BetMGM Sportsbook Review

♏ Now regarded as one of the elite bookmakers of the US, BetMGM captivates both newcomers and seasoned punters with its diverse array of offerings. In this comprehensive BetMGM review, I unveil everything that makes this bookmaker a standout choice.

BetMGM Short Overview

BetMGM Sportsbook Short Overview

While BetMGM boasts a casino product, the bookmaker is revered for its robust online sportsbook. There are some subtle differences depending on the state, especially when it comes to promotions, but over 20 sports make up their sportsbook.

🐭 While popular markets that involve the NFL betting, NBA, NHL, and MLB take priority, BetMGM does a fine job of ensuring all needs are satisfied, also impressively covering more niche sports such as cricket and rugby union.

Is BetMGM Sportsbook a Legit Platform?

Since being established in 2018, BetMGM has become one of the US leading online sportsbooks🍰. It’s currently legal in 22 states — each with its own regulator, and it has recently opened operations in the UK.

In summary, BetMGM is very much a legit platform, so rest assured that your betting experience is both safe and secure.

BetMGM Legal States

ꦅ As of January 2024, BetMGM is legal to some capacity in 22 US states (listed below), with North Carolina set to become the 23rd.

Can You Claim Real Money at BetMGM?

⭕ BetMGM is a safe, licensed sportsbook, so you can deposit funds, place bets, and withdraw money through an array of available payment methods.

🍎 However, it’s worth noting that on some occasions, some winnings — especially with ongoing promotions — may be paid out via bet credits, which you can then use on BetMGM’s sportsbook/casino to potentially win real money. Whether payments are made in bet credits or real cash will be clear within the promo’s terms and conditions.

How Does BetMGM Work?

༺ Like with any bookmaker, you need to create an account, deposit funds, place wagers, and, hopefully, win money! Presuming BetMGM is legal in your state, creating an account is very simple, and once you’ve been verified, you’ll be clear to start betting.

By depositing funds into your account, you should be able to take advantage of BetMGM’s generous welcome bonus🐓 — which I’ll soon discuss. This promotion gives new customers a great chance to kick-start their BetMGM journey with a bang!

ꦅ Navigating through the bookie’s sportsbook is easy enough. A promotions slider at the top denotes all of BetMGM’s current offers, while an A-Z menu of the sports offered runs down the left-hand side of the homepage. Once you’ve found an event/market you fancy betting options on, you’ll then go through the slick and quick betting process.

How To Read BetMGM Odds

The bookie uses American sports betting oddsﷺ, displayed as a plus or minus — e.g. +1000 or -180.

♓ The plus odds is the amount you’d win on a $100 bet. So, using the above example, $1,000 — not including the stake. Minus odds show the amount you’d wager to make $100 in profit. With odds of -180, you’d have to stake $180.

Sports Leagues on BetMGM

👍 BetMGM boasts an impressively comprehensive sportsbook with a multitude of different sports leagues available to bet on.

As you’d expect, their coverage of the major American sports leaguesꦅ such as the NFL, NBA, MLB, NHL, and MLS, is stellar. Their sportsbook promotions often center around these leagues, and the bookie also does an excellent job of catering to state-specific needs. For instance, during the NFL season, New York bettors can enjoy tailored odds boosts on available games.

Moreover, the PGA Tour is covered in impressive depth, with BetMGM also offering an array of futures markets of golf majors. Tennis and UFC❀ are also highlighted on the bookie's homepage, where odds for upcoming daily tournaments and cards are presented.

BetMGM Pros & Cons

BetMGM Promotions

▨ Here are some of the best current promotions offered by BetMGM, including their new customer offer:

Bet $5 Get $158 Instantly in Bonus Bets

🃏 BetMGM has prepared one of the top offers for new bettors — Bonus Bets promotion.

After entering the promo code ‘BOOKIES’🍌 during registration, you’ll be eligible for this offer. All you then need to do is deposit a minimum of $5 and place your first wager on any BetMGM sports market to instantly receive the rather random figure of $158 in Bonus Bets. These bonuses will be awarded as two $50 bets and one $58 bet.

🍷 You’ve got seven days after registration to qualify for this bet offer, and five days to use your bonuses. This is a mightily generous offer given the low qualifying bet stake and the fact that you receive your bonuses instantly!

Same Game Parlay Insurance

꧋ BetMGM may not have pioneered the rise and subsequent prominence of the Same Game Parlay (SGP) bet type, but it’s nonetheless a part of their promotions package.

🗹 A little quirk they’ve introduced is an insurance element to the popular SGP. The insurance essentially means you can still win if your SGP loses. SGP insurance is available on NFL and NBA games, but your bet must boast odds of at least +400 to qualify.

🌸 If your bet wins, you win! However, if just one leg of your SGP lets you down, BetMGM will give you your stake back in Bonus Bets as compensation.

Odds Boosts

🌠 There’s nothing particularly exciting or unique here, with every top-level bookmaker offering some sort of boosted odds promo.

🅷 BetMGM’s is once again sport specific. Their Boosted Odds Token, which can increase your payout by 25%, 33%, or 50%, is offered on matches from various major sports leagues, depending on the time of year.

BetMGM Refer a Friend

♋ This is such a simple way of earning credits to spend on the bookie's sportsbook or casino.

☂ A Refer a Friend invitation will get the ball rolling. Once your friend has signed up, been verified, and met BetMGM’s wagering requirements, you’ll each receive a bonus on the product they signed up for. You can refer up to 20 friends, all of which come with a $50 sports or casino bonus.

ܫ If they sign up for poker, you’ll each receive up to $1,000 in bonus amount and $75 for tournament play.

