BetMGM Bonus Code 'CVRBONUS1500': Make a $1,500 First Bet on Heat vs Cavaliers

Use BetMGM bonus code ‘CVRSBONUS1500’ to claim a $1,500 First Bet Offer. Sign up now and bet on Heat vs. Cavaliers tonight on ESPN!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Mar 5, 2025 • 17:35 ET • 3 min read
BetMGM Bonus Code for Heat vs Cavaliers
Photo By - IMAGN IMAGES

The Cleveland Cavaliers bring their 11-game winning streak into tonight’s ESPN matchup against the Miami Heat. New bettors can take advantage of BetMGM Sportsbook’s sportsbook promos and welcome offer by using the BetMGM bonus code ‘CVRSBONUS1500’ to unlock a $1,500 First Bet Offer. Place a real-money wager on the Heat vs. Cavaliers, and if your bet loses, BetMGM will refund your stake in bonus bets—up to $1,500.

BetMGM Logo
$1,500 in Bonus Bets
CVRBONUS1500

How the BetMGM $1.5K offer works for Heat vs Cavaliers

BetMGM’s welcome promotion is a great way to place a high-stakes wager with a safety net. To claim this offer, you must use the BetMGM bonus code ‘CVRSBONUS1500’ during registration and follow these key terms:

  • New users must deposit at least $10 after signing up.
  • Place a real-money wager on any market, including Miami Heat vs. Cleveland Cavaliers.
  • If your first bet loses, BetMGM will refund your stake in bonus bets—up to $1,500.
  • Bets over $50 will be refunded as five bonus bets, each worth 20% of the initial stake.
  • Bets under $50 will be refunded as a single bonus bet.
  • Bonus bets must be used within seven days and do not include the stake in any potential winnings.
  • Offer is unavailable in DC, NV, and NY.

With the Cavaliers playing at an elite level and Miami battling injuries, this game presents a prime betting opportunity. Whether you’re backing Cleveland to extend their streak or expecting Miami to pull off an upset, BetMGM’s welcome offer provides extra security on your first wager.

BetMGM odds for Heat vs Cavaliers


Offer available to first-time customers in the following states: AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR). Not available to residents of Ontario, CA.

How to use our BetMGM bonus code to make a $1,500 First Bet

  • Register: Sign up for a BetMGM Sportsbook account using the BetMGM bonus code ‘CVRSBONUS1500.’
  • Deposit funds: Make a minimum deposit of $10 to qualify for the offer.
  • Place a wager: Bet any amount on the Heat vs. Cavaliers game.
  • Receive bonus bets: If your first bet loses, BetMGM will refund your stake—up to $1,500 in bonus bets.

Sign up today and start betting with BetMGM! Read our full BetMGM bonus review 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 Bonus Bets Back Bet $5, Get $150, Win or Lose Bet $5, Get $150, If Your Bet 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 $150 Bonus Bets $150 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $10 $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.

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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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