BetMGM Bonus Code YBNEWS1600: 20% deposit match usable on any sport

For the first promo, you'll only earn bonus bets if your initial cash wager loses. In that case, you'll recoup the cash value of your first wager as bonus bets. So if you put down $100 and lose, you'll get $100 in bonus bets, and so on.  

That second promotion is a bit different. Firstly, it's a deposit match so you'll get 20 percent of whatever you put down in cash, credited to your account as sports bonuses. There's a max cap of $1,600 so you'd need to put down $8K in cash to reach the max. 

Additionally, the deposit match has a 10x wager requirement. Meaning you'll need to bet 10 times the amount of sports bonuses you receive. Say you put down $4,000 in cash. You'd get $800 in sports bonus (4000 x 0.20). From there, you'd have 30 days to bet $8,000 in total, otherwise you'd forfeit your eligibility. 

The list below should help keep things straight for readers. 

BetMGM Bonus Codes and Offers

YARDNEWS: $1,500 Bet Insurance Offer, available in AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY

YBNEWS1600: 20 Percent Deposit Match with 10x wager requirement, available in AZ, CO, IL, IN, IA, LA, KS, KY, MA, MD, MI, NJ, NC, OH, PA, TN, VA, WV, WY

Signing Up with BetMGM

Eligibility Requirements

- Must be 21 or older to claim either offer

- Only new customers are eligible

- Cash deposit of at least $10 is required to register your account

- Bonus bets can only be used once

How to Sign Up

1. Use one of the hyperlinked codes above or one of the modules to claim either the bet insurance offer or the deposit match offer

2. When prompted, input either YARDNEWS or YBNEWS1600

3. Review and approve the T&Cs of either promotion

4. Input relevant personal details to finalize your account

5. Make a cash deposit to register your account (at least $10), if you claim the deposit match you'll get your sports bonuses credited to your account within an hour

6. You're ready to bet!

Using the BetMGM Bonus Code Offers

Both the bet insurance offer and the deposit match are solid entry points into sports betting. With the bet insurance offer, you'll either hit on your first wager or collect bonus bets. The deposit match gives you a chance to bet with some sports bonuses as you're getting started. 

Say, for example you claim the deposit match and put down $2500 in cash. You'll get $500 as sports bonuses (2500 x 0.2). 

From there, you'll need to bet $5,000 over 30 days to maintain your eligibility. Thus, you can put down the full $500 sports bonuses on the Timberwolves covering the +4 spread (-110). A win would garner you $454.55 in profit. You'd need to bet $4,500 more over the next 30 days. 

On the other hand, you can get the most value out of the bet insurance offer by wagering on an underdog. If it hits, you'll collect a substantial profit. If it loses, you'll get the value of your cash wager as bonus bets. 

For example, if you put down $375 in cash on the Timberwolves moneyline (+153), you'd potentially earn $573.75 in profit and would keep your cash stake. If you lost, you'd collect $375 as bonus bets that could be used for any additional wager. 

Based on the value of your cash stake, you'd get multiple bonus bets. 

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.