BetMGM Sportsbook
While no bettor has ever found a one-size-fits-all answer to which sportsbook is the best, a specific set of sportsbooks has effectively distinguished themselves from the mediocre rest.
One of these gambling sites that has a rightful claim to a well-earned spot on the Mount Rushmore of sportsbooks that are available in the United States is BetMGM, and I have been lucky enough to see why.
With its enduring presence on the iconic Las Vegas strip and its ability to package an extensive catalog of sports and betting markets into an easy-to-use platform, BetMGM is known as one of the most recognizable sports betting brands in the entire global gambling industry.
To understand the reasons behind this, my team of experts and I conducted a comprehensive BetMGM Sportsbook review, delving into all the crucial aspects that can either make or break an online betting site. We hope that the insights from our BetMGM review can help you decide if BetMGM Sportsbook will be your next stop on your sports betting journey.
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Pros
- Superb range of sports
- Extensive catalogs of betting markets
- Enticing rewards program
- Free live-streaming for plenty of sporting events
- Outstanding reputation in the gambling industry
- Great variety of payment methods
- Reliable mobile apps for Android and iOS devices
- Great early cash-out feature
Cons
- Limited ability to track betting stats
- Live chat delays during peak periods
Overview
Few sportsbooks have had the magnitude to cause a seismic shift in the online gambling world quite like BetMGM. Owned by MGM Resorts International, BetMGM had the potential to send ripples through the gaming landscape from the moment it was introduced as PlayMGM in 2017 in New Jersey.
Today, thanks to its massive geographic expansion across the United States and its numerous partnerships with local casinos and sports teams, BetMGM is a sports betting powerhouse that captures the attention of anyone in the industry.
The sportsbook offers its users an easy-to-use platform that includes an extensive range of sports markets, lucrative promotions that can boost their winnings, and a fine selection of helpful features. While the welcome offer and the inability to bet using cryptocurrencies might be a turn-off for some, BetMGM has proven to have what it takes to be a place where a great betting experience is nearly guaranteed.
Bonuses & Promotions
Although the current welcome offer from BetMGM is not turning any heads in the industry, BetMGM orchestrates a symphony of promotional offers that seems to strike the right chord with their beloved bettors.
Welcome Offer
The current Welcome Bet offer at BetMGM invites new users to elevate their betting experience, but we remain uncertain about its overall appeal.
This bonus is available in most states until 2/12/2024, and to become eligible for it, each bettor must be at least 21 years old and meet the specific deposit and wagering criteria.
So, to become eligible for this bonus, create your account at BetMGM, deposit at least $5 into it, and place a minimum $5 wager on any available game. This will instantly get you $158 in Bonus Bets, regardless of the outcome of your first bet.
The Bonus Bets will be credited into your account within 24 hours and split into three parts. Once in your account, you can use the bets to bet on straight bets, parlays, or even same-game parlays within seven days.
Although the wagering requirements do not seem bad, it is worth noting that many other high-rated sportsbooks have far more enticing welcome offers that can attract more casual bettors.
Refer-A-Friend
Like most things in life, betting is more enjoyable with friends. So, if you have a friend interested in sports betting, you can refer them to BetMGM, and you will both earn a bonus.
BetMGM Refer a Friend Bonuses | |||
---|---|---|---|
Type of Refer a Friend Bonus | 🎰Casino Bonus | 🏈Sportsbook Bonus | 🃏Poker Bonus |
🎁Bonus | 🎁$100 Sports Bonus | 🎁$50 Casino Bonus | 🎁100% Deposit Bonus up to $1,000 + $75 Tournament Play |
🏛️Referral Limit | Up to 20 Friends Per Month | ||
📜Bonus Conditions | 1x Wagering Requirement | ||
📅 How Long the Bonus is Valid For | 30 Days | ||
❓Referred Member Requirements | Minimum 21 Years Old, Immediate Family Members Not Allowed (Parents, Spouse, Siblings & Household Members) | ||
✍️Referred Member Welcome Package Eligibility | ✅ Referred Member Can Receive Newcomer Sign On Bonus | ❌ Referred Member Cannot Receive Newcomer Sign On Bonus | ✅ Referred Member Can Receive Newcomer Sign On Bonus |
All you have to do is invite your buddy to sign up via the BetMGM Refer A Friend invitation and have them create a new sportsbook account. Once your friend verifies their account, you will both get a $100 bonus that you can use to place bets on any of the available sporting events.
