The College Football Playoff semifinal between No. 1 Indiana and No. 5 Oregon at the Peach Bowl on Friday, January 9, presents a compelling rematch opportunity for bettors. New users can take advantage of the BetMGM bonus code COVERS to claim up to $1,500 in bonus bets if their first wager loses on this historic matchup.
This welcome offer joins the best sportsbook promos available for the CFP semifinals, giving new bettors extra value when wagering on Indiana's quest to reach the national championship game.
COVERS
BetMGM Bonus Code COVERS Delivers $1,500 First Bet Protection
The BetMGM bonus code provides new users with first bet protection up to $1,500 on any sports market, including the Oregon vs. Indiana Peach Bowl semifinal. After registering and making a minimum $10 deposit, your first real money wager receives full protection. If your bet on the Hoosiers to complete their perfect season wins, you keep all winnings and can withdraw immediately.
However, if your wager loses, BetMGM returns your entire stake as bonus bets up to $1,500. For wagers over $50, you receive five separate bonus bets each worth 20% of your original stake. For example, a losing $1,000 bet on Oregon to avenge their October loss would return five $200 bonus bets totaling $1,000. Wagers under $50 receive one bonus bet equal to the stake amount.
- Bonus bets expire seven days after issuance
- Available to new users in eligible states, including AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY, DC, and PR
- Minimum $10 deposit required to activate the offer
- Bonus bet winnings are withdrawable, but the bonus bet stake is not returned
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 BetMGM Peach Bowl Betting Bonus
Claiming your BetMGM welcome offer for the Indiana vs. Oregon semifinal requires just a few simple steps. Follow this process to secure your first bet protection before kickoff on Friday:
- Click the registration link and create your BetMGM account using bonus code COVERS
- Verify your identity by providing the required personal information and driver's license details
- Make your initial deposit of at least $10 using any accepted payment method
- Place your first real money wager on any market, including Oregon vs. Indiana betting options
- If your bet wins, withdraw your winnings immediately; if it loses, receive bonus bets within 24 hours
The Peach Bowl semifinal offers numerous betting opportunities, from the point spread reflecting Indiana's previous 30-20 victory over Oregon to player props on Heisman winner Fernando Mendoza's passing performance. Read our comprehensive BetMGM bonus review for additional details on this sportsbook's features and betting markets.
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