BetMGM Bet $10 Get $200 Promo - Offer Expired | For New Bonus - Use Promo Code SQORE
Last updated July 2, 2025

BetMGM’s lineup of new user promos might look a little different these days, but they’re still giving bettors something to talk about. The fan-favorite “Bet $10, Get $200” offer is now in the rearview mirror—it officially ended back in November 2024 - but BetMGM hasn’t left new players empty-handed. Depending on where you’re signing up, you can get $150 in bonus bets just by putting $10 on the line, or go with the First Bet Offer basically a safety net that gives you up to $1,500 back in bonus bets if your first bet doesn’t hit. The process is about as hassle-free as it gets, and payouts are as reliable as ever. If you’re signing up, just punch in the BetMGM promo code SQORE to take advantage of what’s out there right now.
BetMGM Bet $10 Get $150 Promo Code
Following the retirement of the fan-favorite “Bet $10, Get $200” promo, BetMGM dialed it back a notch - but it’s still a solid value. Here’s the breakdown on the current Bet $10 get $150 offer:
Who it’s for: Available to new users in Michigan, New Jersey, Pennsylvania, and West Virginia.
How it works: Place a $10 real-money wager on your first bet. If it wins, BetMGM grants you $150 in bonus bets on top of your payout.
Bonus terms: These bonus bets expire after 7 days and carry a simple 1x rollover—no confusing rules about odds or parlay requirements.
Promo code to use: SQORE
Minimum deposit: Just $10 - makes this one of the most accessible entry points.
This offer mirrors the simplicity that made the old $200 promo so popular—but with slightly less upside. Still, getting 15x your stake feels pretty good, and the straightforward terms make it an easy decision for new bettors.
Alternatively, those located in other legal states can follow these steps to get their First bet promo up to $1500:
BetMGM Sportsbook | Promotion Info |
🎁 Promo Offer | Bet $10, Get $150 If Your Bet Wins |
🇺🇸 Available in: | MI, NJ, PA, WV |
🎁 Promo Offer | Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win |
🇺🇸 Available in: | AZ, CO, IN, IA, IL, KS, KY, LA, MD, NC, OH, TN, VA, DC, WY |
✅ BetMGM Bonus Code: | SQORE |
❗Terms & Conditions: | *Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. |
💰 Minimum deposit: | $10 |
🗓️ Days to use bet credits: | 7 days |
⭐ Promo Rating | 5/5 |
GAMBLING PROBLEM? Call 1-800-GAMBLER (Available in the US)
Call 877-8-HOPENY or text HOPENY (467369) (NY)
Call 1-800-327-5050 (MA)
21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel.
See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
BetMGM $1,500 First Bet Promo
For anyone stepping into the world of online sports betting, that first wager always feels like a leap. BetMGM’s $1,500 First Bet Offer is designed to make that jump a little less daunting. Instead of putting your opening stake at risk, BetMGM gives you a genuine safety net: if your first real-money bet doesn’t go your way, you’ll receive the full amount back up to $1,500 in bonus bets.
Here’s how it works in practice:
New users make a qualifying deposit (the minimum is just $10), then place their first bet on any sporting event. If the bet wins, fantastic—you collect your payout and move on. If it loses, BetMGM credits your account with bonus bets matching your original stake. For wagers under $50, you get a single bonus bet. Bets $50 or more are refunded in five equal bonus bets, which can be used separately. You have seven days to use these bonus tokens, and any winnings are yours to keep (though the bonus amount itself isn’t returned).
There’s no fine print to trip you up here—no sneaky odds restrictions or convoluted rollover requirements. The offer is available in most BetMGM states using promo code: SQORE.
Why does this matter?
For many first-time bettors, the fear of immediately losing their deposit is real and not unwarranted. BetMGM’s insurance-style offer acknowledges that anxiety and responds with something rare in this space: actual peace of mind. Whether you’re betting $50 or $1,500, your initial experience isn’t a coin flip with your cash on the line.
As someone who’s worked behind the scenes in this industry for years, I can say that offers like this clear, straightforward, and genuinely player-friendly—are the exception, not the rule. They’re structured for real people, not just for show in a marketing email.
Quick Recap:
Qualify with a $10+ deposit
Place your first wager—any event, any market
If it loses, get 100% back in bonus bets (up to $1,500)
Bonus bets split into five if your wager is $50 or more
Seven days to use your credits—no complicated strings attached
It’s an approach that puts players first. So, whether you’re a cautious newcomer or a confident high-roller, the $1,500 First Bet Offer gives you the breathing room to get started on your own terms. And honestly, that’s something every sportsbook should strive for but very few actually deliver.
How It Compares
Offer Type | Ideal For | What You Get |
---|---|---|
Bet $10 → Get $150 | Bettors in MI, NJ, PA, WV aiming for max return | Easy 15× on a $10 bet if it wins |
$1,500 First Bet | Bigger bettors across most states wanting peace of mind | Full refund (as bonus bets) if the first bet loses |
How to get the $200 bonus on BetMGM - This offer has expired

