BetMGM Promo Code: FORBES (Up To $1,500 Bonus Bet) – December 2024

BetMGM Promo Codes for New Users 

The best offer from BetMGM for users who have never signed up and deposited on the platform includes up to $1,500 in bonus bets if their first wager loses.

To claim the offer, new users must create an account with BetMGM using the code FORBES, deposit at least $10 and place their first real-money wager on any sport on the platform.

Sign up through a BetMGM link or banner on this page.

New users in NJ, PA, MI and WV will get $100 in bonus bets and $150 in casino credits when they bet $10 on sports after signing up.

BetMGM Promo Code Terms and Conditions

When claiming the $1,500 offer, if your wager loses, they’ll receive the same amount in bonus bets, up to $1,500. If your wager wins, they’ll receive their winnings in cash and will not get any bonus bets.

Bonus bets must be used within seven days and cannot be withdrawn or transferred.

If your losing bet is $50 or less, you’ll receive one bonus bet of that amount. If it’s more than $50, your bonus will be broken down into five bonus bets.

For example, if your first wager is $40 and loses, you’ll get one $40 bonus bet. If it’s $100, you’ll receive five $20 bonus bets.

Offer valid through Feb. 10, 2025.

First, download the BetMGM Sportsbook app through a link or banner on this page.

From there, follow these simple steps:

• Sign up with your name and other required personal information.
• Enter the promo code FORBES.
• Deposit at least $10 into your BetMGM account with an approved payment option, which includes Visa, MasterCard, Discover, American Express, PayPal, Apple Pay, PayNearMe and ACH Transfer.
• Place a bet on any market on the BetMGM platform.
• If your first wager loses, you’ll receive the same amount back in bonus bets up to $1,500.
• If in NJ, PA, MI or WV, you’ll get $100 in bonus bets and $150 in casino site credit for wagering $10+ on sports, win or lose
• Bonus bets valid for seven days.

With a maximum bonus bet of $1,500, BetMGM has one of the largest welcome offers in the industry. This gives new bettors a chance to win some serious coin with their first wager, especially if they bet on a market with plus odds.

It’s a great intro to the sportsbook, which is one of the best around and is available in many legal sports betting states. From market depth and daily promos to rewards and an intuitive interface, BetMGM has it all.

Accordingly, our betting experts recommend signing up for BetMGM and taking advantage of its sign-up bonus.

There are no BetMGM Sportsbook promo codes for existing users who have registered, deposited and played on the platform.

Still, the sportsbook has perks for existing customers. Existing users who “refer a friend” are eligible for a bonus bet up to $100. You can refer up to 20 friends per month.

Once your friend creates a verified account and meets the refer-a-friend requirements, you both will receive the bonus.

Additionally, all users receive weekly “odds boosts” and “same-game parlay insurance,” among other regular promotions.

BetMGM boasts an impressive loyalty program that rewards loyal customers with perks like VIP trips to MGM resorts and casinos.

There are several ways you can deposit money into your BetMGM account, all of which are safe, quick and convenient.

BetMGM Deposit Methods

• Credit/Debit Card
• Online Banking
• Apple Pay
• PayPal
• ACH eCheck
• PayNearMe
• Play+ Prepaid Card
• Wire Transfer
• Venmo

BetMGM Withdrawal Methods

• PayPal
• Venmo
• Bank Transfer
• Wire Transfer
• Cash at Cage

Betting on BetMGM Sportsbook is straightforward. To place a wager, find the game or event you want to bet on and select it in the app or website. That bet will be added to a “betslip,” where users enter the amount they want to wager before clicking “submit” to lock in that wager.

One of the most popular types of bets at BetMGM is a parlay, which allows bettors to combine multiple bets into one large wager with a much higher potential payout. That said, parlays also carry much higher risk, as each leg of a parlay needs to win for the wager to cash.

While parlays can be fun and carry more upside, they are also typically lower-value bets because of the risk involved. We recommend making straight bets – including wagers on the moneyline, spread, over/under or prop bets on a game or player – to maximize value on any given bet.

BetMGM has a wide selection of sports you can wager on, including the following:

• Archery
• Athletics
• Aussie Rules
• Badminton
• Baseball
• Basketball
• Beach Volleyball
• Biathlon
• Boxing
• Canoeing
• Cricket
• Cycling
• Darts
• Entertainment
• Fencing
• Field Hockey
• Football
• Golf
• Handball
• Hockey
• Lacrosse
• MMA
• Motorsports
• Olympics
• Rowing
• Rugby League
• Rugby Union
• Sailing
• Shooting
• Snooker
• Soccer
• Swimming
• Table Tennis
• Tennis
• Volleyball
• Water Polo
• Weightlifting

While you can wager on many different sports at BetMGM, it does not have different promo codes for different sports. Its welcome offer is the same regardless of which sport you wager on.

