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BetMGM Bonus Code SI1500 Unlocks $1500 First Bet for Thursday's NBA, NCAAB, NHL Action
New bettors can claim a massive welcome offer with BetMGM bonus code SI1500 for Thursday's loaded sports slate. The $1500 First Bet promotion gives new users bonus bets back if their initial wager loses on NBA, NCAAB, NHL or World Baseball Classic markets. Thursday's action features Warriors-Rockets, conference tournament basketball, and Islanders-Kings. Check out the latest sportsbook promos available March 5.
How the BetMGM bonus code SI1500 offer works for Thursday's games
The BetMGM bonus code SI1500 delivers substantial value for new users ready to bet on Thursday's action-packed schedule. This BetMGM promo code requires the SI1500 code during registration and provides up to $1500 in bonus bets if your first real money wager loses.
Here's how the promotion breaks down:
• Make a minimum $10 deposit after using bonus code for BetMGM SI1500.
• Place your first real money bet on any market, including NBA games like Warriors-Rockets.
• If your bet wins, keep your winnings with no bonus bets awarded.
• If your bet loses, receive your stake back in bonus bets up to $1500.
• Wagers over $50 receive five bonus bets worth 20% of your stake each.
• Wagers under $50 receive one bonus bet equal to your stake.
• All bonus bets expire seven days after issuance.
For example, if you bet $1000 on the Warriors to cover the spread against Houston and they fall short, you'd receive five $200 bonus bets totaling $1000. If you wagered $25 on the Patriot League tournament and lost, you'd get one $25 bonus bet. The BetMGM Sportsbook promo code gives you a second chance to win on Thursday's compelling matchups across multiple sports.
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 Thursday's sports action
Getting started with your BetMGM bonus code is straightforward for Thursday's games. Follow these steps to unlock your welcome offer:
- Click the registration link and create your new BetMGM account using promo code SI1500.
- Complete identity verification by providing your driver's license information.
- Make your initial deposit of at least $10 to activate the promotion.
- Place your first real money wager on any available market, such as NBA totals or NCAAB tournament spreads.
- If your bet loses, receive bonus bets back up to $1500 within 24 hours.
- Use your bonus bets within seven days on additional markets before they expire.
New users can explore all available betting options and markets before making their selection. Read our comprehensive BetMGM review for additional insights into the sportsbook's features and offerings.
Additional BetMGM Sportsbook promotions for existing users
BetMGM consistently provides ongoing promotions and enhanced odds for existing customers beyond the new user welcome offer. Regular users can find daily profit boosts, parlay insurance offers, and special event promotions in the dedicated 'Promos' section of the BetMGM mobile app. These rotating offers often include enhanced payouts on popular betting markets, cashback opportunities on specific bet types, and exclusive access to special events and contests throughout the sports calendar.
- 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.
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.