New customers can use the BetMGM bonus code to get a Bet $10, Get $200 in bonus bets offer bye wagering on any game of their choice in the NFL, NBA, NHL or College Football and Basketball. That potential for a greater than 20-1 return or more win or lose places this as the top sportsbook promo available. Whether your bet wins or loses, BetMGM will reward you with $200 in bonus bets, split into four $50 bonus bets. These must be used within seven days of issuance.
Use the $200 in bonus bets on Straight bets, Parlay bets, Same Game Parlay bets and more. This offer is only available in AZ, CO, DC, MA, MD, NC, and VA.
Terms and Conditions for the BetMGM new user bonuses
- To take advantage of the BetMGM "bet 10 get 200" offer, new customers must enter the promotional code during registration.
- Eligibility requires being at least 21 years old and living in Arizona, Colorado, DC, Massachusetts, Maryland, North Carolina, or Virginia.
- This promo code ensures that upon placing a first bet of $10, you'll receive $200 in bonus bets, paid four $50 bonus bet tokens.
- Bonus bets must be used within seven days after they are credited to your account.
Why is the BetMGM Bonus so good?
✅ Top Notch Welcome Offer - Guaranteed bonus! $200 in bonus bets credited, win or lose!
✅ Free Contests - Play for a chance of $1 Million in bonus bets and a Vegas prize package for the big game during the NFL playoffs.
✅ Odds Boosts - Boost your odds up to 50% on same-game parlays.
Is the Bet $10 Get $200 BetMGM free?
No, the BetMGM 'Bet $10, Get $200 in bonus bets' promotion is not completely free. To qualify, new users are required to deposit and wager at least $10 on any sports event. Regardless of whether the initial bet wins or loses, BetMGM will then credit $200 in bonus bets to the user's account.
Does BetMGM have a promo?
Yes, BetMGM currently offers two promos for new users:
- Bet $10, Get $150: Place a $10 bet, and if your bet wins, you'll receive $150 in bonus bets in addition to your winnings.
- $1,500 First Bet Offer: Get up to $1,500 back in bonus bets if your first bet loses.
Bonus bets expire in 7 days and cannot be withdrawn as cash.
Is the BetMGM promo legit?
Absolutely. BetMGM is a reputable online sports betting and casino platform that offers new users a generous sign-up bonus. With BetMGM, members can engage in real-money betting on a wide range of sporting events worldwide and +500 online casino games, available 24/7.
Does BetMGM have a no deposit bonus?
Yes, BetMGM Casino offers a $25 no deposit bonus for new users. You must claim the bonus within 3 days of account registration. If you win, you can withdraw your winnings after meeting a 1x wagering requirement within 7 days.
Current BetMGM Bonuses - Sportsbook & Casino Welcome Offers
Unlock incredible value with BetMGM! Their sports betting and casino promotions on the iOS and Android apps offer unbeatable deals in the United States. Don’t miss out on a fantastic new casino offer and a lucrative promotion for new sportsbook customers. Explore the table below for all the current offers available in your state and seize the opportunity today!
🏅BetMGM SPORTS BONUSES🏅 | Promotion Info |
🏈 BetMGM Sportsbook Bonus: | Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win |
🎁 Promo Code: | SQORE |
❗Sportsbook Terms & Conditions: | Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms. |
🇺🇸 Available in: | All Legal States apart from New York, Puerto Rico, or Nevada |
🎰BetMGM CASINO BONUSES🎰 | Promotion Info |
🎰 MI, NJ & PA Casino Bonus: | $25 No Deposit Bonus & 100% Deposit Match Up to $1000 |
🎰 West Virginia Casino Bonus: | $50 No Deposit Bonus + 50 Bonus Spins & 100% Deposit Match Up to $2500 |
🎁 Promo Code: | SQORECASINO |
GAMBLING PROBLEM? Call 1-800-GAMBLER (Available in the US)
Call 877-8-HOPENY or text HOPENY (467369) (NY)
Call 1-800-327-5050 (MA)
21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel.
See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
Casino Offer: 100% Deposit Match + $25 on the house

