BetMGM Bonus Code ACTION Unlocks Up To $1,000 for Orange Bowl, Other CFB Games

BetMGM Bonus Code ACTION Unlocks Up To $1,000 for Orange Bowl, Other CFB Games article feature image

BetMGM Bowl Games, 30/12/2022

Interested in betting this year's college football bowl games? Now's a great time to sign up for BetMGM. Use BetMGM bonus codeTOPACTION to claim the sportsbook's $1,000 first bet insurance if your initial wager loses.

Consider betting today's slate of bowl games, like South Carolina vs. Notre Dame in the Gator Bowl, to claim the BetMGM offer. We'll walk you through how it all works below.

Available BetMGM Bonus Codes by State

First thing's first – we have to talk about which bonus code you are eligible to utilize based on where you're located. Most new users are able to claim the $1,000 first bet insurance, but there are a few states with different promos. Here's a breakdown of BetMGM promo code availability by state:

  1. TOPACTION: A $1,000 first bet on the house.
  2. ACTIONYARD: For users in Maryland, Kansas, Illinois and Louisiana only. Get $200 in bet credits 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.
  3. ACTIONOHIO: Get $200 in bet credits with no deposit required. BetMGM is expected to launch in Ohio on Jan. 1.
New YorkNone
West VirginiaTOPACTION

How to Sign Up for BetMGM

Once you've identified which promotion you are eligible for, it's time to sign up! Before you do that, though, be sure that you meet BetMGM's registration requirements:

  • You must be 21+ years old to play
  • Users have to be physically located in a legal betting state where BetMGM is active in order to sign up and place bets (check out our travel betting guide if you'll be visiting family and friends over the holiday season)
  • Have access to a valid deposit method that is accepted by BetMGM such as a credit/debit card, bank account, etc

Registering for BetMGM only takes a few minutes when you follow this easy process:

Step 1. Click here to visit the BetMGM site (or download the app)

Step 2 . Use the appropriate BetMGM bonus code based on your location (TOPACTION, ACTIONYARD)

Step 3. Provide the required account information to verify your identity (name, address, email, etc)

Step 4. Make your initial $10 minimum deposit to fund your bankroll

Step 5. Select a bet and place your first wager

Remember, most new users will get a $1,000 bet insurance on their first eligible wager, so don't be afraid to go big if you can do so responsibly!

How to Maximize the TOPACTION $1,000 Bet Insurance Bonus Offering

Bet insurance is a fairly common offer among sportsbooks. With that in mind, Action Network created this sportsbook bonus guide to help new bettors get the most from these offers. We'll share some of the highlights here with an example.

Let's say that you've successfully signed up for BetMGM and deposited $2,000 into your account. Knowing that BetMGM will credit you back $1,000 if your first bet loses, you'll want to find a plus-money wager (think +200 through +500 odds) to go after.

Take the Gator Bowl as an example. Hypothetically, you bet $1,000 on Notre Dame RB Chris Tyree to score the game's first touchdown at +425 odds. Here are the possible outcomes of that wager:

  • Chris Tyree scores the first touchdown of the game. You win back your original stake and you net $4,250 in profits. Because your bet won, BetMGM will not offer any bet credits, and the promotion has concluded.
  • Anybody else other than Chris Tyree scores the first touchdown of the game. You lose your wager, but BetMGM credits your account back with $1,000 in bet credits to fulfill the new user promo. You do not earn any profit, but also do not lose the original stake.

In the hypothetical example above, BetMGM will credit your account back with 10 separate $100 credits. This gives you some flexibility in how you can wager the $1,000 to maximum your potential earnings. As with any bet credit, though, BetMGM will keep the $100 credit should your wagers placed with them win. You'll walk away with the profits only.

The best way to use bet credits is on plus-money wagers, similar to the original example bet we discussed. While these types of bets may be a little more risky terms of their potential to win, they offer the highest potential value.

In this case, say you decide to use one of your $100 bet credits to wager on the Orange Bowl featuring Tennessee vs. Clemson. BetMGM currently lists Tennessee moneyline at +190 odds, which would make a solid option for a bet credit since it is plus-money and has a feasible chance of hitting. Here are the possible outcomes:

  • Tennessee wins. BetMGM keeps the $100 credit, but you earn $190 in profits. That credit has been used up and you have $900 in bet credits remaining.
  • Tennessee loses. BetMGM keeps the $100 bet credit, and you do not earn any profits. You'll still have $900 in bets remaining.

Continue to seek out the plus-money bets until you've played through all of your bet credits.

BetMGM Bonus Code ACTIONYARD Details

For those would-be sports bettors located in either Maryland, Kansas, Illinois, or Louisiana, your new user offer is slightly different. BetMGM is giving you a low-risk, NFL-centric offer instead. Here's a detailed look:

  • Bet $10 on any NFL game
  • Receive $200 in bet credits if the team you bet on records 1+ passing yard in that game

Ask you can see, you are essentially get $200 in bets from BetMGM with promo code ACTIONYARD in the form of 4 $50 credits.

Follow the same bet credit strategy that we laid out before to maximize your $200. Happy betting!

BetMGM Casino Offerings

If you want to take your holiday fun beyond the sportsbook, be sure to check out Action Network's BetMGM Casino offer with a value up to $1,025 when you use casino bonus code ACTIONCASINO.

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