BetMGM bonus code ACTION50 unlocks $1,050 for Thursday Night Football

BetMGM Bonus Code ACTION50 will get new users $50 in free bets, plus a $1,000 risk-free bet on their first bet – an exclusive offer from Action Network.

An important note: using the $50 risk free bet as your first bet forfeits the risk free bet, so be sure to make your first bet using the money you have deposited.

BetMGM has an even better offer if you’re in Kansas, Illinois or Louisiana – bet $10 on the Steelers or Browns moneyline, and get $200 in free bets if the team you’re betting on throws for more a meter ! Use SHAREHOLDER to claim.

Note that offers for new users are not available at BetMGM in New York, Pennsylvania and Mississippi.

Here’s how the two offers work:

How free bets work at BetMGM

Free bets are almost like cash, but they cannot be withdrawn. They can be bet on anything and if they win, they turn into real money in your account.

  • If your free bet wins, you keep the winnings (but not the initial stake of the free bet)
  • If your free bet loses, you end up with nothing

With your $50 free bet (remember, don’t make this your first bet! or you’ll lose the bet risk-free!), let’s say you take Steelers TE Pat Freiermuth to score a touchdown against the Browns at +160.

  • If he scores, you’ll win $80 ($50 x 1.6) but you won’t keep the free bet.
  • If he doesn’t score, you end up with nothing.

Risk Free Betting Bonus at BetMGM

Well, the risk-free bet gets a little complicated. Here’s how it works at BetMGM:

  • If you win your first bet: If the first bet you place at BetMGM wins, you keep the stake and winnings, and it becomes real money that you can withdraw.
  • If you lose your first bet: You get a free bet equal to the amount of your first bet.

But to get $1,000 in free bets, you need to deposit and wager $1,000. If you deposit and bet $350 and he loses, you will get a risk free bet of $350. If you deposit and wager $50, you will get a $50 risk-free bet back.

Also, your first bet must be $1,000 – you cannot choose which of your first ten bets will get the risk-free treatment.

Let’s say you deposit $500 and bet it all on the Steelers moneyline against the Browns – +165 as of Thursday morning on BetMGM.

  • If the Steelers win, you win $825 and keep the original $500. You now have $1,325 in your account which you can withdraw.
  • If the Steelers lose, you get $500 back in free bets, which follow the same rules as outlined above.

If you’re new to sports betting, check out our 12 tips for beginners or how to read US odds.

How does the Bet $10, Win $200 promotion work?

If you are in Kansas, Illinois or Louisiana, use the promo code ACTIONYARD and you will get $200 in free bets once you wager $10 on the Steelers or Browns moneyline. If the team you are betting on throws for more than a yard per pass, you will get the $200.

You can then use that $200 in free bets on any other game this weekend.

If you are in another state, use SHARE50 for a $1,000 risk-free bet and $50 free bets.

BetMGM bonus code details

  • Coded: ACTIONYARD in KS, LA or IL, SHARE50 in other states.
  • Offer details: Deposit and bet $10, get $200 free bet or $1000 risk free bet.
  • Available in: AZ, CO, DC, IA, IL, IN, KS, LA, MI, NJ, NV, TN, VA, WV and WY
  • Offer for: New BetMGM Users

How do I register for BetMGM Sportsbook?

Signing up for BetMGM only takes a few minutes.

  1. Go to BetMGM to register
  2. Enter accurate registration information (name, address, last four digits of SSN)
  3. Redeem bonus code BetMGM ACTIONYARD (KS, IL, LA) or SHARE50 (other states) at checkout
  4. Deposit with your bank account, credit card or PayPal
  5. Make your first NFL bet of $10 or more to qualify for the $200 bonus

Some credit cards do not work well with online sports betting, so bank account transfer is often more reliable.

If you don’t live in a state with online betting but travel to another state, you can still bet. Just be sure to enter all of your correct information (not the address of your Airbnb or a friend’s house). You will only be able to bet within the state limits, but you can withdraw after you leave.

How to use your BetMGM free bets

The best way to use free bets is on long strokes. The higher the line, the higher the expected value you get over time. Our experts have found that there is a sweet spot with lines priced between +300 and +700 in tight markets, which means the gap between the two sides is not too big.

Here are some ways to play Thursday Night Football using your new free bet and risk free bet:

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