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BetMGM bonus code TRIBUNEMGM generates $1k first bet insurance for all your weekend bets

Action Network
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OAKLAND, CALIFORNIA - JULY 05: Oakland Athletics relief pitcher Domingo Acevedo #68 throws against the Toronto Blue Jays in the seventh inning of their MLB game at the Coliseum in Oakland, Calif., on Tuesday, July 5, 2022. (Jane Tyska/Bay Area News Group)

OAKLAND, CALIFORNIA - JULY 05: Oakland Athletics relief pitcher Domingo Acevedo #68 throws against the Toronto Blue Jays in the seventh inning of their MLB game at the Coliseum in Oakland, Calif., on Tuesday, July 5, 2022. (Jane Tyska/Bay Area News Group) (Jane Tyska, Bay Area News Group)

The BetMGM bonus code TRIBUNEMGM unlocks a generous welcome offer for new bettors. New players to BetMGM can get their first bet covered — up to $1,000 — in bonus bets.

Essentially, this promotion gives users a first bet on the house, as they’ll be protected up to $1,000 with this current BetMGM offer.

We’ll highlight some of the relevant conditions and requirements in the ensuing paragraphs.

BetMGM exclusive offer, explained

First bet insurance promotions have become much more popular with the increased availability of online sports betting. Lots of different books offer new users some kind of bet insurance and they’re generally solid promotions.

The only downside with these offers is that a bettor’s first wager must settle as a loss before they can get any bonus bets.

Basically, new players will click the module below and use the BetMGM bonus code TRIBUNEMGM to sign up for an account with the sports betting giant.

From there, new players will need to deposit at least $10 into their account and place a cash wager. Critically, only real-money wagers will trigger this offer and any bets placed with credits of any kind will not qualify for this offer.

If that first wager wins, the player will keep their stake and collect their profits. For example, if a new player places a $100 cash wager on the A’s at +180 against the Red Sox. The Red Sox are talented but you have faith that the struggling A’s can catch them by surprise and get the win at Fenway.

If Oakland wins, you’d collect $180 in profit and keep your $100 stake. Critically though, you would not get any bonus bets.

However, if the A’s lost and that cash bet settled as an L rather than a W, you would collect $100 in bonus bets from BetMGM as part of this promotion. Similarly, if your cash wager was $200, you’d get $200 in bonus bets, all the way up to $1,000.

As noted though, any wagers placed with bonus bets will not trigger this offer. So, if a bettor placed the same value wager using credits on the A’s and Oakland won, they’d collect their profit but would not get their stake back nor would they get any bonus bets.

Likewise, any bonus bets earned from this promotion are only valid for one wager each and cannot be withdrawn or cashed out.

Similarly, any bonus bets earned from this promotion will be distributed within 24 hours of the bet settling and will remain valid for up to seven days after distribution.

BetMGM sign up details

Before signing up with BetMGM, new users should review the conditions outlined below to make the most of this promotion.

First and foremost, this promotion is limited to new customers who are at least 21 years old and present in a legal BetMGM state. Players do not need to be a resident of said state to claim this promotion but must be within state limits which BetMGM will verify using geolocation data.

If players meet all those requirements, they can click the module above and deploy the BetMGM bonus code TRIBUNEMGM at sign up.

Once signed up, players will need to make a deposit of at least $10 to initiate their account. From there, they’ll need to place a cash wager to trigger the promotion.

If that first cash wager settles as a loss, they’ll get their complete stake back in bonus bets — up to $1,000.

Any bonus bets earned from this promotion will be good for one wager each on the BetMGM platform and cannot be withdrawn or cashed out. Similarly, players will not get their stake back in the event of a winning bonus bet wager.

Bonus bets earned from this offer will be distributed within 24 hours of the qualifying wager settling and will remain valid for up to seven days after distribution.