BetMGM NBA Bet Insurance: Get Your Stake Back In Bonus Bets

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NBA Bet Insurance BetMGM
BetMGM @BETMGM Nov 13, 2023, 10:11 AM

When betting on NBA odds at the online sportsbook, you can win even if your bet loses.

With BetMGM’s NBA Bet Insurance, if your bet doesn’t win, you’ll receive Bonus Bets equal to your stake to use on other odds. Maximum stake varies; check your account for full details.

Here’s an example:

  • Philadelphia 76ers -4.5 (-110) vs. New York Knicks

The potential payout with a $25 stake is $47.73.

If the Sixers beat the Knicks by at least five points, you’d profit $22.73. If the Sixers don’t win by at least five points, you’d receive $25 back in Bonus Bets. The Bonus Bets can be used on other odds, including NBA spreads, moneylines, prop bets, and more.

To find and use the Bet Insurance, follow these steps:

  1. Log in to your BetMGM account. If you don’t have an account, sign up with BetMGM’s welcome offer.
  2. Visit the Promotions section of your account to see if Bet Insurance is available.
  3. Browse NBA odds.
  4. Add an eligible bet (minimum of -300 odds) to your Bet Slip.
  5. Insert a stake. Maximum stake varies; check your account for full details.
  6. Place your bet!

Visit the sportsbook for full terms and conditions.

Some sportsbook promotions may have expired or may not be available to all customers. Check your account for all available promos.

See below for state-specific promos:

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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.