Many top sporting events are underway on Sunday and new bettors can use a BetMGM bonus code for a welcome promo on their first bet. You’ll need to be a first-time user with a new account, make at least a $10 deposit using the appropriate bonus code and place a cash bet to qualify.

Most BetMGM sports betting states are eligible for the choice between the welcome offers. Unfortunately, New York is excluded from both promos.

The deposit match is one of the few offers you’ll find among sports betting sites that doesn’t require a first bet. Once the account is set up, you’ll need a deposit of any size as long as it is $10 or more.

Let’s say I made a $100 deposit which earns $20 in sports bonus.

BetMGM has a cash betting requirement of 10x the bonus to access any cash winnings in your account. In the example above, I would need to cash bet a total $200 within 30 days to utilize the cash in my account.

You can also use the $20 in sports bonus on wagers to earn potential cash. However, any profits along the way cannot be accessed until you meet the 10x betting requirement.

First bet insurance offers are very common among books but the BetMGM promo is the highest value insurance you can currently find. Your first cash bet can be any size and is covered up to a maximum $1,500.

For example, a missed $5 bet earns $5 in bonus bets, $1,500 earns $1,500 or you can place a larger bet such as $2,000 and cover it up to $1,500.

It’s important to note that if you earn bonus bets they deposit on a certain schedule depending on the size of your wager.

The bonus bets are funds to use within the BetMGM mobile app for seven days. You can select the bonus bets on your betslip as the preferred funds for a wager and can profit cash if the bet hits.

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