How to Claim the BetMGM Refer-a-Friend Bonus
To start making the $100 for each of your friends, you’ll first need a BetMGM account with the online sportsbook. Here’s how you can take care of the whole process.
- Visit the BetMGM web client and click on the “Register” button. You’re also welcome to try the BetMGM app or the mobile website. As long as you’re in one of the BetMGM legal states, you’re free to claim the referral bonus.
- As you can’t have two active bonuses at once, it’s ideal if you go through the sign up bonus first. Remember, you are only eligible for this bonus if you sign up at the sportsbook without a referral. The friend you refer will not be eligible for the welcome bonus.
- Once you have used up your welcome bonus, visit the BetMGM refer a friend page and generate an invitation link. You can send it via email, SMS, or social media.
- Once your friend signs up, he/she must wager at least $100 to activate the BetMGM refer a friend bonus. It doesn’t matter whether the invited party signs up from the BetMGM app or the BetMGM web client.
- Once the process is done, you’ll receive your $100 referral bonus directly in your BetMGM account. You will have up to 30 days to use your bonus money.
- You can repeat the same process 20 times. It essentially gives you the opportunity to win up to a whopping $2,000 in referral bonus alone.
What your BetMGM Referred Friend Has to Do
- Any friend you refer to using your personal link must click on it to be redirected to your landing page.
- The invited friend must accept the terms and conditions attached to the BETMGM Refer-A-Friend bonus.
- Then, the referral has 30 days to create an account on the BetMGM app or Online casino.
- Next, the referred player will need to deposit at least $100 into their BetMGM account. This is attached with a wagering requirement of -200 odds or more, which needs to be fulfilled 30 days after they make the deposit.
- Once your referral has fulfilled the wagering requirement, you both will be credited $100.
BetMGM Refer a Friend Terms & Conditions
A referral bonus is mostly a very straightforward deposit bonus. All you need to do is generate the referral bonus link and send it to your friend. However, there are certain terms that you must adhere to before the BetMGM won money is credited to your account.
- The invitee must be at least 21 years old
- The invitee cannot be on a self-exclusion list or already have a BetMGM account
- Close family members, children and household members cannot be referred
- The invitee must download the BetMGM app within 30 days or visit the BetMGM sportsbook website
- The first wager with the bonus money cannot be on events with lower than -200 odds
- The refer a friend bonus is subject to 1x wagering
- Bonus money can only be used on BetMGM sportsbook events
One of the things we liked the most about the BetMGM refer a friend bonus is that your friend can be located in any of the other accepted states, and the referral link will still work.
Last but not least, if you believe one of your friends might have a gambling problem, don’t share the online sports betting BetMGM refer a friend link to them.
Sport-specific offers
The page for ongoing promotions at BetMGM can get really busy, mainly due to their sport-specific offers, often featuring odds boosts and parlay deals. Currently, BetMGM Sportsbook offers the following Sport-specific promos:
- 25% Extra Winnings PGA Tour Odds Boost
- NBA 33% Odds Boost Token
- 33% Multi-Sport Parlay Boost Token
- 33% College Basketball Odds Boost Token
In addition to the mentioned BetMGM offers, you can expect an overload of promotions during major sporting events like the Super Bowl, Stanley Cup, World Series, and the FIFA World Cup.
Select Your Squad
Another promo we love is the team-specific offer. To join, choose your favorite NFL and NBA teams. BetMGM Sportsbook will then tailor news and promos exclusively for your favorite teams, offering a personalized sports betting experience.
MGM Rewards
MGM Rewards is a tiered loyalty program that acknowledges guests and customers for their spending, offering benefits such as hotel upgrades and online BetMGM bonus bets.
This program enables bettors to convert Rewards Points into bonus credits for sports, casino, or poker play or MGM Rewards Points for complimentary offerings like food, entertainment, and hotel stays at any of the MGM resorts. Renowned in the industry, the rewards system at BetMGM is the vital ingredient to their recipe for retaining customers.
Features
BetMGM Sportsbook stands out for its effective marketing strategies. And what’s a better way to promote the company in this highly competitive industry than by offering enticing bonuses and a long list of features?