Signing up for BetMGM Casino comes with a little surprise right out of the gate. When you register for a new account using the promo code SQORECASINO, BetMGM immediately credits your account with $25 in bonus funds no deposit required. It’s instant, and it’s a pretty generous way to get your feet wet if you’ve never played online before. Just keep in mind: while you can start spinning or playing table games with those bonus credits right away, you’ll only be able to withdraw any winnings after you’ve made your first deposit. It’s BetMGM’s way of giving you a head start while also nudging you to commit when you’re ready.
Once you do make that first deposit, BetMGM turns things up a notch. The casino matches your deposit 100%, effectively doubling your bankroll with bonus credits. For example, if you add $200, you get another $200 as a bonus, making your total balance $400 to play with. The limits are quite generous, too—in Michigan, New Jersey, Pennsylvania, and West Virginia, the match goes up to $2,500, with extras like a $50 casino bonus and 50 bonus spins in some states. Not a bad way to start exploring the slots and table games.
Understanding the 100% Deposit Match
A 100% deposit match is exactly what it sounds like: whatever you put in, BetMGM matches—dollar for dollar—up to the offer’s cap. So if you decide to deposit $500, they’ll tack on another $500 in bonus funds. If you go over the maximum limit (say, you deposit $3,000 on an offer capped at $2,500), you’ll still get the $2,500 max bonus, but anything above that is all yours, with no extra bonus. It’s a classic offer in online gaming, but it’s popular for a reason—it gives you twice as many chances to chase that big win or simply try new games you might’ve skipped otherwise.
About That $25 Freeplay Promo Code
The $25 freeplay bonus is straightforward: enter SQORECASINO during registration, verify your account, and BetMGM hands you $25 in bonus credits on the spot (or $50 if you’re signing up from West Virginia). No deposit, no hassle. These funds can be used on a wide mix of slots and jackpot games, making it easy to jump in and try your luck—sometimes, that first spin can be the most exciting.
Earning No Deposit Bonus Money Beyond the Welcome Offer
Looking to keep the bonus train rolling? BetMGM’s Refer-a-Friend program is another easy way to pad your account. Share your unique referral link with friends; when they sign up and verify their account, both of you get rewarded with site credits. Each player can invite up to 20 friends—so yes, you could earn up to $1,000 in bonuses just by spreading the word. It’s a win-win: your friends discover a new place to play, and you both walk away with something extra to try your luck.
How Does The BetMGM Bonus Compare To Other Bet-and-Get Bonuses
While the Bet $10 Get $200 from BetMGM is popular, other ways exist to SQORE $200 In Bonus Bets… What if I told you that betting $25 can get you close to $1000 in bonus bets, or you only needed to risk $5 to get the same $200 in bonus bets? No, I'm not crazy. Check these Bet-and-Get offers at legal US sportsbooks:
BetMGM | DraftKings | Bet365 | FanDuel |
---|---|---|---|
Bet $10 Get $200 | Bet $5 Get $200 | Bet $5 Get $150 | Bet $5 Win $150 |
Claim Now | Claim Now | Claim Now | Claim Now |
If you take advantage of BetMGM, Draftkings, Bet365, and Fanduel welcome offers, you could bet $25 and get $700 in bonuses.
Bet & Get Highlights
- DraftKings - To qualify for the DraftKings 'Bet 5, Get 200' offer, sign up for a new account, deposit at least $5, and place a $5 bet. Once your bet is settled, DraftKings will credit your account with $200 in bonus bets, issued as ten $25 bonus bets. Additionally, new users receive a free month of NFL+ Premium.
- bet365 - New Bet365 users can choose the 'Bet $5, Get $150' bonus offer. Use the Bet365 bonus code SQOREBONUS to claim $200 in bonus bets, guaranteed when you place a $5 first bet on any sports market with odds of -500 or longer. Alternatively, users can choose a $1,000 First Bet Safety Net.
- FanDuel - Sign up for FanDuel Sportsbook and deposit at least $10. Place a first cash wager of $5 or more, and if your bet wins, you'll receive $150 in Sportsbook Bonus Bets. Bonus bets will be credited within 72 hours of your winning bet's settlement.
Activating Your BetMGM Promo Code Step-by-Step:
Not sure what to do? Need help activating your BetMGM promo code, just follow these steps:
During registration, input the bonus code “200SQORE” to activate the promotion.

