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BetMGM $1,000 Paid Back as Bonus Bets

May 23, 2022

The 'king' is here, handing out $1,000 in bonus bets as a refund if your first wager on the app settles as a loss.

BetMGM $1000 Welcome Bonus

You may have heard of MGM (let's be real, you've definitely heard of the iconic brand if you've seen any movie set in Vegas), but if not, they're enticing you through the door with a big new user promo - a $1,000 first bet offer.

There's no messing around here, this is just a straight-up second chance style bet that refunds you any lost wager once the bet settles.

You may as well bet big when you sign up to this betting app, you've literally got nothing to lose!
Betmgm 1000 paid back bonus bets

Get started on BetMGM with a $1,000 first bet offer!

How does the BetMGM Promo work?

Second chance (or no sweat) bets are great in part because of their simplicity. All you need to do is place a bet, and if it loses you get refunded with bonus bets up to $1,000. If your first wager wins, then you'll receive your payout as normal.

If you've got a longshot to bet you're thinking of, this might be the perfect time to sign up for a new betting app and wager knowing a loss will still end up with you being able to bet the same amount again.

How to Claim the BetMGM Welcome Offer

Betmgm App Branded
Head to the Betting App

Hit one of the green 'CLAIM' buttons on this page to activate your bonus and you'll be sent over to BetMGM.

Get Registered

The next thing to do is find your state, and get the registration process going. You will need some personal details like:

  • Name
  • DOB
  • Address
  • Social Security Numer
  • Phone Number

Don't worry, this is all totally normal for a betting app to ask for, and they make it very simple to work through the sign-up process.

Download the App

After registering, you can just head over to the App Store of Play store depending on if you use iPhone or Android, and just search 'BetMGM' to download.

Deposit and Wager

Once you're on the app, deposit some funds to bet with, and place your first wager on any sporting event!

Get That Bonus!

If your first bet loses you will receive bonus bets equal to the wager amount as soon as the bet settles, then you can start betting again.

If you bet wins then you don't actually see any bonus amount, but you will get all your winnings as normal!

BetMGM Promo T's & C's
  • Must be 21 years or older and in an eligible state
  • Only available to new customers
  • Not eligible if you cash out or edit your bet
  • Minimum deposit of $10 when signing up
  • First $1000 of qualifying bet (real money funds deposited into the account)is eligible for the promotion
  • Bonus Bets returned as 5 equal 20% denominations of the total amount of the qualifying bet if over $50 - single bonus bet if under this amount
  • Bonus Bets will generally be credited within 24 hours
  • Only winnings from bonus bets are withdrawable

Visit BetMGM for full Terms & Conditions

Tips for Using a Second Chance Bet

Second chance bets are a great way to start off betting with a new betting app with some extra money to play with, but if you just chuck out any old bet you may not be maximizing the value of the promo. Here are a few things to keep in mind:

  • You can take the long odds! - what we mean by this is you have a great opportunity to wager some money on a riskier bet than you may normally, knowing that you'll keep the same betting value if it loses, but if you win you can get a huge payout.
  • How much you wager is the value of the bonus - while it may seem self-explanatory, your losing bet gets refunded however much you put in, up to the max bonus value of $1,000. Of course, you should only wager what you feel comfortable with, but a bigger bet leads to a bigger payout if you win, and you'll just be able to wager the same amount as bonus bets if you do lose.

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