BetMGM is a top-tier sportsbook and there is no doubt that their sign-up offers are among the best on the market. As of Wednesday, there are multiple BetMGM bonus code options for new users to pick from when creating an account.
The BetMGM bonus code LABSNEWS1500 unlocks a 20% deposit match up to $1,500. After you activate this offer, BetMGM will give you 20% of whatever you deposit in bonus bets. So to get the full $1,500, you must deposit $7,500 in cash into your account. There is also a 10x rollover requirement for this specific promotion. That means you have to place 10x the amount you receive in bonus bets in wagers within 30 days to withdraw your money. If you received the full $1,500 from this promo, you would have to bet $15,000 to fulfill the requirement. This offer is unavailable in Kentucky.
It is fair to say that BetMGM also has one of the best “bet and get” offers on the market. You can utilize BetMGM bonus code FLNEWSGET to get a deal where if you make a $10 bet on any game, you can get $200 in bonus bets. The outcome of the bet doesn’t matter in this scenario. Bonus bets received from this offer expire within seven days of being credited to your account. This offer can be used in most BetMGM states, including Kentucky.
There is also a Kentucky-specific offer that can be claimed by new users located in the state. By entering BetMGM bonus code LABSTOP during account creation, Kentucky bettors can get a “bet insurance” offer that returns up to $1,500 in bonus bets if their first bet loses. So if you were to wager $500 and lose, you would get $500 in bonus bets credited to your account.
With bonus bets received from BetMGM, it is important to remember that you do not get your original stake back when you use them in a wager, similar to other sportsbooks. However, you do keep all the profits if you win.
All of the BetMGM bonus codes listed cannot be used in New York, Nevada, and Washington DC.
Signing up with BetMGM
You will need to complete a few steps to sign up and start placing wagers with BetMGM.
- Go to BetMGM.com directly or click one of the BetMGM modules in this article.
- Complete the sign-up process using all your real information.
- Use BetMGM bonus code LABSNEWS1500 to get the 20% deposit match, or use the BetMGM bonus code FLNEWSGET to get the “bet and get” offer. Kentucky users cannot utilize the 20% deposit match offer. However, they can take advantage of BetMGM bonus code LABSTOP to get bet insurance up to $1,500 and are eligible for the “bet and get” offer as well.
- Make your first deposit. The minimum deposit possible is $10. If you use the 20% deposit match offer, you will get 20% of whatever you put in here in bonus bets.
- Place your first bet of at least $10. If you use the “bet and get” offer, you will get $200 in bonus bets after the bet is settled.
Using BetMGM bonus codes on the NBA
A good strategy for using bonus bets is by wagering on longshots, as that provides more value over time. The Timberwolves moneyline against the Suns is listed at +190.
There are some good reasons to pick the Timberwolves in this matchup. The Timberwolves will have a size advantage over the Suns due to their frontcourt of Rudy Gobert and Karl-Anthony Towns. Anthony Edwards should be able to do well against the Suns backcourt as well since neither Devin Booker nor Bradley Beal are considered good defenders.
Here is what could happen if you placed an $100 wager on the Timberwolves using bonus bets.
- If the Timberwolves win, you get $190 in profits credited to your account. However, you do not get the original $100 since the wager was made using bonus bets.
- If the Suns win, you will get no cash back because the bet lost.
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