BetMGM Promo Codes June 2023
BetMGM PromoGet Paid Back up to $1,000 if your first bet loses + One FREE Month of Stokastic+ Platinum
BetMGM Sportsbook Promotion Highlights & Terms
|💰BetMGM Promo Code||PLATINUMSUB|
|💵BetMGM Bonus Amount||$1000|
|❔BetMGM Promo Description||Get Paid Back up to $1,000 if your first bet loses + One FREE Month of Stokastic+ Platinum|
|🌎BetMGM Eligible States||AZ, CO, IL, IN, IA, LA, MD, MA, MI, NJ, NY, OH, PA, TN, VA, D.C., WV, WY|
|⚾BetMGM Sports Offered||Baseball, Basketball, Boxing, Cricket, Cycling, Darts, Football, Formula 1, Golf, Handball, Hockey, Lacrosse, MLB, MLS, MMA, NASCAR, NBA, NCAA, NFL, NHL, PGA, Rugby, Rugby League, Rugby Union, Soccer, Tennis, UFC, WNBA|
|✔️BetMGM Promo Verified For||June 2023|
|💯BetMGM Bonus Link||Play BetMGM Now|
How To Claim Your BetMGM Sportsbook Bonus
Get up to $1,000 paid back if your first bet loses + One Free Month of Stokastic+ Platinum
Please follow the simple steps below and use the BetMGM bonus code: PLATINUMSUB to access the promotion:
1) Create a free Stokastic membership using our link above, or log in if you already have a Stokastic.com account.
2) Click the large BetMGM button after registering or logging in. Then complete the necessary steps with BetMGM!
- Create a BetMGM Sportsbook account.
- Deposit at least $10.
- Make your first PAID bet.
- Your bet must settle to qualify for the Stokastic+ subscription.
3) After you have completed these steps, you will receive an email from BetMGM Sportsbook with instructions for redeeming your ONE FREE MONTH of Stokastic+ Platinum!
How to Use BetMGM's Welcome Bonus
If you make a first bet over $50 at BetMGM, you will receive five (5) bet credits back in equal denominations of 20% of the qualifying bet amount up to $1,000. For example, if you place a $1,000 first wager and your bet loses, you will receive five (5) $200 bet credits in return.
If your first bet loses and is less than $50, you will receive a single bet credit back, equaling the total amount of the qualifying bet. For example, if you place a $20 bet and lose, you will receive one $20 bet credit.
If your first bet wins, you get nothing from BetMGM except for the satisfaction of taking one from the house and winning a bet (pat yourself on the back).
Bet credits must be used within seven days of being credited to your account. Each bet credit can only be placed as one straight bet or parlay and cannot be split between various bet placements.
*21+. Gambling problem? Call or text 1-800-GAMBLER
Other Sportsbook Promo Codes
If BetMGM doesn't feel like the right fit for you, check out our complete list of the best sportsbook promo codes available in the U.S. from industry-leading betting sites such as Caesars, FanDuel, DraftKings, and more.
BetMGM Sportsbook Overview
The MGM brand has long been synonymous with gambling, thanks to its resort and casino presence in Las Vegas. A strong collaboration between MGM International and global betting giant Entain Group creating BetMGM made their shift to online sports betting and casinos one of the most natural in the U.S.
BetMGM has carried a solid reputation amongst beginner and intermediate bettors. While their top competitors like FanDuel and DraftKings have to split a good deal of focus to their DFS products, BetMGM remains committed to its sportsbook and online casino offering. This has resulted in BetMGM being named Casino Operator of the Year in 2021 and 2022.
BetMGM remains one of the top sports betting sites in the nation for a reason. Their offering is solid all-around, and as long as you can keep from getting limited as a sharp player, you’ll find very few apps that will stand up to this one.
What Sports are Available to Bet on
NFL, NBA, MLB, NHL, MLS, PGA Tour, EPL, collegiate-level betting in states where it is allowed, etc.
Types of Bets Available
BetMGM offers any number of different types of bets to choose from, but for their most popular selections, you can choose from straight bets (a single pick), parlays, which feature two or more picks, or round robins, which allow you to place three or more bets and pair them together in separate parlays. For more on the types of bets available, see below:
A futures bet is placed on action that’s happening at some point in the not-too-distant future, that’s usually tied to an endpoint of a season or event, such as the Super Bowl winner or NL Cy Young award winner, or player to go first overall in the NBA draft.
