BetMGM bonus code TRIBUNEMGM unlocks $1K offer for Saturday CFB kickoff, any other game
The current BetMGM Sportsbookbonus code TRIBUNEMGM unlocks a brilliant First Bet Insurance offer for new bettors. Readers who use that bonus code when signing up for an account BetMGM can get their initial bet covered with up to $1,000 in bonus bets.
Most American sportsbooks offer some kind of welcome promotion typically in one of two forms: Bet and Get offers or First Bet Insurance offers. This BetMGM promotion is structured as a First Bet Insurance promotion.
So, users will get 100 percent of their stake back in bonus bets — capped at $1,000 — if their initial wager doesn’t win.
We’ll elaborate about the nature of this promotion and highlight the important sign-up conditions in the ensuing paragraphs.
First Bet Insurance offers allow a user to wager freely when they sign up and get their entire stake back if their first wager doesn’t pan out.
bonus code TRIBUNEMGM and place cash wager to trigger this promotion.
The wager can be any value — up to $1,000 — and will still be covered by this promotion. Critically though, the wager must be placed with cash rather than existing credits.
If that first wager wins, the user will pick up their profits and keep their stake. However, if that initial wager goes south, bettors will get their entire stake back in bonus bets that can be used for any additional wager on the platform.
As noted, there is a cap of $1,000 on this promotion so any wagers above $1,000 will not be covered.
Notably, once a new user signs up using that bonus code they will need to make a small cash deposit to register their account.
After that, they can place any wager up to $1,000 and be covered.
For example, if a bettor in Indiana put $220 cash on the Bears at +120 against the Bills and Chicago won, that bettor would collect $264 in profit and keep their stake, but would not earn any bonus bets.
On the other hand, if the Bears lost, that bettor would get $220 in bonus bets. If that user placed a wager of $420, they’d get that amount in bonus bets, and so on, up to $1,000.
Bonus bets are distributed proportionally, based on the user’s initial stake. Any wager of $50 or more will earn a user multiple bonus bets of equal value, while any wager of less than $50 will earn a user one bonus bet equal to their initial stake.
Any bonus bets earned from this promotion are valid for one wager a piece and thus cannot be withdrawn or cashed out without being wagered first.
Before signing up with BetMGM Sportsbook, new users should go over the conditions outlined below to make sure they get the most out of this First Bet Insurance offer.
Critically, this promotion is limited to new customers who are at least 21 years old and present in a legal BetMGM state. While users do not need to be a resident of the state, they must be present within state limits which the book will verify using geolocation data.
If the new bettor meets these requirements, they can click on any of the modules displayed throughout this piece and use the bonus code TRIBUNEMGM
That bonus code will also unlock the First Bet Insurance offer for new users.
After that, a user can wager up to $1,000 and still be covered by the BetMGM First Bet Insurance promotion. When that first wager settles as a loss, they’ll get their complete stake back in bonus bets.
Bonus bets earned from this promotion are valid for one wager a piece and cannot be cashed out or withdrawn without being wagered first.
Likewise, any bonus bets earned from this offer will typically be distributed within 24 hours after the qualifying wager settles and will remain valid for up to seven days after distribution.
