Basketball fans can go big on college basketball or the NBA this weekend with BetMGM bonus code NEWSWEEK1500. This offer unlocks a $1,500 first bet for players to use on college basketball conference tournament games, Saturday NBA matchups and more.This offer will set up first-time players with a massive opportunity. BetMGM Sportsbook is willing to back up any losses up to $1,500 on that first bet. Although there are plenty of options in the NBA this weekend, we expect to see a lot of interest in college basketball. There are conference tournament games led by Tennessee-Auburn, Florida-Alabama and Michigan-Maryland on Saturday, to name just a few.Ahead of tipoff, activate this new promo in time to go all in on the action.BetMGM Bonus Code NEWSWEEK1500 Offers $1,500 College Basketball PromoThis BetMGM promo is one of the highest-potential offers out there for college basketball fans this weekend. Remember, players who lose on that initial wager will get bonus bets back. For example, someone who loses on a $1,500 first bet will get five $300 bonus bets back.It's worth noting that players do not need to place a $1,500 first bet to activate this offer. Each player can choose how much to wager with full backing from BetMGM Sportsbook.While this offer applies to a wide range of markets like the NBA, NHL, tennis and golf, plenty of attention will be on college basketball as conference tournaments wrap up with semifinal and final matchups all weekend. There are 22 college basketball games on Saturday, to be exact, and 11 different teams will punch tickets to the tournament next week.Other Offers Available on College Basketball, NBAThe $1,500 first bet is the perfect starting point for players this weekend. This is an opportunity to place a larger-than-usual wager on a game. A loss will trigger a refund in bonus bets.However, there are other offers available on the NBA and college basketball. Grab a daily odds boost for any college basketball game. Pick a market to place a wager and apply this odds boost token in your betting slip.Additionally, players can get a no-sweat token on the NBA, NHL, college basketball or any other sport. A no-sweat offer provides players with a chance to get bonus bets back on a losing wager.How to Sign Up With BetMGM Bonus Code NEWSWEEK1500Remember, this promo is only available for first-time depositors on BetMGM Sportsbook. For a full breakdown of the registration process, refer to the outline below: After reaching a sign-up landing page, make sure to input bonus code NEWSWEEK1500. This will automatically activate this offer. Next, complete all the required fields with basic identifying information. This will include name, date of birth, email address, mailing address and other pertinent information. Deposit cash using any of the secure payment methods. Online banking, PayPal, credit cards and debit cards are all popular deposit methods. Start with the $1,500 first bet on college basketball or any other game. Anyone who loses on that initial wager will be eligible for up to $1,500 back in bonuses. 21+ and present in participating states. Gambling problem? Call 1-800-Gambler.Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.