:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/WKXORBWZ6WRWN6KCWT55TWV5VQ.jpg)
The BetMGM bonus code TRIBUNEMGM generates up to $1,000 in bonus bets for new users when players sign up with the bonus code.
Essentially, this promotion functions as first bet insurance with bettors getting their complete stake back in bonus bets — capped at $1,000 — if their wager doesn’t win. It can be used on the Home Run Derby, or any other event happening this week.
We’ll explain the additional conditions and qualifications that users must meet to be eligible for this offer in the ensuing paragraphs.
BetMGM bonus code offer, explained
The increased availability of sportsbooks across the U.S. has made first bet offers, more specifically first bet insurance, much more popular. Multiple books offer some kind of first-bet insurance for new users, and BetMGM is no different.
These promotions are solid options for new bettors as they’ll give players a chance to recover from their losses and, potentially, win some money.
Critically though, first bet insurance offers are predicated on the user’s initial wager losing. So, if you get lucky right out of the gate and win your first bet, you will not be eligible for this offer.
New players can click the module displayed below and deploy the BetMGM bonus code TRIBUNEMGM while signing up to get access to this promotion.
Once players have signed up, they’ll need to make a deposit of at least $10 and place a cash wager. Notably, only real money wagers will trigger this offer so any wagers placed with credits or bonus bets will not qualify.
If a bettor’s first wager wins, they’ll naturally keep their stake and collect their profits but will not be eligible for any bonus bets. So, if a new player places a cash wager of $100 on the Giants at +130 against the Padres, and San Francisco wins, that bettor will get $130 in profit and keep their $100 stake.
On the other hand, if that same player’s initial wager loses — meaning San Diego gets the win — that bettor would get $100 in bonus bets. If that cash wager was $500, you’d get $500 in bonus bets, likewise with a $600 wager and everything up to $1,000.
Notably, only cash wagers will trigger this offer so if a bettor placed that same value wager, using bonus bets, on the Giants and San Francisco won, they would collect $130 in profit but would not get their stake returned as bonus bets are only valid for one wager a piece.
Any bonus bets earned from this offer will be distributed within 24 hours of the initial wager settling and will remain valid for up to seven days after distribution. Another critical note, bonus bets cannot be cashed out or withdrawn without being wagered.
BetMGM sign-up information
Prior to signing up with BetMGM, new players should review the conditions outlined below to get the most out of this promotion.
First, this offer is limited to new customers who are at least 21 and present in a legal BetMGM state. While players do not need to be a resident of the state to claim an offer there, they must be within state lines which BetMGM will verify using geolocation data.
If bettors meet all of those criteria, they can click the module above and use the BetMGM bonus code TRIBUNEMGM to unlock this offer.
After they’ve signed up, players need to make a cash deposit of $10 to register their account. From there, they’ll need to place a cash wager to initiate the promotion.
If that initial wager settles as a loss, they’ll get their full stake back in bonus bets — capped at $1,000.
As noted above, any bonus bets earned from this promotion are only good for one wager each and cannot be withdrawn or cashed out without being wagered. In that same vein, bonus bet stakes will not be returned even in the even of a successful wager.
Any bonus bets earned from this promotion will be distributed up to 24 hours after the qualifying wager settles, and will remain valid for up to seven days after distribution.