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BetMGM, one of the most popular sports betting sites in the country, currently has two available offers for players in 20 states (AZ, CO, DC, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY) with corresponding bonus codes.
You can sign up with the BetMGM bonus code TRIB1600 to claim a 20 percent deposit match — capped at $1,600 — or use the BetMGM bonus code to claim a $1.5K bet insurance promo.
Given the structure of the promo, you’ll get a fraction of your deposit as sports bonuses. From there, you’ll need to meet the 10x wager requirement. So, if you deposit $320 in cash, you’d get $64 in sports bonuses. Within the next 30 days, you’d need to wager $640 in cash to maintain your eligibility.
To max out with this offer, you’d need to put down $8,000 in cash.
You can activate the deposit match promo using this link or the relevant module below.
20% deposit match, up to $1,600
The bet insurance offer will be familliar to most sports bettors. You’ll either win your wager and collect the profit or lose on the bet and collect the bonus bets, not exceeding $1.5K.
Activate the bet insurance promotion with this link or the module below.
$1.5K bet insurance
Eligibility
- New customers only
- 21+ only
- Must be present in legal BetMGM state, residency not required
- $10 cash deposit required regardless of promotion
- Credits or bonus bets valid for seven days from distribution
How to activate the BetMGM bonus code promos
- Use the links or modules above to access the BetMGM landing page
- Input the relevant bonus code (TRIB1600 for the deposit match or TRIBUNENEWS for the bet insurance) when prompted
- Use relevant personal details to set up your account (home address, birth date etc.)
- Make a $10 cash deposit to activate your account, min. required for either promotion
- Place your first cash wager to either trigger the bet insurance offer or meet the wager requirement for the deposit match promo
Wagering with the BetMGM bonus codes
Given the varied structures of both of these offers, there are different markets best suited to each promo.
With the deposit match, you’ll need to meet a 10x wager requirement over your first 30 days. Thus, it makes sense to keep the deposit relatively low and take a hefty chunk out of the wager requirement.
The bet insurance, on the other hand, only dolls out bonus bets if your wager doesn’t win. Therefore, you can maximize your potential with a cash wager on an underdog market. If it hits, you’ll collect a nice profit and if you lose, you’ll recoup the value of your cash stake as bonus bets.
20% deposit match, $1.6K cap
Say you deposit $120 in cash, you’ll get $24 in sports bonuses (essentially bonus bets). From that point, you’ll have 30 days to wager $240 in cash to maintain your eligibility.
So, say the Cubs moneyline is +122, you can wager the $240 in full on the Cubs and potentially collect $292.80 in profit with a win. If that wager loses, you’ve already covered the wager requirement.
$1.5K bet insurance
As noted above, your best value with this offer is a cash wager on an underdog market. If it hits, you’ll collect a decent profit and if you lose, you’ll recoup the value of your cash stake as bonus bets.
For example, say the Cubs moneyline is +105, if you put down $75 in cash on the Cubs, you’ll either:
- Win the bet and collect $78.75 plus you’ll keep the original cash stake
OR - Lose the bet, forfeit the cash stake but get $75 in bonus bets credited to your account
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, DC, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.
