Introduction to BetMGM deposit bonus
BetMGM is a top sportsbook
BetMGM parlay boost bonus
The success and popularity of sign up bonuses is largely due to the fact that they are beneficial to both platforms and players. Welcome bonuses are a sportsbook’s calling card, which is why platforms strive to craft impressive bonuses to attract new customers. On the other hand, with these offers bettors have the opportunity to start off on the right footing to familiarize themselves with the platform.
In this respect, BetMGM’s deposit bonus meets and exceeds expectations, ranking as one of the
best sportsbook promotions
currently available on the market. This bonus in fact enables all new subscribers to bet just $5 and receive $158 in betting bonuses, by making a deposit of just $10. Moreover, to the delight of those who do not like complications, the offer does not even require the entry of any BetMGM bonus code.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
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How to use the BetMGM promo bonus
Part of the appeal of this bonus is how easy it is to obtain, as you don’t even need to enter a BetMGM promo code to claim it. However, to dispel any doubts we can go through the process of claiming and using this BetMGM sign-up offer step by step.
- Create a new account: Head to the main page of BetMGM official website and create a new account by clicking on “register”. Fill in the required personal details, such as your name, email address, password, and complete the registration.
- Make a deposit: Once you have completed your account, you will need to make an initial deposit to qualify for the bonus. The minimum deposit is just $10, but you can of course deposit more if you wish.
- Place a bet: After funding your account, you must place a qualifying bet of at least $5. You will be able to bet on any sport or market available on the platform.
- Receive the bonus: Once you place your bet, you will receive your bonus within 24 hours, regardless of the outcome of your bet. The bonus is awarded as two $50 bonus bets and one $58 bonus bet, making a total of $158.
- Using your bonus bets: To use your bonus bets, simply add a bet to your bet slip and click on “apply bonus bet”. This will display your eligible bonus bets, and you will be able to select the bonus you want to use.
- Wager the bonus: You can use your bonus to wager on any sports market available on BetMGM. However, keep in mind that each one of the three bonus bets can only be used once, and cannot be split in smaller separate wagers. You have 7 days to use all three bets.
- Withdraw your winnings: It is important to note that the bonus bet amounts are not withdrawable, so if your bet wins, the bonus amount will be deducted from the returns.
It is important to notice that terms and conditions might change, so it is worth checking the most up-to-date terms and conditions on the BetMGM website before signing up. A BetMGM sportsbook bonus code is not needed to claim the current promotion, but if that changes, you would enter it during the registration process.
Offer Comparison
If you live in a region where sports betting is legal, you’ll have access to a comparison table below. Compare how well BetMGM’s offer does when pitted against its closest rivals.
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| Bonus: |
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
|
Bet $5 Get $200 or $1000 First Bet Safety Net
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Bet $5 Get $300 in Bonus Bets if you win
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First bet back as a bonus bet up to $1000
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| Type: |
Welcome Bonus
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Welcome Bonus
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Welcome Bonus
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Welcome Bonus
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| Requirements (WR): |
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1x Bonus
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1x Deposit
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1x Deposit
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| Min. Deposit |
$10
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$10
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$10
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| Cashable: |
❌
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❌
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❌
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❌
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| Min. Odds |
-
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-500
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-
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Top 5 expert tips to take advantage of the BetMGM sign up bonus
Understanding how to properly use a bonus and its possible limitations is not always as easy as we would like. Sometimes the terms and conditions are confusing, overly complicated, or less clear than would be desirable; however, taking some time to thoroughly check the specific terms and conditions of the promotion, and the general terms of the platform, is never a waste of time, as it can allow you to spot important information or potential pitfalls. To get you started with the BetMGM offer, I have selected five crucial aspects of this bonus to keep in mind.
Keep an eye on the calendar
Your bonus bets have an expiration date, precisely seven (7) days from issue. To avoid losing the bonus, it is important to keep track of time, but you can easily do so by checking the Bonus Bets expiration information by visiting “My Account > Promotions > Sports.”
Calculate your potential winnings correctly
Potential return is one of the aspects we look at when deciding how and how much to bet, therefore it is crucial to be able to correctly calculate the potential winnings. In the case of this BetMGM deposit bonus offer, you should keep in mind that the value of a bonus bet, once redeemed, will not be included in any winnings.
