BetMGM Bonus Code ACTIONBONUS50 Offers $1,050 Total Value for Any Weekend Game

BetMGM Bonus Code ACTIONBONUS50 Offers $1,050 Total Value for Any Weekend Game article feature image

BetMGM CBB, 01/28/23

The No. 9 Kansas Jayhawks will duke out their revenge against a Kentucky team that scorched them one season ago. This rivalry match — or any other Saturday game — can be used to bet with BetMGM bonus code ACTIONBONUS50 which gets new users $50 in bonus bets no matter what, plus a $1,000 first bet on the house.

So we're talking a grand total of $1,050 value for Saturday's betting menu.

This BetMGM Sportsbookoffer is exclusive to Action Network. All that must be done: sign up and enter in BetMGM bonus codeACTIONBONUS50 at checkout. Your first bet at BetMGM Sportsbook will be the one that get the "first bet insurance" promotion.

This offer isn't available in every BetMGM state. Depending on where you’re signing up from, here's what you can bet with.

  • 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.

 Explaining BetMGM Bonus Code 

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: Kansas-Kentucky

Once you're squared away at BetMGM, it's time to select a bet to use the promotion with. Your first bet will be the promotion; you can't choose which one to use it on. The mathematically optimal strategy is to use your first bet and bonus bets at plus-money.

Kansas Jayhawks (-1.5) vs. Kentucky Wildcats (+1.5)

While Kansas holds a 1.5 point handicap, the Jayhawks are attempting to shake off a three-game funk in which it lost to Kansas State, TCU and Baylor. Kentucky has had other fortunes — winning four straight and posting a decisive 69-53 victory over Vanderbilt Monday.

Both programs are neck-and-neck in offensive output: the Jayhawks average 75.9 points and are shooting 46% from the field. The Wildcats are at 75.7 PPG and 45% from the field.

You can see how oddmakers are straddling the point-and-a-half spread on both sides of the ball. Defensively, Kansas is allowing opponents to score at a 67.5 point rate while Kentucky 66.3 points.

Oscar Tshiebwe presents the most polarizing problem for Kansas on the court. The senior forward is netting 16.6 points and 13.9 rebounds. As for defending Kansas, it will be Jalen Wilson (21.4 points, 8.6 rebounds) that Kentucky will have to draw up a solution for.

So let’s say you deposit and bet $250 for the 7 p.m. ET tipoff and place it all on Kentucky moneyline odds at around +105. The Jayhawks have never lost four straight with Bill Self at the helm.

  • If the Wildcats win, you make back $262.20 in profit. You'd have 562.20 in total, which includes the guaranteed $50.
  • If the Wildcats lose, you have $300 ($250 returned + $50 guaranteed extra).
ResultProfitsTotal $ in acct.
Kentucky Win$252.20$352.20 + $50 in bet credits
Kentucky Loss$0$300 in bet credits

Bonus Bets at BetMGM

Following the themes above, we'll turn to Sunday's NFL Championship games and roll on plus money. Oddsmakers have both matchups set under three points.

For the sake of looking at plus-money, let's say we bet $150 of the $300 pot on the Bengals to beat the Chiefs at even +100 odds. A Cincinnati win would secure $150 while a loss would net nothing. The $150 in bet credits is taken back by the book either way.

Signing Up at BetMGM

Signing up at BetMGM is painless, and will take just a couple minutes.

  1. Start by clicking here
  2. Use bonus code ACTIONBONUS50 at checkout
  3. Enter all your info — name, address, phone number, last four digits of your SSN so they can verify your identity, etc.
    1. Note: If you're traveling to a BetMGM state, you can still sign up, even if you don't live there. Just use all your real information, including your real address, or BetMGM won't be able to verify you. Check out our complete guide to traveling and betting if you have further questions.
  4. Deposit at least $10
  5. Make your first bet up to $1,000

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.

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