BetMGM Bonus Code: Claim Your $1,500 First Bet for Wednesday

BetMGM is offering new users a $1,500 first bet on the house in most states with BetMGM bonus code VIBONUS, meaning they'll be refunded in bonus bets should their first bet lose.

This BetMGM bonus code is available everywhere BetMGM Sportsbook offers its online sportsbook besides New York, Kansas and Washington D.C.

Updated on 05/24/2024
Bonus Code VIBONUS1600 Claim Now

Claiming Your BetMGM Bonus Code

It's a five-step process to activating your BetMGM bonus code, though it should take just a few minutes.

  1. Head to BetMGM.com or use our link
  2. Complete your registration within all your real information -- name, address, last four digits of your SSN. If you fake any info, BetMGM can't verify your identity and you won't be able to deposit.
  3. Make a deposit up to $1,500 using any deposit method -- PayPal, credit card, bank transfer, etc.
  4. Place your first bet, up to $1,500, and if it loses, you'll be refunded in bonus bets.
  5. If you do get those bonus bets back, bet them within seven days to turn them into cash.

BetMGM should send you notifications about your expiring bonus bets, so be sure to turn push notifications on so you don't let them go to waste.

Previewing Wednesday's Slate at BetMGM

Let's dive into a real example from Wednesday's sports slate for using the BetMGM bonus code.

Action Network's Sean Zerillo likes Alec Bohm over 1.5 total bases at +105 or better.

Braxton Garrett continues to show a significant disagreement between his results and underlying indicators (3.63 ERA, 4.23 xERA the past two seasons). Pitching models aren't particularly fond of the former first-round pick (97 Stuff+, 95 Pitching+ in the second half), but he did post quality starts in seven of his 12 second-half outings.

Garrett has struggled against the Phillies, however; current Phillies own a 1.036 OPS against Garrett across 72 plate appearances, and Alec Bohm — who owns a career 139 wRC+ against lefties — may be the offensive player to target in prop markets, after hitting third against southpaw Jesus Luzardo on Tuesday. I project Bohm for 1.77 bases if he's batting third again; bet Bohm Over 1.5 bases at any plus-money price.

Let's say I put a $100 first wager on this prop. If it wins, it will pay $105 in cash, and I'll keep my $100 stake. That's now $205 cash in my account I can continue betting, or withdraw.

If Bohm doesn't get 2+ total bases, I'll get $100 back in bonus bets.

OK, so what do you do with the bonus bets? It's mathematically optimal to use them on longshots, since you're not getting the stake back.

Say I put my $100 in bonus bets Oklahoma State +350 against Kansas State in Friday night college football action.

  • If OK State wins, I'll profit $350 in cash, but I won't keep my $100 bonus bet. So after a $100 deposit, I'll have $350 I can withdraw or continue betting.
  • If OK State loses, I'll have lost my $100 deposit, and have nothing left in my account.