BetMGM Bonus Code 'CVRBONUS1500': Make A $1.5K First Bet On Cavs vs Knicks Tonight

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

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Oct 22, 2025 • 16:15 ET • 3 min read
Use BetMGM bonus code CVRBONUS1500 for $1,500 First Bet on Cavaliers vs. Knicks 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 and New York Knicks tip off their NBA seasons Wednesday night in what promises to be an Eastern Conference showdown between two legitimate title contenders. New users can capitalize on this marquee matchup with the BetMGM bonus code CVRBONUS1500, which unlocks a $1,500 First Bet offer for Wednesday's season opener. This welcome promotion joins other competitive sportsbook promos available for October 22 NBA action.

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BetMGM bonus code CVRBONUS1500 delivers $1,500 First Bet for Cavaliers vs. Knicks

The BetMGM bonus code CVRBONUS1500 provides new customers with bonus bet protection up to $1,500 on their initial wager. After registering and making a minimum $10 deposit, users can place their first real money bet on any Cavaliers vs. Knicks market, including spreads, totals, or player props. If the qualifying wager loses, BetMGM returns the entire stake as bonus bets within 24 hours.

The bonus bet structure varies based on wager amount. Bets of $50 or more receive five separate bonus bets, each worth 20% of the original stake, while smaller wagers receive one bonus bet equal to the lost amount. For example, a losing $1,000 bet on Cleveland to cover the spread would generate five $200 bonus bets totaling the full $1,000. All bonus bets expire seven days after issuance and cannot be withdrawn directly.


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 Knicks


How to claim your BetMGM promo for Wednesday's NBA opener

Claiming the BetMGM welcome offer for Cavaliers vs. Knicks requires four simple steps. First, register a new account using bonus code CVRBONUS1500 and verify your identity with required documentation. Next, make an initial deposit of at least $10 using any accepted payment method. Then place your first real money wager on any betting market for Wednesday's game between Cleveland and New York. Finally, if your bet loses, receive bonus bets equal to your stake up to $1,500 within 24 hours.

This promotion 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, plus Washington D.C. and Puerto Rico. 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!
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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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