Complete the necessary identity and location verification to ensure compliance with legal requirements.

Choose a secure payment method and deposit at least $10 to qualify for the promo.

Bet $10 or more on any sports market within the BetMGM Sportsbook.

Get $200 in bonus bets paid out as 4x$50 bonus bets. This offer is limited to one per person. Bonus bets must be used within seven days before they expire.
If you win and want to a withdrawal BetMGM allows users to withdraw up to $25,000 per transaction from their account.
Promotions for Existing BetMGM Users

BetMGM keeps the momentum going for current players with a diverse menu of ongoing promotions:
1. Refer‑a‑Friend Bonus
Existing users can refer friends to BetMGM and earn $100 in sportsbook bonus bets for each friend who deposits and places a qualifying wager. You can earn up to 5 referrals per month ($500 total) if each referee meets the minimum deposit and wagering criteria.
2. Daily Odds Boosts (Lion’s Boost)
Every day, BetMGM highlights one market via “Lion’s Boost,” offering enhanced odds—all users can claim these boosts directly from the Promotions tab.
3. Parlay and Same‑Game Parlay Insurance
BetMGM often includes parlay enhancements and insures same-game parlays in key sports like the NBA and MLB. If your bet misses by a specific outcome (e.g., one leg in a parlay), you receive your stake back as a bonus bet.
4. Second‑Chance Offers
During certain sports seasons, BetMGM activates “Second Chance” promos—for example, refunding your wager on a failed first touchdown scorer or last-minute field goal pick.
5. “Swing for the Fences” Free‑To‑Play Game
A daily free-to-play baseball-themed game where users can earn bonus bets and tokens—no deposit required. Regular participation can yield meaningful bonus credits.
Bonus bets you earn through these offers usually have a seven-day window before they expire, so it pays to check the details before you start placing wagers. If you’re already a BetMGM customer, most of these promos are just a click away under your account’s “Promotions” tab. New deals roll out all the time—whether it’s daily odds boosts, parlay insurance, or something tied to the latest big event—so it’s worth checking back regularly to see what you can use.
That’s the real upside here: even after you’ve used up your sign-up bonus, BetMGM keeps regulars in the mix with solid, rotating offers. It’s a smart way to keep things interesting, week after week.
Where Is BetMGM Sportsbook Available

