Use the BetMGM bonus code NEWSWEEK1500 to qualify for a $1,500 First Bet Offer on Ravens-Chiefs or any NFL Week 1 matchup. Published Sep 03, 2024 at 5:00 PM EDTUpdated Sep 03, 2024 at 9:52 PM EDT

First bet offers tend to be fairly straightforward and quite common. That said, here’s a quick refresher on the concept.

New players will make a first bet. If it loses, the sportsbook will issue back bonus bets equal to the risked stake. In this case, BetMGM covers up to $1,500 with bonus bets.

So, if a user wants to back the Chiefs -3 against the Ravens this week but loses, that player would then receive bonus bets back into their account that can be played on other upcoming games across multiple leagues and sports.

With 15 more NFL games to follow, and a premier college football showdown between Texas and Michigan paired with a full weekend of Major League Baseball, there will be ample opportunities to use either bonus bets or cash profits.

The BetMGM bonus code NEWSWEEK1500 brings maximum value, as bet365 and Caesars – two other popular options – only offer $1,000 with their first bet offers.

Additional NFL Bonuses with BetMGM

As the NFL makes its return this week, BetMGM’s sign-up bonus will join a slew of additional in-app promotions to create further value for players. One of the most notable features includes a second chance on first touchdown bets.

With BetMGM’s “Pro Football Second Chance” offer, the sportsbook will give players a second chance on first touchdown bets throughout the season. Place any first TD scorer wager, and if the selected player doesn’t find the end zone first but scores second, BetMGM will issue the entire stake back – in cash. This offer does not require opt-in.

Read More NFL Betting Coverage- Early NFL Week 1 picks: Best ATS, moneyline bets in KC-BAL, GB-PHI, NE-CIN

• NFL Week 1 ATS Picks for All 16 Matchups
• New Orleans Saints 2024 futures odds: Can Saints snap playoff drought?
• Atlanta Falcons 2024 futures odds: Falcons heavy favorites in NFC South

So, let’s say that ahead of Thursday night’s opener between the Ravens and Chiefs, a player places a wager on Derrick Henry to score the game’s first touchdown (he currently has the best odds at +600). If Travis Kelce were to score the first touchdown but Henry followed with the second touchdown, the initial stake would be returned.

What’s particularly notable about this offer is that the stake will be returned in cash, not bonus bets. Typically speaking, no-sweat promotions result in bonus bets that must be played through before successfully converting to cash. Here, however, the stake immediately becomes cash, meaning it can be pulled from accounts.

How To Get Started on BetMGM

First, prospective BetMGM players must be located in one of the following markets: New Jersey, Pennsylvania, Massachusetts, Maryland, Virginia, West Virginia, Tennessee, Louisiana, North Carolina, Kentucky, Kansas, Colorado, Arizona, Wyoming, Indiana, Iowa, Illinois, Michigan and Ohio.

If you are at least 21 years of age and located in one of those states, you may sign up through the above banner to land on the offer page. Click through to provide registration information such as your name, address and email address.

Make a first deposit using the likes of PayPal, online checking, debit card or other options. BetMGM’s minimum deposit amount is just $10. However, when you remember that up to $1,500 is on the house for your first wager, bettors should consider a more substantial investment.

Finally, type in the BetMGM bonus code NEWSWEEK1500 to get the $1,500 bet offer. You’ll receive your full stake back in bonus bets if you lose, but your standard cash profit after a victory.

21+ and present in participating states. Gambling problem? Call 1-800-Gambler.

Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator’s terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.

Tim van Straten FOLLOW Tim van Straten is a Sports Betting Writer who joined Newsweek in 2024. Tim has analyzed essential sportsbook offers and published in-depth betting previews for several renowned publications. A fan at heart, Tim’s passion is unearthing hidden trends and statistics that provide readers with a competitive edge before the first pitch or opening kickoff.

Tim van Straten is a Sports Betting Writer who joined Newsweek in 2024. Tim has analyzed essential sportsbook offers and … Read more

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