Latest Sports Betting Promotions & Offers from BetMGM (June 20)

Online Sports Betting Promotions
(Photo by Stacy Revere/Getty Images)

BetMGM has an array of sports betting promotions for anyone seeking to place a bet online.

Whether you’re a new customer seeking a risk-free bet for the NHL playoffs, a casual fan interested in One Game Parlays for the NBA, or a regular bettor taking advantage of insurance for golf betting, there are many promo opportunities available.

Here are some current promotions on BetMGM:

Risk-Free Bet

First-time customers, whether new to online sports betting or visiting BetMGM for the first time, can place one risk-free bet with the BetMGM $600 Risk-Free Bet.

You might, for example, browse NBA odds and place a $600 bet on the Los Angeles Lakers’ money line (+155) vs. the Denver Nuggets. If the Lakers win, your payout is $1,530. If the Lakers lose, a $600 credit is issued to your account. In this case, the Lakers won, so your account has $1,530 in free bets for other NBA games or any other event on

Travelers Championship Mulligan

You bet on golf this weekend with more confidence.

One week after the U.S. Open at Torrey Pines, the PGA Tour is returning to TPC River Highlands for the Travelers Championship. If your golfer doesn’t win but finishes in the top five, your stake is refunded (up to $25 in Free Bets). Check out golf odds today and place your bet before Thursday’s first round.

Golf Betting Odds

Risk-Free First Scorer

On each day of Euro 2020, you can place a wager on the first player to score in a match. If that player is the first goal-scorer, your bet cashes. If he’s not the first goal-scorer, your bet is refunded (up to $25 in Free Bets).

Ronaldo Insurance

Throughout Euro 2020, if you lose a money line wager on Portugal, your stake is refunded (up to $20 in Free Bets) if Cristiano Ronaldo scores in the loss.

The offer is available on any Portugal match during Euro 2020 betting.

Euro 2020 Betting

Euro 2020 Parlay Insurance

One Game Parlays are an incredible opportunity to increase the excitement and your potential betting payouts for Euro 2020. If all the legs hit, you win, obviously. If all but one leg hits, you don’t lose!

With BetMGM’s One Game Parlay Insurance, your stake is refunded (up to $25 in Free Bets) if only one leg of your One Game Parlay (of at least four legs) misses.

Euro 2020 Betting Parlay

Euro Parlay Boost

The Euro 2020 betting promotions keep coming.

With a Parlay Boost Token, your potential parlay payout increases. If you have a Boost Token in your account, just place a Euro 2020 parlay of at least three legs (max of $100) and watch your odds increase.

Free One Game Parlay

Never tried a One Game Parlay? Here’s a risk-free chance to play one of BetMGM’s most exciting and popular promotions during the NBA Playoffs.

By opting in to the promotion from your account, you can place a $10 One Game Parlay bet for free. Not one cent of your balance is required but you get to keep the winnings if the parlay hits.

NBA Playoffs Betting

$30,000 in NBA Shop Credit

Each week during the 2021 NBA Playoffs, BetMGM is giving away $2,000 in NBA Shop credit.

To receive a free entry, opt in to the promotion from the promotions tab in your account. And for every $10 bet you place on the NBA Playoffs, you’ll receive one entry into the giveaway for weekly credit and the Grand Prize credit, a $12,000 NBA Shop credit.

NBA Playoffs Risk-Free Token

As your NBA championship bet gets closer to cashing, you will receive more risk-free bet tokens.

During the 2021 NBA Playoffs, not including the Play-In Tournament, you will receive one risk-free token with each round the team you bet on advances. If your team advances to the NBA Finals, you’ll receive three risk-free tokens.

NHL Playoffs Overtime Insurance

The Vegas Golden Knights were -160 money line favorites against the Minnesota Wild in Game 1 of their Western Conference First Round series on Sunday. If you were holding a $20 money line ticket on the Golden Knights, your potential payout was $32.50.

When Wild center Joel Eriksson Ek scored the game-winner in overtime, your NHL betting ticket didn’t cash but, with BetMGM’s NHL Playoffs Overtime Insurance, your bet could’ve been refunded (up to $20 in free bets).

NBA Playoffs Overtime Insurance

Overtime insurance is also available for the NBA Playoffs.

If you’re holding a $20 money line ticket on the Milwaukee Bucks to win when Jimmy Butler hits a buzzer-beating three-pointer, your stake will be refunded in free bets.

Euro 2020 Stoppage Time Insurance

You are also protected with insurance throughout Euro 2020.

With BetMGM’s Stoppage Time Insurance, your money line wager in Euro 2020 betting is refunded (up to $20 in Free Bets) if your team loses in stoppage time. Browse soccer odds and bet with confidence knowing you’re covered in stoppage time!

Hit the Cycle Challenge

Through the end of the MLB regular season, BetMGM customers can earn up to four rewards per week with the Hit the Cycle Challenge. The cycle, which must be completed in order like a natural cycle in baseball, begins with a Base Hit and concludes with a Grand Slam:

  • Base Hit: Receive a Parlay Boost token when you place a $10 money line wager.
  • Stand-Up Double: Receive a risk-free token when you place a parlay bet of at least $10.
  • Triple: Receive a $5 Free Bet when you place a parlay bet of at least $10.
  • Grand Slam: Receive a $10 Free Bet when you place an MLB futures bet
BetMGM Hit the Cycle Challenge

NHL Risk-Free Token

If you place a futures bet on any team to win the Stanley Cup, you will receive one risk-free token for each round your team advances in the Stanley Cup Playoffs.

