BetMGM Bonus Code COVERS50: Make $1.5K First Bet on Argentina vs. Cape Verde, Get Bonus Bets Back

Luc LeBlanc - Betting Editor at Covers.com
Luc LeBlanc • Content Editor 3+ years betting experience
Updated: Jul 3, 2026 , 03:15 PM ET • 3 min read

Use BetMGM bonus code COVERS50 for a $1,500 First Bet or Bet $10, Get $150 for Argentina vs. Cape Verde on July 3.

Photo By - Use BetMGM bonus code COVERS50 to get up to $1,500 bonus bets back if your first bet loses.

New BetMGM users can take advantage of two strong BetMGM bonus code offers ahead of Argentina vs. Cape Verde on Friday, July 3. Enter code COVERS50 at sign-up to access either a $1,500 First Bet in most states or the Bet $10, Get $150 offer available in CO, MI, NJ, PA, and WV.

Both deals also come with $50 in BetMGM Rewards Points, making this one of the better sportsbook promos available for the Copa America knockout stage.

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$1,500 First Bets
COVERS50
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Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

BetMGM Bonus Code COVERS50: How the $1,500 First Bet and $150 Offer Work

The BetMGM bonus code COVERS50 unlocks one of two welcome offers depending on your state. In most states, new users receive a $1,500 First Bet, meaning if your first wager on Argentina vs. Cape Verde loses, BetMGM returns your entire stake in bonus bets up to $1,500. If you wager $1,500 on Argentina to win and the match does not go your way, you receive five bonus bets worth $300 each. Wagers under $50 that lose return as a single bonus bet. Bonus bets expire seven days from issuance.

In CO, MI, NJ, PA, and WV, the offer works differently. Place a minimum $10 wager on the match and if it wins, you receive $150 in bonus bets issued as three $50 credits. For example, if you bet $10 on Cape Verde to pull off the upset and it comes through, you collect your winnings plus $150 in bonus bets. Win or lose, both offers include $50 in BetMGM Rewards Points delivered instantly at sign-up.

BetMGM Rewards Points are redeemable for several benefits through the BetMGM platform. Those include bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. You can find full details on the rewards program at BetMGM Rewards. Key terms to keep in mind include the following:

  • Minimum $10 deposit required to qualify
  • Code COVERS50 must be entered at registration or the offer is void
  • Bonus bets expire seven days from issuance and cannot be withdrawn directly
  • Available to new users only; self-excluded players are not eligible
  • $1,500 First Bet available in AZ, DC, IA, IL, IN, LA, KS, KY, MA, MD, NC, OH, TN, VA, and WY
  • Bet $10, Get $150 available in CO, MI, NJ, PA, and WV

Get our Argentina vs. Cape Verde predictions

Our Argentina vs. Cape Verde predictions are in, and fans should expect Lionel Messi and company to handle business comfortably and book their ticket to the Round of 16.

Make sure to visit our WC26 picks page to check out all of our daily picks, predictions, and more!


Check if you can use our BetMGM bonus code in your state

BetMGM Bonus Code Eligible States
 COVERS50 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)
COVERSBONUS MI, NJ, PA, WV

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How to Claim Your BetMGM Offer for Argentina vs. Cape Verde

Claiming your welcome bonus before Argentina and Cape Verde kick off is straightforward. Follow these steps to get started:

  1. Download the BetMGM app or visit the BetMGM website to begin registration. Have your name, address, email, and driver's license ready to speed up the process.
  2. Enter BetMGM bonus code COVERS50 during sign-up. You will receive your $50 in BetMGM Rewards Points instantly once the code is applied. Skipping the code will void the offer entirely.
  3. Make a minimum $10 deposit using any accepted payment method. Options include Visa, Mastercard, debit cards, PayPal, Skrill, bank transfer, and Play+.
  4. Place your first wager on Argentina vs. Cape Verde. You can bet the moneyline, a point spread, the Over/Under on total goals, or a player prop tied to Lionel Messi or Julian Alvarez.
  5. If you are in most states and your bet loses, BetMGM will return your stake in bonus bets up to $1,500. If you are in CO, MI, NJ, PA, or WV and your $10 bet wins, you receive $150 in bonus bets on top of your payout.
  6. Winning cash bets are withdrawable immediately. Bonus bets must be used before any payout from them is accessible, and BetMGM does not return your stake when playing with bonus bets.

For a full breakdown of terms and user experience, read the complete BetMGM bonus review before signing up.


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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.

Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, New York, Ontario, or Puerto Rico.

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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.

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