BetMGM Bonus Code 'COVERS' Gives Up To $1.5K Bonus Bets Back If Your Arkansas-Alabama Bet Loses

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Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Feb 18, 2026 • 15:05 ET • 3 min read

The BetMGM bonus code COVERS unlocks a $1,500 First Bet for new users looking to wager on Wednesday's high-scoring SEC battle between No. 20 Arkansas and No. 25 Alabama. This welcome offer provides bonus bets back if your first wager loses, making it an ideal opportunity to bet on this offensive showcase in Tuscaloosa. With both teams among the nation's top scoring offenses and plenty of sportsbook promos available, Feb. 18 presents the perfect timing to claim this substantial welcome bonus.

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BetMGM Bonus Code COVERS Delivers $1,500 First Bet for Arkansas vs Alabama

New BetMGM users can claim up to $1,500 in bonus bets by using the BetMGM bonus code COVERS when registering for their first account. This welcome offer requires the promotional code during sign-up and applies to your initial real-money wager on any sports market, including Wednesday's Arkansas vs. Alabama matchup. The BetMGM bonus code ensures you receive your stake back in bonus bets if your first wager loses, up to the maximum $1,500 amount.

The offer structure varies based on your initial wager amount. If you bet $50 or less and lose, you receive one bonus bet equal to your stake. For wagers exceeding $50, BetMGM awards five separate bonus bets, each worth 20% of your qualifying wager amount. For example, a losing $1,500 bet on Arkansas to cover the spread would result in five $300 bonus bets, totaling the full $1,500 refund.

Key terms include:

  • Minimum $10 deposit required to activate the offer
  • Bonus bets expire seven days after issuance
  • Available only to new users in eligible states
  • Bonus bet stakes are not returned with winnings

Consider wagering on Arkansas's explosive offense, which averages 88.8 points per game and shoots 50.4% from the field. Alternatively, Alabama's nation-leading 35.9 three-point attempts per game could provide value, especially with the Crimson Tide making at least 12 threes in six consecutive games. Both teams' offensive firepower creates numerous betting opportunities for your first BetMGM wager.


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 Arkansas vs Alabama Betting Bonus

Follow these steps to secure your BetMGM welcome offer before Wednesday's tip-off:

  1. Click the registration link and create your BetMGM account using bonus code COVERS
  2. Complete identity verification by providing the required personal information and driver's license
  3. Make your initial deposit of at least $10 using any accepted payment method
  4. Place your first real money wager on Arkansas vs Alabama or any available sports 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. Remember that bonus bet winnings exclude the stake amount, so a winning $100 bonus bet on a +200 outcome pays $200, not $300. 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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