The New York Knicks and Orlando Magic clash Saturday in the NBA Cup semifinals, with both Eastern Conference powerhouses bringing momentum into this winner-take-all showdown in Las Vegas. New users can capitalise on this marquee matchup with the BetMGM bonus code COVERS to unlock a $1,500 First Bet offer.
This welcome promotion joins other competitive sportsbook promos available for Saturday's semifinal action.
COVERS
BetMGM bonus code COVERS delivers $1,500 First Bet protection
The BetMGM bonus code provides new customers with substantial protection on their initial wager. After registering and making a minimum $10 deposit, users can place their first bet on any market, including the Knicks vs Magic semifinal. If the initial wager loses, BetMGM returns the stake, up to $1,500, as bonus bets.
The bonus bet structure varies based on wager size. Bets over $50 receive five separate bonus bets, each worth 20% of the original stake. For example, a losing $1,000 bet on the Knicks to win would generate five $200 bonus bets. Smaller wagers under $50 receive one bonus bet equal to the original stake amount. All bonus bets expire after seven days and cannot be withdrawn directly.
Consider this scenario: You bet $500 on Paolo Banchero to score over 18.5 points against New York. If he falls short and your bet loses, you receive five $100 bonus bets to use on future markets. However, if Banchero exceeds expectations and your bet wins, you keep the full payout with no bonus bets awarded.
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) |
BetMGM odds for Knicks vs Magic
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How to claim your BetMGM welcome offer for NBA Cup action
Claiming this promotion requires following specific steps before Saturday's 4:30 p.m. ET tipoff.
- First, click the registration link and use BetMGM bonus code COVERS during account creation.
- Provide the required personal information and verify your identity with a driver's license.
- Next, make an initial deposit of at least $10 using one of the available payment methods.
- Once funded, place your first real money wager on any available market.
- Popular options for this semifinal include the point spread, total points, or player props, such as Jalen Brunson's assist total.
- Remember that winning your first bet means keeping the full payout, while losing triggers the bonus bet protection up to $1,500.
New customers can explore additional details about terms and conditions in 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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