How to Make Money on BetMGM

Author:

Liam O

Updated:

Aug 31, 2023

Devoted Premier League and NFL fan. Lover of all table games, especially Blackjack & poker.

How Make Money on BetMGM

BetMGM is one of the hottest gambling platforms in the US. Having been named online casino of the year for 2022 by the American Gambling Awards, it’s no wonder that millions of Americans prefer BetMGM casino over all other online casinos. Though it’s not just their casino. In the sports betting world, BetMGM consistently ranks in the top three sportsbooks time and time again, with an estimated income of $1.44bn in 2022.

The secret to BetMGM’s success is multilayered. However, one of the most straightforward reasons for their popularity is their profitable betting lines and online casino games โ€” which give users legitimate chances to win big. Of course, many players know this already. But if you’re new to the world of online gambling, you might be wondering what you can do to get yourself a slice of the pie and start making some serious money at BetMGM.

And itโ€™s for those people that weโ€™ve made this guide on how to make money on BetMGM.

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Up To $1,500 In Bonus Bets
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How to Bet Strategically and Win at BetMGM Sportsbook

When it comes to legal online sports betting, there’s no magic trick to win money. But if you put in the hard work, these tips can be the foundation for you to consistently make money at BetMGM online sportsbook.

Do Your Research

If you don’t know what you’re betting, you’ve got no chance of winning consistently. Online sportsbooks spend millions of dollars each week to ensure they have access to state-of-the-art analytics as well as excellent research teams โ€” and for this investment, they expect to profit. However, since they have to research so many games, they can’t consider all of the finer points, and it’s here that you can make your edge.

Do your research. Understand the game you’re betting on like the back of your hand. Study not only the analytics, but also the finer points of the game, like the human element, to try and spot where the bookmakers have left an edge for profit.

Try Different Online Sports Betting Markets

The moneyline is the simplest of bets. Do you think Team A or Team B will win? However, due to its simplicity, this is one of the areas that the online sportsbooks will more than likely have on lockdown. As such, unless you’re very confident, you should be looking at different types of markets, like player-specific markets, spreads, and handicaps, to try and see where the value lies.

Game Lines

In a typical game, BetMGM will offer 60+ different types of bets. While some of these are props that are guaranteed to be unprofitable for users over the long run, a lot of them can provide hidden value if you’ve done your research.

Use Unit Betting

There are a lot of different betting systems out there. Some of them are absolute garbage โ€” but a lot of them are based on sound logic and have been used by some of the most successful sports bettors of all time. The simplest of these is the unit betting system.

With the unit betting system, you divide your sports betting bankroll into equal individual units, and then with every bet you’re going to make, you assign that bet a number on a scale from 1-10 โ€” with 1 being a sure thing, and 10 being a massive long shot. The number you assign is how many units you bet.

It’s a very simple system. And if you use our top tip of doing your research, then unit betting will be perfect for you.

Leave it Late

There are two main ways to beat the house consistently. The first, which we’ve already covered, is to do your research. But the second way to beat the house is to react quickest to game-changing match-day news and place your bet before the line changes. Of course, this tip is easier said than done, as just like sportsbooks pay millions of dollars to have the best research teams, they also pay millions to react quickest to game changing news.

As such, you’ll need to keep your eyes peeled. If you need a direction for where you should be looking for breaking news, I recommend subreddits like /r/sportsbook and keeping an eye on your Twitter feed.

If there’s been no breaking news, I like to place my bets at about one hour before the game to ensure that the late money from Las Vegas doesn’t change the lines.

Take Advantage of Bonuses

Bonuses present unique opportunities to make slightly riskier bets than you normally would. As an example, the BetMGM welcome bonus offers you a first bet insurance where if your first bet doesn’t win, you’ll get your stake returned to you in the form of a bonus bet with a max value of $1,500 when you use promo code GAMBLEUSA during sign-up.

BetMGM Bonus

There are a lot of ways you can use this bonus. But my favorite is to bet big (10 units) on an underdog to try and get that big score โ€” then, if things don’t work out, use the 10 unit bonus bet on a favorite like you usually would.

While the BetMGM first bet offer is their most well known bonus, regular customers are treated to all sorts of other bonuses like BetMGM referral and reload bonuses. When these come up, you should always take advantage of them. Unfortunately, the BetMGM Bet $10 Win $200 promo is no longer active, but there’s many others you can make use of.

Play Responsibly

If there’s one thing that everyone successful in sports betting has in common, it’s that they all practice responsible gambling. What does this mean in practice? Well, it means a couple of things โ€” first, set an amount of money that you’re willing to gamble with and stick with it. If you do end up losing your entire gambling bankroll, don’t just deposit more money right away โ€” analyze your results, find out what went wrong, and maybe a week or two later, try again.