For example, if you use one of the $50 bonus bets and you wager it with odds of -200, if your bet wins the total amount that would be credited to your balance is $25, because the value of the bonus bet will not be included. If you struggle to make calculations yourself, then you will benefit from using a
betting calculator, a subject I explore in other articles here at DunkorThree.
You will receive your $158 bonus bets divided into three parts, two bonus bets worth $50 each and one worth $58. The bonus is designed so that each bonus bet must be used at one time. This means that each bonus bet can only be placed as one straight bet, one Parlay or one Same Game Parlay and cannot be split into smaller bets. Therefore, with only three attempts available, it is advisable to carefully plan the use of your bonus bets ahead of time.
Do not confuse minimum bet with minimum deposit
This BetMGM sign-up bonus requires you to wager only $5 to get $158 in bonus bets, but you will need to deposit more than $5 in order to fund your account and qualify for the bonus. The minimum amount you can deposit on the platform is $10. This means that in order to claim the bonus you must deposit at least $10 and place a bet of at least $5.
As I outlined in my dedicated article “sports betting bonus types explained“, sports bonuses can be of different kinds, and different bonuses offered by the same platform tend to be mutually exclusive. For example, most sign-up bonuses preclude recipients from using other offers before they have fully used the welcome bonus, and this is also the case with BetMGM. So, you must avoid attempting to claim other offers before using your welcome bonus in full, or it could be removed from your account.
BetMGM reload offers - additional promotions available
At the time of this review, I was unable to confirm the presence of any reload offer at BetMGM. However, the platform has a plethora of ongoing promotions to boost your fun and enhance your betting experience. If you would like to learn more about this platform’s offerings you can take a look at my comprehensive BetMGM review, but some of the most relevant promotions currently available include the following offers:
- CBB Odds/Parlay Boost Token: This promotion allows you to get a 33% larger potential payout when you place a successful CBB bet or parlay wager.
- Tennis Odds Boost Token: Similar to the CBB Odds/Parlay Boost Token, this offer allows you to unlock 33% more in potential winnings when you place a tennis bet during the 2024 Australian Open.
- Parlay Plus: With this promotion you can win up to 40% more on successful parlays. To opt in for the Parlay Plus, you need to make from four to seven selections, on any combination of sports or events.
- Refer-A-Friend: BetMGM offers a generous refer-a-friend program that allows you to unlock $100 for each friend you invite that joins the platform. In order to receive the bonus, you need to send a friend an invitation via email, social media, or text, using a personalized referral code. Once your friend successfully opens an account, and wagers at least $100, you’ll both receive $100 in sportsbook referral bonus bets. However, you won’t be able to invite more than 20 friends.
BetMGM loyalty programs - MGM Rewards
BetMGM offers its members an exclusive loyalty program, known as MGM Rewards, which allows you to earn points and credits with your real-money wagers. Subscribers are automatically enrolled in the MGM Rewards once they register on the platform; therefore there is no need to opt in or apply for it, and you can start earning BetMGM Rewards Points and MGM Rewards Tier Credits as soon as you complete your account and start playing.
The Rewards Points can be redeemed for bonus credits that can be used in sport and casino bet credit on BetMGM platform, or be converted into MGM Rewards Points, redeemable at MGM Resorts Internationals for food and beverage, entertainment, hotel stays, and more. On the other hand, Tier Credits allow you to move up in tiers and unlock exclusive benefits. The system include five levels:
- Sapphire
- Pearl
- Gold
- Platinum
- Noir (admissions by invitation only)
Each level comes with its unique set of perks and benefits, which increase as you level up in the system, but some of the rewards you can find in this program include an annual Birthday Bonus Bet, a BetMGM Rewards Anniversary Bonus Bet, dedicated customer support and an increasing percentage of BetMGM Rewards Point Bonus on BetMGM Rewards Points earned via BetMGM play.
Overall conclusion on BetMGM deposit bonus
BetMGM already ranks as one of the best established online sportsbooks in the US, and its well-rounded offerings made this platform one of the most popular to-go destinations for sports betting enthusiasts of all kinds. However, its impressive no deposit welcome bonus is yet another reason to join the platform.
The offer itself is undeniably generous, awarding $158 in bonus bets for a very small deposit, and it is easy to claim, as it doesn’t require you to enter any BetMGM sportsbook promo code. Furthermore, it is quite versatile, as it can be used on any sports market available on the platform. All in all, this welcome offer is worth a try; it is well designed, and it will allow you to explore the platform’s betting options to the fullest.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
