BetMGM Second Chance Promo Code
Sign up at BetMGM Sportsbook to enjoy a Second Chance Promo up to $1,500 in bonus bets. This BetMGM Second Chance promo gives you a higher limit in bonuses.
On this page, I will explain why the BetMGM welcome bonus is a great way for new users to build their bankroll.
Find out how the BetMGM promo code works and best ways to use it to get the most bang for your buck.
BetMGM Second Chance Promo Code
In order to activate the BetMGM Second Chance offer, make sure to .
To start the signup process, make sure to click the “Get Bonus” button on this page.
After creating an account, you will be well on your way to securing up to $1,500 in bonuses. Read the section below to find out how the BetMGM Second Chance offer works.
How the BetMGM Sportsbook Second Chance Offer Works
Follow these steps to secure the BetMGM welcome bonus:
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- Click “Claim Offer” on this page to get to BetMGM.
- Create a unique username and secure password.
- Provide your personal information to verify your identity.
- Enter promo code GAMEDAY to activate your welcome bonus.
- Deposit at least $10 into your account using one of the banking methods.
- Place your first wager on any betting market.
- If you win, you will receive your profits as with any other bet.
- If you lose, your bet will be matched in bonuses up to $1,500.
- For example, if I wagered $1,500 and lost, I would receive $1,500 in bonuses.
Wagering Requirements
- Bonus bets are non-withdrawable, so there are no playthrough requirements.
- The bonus will be provided as five bet tokens that add up to your initial wager.
- For example, a $1,500 losing bet would return five $300 bonus credits.
- Note: If your first wager is less than $50, you will get a single bet token.
- Example: $49 bet would return one $49 bet token.
Terms and Conditions
- Must be 21 years of age to play at BetMGM.
- Welcome bonus is available for new users only.
- Users need to reside in a state where BetMGM operates.
- Bonus bets will expire seven days after being issued.
- Qualifying bets must be cash wagers – bonus bets, odds boosts are ineligible.
- If you cash out early on your qualifying bet, you will forfeit your bonus.
BetMGM Second Chance Promo vs Its Competitors
Let’s compare the BetMGM Second Chance Promo with other sportsbook promos in the sports betting space.
bet365 Sportsbook
bet365 gives new users the choice between Bet $5, Get $200 or $1K First Bet Safety Net with promo code GAMEDAY.
Place your first bet of $5+ to get $200 in bonus bets or receive up to $1,000 in bonuses if your first wager loses.
While I prefer the Bet $5, Get $200 offer, BetMGM’s Second Chance promo has a higher limit than the $1K First Bet Safety Net.
Caesars Sportsbook
Caesars has a welcome bonus where new signups can get up to $1,000 in bonus bets with promo code GAMEDAY1000.
Place your first wager at Caesars and get matched up to $1,000 if it loses.
BetMGM has a better offer because of the higher limit ($1,500). Plus, BetMGM provides your refund in five bet credits (each 20% of initial wager), while Caesars gives you a single bet token that matches your first wager.
Find out more about the Caesars welcome bonus.
Fanatics Sportsbook
Fanatics has a 10 Day Promo for new users, where you can secure up to $1,000 in bonus bets.
Get your first bet matched up to $100 for 10 consecutive days, adding up to $1,000. However, do note that if you miss one of the 10 days, you forfeit the bonus for that day.
BetMGM has a higher limit than this ($1,500) but Fanatics gives you guaranteed bonuses, which is useful.
The Best Way to Use the BetMGM Second Chance Offer
The best way to use the BetMGM Second Chance offer is to play it safe. You want to win your first bet so that you don’t have to use your bonus to recoup your losses.
I try to get as close to the maximum $1,500 as I can because that’s how you take full advantage of this offer.
Find your favorite player prop and place a straight bet. It’s a great time to attack the NFL because player usage is still unclear, so you can find an edge.
Straight bets are preferred because you have better odds at winning compared to parlays.
If you end up losing your first bet, now you have to be even more conservative because you want to get back as many of your losses as possible.
Look for a player prop with higher odds to use for your bonus. It’s damage control when you get to this point.
The bottom line is that your goal is to build your bankroll. Don’t shoot for the moon on a longshot because that’s too risky.
Learn more strategies about the BetMGM new-player offer.
Is the BetMGM Second Chance Promo Worth It?
The BetMGM Second Chance Promo is worth it because you have one of the highest limits in the industry at up to $1,500 in bonuses.
This gives you a terrific opportunity to add to your balance and get off to a strong start in your sports betting venture at BetMGM.
Remember, you don’t have to bet $1,500 – you can go as little as $10 with this offer. However, it’s recommended to place a larger bet to get more value out of this promo.
Don’t miss out on the BetMGM welcome bonus – sign up today with promo code GAMEDAY.
How to Withdraw Your Second Chance Winnings
- Click your account information on the top right of your screen.
- Choose your preferred banking method at BetMGM.
- Select “Withdraw” to submit your request.
- Once approved, you will receive a confirmation email.
- The approval process only takes up to a day at maximum.
- From there, you will wait up to 72 hours, depending on your banking method.
- Do note that PayPal is one of the fastest options.
Where Is the BetMGM Sportsbook Second Chance Offer Available?
The BetMGM Second Chance Offer is available in the following states:
- Arizona
- Colorado
- Indiana
- Illinois
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Michigan
- North Carolina
- New Jersey
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- Washington D.C.
- West Virginia
- Wyoming
For more information, read out BetMGM Promo and Review.
