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New BetMGM Bonus Code ACTIONMLB Unlocks $1,000 Risk-Free Bet on Wednesday

New BetMGM Bonus Code ACTIONMLB Unlocks $1,000 Risk-Free Bet on Wednesday article feature image

BetMGM bonus code ACTIONMLB gives bettors a $1,000 risk-free bet for any sport — Wednesday MLB and Champions League action, NFL Week 2, and plenty more.

BetMGM also plans to activate its separate bet $10, get $200 in free bets offer if any player scores a touchdown for the NFL’s second week.

This risk-free bet offer is available in every state where MGM operates except New York, Pennsylvania, and Mississippi.

Here’s how these bonuses work at BetMGM.

Understanding Bonuses at BetMGM Sportsbook

So what’s a free bet vs. a risk-free bet? This terminology may be confusing if you’re new to legal sports betting.

A free bet is just what it sounds like.

If you bet a $100 free bet on Salzburg to beat Chelsea at +750 in their Wednesday Champions League group stage match, you’ll win $750, but you won’t keep the $100 free bet.

Risk-free bets or “bet insurance” is where it gets a bit more confusing.

Here’s how that works:

  • If you win: If your risk-free bet wins, you keep the winnings, and it becomes real cash you can withdraw.
  • If you lose: You get a free bet equal to the wagered amount.

The “catch” is that to get a $1,000 free bet, you have to deposit and wager the full $1,000. If you deposit $300, you’ll get a $300 risk-free bet. You also have to make your first bet $1,000 — you don’t get to choose which of your first 10 bets gets the risk-free treatment.

Let’s use that UCL example from above. Say you deposit $200 and bet Salzburg at +750.

  • If Salzburg wins: You keep the original $200, plus the $1500 from winning the bet at +750.
  • If Salzburg loses or draws:  You get a $200 free bet back.
  • If that next free bet wins: You keep the winnings but not the $200.
  • If that next free bet loses: You end up with nothing.

If you’re new to sports betting, check out our 12 tips for beginners or how to read American odds.

How to Sign Up at BetMGM

Signing up at BetMGM takes a few minutes. No shady wire transfers, no Moneygram or crypto deposits to offshore sportsbooks.

  1. Use BetMGM bonus code ACTIONMLB at checkout
  2. Enter all your signup information (name, address, etc.)
  3. Deposit: you can use a bank account transfer, credit card, or PayPal
  4. Make your first NFL bet of $10 or more to qualify for the bonus!

You may have difficulty using certain credit cards with sportsbooks, so bank account transfer is often more reliable.

Here’s our review of BetMGM and how to sign-up:

How to Use Your Free Bets at BetMGM

The best way to use any free bets is on longshots. The higher the line, the more expected value you get over time.

But we understand most bettors don’t want to use big risk-free bets on longshots at +800, so +250 to +450 can be an excellent sweet spot.

Here are a few ways to use that bonus on Wednesday:

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