Moneyline bets are the most fundamental wager in all sports betting. You’re betting on Team A or Team B to win the game. If you’re betting on a favorite, they will have a minus sign in front of the odds, giving you less money back for your wager than an underdog, which will have a plus sign attached to the number.
BetMGM currently accepts live-in-game action for specific events, so you can bet on props or teams while the game is happening.
Parlays combine two or more single wagers into a single ticket, multiplying the odds to a higher amount than two single bets on separate tickets. To win a parlay bet, a bettor must get all the bets correct on that ticket.
A point spread bet is a wager on the points difference between two teams in a single sporting event. BetMGM provides the point spread number, and then a bettor chooses what side they want to ‘cover’ that differential. If the New England Patriots are favored by 7.5 points over the New York Jets but only win by seven points, the Jets would have covered that spread, and bettors who placed their wagers on the Jets +7.5 would have won.
Straight bets are wagers on a single game or event that carries a point spread, game total, money line, run line, or puck line.
A prop bet (short for proposition bet) is a wager independent of the final score of a game or outcome. These wagers encompass bets that aren’t point spreads, totals, or moneylines. Some examples:
- Kansas City Chiefs over 11.5 wins in an NFL season
- Luka Doncic under 8.5 assists in an NBA game
You can place a Round Robin bet as soon as you have entered at least three or more picks (up to eight on BetMGM) on the bet slip. The number of possible Round Robin bets depends on the number of possible outcomes, which is tied to how many selections you have made. The bets possible with your picks will be displayed automatically.
A teaser is like a parlay bet but for point spreads. You can combine two or more games (usually a maximum of four) and get points shaved off the spread. If you tease three, 3.5 favorites down to pick ‘ems, you then receive lower Totals or over unders
The main types of totals bets feature action on the score of a game or the score of a team in a game. A bettor places action on whether they think the total amount of points scored will be higher or lower than the amount listed by BetMGM.
How to Make a Deposit
Once your account is verified, you can deposit money into your account in many different ways. BetMGM accepts several methods, including:
- ACH Transfer
- American Express
- Discover Card
- Casino Cage
How to Make a Withdrawal
Your account needs to be verified before you can make a withdrawal. BetMGM allows for the same methods most other sportsbooks will offer, including:
- ACH (e-check)
- Bank check
BetMGM Ongoing Promotions
Here are some promotions you can expect while using the BetMGM sportsbook app. Most ongoing promos do not require the use of a BetMGM bonus code.
BetMGM loves running promotions to help add value to your favorite prop bets. One that the sportsbook is famous for is providing insurance if your first to score prop bet on NFL games if the player you selected scores at any time.
Challenges to Win Bet Credits
BetMGM will offer challenges throughout the year for almost all the major sports, so you have a chance to win bonus bets. The NFL has the Pick 3 Challenge, where you get three choices that you believe will score first in their matchup. You get bonus money for every one you get correct, and it is multiplied the more you get right.
Parlay Profit Boosts
BetMGM runs many promotions where the sportsbook will boost the profits of certain parlays. These are often run to promote specific events or new features on the site. For example, BetMGM runs a bunch of profit parlay boosts for the start of the NBA season.
Bonus Bet Credits
BetMGM has things like the Money Monday Club, where you can receive weekly bonuses for placing a certain amount of wagers. You only need to opt-in to these clubs and follow the instructions to earn your credits.
In states where BetMGM has its online casino available, you can get tons of unique promotions, from bonuses to first-bet insurance to competitions to earn real cash! You can find all of these in the same promotions tab for the sportsbook, as BetMGM consolidates all promotions in one place for each state.
Where is BetMGM Legal to Play?
See below for all of the states where you can play BetMGM legally.
- New Jersey
- New York
- West Virginia
How do I use the BetMGM bonus code link?
All you have to do is use our link to secure our exclusive BetMGM bonus code and ensure you're registering through an authorized partner of BetMGM. You must be a new user of BetMGM and be physically located in a state in which BetMGM operates.
