Online sportsbooks are always looking for ways to improve the user experience for its customers.
Whatever the method, sites want to continue drawing in bettors with great deals, and BetMGM is no different. It could mean looking to adding more betting options, running new promotions, or freshening up the welcome bonus for new signups.
It's that last one that brings us here today. Due to the newest change at BetMGM, bettors at one of the best online sportsbooks in New Jersey, Colorado, and, Indiana are now able to receive a different, even more generous offer, for the very first time!
Bet MGM Risk Free Bet Ended - Get New $500 Match Bonus
From the time BetMGM Online Sportsbook launched in New Jersey during September 2019, new signups have enjoyed a pretty decent welcome bonus. Now that the offer has been updated, we're going to detail both bonuses to help you differentiate the two and let you know why you need to Sign Up For A Deposit Match Up To $500 From BetMGM!
Bet MGM 500 Risk Free
After creating a new account, new players at BetMGM got used to receiving a welcome bonus which featured a risk-free bet up to $500 to be used anywhere on the site.
A risk-free bet is a wager in which the site refunds your account if you lose and normally, the offer stands for the very first wager you place with the sportsbook. This means that if your first bet loses, BetMGM will refund the bet in site credit to be used at another point in time.
The MGM 500 free bet gives players the chance to take a big shot with their very first bet, knowing the sportsbook has their back if they lose. It has been one of the most popular bonuses in several states for that reason, but BetMGM still felt the need to step things up.
Now, using a BetMGM NJ bonus code from a site such as BonusSeeker can help get players an even better welcome offer to start with.
BetMGM First Deposit Bonus
Replacing the MGM risk free bet is the BetMGM deposit match bonus up to $500, which many bettors actually prefer given the choice.
A deposit match bonus is when a site matches your initial investment in the sportsbook. Rather than minimizing risk on your very first wager by possibly getting a refund, this bonus hands out site credit with site credit (also referred to as FREEPLAY® at BetMGM) automatically based on the initial deposit.
There are plenty of online betting sites in CO, NJ, and IN (among other states) which offer match bonuses, but the BetMGM first deposit bonus is one of the best deals around because it comes with a 100% match.
This means that if you deposit $100, you receive $100 in site credit. If you invest $200, you relieve $200. The offer stands up to $500, which means you have the option of racking up $1,000 total to wager with before you even place a single bet!
So what are you waiting for? Sign up today Claim A BetMGM First Deposit Bonus Up To $500!
How To Use BetMGM First Deposit Bonus
Deposit match bonus from BetMGM definitely helps put bettors ahead of the game before spending any of their own money. But at some point, the time comes to place some bets.
It's important to remember that when it comes to site credit, you don't get it returned to your account following a victory as normal funds would.
For example, let's say you wagered $20 and win another $20. Ordinarily, you'd get 40 placed back in your account after a win to account for your original investment and your winnings. If you wagered $20 in site credit, you'd only be returned the winnings and not the original wager.
In this situation, all you did was convert $20 in site credit to $20 in traditional funds, which isn't a bad thing but also isn't the way to get the most out of your bonus.
Knowing there's a need to get the most bang for your buck possible, let's check out the best ways to use a BetMGM deposit match bonus.
Golf Outright Winners & Finishing Positions
For our money, the best way to spend site credit from a BetMGM deposit match bonus is to look for high-paying odds, and gambling on PGA Tour golf is one of the most effective ways to get some juicy odds.
Compared to other brands, BetMGM has a huge range of markets for all sports but especially golf. Wagers on outright winners are the most lucrative because every player has high-paying odds, but bets on finishing positions can also be profitable and easier to win.
Each PGA Tour event takes four days to finish, so there's no issue with bonuses expiring before you have a chance to win your bet so long as the event closes within the seven-day window.
For more information on PGA Tour betting, check out our Golf Betting Strategy page!
NFL Parlay Picks & Predictions
The popularity of NFL betting across the United States hardly needs an introduction, and pro football is definitely one of the recommended ways to use your new BetMGM first deposit bonus.
When your original wager isn't returned to you, you're looking for ways to get the most bang for your buck. In those situations, NFL parlays could be the perfect thing to focus on. In general, parlays are a great way to get the most out of your site credit because a small investment could garner a huge payout.
There is a huge slate of games every Sunday, each one having literally dozens of markets and hundreds of betting options, most of which are compatible with parlays. With so much to choose from, formulating a parlay with a decent return on your investment shouldn't be all that difficult.
Looking for more advice? Check out our How To Bet On NFL page!
Live Betting NBA Games
Another way to potentially land yourself a huge payout with your BetMGM first deposit bonus is live betting on NBA games.
In-play wagering is one of the many categories in which site credit can be used, and that crosses a variety of sports. But the thing about pro basketball is that there could be more value on these lines than others during the game.
Basketball is famously a game of runs, meaning that both teams oftentimes take turns between being in control of the game. It's very possible that one team can go up by a large number of points in the early portion of the game just for that lead to disappear later on.
This means that while one team is down, their live odds will be extremely profitable. In the event you take a chance on one side while they are behind and that same team makes a comeback later on in the game, you could be staring at some massive winnings.
For more information, visit our NBA Betting Guide!
BetMGM Deposit Match Terms And Conditions
It should be noted that there are some terms and conditions that come along with the new BetMGM first deposit bonus, including wagering requirements and expiration dates for site credit usage.
When Does BetMGM Deposit Bonus Expire?
Firstly, it's imperative that bettors are aware of the fact that the BetMGM deposit match bonus offer expires within five days of account creation, meaning the initial investment must be made within five days in order to receive site credit. Once FREEPLAY is credited to your account, bettors then have seven days to use it before it expires.
BetMGM Deposit Bonus Wagering Requirements
All online betting site deposit match bonuses come with some kind of wagering requirement attached, which lets you know exactly how much money in bets needs to be placed before you can withdraw your funds.
At BetMGM, the bonus comes with a 20x wagering requirement, which means the bonus needs to be spent 20 times over before those funds become eligible to be taken out. Check out the full terms and conditions, or contact site support with any more questions.