BetMGM Bonus Code 'CVRBONUS1500': Get Bonus Bet Back If Your Michigan vs Illinois Bet Loses

Bet on Michigan vs. Illinois today with BetMGM bonus code ‘CVRBONUS1500’ to unlock a $1,500 first bet offer.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Oct 19, 2024 • 14:22 ET • 3 min read
BetMGM Bonus Code for Michigan vs Illinois
Photo By - Imagn Images

BetMGM Sportsbook offers new customers the chance to secure a $1,500 first bet with the BetMGM bonus code ‘CVRBONUS1500.’ Wager on today’s Michigan vs. Illinois game, and if your first bet loses, BetMGM will refund your stake in bonus bets.

With Michigan facing a tough road matchup against Illinois, this offer provides peace of mind, allowing you to bet big without worrying about losing your stake. Just deposit a minimum of $10 and place your first bet to activate the offer.

BetMGM Logo
$1,500 in Bonus Bets
CVRBONUS1500

How BetMGM's First Bet offer works

BetMGM Sportsbook’s welcome offer for new users requires entering the BetMGM bonus code ‘CVRBONUS1500’ at registration. Once registered, users must deposit at least $10 and place their first wager on the Michigan Wolverines vs. Illinois Fighting Illini game or any other event. If the initial bet wins, you receive your payout as usual. If it loses, BetMGM refunds your stake as bonus bets.

The refund will be processed within 24 hours, with bonus bets expiring after 7 days. If your first bet is under $50, you will receive a single bonus bet equivalent to your original stake. For bets over $50, the refund will be divided into five bonus bets, each worth 20% of the total stake. The bonus bet winnings will not include the stake, only the profit, making it essential to plan your bets carefully.

This BetMGM bonus code offer is available until Dec. 31, 2024, but Michigan vs. Illinois presents the perfect opportunity to use it. With Michigan fighting to bounce back and Illinois pushing to maintain momentum, it’s a great game to use your first wager with the security of BetMGM’s welcome offer.


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 our BetMGM bonus code

Follow these steps to claim BetMGM’s offer and bet on Michigan vs. Illinois:

  1. Register: Create your account on BetMGM’s app or website using promo code ‘CVRBONUS1500.’
  2. Deposit: Make a minimum deposit of $10 to fund your account.
  3. Place a Bet: Bet on Michigan vs. Illinois or another event. If your first bet loses, you’ll receive your stake back as bonus bets.
  4. Use Bonus Bets: Plan carefully, as bonus bets expire after 7 days.

Read our BetMGM review for more details.

BetMGM odds for Michigan vs Illinois


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 Bonus Bets Back Bet $5, Get $200, Win or Lose Bet $5, Get $300 If It Wins
Promo Code CVRBONUS1500 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 $300 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $10 $5 $5

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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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