NEW Exclusive BetMGM Bonus Code 'COVERS1550': $50 Bonus Bets + a $1,500 First Bet for the CFP

Bet on Ohio State vs. Texas and Notre Dame vs. Penn State with Covers' exclusive BetMGM $1,500 First Bet Offer + $50 Bonus Bets using the "COVERS1550" code.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 9, 2025 • 13:24 ET • 3 min read
BetMGM Bonus Code for the College Football Playoff
Photo By - Imagn Images

Maximize your college football bets with ourexclusive $1,500 First Bet Offer + $50 Bonus Bets offer for BetMGM Sportsbook. It's perfect for wagering on both the Ohio State vs. Texas and Notre Dame vs. Penn State College Football Playoff semifinals. Use BetMGM bonus code "COVERS1550" to unlock this special offer and enhance your game-day excitement with BetMGM's sportsbook promos!

BetMGM Logo
$1,500 First Bet + $50 Bonus Bets
COVERS1550

How this Covers-exclusive BetMGM offer works for the College Football Playoff

BetMGM’s $1,500 First Bet Offer and $50 Bonus Bets provide new users with a comprehensive betting package. By using the BetMGM bonus code "COVERS1550," you’ll gain access to this exclusive promotion, perfect for betting on the high-stakes matchups between Ohio State vs. Texas and Notre Dame vs. Penn State.

Here’s how it works: When you sign up with the BetMGM bonus code, make a minimum deposit of $10, and place your first bet, you’ll be eligible for up to $1,500 back in bonus bets if your wager loses. This safety net ensures you can bet confidently on either or both of these pivotal College Football Playoff games.

In addition to the first bet offer, all users who apply our exclusive code will receive $50 in bonus bets, regardless of the outcome of their initial wager. These bonus bets are valid for seven days, giving you plenty of time to explore BetMGM’s vast betting markets. This promotion is a fantastic way to double down on the excitement of both playoff matchups.

BetMGM odds for the College Football Playoff Semifinals


Offer available to first-time customers in the following states: AZ, CO, IL, IN, IA, KS, LA, MD, MA, MI, MS, NC, NV, NJ, OH, PA, TN, VA, WV, WY. Not intended for use in MA. Not available to new bettors in DC, NV, or NY. Not available to residents of Ontario, CA.

How to claim your $50 bonus bets and your $1,500 First Bet with BetMGM bonus code 'COVERS1550'

  1. Register: Sign up on BetMGM's platform using the bonus code "COVERS1550".
  2. Deposit Funds: Make a minimum deposit of $10 into your account.
  3. Place a Bet: Wager on either or both of the College Football Playoff semifinals: Ohio State vs. Texas and Notre Dame vs. Penn State.
  4. Receive Bonus: Get up to $1,500 back if your first bet loses and $50 in bonus bets.

Take advantage of this exclusive offer and make the most of your bets on these thrilling College Football Playoff games. For a full BetMGM Review, click here.


Sportsbook promos comparison

Choosing the right sportsbook promo for you is easy with Covers. We compare all the best offers for legal sports betting sites in your area.

BetMGM DraftKings FanDuel
Current Bonus $1,500 First Bet + $50 Bonus Bets Bet $5, Get $200, Win or Lose Bet $5, Get $200, Guaranteed
Promo Code COVERS1550 None Required None Required
Bonus Type Second Chance Bet Bet & Get Bet & Get
Bonus Amount One (< $50) or five (> $50) bonus bets $200 Bonus Bets $200 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $5 $5 $5

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. Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
21+ and present in select states.Gambling Problem? Call 1-800-GAMBLER (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV).

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Peter Clarke - Covers
Senior Editor

Peter Clarke has been in the digital media business for 14 years after obtaining his journalism degree from the University of King's College in Halifax, N.S. He learned his trade during his time at The Chronicle Herald and Saltwire Network, where he spent nearly a decade editing and making digital content.

These days, Peter is all about keeping bettors in the loop about the biggest sports betting events, like the Super Bowl and March Madness. He's also always on top of the latest promo offers from the biggest sportsbooks so he can share the best deals straight with you.

One of his favorite ways to bet is using the Covers' player prop projections. He firmly believes you can find a lot of value in the four and five-star projections every day of the year with just a little attention to the totals and lines. For those of you new to the betting scene, he’s got some solid advice: "Start small. Pick a unit size that feels right for you and grow your bankroll over time."

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