BetMGM Bonus Code COVERS Gives Back Up To $1,500 in Bonus Bets Back for NCAA Basketball Season Tip

Claim your BetMGM bonus code COVERS offer for College Basketball Season Tip games. Get up to $1,500 back in bonus bets on Tuesday's action.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Nov 4, 2025 • 12:16 ET • 3 min read
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

Today marks an exciting continuation of the NCAA basketball season with marquee matchups including Texas vs. Duke and Hawaii vs. Oregon among other compelling games. New bettors can capitalize on these thrilling contests with the BetMGM bonus code promotion, which offers up to $1,500 back in bonus bets if your first wager doesn't win. This welcome offer requires the bonus code COVERS and provides an excellent opportunity to bet on Tuesday's college basketball action.

With several intriguing games on the slate, including the state rivalry between Missouri Southern and Missouri State, bettors have plenty of options to explore various sportsbook promos available for November 4.

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$1,500 First Bet
COVERS

BetMGM bonus code COVERS delivers maximum value for college basketball

The BetMGM bonus code COVERS offer provides new users with protection on their first bet up to $1,500. After registering and making a minimum $10 deposit, you can place your initial wager on any of Tuesday's college basketball games, such as the highly anticipated Texas vs. Duke matchup or the Oral Roberts vs. Oklahoma State contest. If your first bet loses, BetMGM returns your stake in bonus bets, with the structure depending on your wager amount.

For bets over $50, you receive five separate bonus bets, each worth 20% of your original stake. For example, if you bet $1,000 on Southern Utah vs. Arizona State and lose, you would receive five $200 bonus bets totaling $1,000. Bets under $50 result in a single bonus bet equal to your stake amount. All bonus bets expire after seven days and must be used before you can withdraw any potential winnings from them.


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, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)

How to claim your BetMGM welcome offer for Tuesday's games

Claiming this offer is straightforward and can be completed in time for Tuesday's college basketball action.

First, register for a new BetMGM account using bonus code COVERS and provide the required personal information and identity verification. Next, make your initial deposit of at least $10 to activate your account. Then, place your first real money wager on any of the available college basketball games, including Hawaii vs. Oregon or the Missouri rivalry matchup. If your bet wins, you can immediately withdraw your winnings, but if it loses, you'll receive bonus bets equal to your stake up to $1,500.

This promotion is available to new customers in eligible states and provides excellent value for those looking to start their sports betting journey with college basketball. For more detailed information about terms and conditions, check out our comprehensive BetMGM bonus review.


More sportsbook promos, bonuses, and offers from BetMGM

  • 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 keeping up with various realms of the sports world since a young age, playing an abundance of competitive sports as a child, and is still going strong as a hockey player to this day. Having been involved with sports media and the sports betting world for two years and graduating from university in 2025, he ultimately chose to pursue a career in sports media.Luc has over five years of experience in sports betting across a wide range of professional sports and has been providing valuable insights since debuting in the field as a sports betting expert with various publications in 2023. He has a wide base of sports knowledge, though his favorites are undoubtedly hockey and tennis – always staying up to date with the NHL and following the ATP and WTA tours.When betting, Luc always does his due diligence, analyzing trends and finding value by recognizing and linking valuable props to other probable outcomes.

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