BetMGM: Bet $5 Get $158 in Bonus Bets Review

6 min read
BetMGM: Bet$5 Get $158 in Bonus Bets
BetMGM Sportsbook
02/12/2024
expire
Easy
to obtain
1x
wagering req.
7 days
wagering period

About the Bonus

BetMGM Bonus Bets New Customer Offer Bet $5 Get $158

The BetMGM: Bet $5 Get $158 in Bonus Bets is a promotional offer targeted at new users of the BetMGM Sportsbook. This promotion operates under a straightforward premise: new users who sign up for a BetMGM Sportsbook account, make a deposit, and place their first bet of at least $5 are rewarded with $158 in Bonus Bets. This bonus is credited to the user's account regardless of the outcome of their initial wager.

The promotional period for this offer is from January 9, 2024, to February 12, 2024. Eligibility for the bonus is restricted to new users of the BetMGM Sportsbook who are 21 years or older, located in states where BetMGM operates legal online sports wagering, and are not on any exclusion or self-exclusion lists. To qualify, users must fulfill the minimum deposit and wager requirements within the specified promotional period.

The appeal of this promotion lies in its simplicity and the immediate reward. Users are not required to wait for the outcome of their initial bet to receive the bonus bets, which are credited instantly. This instant credit feature could be particularly appealing to those new to sports betting, offering a way to explore the platform with additional betting credits.

Pros & Cons

Pros

  • Immediate Reward: Users receive the bonus bets instantly after placing their qualifying bet.
  • Simple Eligibility Criteria: The offer is straightforward, requiring a minimum bet of $5 with no complex requirements.
  • Open to All Sports Bets: The bonus can be used for any sports wager, providing flexibility.
  • No Winning Requirement: The bonus is awarded regardless of whether the initial $5 bet wins or loses.

Cons

  • Limited Time Frame: The offer is only available during a specific promotional period.
  • New Users Only: Only new users are eligible, excluding current BetMGM Sportsbook users.
  • Geographical Restrictions: The offer is limited to users in jurisdictions where BetMGM offers online sports wagering.
  • Bonus Bet Limitations: Bonus bets have specific usage terms, such as being non-withdrawable and having to be used within a set timeframe.

How to Claim

For those interested in taking advantage of the BetMGM: Bet $5 Get $158 in Bonus Bets offer, the process is relatively straightforward. This promotional offer is designed to attract new users to the BetMGM Sportsbook platform, providing an incentive for them to engage with the variety of sports betting options available. To claim this offer, users must follow a series of steps, which are outlined below:

Step-by-Step Guide:

  1. Download the BetMGM Sportsbook App: Available on iOS and Android, or visit the BetMGM website.
  2. Register for an Account: Complete the registration process by providing required personal information.
  3. Deposit Funds: Deposit at least $5 into your new account.
  4. Place a Qualifying Bet: Wager at least $5 at standard odds.
  5. Receive Bonus Bets: Following the placement of your qualifying bet, the $158 in Bonus Bets will be credited to your account.
BetMGM Sportsbook

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$10
min deposit
Varies
max withdrawal
1-5 days
withdrawal speed
1-4.7%
margin
BetMGM Bet $5 Get $150 in Bonus Bets

Terms & Conditions

Understanding the terms and conditions of any promotional offer is crucial to ensure compliance and to fully benefit from the offer. The BetMGM: Bet $5 Get $158 in Bonus Bets promotion has specific terms that users must adhere to:

Key Terms & Conditions

  • Promotional Period: Valid from January 9, 2024, to February 12, 2024.
  • Eligibility: New BetMGM Sportsbook users who are 21 years or older and located in eligible states.
  • Deposit and Wager Requirements: Minimum $5 deposit and $5 wager at standard odds.

Bonus Bet Specifications

  • Bonus bets awarded as two $50 bets and one $58 bet.
  • Cannot be withdrawn or cashed out.
  • Must be used within 7 days of being credited.
  • Can be used for any sports wager on the platform.
  • Bonus bets must be used as single wagers and cannot be split.
  • The value of the bonus bet is not included in any winnings.
  • If a bonus bet wager is voided, it will be returned to the account.

Final Thoughts

The BetMGM: Bet $5 Get $158 in Bonus Bets offer is a promotional offer designed to attract new users to the BetMGM Sportsbook platform. It provides a straightforward and immediate bonus for new users, offering flexibility in terms of the types of bets that can be placed using the bonus. While the offer is user-friendly and accessible, potential users should be aware of the eligibility criteria, geographical limitations, and the specific terms related to the use of bonus bets. As with any promotional offer, it is advisable to read and understand all terms and conditions to ensure full compliance and optimal use of the bonus.

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