Live Betting
Live betting is a critical aspect in which many bettors like their sportsbook of choice to excel. Luckily, BetMGM does so. Despite not having the most modern appearance, the platform’s intuitive design allows for seamless navigation through live betting options.
Besides the functionality aspect, we noticed that BetMGM does not only offer very competitive live betting odds but also has a massive selection of live betting Team and Player props that are definitely worth checking out.
Cash Out
The Cash Out option at BetMGM offers bettors an option to settle bets before the final whistle. This is a valuable asset for players who want to remain responsible, safeguard their winnings before the event concludes, and ultimately minimize their losses.
Find the Cash Out option in the MY BETS section for live betting or the dedicated Cash Out section for pregame bets in your bet slip. However, remember that BetMGM does not guarantee to offer cash out at all times.
Edit Bet
Did you know that at BetMGM, you possess complete control over your bets? You can edit, add, swap, or remove selections according to your preferences and increase your stake to further sweeten the taste of your winnings. With the functionality of such a unique feature, you can now bid farewell to the era of fixed bets.
You can edit any bet eligible for the Cash Out option and any eligible bet with unsettled selections where the outcome has not already been determined. This means that even if several selections within a parlay bet have already been settled, the Edit My Bet feature can still be used as long as the Cash Out option is available.
Live Streaming
At BetMGM, you can live stream all your favorite games on both the BetMGM Sportsbook app and the desktop version. Through our experience with BetMGM, we never encountered any issues with the live streaming feature. As a matter of fact, it worked flawlessly, and it has provided us with an opportunity to stay in the heart of the action during our tests on the live betting section.
Same Game Parlays
Building same-game parlays on BetMGM can be accomplished effortlessly, thanks to the intuitive design. To craft a same-game parlay, find an event with a Build Parlay option, click the button, make at least two selections, confirm your choice, input your desired stake, and immerse yourself in the thrilling action.
For an added layer of excitement, BetMGM offers the opportunity to elevate Same Game Parlays by combining them into a bigger parlay through their SGP+ feature.
For instance, if you create a three-leg Same Game Parlay with +400 odds and another with +1200 odds, you can merge them using SGP+ for combined odds of +8000 and an additional bonus.
Banking & Payouts
Regarding payment methods, BetMGM Sportsbook, while not significantly trailing, falls slightly behind some competitors. This is mainly attributed to the absence of a few e-wallet options. Nevertheless, for those favoring traditional online banking methods, BetMGM Sportsbook provides plenty of options to deposit funds and withdraw money to your bank account.
Deposit Options
Payment Method | Fee | Payment Processing Time | Minimum Amount |
---|---|---|---|
Visa | No fee | Instant | $10 |
Mastercard | No fee | Instant | $10 |
PayPal | No fee | Instant | $10 |
Venmo | No fee | Instant | $10 |
Apple Pay | No fee | Instant | $10 |
Play+ Prepaid Card | No fee | Instant | $10 |
Cage (NJ, MI, DC, MS, AZ, OH, MD, MA, PR, KY | No fee | Instant | $10 |
VIP Preferred | No fee | Instant | $10 |
Bank Wire Transfer | No fee | 1-6 business days | $10 |
PayNearMe | No fee | Within 15 minutes | $10 |
American Express | No fee | Instant | $10 |
Withdrawal Options
Payment Method | Fee | Payment Processing Time | Minimum Amount |
---|---|---|---|
Visa | No fee | Within 24 hours (After internal review) | $10 |
Mastercard | No fee | 1-3 Business days (After internal review) | $10 |
PayPal | No fee | Within 24 hours (After internal review) | $10 |
Venmo | No fee | Within 24 hours (After internal review) | $10 |
Apple Pay | No fee | 1-3 Business days (After internal review) | $10 |
Play+ Prepaid Card | No fee | Within 24 hours (After internal review) | $10 |
Cage (NJ, MI, DC, MS, AZ, OH, MD, MA, PR, KY | No fee | Within 10-12 hours (After internal review) | $10 |
Check by Mail (NJ) | No fee | 7-21 Business days (After internal review) | $50 |
Online Banking | No fee | 2-4 Business days (After internal review) | $10 |
Instant Banking | No fee | 2-4 Business days (After internal review) | $10 |
VIP Preferred | No fee | 2-4 Business days (After internal review) | $10 |
Sportsbook Odds
Throughout the years, BetMGM has maintained a reputation for consistently presenting their customers with highly competitive odds across various sports. During our betting experience at BetMGM, we noticed consistent parity in the odds for major sporting events, aligning closely with those offered by other top-tier online sportsbooks.
