You can find many welcome promos from sports betting sites as a new bettor in over 20 sports betting states. The BetMGM bonus code offers provide some of the highest total value around and you can select one of two in most locations besides New York.
Here are the two current welcome promos you can find upon creating a new BetMGM account.
20% deposit match up to $1,600 in sports bonus
Your first $10+ deposit is matched up to a maximum $1,600 bonus with an $8,000 deposit. You won’t need a first bet to earn the bonus because it’s earned through the deposit alone.
However you’ll need to follow these requirements after receiving your bonus:
- Use the sports bonus within seven days to potentially profit cash
- Cash bet 10x the bonus earned within 30 days to access your cash winnings
First bet insurance up to $1,500 in bonus bets
This is the highest value first bet insurance currently available among popular sportsbooks. The higher value allows you to place a bigger first wager knowing you’re covered by bonus bets if the bet doesn’t go your way.
Meanwhile, a win doesn’t earn the bonus but profits cash just like any other wager on the platform.
Can I bet playoff games on BetMGM?
Yes, BetMGM offers regular season and playoff matchups. Thursday night includes two potential elimination games in the NBA postseason.
As a hockey fan, I can also find an elimination game in the Stanley Cup Playoffs between the Boston Bruins and the Toronto Maple Leafs. However, you can activate each offer with any sport available on the BetMGM platform.
Details of each BetMGM offer
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You don’t need an initial wager to qualify for the BetMGM deposit match. However, you’ll need to make both cash bets and sports bonus wagers upon setting up a new account.
Imagine I make a $500 deposit and earn $100 in sports bonus.
First, I’ll need to use the sports bonus within seven days on any wagers in the platform. However, if I profit cash, I can’t withdraw it until I meet the 10x wagering requirement.
Next, I earned $100 of bonus, meaning I’ll need to bet $1,000 in total cash bets within 30 days. Once I meet this requirement, the cash in my account is available for withdrawal.
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The first bet insurance is simpler to navigate and only has two outcomes. Your first bet can be any size as long as you make at least a $10 deposit.
Let’s say I bet $500 on a +199 two-leg parlay for the Pacers and Knicks to close out their respective series and move on to the second round.
- I would profit $995 and keep my $500 stake if the parlay hits
- In a loss, BetMGM deposits $500 in bonus bets over a series of bonus bet payments to recover my stake
Just like the bonus from the deposit match, these bonus funds last for seven days and can be used to fund bets in the platform.
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