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Commercial Content. 21+. Action Network is the official betting partner of the Chicago Tribune
One of America’s biggest sports betting sites, BetMGM, currently offers two different welcome promotions in 19 states (AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY).
If you sign up with the BetMGM bonus code TRIB1600 you’ll unlock a 20 percent deposit match with a $1.6K cap. On the other hand, you can use the BetMGM bonus code TRIBUNENEWS to claim a $1,500 first bet insurance promotion.
Based on the structure of the deposit match, you’ll get 20 percent of whatever cash you put down first. Additionally, there’s a 10x wager requirement within the first 30 days. So, if you put down $200 in cash, you’ll get $40 as sports bonuses credited to your account. From that point, you’d have 30 days to wager $400 or forfeit your eligibility.
The bet insurance offer is more straightforward and most customers will be familliar with the structure. You’ll get the value of your first cash bet credited back to your account as bonus bets if you lose — up to $1.5K.
You can review the eligibility requirements below and get started with either of the hyperlinks above or the one of the modules. Naturally, you’ll only be able to claim one of these offers.
Eligibility and T&Cs
- New customers only
- 21+ only
- Must be present in legal BetMGM state, residency not required
- $10 cash deposit required to register account
- Bonus bets or sports bonuses valid for seven days from the point of distribution
Despite the different names, both bonus bets and sports bonuses function in essentially the same way. Both are valid for one wager a piece and cannot be cashed out or withdrawn without being wagered.
20 Percent Deposit Match — $1.6K cap
$1.5K First Bet Insurance
Sign up steps with BetMGM
- Use either module or one of the hyperlinks above to access BetMGM
- If prompted, input the bonus code TRIBUNENEWS or TRIB1600
- Finalize your account with relevant personal details (home address, birthdate)
- Both offers require $10 cash deposit to activate your account
- You’re ready to wager
As mentioned above, even if you’re just traveling in a legal sports betting state, you can still sign up and wager while in state. You’ll be able to withdraw any potential winnings when you return home, even if you don’t live in a state with legal online betting.
Wagering with BetMGM
We’ll review some potential wagers with each promotion in the subsections below.
Starting with the bet insurance offer, this promo is best suited for players looking for an edge on an underdog wager. If the bet hits, you’ll collect a decent profit — depending on your original stake — and if you lose, you’ll get the value of your original cash stake back as bonus bets.
Say you put down a $170 cash bet on the Giants moneyline at +114, you’d either:
- You’d either collect a profit of $193.80 with a win, plus you’d keep your cash stake.
- Or, if your bet lost, you’d get $170 in bonus bets credited back to your account.
On the other hand, if you claimed the deposit match and put down the same $170 as your first cash deposit, you’d get $34 in sports bonuses credited to your account. As mentioned above, sports bonuses function like bonus bets as they can be used for basically any wager but cannot be withdrawn.
From that point, you’d have 30 days to wager $340 in total. You could chip away at it with small wagers over several days or go all out and put down the full cash stake on one wager.
A $340 on the same Giants moneyline at +114 would earn you $387.60 in profit. If you lost, you’d forfeit the cash but would meet the wager 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.
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Ian Firstenberg , 2024-06-04 00:40:08
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