For example, we checked the odds for the Phoenix Suns against the Dallas Mavericks at BetMGM, DraftKings, and FanDuel, and the moneyline odds, the odds for Over/Under, and the spread were nearly identical. Further investigation into the odds for Luka Doncic to score over 33.5 points in the same game confirmed consistent results across the three platforms.
Security
As one of the most esteemed brands in the sports betting industry, BetMGM naturally utilizes a cutting-edge system fortified by one of the most advanced firewalls in the world. By utilizing such advanced systems, the platform ensures top-level privacy and confidentiality, safeguarding against interception or alteration of your information during transmission.
To ensure the security of every financial transaction, the company relies on verified and tested encryption technology from VeriSign – a highly-established leader in the industry.
Additional security and safety checks are performed through advanced geolocation technology, state-by-state partnerships with land-based casinos, and tight regulation by iGaming authorities in every state BetMGM operates.
Customer Support
BetMGM Sportsbook does a decent job in the customer support area, providing around-the-clock live chat assistance and an email option at support@betmgm.com. However, throughout our latest BetMGM betting test, we used these two options just for the sake of research since the Help & Customer Care section has all the answers you will probably ever need.
Mobile App
We were not surprised to see that the BetMGM Sportsbook app for iOS devices holds an impressive 4.8 out of 5 rating on the App Store, backed by over 185,000 ratings. We love how all the features are implemented and how easy it is to navigate to all your favorite sporting events and bet types.
Although the BetMGM Sportsbook app for Android devices has a slightly lower rating on the Google Play store, our team of experts could not identify any specific areas requiring urgent improvement.
We want to emphasize the consistent reliability of the BetMGM betting apps, which never crashed or had any bugs during the last couple of years we have been using them.
Sports You Can Bet on
If you’re an adventurous bettor, you’re probably best catered to by online sportsbooks with extensive catalogs of sports that you can bet on.
Luckily, BetMGM is one of the sites that meets this criterion. Now let’s look at all the sports you can place a wager on at the self-proclaimed ‘King of Sportsbooks’:
- Football
- Basketball
- Baseball
- Soccer
- Hockey
- Golf
- Tennis
- MMA
- Auto Racing
- Boxing
- Cricket
- Rugby
- Alpine Skiing
- Ski Jumping
- Esports
- Volleyball
- Cycling
- Darts
- Snooker
- Table Tennis
- Handball
- Badminton
User Interface and Design
Sporting its classic white-on-black design, the website at BetMGM is a familiar sight to most American bettors. Yet, younger generations of bettors might find it old-fashioned at first glance. However, we can assure you that they will grow to appreciate its functionality after spending considerable time on it.
All the offered sports are easily accessible on the left side of the screen, and all their bet types are available through a handy drop-down list. With that and your betting slip easily accessible on the right side of the screen, you are just a click away from everything you need.
Although the desktop site and the app might not seem as modern as some of the platforms of particular competitors, the minimal loading times and the clever integration of features guarantees a positive betting experience.
Where is BetMGM Sportsbook Legal?
Considering the magnitude of the brand, the presence of BetMGM on the American legal online sports betting map did not surprise me at all. The online sportsbook is legal in more than 20 states and is a beloved online betting destination for millions of Americans. Here is a list of all the states where BetMGM is legal.
