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BetMGM First Bet Offer ~ Bonus Bets Up To $1,500

Take advantage of this BetMgm offer for new players by joining the sportsbook, depositing at least $10 or more, placing your first bet, and if the first bet loses, you will receive your original stake refunded up to $1,500!

Welcome
Deposit
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  • Attraction For New Players
  • Stake Refund up to $1,500
  • No minimum odds
  • Restrictions on existing players
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1

About The BetMGM First Bet Offer

New customers interested in joining popular bookmaker BetMGM are in for a special treat since they can get a refund of their first bet if it loses up to $1,500.

This bonus is paid back in the form of bonus bets. New players have to create a BetMgm account and deposit at least $10 into their sportsbook account to qualify for this offer.

When you place your first wager and it loses, you will receive your stake back as bonus bets.

If a player’s qualifying wager loses and it is more than $50, the player will receive 5 bonus wagers back in equal denominations of 20% of the total amount of the bet up to $1,500.

The bonus bets appear instantly in your Betmgm account once your first qualifying wager is lost.

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2

Important Bonus Conditions

  • This promotion is for all new BetMGM sportsbook account users;
  • Participants who claim this offer will not be eligible to receive any other Welcome offer;
  • Only the first $1,500 of a qualifying bet is eligible for this promotion;
  • You cannot place a wager until your account is verified;
  • Each bonus bet can only be used once;
  • Bonus bets must be used within 7 days of them being credited to your account;
  • The value of a bonus bet, once wagered, cannot be included in any winnings;
  • Bonus bets cannot be redeemed for cash or withdrawn from a player's account.

2.1

BetMGM First Deposit Bonus At A Glance

Offer RequirementsDetails
✨ Minimum Deposit⚽ $10
⛳ Maximum Bonus⚡ $1,500
⏰ Bonus Bet Validity✨ 7 days after being credited to your account.
❤️ Maximum Number of Bonus Bets you can Receive⛳ 5
⚪ Eligible Players❤️ New Players
3

Sign Up Using Promo Code

Creating an account at Bet Mgm is quite straightforward. The process takes less than 5 minutes to complete. To register a Betmgm account


3.1

Visit Official Site

Visit the official Betmgm betting site and indicate the state from which you are betting using your preferred device.

You can also choose to download the Betmgm mobile app and begin the registration process.



3.2

Click Sign Up

Click on the golden sign-up icon at the top right section of the betting site to begin the registration process.



3.3

Enter Registration Details

Enter the details required in the registration form including your email address, preferred password, legal name, SSN, date of birth, mobile number, and physical details.

You can also choose to register via Paypal or Yahoo Sports.



3.4

Submit Details

Accept the terms and conditions of the sportsbook after correctly entering your details. You can finally click on complete registration to finalize the registration and create your Betmgm account.

The sportsbook has to verify your account before you can place a bet.


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4

How To Bet With The Betmgm First Bet Bonus

4.1

Login

Click on the login button at the top right side of the page and enter your correct email address and password to access your Betmgm account.

4.2

Deposit

Click on the cashier and choose your preferred payment method among the methods provided by the sportsbook.

Proceed and enter the amount you wish to deposit and confirm the transaction.

4.3

Choose Your Favourite Sport

Choose your preferred betting events you wish to select from the wide range of sports betting options provided at Betmgm. There are many sports provided by sportsbook including the popular leagues from all over the world such as the Premier League, NBA, MLB, NHL and more.

4.4

Wager

After selecting the events you wish to wager on, click on the wagering slip and enter the amount you wish to stake with. You can confirm the wager by clicking on Place Bet.

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5

How Much Do I Get If I Win?

If you place a $1,500 initial bet and it loses, you will receive five $300 bonus wagers. If you place a $40 initial wager and your wager loses, you will receive one $40 bonus bet. The bonus bets received are capped at $1,500.
6

Withdrawing Winnings With A Bonus

Once you receive your stake back in form of bonus bets, the bets cannot be redeemed for cash or withdrawn. You can use the bonus bet by clicking on “Apply Bonus Bet?” on your betting slip. If your bonus bet wins, the net winnings are then credited to your account. The stake amount offered through the bonus bet is not credited.

To withdraw your winnings

  • Tap on your profile;
  • Select Withdrawal in the Cashier section;
  • Choose your preferred withdrawal Method;
  • Enter the amount you wish to withdraw;
  • Click on Submit to complete the withdrawal process.
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6.1

Withdrawal Methods

Withdrawal Method❤️ Minimum WithdrawalProcessing Time
✨ Play+⚡ $10⏰ Within 24 Hours
⚽ Visa (Debit Only)⚡ $10⏰ Within 24 Hours
❤️ Mastercard (Debit Only)⚡ $10⏰ Within 24 Hours
⚡ Paypal⚡ $10⏰ Within 24 Hours
⚪ VIP Preferred⚡ $10⏰ 2-4 Business Days
⛳ Online Banking⚡ $10⏰ 2-4 Business Days
✨ Bet MGM At State Farm Stadium (Cage)⚡ $10⏰ Within 72 Hours

6.2

Deposit Methods

Deposit Methods
✨ Play+
⚡ Visa/Mastercard Credit/Debit card
⛳ MGM Rewards Mastercard
❤️ Paypal
⚪ VIP Preferred e-check
⚽ Online Banking
✨ Venmo
⚪ Bank Wire Transfer
❤️ PayNearMe
⚡ Apple Pay
6.3

Other Available Bonuses

7

Conclusion

Join BetMGM sportsbook today and enjoy a refund of your initial stake back when it loses! You have to create your account successfully and deposit at least $10 or more to qualify. If your first bet loses, the sportsbook returns your stake in the form of bonus bets up to $1,500.

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8

Frequently Asked Questions

How do I use my bonus bets?
To use a bonus wager, simply add a wager to your betting slip and click on ‘Apply Bonus Bet?’ next to the stake area to activate your desired bonus bet.
If my first wager wins, will I receive this bonus?
No. This offer is only available for new players whose initial bets lose. They receive refunds of their original stake up to $1,500 in the form of bonus bets.
If my first bet is more than $1,500, what amount will I receive in this promotion?
The maximum bonus you can receive from this promotion is $1,599 even if your qualifying wager is more than $1,500.
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Author

Kamau Ndirangu
Bonuses Editor