BetMGM has a unique offer until Feb. 18. Call it free on top of free.
The book’s patented risk-free wager of up to $1,000 for new players comes with an additional feature, a free $50 bet just for signing up during this promotional period.
There are a couple of different ways to look at this BetMGM sportsbook offer.
For the big player who loads up on a $1,000 bet, it’s an instant 5% rebate and will look even nicer if the free bet becomes a collection.
For a smaller player, taking a $100 risk-free wager also gets the $50 freebie, a sizable instant return.
How NJ gamblers can get BetMGM promo
This new customer bonus augments what’s already an eye-opening introductory offer at BetMGM. The risk-free bet of up to $1,000 has made many new players think big. They can go for the gusto on one big wager and get all or part of that back if their bet fails.
This offer is only available to new users.
Here’s how the BetMGM risk-free promotion works:
- Create a BetMGM sportsbook account using the link above.
- Download the iOS or Android app and complete the registration process.
- Use the promo code PLAYBONUS50.
- Make a minimum deposit of $10.
- Place a wager on any sports event, whether it be the Super Bowl, NBA or Winter Olympics.
- This offer expires on Feb. 18.
The initial bet is considered the qualifying wager for risk-free status. That’s the one to make the big wager with if one is inclined.
If the bet wins, great, go collect. The risk-free promotion no longer applies.
But if the wager loses, gamblers get another crack at winning via free bets, up to $1,000,
Players who use the $50 free bet first will not be eligible for the risk-free promo.
The free bets will be automatically credited to one’s account within 24 hours.
Why BetMGM free bets have value
They are a lineup. In multiples, rather than as one lump-sum bet, they are extremely valuable. They spread the risk.
A couple of successful wagers with a slight underdog, like the Cincinnati Bengals in Super Bowl LVI, will put a substantial amount of return back in the pot. It would also leave room to take a long shot.
Remember that the value of the free bet is not included in any winnings.
AP Photo/Jeff Dean