BetMGM Bonus Bets: How To Earn Bonus Bets for Online Sports Betting

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BetMGM @BETMGM Apr 10, 2024, 9:06 PM

The BetMGM online sportsbook has daily sports betting promotions for all sports bettors. Some of those promos involve Bonus Bets, including the sportsbook welcome bonus for new customers.

Bonus Bets expire in seven days. Additional terms apply.

What Is a Bonus Bet?

A Bonus Bet is a BetMGM credit to place a bet without using cash funds. 

For example, if your account has $20 in Bonus Bets, in lieu of your account balance, you can use the Bonus Bets to bet on the Philadelphia Eagles’ moneyline (-120) against the Dallas Cowboys.

If the Eagles win, you’ll receive $16.67.

If the Eagles lose, you don’t lose any money from our account balance. 

Each Bonus Bet can only be used once (and expire in seven days). It can be used on one straight bet or one parlay and can’t be split between various bet placements.

Bonus Bets can’t be redeemed for cash, nor can you Cash Out a bet placed with Bonus Bets. 

How To Earn Bonus Bets at BetMGM

There are many ways to earn Bonus Bets at BetMGM, including the welcome offer.

You can also earn Bonus Bets through other promotions like Same Game Parlay Insurance. Visit the Promotions section of your account to see all available opportunities to earn Bonus Bets, along with full terms and conditions for the promotion.

See below for state-specific promos:

BetMGM First Bet Offer $1,500