State | Online Launch Date | Welcome Bonus |
---|---|---|
Arizona | September 2021 | Up To $1,500 In Bonus Bets |
Colorado | May 2020 | Up To $1,500 In Bonus Bets |
D.C. | June 2021 | Up To $1,500 In Bonus Bets |
Illinois | March 2022 | Up To $1,500 In Bonus Bets |
Indiana | February 2020 | Up To $1,500 In Bonus Bets |
Iowa | January 2021 | Up To $1,500 In Bonus Bets |
Kansas | September 2022 | Up To $1,500 In Bonus Bets |
Kentucky | September 2023 | Up To $1,500 In Bonus Bets |
Louisiana | January 2022 | Up To $1,500 In Bonus Bets |
Maryland | November 2022 | Up To $1,500 In Bonus Bets |
Massachusetts | March 2023 | Up To $1,500 In Bonus Bets |
Michigan | January 2021 | Up To $1,500 In Bonus Bets |
Mississippi | September 2021 | Up To $1,500 In Bonus Bets |
Nevada | March 2020 | Up To $1,500 In Bonus Bets |
New Jersey | August 2018 | Up To $1,500 In Bonus Bets |
New York | January 2022 | No welcome bonus available |
North Carolina | March 2024 | Up To $1,500 In Bonus Bets |
Ohio | January 2023 | Up To $1,500 In Bonus Bets |
Pennsylvania | December 2020 | Up To $1,500 In Bonus Bets |
Tennessee | November 2020 | Up To $1,500 In Bonus Bets |
Virginia | January 2021 | Up To $1,500 In Bonus Bets |
West Virginia | January 2020 | Up To $1,500 In Bonus Bets |
Wyoming | September 2021 | Up To $1,500 In Bonus Bets |
The US sportsbook also recently embarked in the UK market, where it has been well-received.
Account Signup and Deposit Process
How to Register A BetMGM Account
Before you can take advantage of all of the sports betting options at BetMGM without creating an account first. The sign-up process is straightforward, and it takes just a few minutes to open a BetMGM account. You can easily make an account on the BetMGM site, which you can do on mobile or online at betmgm.com.
Once on the site, follow the below steps to register for an account.
- Enter an email address. Make sure it is one you regularly use, as BetMGM will email various promotional offers. After that, you will need to choose a password, enter any BetMGM bonus code you have, and click continue.
- Then you will need to follow the prompts and enter your details. This is all standard information that any legal online sportsbook will require for verification and safety reasons. The details you will need to enter include your name, address, and the last four digits of your Social Security number.
- The final step is to confirm that you have read the terms and conditions, are located in a legal betting state, and are at least 21 years of age.
BetMGM will verify your details as part of the registration process. The whole thing can be done in minutes and is simple and efficient. Once everything has been confirmed, you can claim your bonus opening bet worth up to $1,500. Use the BetMGM promo code GAMBLEUSA to qualify for the offer.
Once you have completed this process and started betting, you will become part of the M Life Rewards program. This is the name of the MGM rewards scheme, which helps you turn everyday purchases into winning exclusive prizes by earning tier credits and points.
BetMGM is one of the most popular operators available, mainly because of how easy it is to use. You can be brand new to sports betting or an experienced pro; placing a wager on BetMGM is easy to do.
How to Deposit at BetMGM
Now your account is sorted, it’s time to make a deposit to your BetMGM account so you can place your bet with the book. Like creating a new account, the process for adding funds is simple. Go to the deposit section in the main menu and select the method you want to deposit. Then on the next screen, enter the amount you want to deposit and the card details, then press deposit.
BetMGM has numerous banking methods for both deposits and withdrawals. These payment options may vary by market, but there’s a good range of options in each of the legal states the site operates in.
- ACH e-check
- BetMGM Play+
- Credit card: Mastercard, Visa, or American Express
- Check by mail
- Online banking transfer
- PayNearMe
- PayPal
- Retail casino cashier
- Skrill
- VIP Preferred
BetMGM also accepts Amex as a deposit option which makes it one of the few US sportsbooks to accept American Express.
In some states, bettors have the ability to deposit into their accounts through the casino cage at a BetMGM casino partner. There should be plenty of payment options on any online sports betting site, and BetMGM includes all of the expected e-wallets and efficient systems we would expect from a modern sportsbook.
Customers can deposit and withdraw from anywhere in the US, but they may only place bets when physically located in states where BetMGM is licensed.
How To Place A Bet At BetMGM
BetMGM ensures that everything on the site is displayed to make the wagering experience smooth. Once you log in, the main betting lobby will show popular upcoming significant games and events. The default listing will display all of the main pregame betting options for that sport. You can also scroll to find a sport to bet on at the top of the screen or select the A-Z menu on the footer of the page.
