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BetMGM Sportsbook Review – BetMGM Sportsbook Promo Code

BetMGM Sportsbook rating: 9.9/10

Sign Up for BetMGM Sportsbook and Get $1,500 Back in Bonus Bets if You Don’t Win

What is BetMGM Sportsbook’s Sign Up Bonus?

BetMGM offers a bonus bet of up to $1,500 to all first-time users. Bonus bets are the most common sign-up bonus in the United States. With BetMGM’s sign-up bonus, if your first wager loses, then BetMGM will reimburse your stake up to $1,500 in the form of a bonus bet. 

If your first bet loses, then BetMGM will return your stake in five increments. In other words, if your first bet is for $1,000 and you lose, then BetMGM will give you five separate $200 bonus bets. On the other hand, if your first bet is for $500 and you lose, then BetMGM will add five separate $100 bonus bets to your account. 

As a note, if you lose your first bet, the bonus bets from BetMGM will only last for one week, so remember to wager your bonus bets as soon as you find a line that you like.

No promo code or bonus code is required to claim this $1,000 bonus bet on BetMGM – it is available to all first-time customers. 

Where is BetMGM Sportsbook Legal? 

BetMGM is one of the largest sportsbooks in the United States. Online sports betting with BetMGM is currently available in Arizona, Colorado, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Virginia, Washington, D.C., West Virginia and Wyoming.

It is worth noting, however, that to register for BetMGM in Nevada, users must visit a BetMGM Sportsbook in-person. Additionally, in Washington D.C., BetMGM users can only place a bet within a two block radius of Nationals Park.

As new states such as Maryland & Ohio begin to legalize online sports betting, BetMGM will surely be one of the first sportsbooks to enter these markets. BetMGM is growing aggressively and planning to continue to expand in the U.S. market in 2022. 

Is BetMGM Legal in Canada?

Yes! Canada just legalized mobile sports betting, and of course BetMGM was one of the sportsbooks to take advantage.

As of April 2022, Ontario specifically launched legal sports betting, so residents in Ontario will be able to take advantage of this great book.

What sports can I bet on with BetMGM?

BetMGM offers sports betting markets for nearly every league. From major leagues, such as the NFL & NBA, to niche sports, such as PDC Darts & Snooker, BetMGM has you covered.

How to Sign Up for BetMGM Sportsbook

BetMGM requires just four pieces of information upon sign-up: Name, Home Address, Email Address and Last 4 Digits of SSN. It takes less than two minutes to sign up for MGM sportsbook and begin wagering.

Like all other sportsbooks in the United States, users must be 21+ to register for an account and begin betting. Although users can create and deposit into a BetMGM sports betting account from any state, they’re only able to bet from a location where MGM is legal.

BetMGM Sportsbook Deposit & Payout Methods

BetMGM sportsbook offers five payment methods: Online Banking (Instant Bank Transfer), Debit/Credit Card, Paypal, Play+ (Prepaid Card) and VIP Preferred e-Check. The minimum deposit on BetMGM sportsbook is $10.

Although BetMGM offers fewer deposit and payout options than both Fanduel & DraftKings, withdrawals are processed faster than any other sportsbook in the United States. 

BetMGM Sportsbook Website & Mobile App

MGM offers both a betting website and a mobile smartphone app to wager from. BetMGM has one of the best sports betting websites in the United States. Their online website is easy to navigate and even has a search button to help you find games quickly.

BetMGM also has one of the best iPhone apps in the sports betting industry. It is well known that BetMGM has invested heavily into their mobile app. BetMGM has 4.8 / 5 stars on the Apple App Store. Although MGM sportsbook’s iPhone app is top notch, it is worth noting that BetMGM’s Android app is known to be clunkier and harder to use. 

Sports Betting Promotions on BetMGM Sportsbook

BetMGM offers a vast selection of sports betting promos on a daily basis, such as odds boosts. Odds boosts are exactly what they sound like: the odds for a given wager are increased (e.g. an MLB parlay is “boosted” from +500 odds to +600 odds).

An example of a BetMGM odds boost is shown in the picture below. MGM sportsbook is boosting the odds of this 3 leg MLB parlay to +600 odds: Indians, Giants & Cardinals all to Win. If each of these teams wins, then your parlay will “hit,” or be graded as a win. If any of these teams lose, then your bet will be graded as a loss. 

As a note, not all odds boosts are profitable. If you were to create this exact same 3-leg MLB parlay on DraftKings sportsbook, then you’d get +647 odds on the Indians, Giants & Cardinals all to win. Of course, getting +647 on DraftKings is better than +600 on BetMGM, so don’t be fooled into thinking that every odds boost is a profitable bet.

You should be selective as a sports bettor and pick the best boosts to wager on. It is not recommended to bet on every single odds boost.

