BetMGM Bonus Code COVERS: Make $1,500 First Bet on Rockets vs. Thunder, Get Bonus Bets Back if it Loses

Use BetMGM bonus code COVERS for up to $1,500 back in bonus bets on Rockets vs. Thunder Saturday. New users only in eligible states.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Feb 7, 2026 • 12:10 ET • 3 min read

New users can claim a BetMGM bonus code offer worth up to $1,500 when betting on Saturday's Western Conference showdown between the Houston Rockets and Oklahoma City Thunder. The promotion requires bonus code COVERS and returns your stake in bonus bets if your first wager loses.

This welcome offer is available through Feb. 7 for new customers looking to explore sportsbook promos.

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$1,500 First Bets
COVERS

BetMGM Bonus Code Details for $1,500 First Bet Offer

The BetMGM bonus code COVERS unlocks a first bet offer that provides bonus bets equal to your initial stake if that wager loses, up to $1,500. This promotion applies to any sports market, making it perfect for Saturday's clash between the 31-19 Rockets and the 40-12 Thunder. New users must make a minimum $10 deposit and place a qualifying real money wager to activate this welcome bonus.

The bonus bet structure varies based on your initial wager amount. If you bet $50 or less on the Rockets vs. Thunder game and lose, you receive one bonus bet equal to your stake. Wagers exceeding $50 result in five separate bonus bets, each worth 20% of your qualifying bet amount. For example, a losing $1,000 wager on Oklahoma City to cover the spread would generate five $200 bonus bets totaling $1,000.

Key terms include:

  • Bonus bets expire seven days after issuance
  • Available in AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY, DC, and PR
  • Minimum $10 deposit required
  • Bonus bet stakes are not returned with winnings

If your first bet on Houston to upset the Western Conference leaders wins, you keep your winnings and can withdraw them immediately. However, if the Thunder prevail and your Rockets bet loses, you receive bonus bets to continue wagering on future games.


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)

Best BetMGM Boosts Today

BetMGM All Users

  • Hat Trick Jackpot: Win a share of $10K in bonus bets if your anytime goal scorer bet scores 3+ goals
  • Get a no sweat bet for the Big Game - stake back in bonus bets if you lose
  • Get a Big Game boost pack: (1) odds boost for any bet, (1) anytime TD boost & (1) SGP boost
  • Get your stake back in bonus bets if your 1st TD bet scores the 2nd TD of the game

BetMGM odds for Rockets vs Thunder


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How to Claim BetMGM Promo for Rockets vs. Thunder

Follow these steps to secure your welcome bonus before Saturday's tip-off:

  1. Register a new BetMGM account using bonus code COVERS
  2. Complete identity verification with required documentation
  3. Make an initial deposit of at least $10
  4. Place your first real money wager on Rockets vs. Thunder or any available market
  5. Receive bonus bets within 24 hours if your initial wager loses

Read our comprehensive BetMGM bonus review for additional insights on this sportsbook's features and betting options.


More BetMGM Sportsbook promos, bonuses, and offers

  • 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.

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.

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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.

When he’s not making data-driven betting decisions or breaking down NHL matchups, you’ll find Luc on the ice, hitting the tennis courts, or engaging in some other form of exercise — staying connected to the sports he loves.

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