BetMGM Bonus Code ACTION Offers $1,000 Risk-Free Bet for Wednesday
If you’re in Kansas, Louisiana or Illinois, bonus code ACTIONNBA nets $200 in free bets if the team you bet on the moneyline hits a single 3-pointer. You’ll want to use that offer if you’re in one of those states.
If you’re in Ohio, you can pre-register with BetMGM and get $200 in free bets with bonus code ACTIONOHIO. The state will go live with sports betting on Jan. 1, 2023.
Let’s dive into how each offer works.
Please note that there are no new-user offers available in New York.
Risk-Free First Bet, Explained
Once you’re all registered and used bonus code ACTION at checkout, you’ll get a $1,000 risk-free bet.
But BetMGM doesn’t really say you have a risk-free bet — you just need to make your first bet, and if it loses, you’ll get refunded the same amount you lost in free bets.
Here’s an example: I deposit and bet $100 on the Flyers at +250 against the Maple Leafs on Wednesday night.
Here’s how it can go:
- If Philly wins, I pocket $250, and keep the original $100.
- If Philly loses, I get $100 back in free bets.
Pretend the Flyers lose, and you have the free bets. What happens now?
Free Bets, Explained
Think of free bets like this — BetMGM pays for the bet for you, and if you win, you keep the profits. If it loses, you end up with nothing.
Now that you’ve got $100 in free bets, you want to turn them into cash.
The best way to do that is by betting on plus-money wagers, because you’re getting more expected value.
So let’s say you take your $100 in free bets, which MGM should split up into $20 increments, and bet all $100 on the Texans moneyline on Thursday Night Football at +525. That’s where it’s priced as of Wednesday morning.
If the Texans win, you profit $525, but don’t keep the $100 in free bets. So you’ll have $525 in your account you can now withdraw or continue betting, after depositing $100.
If the Texans lose, you end up with nothing.
That’s why these offers aren’t really risk-free. You can lose your entire deposit, though it’s unlikely if you split the free bets up and don’t bet them all on one thing.
How ACTIONNBA Works
ACTIONNBA is available for all new BetMGM users in Kansas, Illinois and Louisiana. You’ll get $200 in free bets if you bet any NBA team on the moneyline and that team hits a single 3-pointer.
BetMGM will split it into four, $50 free bets. Again, we always recommend betting plus-money with free bets.
Keep in mind that you just need any NBA game to unlock the $200 in free bets. So even if you’re not a basketball fan, you should use it, then you can use the $200 on anything you like — MLB, NHL, soccer, CFB, etc.
Offer Details & Signup
Signing up at BetMGM is simple:
- Click here to signup.
- Use ACTION or ACTIONYARD at checkout
- Enter your personal info. You may be asked for the last four digits of your social security number, which is needed to verify your identity.
- Deposit at least $10
Then depending on which offer you chose, you’ll unlock $200 in free bets through 1+ 3-pointer in an NBA game, or a $1,000 risk-free bet to use on your first wager.