Our Best BetMGM Bonus Code 'COVERS1550': Up to $1,550 Bonus Bets for Wild Card Saturday

Covers' new exclusive BetMGM welcome offer awards an extra $50 bonus bets with no strings attached when you sign up using "COVERS1550" and make your first bet. Plus if your first bet loses, you get your stake back in bonus bets.

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor
Jan 11, 2025 • 08:00 ET • 3 min read
BetMGM Bonus Code for EVENT
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As the NFL Wild Card Weekend heats up, two thrilling matchups take center stage: Pittsburgh Steelers vs. Baltimore Ravens and Los Angeles Chargers vs. Houston Texans. To add to the excitement, Covers offers an exclusive BetMGM welcome bonus for new customers. By using the BetMGM bonus code 'COVERS1550', you can enjoy a $1,500 First Bet Offer and $50 in bonus bets. Don’t miss out on this opportunity to enhance your betting experience during these must-watch games with new sportsbook promos!

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

How the BetMGM First Bet + $50 works for NFL Wild Card Weekend

BetMGM's welcome bonus is designed to give new bettors a significant boost. Here's a detailed breakdown of how you can take advantage of this offer:

$1,500 First Bet Offer

New customers using the BetMGM bonus code 'COVERS1550' can place their first bet with confidence. If your initial wager up to $1,500 doesn't pan out, BetMGM will refund the amount in bonus bets, giving you a second chance to win. Whether you're backing the Steelers against the Ravens or placing your hopes on the Chargers against the Texans, this offer provides a safety net for your first bet.

$50 Bonus Bets

In addition to the First Bet Offer, simply using the BetMGM bonus code 'COVERS1550' ensures you receive $50 in bonus bets. This added bonus is credited regardless of your first bet's outcome, allowing you to explore more betting options during the Wild Card Weekend.

Terms and Conditions

  • Eligibility: New customers only.
  • Minimum Deposit: A deposit of at least $10 is required to activate the bonus.
  • Wagering Requirements: Place your first wager on any eligible sports market.
  • Bonus Distribution: If your initial bet loses, BetMGM refunds the amount in bonus bets up to $1,500. Additionally, $50 in bonus bets is awarded to all eligible participants.
  • Expiration: Bonus bets must be used within seven days.
  • State Restrictions: This offer is unavailable in DC, NV, or NY.

Get in on BetMGM's Longest Touchdown Jackpot

BetMGM All Users
Place a TD scorer bet on Wild Card Weekend, win a share of $250k in bonus bets if they score longest TD of the week! Claim Now


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 an extra $50 bets with your BetMGM First Bet

Ready to place your bets on the Steelers vs. Ravens or Chargers vs. Texans? Here’s how to claim your BetMGM bonus:

  1. Sign Up: Create a new account on BetMGM and enter the BetMGM bonus code 'COVERS1550' during registration.
  2. Make a Deposit: Deposit at least $10 to qualify for the welcome offer.
  3. Place Your Bet: Bet on any sports market, including the NFL Wild Card Weekend games.
  4. Receive Bonus Bets: If your first bet loses, receive a refund in bonus bets up to $1,500. Additionally, enjoy $50 in bonus bets, no matter the outcome.
  5. Watch and Bet: Use your bonus bets to wager on the Steelers vs. Ravens and Chargers vs. Texans games for a more thrilling viewing experience.

For more insights, check out our BetMGM review.


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.

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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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