BetMGM Bonus Code TOPACTION Activates $1,000 for Ohio State-Purdue, Any Game

BetMGM Sportsbook is giving new users a $1,000 first bet on the house when they sign up ahead of Thursday's packed college hoops slate that includes No. 24 Ohio State vs. No. 1 Purdue.

What's a first bet on the house? It means that if your first bet loses at BetMGM, you'll be refunded in bet credits, equal to what you lost.

BetMGM and all other sportsbooks launched in Ohio on New Year's Day. You can lock in a profit by following the optimal strategies for sign-up bonuses.

Still confused? We'll explain more below.

BetMGM Bonus Code 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.

1. TOPACTION: A $1,000 first bet on the house.
2. ACTIONYARD: For users in Ohio, 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.

Signing Up at BetMGM

Getting registered and collecting your new user bonus with BetMGM is a simple 5-step process:

1. Click here to start your registration flow
2. Enter the required account information to verify your identity (i.e. name, address, email, last four digits of SSN, etc)
3. Enter the right BetMGM bonus code (TOPACTION for most users)
4. Deposit at least $10
5. Place your first bet!

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:

1. Must be 21+ years old
2. 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.
3. Access to valid deposit method (credit/debit card, bank account, or other accepted medium)

How Bonus Code TOPACTION Works

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.

OK, let's dive into a specific example of this offer using the Ohio State-Purdue game.

Choosing a First Bet

If you can afford it, you want to maximize the bonus by putting the full $1,000 on your first bet, and not a penny more. If you don't have that big of a bankroll yet, that's OK too — wager whatever you can afford to lose.

Let's say you want to bet Ohio State -1.5 against Purdue, and you place the full $1,000 on it.

What happens next?

• If Ohio State covers the spread, you win about $910. The promo is pretty much over now — you'll have $1,910 in your account you can withdraw or continue betting.
• If Ohio State doesn't cover or loses, you get $1,000 back in bet credits.

Using the Bet Credits

Let's pretend Ohio State loses and you have to turn the the $1,000 in bet credits into cash.

Bet credits work like this — it's like BetMGM is spotting you the bet, and you keep the winnings if it wins, but not the initial bet.

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.

So let's say you take $100 of those bet credits — BetMGM will split them up into 10, $100 bets — and place it on the Titans moneyline against the Jaguars at +200 on Saturday night.

• If the Titans win, you win $200 but don't keep the $100 in bet credits.
• If the Titans lose, the bet credits go away.

ACTIONYARD Bonus Code Overview

Ohio, Maryland, Kansas, Illinois, and Louisiana bettors have another offer available — bet $10, win $200 on any NFL game. It's a lower-risk offer than the first bet on the house, but through matched betting, you can guarantee yourself more money with the first bet on the hosue.

• Bet $10 on any NFL game
• Get $200 in bet credits if the team you bet throws for 1+ passing yard

While the money value may not be as high with ACTIONYARD, new users don't have to risk much.

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.