BetMGM Bonus Code TOPACTION: First Bet Worth $1,000 Value for Thursday NHL and MLB, Other Events

In the stead of the NBA play-in craziness, Thursday wields a vast menu of compelling matchups to close the NHL season along with MLB and the RBC Heritage. Those looking to accrue betting value can use BetMGM bonus codeTOPACTION for a first bet worth $1,000.

You can bet any amount up to $1,000 and it can be on any sport taking place on Thursday. With this bet, you’re getting value back in either scenario: A win will give your payout; a loss will return your wager in bonus bets that can then be used to bet for profit. An example would be I bet $100 on the Blues to beat the Stars at 8 p.m. ET. St. Louis is priced at +190 odds at BetMGM. If the Blues win, I would collect my payout of $290, but a Blues loss would return my $100 in the form of bonus bets.

You can also use BetMGM bonus code TOPACTIONMLB for $200 in bonus bets when you place a $10 moneyline wager on any MLB game.

You can use either offer in all BetMGM Sportsbook states except New York and Washington D.C.

For this type of promo — a “first bet on the house” — the closer to the $1,000 limit that we bet, the more value we’ll see. So it’s best to bet your bankroll with this bet since you’ll be able to use all your bonus bets for profit if you lose.

So what are bonus bets and how can they be used to turn real profit? As the NHL regular season nears its close, let’s talk Thursday examples around the league to get a firm grasp on using them.

BetMGM Bonus Bets: Thursday NHL Parlay

If you’re confused about what all the different lingo means amongst these sportsbooks, we did a breakdown of sportsbook promotions and what they mean.

Ever ask a friend to spot you for a bet; they place it with their money but send you the profits if it wins? That’s kind of what’s happening here, but BetMGM is that friend and they’re lending you bonus bets.

The advantageous bonus bets strategy to is wagering on a plus-money prop or longshot. This will return positive profits back over time.

We can choose a player prop or construct a parlay to find the line we’re looking for. Let’s use a couple of our expert NHL bets from Thursday’s write-ups to create an example:

• Grant White explains why betting the Hurricanes ML is a wise move against an exhausted Panthers lineup:

Few teams can match the Canes’ efficiency on either end of the ice. The ice is tilted in their direction in scoring chances and the Hurricanes are out-chancing their opponents 262-162 for a 61.8% scoring chance percentage. Carolina has been an unstoppable force lately and has reserved its best efforts for the right time of year.

Goaltending has kept the Panthers competitive as they’ve posted a 96.3% save percentage at five-on-five and 95.2% across all strengths. Impressive, albeit unsustainable. From the outset of their hot streak at the start of March, Panthers’ goaltenders have put together a 92.4% save percentage at five-on-five (90.6% altogether). Considering their defensive lapses, regression is all but guaranteed.

• Greg Liodice marks that the Avalanche are still playing for their seeding Thursday while the Jets are locked into the Wild Card position. That could in turn give Colorado an extra boost to cover the Puck Line:

With Winnipeg not playing for much and the Avalanche playing for seeding, I have a feeling this could get one sided. The Jets are probably run down from clawing their way back into the playoffs, so I can see this game being a clunker. This also factors in goaltending. Coach Rick Bowness hasn’t announced anything yet, but I’d have to imagine he’d prefer to give Hellebuyck a rest after starting 13 straight games.

The Avalanche are a deadly team without implications, so when they have something to play for, it could get scary. They’re a top-10 team in nearly all facets of the game, and make teams pay for mistakes. Given how hot they were before Wednesday night (losing to Edmonton in overtime is nothing to be ashamed of), I fully expect them to bounce back in a big way and secure the top seed in the Central.

How the Bonus Bets Settle: This parlay pans out to +282 odds. With $100 in bonus bets placed on it, we’d either get a $282 payout or net nothing. Remember, you do not keep the stake with bonus bets. The profits, however, are real money to withdraw.

Signing Up at BetMGM

BetMGM has a few things you should know before you get started.

1. You must be 21+ years old to register and bet
2. You must be located in a BetMGM state when placing your first wager. 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. Check out our travel betting guide for more details. You can withdraw money once you’ve already left the state (so if you were in Ohio on Monday and bet the Super Bowl, you could withdraw in your home state next Monday).
3. You must have access to a valid deposit method. Credit card, bank account transfer and PayPal are the most popular, though some credit cards will flag gambling and not allow you to deposit.