BetMGM Bonus Code COVERS50: Claim $1,500 Bonus Bets for Spurs vs. Thunder, NBA Playoff Games

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: May 26, 2026 , 04:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for up to $1,500 back on your first bet or Bet $10, Get $150 for Spurs vs. Thunder Game 5.

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

New users can use the BetMGM bonus code COVERS50 to claim one of two welcome offers ahead of Spurs vs. Thunder Game 5 on Tuesday, May 27. Depending on your state, you can get up to $1,500 back in bonus bets if your first wager loses, or Bet $10, Get $150 in bonus bets if your first bet wins. Either way, all new users receive $50 in BetMGM Rewards Points instantly.

Check out all available sportsbook promos before locking in your pick for this pivotal Western Conference finals clash.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code COVERS50: Up to $1,500 Back for Game 5

The BetMGM bonus code COVERS50 unlocks one of two welcome offers depending on the state where you are registering. In most eligible states, including AZ, IL, IN, KY, MA, MD, NC, OH, TN, and VA, new users receive a First Bet offer worth up to $1,500 back in bonus bets if their opening wager loses. In CO, MI, NJ, PA, and WV, the offer shifts to Bet $10, Get $150 in bonus bets if that first wager wins. No matter which offer applies to you, entering code COVERS50 at registration also delivers $50 in BetMGM Rewards Points instantly to your account.

For the First Bet offer, if you place a $1,500 wager on, say, the Thunder to win Game 5 and they fall short, BetMGM returns your entire stake as bonus bets. Wagers above $50 are returned as five bonus bets, each worth 20% of your original stake. A $1,500 loss, for example, would yield five $300 bonus bets totaling $1,500. A wager of $50 or less returns as a single bonus bet. For the Bet $10, Get $150 offer, if you place a $10 bet on the Spurs to cover the spread and it wins, you receive your cash winnings plus $150 issued as three $50 bonus bets. Regardless of outcome under this offer, you still collect the $50 in Rewards Points.

Key terms to keep in mind for both offers include the following:

  • A minimum $10 deposit is required to activate either welcome offer.
  • Bonus bets expire seven days from issuance and cannot be withdrawn directly.
  • BetMGM does not return your stake when you use bonus bets to place a wager.
  • Both offers must be claimed by April 30, 2026, at 11:59 p.m. ET.
  • Users on any self-exclusion list are not eligible to participate.

The $50 in BetMGM Rewards Points you receive instantly are part of the BetMGM Rewards program, which lets you convert points into a range of benefits. Those include bonus credits for digital play at BetMGM, MGM Rewards Points usable at MGM properties, Marriott Bonvoy Points, branded merchandise, and Gametime Vouchers for live event experiences.

You can learn more about the program at the BetMGM Rewards page.

Covers expert Jason Logan has made his Spurs vs. Thunder predictions, and he expects the Spurs to take advantage of OKC's backcourt injuries in a pivotal Game 5.

Try the boost on JLo's Spurs vs. Thunder Game 5 picks!

  • SA +5.5
  • Stephon Castle o4.5 Total Rebounds
  • Victor Wembanyama o1.5 3-Pointers Made

Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 COVERS50 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)
COVERSBONUS MI, NJ, PA, WV

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How to Claim Your BetMGM Welcome Offer for Spurs vs. Thunder Game 5

Follow these steps to sign up with BetMGM and get your welcome offer in place before tip-off in Game 5 of the Western Conference finals:

  1. Download the app: Grab the BetMGM app from the App Store or Google Play and explore the interface, banking options, and available markets before registering.
  2. Register your account: Click through to BetMGM and begin the sign-up process. Have your name, address, email address, and driver's license ready to speed things up.
  3. Enter the promo code: Input BetMGM bonus code COVERS50 during registration. Skipping this step will void the welcome offer and the $50 Rewards Points from your account.
  4. Make a deposit: Fund your account with at least $10 using a payment method of your choice, including Visa, Mastercard, PayPal, Skrill, Play+, or bank transfer.
  5. Place your first bet: Wager on any Game 5 market, such as the moneyline, point spread, or a player prop on Victor Wembanyama or Shai Gilgeous-Alexander. In most states, if your bet loses, you get up to $1,500 back in bonus bets. In CO, MI, NJ, PA, and WV, if your $10 bet wins, you receive $150 in bonus bets.
  6. Collect your Rewards Points: Your $50 in BetMGM Rewards Points will be credited to your account immediately after signing up with code COVERS50, regardless of how your first bet turns out.

For a full breakdown of what BetMGM offers new users, visit the BetMGM bonus review.


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.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

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