This will show all the available sports you can bet on (we list these below). Select the sport you want to bet on, say basketball, for example. For all of the most prominent team sports, you’ll see a similar style of listing with the odds for moneyline, total, and spread bets. If you want to see additional options, simply click on the “all wagers” link in the lower right.
That will reveal all of the other available bets, including BetMGM, same game parlays, player props, and alternate lines. When you have found something you want to wager on, just click on the odds that correspond with your choice and add it to the bet slip. Tapping on any of the odds boxes will add this selection to your bet slip. If you make a mistake or want to change your picks, you can do this on your betslip so don’t panic if you tap the wrong odds.
Once you have made your selections, tap on the betslip and review your selections. If you are happy with your choices, enter the amount you want to bet (the stake), and you can see how much you will win should your bets come in. When you are happy, press place bet, and that’s all there is to it.
Once you have placed your bets, head to the “My Bets” section. Here, you can track the progress throughout the game and take advantage of any early cash-out offers that may come up. But before you go downloading the sports betting app and placing a point spread bet, it is important to know the types of bets BetMGM offers.
If your bets are successful, they are usually settled within a few minutes. Once this happens, your funds will be available in your account, you can then make a withdrawal from BetMGM. Withdrawing is just as easy as making a deposit. Check out our separate guide for full instructions.
How To Bet Moneylines At BetMGM
A money line bet is the simplest type of wager, so it feels like a good place to start! It is one of the most popular forms of sports betting and only includes odds, as in “odds to win .” You are only predicting the outcome of a game. The favorite will always have a minus sign (-) displayed next to it, while the underdog is indicated by a plus sign (+). You can get these across sports, but it is prevalent in baseball and hockey. If you are betting on the favorite, the moneyline is the amount you would have to bet to win $100. The moneyline is the amount you stand to win with the underdog if you bet $100.
Take the below example:
- LA Rams (-300)
- Arizona Cardinals (+250)
In this instance, you would have to wager $300 on the Rams to win $100. Alternatively, the same bet on the Cardinals would see you win $250. Moneylines always assume a base of $100.
How To Bet Over/Unders At BetMGM
This type of wager is also known as a total. If you are making a total bet, you are placing a wager on the combined points from both teams at the end of the game. Subject to the odds, you can wager either over the projected total number or under, hence the name. You can place these bets before the game or during the first half.
For example, say you wanted to bet on a Dallas Cowboys running back’s total rushing yards. The total is ‘set’ at 85 yards. If when the game finishes, the Cowboys running back gets to 86 yards or more, the ‘over’ wins, and you can celebrate a job well done.
How To Place Prop Bets At BetMGM
Prop bets, or proposition bets, are also referred to as side bets because they allow you to wager on specific events that occur within a game instead of just on the game itself. Game props are usually presented as moneylines and can cover a range of in-game events, such as a basketball player scoring a certain amount of three-pointers.
In NFL betting, one example of a prop bet would be Patrick Mahomes over 280.5 passing yards (-120)
How To Place Parlays At BetMGM
Parlays are widely regarded as one of the trickiest types of bets. This is where you place wagers on the outcome of multiple games, and all of them need to win for you to get a payout. The sports betting odds for each game or ‘leg’ of the parlay are multiplied by one another to determine the overall odds of the parlay wager. Parlays can be made up of many bet types, including spread, over/unders, and moneylines. This is risky, but you can win a large amount of money if it comes off, and certainly more than if each wager was placed separately.
BetMGM also provides same game parlays, or a BetMGM one game parlay as known by the book. These bets are a low-risk, high-reward strategy that allows you to combine your favorite bets to earn a large payout for one game. To place a One Game Parlay wager on BetMGM, head to the sport, league, or event page and select the game or match you wish to wager on. One Game Parlay” is visible for the qualifying games and matches.
Final Verdict
BetMGM is not your only option for sports betting or online casino games, and we always encourage bettors to test as many options. However, despite the hype of online sportsbooks like DraftKings and FanDuel, renowned for intricate betting options, BetMGM still has everything needed to provide an impeccable betting experience.
With extensive sports coverage, a significant presence on the U.S. betting map, and a user-friendly platform full of valuable features, BetMGM stands out as a compelling choice for anyone seeking a premier sports betting hub. This holds especially true for dedicated bettors who can maximize the benefits of the superb rewards program.
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