BetMGM Sportsbook is up and running in most of the legal sports betting states across the U.S. Here is where you can use BetMGM Sportsbook (as of July 2025):
State | BetMGM Sportsbook | Online Launch Date | Retail Partner | BetMGM Casino |
Arizona | ✅ | September 2021 | Gila River Resorts & Casino | ❌ |
Colorado | ✅ | May 2020 | N/A | ❌ |
Illinois | ✅ | March 2022 | N/A | ❌ |
Indiana | ✅ | February 2020 | N/A | ❌ |
Iowa | ✅ | January 2021 | N/A | ❌ |
Kansas | ✅ | September 2022 | N/A | ❌ |
Louisiana | ✅ | January 2022 | N/A | ❌ |
Maryland | ✅ | November 2022 | MGM National Harbor | ❌ |
Massachusetts | ✅ | March 2023 | MGM Springfield | ❌ |
Michigan | ✅ | January 2021 | MGM Grand Detroit | ✅ |
Mississippi | ✅ | September 2021 | Beau Rivage Resort & Casino | ❌ |
Nevada | ✅ | March 2020 | Bellagio, Aria, MGM Grand, Park MGM, Mandalay Bay, Luxor, Excalibur, and New York-New York | ❌ |
New Jersey | ✅ | August 2018 | BetMGM Sportsbook & Bar | ✅ |
New York | ✅ | January 2022 | N/A | ❌ |
North Carolina | ✅ | March 2024 | N/A | ❌ |
Maine | ✅ | November 2023 | N/A | ❌ |
Ohio | ✅ | January 2023 | MGM Northfield Park | ❌ |
Oregon | ✅* | March 2021 | Spirit Mountain Casino | ❌ |
Pennsylvania | ✅ | December 2020 | N/A | ✅ |
Puerto Rico | ✅ | June 2023 | La Concha Resort | ❌ |
South Dakota | ✅ | In Person Only | Tin Lissie & Cadillac Jacks Deadwood | ❌ |
Tennessee | ✅ | November 2020 | N/A | ❌ |
Virginia | ✅ | January 2021 | N/A | ❌ |
Washington | ✅* | November 2022 | Emerald Queen Casino | ❌ |
West Virginia | ✅ | January 2020 | N/A | ✅ |
Wyoming | ✅ | September 2021 | N/A | ❌ |
BetMGM Casino is Currently Live in:
New Jersey (NJ)
Pennsylvania (PA)
Michigan (MI)
West Virginia (WV)
Ontario (Canada) (age 19+)
Note: For U.S. casino play, you need to be 21 or older. In Ontario, it’s 19 and up
BetMGM Overview

For anyone new to online sports betting, BetMGM is usually one of the first names that comes up and for good reason. I’ve spent more time than I’d care to admit testing different platforms, and BetMGM stands out not for slick graphics or over-the-top features, but for its steady, reliable approach. That’s not to say it’s flawless, but for most users—especially those just getting started—it’s a platform that simply works when you need it to.
On the website, everything you’re looking for is, for the most part, exactly where you’d expect it to be. BetMGM opts for a double navigation system, with sports and markets listed up top and down the side. At first, I thought this was overkill, but after a big Saturday of college football, I appreciated not having to dig around for lines or jump through unnecessary hoops. The interface isn’t the flashiest in the business—some would even call it utilitarian—but it’s designed for clarity, and I’ve rarely been left hunting for a feature or market.
Speed is a point that comes up among regulars. I’ll admit, BetMGM isn’t always as lightning-quick as DraftKings or FanDuel, particularly during those frenzied NFL windows. But in my experience, any lag is more a blip than a real setback, and nine times out of ten, it’s more about local Wi-Fi than the platform itself. Bet placement is straightforward, even when building more complex parlays or searching for a specific prop. The site’s search function is serviceable occasionally imperfect, but it gets you where you need to go for the big events.
If you’re betting on mobile—and let’s be honest, most of us are these days the BetMGM app is cut from the same cloth. It’s a single, unified app across all legal states, which saves time and hassle compared to operators that split their apps by jurisdiction. iPhone users seem especially satisfied, based on the 4.8 average rating, and Android users aren’t far behind. What really stands out for me, though, is the app’s alerts for live bets. These notifications are genuinely useful if you like tracking your action in real time or want a heads-up for cash-out opportunities.
For those interested in casino or poker, BetMGM doesn’t just tack these on as afterthoughts. Separate casino and poker apps are available in states where they’re legal, and both tie into your main account. In New Jersey, Michigan, and Pennsylvania, the poker software is actually among the best you’ll find stateside especially if you’re already familiar with Borgata or partypoker.
All things considered, BetMGM isn’t about flash; it’s about substance and reliability. For a new user, that means you’ll spend less time figuring out the basics and more time actually betting. If you’re the type who values a no-nonsense interface and consistent experience whether you’re at home or on the go BetMGM is a safe bet for your first sportsbook account.
What Sports Can I Bet At BetMGM?

