BetMGM Bonus Code TOPACTION: Choose Between $158 in Bonus Value or 20% Deposit Match for Tuesday Sports

There are two ways to score bonus value on Tuesday if you sign up and use the BetMGM bonus code TOPACTION.

The headline offer is a bet $5, get $158 in bonus bets offer. Once your bet settles, you'll see the $158 in bonus bets come through in three separate portions ($50, $50, and $58).

Then there is the 20% deposit match up to $1,500 with the BetMGM bonus code TOPTAN1500. Whatever amount you deposit will be matched by 20 percent in sports bonus. The only catch with this one is that you must wager 10 times the amount that you get in sports bonus before you withdraw anything.

So if you deposit $100 and receive $20, you would need to wager $200 worth.

Confused? We'll break down a strategy and other key details below.

How do I use the BetMGM bonus offer?

The BetMGM welcome offers are live in all BetMGM states except for New York and Nevada.

You cannot access the deposit match in Washington D.C. or Kentucky.

If you go with the $158 bet/get offer, you will have $158 in bonus value no matter if the bet hits, doesn't hit or pushes. If I placed $10 on the Nuggets +150 against the Sixers, I would get the $25 payout if they win along with the bonus value. But if they lose, I have just the $158 in sports bonus.

We talk a lot about netting higher EV when using bonus value at any sportsbook. This is the gap between the true odds of something happening and the sportsbook's posted odds.

These odds can be found by taking an underdog, creating a parlay or finding a one-sided player prop with a long price. Underdogs are the best route because they offer two sides to a bet (i.e. a +200 underdog and a -250 favorite.

There's a strategy called a free roll, which would be betting the favorite at one book with your money and then using bonus bets at another on the underdog.

The underdog you placed your bonus bet on would get some profit in return if they win, but if the favorite wins and you placed more than double of your own money than what the bonus bet was worth, you break even.

Bonus bets don't stay in your account, so if I placed $100 in bonus bets on the Thunder against the Clippers at +210, I would get a total payout of $210 in real cash.

How do I sign up for BetMGM?

1. 21+ in all states, including Kentucky, which by law is 18+, BetMGM maintains 21+ there.
2. You are located physically in a betting state when signing up. You don't have to be from there, but you have to be physically present.
3. Accept the app's Terms & Conditions, set security questions, and confirm your age and eligibility. You've created your account!
4. Make a $5 deposit using online banking, PayPal, a credit card, or another funding option.
5. Bet $5 on any market and instantly receive $158 in bonus bets.

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, MA, MD, MI, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in DC, Nevada, New York or Ontario.