BetMGM Bonus Code COVERS: Up to $1.5K in Bonus Bets for Grizzlies vs. Thunder

Use BetMGM bonus code COVERS for $1,500 First Bet on Grizzlies vs Thunder Monday. Get bonus bets back if your first wager loses.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Dec 22, 2025 • 18:15 ET • 3 min read
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

The Memphis Grizzlies face the Oklahoma City Thunder on Monday, December 22, in what promises to be an exciting Western Conference matchup. New users can capitalize on this high-stakes game with the BetMGM bonus code COVERS to unlock a $1,500 First Bet offer. This welcome promotion allows bettors to wager on the Grizzlies-Thunder showdown with added confidence, knowing they'll receive bonus bets back if their initial wager doesn't win.

With the Thunder entering as heavy favorites despite recent struggles and Memphis fighting to maintain their playoff position, this Monday night clash offers plenty of betting opportunities alongside top-tier sportsbook promos.

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$1,500 First Bet
COVERS

BetMGM bonus code COVERS delivers $1,500 First Bet for Thunder vs Grizzlies

The BetMGM bonus code provides new customers with protection on their first real money wager up to $1,500. After registering and making a minimum deposit of $10, users can place their initial bet on any market for the Grizzlies vs. Thunder game. If that first wager loses, BetMGM returns the entire stake as bonus bets, giving bettors a second chance to profit from this Western Conference battle.

The bonus bet structure varies based on wager size. 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 $1,000 losing bet on the Thunder to cover the spread would result in five $200 bonus bets. All bonus bets expire seven days after issuance and cannot be withdrawn directly, requiring use on additional wagers to unlock potential winnings.


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)

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BetMGM odds for Grizzlies vs Thunder


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How to claim your BetMGM promo for Monday's NBA action

Claiming this offer for the Grizzlies vs Thunder matchup requires just a few simple steps.

  1. First, register for a new BetMGM account using bonus code COVERS and provide the required verification documents.
  2. Next, make a minimum $10 deposit to activate your account for real money betting.
  3. Then place your first wager on any market related to Monday's game, whether backing Shai Gilgeous-Alexander's scoring props or betting the total points.
  4. If your initial bet wins, you keep all winnings immediately, but if it loses, you'll receive bonus bets equal to your stake up to $1,500.

This promotion is available to new customers in eligible states including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming, plus Washington D.C. and Puerto Rico.

Read our comprehensive BetMGM bonus review for additional details about 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!
  • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and more.

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Luc LeBlanc
Content Editor

Luc has been keeping up with various realms of the sports world since a young age, playing an abundance of competitive sports as a child, and is still going strong as a hockey player to this day. Having been involved with sports media and the sports betting world for two years and graduating from university in 2025, he ultimately chose to pursue a career in sports media.Luc has over five years of experience in sports betting across a wide range of professional sports and has been providing valuable insights since debuting in the field as a sports betting expert with various publications in 2023. He has a wide base of sports knowledge, though his favorites are undoubtedly hockey and tennis – always staying up to date with the NHL and following the ATP and WTA tours.When betting, Luc always does his due diligence, analyzing trends and finding value by recognizing and linking valuable props to other probable outcomes.

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