BetMGM covers virtually every sport under the sun, providing a wide array of options for sports enthusiasts. Their odds, powered by Entain's software, are competitive and occasionally offer early market advantages.
NFL Betting
BetMGM places a significant emphasis on NFL betting, and it's no wonder, considering their official partnership with the NFL. With over 130 different NFL bets available for a single game, BetMGM caters to all types of bettors. They offer standard spread, totals (over/under), and moneyline markets for both full games and the first half. BetMGM also provides an extensive selection of alternative spreads and totals, making them a top choice for NFL enthusiasts.
NBA Betting
As an official sports betting partner of the NBA, BetMGM is a prime destination for NBA betting. In addition to standard betting options, BetMGM offers a vast selection of player and team props throughout the NBA season. NBA Futures markets are available year-round, covering divisional winners, exact division outcomes, and awards like Regular Season MVP and Rookie of the Year.
College Football
For college football fans, BetMGM offers a comprehensive range of betting markets. You can find moneyline, spread, and total plays for most Division I games on any given Saturday during the season. Additionally, quarter-by-quarter and halftime plays are available, along with team and player props, depending on your region's regulations.
College Basketball
BetMGM boasts one of the most extensive college basketball betting markets in the industry. With year-round Futures bets and extensive coverage of marquee and smaller games during the regular season, BetMGM is the go-to choice for college basketball enthusiasts.
NHL Betting
Hockey fans can also find their niche at BetMGM, with a healthy number of hockey betting markets available daily during the season and the Stanley Cup playoffs. Options include moneyline, puckline, and total plays, as well as team and player props, along with period-specific betting markets. Regionalized promos and odds boosts further enhance the NHL betting experience.
MLB Betting
As an official partner of Major League Baseball, BetMGM offers a top-notch selection of baseball betting options. You can wager on standard spreads, totals, and moneyline bets for full games or just the first five innings. BetMGM also provides "One Game Parlay" options and a robust prop selection, including first team to score, odd or even final score, and more.
Other Sports Leagues
BetMGM's sports coverage extends beyond major leagues. They sponsor the PGA Tour, making them a prime destination for golf enthusiasts. UFC betting is another area where BetMGM shines, with over 15 different bet types for popular fights, including specific fighter outcomes. BetMGM's A-Z list includes a wide variety of sports, ensuring there's something for every sports bettor.
Banking At BetMGM
One of the great things when signing up at BetMGM and taking advantage of this new user promo are all the options to choose from to make a deposit. Even better are the lightning-fast withdrawals! A $10 or more deposit gets you going.

Payment Methods:
- Visa
- Mastercard
- Discover
- America Express
- Paypal
- Online Banking
- Apple Pay
- VIP Preferred
- PayNearMe
- Play+
- TAPPP
- Bank Wire
- Game ON
- At Casino Cage
Withdrawal Methods:
- Bank Wire
- ECheck
- Cash At Cage
- Paypal
- ACH
Best Ways to Use Bonus Bets at BetMGM: Real Strategies for New Bettors

