New BetMGM Bonus Code Unlocks Huge Value for Michigan-TCU, Ohio State-Georgia
New BetMGM bonus code TOPACTION will give new users up to $1,000 back in free bets if their first bet on the platform loses.
The undefeated Wolverines are favorites by 7.5 points against the Big 12 runner up TCU Horned Frogs. Do you think TCU can pull off the upset?
Just use TOPACTION at checkout to activate the offer. This promo is not available in New York.
Bonus Codes for BetMGM by State
It’s worth noting that BetMGM has a variety of new user promotions depending on your location. While most are eligible to receive the $1,000 risk-free bet, others will have a slightly different offer.
Here’s a breakdown of all of the available BetMGM bonus code options along with details for each state where the sportsbook is active.
- TOPACTION: A $1,000 first bet on the house.
- ACTIONYARD: For users in Maryland, Kansas, Illinois and Louisiana only. Get $200 in free bets if the NFL team you bet throws for 1+ yard. It’s a lower-risk offer than the $1,000 first bet on the house.
- ACTIONOHIO: Get $200 in free bets with no deposit required. BetMGM is expected to launch in Ohio on Jan. 1
How Does the $1,000 First Bet on the House Promotion Work?
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 your stake if your first wager loses. So, really, there’s no risk involved!
Let’s use this College Football Playoff game as an example to see this promo in action.
Let’s say you want to bet on TCU moneyline (+245) against the Wolverines. If TCU wins, congrats! You get to claim your winnings! But what if Michigan wins?
Now you’ve got free bet credits coming your way. Now what? Let’s get into it.
Free Bets on BetMGM
In our example above, you wagered your full $1,000 bankroll on TCU. Hypothetically, the bet lost, so as part of the new user promotion, BetMGM is now going to credit your account with 10 separate $100 free bets. 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 free bet credits? Well, the free 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 if they win, it will be a significant bankroll booster.
Signing Up at BetMGM
Getting registered and collecting your new user bonus with BetMGM is a simple 5-step process:
- Click here to begin the BetMGM registration
- Input the appropriate bonus code for BetMGM based on your location (TOPACTION or 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 you can get up to $1,000 on BetMGM in most states if your first bet loses, so go for a long shot)!
BetMGM New User Promo Requirements
BetMGM does have some requirements that potential new users have to meet in order to register for their sportsbook. Confirm your eligibility with the checklist below:
- Must be 21+ years old
- New users must be located in a state where BetMGM is active. It’s important to note that new players do not have to live in a legal betting state, they just have to be there at the time of activation and making a bet. Check out our travel betting guide for more details.
- Access to valid deposit method (credit/debit card, bank account, or other accepted medium)
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 a near no-risk, NFL-specific bonus. Here’s how it work:
- 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 free bets
While the money value may not be as high with ACTIONYARD, new users are practically guaranteed free money from BetMGM in the form of four $50 free bet credits.
Nothing changes in terms of strategy with these free bet credits. Go for plus-money wagers that you think could have a reasonable chance of winning to maximize your profits.