BetMGM Bonus Code ACTION Nets $1,000 Value for College Football

An epic college football Saturday is on tap, and BetMGM bonus code ACTION will get new users a $1,000 risk-free bet to use on Georgia–Tennessee, Alabama–LSU or any other sporting event.

Bonus code ACTIONYARD gets you $200 in free bets if you're in Louisiana, Illinois or Kansas, as long as the college football team you bet throws for 1+ passing yard. I don't anticipate that being an issue in UGA-Tennessee.

New York does not have any sign-up offers available right now.

Here is the code to use, depending on the state that you're betting in.

What to Expect from your Risk-Free Bet

Alright. You're all signed up at BetMGM. What now?

You don't get to choose your risk-free bet. It's automatically your first bet. So whatever you're comfortable depositing and betting, put it all on your first bet.

Let's dive into an example. Let's say you love Tennessee moneyline tomorrow, like the rest of the world. The Vols are around +240 on Friday night, and should be around that price leading up to the game Saturday.

So you deposit and bet $1,000 on Tennessee moneyline. Here are the two ways it can go:

• If Tennessee wins, you profit $2,400, and keep the original $1,000. You'll now have $3,400 in your account that's totally yours — withdraw, keep betting it, deposit more, whatever you want.
• If Tennessee loses, you'll get $1,000 back in free bets.

Of course, you don't have to deposit $1,000. That's just the max that you'll get back as part of the risk-free bet.

Free Bets at BetMGM

Pretend Tennessee somehow lost. Impossible, but we can pretend.

You'll now have $1,000 in free bets. BetMGM will split them up into smaller increments — 10, $100 free bets in this case.

You may think I'm crazy, but you'll want to use them all on plus-money wagers. We explain why in-depth here. While an individual bet may lose, it's all about the expected value you're getting.

OK, so let's say you bet $100 each on 10 NFL plus-money wagers on Sunday. You won't actually get the free bets if Tennessee loses until later Saturday night, so you may not have time to bet the remaining CFB slate.

Here are the random bets I chose (I'm not advocating for them, these are just examples), and sample results. I bolded the bets that "won" in this exercise.

With these bets, we've made $830 back, after losing $1,000 on the initial risk-free bet. So that's a $170 loss on our initial deposit.

Free bets, over a large sample, convert at about a 70% rate. So for every $100 you have in free bets, on average you'll get about $70 in real cash back.

How Bonus Code 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. Just a single yard! Should be pretty easy if you're betting Tennessee-Georgia.

This offer is better than the $1,000 risk-free, because you can profit

Keep in mind that you just need any college football game to unlock the $200 in free bets. So even if you're not a college football fan, it makes sense to use this

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.