Canelo Alvarez celebrates after defeating Billy Joe Saunders in a unified super middleweight world championship boxing match, Saturday, May 8, 2021, in Arlington, Texas. (AP Photo/Jeffrey McWhorter)

Canelo Alvarez fights for a world title Saturday in Riyadh, and this time he’s the one chasing the belt. BetMGM is offering new users bonus code FOXNEWS to cover their first bet up to $1,500. If it loses, BetMGM refunds your stake in bonus bets.

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How to Sign Up and Claim the BetMGM Sportsbook Bonus Code

1. Click any of the "Claim Bonus" buttons on this page. This will take you directly to the BetMGM app or website and automatically apply the promo code.
2. Select Sign Up and create a new account by entering personal details (name, email, date of birth, address and last 4 digits of SSN).
3. When prompted, enter bonus code FOXNEWS to ensure the offer is applied.
4. Make your first deposit of at least $10 using an accepted payment method (PayPal, Venmo, debit card, online banking, etc.).
5. Place your first real-money wager of up to $1,500 on Canelo vs. Mbilli.
6. If your first bet wins, you’re paid out in cash as normal.
7. If it loses, BetMGM refunds your stake in bonus bets.
8. Bonus bets are credited to your account within 24 hours once the qualifying bet settles.

Canelo Alvarez vs Christian Mbilli | Saturday, Oct. 31, 2026 | Kingdom Arena, Riyadh, Saudi Arabia | DAZN PPV

Mbilli (29-0-1, 24 KOs) walks in as the WBC super middleweight champion. Canelo (63-3-2, 39 KOs) walks in as the challenger for the first time since he moved up to fight Dmitry Bivol in 2022. The fight was originally set for Sept. 12 before a personal matter for Alvarez delayed it seven weeks, which means both fighters will have been out more than 13 months by the opening bell.

Canelo Has Something to Prove

The last time Canelo fought, Terence Crawford beat him by unanimous decision in Las Vegas. At 36, a second straight loss would raise real questions about how much he has left. He still brings 28 major title fights of experience into the ring, and his record in those fights is 25-3. Mbilli has never been on a stage close to this one.

Mbilli Has the Size

Mbilli is the bigger man, with about an inch of height and nearly two inches of reach on Canelo. He’s a pressure fighter with power, but his last outing was a split draw with Lester Martinez on the Canelo-Crawford undercard. Beating Canelo would turn a belt holder into the face of the division overnight.

Where the First Bet Cover Comes In

The moneyline isn’t the only way to play this fight. Method of victory and round props pay a lot more, and they’re harder to hit. That’s where a backstop on your first bet matters. Canelo by decision and by KO are priced the same, Mbilli by decision pays +450, and the total rounds line sits at 10.5. Take a bigger swing knowing BetMGM covers the loss up to $1,500.

Canelo vs Mbilli Odds

Odds are subject to change

Total Rounds: 10.5 (Over -475, Under +300)

A Mexican icon, an undefeated champion and a belt on the line. New users can cover their first bet up to $1,500 on Canelo vs. Mbilli with BetMGM bonus code FOXNEWS.