Online sportsbooks each have their own welcome bonuses, but there’s a brand new one that is worth targeting immediately.
has a Bet $5, Get $158 offer for new users. It’s as simple as it sounds — place a $5+ wager to get $158 in bonus bets. There’s no need for your bet to win. That’s right, even if your wager loses, you’ll unlock this bonus.
Read on for a full breakdown on one of the best sportsbook promos in the industry.
BetMGM $158 Bonus At A Glance
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| BetMGM 50% SGP Boost | No code needed, just opt-in |
| BetMGM 33% Multi-Sport Parlay Boost | No code needed, just opt-in |
BetMGM $158 Bonus
When you bet $5+ on your first wager, you will receive $158 in bonuses, even if your initial bet loses. This is a terrific offer that will help you build your bankroll at BetMGM.
You can use the bonus to try to shoot for the moon on a longshot parlay for a nice return on your investment, or play it a little safer on a straight wager.
How The BetMGM $158 Bonus Works
Once your first bet is settled (win or loss), you will receive $158 in bonus bets, which will be distributed as two (2) $50 credits and one (1) $58 token.
These credits don’t have cash value (they can’t be withdrawn from your account), but they can be used to rack up more profit. Just remember, the credit is not included in your return, but only the stake.
For example, if I took Chiefs ML (+120), it would look like this:
$50 bonus to win $60 in cash.
For this reason, it’s best to use your bonuses are wagers with plus odds (+100, +120, etc.) to take full advantage of your token.
If you’re betting on minus odds, your winnings will be less than the $50 or $58 token, so you’re not making the most out of it in this way.
How To Activate the BetMGM $158 Bonus
- Click one of the links here to get to the BetMGM landing page.
- Create a unique username and password.
- Provide your name, address, and more.
- You will also need to include the last four digits of your Social Security Number.
- Once you’ve received a confirmation e-mail that your account has been activated, you can make your first deposit.
- From here, you can place a bet of at least $5 to enjoy the “Bet $5, Get $158" welcome bonus.
BetMGM Payment Methods
There are several payment methods available at BetMGM, including the following:
- Credit/Debit
- PayPal
- Wire Transfer
- Play+
- VIP Preferred E-Check
- PayNearMe
- Online Banking
BetMGM Withdrawal Options
You can also withdraw your winnings with the following options:
- PayPal
- VIP Preferred
- Online Banking
- Play+
- Debit Card
What to Bet With the BetMGM $158 Bonus
Isaiah Likely Over 36.5 Receiving Yards (-118) vs Texans
BetMGM Sportsbook • WAGER: 1 Unit
Isaiah Likely is slated for another enhanced role with Mark Andrews expected to miss this game, according to Ian Rapoport of NFL Network.
Likely has performed well in Andrews’ absence, averaging 49.2 yards per game in six matchups as the top tight end for the Ravens. Five of those six games were at 40+ or more yards, so we’re getting a favorable number here.
On top of that, the Texans have struggled defending tight ends this season, allowing 62.9 receiving yards per game to the position.
Look for Likely to comfortably eclipse this number.
