ByLance Patton

Sep 8, 2023

BetMGM First Bet Offer | Use GAMEDAY For $1,500 Back in Bonus Bets

BetMGM First Bet Offer

Sign up for BetMGM today with code GAMEDAY and get $1,500 back in bonus bets if your first bet loses.

  • and create your account with code GAMEDAY to activate.

Once you’ve created your account and completed any necessary identity and location verification steps, make a deposit of $10+ using one of the many safe and secure deposit methods, and place your first bet on BetMGM.

If your bet loses, get your stake back in bonus bets, up to $1,500!

How the BetMGM First Bet Offer Works

To get the BetMGM $1,500 First Bet Offer, just follow these steps:

  • and sign up with code GAMEDAY.
  • Complete any necessary identity and location verification steps.
  • Make a $10+ deposit using one of the safe and secure deposit methods.
  • Place your first bet and if it loses, you’ll get bonus bets equal to the stake, up to $1,500.
  • Bonus bets must be used within seven (7) days after issuance.
  • Limited to one (1) per customer and you will not be able to combine the first bet offer with any other BetMGM welcome bonuses.

If your qualifying first wager is greater than $50, your bonus bets will be broken up into five (5) bonus bets equal to 20% of your bonus bets.

Get $1,500 Back in Bonus Bets at BetMGM

The $1,500 back-in bonus bets offer at BetMGM is a popular offer and one that they’ve run for a number of years, but have changed the amount from $1,000 to $1,500.

This is a popular offer at a number of operators but BetMGM stands out for a couple of different reasons:

  • Dollar Amount — A $1,500 first bet offer is one of the highest monetary first bet offers available on the market.
  • Bonus Bets Paid In Increments — Breaking up the bonus bets in 20% increments allows you to not go all or nothing on your second chance.
  • Rollover Requirements — All you need to do to convert the bonus bets to withdrawable credits is bet them once, any winnings associated with bonus bets will be withdrawable.

Alternative BetMGM Welcome Bonus

The BetMGM Bet $10 Get $200 bonus is an alternative offer and is officially back for football season! You can sign up today to claim $200 in bonus bets instantly after placing your $10+ qualifying wager.

This bet-and-get is eligible for all sports, all markets, and all odds. Just place a $10+ wager as your first bet on the BetMGM Sportsbook and you’ll get $200 in bonus bets instantly.

and create your BetMGM account with promo code TGD200 to activate the Bet $10, Get $200 bonus!

Best Way to Use BetMGM $1,500 First Bet Offer

The first thing you need to decide is how much you’re going to claim of the $1,500 first bet offer.

In an ideal world with an unlimited bankroll, you’d deposit and bet all $1,500 on your first wager to maximize the bonus. However, you should not reach beyond the means of your bankroll because the bonus bets must be played through and can not be withdrawn.

Once you’ve decided the amount and completed your deposit, browse through the BetMGM markets and keep an eye out for a bet that piques your interest. Given the initial bet offer, it’s advisable to target bets with odds ranging from +130 to +250.

Since you’ll receive bonus bets in case of a loss, consider taking a chance on an underdog with decent odds. This way, if you do win your initial bet, you’ll have over doubled your initial stake / deposit.

The same principle applies to the bonus bets you receive if your initial bet doesn’t pan out but with an added twist. Keep in mind that wagers made using bonus bets will only yield the profits, not the original stake.

For instance, if you use a $50 bonus bet on a wager with (-110) odds, you’ll receive $45 in profits, but not the $50 bonus bet stake back. This encourages you to use your bonus bets on wagers with positive odds, maximizing your potential withdrawal amount from bonus bets.

Learn more about this operator in The Game Day’s BetMGM Sportsbook review, or click “Get Bonus" below to activate the BetMGM First Bet Offer today!

Starts on09/08/2023
Expires on12/31/2024
Time Remaining392 days, 6 hours
Promo TypeNew User Promo
SportsBookBetMGM Sportsbook
How to EnterSign Up and 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.

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