you bet $1,000 on Donovan Mitchell to score over 30 points against Boston and lose, you'd receive five $200 bonus bets totaling $1,000. Wagers under $50 result in a single bonus bet matching your stake amount.

All bonus bets expire seven days after issuance and cannot be withdrawn directly. You must use each bonus bet on additional wagers, and only the winnings from successful bonus bets can be withdrawn. This structure encourages continued engagement while providing meaningful value for new users betting on games like Wednesday's Cavaliers-Celtics matchup.


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)

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BetMGM odds for Cavaliers vs Celtics


How to claim your BetMGM First Bet offer for Cavaliers vs. Celtics

Claiming this offer requires just a few simple steps before Wednesday's tip-off. First, register for a new BetMGM account using bonus code CVRBONUS1500 during the sign-up process. You'll need to provide personal information and verify your identity with a driver's license. Next, make your initial deposit of at least $10 using any accepted payment method.

Once your account is funded, place your first real money wager on any available market. Consider betting on the Cavaliers to continue their winning streak or on Jaylen Brown to bounce back from his early-season struggles. If your bet wins, you can withdraw your winnings immediately. If it loses, you'll receive bonus bets matching your stake up to $1,500 within 24 hours.

This offer is available to new customers in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, North Carolina, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, Washington D.C., and Puerto Rico. For complete terms and additional details, 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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