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BetMGM Bonus Code Activates $1,000 Risk-Free Bet & $50 Free Bet for Any Friday Game

BetMGM Bonus Code Activates $1,000 Risk-Free Bet & $50 Free Bet for Any Friday Game article feature image

BetMGM bonus code ACTION50 gets new users $50 in free bets, plus a $1,000 risk-free bet — an offer only available at Action Network through promo code ACTION50, and a higher value than anywhere else in the industry right now.

But don’t use your $50 free bet as your first bet, or you’ll forgo the risk-free bet. Make your first bet with the cash you deposited.

Unfortunately, no new-user offers at BetMGM are available in New York, Pennsylvania, and Mississippi.

Here’s how both parts of this offer work:

Risk-Free Bet Bonuses at BetMGM

Confused? Don’t worry, we’ll explain both risk-free bets and free bets below.

  • If you win your first bet: You keep the initial bet and the winnings, and it becomes real cash you can withdraw or continue betting.
  • If you lose your first bet: You get a free bet back equal to the amount of your first bet.

But to truly get $1,000 in value, you must deposit and wager $1,000. If you deposit and bet $200 and it loses, you’ll get a $200 free bet. If you deposit and bet $123, you’d get a $123 free bet back.

Also, your first bet must be $1,000 — you don’t get to choose which of your first bets gets the risk-free treatment.

Let’s say you deposit $200 and bet it all on Virginia +10 against Syracuse on Friday night. The line reached double-digits as at BetMGM this morning.

  • If Virginia covers that spread, you’ll keep your $200, and profit about $182.
  • If UVA doesn’t cover, you get $200 back in free bets.

We’ll explain what free bets are below.

Unsure what +10 means, or brand new to sports betting? Check out our 12 tips for beginners or how to read American odds first.

How Free Bets Work at BetMGM

Free bets are kind of like cash, but they can’t be withdrawn. They can be bet on anything (at least in this case; sometimes, BetMGM will give out free bets for specific sports).

But you must wager free bets so they can turn into cash.

  • If your free bet wins, you keep the winnings (but not the original free bet stake).
  • If your free bet loses, you end up with nothing.

With your $50 free bet from the exclusive ACTION50 offer (remember, don’t make it your first bet! or else you’ll lose the risk-free bet!), say you take USMNT live at halftime against Japan (they’re down 1-0). The line at BetMGM is +1000.

  • If the USMNT wins, you’ll make $500, but won’t keep the original $50.
  • If USMNT loses, the free bet goes away.

BetMGM Bonus Code Details

  • Code: ACTION50
  • Offer details: Deposit and bet $10, get $200 in free bets, or $1,000 risk-free bet
  • Available in: AZ, CO, DC, IA, IL, IN, KS, LA, MI, NJ, NV, TN, VA, WV & WY
  • Offer for: New BetMGM users

How do I Sign Up for BetMGM Sportsbook?

Signing up at BetMGM takes just a few minutes.

  1. Click here to signup.
  2. Enter accurate signup info (name, address, last four digits of SSN)
  3. Use BetMGM bonus code ACTIONYARD (KS, IL, LA) or ACTION50 (other states) at checkout
  4. Deposit with your bank account, credit card, or PayPal
  5. Make your first NFL bet of $10 or more to qualify for the $200 bonus

Some credit cards don’t like online gambling sites, so bank account transfer or PayPal is often more reliable.

If you don’t live in a state with online betting but are traveling to a different state, you can still bet. Just make sure you enter all your accurate information (not the address of your Airbnb or friend’s house). You’ll only be able to bet within state lines, but can withdraw after you’ve left.

How to Use Your BetMGM Free Bets

The best way to use any free bets is on longshots. The higher the line, the more expected value you get over time. Our experts have found there’s a sweet spot with lines priced between +300 to +700 in tight markets, meaning the gap between the two sides isn’t too large.

Here are a few ways to use your risk-free bets on Friday:

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