BetMGM Bonus Code COVERS50: Get a $1.5K First Bet + $50 Reward Points for Chimaev vs Strickland at UFC 328

New users can claim an exclusive welcome offer using the BetMGM bonus code COVERS50 ahead of UFC 328: Khamzat Chimaev vs. Sean Strickland this Saturday, May 9. Depending on your state, you can claim a $1,500 First Bet or a Bet $10, Get $150 offer, both of which include $50 in BetMGM Rewards Points. A code is required to unlock either deal, so check out all available sportsbook promos before signing up.

$1,500 First Bets
COVERS50

Claim $1,500

Bet $10, Get $150 in MI, NJ, PA, WV
COVERS50

Win $150

BetMGM Bonus Code COVERS50: $1,500 First Bet or Bet $10, Get $150 for UFC 328

The BetMGM bonus code COVERS50 unlocks one of two welcome offers depending on where you live. In most eligible states, including AZ, IL, IN, MA, NC, and others, new users receive a $1,500 First Bet. If your first wager loses, BetMGM returns your entire stake in bonus bets, up to $1,500. Wagers above $50 are returned as five bonus bets, each worth 20% of your qualifying stake. For example, if you placed a $1,500 bet on Chimaev to win by submission and it lost, you would receive five $300 bonus bets totaling $1,500. Wagers under $50 are returned as a single bonus bet.

New users in CO, MI, NJ, PA, and WV have access to a different offer: Bet $10, Get $150 in bonus bets if your first wager wins. If you placed a $10 bet on Strickland to pull off the upset and it came through, you would receive your winnings plus $150 issued as three $50 bonus bets. Win or lose on either offer, you receive $50 in BetMGM Rewards Points instantly upon signing up with the code COVERS50.

BetMGM Rewards Points are redeemable for a variety of perks, including bonus credits for digital play at BetMGM, MGM Rewards Points, Marriott Bonvoy Points, merchandise, and Gametime Vouchers. You can learn more at the BetMGM Rewards page. Key terms to keep in mind for both offers:

• A minimum $10 deposit is required to qualify.
• Bonus bets expire seven days from issuance.
• BetMGM does not return your stake when using bonus bets.
• Both offers expire at 11:59 p.m. ET on April 30, 2026.
• You must not appear on any self-exclusion lists to participate.

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How to Claim Your BetMGM Welcome Offer for Chimaev vs. Strickland

Claiming your BetMGM welcome offer before UFC 328 is straightforward. Follow these steps to get started with either the $1,500 First Bet or the Bet $10, Get $150 offer in CO, MI, NJ, PA, and WV.

1. Download the BetMGM app or visit the BetMGM website to begin the registration process. Have your name, address, email address, and driver's license ready to speed things up.
2. Enter the BetMGM bonus code COVERS50 during sign-up. This step is required to unlock either the welcome offer or your $50 in BetMGM Rewards Points. Skipping the code will void the promotion.
3. Make a minimum deposit of $10 using your preferred payment method. BetMGM accepts credit cards, debit cards, bank transfers, PayPal, Skrill, and Play+, among others.
4. Place your first wager on UFC 328. You can bet on Chimaev or Strickland via the moneyline, method of victory, round props, or any other available market. In most states, your first bet is covered up to $1,500 if it loses. In CO, MI, NJ, PA, or WV, you receive $150 in bonus bets if your $10 wager wins.
5. Collect your $50 in BetMGM Rewards Points instantly, regardless of the outcome of your bet. Winning bets are withdrawable immediately, while bonus bets must be used before any payout is available.

For a full breakdown of what BetMGM offers new users, read the complete BetMGM bonus review.