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BetMGM Promo: Up to $1,500 in bonus bets if your first bet loses

Get started with BetMGM Sportsbook by claiming their welcome promotion.

BetMGM promo 1500 in bonus bets

October in the NFL season has come to mean an entire day of football. With games taking place in Europe, the action gets started at 9:30 a.m. Eastern time. Then, there are plenty of 1 and 4 p.m. games to choose from, and the traditional Sunday night and Monday night contests to wrap up the NFL weekend.

Up To $1,500 In Bonus Bets
If Your First Bet Loses
21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Anyone wishing to place a bet on the games can claim a welcome bonus at BetMGM Sportsbook. First-time users of the sportsbook can use our exclusive promo code and start playing with a no-sweat bet worth up to $1,500 in bonus bets if the initial bet is a loss.

Explaining the BetMGM welcome bonus

While signing up for a new BetMGM account, be sure to enter the promo code CBSSPORTS to activate the BetMGM welcome offer. The other thing that must be done to qualify for the promo is to deposit at least $10.

Once these conditions have been satisfied, a first-time user can claim the bonus. First, make a wager on any game or player prop. If the bet wins, nothing happens and the journey continues. But if the bet is a loss, BetMGM will credit the account in bonus bets in an amount equal to the stake of the first bet, up to $1,500. 

The bonus bet is available to use one time and expires seven days after it’s received. If the wager that the bonus bet is used for is a winner, then only the winnings carry over into the user’s account; the bonus bet has no cash value. 

How to Claim the BetMGM Promo

Here is how a new user can claim BetMGM’s first-bet offer token promo:

  1. Sign up with details that include name, address, email, and phone number.
  2. Deposit at least $10 by any allowable method.
  3. Place a bet on any game or prop bet within seven days of signing up.
  4. If the bet is graded as a loss, a bonus bet will be credited to the account equal to the amount of the original bet, up to $1,500.

What can you bet on?

There are three key matchups where teams with winning records square off in week 7 of the NFL season. 

At 1 p.m. ET, C.J. Stroud and the Houston Texans (5-1) head to Lambeau Field to take on the 4-2 Green Bay Packers. Jordan Love threw four touchdowns in a win over Arizona last week, but the Packers have yet to beat a team that currently has a winning record this season. A victory over the AFC South-leading Texans would change that.

Up To $1,500 In Bonus Bets
If Your First Bet Loses
21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Also at 1 p.m. ET, a game that will go a long way in determining the NFC North champion takes place at U.S. Bank Stadium in Minneapolis. The 5-0 Minnesota Vikings, coming off a bye, host the 4-1 Detroit Lions, who pasted the Dallas Cowboys 46-9 last week. But the Lions were dealt a big loss in that game as defensive lineman Aidan Hutchinson suffered a broken leg that will likely keep him out for the rest of the season.

And on Monday night in Florida, two 4-2 teams meet as the Baltimore Ravens visit the Tampa Bay Buccaneers. The Ravens lead the league in yards gained, while the Bucs are second in points scored and coming off a 51-point outburst at New Orleans last week. One interesting stat is that Ravens quarterback Lamar Jackson is 22-1 in his career against teams from the NFC.

BetMGM Sportsbook at a Glance

BetMGM is one of the most popular online sportsbooks you can use. It offers the largest promotion in the industry in terms of bonus bet amount, and has an incredible rewards program where existing users and build up points toward dining experiences and hotel stays. here’s a quick breakdown of the BetMGM sporstbook.

Daily promotions available

BetMGM offers sport- and game-specific promos regularly for all users. These include:

  • Odds Boost Tokens – Users can currently opt-in for odds boost tokens on NHL games and MLB playoff games. These allow you to increase your payout by a certain percentage on a bet of your choosing.
  • Lions Boost – These are specific wagers that BetMGM will offer that add to the payout vs. actual odds. For example, a bet was offered in a New York Mets vs. Los Angeles Dodgers MLB playoff game that paid +180 if Shohei Ohtani or Mark Vientos hit a home run, whereas the true odds of that bet would be +145.
  • No-sweat bets – A no-sweat bet works similarly to the welcome bonus where a user gets their stake back in the form of a bonus bet if their wager loses. BetMGM offers a no-sweat bet token on selected NFL games throughout the season. 

User experience

BetMGM’s desktop site and mobile app are both clean and user-friendly. The website lists popular sports leagues across the top, along with quick links to promotions and a list of current wagers. On the left side, popular sports are listed followed by an A-Z listing. You can add to your bet slip confidently on both PC and smartphone and make sure your choices are what you want before confirming. 

Selection of sports and betting markets

The A-Z listing of sports is vast, as besides popular sports like football and basketball, anyone can choose to wager on cricket, cycling, darts, lacrosse, soccer, and Formula 1 racing, just to name a few. Along with traditional wagers like straight bets, point-spread bets, and over-under totals, there are a number of game and player props available for almost every contest, and live in-game betting is also offered. 

Up To $1,500 In Bonus Bets
If Your First Bet Loses
21+ only. First Bet Offer for new customers only. Min. first deposit of $10. Subject to eligibility requirements. Rewards are non-withdrawable bonus bets that expire in 7 days. Bonus bets amount equals lost stake up to $1500. Must be physically located in NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH, or KY. Void where prohibited. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in Mississippi, New York, Nevada, Ontario, or Puerto Rico. Please Gamble Responsibly. Call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Data & text rates may apply. Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

Available banking methods

BetMGM accepts several payment options, including credit and debit cards, PayNearMe, Play+, online banking, and mobile wallet sites like PayPal and Venmo. Withdrawing is a bit more limited, as acceptable methods are debit card, PayPal, Play+, and online banking. You can also opt to receive a paper check in the mail. 

Customer service

BetMGM’s customer service options mirror that of most sportsbook sites. A phone support option is not available, but you can conduct a live chat with a representative, and more complicated issues can be handled via email, but responses are not immediate. In addition, there’s an online FAQ page that may be able to resolve a problem without getting someone involved.