BetMGM bonus code ACTION50 will get new users $ 50 in free bets, plus a $ 1,000 risk-free bet on their first wager – an exclusive Action Network offer.
One important note: Using the $ 50 risk-free bet as your first wager will forgo the risk-free bet, so be sure to make your first bet using cash you deposited.
BetMGM has an even better offer if you’re in Kansas, Illinois or Louisiana – bet $ 10 on the Steelers or Browns moneyline, and get $ 200 in free bets if the team you bet throws for 1+ yard! Use ACTIONYARD to claim.
Note that new users offers are not available at BetMGM in New York, Pennsylvania, and Mississippi.
Here’s how both offers work:
How Free Bets Work at BetMGM
Free bets are almost like cash, but they can’t be withdrawn. They can be bet on anything and if they win, they turn into real cash in your account.
- 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 (remember, don’t make it your first bet! Or else you’ll lose the risk-free bet!), Say you take Steelers TE Pat Freiermuth to score a touchdown against the Browns at +160.
- If he scores, you’ll profit $ 80 ($ 50 x 1.6) but you won’t keep the free bet.
- If he doesn’t score, you end up with nothing.
Risk-Free Bet Bonuses at BetMGM
OK, the risk-free bet gets slightly more complicated. Here’s how it works at BetMGM:
- If you win your first bet: If the first bet you place at BetMGM wins, you keep the stake and the winnings, and it becomes real cash you can withdraw.
- If you lose your first bet: You get a free bet back equal to the amount of your first bet.
But to get $ 1,000 in free bets, you have to deposit and wager $ 1,000. If you deposit and bet $ 350 and it loses, you’ll get a $ 350 risk-free bet. If you deposit and bet $ 50, you’d get a $ 50 risk-free bet back.
Also, your first bet must be $ 1,000 – you don’t get to choose which of your first ten bets gets the risk-free treatment.
Let’s say you deposit $ 500 and bet it all on Steelers moneyline against the Browns – +165 as of Thursday morning at BetMGM.
- If the Steelers win, you profit $ 825, and keep the original $ 500. You now have $ 1,325 in your account you can withdraw.
- If the Steelers lose, you get $ 500 back in free bets, which follow the same rules we outlined above.
If you’re new to sports betting, check out our 12 tips for beginners or how to read American odds.
How Does the Bet $ 10, Win $ 200 Promo Work?
If you are in Kansas, Illinois or Louisiana, use promo code ACTIONYARD and you’ll get $ 200 in free bets once you wager $ 10 on the Steelers or Browns moneyline. If the team you bet throws for 1+ passing yard, you’ll get the $ 200.
You’ll then be able to use those $ 200 in free bets on any other games this weekend.
If you’re in any other state, use ACTION50 for a $ 1,000 risk-free bet and $ 50 in free bets.
BetMGM Bonus Code Details
- Code: ACTIONYARD in KS, LA or IL, ACTION50 in other states.
- 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.
- Head to BetMGM to signup (click here for KS, IL & LA and here) for everywhere else.
- Enter accurate signup info (name, address, last four digits of SSN)
- Use BetMGM bonus code ACTIONYARD (KS, IL, LA) or ACTION50 (other states) at checkout
- Deposit with your bank account, credit card, or PayPal
- Make your first NFL bet of $ 10 or more to qualify for the $ 200 bonus
Some credit cards don’t play nice with online sports betting, so bank account transfer 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 play Thursday Night Football using your new free bet and risk-free bet:
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