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One of the first things to check out before you register with a bookie is their welcome offer. With that in mind, we took a detailed look at the BetMGM bonus for new players, along with a few other things.
BetMGM Bonuses and Promotions
Like many other sports betting websites, BetMGM also has a variety of promotions and bonuses for their new and active players. So, let’s check out the BetMGM bonus for new players first.
All About the BetMGM New Customer Offer
If you don’t already have an account with BetMGM, you can claim their welcome offer when you register with the bookie. The BetMGM deposit bonus is actually a risk-free bet up to $1,000 and you can claim it both on the website and on the BetMGM Sportsbook app.
How to Claim the New Customer Offer at BetMGM
- Open a new account at BetMGM
- Use our BetMGM promo code WABPLAY during registration
- Make your first deposit
- Place your qualifying bet
- Claim the amount you wagered in free bets if your first bet loses, up to $1,000
- Use the free bets
BetMGM New Customer Offer – Terms and Conditions
There are a few terms and conditions to keep in mind before you can claim the welcome offer at BetMGM. First of all, you have to deposit at least $10 before you can place your qualifying bet. Also, keep in mind that you only get the bonus if your qualifying bet loses – you don’t get anything if your first bet is a winning one.
You can place your qualifying bet on any sport and odds and if your qualifying bet losses, you can get up to $1,000 back in free bets. If your qualifying bet is greater than $50, you will get your free bets in 20% increments. For example, if your place a $1,000 qualifying bet and it losses, you will get five free bets worth $200 each. However, if your qualifying bet is lower than $50, you will get one free bet in the amount that you wagered.
Once your qualifying bet is settled, you will get your free bets within 24 hours. You can use your free bets on any sports and odds, but keep in mind that you only get to keep the winnings, not the free bet amount. For example, if you place a $200 free bet on +200 odds, you will get to keep the $400 that you won, while the $200 that you wagered using the free bet will not be added to your balance.
You have 7 days to use your free bets and you have to use them to bet on sports, not casino games, live casino, or poker. Free bets can’t be redeemed for cash – they have to be used to place a bet. Also, free bets are not eligible for the Cash Out feature at BetMGM.
Other BetMGM Bonus Options and Promotions
BetMGM always has a variety of promotions and bonuses for active players, but they aren’t necessarily the same in all states. So, while you may see a BetMGM deposit bonus in one state, you may only get parlay insurance or risk-free bets in another state.
That being said, most of the promotions found at BetMGM are related to football and focused both on NFL and college football. This includes one-game parlay insurance, risk-free bets for betting on TD scorers, a raffle for NFL tickets, a weekly free bet for betting on NFL or NBA, etc.
Here are a few current promotions available in most states that you can take advantage of:
- College Football One Game Parlay Insurance up to $50
- NFL One Game Parlay Insurance up to $25
- King of the Weekend – Free-for-All $50,000 cash pool for predicting highest-scoring NFL teams
- English Premier League One Game Parlay Insurance up to $50
- Money Monday Club – Get a $10 free bet every week if you bet $50 during the previous week
Betting on BetMGM – Frequently Asked Questions
Is the Welcome Offer on the Site a BetMGM Deposit Bonus?
No, the BetMGM welcome offer is a risk-free first bet worth up to $1,000.
What Payment Methods Are Available at BetMGM?
BetMGM offers a variety of payment options, including different credit or debit cards, bank transfers, e-check, PayPal, Play+ Prepaid Card, PayNearMe, and others.
Can I Bet on My Mobile Phone or Tablet?
Yes, BetMGM has a mobile app that you can use to place bets on any mobile device, both for iOS and Android users.
Is There the Cash Out Feature Available at BetMGM?
Yes, the Cash Out feature is available at BetMGM, but only on some bets and certain sports and games.
Can I Place a Bet on Live Games at BetMGM?
Yes, BetMGM has a great selection of in-play betting markets for different sports and leagues. Some of those matches also come with live streams you can watch.