BetMGM Bonus Code COVERS: Grab $1,500 Bonus Bets for Timberwolves vs. Grizzlies

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

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Jan 31, 2026 • 16:15 ET • 3 min read

New users can claim a BetMGM bonus code offer worth up to $1,500 when betting on Saturday's matchup between the Minnesota Timberwolves and Memphis Grizzlies. The BetMGM bonus code COVERS provides bonus bets back if your first wager loses, making it an ideal opportunity to bet on this Western Conference clash.

With both teams looking to bounce back from recent struggles, Saturday's game presents compelling betting opportunities through current sportsbook promos available through Jan. 31.

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$1,500 First Bets
COVERS

How the $1,500 BetMGM Bonus Code Offer Works for Saturday's Game

The code COVERS delivers a comprehensive welcome offer for new users looking to bet on the Timberwolves vs. Grizzlies matchup. After registering and making a minimum $10 deposit, your first real money wager receives protection up to $1,500. If your initial bet on Saturday's game loses, BetMGM returns your stake as bonus bets rather than cash.

The bonus bet structure depends on your wager amount. Bets over $50 receive five separate bonus bets, each worth 20% of your original stake. For example, a $1,000 losing bet on the Timberwolves to cover the spread would return five $200 bonus bets totaling $1,000. Wagers under $50 receive one bonus bet equal to your stake amount.

Key terms for this BetMGM bonus code include:

  • Bonus bets expire after seven days
  • Available in 21 states plus DC and Puerto Rico
  • Winning bonus bets return profits only, not the stake
  • No restrictions on betting markets for your first wager

Consider betting on Anthony Edwards to score over his points total, as he's averaged 26 points during Minnesota's recent three-game winning streak. Alternatively, with Memphis struggling to hold leads and playing without Ja Morant, backing the Timberwolves spread could provide value given their recent defensive improvements under coach Chris Finch.


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 NBA Boosts

BetMGM All Users

  • Get a NBA boost pack: (1) for any bet & (1) for a SGP

BetMGM odds for Timberwolves vs Grizzlies


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How to Claim Your BetMGM Bonus Code for Timberwolves vs. Grizzlies

Follow these steps to claim your welcome offer and bet on Saturday's Western Conference matchup:

  1. Click the registration link and enter COVERS during account creation
  2. Complete identity verification with required personal information and driver's license
  3. Make your initial deposit of at least $10 using available payment methods
  4. Place your first real money wager on any Timberwolves vs. Grizzlies betting market
  5. Receive bonus bets within 24 hours if your initial wager loses

Your bonus bets become available immediately after settlement and must be used within seven days. Whether you back Minnesota's recent momentum or fade Memphis's struggles without their star point guard, this offer provides excellent value for Saturday's game. Read our comprehensive BetMGM bonus review for additional details about this welcome promotion.


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.

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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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