BetMGM Bonus Code 'CVRBONUS1500': Make a $1,500 First Bet on SMU vs Penn State

Get up to $1,500 First Bet Offer for SMU vs Penn State using BetMGM bonus code CVRBONUS1500. Don’t miss this College Football Playoff promo!

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Dec 21, 2024 • 10:36 ET • 3 min read
BetMGM Bonus Code for SMU vs Penn State
Photo By - Imagn Images

The BetMGM bonus code CVRBONUS1500 unlocks a first bet offer up to $1,500. Place your first wager on SMU vs. Penn State and receive bonus bets if your bet loses.

BetMGM Logo
$1,500 in Bonus Bets
CVRBONUS1500

How the 'First Bet' offer works for SMU vs Penn State

  • Eligibility: Available to new users in most states (excludes DC, NV, NY) who sign up with BetMGM bonus code "CVRBONUS1500." 
  • Terms: Place a minimum $10 deposit and a qualifying wager. If your first bet loses, BetMGM will return your stake as bonus bets, up to $1,500.
  • Bonus Distribution: Wagers under $50 receive one bonus bet equal to your stake. Wagers over $50 receive five bonus bets, each worth 20% of your initial bet.
  • Expiration: Bonus funds must be used within seven days.

This offer is valid through Dec. 31, 2024, so don’t miss out on this generous promotion.


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 the BetMGM bonus code this weekend

  1. Sign Up: Use BetMGM bonus code CVRBONUS1500 during registration.
  2. Deposit: Add at least $10 to your account.
  3. Wager: Place your first bet on SMU vs. Penn State or another market.
  4. Receive Bonus Bets: If your bet loses, bonus bets will be credited within 24 hours.

For a deeper dive, read our full BetMGM review.

BetMGM odds for SMU vs Penn State


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 Bet $5, Get $150 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 $150 Bonus Bets $150 Bonus Bets
Wagering Period Seven Days Seven Days Fourteen Days
Min. Deposit $5 $5 $10

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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