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BetMGM Bonus Code SI1500 for Saturday's NBA and College Basketball Action

Geoff Ulrich|
Use BetMGM bonus code SI1500 for Saturday's NBA and college basketball slate. Get up to $1,500 back in bonus bets if your first bet loses.
Use BetMGM bonus code SI1500 for Saturday's NBA and college basketball slate. Get up to $1,500 back in bonus bets if your first bet loses. | Sports Illustrated

Saturday's basketball slate delivers premium matchups across both NBA and college hoops. New users can claim up to $1,500 back in bonus bets with BetMGM bonus code SI1500 if their first wager loses. The code is required for this Feb. 28 welcome offer, perfect for betting on tonight's sportsbook promos.

How the BetMGM bonus code SI1500 works for Saturday's basketball games

The BetMGM bonus code SI1500 provides two different welcome offers depending on your state. Most states receive the First Bet offer up to $1,500, while Michigan, New Jersey, Pennsylvania and West Virginia get a Bet $10, Get $150 promotion.

For the First Bet offer, new users make their initial wager on any market, including tonight's Houston Rockets vs. Miami Heat or Virginia vs. Duke matchup. If your bet loses, BetMGM returns your stake up to $1,500 in bonus bets. Wagers over $50 receive five bonus bets worth 20% each of your qualifying wager, while smaller bets get one bonus bet equal to your stake.

Key terms include:
• Minimum $10 deposit required.
• Bonus bets expire after seven days.
• Code SI1500 must be entered during registration.
• Available in AZ, CO, IL, IN, IA, KS, KY, LA, MD, MA, MI, MO, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY plus DC and Puerto Rico.

For example, if you wager $500 on the Lakers vs. Warriors game and lose, you'd receive five $100 bonus bets totaling $500. If you bet $25 on Kansas vs. Arizona and lose, you'd get one $25 bonus bet.

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.

Steps to claim your BetMGM promo code for tonight's basketball slate

Follow these steps to secure your welcome bonus for Saturday's games:

  1. Click the registration link and enter BetMGM Sportsbook promo code SI1500 during account creation.
  2. Complete identity verification with your driver's license and personal information.
  3. Make your initial deposit of at least $10 using any accepted payment method.
  4. Place your first real money wager on any basketball market, such as Charlotte Hornets vs. Portland Trail Blazers or Texas Tech vs. Iowa State.
  5. If your bet loses, receive bonus bets within 24 hours to continue wagering on the remaining games.

Read our comprehensive BetMGM review for additional insights into the sportsbook's features and betting options.

Additional BetMGM Sportsbook promotions for existing customers

BetMGM consistently provides ongoing promotions for current users beyond the welcome offer. The sportsbook frequently features odds boosts, parlay bonuses, and special event promotions that enhance your betting experience. Check the 'Promos' tab within the BetMGM Sportsbook app to discover daily offers and enhanced payouts for basketball and other sports. These rotating promotions often include profit boosts for specific games and enhanced parlays for major matchups like Alabama vs. Tennessee or Arkansas vs. Florida.

  • 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.

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.

Published | Modified
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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