How to Bet Responsibly at BetMGM

8 min read
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Fact checked by:
Paruyr Shahbazyan
Last Updated: May 27, 2024, 3:29 PM

About BetMGM

BetMGM Sportsbook, a joint venture between MGM Resorts International and Entain, has established itself as a notable name in the US sports betting market. Offering a comprehensive online sports betting experience, BetMGM is recognized for its user-friendly platform, extensive betting markets, and robust promotions. It operates both online and in retail venues, underlining its commitment to providing diverse betting options to its users. This platform stands out for its wide variety of sports and betting types, appealing to both recreational and serious bettors.

Responsible Gambling Practices for BetMGM

Responsible betting at BetMGM Sportsbook is key to ensuring your sports betting remains an enjoyable and sustainable hobby, particularly for bettors in North America. To help maintain control and maximize the enjoyment of your betting experience, consider the following:

Educate Yourself on Sports Betting: Before diving into the array of betting options at BetMGM, it's essential to understand the basics of sports betting and the specifics of North American sports leagues (like the NFL, NBA, MLB, and NHL).

  • Stay informed about team and player performances.
  • Learn about different bet types and how odds work to make more informed decisions.

Utilize BetMGM's Responsible Gaming Tools: BetMGM is committed to responsible gaming, offering several tools to help manage your betting activity.

  • Set deposit limits to control the amount of money you can fund your account with.
  • The "Time-Out" feature allows you to take a break from betting, helping you avoid making impulsive decisions.

Set a Budget: One of the first steps in betting responsibly is determining how much money you can afford to lose, ensuring your betting doesn't affect your financial health.

  • Allocate a budget specifically for your betting activities.
  • Avoid the temptation to chase losses; it's better to walk away than bet beyond your means.

Knowledge of Odds and Betting Strategy: Understanding the dynamics of betting odds and developing a strategy is crucial for a positive betting experience at BetMGM.

  • Familiarize yourself with how odds reflect the probability of outcomes and potential returns on bets.
  • Utilize BetMGM's educational resources for insights and betting strategies.

Seek Assistance if Necessary: Recognizing when you might need help is vital for maintaining control over your betting habits.

  • BetMGM provides access to responsible gambling resources for anyone needing support.
  • External organizations like Gamblers Anonymous are also available for help.

Sign Up At BetMGM

Joining BetMGM Sportsbook is a straightforward process, designed to be user-friendly and efficient. New users can quickly create an account, allowing them to dive into the world of sports betting with ease.

How to Sign-Up at BetMGM:

  1. Visit the BetMGM Sportsbook website.
  2. Click the "Register" button located in the top-right corner.
  3. Enter your email and select a password.
  4. Provide personal details such as name, address, contact number, date of birth, and the last 4 digits of your Social Security Number.
  5. Complete the verification process by entering your home address and mobile phone number, and agreeing to the BetMGM terms.
  6. Finish the registration by reviewing the user agreement and clicking “Create My Account.”
  7. Enable location services to bet with BetMGM.

Finding a Betting Market

BetMGM Sportsbook offers a variety of betting markets, allowing users to choose from numerous sports and bet types. This flexibility caters to different preferences, whether you're interested in mainstream sports or niche events.

Steps to Place Your Bet

  1. Select a sport from the comprehensive list of sports and leagues available.
  2. Pick a specific game within your chosen sport.
  3. Decide on the type of bet you wish to place. BetMGM offers various bet types, including moneylines, spreads, and over/unders.
  4. Add your chosen bet to the bet slip, which is typically located on the right side of the screen.
  5. Enter your stake amount in the bet slip. The potential return will be automatically calculated.
  6. Confirm your selections and place your bet by clicking the “Place Bet” button.

Withdrawing From Your Account

When it comes to withdrawing your winnings from BetMGM Sportsbook, the process is quite straightforward. After a successful bet, you can choose from several withdrawal methods offered by BetMGM, including bank transfer, PayPal, and credit cards. The time taken for withdrawals can vary, typically ranging from 1 to 7 days. It's essential to remember that the speed of withdrawal might depend on the method chosen and any verification processes required by BetMGM.

How to Bet at BetMGM FAQs

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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG


Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.


Sol Fayerman-Hansen
Sol Fayerman-Hansen

Sol Fayerman Hansen is the Editor-in-Chief at With over two decades of experience in sports journalism and iGaming content, Sol finds working with a refreshing experience focused on transparency and responsible, informed sports gambling. 

No, that bonus won't make you rich; it might lead to a gambling addiction even faster.

Notable Achievements

Sol is the creator of the world's largest book on digital art, a work collected by Harvard University libraries for its historic significance. He also served as the head of innovation at the Bank of Montreal, specializing in advanced technologies.

Personal Passion

Writing is Sol's daily practice and his art. He loves enriching readers with every story, reflecting his commitment to helping people through his work.


An avid sports lover, technology enthusiast, and a dedicated collector of both digital and physical art, Sol is habitually curious and a serial experimenter who loves to test new things…it's the only way to learn.

Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.

Mark Medina
Mark Medina
NBA Reporter

Mark Medina is a longtime NBA reporter that includes stints as a Lakers blogger with The Los Angeles Times (2010-12), Lakers beat writer with the Los Angeles Daily News (2012-17), Warriors beat writer with Bay Area News Group (2017-19) as well as an NBA reporter/columnist for USA Today (2019-21) and (2021-23). Medina is also an NBA insider with Fox Sports Radio and frequent contributor to CBSLA's SportsCentralLA with Jim Hill and with Spectrum Sportsnet.

Daria Tuboltseva
Daria Tuboltseva
Hockey Journalist

Daria went to St. Petersburg State University and earned a bachelor of international journalism. Working as a sports journalist from 2014, from 2016 as a hockey journalist. Covered 5 World Championships, 2022 Winter Olympics, 2020 World Juniors, 6 Gagarin Cup Finals. 

Owner of a telegram channel Coolest Game on Earth.

Integrative nutritionist specializing on sports nutritionology.

Paul M. Banks
Paul M. Banks
Sports Journalist

Paul M. Banks is a professional Content Creator whose career has seen bylines in numerous publications, including the New York Daily News, Chicago Tribune, USA Today, Yahoo, MSN, FOX Sports and Sports Illustrated.

Banks has made scores of guest appearances on live radio and television, featuring regularly on NTD News, WGN-TV, CCTV, ESPN Radio, the History Channel, SiriusXM and CBS Sports Radio.

He is the Founding Editor of The Sports, which has been featured and linked in hundreds of leading media outlets all across the world.

He has also authored two books, one of which, "No, I Can’t Get You Free Tickets: Lessons Learned From a Life in Sports Media," became an assigned textbook in journalism courses at State University New York-Oneonta.

Nikhil Narain
Nikhil Narain
Cricket Journalist

Nikhil Narain is a die-hard cricket romantic, published author, and has worked for some of the leading digital websites and broadcasters in India and overseas. An alumnus of the London School of Economics, Nikhil's forte is using data and numbers creatively to weave interesting stories and revolutionize the way cricket statistics are generated and analyzed.