BetMGM Bonus Code COVERS: Make $1.5K First Bet on NCAA Tournament Games on Friday

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Mar 20, 2026 , 01:31 PM ET • 3 min read

Use BetMGM bonus code COVERS for a $1,500 First Bet on NCAA Tournament Mid-Day Games Friday. Get bonus bets back if your first bet loses.

New users can claim a BetMGM bonus code offer worth up to $1,500 for Friday's NCAA Tournament Mid-Day Games. The promotion requires the bonus code COVERS and returns your stake in bonus bets if your first wager loses. Excitement continues with four compelling matchups featuring Tennessee State vs. Iowa State, Hofstra vs. Alabama, Utah State vs. Villanova, and Miami Ohio vs. Tennessee. 

This welcome offer is available through Friday, March 20, giving new bettors an excellent opportunity to explore sportsbook promos during one of college basketball's most exciting days.

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$1,500 First Bets
COVERS

BetMGM Bonus Code Details for $1,500 NCAA Tournament Offer

The BetMGM bonus code COVERS unlocks a substantial welcome promotion for new users betting on Friday's NCAA Tournament action. This offer provides up to $1,500 in bonus bets if your initial wager on games like Iowa State vs. Tennessee State or Alabama vs. Hofstra doesn't win.

The promotion is available to first-time 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.

When you place your first bet on Friday's tournament games and it loses, BetMGM returns your stake in bonus bets. For example, if you wager $500 on Utah State to cover the spread against Villanova and lose, you'll receive five bonus bets worth $100 each. If you bet $30 on Miami Ohio to upset Tennessee and it doesn't hit, you'll get one $30 bonus bet. The bonus structure varies based on your wager amount:

  • Wagers over $50: Five bonus bets, each worth 20% of your original stake
  • Wagers $50 or under: One bonus bet equal to your stake amount
  • All bonus bets expire after seven days
  • Minimum $10 deposit required to qualify

These bonus bets can be used on any subsequent NCAA Tournament games or other sports markets. The bonus bet stake isn't returned with winnings, but any profits are yours to keep or withdraw immediately.

What our experts say about Friday's matchups

Get all of our expert NCAAB picks.

Tennessee State vs. Iowa State: Joshua Jefferson o4.5 Assists (-105)

The Tigers, despite their athleticism, are a poor defensive team, especially against bigs cutting off rolls and drive and kick actions, where they rank in the bottom 25%. Jefferson is the primary passer in both spots, putting him in a strong position to generate assists if the game stays even moderately competitive.

Tennessee State vs. Iowa State predictions

Hofstra vs. Alabama: HOF Moneyline (+500)

Hofstra has a legit backcourt, and the Alabama defense is, well, average to put it kindly. Cruz Davis averages 10 points per 100 possessions solely at the rim. The Tide have been poor there all season, especially after Charles Bediako was ruled ineligible, allowing over a point per possession on plays tagged as “rim attacks” by Synergy.

Hofstra vs. Alabama predictions

Utah State vs. Villanova: VILL Moneyline (+105)

Villanova went 24-8 this season in a power conference, with six of those defeats coming against ranked teams. The Aggies excel at forcing turnovers, but Villanova takes care of the ball. The Wildcats also have crisp ball movement and multiple outside shooters who can unlock the Aggies' "fist" zone defense. 

Utah State vs. Villanova predictions

Miami Ohio vs. Tennessee: Jaylen Carey o6.5 Points (-120)

Carey is an imposing body who can make his presence felt against a smaller team, and he’s the feature of these actions: something that the Redhawks have ranked in the bottom 20% of college basketball defensively against this season.

Miami (OH) vs. Tennessee predictions


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 NCAA Boosts

BetMGM All Users

  • Get an odds boost for any CBB bet
  • Get a no sweat CBB parlay - stake back in bonus bets if you lose

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How to Claim Your NCAA Tournament Mid-Day Games Bonus

Follow these steps to secure your BetMGM welcome offer for Friday's exciting tournament matchups:

  1. Register a new BetMGM account using bonus code COVERS during the sign-up process
  2. Complete identity verification by providing required personal information and driver's license details
  3. Make your first deposit of at least $10 using any accepted payment method
  4. Place your initial real money wager on any NCAA Tournament Mid-Day Games market
  5. If your bet wins, withdraw your profits immediately or continue betting
  6. If your bet loses, receive bonus bets within 24 hours to use on future wagers

The tournament's afternoon slate offers excellent betting opportunities across multiple game types and markets. Read our comprehensive BetMGM bonus review for additional insights on maximizing this welcome promotion.


More BetMGM Sportsbook promos, bonuses, and offers

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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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