BetMGM Bonus Code COVERS: Get up to $1,500 to Bet on the Big Game Coin Toss

Use BetMGM bonus code COVERS for a $1,500 First Bet on Big Game coin toss odds. Get bonus bets back if your first wager loses on Feb. 7.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Feb 7, 2026 • 10:10 ET • 3 min read

The BetMGM bonus code COVERS unlocks a $1,500 First Bet perfect for Saturday, Feb. 7 Big Game coin toss wagering. New users can claim this welcome offer and immediately dive into one of the most entertaining prop bets of the night. BetMGM's coin toss market provides instant gratification with heads and tails both sitting at -102 odds, while team-specific toss winner bets offer Seattle and New England each at -102.

This promotional opportunity represents one of the top sportsbook promos available for the Big Game's opening moment.

BetMGM Logo
$1,500 First Bets
COVERS

$1,500 BetMGM Bonus Code Offer Details

The BetMGM bonus code COVERS delivers substantial value for Big Game coin toss betting through a comprehensive first bet protection program. New customers who register and use this promotional code receive their entire stake back in bonus bets if their initial wager loses, up to $1,500 maximum. This protection applies perfectly to coin toss betting, where the 50-50 nature creates an ideal testing ground for new bettors.

The bonus structure varies based on your initial wager amount, providing flexibility for different betting preferences. Wagers exceeding $50 result in five separate bonus bets, each worth 20% of your qualifying stake, while smaller bets under $50 generate a single bonus bet equivalent to your loss. For example, a $1,000 losing bet on heads in the Big Game coin toss would return five $200 bonus bets totaling your full stake.

Key terms include:

  • Minimum $10 deposit required for activation
  • Bonus bets expire after seven days
  • Available in 21 states plus DC and Puerto Rico
  • Bonus bet stakes are not returned with winnings

Consider a scenario where you bet $500 on tails for the Big Game coin toss and lose. BetMGM would issue five $100 bonus bets, allowing you to continue wagering on other Big Game props throughout the evening. Conversely, if your coin toss prediction proves correct, you keep your winnings and can withdraw immediately without any rollover requirements.

Can you legally bet on the coin toss?

Many sportsbooks offer coin toss odds, but they may not be available in every state where sports betting is legal and regulated.

Not all regulated jurisdictions offer markets for novelty props. Here's where you can legally bet on the coin toss:

  • Arizona

  • Arkansas

  • Colorado

  • DC

  • Illinois

  • Indiana

  • Iowa

  • Louisiana

  • Maryland

  • Massachusetts

  • Michigan

  • Mississippi

  • Nevada

  • New Hampshire

  • New Jersey

  • New York

  • North Carolina

  • Oregon

  • Pennsylvania

  • Virginia

  • West Virginia

  • Wyoming


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)

Best BetMGM NFL Boosts

BetMGM All Users

  • Spread Odds Flash Boost: Seahawks -4.5 (-115 -> -110)
  • Spread Odds Flash Boost: Patriots +4.5  (-105 -> +100)
  • Seahawks to score first (-143 -> -125)
  • Patriots to score first (+110 -> +125)

Other Big Game BetMGM Promos

  • Get a no sweat bet for the Big Game - stake back in bonus bets if you lose
  • Get a Big Game boost pack: (1) odds boost for any bet, (1) anytime TD boost & (1) SGP boost
  • Get your stake back in bonus bets if your 1st TD bet scores the 2nd TD of the game

BetMGM odds for New England vs Seattle


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How to Claim Your Big Game Coin Toss Bonus

Claiming your BetMGM welcome offer for Big Game coin toss betting requires following these straightforward steps:

  1. Register a new BetMGM account using bonus code COVERS during the sign-up process
  2. Complete identity verification by providing your driver's license information
  3. Make your initial deposit of at least $10 using any accepted payment method
  4. Place your first real money wager on the Big Game coin toss or any other available market
  5. Receive bonus bets within 24 hours if your initial wager loses

Your bonus bets become available for immediate use on additional Big Game props, live betting options, or future sporting events. Remember that bonus bets must be used within seven days of issuance to avoid expiration. Read our comprehensive BetMGM bonus review for additional insights into this welcome offer and platform features.


More BetMGM Sportsbook promos, bonuses, and offers

  • 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.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Luc LeBlanc
Content Editor

Luc has been passionate about sports since he was a child, playing competitive hockey and staying closely tuned to professional leagues. Today, he brings that same energy to his work as a Content Editor, covering NHL games, player props, and betting trends with a sharp, analytical eye.

Since 2023, Luc has been writing picks and analysis for various publications, helping readers discover value in several major sports. While hockey is his specialty, he also closely follows tennis, keeping up with both the ATP and WTA Tours.

A graduate of Saint Mary’s University (BSc, Geography, 2025), Luc approaches sports betting the way he approaches maps and statistics by looking for patterns, trends, and angles that give him an edge. He focuses on research-backed and well-informed picks, spotting correlations, and finding the best opportunities in player props and game markets.

When he’s not making data-driven betting decisions or breaking down NHL matchups, you’ll find Luc on the ice, hitting the tennis courts, or engaging in some other form of exercise — staying connected to the sports he loves.

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