ByLance Patton

Oct 18, 2023

BetMGM Formula 1 Promo | Use GAMEDAY For $1,500 First Bet Offer

    • 21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 or (MA). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit for T&C's. Please Gamble Responsibly. Promotional Offers Not Available in NY, NV, ON, or PR

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      Get $1,500 in Bonus Bets

      First Bet Offer

BetMGM Forumla 1 Promo Code

Formula 1 is taking the world by storm with an exciting, fast-paced brand of racing. And if you haven’t watched yet, it’s the perfect time to get into the sport.

Especially with the BetMGM Formula 1 promo where new users who sign up with promo code can get a $1,500 first bet offer.

  • Create your account with promo code GAMEDAY to activate!

Once you’ve created your account, make a deposit and place your first bet of at least $10 on any Formula 1 bet and if it loses, get your stake back in bonus bets up to $1,500.

How the BetMGM Formula 1 Promo Works

Just follow the steps below to activate the BetMGM Formula 1 promo:

  • Create your account with promo code .
  • Get your safe and secure and deposit method and make a $10+ deposit.
  • Place your first bet of at least $10 on any Formula 1 race.
    • First bet offer can be used on any market on the BetMGM Sportsbook.
  • If your bet loses, get your stake back in bonus bets, up to $1,500.
  • If your bet wins, get your winnings as your normally would.

If your first bet is over $50, your bonus bets will be broken up into five (5) bonus bets each equal to 20% of your bonus bets.

Best Way to Use BetMGM Formula 1 Promo

The first thing to note for your BetMGM Formula 1 promo is to use promo code on sign-up to activate the offer.

Once you create your account, make a deposit and place your first bet on Formula 1.

Despite being a newer sport — at least to the US audience — there are a number of markets available including to-win, matchup bets, and other various offerings.

Look through the markets available on BetMGM and find a bet that catches your eye. With a first bet offer such as this one, I would look to target bets with medium to long odds (+130 - +250).

Since you’ll receive bonus bets back if you lose, you can take a shot on a middling underdog and get your stake back in bonus bets,

The same goes for the bonus bets you’d receive if your first bet loses, except even more so since wagers placed with bonus bets will not return the stake only the profits.

For example, if you place a $50 bonus bet on a wager with (-110) odds. You would just receive the $45 in profits, and not the $50 bonus bet stake back. This incentives you to place your bonus bets on wagers with plus-odds, in order to convert your bonus bets into as much withdrawable money as possible.

Best Bet For F1 United States Grand Prix

Max Verstappen has never won fastest lap at the Circuit of the Americas, but his odds to win the United States GP fastest lap are too juiced to wager already. That’s why you should wager on Verstappen logging the fastest lap for the sprint race October 21 at (-190),

Read Jeff Hicks’ full F1 United States Grand Prix predictions, and then you can activate the BetMGM F1 promo by simply clicking “Get Bonus" below and creating your account with promo code GAMEDAY.

Promo TypeNew User Promo
SportsBookBetMGM Sportsbook
How to EnterSign Up & Bet


Lance Patton

Lance Patton is the Promotions Creator & Editor for The Game Day and also creates content for the NFL, college football, and college basketball. Before joining The Game Day, Lance did freelance work for a variety of sports betting websites as well as covering the Iowa Hawkeyes for FanSided.

If you or someone you know has a gambling problem and wants help, please call 1-800-GAMBLER.

21+ and present in OH. Gambling Problem? Call or text 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY).

Call 877-8-HOPENY or text HOPENY (467369) (NY).

Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI).

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