BetMGM Bonus Code Offers $150 in North Carolina; $1.5K Insurance Return or $1.6K Deposit Match in Other States

BetMGM Bonus Code Offers $150 in North Carolina; $1.5K Insurance Return or $1.6K Deposit Match in Other States article feature image

Photo by Jim McIsaac/Getty Images. Pictured: Stephen Curry of the Golden State Warriors as we break down the NBA best bets and expert picks against the spread, props and NBA odds for Saturday, March 16 featuring Warriors vs Lakers on ABC.

You can register for BetMGM Sportsbook on Tuesday and get the choice between two welcome offers for bonus value: a $1.5K first bet or a total of $1.6K in deposit match value.

With the BetMGM bonus code TOPACTION, you can claim up to $1.5K in bonus bets. Just place a wager of up to $1,500 on any sports event, and if your bet doesn't pan out, you'll receive your bet amount back in bonus bets. However, BetMGM doesn't provide a bonus bet if your initial wager is a winner — you get your expected cash payout.

Alternatively, using the BetMGM bonus code TOPTAN1600 grants you access to a $1,600 deposit match. This match translates to a 20% bonus, meaning you'll receive a fraction of your initial deposit as bonus bets.

For users in North Carolina, BetMGM offers an exclusive welcome deal. By entering the BetMGM NC bonus code TOPACTION and placing a $5 wager on any market, they'll unlock $150 in bonus bets, distributed in increments of $25.

Unsure of how to move forward with these offers? I'll break it down.

How to Use the BetMGM Bonus Code

You can't get access to the choice between the $1.5K first bet insurance or the $1.6K deposit match if you are in New York, Nevada or Washington D.C.

For an example of the deposit match, you could deposit $1,000 will earn you $200 in bonus bets. It's important to note that this offer comes with a 10x rollover requirement, which must be met within 30 days for withdrawal.

Both the deposit match and the first bet offer require investing more funds upfront to maximize their benefits. Let's break it down with a generic example:

Suppose you deposit $100 and opt for the deposit match, which offers a 20% bonus. This means you'll receive $20 in bonus funds. To reach the maximum bonus of $1,600, you would need to deposit $8,000.

Keep in mind that deposit match offers typically come with a rollover requirement, in this case, it's set at 10X. This means you'll need to wager ten times the bonus amount before you can make a withdrawal.

The first bet on the house is also geared towards those with larger bankrolls. It's recommended to place a substantial wager upfront to maximize the value on both sides of the bet.

For example, let's say you decide to bet $1,000 on the Rockets to win against the Timberwolves at +245. If Houston wins, you'll receive a cash payout of $3,450, effectively concluding the offer. However, if the Minnesota wins, you'll receive the maximum bonus value of $1,000 back in bonus funds.

There are several strategies to take when it comes to making good with your bonus value. You can bet underdogs, bet on futures, create parlays, or lock a profit.

To lock in 70% of the bonus bet's value guaranteed, you can employ a strategy known as hedging by betting on both sides of a prop at different sportsbooks.

Ideally, you want the odds for the positive outcome to be as high as possible, while the odds for the negative outcome should be close to that number.

Let's consider an example with Stephen Curry's total three-pointers made:

  • Over 8.5 Three-Pointers Made at +900 (BetMGM)
  • Under 8.5 Three-Pointers Made at -900 (FanDuel)

In this scenario, you'd place the bonus bet on Curry making over 8.5 three-pointers (+900) and hedge it by betting on the opposite outcome (-900). Since the bonus bet doesn't risk your own money, if Curry makes over 8.5 three-pointers, you'd win $450.

On the other hand, if he doesn't, you'd win $45 from the hedge, ensuring you lock in some profit regardless of the outcome.

How to Sign Up for BetMGM Sportsbook

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
  • Select a Unique User ID
  • Create a Secure Password
  • Provide the Last Four Digits of Your SSN (for verification purposes)
  • Phone Number
  • 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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