BetMGM Bonus Code ACTIONBONUS50 Activates Exclusive $1,050 Offer for Wednesday

BetMGM Bonus Code ACTIONBONUS50 Activates Exclusive $1,050 Offer for Wednesday article feature image

Caesars CBB, 01/25/23

Our exclusive BetMGM bonus code ACTIONBONUS50 unlocks a $1,000 first bet on the house, plus a $50 bonus bet no matter what.

New users can use this BetMGM bonus code on any sport and bet, and on any day.

Here's how it will work. Make your first bet at BetMGM Sportsbook. If it wins, you get to keep the profits and the original bet amount, and your promo is over. Plus, you'll get that $50 bonus bet no matter what. But if your first wager loses, you'll be refunded what you lost in bonus bets.

This offer isn't available in every BetMGM Sportsbook state. Here are the different BetMGM bonus codes available, depending on where you're signing up from.

  • ACTIONBONUS50: Available in all BetMGM states but New York & Ohio.
  • TOPACTION: For Ohio bettors, a $1,000 first bet on the house. Same offer as above, minus the $50 bonus bet.
  • ACTIONNBA: Bet $10, get $200 in bonus bets if the NBA team you bet hits a 3-pointer. Available in Ohio, Maryland, Kansas, Illinois and Louisiana. It's a lower-risk, lower-payout offer.

BetMGM Bonus Code Examples

Sportsbooks have started to use all different kinds of language to promote their new-user bonus offers. Check out our guide to each sportsbook promotion type. It should clear up most questions about how these different offers work.

Let's dive into the BetMGM bonus code ACTIONBONUS50 offer using examples from Wednesday's sports slate.

The First Wager

After signing up and depositing, it's time to make your first bet.

The mathematically optimal strategy is to use your first bet and bonus bets at plus-money.

So let's say you deposit and bet $200 on the Bucks -7 against the Nuggets.

  • If the Bucks cover the spread, you'll win about $182, and keep the original $200. You now have $382 in your account to continue betting or withdraw.
  • If the Bucks don't cover, you'll get $200 back in bonus bets.
    • Either way, you'll get $50 in bonus bets thanks to our exclusive offer.
ResultProfitsTotal $ in acct.
Bucks cover$182$382 + $50 bonus bets
Bucks don't cover$0$250 bonus bets

Our Tyler Schmidt on why he's backing Milwaukee on Wednesday:Covering a seven-point spread feels like a tall task against the best team in the Western Conference, but the Bucks have looked nearly unbeatable at home this season. The Pelicans took the Nuggets down to the wire Tuesday night, so there could be some tired legs coming into play on a back-to-back.

Take the healthy Bucks to cover the seven-point spread at home. Coming off of a 150-point outing, expect the Bucks to stay hot and lean on their defense that ranks third in Defensive Rating (110.4).

If Jokic is ruled out, I would take the Bucks by double-digits. There is a lot of firepower in this matchup and plenty of news that may come out. Take the Bucks at -7.

Using Bonus Bets, if Necessary

Let's pretend for a moment that your first bet loses. You'll be down $200 in cash, but get $200 back in bonus bets you'll then need to wager to turn them into cash.

Let's turn our focus to the NFL this weekend. BetMGM will return $200 worth of bonus bets in four chunks worth $50 each.

Say you take that first $50 and bet it on Dallas Goedert to score a touchdown for the Eagles at +200.

  • If Goedert scores, you profit $100 ($50 x 2.0) but don't keep the $50 bonus bet. That just goes away.
  • If Goedert doesn't score, the bonus bet goes away, and you'll have $200 total in bonus bets remaining.

Registering Your BetMGM Account

Here’s how to sign up at BetMGM. It should take just a few minutes.

  1. Start by clicking here
  2. Use TOPACTION at checkout
  3. Enter all your info — name, address, phone number, last four digits of your SSN so they can verify your identity, etc.
  4. Deposit at least $10
  5. Make your first bet up to $1,000

New users must be located in a state where BetMGM is active. It should be noted that you don't have to live in Ohio to wager, you just have to be in the state at the time of activation and making a bet.

BetMGM Casino Offerings

If you want to take your holiday fun beyond the sportsbook, be sure to check out Action Network's BetMGM Casino offer with a value up to $1,025 when you use casino bonus code ACTIONCASINO.

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER. A Problem Gambling Helpline is available 24/7 at 1-800-589-9966 or texting 4HOPE to 741741.

How would you rate this article?

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only. Action Network makes no representation or warranty as to the accuracy of the information given or the outcome of any game or event.