BetMGM Bonus Code 'COVERS': Get Up To $1,500 Bonus Bets Back If Your First Bet On UFC 323 Loses

Use BetMGM bonus code COVERS for a $1,500 First Bet on UFC 323. Get bonus bets back if your first wager loses on Dvalishvili vs Yan.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Dec 6, 2025 • 16:05 ET • 3 min read
Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES
Photo By - Use BetMGM bonus code "COVERS" to get up to $1,500 bonus bets back if your first bet loses. - IMAGN IMAGES

UFC 323 on Saturday, December 6 features bantamweight champion Merab Dvalishvili defending his title against former champ Petr Yan in what could be a historic fourth title defense of 2025. New BetMGM users can claim a BetMGM bonus code offer worth up to $1,500 First Bet using code "COVERS" to wager on this stacked card. The promotion is one of the top sportsbook promos available for the year-end UFC event featuring Alexandre Pantoja defending his flyweight title against Joshua Van in the co-main event.

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$1,500 First Bet
COVERS

BetMGM bonus code COVERS delivers $1,500 First Bet for UFC 323

The BetMGM bonus code "COVERS" provides new users with protection on their first wager up to $1,500. If your initial bet on UFC 323 loses, BetMGM returns your stake in bonus bets that expire after seven days. For example, if you wager $1,000 on Dvalishvili to win and he loses, you receive five bonus bets worth $200 each, totaling your original stake.

The offer applies to any UFC 323 market, including the main event between Dvalishvili and Yan or betting on whether Pantoja can defend his flyweight championship. Wagers over $50 are split into five equal bonus bets, while smaller wagers receive one bonus bet. If your first bet wins on any UFC 323 fight, you keep your winnings and can withdraw them immediately without receiving bonus bets.


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, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)

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How to claim your BetMGM promo for UFC 323 betting

Claiming the BetMGM welcome offer for UFC 323 requires following these steps to activate your account:

  1. Register a new BetMGM account using bonus code "COVERS"
  2. Make a minimum $10 deposit to fund your account
  3. Place your first real money wager on any UFC 323 market
  4. Receive bonus bets equal to your stake if your first bet loses

The promotion is available to new customers in eligible states, including Arizona, Colorado, Illinois, and others where BetMGM operates legally. Read our comprehensive BetMGM bonus review for complete terms and conditions before signing up to bet on Dvalishvili's potential historic fourth title defense of 2025.


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. 

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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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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