BetMGM Bonus Code: Pick Between 20% Match or $1.5K Insurance for Tuesday NBA & NHL, Any Ongoing Event

BetMGM Bonus Code: Pick Between 20% Match or $1.5K Insurance for Tuesday NBA & NHL, Any Ongoing Event article feature image

(Photo by Richard T Gagnon/Getty Images) Pictured: Artemi Panarin.

You can activate a 20% deposit match of up to $1,600 by using the BetMGM bonus code TOPTAN1600 or a $1,500 first bet on the house with the BetMGM bonus code TOPACTION at BetMGM Sportsboook on Tuesday.

These offers are available to use at sign up for any NBA and NHL playoff game or other events listed on the site. You can access them in any live BetMGM state other than NY, NV, or Washington D.C.

How to Use the BetMGM Bonus Code

If you opt for the deposit match and aim to maximize the offer, you'll need to deposit $8,000, as BetMGM Sportsbook matches 20% of your deposit in sports bonus. For instance, a $5,000 deposit would trigger a $1,000 sports bonus.

With the first bet on the house, you can place an initial wager of up to $1,500 on any event or market. If the bet loses, you'll receive your losses back in bonus value; if it wins, you get your cash payout, so the higher your wager, the more value you'll receive.

So with that said, if you placed a $1K bet on Suns +130 against the Timberwolves, you would get a $2.3K payout if Phoenix wins, but $1K in bonus value if Minnesota wins.

Bonus bets are flexible and applicable to any sports market, but remember that while winnings are cashed out, stakes are non-refundable, and bonus bets expire within seven days.

There are several strategies to optimize your bonus value, including betting on underdogs, placing future wagers, creating parlays, or securing guaranteed profit. One such strategy involves hedging, where you bet on both sides of a proposition at different sportsbooks.

For example, let's say we wanted to bet Artemi Panarin to record 9+ shots for the Rangers against the Capitals in Game 2 on Tuesday. It's an extreme pick for the sake of the example, so bear with me.

  • Over 9 Shots +900 (BetMGM)
  • Under 9 shots at -900 (bet365)

In this case, you'd use a $50 bonus bet on Panarin to eclipse 9 shots at BetMGM (+900) and hedge it by betting against that outcome (-900). With no personal risk involved, if Panarin, you'd win $450. Conversely, if she doesn't, you'd secure a $45 win from the hedge, ensuring a profit regardless of the result.

BetMGM's Sign-Up Steps

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). Participants must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit for Terms & Conditions.

Must be 21+ and present in North Carolina. Full T&C apply. Gambling problem? Call 877-718-5543 or visit

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.