BetMGM Bonus Code TOPACTION Unlocks $1,000 for Monday Bowls, Bengals-Bills
BetMGM Bowl Games, 01/02/2023
New users can take advantage of the BetMGM bonus code TOPACTION to claim a bet on the house of up to $1,000. That means if your first wager on the platform loses, you’ll be refunded in bet credits, up to $1,000.
Bonus Codes for BetMGM by State
It’s worth noting that BetMGM has a variety of new user promotions depending on your current location. While most bettors are eligible to receive the $1,000 offer, others have more options available.
Here’s a breakdown of all of the available BetMGM bonus code options along with details for each state where the sportsbook is currently active.
- TOPACTION: A $1,000 first bet on the house.
- ACTIONYARD: For users in Ohio, Maryland, Kansas, Illinois and Louisiana only. Get $200 in bet credits if the NFL team you bet throws for 1+ yard. It’s a much lower-risk offer than the $1,000 first bet on the house, so use it if you’re not planning on betting the full $1,000.
BetMGM Sign Up Process
Getting registered and collecting your new user bonus with BetMGM is a simple 5-step process:
- Click here to begin your BetMGM registration
- Input the appropriate bonus code for BetMGM based on your location (ex: TOPACTION, ACTIONYARD)
- Enter the required account information to verify your identity (i.e. name, address, email, last four digits of SSN, etc.)
- Make your initial deposit to start your bankroll ($10 minimum)
- Place your first bet and wait for the results (remember that you can get up to $1,000 on BetMGM in most states if your first bet loses, so think about going for that long shot)
How BetMGM Bonus Code TOPACTION Works
If you are completely new to sports betting, it is definitely worth your time to familiarize yourself with common betting terminology as it relates to sportsbook offers. Also, don’t forget to review Action Network’s tips for first-time bettors to position yourself for success.
Alright, now it’s time to talk about the fun stuff—how to use the BetMGM new user bonus to its fullest potential.
Choosing a First Bet
Once you’ve made your initial deposit, shop for a bet that you want to place your entire bankroll on (up to $1,000). This may sound scary, but this strategy is the best way to maximize this BetMGM offer. Remember, they’ll return what you lost in bet credits, which you can then convert into cash.
Let’s use today’s LSU-Purdue bowl game as an example to see this promo in action.
First thing’s first—find a prop bet or other long shot (maybe a parlay?) wager that offers significant plus-money. These are the types of wagers that offer the most value with bet credits and promotional offers.
In our betting example, let’s pick LSU to cover the -14.5 spread & the total to be under 55.5. This parlay on BetMGM gives us odds of +290.
- If we wager $1,000 and win, we’d profit $2,900.00 (as well as get our $1,000 stake back).
- If we lose, our $1,000 will be given back to us by BetMGM for bet credits.
So, your bet doesn’t hit, and now you’ve got bet credits coming your way. Now what? Let’s get into it.
Bet Credits With BetMGM
In our example above, you wagered your full $1,000 bankroll on a LSU spread + game total parlay at +290 odds.
Hypothetically, the bet lost, so as part of the new user promotion, BetMGM is now going to credit your account with 10 separate $100 bet credits. Think of these as $100 spots courtesy of BetMGM. They’ll cover your wager, but if your bet wins, you only get to keep the profits.
Now you might be wondering, what should I do with all these bet credits? Well, the bet strategy is similar to we previously outlined. Continue to seek out plus-money wagers with high-value potential. These bets are far from sure things, but the math says it’s optimal.
Here’s another example using one of your newly acquired $100 bet credits.
After losing LSU in the afternoon, say you put your $1,000 in bet credits on the Bengals +100 against the Bills on Monday Night Football.
- If the Bengals win, we win $1,000. We don’t get the stake back since it was given to us by BetMGM. So we’ve effectively broken even, with $1,000 in our account off a $1,000 deposit.
- If it loses, we don’t get anything since that bet credit is gone, and it’s on to the next one.
ACTIONYARD Bonus Code Overview
If you’re a resident of Maryland, Kansas, Illinois, or Louisiana, the promotional information above does not pertain to you. Instead, BetMGM is offering an NFL-specific bonus. Here’s how it works:
- Simply bet $10 on any NFL game
- If the team you’ve wagered on throws for 1+ yard in the game (yes, you read that right), then you get $200 in bet credits.
While the money value may not be as high with ACTIONYARD, it’s much lower risk since BetMGM will give you four, $50 bet credits for just a $10 deposit.
Nothing changes in terms of strategy with these bet credits. Go for plus-money wagers that you think could have a reasonable chance of winning to maximize your profits.
Bets to Make on Monday
- Our five best bets for Monday bowl games, including three totals and a prop/
- Chris Raybon is backing the Bills as a short road favorite on MNF.
- How we’re betting the Rose Bowl between Penn State and Utah.
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