That said, BetMGM’s daily promos will differ by sport depending on the season. For example, it has more NFL-based promos in the fall, MLB-based promos in the summer, etc.

BetMGM is a great sportsbook with lots of pros, but we’ve found a few cons as well. Here are some of the things we like and don’t like about it.

Pros

• Great market depth, especially prop bets
• Generous welcome offer
• User-friendly app
• Frequent betting promos
• Good selection of deposit and withdrawal options
• “Edit Your Bet” feature

Cons

• App can be a bit clunky, not as smooth as competitors
• Not available everywhere

BetMGM has one of the best welcome offers in the industry. While many sportsbooks offer new customers bonus bets if their first wager loses, the amount is typically up to $1,000. At $1,500, BetMGM’s offer is the highest we’ve seen for this type of offer.

As such, we highly recommend BetMGM’s welcome offer and consider it one of the best around.

Here are some things to look out for when considering a sportsbook promotion.

• Bonus Type: Most new-user bonuses either give you bonus bets for wagering a small amount or provide a bonus bet if your first wager loses. BetMGM’s offer is the second kind, since you only get a bonus bet if your first wager loses.
• Eligibility: Many promos are only available to new customers who haven’t signed up for that sportsbook in the past, and there are usually age and state requirements as well. BetMGM’s offer is only for first-time customers who are of the legal gambling age in a state where BetMGM operates.
• Wagering Requirements: To qualify for a promotion, your first wager may need to meet certain criteria. It may need to be over a specific amount and odds threshold. BetMGM only requires that your first wager is made with real money (not a bonus bet).
• Minimum Odds: A qualifying bet may have a minimum odds requirement to prevent customers from betting on heavy favorites (i.e., -200 or longer). BetMGM’s promo does not have a minimum odds requirement.
• Validity Period: The length of time a bonus is valid for. BetMGM’s bonus bets are valid for seven days, after which they expire and are removed from your account.
• Maximum Win/Bonus Cap: Some bonuses cap the amount of money you can win with them to protect sportsbooks from losing too much money. BetMGM’s offer does not have a maximum win amount on its bonus bets.
• Bet Type Restrictions: Some betting promos only allow certain bet types to be eligible for a promotion or prevent you from using your bonus on certain betting markets. For BetMGM’s offer, any bet type is valid for your first wager and bonus bets can be used on any market.

While we don’t have a formal rating for sports betting promotional offers, we only write about consumer-friendly signup offers regarding the following criteria.

• Size of offer: Sports betting signup bonuses range from $100 to $1,500. The size is important, but it depends on the type of the offer. Regardless of size, a sports betting signup offer can give you some cushion for your first betting experience. Remember, these offers are one-time deals.
• Offer format: Most sportsbooks offer a so-called “bet & get” offer, where if you make a wager, you will receive so-called bonus bets. These wagers are in the form of site credit. Sometimes, your bet must win to claim the site credit. Other sportsbooks will offer a so-called free bet where you can get a refund in the form of site credit if your first wager loses. Both have their advantages.
• Time to receive site credit: It’s better if you receive your site credit immediately rather than having to wait 2-3 days. This can be relevant to your betting experience. However, all sportsbooks issue site credits in a timely manner.
• Odds requirement: It’s always better if the promotion doesn’t stipulate a minimum or maximum odds for your qualifying wager.

Some sportsbook signup offers are slightly better than others, but you can claim one new user offer at each sportsbook. You should claim each site’s offer if you want to try out multiple sports betting sites.

The customer support team at BetMGM Sportsbook is available 24/7 via live chat. Players may also email the support agents for assistance.

The contact details of the customer support team are available on the Help Center, which players can access through their Account section.

The Help Center offers detailed information about the crucial aspects of the sportsbook, allowing players to find step-by-step guides on how to quickly solve basic queries.

Make sure to always bet responsibly. Set and stick to a budget, and never bet more than you can afford to lose. Bet for fun on sports you know and don’t chase your losses.

You must be of a legal sports betting age and physically present in a legal sports betting state to wager.

If you feel that you may have a gambling problem or addiction, help and resources are available. You can seek help for you or someone you know by calling 1-800-GAMBLER.

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