What is the legal age for BetMGM Sportsbook?
The legal age for every state in which BetMGM operates is 21 years of age.
Where can I find BetMGM’s Android application?
You can download the BetMGM app directly from the Google Play store.
How do I give BetMGM my location?
BetMGM will need your geographic location to verify the legality of the state you are in. You can give the location through pop-ups on the website or within the settings for your mobile device.
Do I have to deposit money for the bonus on BetMGM?
You must deposit money to earn any new-user bonuses.
Is BetMGM legal and safe to use?
Yes, BetMGM operates in the United States legally. You can legally use BetMGM in any state where the sportsbook is licensed and regulated.
Does BetMGM accept cryptocurrencies like Bitcoin and Ethereum?
It seems logical that sportsbook operators would employ blockchain technology for online gambling, as many blockchains were designed specifically for online payment systems. However according to BetMGM, it is unclear whether they will be able to support cryptocurrency payments, wagers, or withdrawals in the future due to uncertainty around regulation. In addition to regulatory uncertainty, price volatility causes a lot of headaches for sportsbook operators and users alike. Consider the recent volatility of coins like Dogecoin (DOGE), Shiba (SHIB) and other meme-coins. Speaking to Bitcoin (BTC), Ether (ETH) and other cryptocurrency users in a recent article, BetMGM says that “At the end of the day, the only thing we know for sure is that cryptocurrency’s future in online gambling is a roll of the dice.”
BetMGM Sportsbook Review
Deposits/Withdrawals: Visa, Mastercard, PayNearMe, PayPal, Play+, Skrill, ACH Transfer, American Express, Discover Card, Casino Cage
BetMGM Pros: Sports offered, bet options, user interface, special bonuses, loyalty program.
BetMGM Cons: Will limit winning players.
Pros of BetMGM Sportsbook
BetMGM Sportsbook provides options for all major sports. From NFL to Korean baseball and UFC to darts, the book has games available.
You are able to place the simple bets, like moneyline, point total and picks against the spread. BetMGM also has props and live betting available for you to explore and bet in various ways.
BetMGM Sportsbook is incredibly user-friendly, with both their website and app. The design is clean, with big, clear tabs to help you navigate. They do a great job at making sure the page does not feel too crowded, which can be a struggle for other books. It is tough to get lost or confused on BetMGM Sportsbook.
BetMGM offers random bonuses and promotions that are too good not to mention. While some change with what is relevant at that time, one ongoing, terrific promotion is that you get a $10 bet credit every single week, as long as you placed $50 in bets during the previous week. Use this bet wisely, and you can build your bankroll quickly.
They have also offered boosted odds on special games, meaning the payout would be more profitable to place your bet on BetMGM versus another book.
BetMGM has a loyalty program called iRewards. Essentially, you earn rewards points when you play, even if it’s on casino games, and these points can be exchanged for various rewards, including hotel stays or electronics.
Cons of BetMGM Sportsbook
Unless you play in New Jersey and can take advantage of their 100% deposit match up to $1,000 for their casino games, the signup bonus for BetMGM can be a bit disappointing.
Overall Impressions of BetMGM Sportsbook
BetMGM is an excellent sportsbook that rewards its users for playing with them. If you take your sports betting seriously, you may choose them over some of the others since they are so willing to reward the consistently high bettors. If you are just starting out and learning how to bet sports online, BetMGM will work perfectly fine, but they may not offer as favorable of a signup bonus as others.
About the Author
My name is John Ferguson. I am a partnerships manager at Stokastic and a sports betting and DFS industry analyst. My expertise in sports betting and DFS spans the last decade. I have had content featured in major publications like USA Today and Sports Illustrated. I have gained additional experience reviewing the best sportsbooks and DFS sites by working with leading sports media companies like OddsShopper, Sportsbook Review, Action Network, Establish the Run, FantasyPros, BettingPros, Gridiron Experts, and more. I have a passion for creating content that people can trust. If you have any questions about anything I have written, please contact me directly at [email protected].
BetMGM PromoGet Paid Back up to $1,000 if your first bet loses + One FREE Month of Stokastic+ Platinum
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