BetMGM Bonus Code 'COVERS': Get Up To $1.5K Back If Your First Bet On CBB or Men's Hockey Loses

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Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Feb 17, 2026 • 08:05 ET • 3 min read

New bettors can claim a BetMGM bonus code offer worth up to $1,500 for Tuesday's packed sports schedule featuring critical men's international hockey knockout rounds and key college basketball conference battles. The COVERS bonus code unlocks bonus bets back if your first wager loses, making it perfect for betting on today's high-stakes matchups. This welcome offer remains available through Feb. 17, giving sports fans an excellent opportunity to explore sportsbook promos during an action-packed day of competition.

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$1,500 First Bets
COVERS

BetMGM Bonus Code Details for Tuesday's Hockey and Basketball Action

The BetMGM bonus code COVERS provides new users with protection on their first bet up to $1,500, making it an attractive option for wagering on today's compelling slate of games. New customers who register and use this BetMGM bonus code receive their stake back in bonus bets if their initial wager loses. This offer applies to any sport or betting market, including today's men's international hockey elimination games and college basketball conference showdowns.

The bonus structure varies based on your first bet amount. If you wager $50 or less and lose, you receive one bonus bet equal to your stake. For bets over $50, BetMGM awards five separate bonus bets, each worth 20% of your qualifying wager. For example, if you place a $1,000 first bet on the Germany vs. France hockey match and it loses, you would receive five $200 bonus bets totaling your original stake.

Key terms include:

  • Minimum $10 deposit required to activate the offer
  • Bonus bets expire after seven days
  • Available to new users in eligible states only
  • Winning first bets pay out normally, with no bonus bets awarded

Whether you're backing North Carolina against NC State in tonight's ACC rivalry or supporting Sweden in their crucial hockey matchup against Latvia, this bonus code provides valuable protection for your initial investment.


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)


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How to Claim Your $1,500 First Bet for Tuesday's Games

Getting started with this welcome offer is straightforward and can be completed in time for today's games:

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

This process typically takes just minutes, allowing you to quickly start betting on today's hockey elimination rounds or college basketball conference battles. Read our comprehensive BetMGM bonus review for additional details about this sportsbook's features and betting options.


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.

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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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