Aside from daily odds boosts, BetMGM offers a variety of other sports betting promos, and many are quite lucrative. For example, BetMGM has a weekly promotion called the “Money Monday Club.” Every week that you bet $50+ on BetMGM sportsbook, they’ll give you a $10 bonus bet. There are no strings attached, just free money! 

To find great sports betting promotions like the “Money Monday Club” on BetMGM, you need to check the promotions tab of BetMGM frequently.

BetMGM is constantly updating their sports betting promos, so you should make it a daily or weekly habit to check the Promos tab for new offers. You don’t want to miss out on a lucrative deposit bonus.

What is a One Game Parlay on BetMGM Sportsbook?

Parlays are an exciting option for any sports bettor. A parlay bet results in a bigger payout than a regular bet, which leads to unmatched excitement for a sports bettor. 

With BetMGM sportsbook, users can wager on “One Game Parlays,” which are high reward bets. With One Game Parlays, MGM customers can combine their favorite bets from one game into a single wager. If each bet in the One Game Parlay wins, then the parlay will also win.

One Game Parlays are identical to the Same Game Parlays (SGPs) offered on Fanduel, DraftKings and Caesars. Sportsbooks began to offer Same Game Parlays in early 2021, and they’ve exploded in popularity since launching in the United States.

Here’s an example of a three-leg One Game Parlay with +1000 odds for Thursday Night Football in NFL Week 15: Justin Herbet 3+ Passing TDs, Jared Cook Anytime Touchdown Scorer and Keenan Allen Anytime Touchdown Scorer. If all of these legs hit, then a wager of $100 will yield $1,000 in profit.

Does BetMGM offer live, in-game betting?

Like all major sportsbooks in the United States, MGM does offer live, in-play odds for users to bet on. It is worth noting that BetMGM offers less in-game markets than both DraftKings & Fanduel. 

Do you Have to Opt-In to Promos on BetMGM Sportsbook?

Yes, most promos on BetMGM require you to opt-in. If you don’t opt-in to the promotion, then you won’t receive credit. It is worth noting, however, that you do not need to opt-in to daily odds boosts.

Is there a maximum bet size on BetMGM Sportsbook?

BetMGM allows larger maximum bet sizes than other sportsbooks. This is a perk of having a sports betting account on MGM. If you find a bet that you really like, you can typically wager a larger amount on BetMGM than you’d be able to on Fanduel & DraftKings.

Are Bonus Bets Offered on BetMGM Sportsbook?

Bonus bets are a very common bonus on U.S. sportsbooks and are typically offered as a part of sports betting promos. For example, with the “Money Monday Club” on BetMGM, if you bet $50+ in a week, then BetMGM will give you a $10 bonus bet. 

A bonus bet is different from cash for two reasons. First, you cannot withdraw bonus bets from your account. Bonus bets are not cash – you need to wager bonus bets once before they turn into cash that can be withdrawn from your account. Second, when you place a wager with a bonus bet, you will not get back your stake if your bet wins. For these two reasons, bonus bets are inherently worse than cash. 

BetMGM & DraftKings offer more bonus bet promos than any other sportsbooks in the United States. This is why it is essential to sign up for both DraftKings & BetMGM as a sports bettor in the U.S. – both of these books offer tons of lucrative promos and opportunities to collect bonus bets.

When did BetMGM Sportsbook Start?

BetMGM sportsbook first launched in the United States in 2018 under the name PlayMGM. PlayMGM, the predecessor to BetMGM, was only available in New Jersey and initially launched as an Android-only betting platform.

BetMGM sportsbook started as a joint venture between Entain (formerly GVC Holdings) and MGM. Nobody in the sports betting industry was surprised when MGM decided to enter the market as an online sportsbook due to the vast number of physical casinos that are a part of MGM Resorts.

Does BetMGM Offer a Rewards Program?

Yes, similar to DraftKings & WynnBet, BetMGM offers a loyalty program where sports bettors receive rewards by placing more bets. On BetMGM, this rewards program is called “M Life Rewards,” and sports bettors earn iRewards Points (iRPs) for every settled wager. These iRPs can be redeemed for bonus bets on BetMGM, as well as additional bonuses, such as free hotel stays or even a complimentary cruise.

Is BetMGM Legit?

Absolutely. As a highly regulated sportsbook in the United States, your money is completely safe with BetMGM. This is why you should only bet on U.S. regulated sportsbooks as opposed to offshore sportsbooks.

So… Should You Get BetMGM Sportsbook?

BetMGM is a must-have book for any sports bettor in the United States. The MGM betting app is available in more states than any other sportsbook and offers a lucrative sign-up bonus to all new customers. BetMGM also offers a variety of sports betting promotions and odds boosts that will keep you coming back day after day. Sign up now and get your up to $1,500 bonus bet if your first bet loses!

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