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BetMGM Bonus Code Nets Big Offer for Monday Night Football

BetMGM Bonus Code Nets Big Offer for Monday Night Football article feature image
  • Signing up at BetMGM and want to make sure you claim free money? Use bonus code ACTION to get a $1,000 risk-free bet.
  • We'll explain much more below about how the offer works, how to use the free bets, and plenty more.
  • Claim the code now ahead of Monday Night Football between the Ravens and Saints.

BetMGM bonus code ACTION activates a $1,000 risk-free bet for RavensSaints on Monday Night Football, or any other game in any sport.

Bonus code ACTIONYARDIllinois, Louisiana and Kansas only — will get new users $200 in free bets if they NFL team they bet throws for 1+ passing yard.

Here’s a full list of the best bonus code by state. New York does not have any offers available right now.

State Code
Arizona ACTION
Colorado ACTION
Indiana ACTION
Michigan ACTION
Mississippi None
New Jersey ACTION
Nevada None
New York None
Pennsylvania ACTION
Tennessee ACTION
Virginia ACTION
West Virginia ACTION
Wyoming ACTION

Risk-Free Bet Definition

Alright, so how does this risk-free bet work exactly? It’s not “risk-free” and it doesn’t guarantee you $1,000.

It just provides insurance in case you first bet loses. You’ll be refunded in free bets equal to that amount.

Let’s say you bet $200 on Lamar Jackson to score a touchdown against the Saints on MNF. He’s priced at +130 at BetMGM.

  • If Jackson scores, you profit $260 (that’s the normal payout for a $200 bet at +130) and you keep your original bet stake. That’s $460 in your account.
  • If Jackson doesn’t score, BetMGM will refund you $200 in free bets.

Here are some ways to use your risk-free bet on Monday:

The free bets are split up into four, $50 free bets. They can’t be split down any further than that.

So how do they work exactly? Let’s dive in.

Free Bets at BetMGM

Here’s how I like to think about free bets — it’s like BetMGM pays for the bet, and if it wins, you get to keep the winnings. But you don’t get to keep the bet amount.

So how should you use them, generally? Plus-money. Always plus-money. While an individual bet may lose, it’s all about the expected value you’re getting over time. Place enough free bets at plus-money, and you’ll come out ahead.

Although you won’t actually have the free bets for Monday Night Football since that’s when you’re using the risk-free bet, we’ll use it as an example. Let’s say you place a $50 free bet on each of the four bets below.

And let’s pretend the bolded ones win.

Bet Odds Profit
Saints ML +120 $60
Desean Jackson TD +550 $275
Duvernay TD +220 $0
Olave over 5.5 catches +102 $0
Total Profit $335

In this scenario, you’ll make $335 from the free bets, but you started with $200 in your account. So that’s a profit of $335 from this bonus offer.

Over a large sample ratio, free bets convert at around 70%. This means that every $100 you have in free bets, you’ll get back about $70 on average.

Here’s How ACTIONYARD Works

Are you in Kansas, Illinois or Louisiana? ACTIONYARD gets you $200 in free bets, as long as the team you bet throws for a passing yard. Shouldn’t be a problem for Lamar Jackson or Andy Dalton.

This is a better offer than the $1,000 risk-free, because you only have to risk about $20 to turn it into a few hundred backs.

In the example above, if you split the free bets with two wins and two losses, you can make $335 on a $20 deposit. You don’t actually have to risk much.

Offer Details & Signup

Signing up at BetMGM is simple:

  1. Click here to signup.
  2. Use ACTION or ACTIONYARD at checkout
  3. Enter your personal info. You may be asked for the last four digits of your social security number, which is needed to verify your identity.
  4. Deposit at least $10

Then depending on which offer you chose, you’ll unlock $200 in free bets through 1+ passing yard in an NFL game, or a $1,000 risk-free bet to use on your first wager.

If you’re traveling to a state with legal betting, it’s perfectly legal to sign up and bet, as long as you’re inside state lines. You can even withdraw money if you’re back in your home state; the only thing you can’t do is actually bet.

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