BetMGM Bonus Code ACTION Unlocks $1,000 for Chiefs vs. Chargers
Depending on your state, there are different offers available.
- Bonus code ACTION: Available everywhere but New York. This nets a $1,000 risk-free bet (aka you get free bets back equal to whatever you lose on your first bet, assuming your first bet loses).
- Bonus code ACTIONYARD: Get $200 in free bets if your team throws for 1+ yard. Available in Louisiana, Illinois and Kansas only.
- ACTIONOHIO: $200 in free bets with no deposit required. Ohio launches sports betting on Jan. 1.
- Maryland:Use this link to get $200 in free bets with no deposit required ahead of Monday's soft launch and Wednesday's full launch, including BetMGM.
Sportsbooks use all kinds of different language to describe their promotional offers, which we broke down in-depth here.
Risk-Free Bet Explained
BetMGM's risk-free bet isn't exactly risk free. Because if you lose your first bet, you'll get free bets back, not actual cash.
Let's look at a Chiefs-Chargers example.
Our Gilles Gallant likes Jerrick McKinnon to score a touchdown at +250.
McKinnon scored when these teams met back in Week 2, which is about when he took over pass-catching duties in the Chiefs backfield.
In his last two games, McKinnon has 16 targets, including four in the red zone. In that time, Clyde Edwards-Helaire has been phased out of the Kansas City offense.
McKinnon is second on the Chiefs in red-zone targets. This week, they’ll be missing key receivers JuJu Smith-Schuster and Mecole Hardman. That’s 35% of targets suddenly becoming available.
I almost went with wide receiver Justin Watson, but McKinnon is my pick on Sunday night.
Let's say you deposit $100 and bet it all on McKinnon. If he scores, you profit $250 and keep the original $100. If he doesn't score, you get $100 in free bets back — five, $20 free bets is how BetMGM will split it up.
Free Bets Explained
OK, so what happens if that first bet loses?
You get free bets back. And how do you turn those into cash? Let's take a look.
Free bets are almost like cash, but can't be withdrawn. They must be bet. And if they win, you keep the profits, but not the bet stake.
BetMGM will refund you in four increments of $50 if you get $200 back. (If you get $500 back, it will be $100 increments).
The optimal way to use free bets is on plus-money wagers, but many people won't do it.
Let's say you lose the Chiefs-Chargers bet on McKinnon and bet it all on this clever prop for Wales vs. USA on Monday.
It's Wales to score exactly 1 goal at +140. If Wales scores 1, you win $140 but don't keep the original $100 free bet. If it loses, you end up with nothing.
Oddsmakers are eyeing a very low scoring affair, in part because of the deep-block tactics Wales have used to reach the World Cup.
But the Dragons have actually been pretty consistent in their ability to find at least one goal, and often no more. They scored exactly once in half of their 10 qualifiers to reach the World Cup and also half of their six UEFA Nations League matches.
Meanwhile, the US conceded once in six of their 14 games in CONCACAF qualifying. History says they’re likely to allow at least a goal here: The ‘Yanks have conceded at least once in all of their World Cup openers but one — way back in 1930 — and have kept only two clean sheets during their run of seven successive tournament appearances between 1990 and 2014.
A bet on Wales to score exactly once at +140 odds and an implied 41.7% probability beats the relevant recent patterns on both sides.
It also makes intuitive sense given the quality in certain positions Wales have and some questions about an injury depleted American back line.
How ACTIONYARD Works
Bonus code ACTIONYARD unlocks $200 in free bets if you bet $10 on an NFL game, and there's 1+ passing yard from your team. Easy enough, right?
The free bets work the same way we described — if they win, you keep the profits. If they lose, they go away.
In this case, BetMGM will give you four, $50 free bets. They can't be split up any further than that.
Ohio & Maryland Pre-Registration
Ohio users:ACTIONOHIO gets you $200 in free bets with no deposit required.
Offer Details & Signup
- Click here to signup.
- Use ACTION, ACTIONYARD or ACTIONOHIO at checkout
- Enter your personal info. You may be asked for the last four digits of your social security number, which is needed to verify your identity.
- Deposit at least $10
- Make your first bet up to $1,000
If you're headed to a state with legal betting this week, you can still sign up and bet. Just use all your real, accurate information, not the hotel you're staying at as an address or your friend's house.