Sportsbooks
BetMGM
Work BetMGM's welcome offer from first deposit to cash: what it is worth, the clicks in BreadSync that size both bets, and what to know about the book first.
BetMGM's welcome offer depends on your state. It runs 2 versions right now, listed below with their states, and its app shows the one for yours. Offers change: check the live terms before you deposit.
Up to $1,500 in Bonus Bets if Your First Bet Loses
Risk-free bet · 17 states · terms last checked September 24, 2026
Arizona, Colorado, District of Columbia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Missouri, North Carolina, Ohio, Tennessee, Virginia and Wyoming
BreadSync estimates about $750 in cash once converted.
Bet $10, Get $150 in Bonus Bets if Your Bet Wins
Bonus bets · 4 states · terms last checked September 24, 2026
Michigan, New Jersey, Pennsylvania and West Virginia
BreadSync estimates about $75 in cash once converted.
How to work the $1,500 risk-free offer
The covered bet here can be up to $1,500, plus money for the other side at a second book. BreadSync's estimate above counts 50% of the offer; worked with a hedge, risk-free offers have typically kept about 30% of the amount bet.
- 1Toggle the $1,500 offer on at deposit if the app asks, then opt in with "Add Promo" on the bet slip. If it is missing, ask live chat before you bet.
- 2Bet up to $1,500 on a side near even money here, and the other side at your hedge book.
- 3If it loses, the refund arrives as bonus bets. Convert them. How
Do it in BreadSync
Odds Screen · Risk-Free Bet view
Pick the book and your stake; it finds the bet-and-hedge pair that leaves the most whether the first bet wins or loses.
- 1.Set "Select Risk-Free Book" to BetMGM and "Risk-Free Stake" to the bet you want covered, up to the offer's cap for one bet.
- 2.Type 60 into "FB Conversion %". It defaults to 70; 60 is the safer estimate for the refund.
- 3.Take a top row: the BetMGM bet first, then the other side at the stake shown.
- 4."Add to Tracker" logs both. If the BetMGM bet loses, convert the refund on the "Free Bet" tab.
How to work the $150 bonus bet offer
You need the small first bet here, plus cash at a second book for the other side of each bonus bet.
- 1Place the small first bet the offer asks for. If the bonus only comes when that bet wins, pick a heavy favorite.
- 2When the bonus bets land, use each on an underdog and bet the other team with cash at a second book. How
- 3Log both bets so you can see what you kept.
Do it in BreadSync
Odds Screen · Free Bet view
Pick the book holding your bonus bet and its size; it ranks every hedge by how much of the bonus you keep.
- 1.Under "Books", make sure BetMGM and the books you can bet the other side at are switched on.
- 2.Set "Select Free Bet Book" to BetMGM and "Free Bet Size" to your bonus bet's amount. If the terms cap bonus-bet odds, type the cap into "Max Odds".
- 3.Take the top row: the bonus bet at BetMGM first, then the other side at the stake shown.
- 4.Click the green bookmark ("Add to Tracker") to log both bets.
Where it fits
Where it runs the $1,500 first-bet offer, save it for last among your first books: it is the biggest offer and needs the most money in place, the bet here plus the other side at your hedge book (the book where you bet the other side, often FanDuel). Where it runs the $10 version, it needs only the $10.
You get one welcome offer per book. Sign up with your real details, and you must be in a state where BetMGM is licensed when you bet.
How its offers work
- The $1,500 version refunds your first bet as bonus bets if it loses. BetMGM calls it a first-bet or no-sweat offer; it is a risk-free bet, worked in the Risk-Free Bet view. You may need to toggle it on at deposit.
- You do not have to bet the full $1,500. Any amount up to the cap is covered, and a smaller bet needs a smaller hedge.
- The bonus has run on a window of about 7 days that starts when you opt in, not at your first bet.
- Where the offer is bet $10, get $150 in bonus bets if that bet wins, the $10 goes on its own, with nothing on the other side. Bet it on a heavy favorite in the Live section, within any minimum price the terms set, then convert the $150 like any bonus bet.
Odds cap on bonus bets. None on record. Check the offer terms, and if there is a cap, type it into "Max Odds" on the Free Bet view: the app does not set one for US books.
Practical details
- Opt in with the "Add Promo" button on the bet slip. If it is missing, ask live chat before you place the bet.
- If BetMGM accepts only part of your stake, hedge only what it took. $800 accepted of a planned $1,500 at +120 turns a $1,357 hedge at -130 into about $723.
- Your first sign-up locks in that state's offer. You cannot claim another state's version later.
- Every bet earns points in its casino rewards program. Enroll the day you open the account.
Cashing out. Licensed books usually pay out within 1 to 3 business days, and PayPal linked to your bank is often the fastest. Cash out and track it
Questions people ask
How much do I need in place for the $1,500 version? Plan on about $3,300: $1,500 here and about $1,800 at your hedge book, enough for a BetMGM side up to about +150. Near even money the hedge is smaller: $1,500 at +120 hedged at -130 needs about $1,357 and leaves about $443 either way, estimated, if the refund converts at about 60%. Longer odds need a much bigger hedge: about $2,970 for a +230 side hedged at -275.
BetMGM keeps sending small gifts. Should I leave money there? No need. Take the $25 credits and birthday bonuses when they come, but a balance does not earn them and withdrawing does not stop them.
Watch out: check which welcome offer is switched on before your first bet. Where the $1,500 version runs it may need toggling on at deposit, and a first bet placed without it leaves most of the value behind.
No Pro? Once you have both prices, the free calculators in Tools do the math: Risk Free Bet Calculator or Freebet Calculator, depending on which offer you have. They are free with an account.