Secondly, don’t put all your eggs in one basket. Professional sports bettors never bet more than 1% on their bankroll on any game โ€” and while recreational players can get away with betting a little more โ€” we recommend that you never bet more than 10% of your bankroll on a single game.

Finally, don’t chase losses. Even the best sports bettors go on losing streaks occasionally. When it happens to you, don’t get overzealous trying to win your money back โ€” instead, take a step back, figure out what went wrong, and go back to the drawing board.

Skip Big Online Betting Parlays

Trying to win a big parlay is like trying to win the lottery. There’s nothing wrong with betting a few bucks on one occasionally, but you need to keep in mind that the best way to win consistently is to stick to single bets or small parlays. If you are looking for a way to include parlays in your regular bets โ€” give same game parlays a try.

Whenever you’re making a bet on a popular market, you’ll be able to check out the most popular same game parlays. And if nothing interests you, you can create your own from scratch.

How to Get Bonus Funds on BetMGM

Promo Code: GAMBLEUSA
1444 ratings
Review
Up To $1,500 In Bonus Bets
21+. T&C Apply
21+. T&C Apply
  • Promo Code:ย GAMBLEUSA
  • Super fast payouts
  • Live streaming
Promo Code: GAMBLEUSA
Up To $1,500 In Bonus Bets
21+. T&C Apply
21+. T&C Apply
Promo Code: GAMBLEUSA
1256 ratings
Review
$25 On The House + $1,000 Matched Bonus
21+. T&C Apply
21+. T&C Apply
  • Promo Code: GAMBLEUSA
  • Awesome $25 Casino Bonus
  • Huge Games Library
Promo Code: GAMBLEUSA
$25 On The House + $1,000 Matched Bonus
21+. T&C Apply
21+. T&C Apply

Doubling your initial investment is a great way to get around the BetMGM vig and play a fair game against the house. The following bonuses can help you win free money on BetMGM and do just that.

$1,500 Bonus Bet

For sports bettors, the best way to get bonus bets with BetMGM sportsbook is through their welcome offer of up to $1,500 paid back in bonus bets if your first bet doesn’t win. This is a very simple offer to take advantage of. Just make sure to use our promo code GAMBLEUSA when registering to secure your bonus โ€” then place a bet, and if things don’t go according to play, you’ll be awarded 100% of your original stake back up to $1,500 in the form of a bonus bet.

$25 On The House – Free Play

If you want to play at the award-winning BetMGM online casino, you can look forward to two amazing welcome bonuses.

BetMGM Casino Bonus

The first is a $25 no deposit bonus. With this bonus, you get a $25 free bonus when you sign up using our exclusive promo code of GAMBLEUSA. Using this bonus, you can play almost any of their casino games without needing to risk any of your own money โ€” and better yet, it has an x1 playthrough requirement. So once you’ve played $25 worth of casino games, the money is yours. If you’re looking for a bonus a little juicer, the second bonus will be for you.

$1,000 First Deposit Bonus – Casino

As the second part of the BetMGM welcome bonus, when you sign up with code GAMBLEUSA, you’ll get your first deposit doubled up to $1,000. So if you deposit $100, you’ll be given an extra $100 to take your total balance up to $200. Combine this bonus with the previously mentioned no deposit bonus, and it takes the BetMGM welcome bonus value up to a grand total of $1,025. But remember, these bonuses are tied to our bonus code โ€” and you must enter the rewards code GAMBLEUSA to get these bonuses.

Other Tricks

While the welcome bonuses are undoubtedly the best bonuses at BetMGM โ€” returning users also have a lot of ways to get bonus funds as well.

  • Referral Bonus โ€” If you’ve got a friend who you know will love BetMGM, have them sign up with your referral link, and you’ll both get $50.
  • Reload Bonus โ€” Reload bonuses work very similar to the BetMGM casino first deposit bonus, except they’re available via both the online casino and sportsbook. They usually have a smaller max bonus than the welcome bonus, but they’re still a great way to give your BetMGM account a cash injection.
  • Cross Platform Bonuses โ€” If you play at both the BetMGM online casino and sportsbook, you’ll find you’ll get cross platform just by playing normally. The way these bonuses work will vary. But a good example is that by playing $100 worth of slots, you might get a $10 bonus bet in your BetMGM sportsbook account.
  • BetMGM Rewards โ€” If you plan on playing at BetMGM regularly, the BetMGM Rewards club will be for you. With it, you get bonuses the more you play and exclusive rewards on special occasions like birthdays. For a full rundown of what you can look forward to, check our guide on the BetMGM Rewards Program.

BetMGM Rewards

Insights into BetMGM’s Inner Workings

For a quick guide on the highlights of both the BetMGM online sportsbook and casino, check out the below table.