Bonus bets are a fixture in modern sports betting. A lot of new bettors brush off bonus bets as just another promo, but there’s more to them than meets the eye. Used the right way, they can actually give you a bit of breathing room to try something bold or unfamiliar—without putting your own money at risk.
One thing to keep in mind: with bonus bets, if your wager hits, you only pocket the profit. The stake itself isn’t returned. That small detail completely changes how you should approach them, and why experienced players look for value plays instead of using bonus bets on short odds or obvious picks.
Targeting Higher Odds
From a value perspective, you want your bonus bets on selections with longer odds. Since you don’t get your stake back, there’s little upside in putting a bonus bet on a heavy favorite. For example, backing an underdog at +250 with a bonus bet offers the kind of return that can actually move the needle on your balance, whereas a pick at -120 simply doesn’t maximize what the promo can do for you.
Parlay Opportunities
Parlays are a natural fit for bonus bets, especially if you enjoy putting together multiple picks. The risk is higher, but so is the reward—and since you’re not risking your own money, the risk/reward calculation is entirely different. I’ve seen seasoned bettors use bonus bets to test parlay combinations they wouldn’t otherwise play, sometimes hitting payouts that cover cold streaks for weeks.
Smart Hedging and Coverage
If you already have a significant wager in play—maybe a futures ticket that’s looking good—bonus bets become an excellent hedging tool. You can use them to cover outcomes that might otherwise wipe out your original stake. This isn’t just theory; I’ve watched countless bettors smooth out the variance in their overall results simply by redeploying bonus bets on the other side of a tight market.
Don’t Overthink Small Edges
The last bit of advice: avoid burning bonus bets on markets with minimal upside. Yes, a win is a win, but the whole point of a bonus bet is to unlock outsized potential. If you’re betting conservatively with a promo, you’re essentially leaving value on the table.
In summary: Bonus bets at BetMGM aren’t just a footnote—they’re an opportunity. Use them on longer odds, parlay combinations, or smart hedges, and you’ll see why experienced bettors don’t dismiss these offers as simple marketing noise. Handled right, bonus bets can make a real difference in both your bankroll and your overall approach to sports betting.
If you’re just starting out, view bonus bets as your chance to explore new strategies without exposing your own funds. That’s a rare thing in this industry—and if you use them wisely, it’s an edge worth having.
FAQ
Is BetMGM Sportsbook Legit?
Yes, BetMGM Sportsbook stands as a credible and trusted betting platform. Beyond its bonuses and myriad of banking solutions, the BetMGM sportsbook app ensures a seamless user experience. What solidifies its legitimacy is its licensing and legal standing across numerous US states, making it a reliable choice for sports bettors.
Do I Have to Be a Resident of a Legal State to Wager on BetMGM?
In all states where BetMGM is licensed you can register via your mobile device or computer. You do not need to be a resident of the state, but you must have two feet firmly planted within the state's borders when placing a bet.
You can register, deposit, withdraw and check out lines from anywhere, but must be physically present in the state in order to place the actual bet.
So, if you are an Oklahoma resident, you can register a new account, make your first deposit and drive over the Kansas border to place your bet. Once the bet is settled, you can withdraw your winnings from home as well.
Does BetMGM have a live betting feature?
Yes, BetMGM provides live betting both online and in the app. Also, there is an offer of a cash-out option on live wagers.
Can you make a $10 bet on BetMGM?
Yes, the minimum wager is 50 cents, while the maximum payout is $1 million on same game parlays
Do you win bonus bet money at BetMGM?
Yes. An example of how the Bet and Get Bonus bets work is if you bet $200 and the first bet is lost, you will get $200 paid out in bonus bets. In addition, ongoing user promotions like SGP parlay insurance are paid out in bonus bets as well.
Can you win real money on the BetMGM app?
Yes, the BetMGM app is not just for entertainment but also a platform where you can win genuine cash. BetMGM facilitates real money sports betting, being operational and fully regulated in over 27 US states. With each state, the app operates under specific local gaming licenses, ensuring both legality and trustworthiness for its users.
Is there a BetMGM $150 Bonus?
Occasionally, the bet and get offer has been Bet $5 Get $150 at BetMGM, but that has expired. You can unlock the BetMGM $150 Bonus effortlessly. The process is the same as for all BetMGM Bet and Get Promos: Register a new account at BetMGM and enter our promotional code during the sign-up process. Place an initial bet of $5 or more on any sporting event to activate the offer. Whether your first bet wins or loses, BetMGM credits your account with a $150 bonus in the form of bonus bets.