The risk-free token is a risk-free bet (for a maximum return of $25) for any sport. If, for example, you place a futures bet on the Vegas Golden Knights to win the Stanley Cup, you will receive a risk-free token if for each best-of-seven series they win.

MLB Walk-Off Insurance

You placed a $25 money line bet online for the Philadelphia Phillies (+145) to beat the Atlanta Braves on Saturday, May 8. And when the Phillies scored three go-ahead runs in the top of the 12th inning to take a 7-4 lead, you were eyeing a payout of $61.25.

Instead, the Braves scored four runs in the bottom of the 12th inning, the last run coming on a walk-off RBI single by Ehire Adrianza. Your money line ticket didn’t cash but, with the MLB Walk-Off Insurance, your bet was refunded.

On Saturdays throughout the season, your money line bet is refunded (up to $25 in free bets) if your team loses on a walk-off hit. Opt in to the promotion, browse MLB odds, place your bet, and enjoy the game knowing you can’t lose your stake regardless of the outcome.

Money Monday Free Bet

All members of the Money Monday Club — free opt-in available in your account — receive $10 in free bets every Monday if they placed at least $50 in qualifying wagers the previous week.

Whether you won, lost, or broke even the previous week, you start every week with a $10 free-bet bonus.

Parlay Boost

If you love the thrill and returns of parlays, parlay boosts are your ticket. 

Parlays boosts are an extended version of BetMGM’s popular odds boosts. If an odds boost is offered on a particular game, you are entitled to increase the odds of an online bet. It doesn’t require additional risk or other alterations to your intended bet; it’s an opportunity to increase the reward without increasing the risk.

With an MLB Parlay Boost, your payout may increase by 10 percent. If, for example, your $10 three-team parlay bet has odds of +500, your payout would be $60. But with a 10-percent parlay boost, the same bet has a payout of $66.

Parlay Plus

Parlay Plus is a specialty version of a parlay boost.

You can receive up to a 40-percent profit boost when building a parlay of between four and seven legs. Instead of receiving a payout of $50.63 on a $10 bet with four legs at -200 odds apiece, you could receive a payout of $66.88 for the same bet.

Your wager amount doesn’t change, nor do your parlay legs or odds. Your winnings, however, do; with Parlay Plus, you earn more money for placing the same four-, five-, six-, or seven-leg parlay.

One Game Parlay

One Game Parlays are low-risk, high-reward betting opportunities for fans seeking maximum entertainment and a bigger return on their investment. 

Instead of a multi-game parlay in which fans combine money line, spread, and other types of bets into one parlay to increase their payout, a One Game Parlay stays within one single game. And instead of waiting hours or days to cash a multi-game parlay, a One Game Parlay cashes during the three-hour window of an NFL game or two-hour and 15-minute window of an NBA game.

Cross Sport Parlay

Another unique parlay option, Cross Sport Parlays give better odds and increased payouts while saving you time in building a multi-game parlay. Just like a One Game Parlay, the Cross Sport Parlay is a ready-made parlay that doesn’t require a customer to custom-build a parlay.

Instead of, for example, building a three-sport money line parlay with the Los Angeles Clippers, Seattle Mariners, and Vancouver Canucks, with odds of +468, a Cross Sport Parlay boosts the parlay to +500. That’s a bigger payout for the same parlay bet.

NBA One Game Parlay Insurance

In the final minutes of an NBA game, your One Game Parlay wager has hit three of its four legs. If the final leg hits (e.g., the Atlanta Hawks win or Damian Lillard scores his 30th point), your plus-odds wager cashes. If the final leg misses, your wager doesn’t cash … but you don’t lose money.

With the NBA One Game Parlay Insurance, your bet is refunded (up to $25 in free bets) if you miss only one leg of a One Game Parlay with at least four legs. 

MLS One Game Parlay Insurance

Just like the NBA One Game Parlay Insurance, your MLS One Game Parlay stake is refunded (up to $25 in free bets) if you miss only one leg of a One Game Parlay with at least four legs. 

Lion’s Boost

Lion’s Boost is a popular odds boost for customers. 

Lion's Boost Promotion BetMGM

Like a parlay odds boost, a customer receives better odds and a bigger payout with the Lion’s Boost. For example, a prop bet for “Pete Alonso hits a home run” vs. the Phillies might carry +325 odds. The Lion’s Boost might boost the odds to +425.

If Alonso homers, instead of an $85 payout on a $20 bet (at +325), the payout is $105 on a $20 bet (at +425).

What is a Promotion?

Promotions, aka “offers,” are the staple of an elite and unmatched online sports betting experience at BetMGM. And with several promos each day, customers can earn free bets, parlay boosts, and more in a variety of ways.

How to Earn Promotions

Promotions are available immediately upon joining BetMGM and throughout your stay.

With the first deposit, you are eligible for a welcome bonus, a risk-free bet up to $600. If your first bet cashes, you win! If your first bet doesn’t cash, you don’t lose! Whether your first wager is $6, $60, or $600, any losses will be refunded in free bets. You don’t need a promo code or special access to receive the $600 risk-free bet promotion. 

You can eliminate or mitigate risk with other promotions, too, including insurance if you miss one leg of a One Game Parlay or free bets for another sport if you place an eligible bet.

What Sports Are Available for Promotions?

There are many sport-specific promotions, including One Game Parlay insurance for the NBA or MLB, and event-specific promotions, including Bet $1 to Win $100 on a golf tournament or the NFL Draft. 

There are also sport bet promotions available for all sports, including some risk-free bets, free-bet bonuses, and Lion’s Boosts. You can view all sport-specific and non-sport-specific promotions at