๐ŸˆBetMGM Sportsbook๐ŸŽฐBetMGM Online Casino
๐ŸŽWelcome BonusUp To $1,500 Back In Bonus Bets If First Bet Doesnโ€™t Win100% First Deposit Match Up To $1,000 + $25 No Deposit bonus
๐Ÿ“œPromo CodeGAMBLEUSAGAMBLEUSA
๐Ÿ‡บ๐Ÿ‡ธ Available StatesAZ, CO, DC, IL, IN, IA, KS, LA, MA, MD, MI, MS, NJ, NV, NY, OH, PA, TN, VA, WV & WYMI, NJ, PA, & WV
๐Ÿ“ฑMobile App?โœ…Yesโœ…Yes

Steps to Start Winning Money with BetMGM

Before you can start making money at BetMGM, you’ll first need to create an account. In this section, we’ll take you step by step through the registration process and show you how to take advantage of your bonuses.

  1. Using our links, navigate to either the BetMGM sportsbook or online casino.
  2. Depending on which link you clicked on, you’ll be taken to a different landing page. Regardless of which one it is, the next step is to click the “Register” button in the center of the screen.
  3. Since online gambling is restricted to persons 21+ currently in certain states, registration will be mainly aimed at confirming that you are eligible to play, and that you are who you say you are. For this step, you’ll need to provide information like your full name as it appears on your photo ID, your address, and your mobile number. Don’t forget to use code GAMBLEUSA when prompted to get your bonus. Once that’s done and you’ve read through the terms & conditions, click “Create My Account”.BetMGM Account Creation Bonus Code
  4. If you signed up via the online casino, your $25 no deposit bonus will be immediately credited to your account. Though to get either of the bonuses, you’ll need to make a deposit. So next up, navigate to the deposit section.
  5. Choose your preferred depositing option, enter in the amount you want to deposit, and click through the prompts. Once you do, your funds will usually be instantly available. And if you signed up with the BetMGM online casino, your first deposit will be doubled up to $1,000. For the sportsbook though, you’ll need to make a bet.
  6. Making a bet at BetMGM sportsbook is easy. Either select from one of the categories on the side and top of your screen, use the search bar to find the exact game you want to bet on or select one of the events coming up soon from the homepage.
  7. Next, choose your bet and how much you want to stake. Remember, this first bet is covered by BetMGM if you lose โ€” so it can be worthwhile going for a slightly riskier bet than you usually would. Once you’ve finalized your bet, it will appear on your bet slip. Go over everything one last time, then click “Place Bet”.
  8. Congratulations, your bet is now live. Now you just need to tune in and hope that you win. But remember, even if you lose, your stake will be returned to you in the form of a bonus bet.

Best Bets to Make on BetMGM

Most sportsbooks have their unique strengths. For BetMGM, I love their same game parlays. They offer some decent picks from their “Popular Same Game Parlays” section, but I like to dive in and make one from scratch.

BetMGM Betslip

I like to pick the handicap, the over-under, and maybe a player specific BetMGM prop if I like the odds. As you make these selections, they’ll appear on your betting slip. From there, you can review everything, select your stake, and place your bets.

Other good bets to make at BetMGM will depend on their current promotions, so it can help to be a bit of a jack of all trades when it comes to sports betting. In February, expect some Super Bowl BetMGM promotions โ€” for March, get ready for a bit of March Madness โ€” April, you usually get something for the start of the MLB โ€” and in May, you can look forward to some UEFA Champions League promotions. Every month there’s something new.

To see what BetMGM is currently offering, check out the promotions tab on the homepage.

FAQโ€™s

Does BetMGM Give Players Money?

Yes. With the BetMGM online casino welcome offer, new players can look forward to a $25 no deposit bonus. To get this promo, you need to sign up via our exclusive links and use promo code GAMBLEUSA.

How to Get Free Money on BetMGM?

If you're after free money on BetMGM, you've got two options. For online casino players, you can sign up with rewards code GAMBLEUSA to get $25 in freeplay. Though for existing users of either the BetMGM casino or sportsbook, you can also get $50 per friend that you refer.

How Do You Win on BetMGM?

There's no secret to winning at BetMGM. You'll need to do your research and analyze where there's profit to be made.

Are There Cheats That Work With BetMGM?

Not really. Like most legitimate online gambling sites, BetMGM does not have any "cheat codes". However, they do offer promo codes that act similarly. For example, by using code GAMBLEUSA you can get a $25 no deposit bonus, plus you can also get your first deposit doubled up to $1,000. Or if you're into online sports betting, you can use that same promo code, and if your first bet loses, BetMGM will pay you back your stake in bonus bets.

Up To $1,500 In Bonus Bets

Up To $1,500 In Bonus Bets

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