MGM Sportsbook – (*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.)
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The welcome bonus at BetMGM Sportsbook offers a substantial benefit for new users. Upon signing up and depositing a minimum of $10, place your first sports wager. If this initial bet does not result in a win, you will receive Bonus Bets back, up to a maximum of $1,500. This promotion is designed to give new bettors a strong start by minimizing the risk of their first bet, making it an appealing offer for newcomers to the sports betting scene. Read on for full details.
BetMGM $1500 First Bet Promo Code: ATSBETGET
The BetMGM promo code ATSBETGET provides new customers with an opportunity to earn up to $1,500 in bonus bets. To activate this offer, create a new BetMGM account, make a minimum deposit of $10, and place your first real money wager. If this initial bet does not result in a win, you will receive bonus bets equivalent to the amount of your losing wager, up to a maximum of $1,500. This promo code is an excellent way to start betting with a significant safety net.
To claim the BetMGM $1500 first bet offer, follow these simple steps:
- Sign Up: Create an account on BetMGM with bonus code ATSBETGET and ensure a minimum deposit of $10.
- Place a Bet: Wager $10 on any market to qualify for the promotion.
- Receive Bonus: If your intial bet loses collect that bet back up to $1500 in bonus bets, win and collect applicable bet winnings.
- Bonus Structure: bonus bets are distributed as 5 bets worth 20% of your intial bet each.
How Does the BetMGM $1500 First Bet Offer Work?
The BetMGM $1500 First Bet Offer allows new users to place their first bet with confidence. Upon creating a BetMGM account and making a deposit, place your first real money wager on any sport or game. If this initial bet loses, BetMGM will refund the amount in the form of bonus bets, up to a maximum of $1500. For instance, if a bettor places a $1000 bet and it does not win, they will receive $1000 back in bonuses, providing a valuable second chance at betting. This unique offer significantly reduces the risk associated with the first wager.
For example, let’s say you sign up and immediately place a $100 bet on the Los Angeles Lakers to win. If the Lakers lose, BetMGM will refund your full $100 stake in the form of bonus funds. This means you’ll have another chance to wager without risking any additional funds from your own pocket.
On the other hand, if the Lakers win (and your first bet is successful), then you’ll just receive the winnings from your wager like normal. That’s why we call it “first-bet insurance”; it’s there just in case you need it!
My experience with the First Bet promo at BetMGM
I had a chance to test out BetMGM’s $1,500 First Bet Offer, and I am happy to report that it is completely legitimate. When I placed my first bet on the app and it came up a bit short, BetMGM gave me a 100% refund in the form of bonus bets. How great is that?
Is Your First Bet Free at BetMGM?
No, your first bet is not “free” at BetMGM Sportsbook. However, BetMGM does currently provide a first-bet safety net to all new users. What does this mean, you may be wondering? Allow me to explain:
While your first bet isn’t technically free, it’s protected by BetMGM’s first-bet insurance promotion. This ensures that if your initial wager happens to lose, you’ll receive a 100% refund of up to $1,500 in bonus bets, effectively giving you another shot at wagering without having to use your own money.
How does the Caesars First Bet Offer Compare to BetMGM?
Both Caesars and BetMGM offer new users bonus bets if their first bet loses, but there are notable differences in their promotions. BetMGM’s offer can go up to $1,500 in bonus bets, surpassing the $1,000 maximum provided by Caesars. Each sportsbook’s promo ensures a risk-reduced introduction for new bettors. Aside from the difference in bonus bet amounts, both BetMGM and Caesars Sportsbook provide similar features and betting options, making them competitive choices for users looking for robust sports betting platforms.
Terms & Conditions for the BetMGM First Bet Offer
Before we go any further, it’s important that we first discuss the terms and conditions associated with the BetMGM $1,500 First Bet Promo. This will give you a better idea of what to expect and help avoid any surprises further down the line.
Wagering Requirements
Wagering requirements, also commonly known as playthrough requirements, are an important part of all sportsbook promos and bonuses. They determine the number of times you must wager the bonus funds before you can withdraw them as cash.
Fortunately, the bonus bets awarded through the BetMGM First Bet Offer have just a 1x wagering requirement in place, meaning you only need to wager the bonus amount once before you can withdraw any associated winnings.
This low playthrough requirement, in particular, is one thing I really like and appreciate about the sign-up bonus at BetMGM Sportsbook.
