BetMGM & Caesars Promo Codes: Seize $2.5K Total Value, $1,750 in Kentucky for Wednesday NBA Action, All Sports
Wednesday's batch of opening NBA action — and anything else listed at BetMGM Sportsbook or Caesars Sportsbook — can be wagered for up to $2.5K in return value with the following bonus codes:
- BetMGM bonus code TOPTAN1500 gets a 20% deposit match up to $1,500 in bonus bets.
- BetMGM bonus code ACTIONGET is a $10 wager on anything that will return $200 in bonus bets once the wager settles.
- Caesars promo code ACTION41000 accesses a $1,000 first bet on the house in which if your first wager doesn't hit, you will be reimbursed in bonus bets
- Caesars promo code ACTION4GET is exclusive to Kentucky users. This is a bet $50, get $250 offer. So your first wager must be $50 or more and regardless of its result, you will get $250 in bonus value once it settles.
Both BetMGM offers are available in all of its live states except for New York or Washington D.C. Caesars promo code ACTION41000 can be used in every live Caesars state.
Sportsbooks have several formats of sign-up offers they use. We highlighted the differences for those unfamiliar with the jargon.
You can read further to understand the details of these specific offers and what bonus bets can do once you've obtained them.
A Guide to the BetMGM Bonus Codes
BetMGM's larger valued offer comes in the form of a deposit match. These are sportsbook offers in which you get a fraction of whatever amount you deposit into your account in bonus bets.
BetMGM bonus code TOPTAN1500 gives you 20% of your initial deposit. You could deposit $1K and have $200 in bonus bets ready for the evening's first set of tipoffs at 7 p.m. ET.
The maximum amount you can deposit in order to get bonus bets from this offer is $7.5K; if you go above that amount, you will not have the 20%.
This also has a 10x rollover on the bonus amount, so you must wager 10 times the amount of bonus value you got over your first 30 days with BetMGM.
It sounds like a lot and perhaps not worth it, but it's actually not. DraftKings’ deposit match has a 25x rollover, which you’re bound to lose all of while trying to hit the requirement.
If you were to place 20, $100 bets to hit the rollover — all of which on basketball point spreads each priced at -110 — here are two ways of thinking:
- You go 11-9 and net about $100 in profit, plus you’ll get the $200 free from BetMGM. You’ll now have $1,300 in your account off a $1,000 deposit.
- You go 10-10 and lose about $91 from those bets, but still get the $200 in free cash for a total profit of $109.
If you decide for a quick bonus grab that requires less money for higher return, BetMGM bonus code ACTIONGET is the move.
You would place a minimum $10 wager on any Wednesday sport or market and the $200 in bonus bets will guaranteed once the bet settles.
Caesars Promo Codes, Explained
A first bet on the house is a safety net. Caesars promo code ACTION41000 allows new users to place a first bet of up to $1K and if it loses, Caesars will match that amount in bonus bets.
Say you deposit $1K and bet it all on the Rockets to beat the Magic at +148. If Houston wins, you would net a $2,480 payout and the offer is complete. In the case Orlando wins, you would get $1K in bonus bets back from Caesars.
Caesars promo code ACTION4GET is similar to the "bet-get" offer that BetMGM has. It just requires a higher minimum of $50 and it returns $250 in bonuses guaranteed.
What Are Bonus Bets?
We always tell readers to bet longer odds with bonus bets. Here’s a breakdown from our bonus offer betting guide that explains why it's impossible to have an advantage over the sportsbook by betting the favorite rather than the underdog.
Example 1: You’ll win $20 if the $50 bet credit wins. The probability a -250 favorite wins is 71.43%.
The EV, in this case, is 71.43% x $20, which equals $14.28. So over an infinite number of bets, that $50 will be worth just $14.
Example 2: Now let’s bet a +250 underdog with a $50 bet credit.
You’ll win $125 if it wins, and you can expect the bet to win 28.57% of the time.
The EV, in this case, is 28.57% x $125, which equals $35.71. So over an infinite number of bets, that $50 will be worth $35.71.
Let's say we wanted to take the Pistons at +338 moneyline odds over the Heat on Wednesday. We place $100 in bonus bets on them to either a) get a $338 payout of real cash we can withdraw or b) profit $0.
We never keep bonus bets and different sportsbooks have varying expiration dates.
How to Sign Up With BetMGM
- 21+ in all states, including Kentucky, which by law is 18+, BetMGM maintains 21+ there.
- You are located physically in a betting state when signing up. You don't have to be from there, but you have to be physically present.
- Accept the app's Terms & Conditions, set security questions, and confirm your age and eligibility. You've created your account!
- Make an initial deposit using online banking, PayPal, a credit card, or another funding option.
- You will get your first deposit matched up to $1,500 in Bonus Bets (20%) with the BetMGM bonus code after successfully navigating the BetMGM login process.
How to Sign up With Caesars
1. to visit Caesars' website and press "Bet Now" to enter the Account Registration flow.
3. Agree to the Terms & Conditions and submit. Caesars will verify your account details. Now, your account has been created.
4. Deposit at least $50 with funding options, including PayPal, Visa, and your bank.
5. Place your first bet.
21+. Gambling problem? Call 1-800-GAMBLER. CO, DC, IL, IN, LA, MD, MS, 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). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in DC, Nevada, New York or Ontario.
