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BetMGM bonus code YARDNEWS: $1.5K first bet insurance for any game in 19 states

By Ian Firstenberg | Last updated May 30, 2024 10:08 AM ET

BetMGM is one of America's most durable sports betting brands with legal sportsbooks in 19 states (AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY) and a dual offer structure.

If you sign up with the BetMGM bonus code YARDNEWS you can claim a $1.5K bet insurance offer. Otherwise, you can use the BetMGM bonus code YBNEWS1600 to claim a 20 percent deposit match with a $1.6K cap.

While the bet insurance structure is likely familliar to even casual sports bettors, the deposit match offer is structured a bit differently.

Notably, it's a fractional deposit match with a $1,600 cap so you'd need to deposit $8,000 in cash to max out. Similarly, there's a 10x wager requirement within the first 30 days of claiming the promotion.

So if you deposit $100 in cash, you'd get $20 as sports bonuses and would need to wager $200 total over the following 30 days to keep your eligibility.

You can claim either of these offers with the hyperlinks and corresponding bonus codes above, or use the modules below.

Eligibility

Must be 21 or older
New customers only
Minimum $10 cash deposit required
10x wager requirement for deposit match
Sports bonuses function the same as bonus bets
Any credits are valid for seven days from distribution

Sign up steps

Use either of the hyperlinks or modules above to access BetMGM
When prompted put in the relevant bonus code (YBNEWS1600 for deposit match or YARDNEWS for bet insurance)
Input personal details to establish your account (residency not required)
Review and approve T&Cs of your selected promotion
Make a $10 cash deposit to get started
You're ready to wager

Wagering with BetMGM

Since the structure for both offers is so unique, we'll walk through some potential wagers for either in the paragraphs below.

$1.5K First Bet Insurance

Bet insurance promotions are fairly common across the sports betting landscape because they give new players a chance to test the waters while minimizing the potential risks. Any bet requires some risk but with this offer, you'll get some bonus bets back if you lose.

Say you put down a cash stake of $120 on the Stars moneyline at +114. With a win, you'd earn $136.80 in profit plus you'd keep your cash stake. Since you won though, you wouldn't earn any bonus bets.

On the other hand, if you lost, you'd get $120 in bonus bets credited to your account.

The structure of this offer lends itself to a wager on an underdog. If you win, you'll maximize your profit and if you lose, you'll recover the value of your cash stake as bonus bets.

20 Percent Deposit Match — $1.6K cap

Given the unique structure of this offer and the 10x wager requirement, you don't need to push your luck and max out the deposit. Say you put down $100 in cash, you'd get $20 as sports bonuses.

From there you'd need to bet $200 over the ensuing 30 days to maintain your eligibility.

If you wanted to, you could put down the full $200 in one wager, or break it up over the following weeks. As long as you meet that wager requirement, you'll still be eligible.

It's important to note that sports bonus wagers do not count towards the 10x wager requirement.

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 (MA). 21+ to wager. Please Gamble Responsibly. 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). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.

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