BetMGM Bonus Code: $1.6K Deposit Match or $1.5K Insurance Choice Available for Sunday Betting Action

Sunday's action of NBA and NHL playoff action or any other event listed at BetMGM can be wagered with a choice of two welcome offers: A 20 percent deposit match with the BetMGM bonus code TOPTAN1600 or a $1.5K first bet on the house with the BetMGM bonus code TOPACTION.

Any BetMGM Sportsbook state has access to these offers except for New York, Nevada or Washington D.C.

Use the links to start with the registration process at BetMGM and punch in whichever code fits your preference. I'll explain more about how they work below using some Sunday betting examples if you're unsure.

What is a 20% Deposit Match?

BetMGM offers a 20 percent match on your initial deposit in sports bonus, which is bonus bets at BetMGM.

For instance, if you deposit $100, you'll receive $20 in sports bonus. However, before cashing out any winnings from the bonus, you must wager the bonus amount 10 times, so in this case it would be $200 in total bets.

This requirement ensures you engage in some betting activity before withdrawing funds. The sports bonus can be used on any sport or market but expires after seven days if not used. It's called a rollover and it has been a common part of sportsbook bonuses since betting became legal online.

So keep this in mind when strategizing on how much you plan on depositing for hour first bets at BetMGM.

How Does First Bet Insurance Work?

This is a good offer for those that want to squeeze the most value that they can out of the sportsbook. So if you want to gain $1.5K, you would need to bet $1.5K on your first bet.

I recommend you bet the entirety of your bankroll on this offer because it's all the more value coming back whether you win or lose.

OK, so say I place a $1K first bet on Ben Griffin to place in the Top 10 at the Byron Nelson on Sunday. His price to do so was +700 when the tournament began.

We like him at 7-1 for a top-10 finish, especially after his recent missed cut in the Zurich Classic of New Orleans. He's still shown consistency, making the weekend in 16 of his last 20 tournaments, including three top-10 finishes.

Plus, the current field is less competitive than usual, which only helps him as a trending player. Griffin has demonstrated strong performance metrics recently, except for some concerns with his driver. However, at TPC Craig Ranch, where driving accuracy is less crucial, his all-around game should shine.

If Griffen wins the Byron Nelson with this $1K first bet insurance wager that was theoretically placed before Round 1 on Thursday, we would win $8,000 as a total payout, but if the field wins, we would have $1K in sports bonus to use over the course of the next seven days.

How to Claim the BetMGM Bonus Offer

1. Click here and select your state. Click "Register" in the top right corner to begin registration.

2. Enter your details to create a new account: email address, name, date of birth, user ID, password, last four digits of your SSN (for verification purposes), phone number, and home address.

3. Accept the Terms & Conditions, set security questions, and confirm your age and eligibility.

4. Make an initial deposit using online banking, PayPal, a credit card, or another funding option.

5. You will get your first deposit matched 20% to unlock up to $1,600 in Sports Bonus with the BetMGM bonus code after successfully navigating the BetMGM login process.

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