Saturday's basketball lineup features three compelling matchups perfect for new bettors to claim the BetMGM bonus code offer. New users can secure up to $1,500 in bonus bets using promo code COVERS when wagering on Saturday's action. The slate includes Houston facing Arizona in college basketball, North Carolina taking on Syracuse, and the NBA showdown between the Rockets and Knicks.
This welcome offer remains available through Feb. 21, giving bettors access to premium sportsbook promos for these high-stakes games.
COVERS
BetMGM Bonus Code Details for Saturday's Basketball Action
The BetMGM bonus code COVERS delivers substantial value for Saturday's basketball slate. New customers receive their entire stake back in bonus bets, up to $1,500, if their first wager loses. This protection applies perfectly to any of Saturday's three featured games, whether you're backing Houston as a 2-seed against 4-seed Arizona, supporting North Carolina's recent dominance over Syracuse, or choosing sides in the Rockets-Knicks NBA clash.
The bonus structure varies based on your initial wager amount. Stakes under $50 result in a single bonus bet equal to your original wager if it loses. Larger bets over $50 are divided into five separate bonus bets, each worth 20% of your qualifying stake. For example, a $1,000 losing bet on the Houston-Arizona college basketball game would return five $200 bonus bets, totaling the full $1,000 protection.
Key terms include:
- Minimum $10 deposit required to activate the offer
- Bonus bets expire seven days after issuance
- Available to new users in eligible states including NY, PA, MI, and others
- Winning first bets result in immediate cash payouts
Consider the Rockets-Knicks matchup, where New York has historically dominated but Houston has shown recent improvement. A winning $500 bet on either team delivers immediate cash winnings, while a loss returns $500 in bonus betting credits to continue your Saturday action.
Saturday, February 21 - Key Basketball Matchups
- (12) Florida vs. Ole Miss - 12:00 PM ET (ESPN)
- (1) Michigan vs. (3) Duke - 6:30 PM ET (ESPN)
- (6) Iowa State vs. (23) BYU - 10:30 PM ET (ESPN)
- Magic vs. Suns - 5:00 PM ET (NBA TV)
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) |
All Users
BetMGM odds for Rockets vs Knicks
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How to Claim Your $1,500 First Bet for Saturday's Games
Claiming your welcome bonus for Saturday's basketball action requires just a few straightforward steps:
- Register a new BetMGM account using bonus code COVERS during the sign-up process
- Complete identity verification by providing required documentation
- Make your initial deposit of at least $10 to activate the welcome offer
- Place your first real money wager on any of Saturday's featured games
- Receive bonus bets equal to your stake (up to $1,500) if your first bet loses
Your bonus bets become available immediately after a losing first wager and remain valid for seven days. These credits can be used on any available betting market, giving you multiple opportunities to profit from Saturday's remaining games. Read our comprehensive BetMGM bonus review for additional insights into this welcome offer.
More BetMGM Sportsbook promos, bonuses, and offers
- Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.
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