BetMGM Bonus Code COVERS: Get 20% Deposit Match up to $1,500 for NCAA Tournament on Saturday

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Mar 21, 2026 , 05:15 PM ET • 3 min read

Use BetMGM bonus code COVERS for a $1,500 First Bet on NCAA Tournament Saturday late games featuring Texas vs Gonzaga and more exciting matchups.

Saturday's NCAA Tournament late games feature four thrilling second-round matchups, and new users can claim a BetMGM bonus code offer to enhance their betting experience. The COVERS promo code unlocks a $1,500 First Bet for wagering on these pivotal games.

These compelling contests include Texas taking on Gonzaga and VCU facing Illinois, making Saturday, March 21 an ideal time to explore sportsbook promos.

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$1,500 First Bets
COVERS

BetMGM Bonus Code Delivers $1,500 First Bet Protection

The BetMGM bonus code COVERS provides new users with substantial betting protection for Saturday's tournament action. This welcome offer returns your stake as bonus bets if your first wager loses, up to $1,500 maximum. The promotion applies to any sports market, making it perfect for betting on games like the 11-seed Texas versus 3-seed Gonzaga showdown or the intriguing VCU-Illinois matchup.

New customers must make a minimum $10 deposit and place their first real money wager to activate this offer. If your initial bet on Saturday's games wins, you keep all winnings and can withdraw them immediately. However, if your first wager loses, BetMGM returns your entire stake as bonus bets within the $1,500 limit.

The bonus bet structure varies based on your wager amount:

  • Wagers under $50 receive one bonus bet equal to your stake
  • Wagers over $50 receive five bonus bets, each worth 20% of your qualifying wager
  • All bonus bets expire after seven days
  • Bonus bet stakes are not returned with winnings

For example, if you bet $1,000 on Nebraska to cover the spread against Vanderbilt and lose, you would receive five $200 bonus bets totaling $1,000. These bonus bets give you multiple opportunities to profit from the remaining tournament games while your original stake is protected.

What our experts say about Saturday night's matchups

Texas vs. Gonzaga: TEX +6.5 (-110)

The Longhorns' biggest weaknesses are their 3-point defense (270th in opponent 3PT%) and tendency to foul (307th in opponent FT rate). However, the Bulldogs attempt threes at one of the lowest rates in the country while ranking just 277th in FT rate. On the other side of the floor, Gonzaga has impressive defensive stats but that's puffed up by weak competition in the West Coast Conference.

Texas vs. Gonzaga predictions

VCU vs. Illinois: VCU +11.5 (-116)

VCU has gone 17-1 outright since its season was on the brink, not to mention winning the Atlantic-10 Tournament and going 3-1 ATS in the postseason. Of course the Rams came back from 14 down late in the second half of the first round; they are relentless.

VCU vs. Illinois predictions

Vanderbilt vs. Nebraska: VAN -2.0 (-110)

Nebraska ran through Troy in part thanks to a 26-10 advantage in points in the paint, to be expected against a mid-major opponent. The Vanderbilt Commodores will not yield such chances, one of the best interior defenses in the SEC.

Vanderbilt vs. Nebraska predictions

High Point vs. Arkansas: HP Moneyline (+500)

High Point is aggressive in terms of jumping the passing lanes and generating points in transition. The Panthers also operate at a very high tempo, which could be problematic for an Arkansas team that has little depth due to injuries to Karter Knox and Nick Pringle.

High Point vs. Arkansas 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 Saturday Betting Offer

Follow these steps to secure your BetMGM welcome offer for Saturday's late tournament games:

  1. Register a new BetMGM account using bonus code COVERS
  2. Complete identity verification with your driver's license
  3. Make your initial deposit of at least $10
  4. Place your first real money wager on any Saturday game
  5. Receive bonus bets if your first bet loses, or keep winnings if it hits

This offer is available to new users 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, Wyoming, plus Washington D.C. and Puerto Rico. Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and offerings.


More BetMGM Sportsbook promos, bonuses, and offers

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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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