We take a deep dive into how to claim your BetMGM promo including tips & strategies to maximize your bonus.
BetMGM Bet $10 Win $200 Promo
Unfortunately, you are a little late, the BetMGM Bet $10 For $200 promo for new customers has expired. But don’t worry, BetMGM sportsbook has a bonus bet of up to $1,000 if your first wager loses (Use promo code: GAMBLEUSA to claim now!)
You can enjoy sports betting and get 100% of your stake back all the way to $1,000 in bonus bets. While you can’t cash out the BetMGM bonus bets, you do get to keep whatever you win.
If you are looking for a similar deal to BetMGM’s Bet $10 For $200 promo, use this link and enjoy DraftKings’ Bet $5 Get $150 promo for first customers! FanDuel also has the exact same Bet $5 Get $150 offer, which you can claim here. The bet365 $1 for $200 deal is hard to miss as well.
- Superb range of sports
- Enticing rewards program
- Extensive catalogs of betting markets
- Accepts deposits as low as $5
- Hefty welcome and referral bonuses
- Available in 22 US States
- Massive Choice of Sports
- Daily Odds Boosts
- Convenient Banking
- Great Mobile App
- Brilliant Welcome Bonus
- Range Of Bet Types
Keep reading to find out how BetMGM’s Bet $10 For $200 promo works, detailed information on the current BetMGM bonuses, and how best to use these promos to maximize your winnings!
BetMGM Bet $10 Win $200 Explained
You can’t claim Bet $10 Win $200 BetMGM bonus at the moment as the platform ended the promotion, but we expect them to resurrect the bonus sooner or later. So you are ready when BetMGM sportsbook does relaunch, here is how the Bet $10 Win $200 promo works!
BetMGM NFL Promotion
When you place a $10 moneyline bet on any NFL game, you will get $200 in bonus bets when either team scores a touchdown. It doesn’t matter if your team wins or loses, you will still get 4X$50 bonus bets, but to maximize your winnings, bet on a heavy favorite.
The BetMGM bonus bets come with a super low 1x wagering requirement, and whatever you win, you can cash out. To claim this deal, simply sign up and use the promo code: GAMBLEUSA.
BetMGM NHL Promotion
Not a fan of the NFL? Don’t worry, BetMGM has the same bonus for the NHL! When you make a $10 moneyline bet on any NHL team, and either team scores a goal, you will get 4X$50 bonus bets. Even if you pick a loser, BetMGM will still payout your bonus bets, which have a very generous 1x wagering requirement.
Remember to use the promo code: GAMBLEUSA when creating a new BetMGM account to claim this bonus.
BetMGM NBA Promotion
Basketball fans haven’t been forgotten about, either! Bet $10 on any NBA team to win their next match, and if either team hits a three pointer, you instantly scoop 4X$50 bonus bets. Just like the other promos, it doesn’t matter if the team you backed loses, you will still get your bonus bets.
You can’t cash out your bonus bets, but they come with a very reasonable 1x wagering requirement, so you are definitely a favorite to end up in profit.
BetMGM Promo Code
BetMGM’s current bonus is a 100% up to $1,000 insurance bonus on your first wager. So how it works is BetMGM will refund your first wager with bonus bets if it loses. For example, if you bet $500 on the Los Angeles Lakers to beat the San Antonio Spurs, but they lose, BetMGM will credit your account with $500 in bonus wagers.
To claim this BetMGM bonus, you need to deposit a minimum of $10 and use the promo code: GAMBLEUSA during the sign-up process. The bonus bets come with a 1x wagering requirement, and you get to keep whatever you win.
- Superb range of sports
- Enticing rewards program
- Extensive catalogs of betting markets
For all losses over $50, you will receive bonus bets in 20% denominations, so if you lose $500, you will receive 5X$100 bonus bets. Also, BetMGM bonus bets expire within seven days, so make sure you have enough time to use all that bonus cash.
BetMGM’s current offer may not be quite as generous as their Bet $10 Get $200 promo, but it does offer more value for high-stakes gamblers.
How BetMGM Sportsbook Promo Code Works
BetMGM has made it very easy to claim their bonus, don’t worry, there aren’t any complicated steps. Just make sure you follow all of these steps to successfully use the BetMGM promo code and get a $1,000 insurance bonus:
- Click this link
- Tap the gold Registration button in the top right-hand corner
- Fill in your personal details
- When prompted, enter the promo code GAMBLEUSA
- Verify your BetMGM sportsbook account
- Deposit at least $10
- Pick a sport and bet type
- Bet at least $10
If your first bet wins, then unfortunately, you don’t receive any bonus bets, but you do collect your winnings and can instantly cash out. If your first wager loses, then you receive 100% of your stake back up to $1,000 in bonus bets. For example, if you bet $1,000, you will get 5X$200 bonus bets.
The BetMGM bonus bets come with a 1x wagering requirement which means you get to cash out whatever you win. You can use the bonus bets to wager on any sport or league, including the NBA, NFL, MLB, and UFC. But you better be quick, as your bonus bets expire in just seven days!
- Superb range of sports
- Enticing rewards program
- Extensive catalogs of betting markets
Tips and Strategies with BetMGM Betting Promos
How you decide to use your BetMGM promotion can dramatically impact your potential winnings. To maximize your BetMGM promo profit, follow these tips and pay special attention to these terms and conditions:
- If you have some spare cash, then max out the bonus and deposit $1,000.
- Deposit at least $10; otherwise, you won’t receive insurance on your first bet.
- This money-back promo only applies on your very first bet, so you are out of luck if you have already been wagering at BetMGM sportsbook.
- You need to bet on underdogs with a realistic chance of winning because the BetMGM bonus bets are stake not returned. For example, if you have a $200 bonus bet and wager at +300 odds, you will only win $400.
- Even though the bonus bets are stake not returned, you do get to keep your winnings.
- If you don’t use your bonus bets offer within seven days, they will expire worthless.
- As you can use the bonus bets to wager on any sport, stick to sports and teams you follow closely to boost your odds of picking a winner.
- If your first bet loses, BetMGM will split your bonus wagers up into 5 separate equal bets. This increases your odds of winning at least a few of your bets. Could you imagine suffering a bad beat on your first bet of $1,000 and then getting an even worse beat on your single $1,000 bonus bet?
About BetMGM Offers
BetMGM sportsbook used to have an epic offer where you could bet $10 on any NBA, NHL, or NFL game, and irrespective of who won, you instantly received $200 in bonus bets. Currently, this offer has expired, and BetMGM has not mentioned if they are bringing it back.
Luckily BetMGM’s competitors, FanDuel and DraftKings, have picked up the slack and offer a very similar Bet $5 Get $150 promo. You can bet on any market, and even if your team loses, you will get $150 in bonus bets. This offer has a 1x wagering requirement, and you get to keep whatever you win.
Even though BetMGM has retired the Bet $10 Get $200 offer, they aren’t leaving new users out in the cold. They have recently come up with a massive $1,000 first bet offer.
If your first wager loses (if your first bet wins, you get paid out as usual) on any betting market, BetMGM sportsbook will refund 100% of your stake up to $1,000. You will get 5 bonus bets that you can use for any sport and instantly withdraw your profit. To claim this juicy first bet offer, sign up at BetMGM and use the promo code GAMBLEUSA!
- Superb range of sports
- Enticing rewards program
- Extensive catalogs of betting markets
- Accepts deposits as low as $5
- Hefty welcome and referral bonuses
- Available in 22 US States
- Massive Choice of Sports
- Daily Odds Boosts
- Convenient Banking