Promotion Banner

BetMGM Bonus Code TOPACTION Unlocks $1,000 First Bet Offer for Thursday

BetMGM Bonus Code TOPACTION Unlocks $1,000 First Bet Offer for Thursday article feature image

BetMGM NBA, 02/02/2023

BetMGM bonus code TOPACTION will unlock a $1,000 first bet on the house. That means if your first wager on the platform loses, you’ll be refunded in bonus bets, equal to whatever you lost. This is available in all BetMGM states but New York, and can be used on any game on any day.

There’s another, lower-risk offer available in Ohio, Maryland, Louisiana, Kansas and Illinois. If you use BetMGM bonus code ACTIONNBA, you’ll get $200 in bonus bets if you bet $10 on any NBA team. All they need to do is a hit a 3-pointer.

We’ll dive deeper into these offers below.

How to Sign Up at BetMGM

Here’s how to sign up at BetMGM. It should take just a few minutes.

  1. Start by clicking here
  2. Use codes TOPACTION or ACTIONNBA at checkout
  3. Enter all your info — name, address, phone number, last four digits of your SSN so they can verify your identity, etc. If you enter “fake” info like a fake address, BetMGM won’t be able to verify you.
  4. Deposit at least $10
  5. Make your first bet up to $1,000

New users must be located in a state where BetMGM operates (you can find the full list here). You don’t have to live in a BetMGM state to wager, you just have to be in the state at the time of activation and making a bet.

Still not sure if BetMGM is for you? Check out our video review.

Using Your BetMGM Bonus Codes

Confused about what all the different lingo means?  We did a breakdown of sportsbook promotions and what they mean.

For this type of promo — a “first bet on the house” — the closer to the $1,000 limit that we bet, the more value we’ll see.

The mathematically optimal strategy is betting at plus-money. It may seem scary, but with enough new sportsbook offers, it will be profitable in the long run.

Making Your First Bet

We advise bettors using promotions to always bet on longshots i.e. +300, +500, etc.

You accrue more expected value this way. This term refers to the margin between the real odds of something happening and the market’s odds.

Let’s pretend I deposit $200 and bet it all on the Pacers +100 against the Lakers in Thursday night NBA action.

  • If the Pacers win, I win $200 and keep my original $200. That’s $400 total in cash in my account I can withdraw or bet and the promo is over.
  • If the Pacers lose, I’ll get refunded $200 in bonus bets.

Using Bet Credits

OK, now you’ll have to use the bonus bets. Here’s how they work.

At BetMGM, you keep the winnings if your bonus bet wins, but not the stake. And if you lose $200, you’ll be refunded four, $50 bonus bets.

So say I take $50 in bonus bets and put it on Devonta Smith to score a touchdown in the Super Bowl at +150.

  • If Smith scores, I profit $75 ($50 x 1.5) but I don’t keep the bonus bet itself. So that’s $75 in cash in my account now, plus $150 in bonus bets left.
  • If Smith doesn’t score, the bonus bet just goes away.

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.

Must be 21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER. A Problem Gambling Helpline is available 24/7 at 1-800-589-9966 or texting 4HOPE to 741741.

How would you rate this article?

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only. Action Network makes no representation or warranty as to the accuracy of the information given or the outcome of any game or event.