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BetMGM Bonus Code TOPACTION Nets $1,000 for Tuesday Slate

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BetMGM NBA, 01/17/2023

Football season may be winding down but basketball is just heating up. And BetMGM bonus code TOPACTION will unlock a $1,000 first bet on the house for anyone signing up for the first time. This BetMGM Sportsbook bonus can be used on any sport — NBA, college basketball, soccer, NHL, NFL and more.

How’s it work? If your first bet loses after inputting our BetMGM bonus code, you’ll be refunded in free bets equal to whatever you lost. So if you make a $100 bet on the 76ers -1 against the Clippers and it loses, you’ll bet $100 back in free bets (aka bet credits). If it wins, you keep the profit and initial stake.

We’ll explain with more examples from BetMGM Sportsbook below.

Signing Up at BetMGM

First, start your sign-up process. If you’ve already begun and are just looking for a BetMGM bonus code, use TOPACTION to complete the checkout.

Here are the steps to get started:

  1. Click here to sign up
  2. Enter your bonus code (TOPACTION, ACTIONYARD)
  3. Enter all your personal details — name, address, last four of SSN, phone number, etc. Make sure you put all your real info — they use the last four of your SSN to verify your identity, so putting any fake info will create problems
  4. Deposit with credit card, bank account, etc
  5. Place your first bet up to $1,000

How BetMGM Bonus Code TOPACTION Works

We’ve already covered the different sportsbook sign-up offer types in-depth if you want to take a closer look at each one.

But let’s dive into the “first bet on the house,” often called a “risk-free bet” as well.

Making First Bet

To maximize the value of the promotion, you do want to put your entire deposit on your first bet. It may seem scary, but that is the mathematically optimal move.

Let’s use tonight’s 76ers vs. Clippers game as an example. Say you bet $100 on the Sixers -1.

  • If Philly wins and the bet wins, you’ll profit about $91, and keep the original $100.
  • If Philly loses, you’ll get $100 back in bet credits aka free bets.

If the bet does lose, you’ll have to use the bet credits and turn them into cash. We’ll cover that next.

Bet Credits With BetMGM

OK, you’re armed with $1,000 in bet credits. What now?

The free bet strategy is similar to we previously outlined. You should be betting at plus-money — it’s the mathematically optimal move.

Bet credits are like BetMGM spotting you a bet. If it wins, you keep the winnings but not the bet amount. If it loses, you lose the credit.

Say you take $100 from losing the Sixers bet and put it on the Cavs +110 against the Grizzlies on Wednesday.

  • If the Cavs win, you’ll win $110, but you don’t keep the $100 bet credit.
  • If the Cavs don’t cover, that bet credit goes away.

You’ve now lost your entire deposit — that’s why most sportsbooks don’t call them risk-free anymore!

BetMGM Bonus Codes by State

BetMGM has some different offers by state. The $1,000 first bet on the house is the most valuable if you have a somewhat sizeable bankroll and use the offer in the optimal way, but the bet $10, get $200 offer is also strong and lower-risk.

  1. TOPACTION: A $1,000 first bet on the house.
  2. ACTIONYARD: Ohio, Maryland, Kansas, Illinois and Louisiana only. Get $200 in free bets when you bet $10 on any NFL game. These offers will end in just a few days,
State Code
Arizona TOPACTION
Colorado TOPACTION
Indiana TOPACTION
Illinois TOPACTION/ACTIONYARD
Iowa TOPACTION
Kansas TOPACTION/ACTIONYARD
Louisiana TOPACTION/ACTIONYARD
Maryland TOPACTION/ACTIONYARD
Michigan TOPACTION
Mississippi None
New Jersey TOPACTION
Nevada None
New York None
Ohio TOPACTION/ACTIONYARD
Pennsylvania TOPACTION
Tennessee TOPACTION
Virginia TOPACTION
West Virginia TOPACTION
Wyoming TOPACTION

 

ACTIONYARD Bonus Code Overview

If you’re in Ohio, 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 works:

  • 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 bet credits.

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.

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