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BetMGM Bonus Code: New Bettors Gain $1,000 on Bucks-Heat, Any Friday Game

BetMGM Bonus Code: New Bettors Gain $1,000 on Bucks-Heat, Any Friday Game article feature image

BetMGM Heat-Bucks, 02/24/2023

Friday’s bucket of NBA matchups is headlined by a primetime clash between the Bucks and Heat all while new bettors can pounce on BetMGM bonus code TOPACTION to place a first bet on the books of up to $1,000

If you’re seeking to place a wager of any amount up to $1,000 for Friday’s betting slate, you can use BetMGM bonus code TOPACTION and get your stake back (if it loses) in bonus bets. It just has to be your first bet at BetMGM.

So your ambitious T.G.I.F. betting can be as creative as you desire. Worst case scenario: You’re getting value back that you can strike profit with later.

Now, in the case this bet is an introductory to your sporting betting career, take heed with our beginners guide to sports betting.

If you’re looking for a step-by-step on how this BetMGM Sportsbook promo bet will unfold, I’ve provided some Friday Bucks-Heat examples below to explain.

BetMGM’s First Bet on the House

Alrighty, let’s look at a way we can bet plus money (it’s how we suggest betting promotions, always) on Bucks-Heat for the 7:30 p.m. tipoff.

Kevin Love is expected to make his Miami debut tonight while Giannis Antetokounmpo is doubtful for tipoff. The line favors the Bucks by 3.5 points at BetMGM. This is despite the Bucks holding a considerable advantage in net rating at 3.1 as opposed to Miami’s -0.1.

Miami is 13-17 on the road, so Milwaukee should be in an optimal position to win. However Antetokounmpo missed both of the last meetings against the Heat and the Bucks could not convert.

Let’s say we bet $1,000 on the Heat to upset at +125 moneyline odds.

  • Parlay hits: We win a payout of $2,250 and the promotion is effectively over. If your bankroll is $1,000 in this instance, would you have honestly bet that much without the promotion? Probably not. So best case scenario, you won a high-stakes bet you wouldn’t have placed otherwise.
  • Parlay misses: BetMGM gives $1,000 back in bonus bets.

We like to use the $1,000 example cause it best exemplifies the maximum value a bettor can seize with this promo

What Are BetMGM Bonus Bets?

Once we lose a promotion bet, we can’t just take the money and run like Steve Miller sings. We need to use the bonus bets to strike profit. Then we can withdraw.

So what does this look like?

Let’s turn to the 10:10 p.m. tipoff of Thunder-Suns. Tyler Schmidt suggests riding the Thunder to cover the spread as underdogs:

The Thunder are the best team in the NBA against the spread this season at 36-21-1 and as underdogs they are 27-12-1 ATS.

They have the second-best Net Rating (+7.1) in the NBA since Jan. 1 and rank first in Offensive Rating (120.6) over that span.

The Thunder are playing on a back-to-back after losing by one point in overtime to the Thursday, but they are 4-1 as dogs on the second night of a back-to-back this season. I bet the Thunder at +8 and would take them down to +5.

Let’s go with Thunder +5.5 at +132 odds with $100 worth of bonus bets. This is what will happen:

  • Bet wins: We net $132 in profits.
  • Bet loses: We net nothing and continue betting through the remaining $900 hopeful for better luck.

Signing Up at BetMGM

BetMGM has a few things you should know before signing up.

  1. 21+ years old
  2. New users must be located in a state where BetMGM is active. It should be noted that 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.
  3. Access to valid deposit method (credit/debit card, bank account, or other accepted medium)

21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER

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