BetMGM Bonus Code COVERS: LAST CHANCE for up to $1,500 Bonus Bets on the Big Game Coin Toss

Use BetMGM bonus code COVERS for a $1,500 First Bet on the Big Game coin toss. Get bonus bets back if your first wager loses on Sunday, Feb. 8.

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor
Feb 8, 2026 • 16:30 ET • 3 min read

The Big Game coin toss presents one of the most straightforward betting opportunities of the year, and new users can capitalize with the BetMGM bonus code COVERS. This welcome offer provides a $1,500 First Bet that returns your stake in bonus bets if your initial wager loses. Whether you're backing heads or tails for Sunday, Feb. 8, this promotion gives new bettors extra value on one of the night's most anticipated moments.

The coin toss market exemplifies the entertainment value that makes the Big Game special, and BetMGM enhances that experience with competitive sportsbook promos for new customers. With odds at -102 for both heads and tails, plus additional options on which team wins the toss, bettors have multiple ways to engage with this opening ceremony tradition.

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$1,500 First Bets
COVERS

How the $1,500 BetMGM Bonus Code Offer Works

New users who register with BetMGM bonus code COVERS receive protection on their first real money wager up to $1,500. This welcome promotion applies to any betting market, including the Big Game coin toss, where you can choose between heads (-102) or tails (-102), or even bet on whether Seattle (-102) or New England (-102) wins the toss. If your initial bet loses, BetMGM returns your entire stake in bonus bets within 24 hours.

The bonus bet structure depends on your wager amount. Bets of $50 or more receive five separate bonus bets, each worth 20% of your original stake, while smaller wagers receive one bonus bet equal to your loss. For example, if you bet $1,000 on heads to win the coin toss and it comes up tails, you would receive five $200 bonus bets totaling your original $1,000 stake.

Key terms include:

  • Minimum $10 deposit required to activate the offer
  • Bonus bets expire after seven days
  • Available to new users in eligible states only
  • Bonus bet winnings do not include the stake amount

This promotion transforms the coin toss from a simple 50-50 proposition into a strategic opportunity. Whether the coin lands heads or tails, you maintain betting power for the rest of the Big Game through bonus bets if your prediction proves incorrect.

Can you legally bet on the coin toss?

Fact: BetMGM has taken more bets on the coin toss than any single Seattle-New England player prop!
Bettors find it hard to resist 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 Big Game Boosts

BetMGM All Users

  • 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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Claiming Your BetMGM Coin Toss Bonus

Getting started with your Big Game coin toss bet takes just a few simple steps:

  1. Register a new BetMGM account using bonus code COVERS
  2. Complete identity verification with required documentation
  3. Make your first deposit of at least $10
  4. Place your first real money bet on the coin toss or any other market
  5. Receive bonus bets within 24 hours if your initial wager loses

The coin toss occurs during the opening ceremony on Sunday, Feb. 8, giving you immediate results on your first bet. Read our comprehensive BetMGM bonus review for additional details about this welcome offer and other available promotions.


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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