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BetMGM, one of America’s most popular sports betting sites, currently offers two unique promotions in 18 states (AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY).
Sign up for an account with the BetMGM bonus code TRIB1600 to claim a 20 percent deposit match with a $1.6K cap. If that’s not to your liking, you can use the BetMGM bonus code TRIBUNENEWS to claim a $1,500 first bet insurance offer.
With the deposit match, you’ll get 20 percent of whatever cash you put down first. From there, you’ll need to meet a 10x wager requirement over the following 30 days. So, if you put down $230 in cash, you’ll get $46 in sports bonuses. After that, you’ll have 30 days to wager $460 otherwise you’ll forfeit your eligibility.
Sports bonuses function the same as bonus bets or other credits. They can be wagered on any market but must be wagered to be cashed out or withdrawn.
The first bet insurance offer is a standard structure that will be familliar to most players. You’ll get the value of your first cash wager back as bonus bets if you lose. If you put down $230 on a moneyline bet and lose, you’ll get $230 in bonus bets.
While both offers are available in all 18 states, you can only claim one and thus must choose using one of the bonus codes and hyperlinks above or the modules below.
20 Percent Deposit Match w/ $1.6K cap
$1.5K First Bet Insurance
Terms and Conditions
- New customers only
- Must be 21+
- Residency not required, must be present in legal BetMGM state
- $10 cash deposit required for either promotion
- Sports bonuses or bonus bets credited to your account within 72 hours and valid for seven days from the point of distribution
- 10x playthrough requirement for deposit match
Signing up with BetMGM
- Use either of the modules above or the hyperlinks and bonus codes to access BetMGM
- When prompted, input TRIB1600 or TRIBUNENEWS based on which promotion you’re claiming
- Finalize your account with relevant personal details (home address, birthdate etc.)
- Make a $10 cash deposit to register your account
- Place your first wager (must be in cash for bet insurance offer)
Wagering with BetMGM
Both the deposit match and the bet insurance offer have ideal uses. With the bet insurance offer, you can maximize your potential profit with a wager on an underdog market. If the bet hits, you’ll collect a decent profit. If you lose, you’ll recover the value of your cash stake as bonus bets within 72 hours of bet settlement.
Say for example, you put down a $240 cash stake on Kristaps Porziņģis as the First FG Scorer at +900:
- If your bet hit, you’d get $2,160 in profit, plus you’d keep the original $240 cash stake.
- If the bet lost, you’d forfeit the original cash stake but would get $240 in bonus bets within 72 hours of the bet settling.
On the other hand, since the deposit match has a play-through requirement, you can either knock out the whole requirement at once or chip away slowly over the 30 days.
So, if you deposited $310 in cash, you’d get $62 in sports bonuses credited to your account. From that point, you’d have 30 days to wager $620 otherwise you’d forfeit the sports bonuses. You could put down a small cash stake of $100 on the Oilers moneyline at +115 and collect $115 in profit with a win. After that, you’d have $520 to go for the play-through requirement.
21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, 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.
