How to Earn BetMGM’s $1,000 Risk-Free Bet Promotion

min read
Jamie Foxx BetMGM
BetMGM @BETMGM Apr 15, 2021, 2:57 AM

BetMGM welcomes new customers with a $1,000 Risk-Free Bet.

Whether you’re new to sports and placing your first bet online, a Dallas Cowboys fan seeking to leverage your NFL betting knowledge, a longtime bettor visiting BetMGM for the first time, or anyone in between, you will receive a welcome bonus in the form of a $1,000 Risk-Free Bet.

What is a Risk-Free Bet?

A highly popular online sports betting promotion, you can wager up to $1,000 on a single bet with no minimum odds.

If you place a bet and lose, you receive your money back in the form of free bets and a second chance at placing a winning bet.

Basically: The defense fell for the hard count and you have a free play. If you score a touchdown or gain a first down on the free shot downfield, you win. If you throw an interception, drop a pass, or otherwise fail to move the ball, there’s no harm; the down doesn’t count and you get another chance upon enforcement of the offsides penalty.

For example, you placed a $1,000 risk-free money line bet on the Arizona Cardinals (-145) against the Buffalo Bills in Week 10 of the 2021 NFL season. With 34 seconds remaining, Josh Allen and Stefon Diggs connected for a 21-yard touchdown that gave the Bills a four-point lead, 30-26.

While your payout ($1,689.66) was in jeopardy, your online bet wasn’t. If Kyler Murray didn’t lead the Cardinals to a 75-yard touchdown drive in 34 seconds, your $1,000 wager would be refunded. If he did lead a miracle touchdown drive, you profited $413.79 on your first bet.

Murray did lead a miracle touchdown drive, connecting with DeAndre Hopkins on a 42-yard Hail Mary with two seconds left and cashing your money line ticket.

How to Earn a $1,000 Risk-Free Bet

Earning the $1,000 Risk-Free Bet is simple with these four steps:

  1. Create a BetMGM account from your desktop or mobile device.
  2. Deposit at least $10.
  3. Browse NFL odds, live sports betting, or any other odds on BetMGM.
  4. Place a qualifying bet up to $1,000.

How to Earn More Free Bets

The $1,000 Risk-Free Bet isn’t the only sports promotion available to BetMGM customers.

If you opt in to the Money Monday Club, you will receive a $10 Free Bet each Monday after placing at least $50 in wagers the previous week. You may place the $50 of wagers on any sport and use the $10 Free Bet on any sport.

More Free Bets and other sports bet promotions are available throughout the year. Some Free Bets, parlay boosts, and other promos are free and automatically applied to your account, while others are earned through challenges and by completing other qualifying events.

You can view the latest sports betting promotions on the promotions page and updated MLB oddsNBA odds, and more on BetMGM.

Jamie Foxx holding a mobile phone next to the BetMGM's risk-free bet offer.
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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.