The 2024 NFL season is days away, and new bettors can start the season with a generous welcome bonus from BetMGM. Right now, players who sign up with the king of sportsbooks using our BetMGM bonus code WAW100 can claim a first-bet insurance offer worth up to $1,500 in bonus bets.
While several sportsbook bonuses on the market allow players to claim bonus bet insurance on their first bet, the ceiling of the offer available at BetMGM is unmatched. Below, we’ll cover how players can sign up and claim this offer from BetMGM – and what terms and conditions they’ll need to understand when doing so.
BetMGM bonus code – terms and conditions
Every new player who signs up at BetMGM is eligible for the welcome bonus, but each player may only redeem the offer once. There’s no opt-in required for the offer – it’s automatically applied to each player’s first bet. Taking those two things into consideration, it’s crucial that new players understand the rules of the promotion when participating.
For a player’s first bet to qualify for the promotion, three things must be true: it must be placed within 7 days of the player signing up, it has to be placed with a player’s deposited funds (as opposed to bonus bets from other promotions), and it has to be pass the minimum odds limit of -10,000. These aren’t difficult conditions to meet, but it’s important for bettors to at least be aware of them.
Bonus bets are paid out to players who lose their first bet – hence the ‘first-bet insurance’ title. Players who stake at least $50 on their first bet will receive their bonus bets in five installments, each worth 20 percent of the stake. A player who maxes out the offer with a $1,500 first bet, for example, will receive five $300 bonus bets to play with as a consolation for their first bet losing. Players who lose first bets that fall under the $50 threshold will receive a single bonus bet to cover the value of their stake.
Bonus bets awarded from this offer can’t be withdrawn or transferred, and aren’t included in the payout from any bets made with them. Bets made with these bonus bets can’t be cashed out. If left unused, bonus bets awarded via this promotion will expire 7 days, or 168 hours, from issuance.
How to redeem the BetMGM bonus code
- Download and open the BetMGM mobile app or navigate to the browser page.
- Follow the prompt on the screen to sign up.
- Finish registration, verifying your identity and location as necessary.
- Enter the bonus code WAW100 when prompted.
- Make your first deposit (minimum $10) and place your qualifying bet.
- If your first bet loses, you’ll receive equal value to your wager in bonus bets.
BetMGM welcome bonus disclaimer
Always bet responsibly. If you or someone you know has a gambling problem, call 1-800-gambler for crisis counseling and referral services. Select your state of residence to view additional state-specific terms and resources.
