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BetMGM Bonus Code SI1500 for Tournament Round 1: Up to $1500 First Bet Offer

Geoff Ulrich|
Use BetMGM bonus code SI1500 for March Madness Round 1 betting. Get up to $1500 back in bonus bets if your first wager loses on BYU vs Texas and more.
Use BetMGM bonus code SI1500 for March Madness Round 1 betting. Get up to $1500 back in bonus bets if your first wager loses on BYU vs Texas and more. | Sports Illustrated

Round 1 delivers thrilling matchups, and new bettors can capitalize with the BetMGM bonus code SI1500. This welcome offer provides up to $1500 back in bonus bets if your first wager loses on games like BYU vs. Texas or Gonzaga vs. Kennesaw State. Take advantage of current sportsbook promos available through March 19.

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How the BetMGM bonus code SI1500 works for March Madness betting

The BetMGM bonus code SI1500 offers new users protection on their first wager up to $1500. After registering and making a minimum $10 deposit, place your first bet on any Round 1 game. If your wager loses, BetMGM returns your stake in bonus bets.

Key terms include:

  • Bonus code SI1500 required during registration.
  • Minimum $10 deposit to qualify.
  • Bonus bets expire after seven days.
  • Wagers over $50 receive five bonus bets worth 20% each of the original stake.
  • Wagers under $50 receive one bonus bet equal to the stake.

For example, if you bet $500 on BYU to cover the spread against Texas and lose, you would receive five $100 bonus bets totaling $500. If Gonzaga fails to cover against Kennesaw State on a $1200 wager, you get five $240 bonus bets worth $1200 total.

This BetMGM promotion is available to first-time users in the following states: AZ, CO, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MS, NC, NJ, OH, PA, TN, VA, WV, WY. It is not available in NV, NY, or Ontario, Canada.

How to claim your BetMGM promo code for Round 1

Follow these steps to secure your welcome bonus and bet on Thursday's tournament action:

  1. Click the registration link and enter bonus code for BetMGM SI1500 during account creation.
  2. Complete identity verification with your driver's license and personal information.
  3. Make a minimum $10 deposit using your preferred payment method.
  4. Place your first real money wager on any Round 1 game, including Saint Mary's vs. Texas A&M or Houston vs. Idaho.
  5. If your bet wins, withdraw your winnings immediately; if it loses, receive bonus bets within 24 hours.

Read our comprehensive BetMGM review for additional insights on features and betting options.

Additional BetMGM Sportsbook promotions for college basketball

Beyond the welcome offer, BetMGM regularly features ongoing promotions for existing customers during the tournament. The sportsbook frequently provides odds boosts, parlay insurance, and tournament-specific bonuses throughout the event. Check the 'Promos' tab in your BetMGM Sportsbook app to discover daily enhanced odds and special college basketball betting opportunities.

These recurring promotions complement your initial BetMGM Sportsbook promo code experience and provide continued value as you follow the tournament's progression.

  • Welcome to MGM Rewards: Earn MGM Rewards Points and redeem them for hotel stays, dining, entertainment, and other exclusive perks.
  • BetMGM has two separate welcome offers, each restricted to specific states. The $1,500 First Bet promotion is available to new customers in AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY, as well as DC and PR. By using bonus code COVERS and depositing at least $10, players can place their first wager and receive bonus bets back—up to $1,500—if it loses. In contrast, the Bet $10, Get $150 offer is limited to MI, NJ, PA, and WV. With bonus code COVERSBONUS, new users who deposit $10 and place a $10 bet will earn $150 in bonus bets if that wager wins. Both deals are state-specific and only available to new registrants in eligible markets.

BetMGM is just one of the many March Madness betting sites offering March Madness betting promos this week. Claim more than $10K in offers by signing up to multiple sportsbooks.

Odds refresh periodically and are subject to change. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.

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Geoff Ulrich
GEOFF ULRICH

Geoff is an analyst in the sports betting industry who has over a decade of experience creating content. As a former online poker player who used to multi-table 20+ tournaments at the height of the poker boom, he’s been an active gambler for the majority of his adult life and has always strived to be a +EV sports bettor. His foray into sports saw him develop a deep love for betting on the NFL and golf, where he continues to tilt the same group of PGA players every Sunday. As a writer, he loves providing actionable pieces of content, and his goal is to always search for an original or under-appreciated piece of information that gives his readers an edge. Geoff has a B.A. in English, an After Education Degree, and a Juris Doctor in Law from the University of Alberta. He’s had his work published by larger betting sites like DraftKings and been featured as a betting analyst and daily fantasy writer by some of the largest networks and sporting leagues in the world. His knowledge of betting and industry experience allows him to create reliable and original betting content and sportsbook reviews that readers can not only trust but also rely on when choosing which site to deploy their bankrolls. In his spare time, Geoff enjoys running with his English Springer Spaniel Pepper and staying up late to watch European golf.

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