BetMGM Bonus Code TOPTAN1600 Activates a 20% Deposit Match; $1.5K Insurance Bet for All Friday Sports

You can choose between two welcome offers at BetMGM Sportsbook. Both offers provide a bonus, which is eligible for any sporting event.

• BetMGM Bonus Code TOPTAN1600: Get a 20% Deposit Match up to $1,600 in Sports Bonus
• BetMGM Bonus Code TOPACTION: Get up to $1,500 Back in Bonus Bets if Your First Bet Doesn't Win

The primary offer at BetMGM is a 20% deposit match up to $1.6K in sports bonus. You can deposit up to $8,000 and BetMGM provides a 20% refund in sports bonus. The biggest downside of this offer is you're unavailable to withdraw until you meet the 10X wagering requirement, meaning you must wager 10x your bonus amount in the first 30 days.

The BetMGM bonus code also allows you to claim a $1,500 first bet on the house. If you lose your first bet, you'll earn it back in bonus bets. A winning bet effectively ends the promo, as you don't earn a bonus.

Keep reading to learn about BetMGM Sportsbook bonus bets, and view our example for Friday's sports slate.

BetMGM Bonus Bets, Explained

Let's assume everyone has bonus bets for Friday's sports slate. The $1,500 first bet on the house offer divides your bonus bet into five increments if it exceeds $50. For example, if your first wager is $100 and it loses, you'll receive five $20 bonus bets.

There are no limitations for your bonus bet, except that it expires in seven days. It's available for any sporting event or market over the next week.

If you want to take a strategic approach, you should target a longshot in the +300 to +700 range. This is a good long-term strategy for a bonus bet because it gives you a larger profit over time.

No matter what, you should always target a plus-money market. The bonus bet stake goes away no matter the bet outcome, so this is the only way to ensure the potential winnings are larger than the stake. You'd actually lose money if you had a winning bet on a -110 market.

Let's use tonight's Timberwolves-Suns game as an example. Minnesota won the first two games, but the series shifts to Phoenix on Friday night. Minnesota is +150 on the ML as they seek a commanding 3-0 series lead.

A $100 wager on the T-Wolves ML yields $150 in winnings. We only keep the $150 profit as the $100 stake goes away.

• Bonus Bet Pick: Timberwolves ML (+150)

Claim the BetMGM Welcome Bonus

1. Click here and select your state. Click "Register" in the top right corner to begin registration.

2. Enter your details to create a new account

• Email Address
• Name
• Date of Birth
• Select a Unique User ID
• Create a Secure Password
• Provide the Last Four Digits of Your SSN (for verification purposes)
• Phone Number
• Home Address

3. Accept the Terms & Conditions, set security questions, and confirm your age and eligibility.

4. Make an initial deposit using online banking, PayPal, a credit card, or another funding option.

5. You will get your first deposit matched 20% to unlock up to $1,600 in Sports Bonus with the BetMGM bonus code after successfully navigating the BetMGM login process.

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.