The College Football Playoff Semifinals are set to deliver championship-level drama Thursday night, with Miami facing Mississippi in the Fiesta Bowl and Indiana taking on Oregon in Friday's Peach Bowl. New users can capitalize on these marquee matchups with the BetMGM bonus code COVERS, which unlocks a $1,500 First Bet offer. This welcome promotion gives bettors bonus bets back if their initial wager loses, making Thursday's action an ideal opportunity to get started. The offer joins other competitive sportsbook promos available for Thursday, December 8.
COVERS
BetMGM bonus code COVERS delivers $1,500 First Bet protection
The BetMGM bonus code COVERS provides new users with up to $1,500 in bonus bet protection on their first wager. After registering and making a minimum $10 deposit, bettors can place their initial wager on any College Football Playoff market, including Miami vs. Mississippi or Indiana vs. Oregon. If that first bet loses, BetMGM returns the entire stake as bonus bets, up to the $1,500 maximum.
The bonus bet structure varies based on wager size. Bets over $50 are divided into five separate bonus bets, each worth 20% of the original stake, while smaller wagers receive one bonus bet equal to the lost amount. For example, a losing $1,000 wager on Miami to cover the spread would result in five $200 bonus bets. All bonus bets expire seven days after issuance and cannot be withdrawn directly, requiring use on additional wagers to unlock potential payouts.
Check if you can use our BetMGM bonus code in your state
| BetMGM Bonus Code | Eligible States |
| "COVERS1500" | 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 BetMGM welcome offer for CFP Semifinals
Claiming the BetMGM first bet offer requires just a few simple steps before Thursday's semifinal action begins. New users must register with the bonus code COVERS, make their initial deposit, and place their qualifying wager on either College Football Playoff semifinal.
- Click to register with BetMGM Sportsbook using bonus code COVERS
- Complete account verification with personal information and driver's license
- Make a minimum $10 deposit to activate the welcome offer
- Place your first real money wager on Miami vs. Mississippi or Indiana vs. Oregon
- Receive bonus bets equal to your stake if the wager loses, up to $1,500
This offer is available to new customers in eligible states, including Arizona, Colorado, Illinois, Indiana, and others where BetMGM operates legally. Read our comprehensive BetMGM bonus review for additional details on terms and conditions.
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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