Bonus Expiration Dates
Another crucial aspect to consider is the expiration dates associated with the bonus offers. Typically, bonuses come with specific time frames within which they must be used, and BetMGM’s Welcome Offer is no exception.
All bonus bets at BetMGM Sportsbook will expire after seven (7) days if unused. Therefore, it’s important to utilize your bonus funds within this timeframe to avoid losing them.
Eligible States & Age Requirement
We should also mention that the BetMGM $1,500 First Bet Promo is only available to new users in the following U.S. states:
- Arizona
- Colorado
- District of Columbia
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Michigan
- New Jersey
- North Carolina
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wyoming
If you are at least 21 years old and physically located in one of the states listed above, then you’ll be eligible to sign up at BetMGM Sportsbook, claim your welcome offer, and start placing bets.
Best Way To Use Your $1500 BetMGM First Bet Promo Code
Are you trying to figure out how to make the most of the BetMGM First Bet Offer? Here are some strategies and tips you can use to set yourself up for success:
- Do Your Research: Before you place your first bet, research the available options thoroughly. Consider factors such as teams’ recent performances, player statistics, and any relevant news that might influence the outcome.
- Decide on Your Level of Risk: Assess your risk tolerance and decide on the type of bet that aligns with it. Whether you prefer safer bets with lower potential returns or riskier bets with higher payouts, understanding your risk appetite will help you make strategic choices.
- Read the Terms & Conditions: Familiarize yourself with the terms and conditions of the BetMGM First Bet promotion to avoid any surprises or misunderstandings. Pay attention to requirements such as minimum bet amounts, eligible sports or events, and any wagering or withdrawal restrictions.
- Bet Responsibly: Gambling responsibly is crucial when using promotional codes like BetMGM’s First Bet offer. Set a budget for your bets and stick to it, avoiding chasing losses or placing reckless wagers. Remember that gambling should be enjoyable and entertaining, and never risk more than you can afford to lose.
- Look for Other Bonuses & Promotions: Keep an eye out for other ongoing bonuses and promotions being offered by BetMGM (more on that in the next section). This will help you capitalize on additional opportunities to boost your betting bankroll and maximize your overall returns.
Other Bonuses We Like at BetMGM Sportsbook
In addition to BetMGM’s First Bet Offer for new users, there are plenty of other exciting bonuses and promotions that you can take advantage of. Here are a few opportunities that you might be interested in:
Odds Boosts & Parlay Boosts
BetMGM is one of the best in the business when it comes to offering odds boosts and parlay boosts. These promotions give you the chance to increase your potential winnings on selected bets by boosting the odds.
Keep an eye out for these special offers, as they can really help maximize your profits over the long term!
BetMGM Refer A Friend Promo
Another exciting promotion is the BetMGM Refer A Friend program, which gives you an opportunity to earn $100 in bonus bets for every friend you successfully refer to the platform.
Simply share your unique referral link with friends who might be interested in joining BetMGM, and when they sign up and meet a few other requirements, you’ll both receive $100 in bonus bets.
It’s a win-win situation that rewards you for spreading the word about BetMGM to your friends and gives them a chance to enjoy the platform’s offerings as well.
MGM Rewards
Last but not least, BetMGM Sportsbook has a fantastic customer loyalty program that rewards players for their consistent play and dedication to the app. With every bet you place, you’ll earn Rewards Points and Tier Credits through the MGM Rewards Program.
Rewards Points can be redeemed directly for bonus bets as well as real-world prizes (e.g., hotel stays) at the 20+ MGM Resorts located across the United States.
Meanwhile, Tier Credits help elevate your Tier Status within the program. And as you reach higher levels, you’ll unlock new rewards and special benefits, both online and offline!
BetMGM First Bet Offer FAQ
The BetMGM First Bet Offer provides up to $1,500 in first-bet insurance. This means that if your first wager happens to lose, BetMGM Sportsbook will provide a full refund of up to $1,500 in bonus bets.
The bonus code for the BetMGM First Bet Promo is ATSBETGET. By entering this code during the sign-up process, you’ll automatically unlock up to $1,500 in first-bet insurance.
No. BetMGM Sportsbook does not currently match your first deposit. However, they do provide a $1,500 First Bet Offer, which offers a full refund of up to $1,500 in bonus bets if your first wager is unsuccessful.