Does BetMGM Give Bonus Bets? How They Work
Does BetMGM Give Bonus Bets?
BetMGM Does Offer Bonus Bets
Yes, BetMGM gives bonus bets through selected sportsbook promotions. Bonus bets are credits that let you place a wager without using your own cash, but they come with rules such as expiration dates, eligible markets, and restrictions on withdrawals.
For example, a new customer may receive bonus bets after making a qualifying first wager. The offer can be a “First Bet Offer,” where BetMGM gives bonus bets if the first wager loses, or a “Bet & Get” offer, where bonus bets are awarded after a qualifying bet wins.
How the Welcome Offer Works
BetMGM’s First Bet Offer can give eligible new customers up to $1,500 in bonus bets if their first real-money wager does not win. In some locations, BetMGM also offers a smaller version, such as a $10 qualifying bet that can return $150 in bonus bets if the wager wins.
To qualify, a player usually needs to be a new customer, make a first deposit of at least $10, and place an eligible real-money wager. The offer is only available in jurisdictions where BetMGM operates and is not available in every state or country.
What a Bonus Bet Is
A bonus bet is a promotional credit, not cash. You can use it to place one straight bet, one parlay, or one same-game parlay, depending on the promotion’s rules.
For example, if you receive a $50 bonus bet and use it on a team at +200 odds, a winning bet returns $100 in winnings. The original $50 bonus stake is not returned because it was not your own cash.
Bonus Bets Are Not Withdrawable
Bonus bets cannot be withdrawn, transferred, cashed out, or redeemed for cash. They are meant to be used for placing bets within the promotion’s rules.
If a bonus bet loses, the credit is gone. If it wins, the winnings are usually credited to your account, but the bonus stake itself is not included in the payout.
Bonus Bets Have Expiration Dates
Most BetMGM bonus bets expire seven days after they are credited to an account. Some special promotions may have a shorter window, such as 24 or 96 hours, so it is important to check the terms before claiming an offer.
For example, if you receive bonus bets on Monday, you generally need to use them before the following Monday. If you do not use them in time, the unused bonus bets are forfeited.
Other Ways To Get Bonus Bets
Besides the welcome offer, BetMGM may run promotions for existing customers. These can include odds boosts, bet insurance, referral rewards, contests, or limited-time bonus-bet offers.
BetMGM’s Refer a Friend promotion, for example, can give a $100 bonus to both the existing customer and the friend who joins, provided the required conditions are met. The exact reward and requirements can change, so the promotion page should always be checked first.
Important Rules To Check
Before using a BetMGM bonus bet, read the promotion’s terms and conditions. Common rules include a minimum deposit, minimum odds, eligible sports or bet types, expiration periods, and limits on how the bonus can be used.
Wagers made with bonus bets, boost tokens, or bet insurance tokens may not earn BetMGM Rewards Points. This means a bonus bet can still be useful, but it may not count toward loyalty rewards.
Final Answer
Yes, BetMGM gives bonus bets, especially through new-customer welcome offers and selected promotions. However, bonus bets are promotional credits rather than withdrawable cash, and they usually expire within seven days.
The best way to use them is to read the offer terms, place an eligible wager before the deadline, and remember that only the winnings—not the bonus stake—are available to withdraw after a winning bonus bet.
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