Refunds of $49 or less are issued as a single bonus bet. This allows bettors to spread the wealth, giving them multiple shots at picking winners.įor example, if a bettor places a $1,500 first wager and loses, they’ll receive five bonus bets worth $300 each. If the refund totals $50 or more, BetMGM will issue the refund as five bonus bets, each equivalent to 20% of the initial losing wager. If your first bet loses: BetMGM will refund it with up to $1,500 in bonus betsĮssentially, the BetMGM bonus guarantees new customers that the worst-case outcome for their first wager is that it loses and they get a second chance at placing a winning wager.īetMGM issues refunds a bit differently than other sportsbooks with similar welcome bonuses.If your first bet wins: BetMGM will pay your winnings as normal, and the welcome promotion ends there.In other words, the bonus ensures one of two outcomes for every new customer’s first wager: New customers who claim this offer can place their first wager on any sport to get up to $1,500 in bonus bets if they don’t win. In addition, BetMGM offers regular short-term promotions for existing players. New customers can use the latest BetMGM bonus code BUSABONUS when signing up for an account to claim a welcome bonus worth up to $1,500.