💜 For more similar offers, you can always visit the Promotions page on the BetMGM website.

BetMGM Bet Types

♉ Here are some of the most popular bet types offered by this bookmaker:

Spread

🔴 Spread betting is immensely popular among US bettors, and BetMGM’s markets are laden with markets of this kind.

The point spread (what oddsmakers think the margin of victory will be) is the number of points a team must win by for the bet to pay out𝕴. The favourite will have a “-” next to their points spread, while the underdog will have a “+“.

𒀰 For example, if you’re betting on the NBA and BetMGM have the San Antonio Spurs at +10.5 to beat the Houston Rockets, the Spurs would need to win by 11 points or more for your bet to be a winner (if you backed the Spurs).

Moneyline Bets

If you make a moneyline bet, which is the simplest form of sports bet, you’re betting on that team to win the contest🦂 — there’s no margin of victory involved. Your payout for such a bet will depend on how much a team is favoured or overlooked (underdog).

Totals

Totals betting takes away the need to bet on the outcome of a featured game. With this bet type, you’re betting on how many points🐽 will be scored in the game. BetMGM sets a line, and you have to choose whether more or fewer points will be scored than that line.

꧟ Let's say you back the under on a game between the Cleveland Browns and Baltimore Ravens and the line is set at 39.5, these two teams must combine to score fewer than 39 points for your bet to win.

Props

✃ A prop bet is another bet type that doesn’t focus on the outcome of a sporting event.

These bets can focus on many events♈ that could occur in a sporting event, including the performance of a particular BetMGM player. For example, you might want to bet on how many yards Joe Burrow will throw for, or how many touchdowns Deebo Samuel will score in one game.

💎 There are other types of prop bets, including team props. With these bets, you’re wagering on the team in question to hit a certain target within the game. For instance, you might back a particular team to score X amount of field goals in the first quarter.

Parlays

A parlay bet (or ‘accumulator' in the UK) relies upon multiple bets꧑ (‘lines’) winning. All it takes is one leg to let you down for your parlay to be a losing bet.

However, these bets typically garner longer odds and larger payoutsౠ. Parlay odds are calculated by multiplying each line’s odds sequentially. Thus, the more lines you add, the longer the odds and the bigger the payout.

🦄 BetMGM also offers Same Game Parlays, allowing you to combine multiple bets on one sporting event into one big bet.

Live Betting

If you didn’t have the time to place a pre-match bet, or live betting is merely your preference, BetMGM allows you to place in-play wagers⭕ from tip-off to the final buzzer. The bookie’s live coverage makes for an easy, user-friendly experience, with their in-play markets easy to access.

ꦰ BetMGM offers live markets on an array of sports, with popular leagues such as the NBA and NFL particularly popular for live betting. The length of time football and basketball matches go on for means there are plenty of live betting opportunities.

Futures

♎ In these long-term bets, you’re betting on the future outcome of a sporting event. For example, you can bet on the Super Bowl winner before the season begins and throughout the season. If you’re bullish on a franchise early on, make the most of it and place your bet before their odds shorten as the season progresses.

BetMGM Payment Options

🌺 The bookmaker's available payment options may differ from state to state, but the following are generally found across all states.

Banking Methods

𓆏 While there are some anomalies, the minimum deposit for all these options is $10 when betting at this bookie.

Withdrawals

ও We’d always recommend you use the same payment option for both depositing and withdrawing with BetMGM. However, you can’t directly transfer funds to a debit/credit card.

꧂ Below are available betting options for withdrawal at BetMGM:

The minimum withdrawal for all methods is $20, while the maximum differs by the options. There are no fees associated♒ with any withdrawals, which are typically processed between one to five banking days.

BetMGM Mobile

🍸 BetMGM’s mobile is available to download on Apple and Android via the App Store and Google Play respectively. The BetMGM casino app is only available for those that reside and are betting from within the states the bookmaker operates.

𝓰 The bookie’s comprehensive sportsbook is condensed into the betting app, which functions at the utmost efficiency. No features are left out. Livestreams of major sports leagues across the globe are accessible, with casual bettors also being able to enjoy an array of betting features such as odds boosts and cash-out to enhance their betting experience.

How To Sign Up for BetMGM

🍒 Signing up and creating an account with BetMGM is a quick and straightforward process. Here’s a step-by-step guide:

1. ಌVisit the BetMGM sportsbook app and select the state in which you currently reside.

2. Click the ‘Register’ button.

3. ♌Register using a valid email, then create a password.

4. ꦍAlternatively, you can use your PayPal or Yahoo Sports account to register.

5. 🐼Follow the simple registration steps in which only basic information is required.

6. Tick the T&Cs box if you agree to the terms.

7. 🌺Undergo the verification process to confirm your identity — you’ll need to send BetMGM a document (passport, driving license, etc.). You’ll also need to provide the last four numbers of your SSN.

8. 💛Once verified, you’re ready to fund your BetMGM account and start placing wagers from mobile app or desktop site.

BetMGM Support Team

ꦆ BetMGM offers several customer support options which differ by the state. Each state has their own separate phone number and email address for users to contact.

ജ Their phone lines are typically available between 11:00 and 20:00 (ET). There’s also a BetMGM Horse Racing line/email to contact, as well as the bookie’s Corporate HQ.

Moreover, bettors can contact the bookmaker via their live chat feature. This service, like email, is available 24/7 for immediate support.

BetMGM Partnerships

𒈔 The bookmaker itself was brought about thanks to a partnership between global hospitality and entertainment company MGM Resorts International and Entain Holdings — a gambling company based on the Isle of Man.

🦩 Since its launch in 2018, BetMGM has gone into business with all sorts of partners. In 2019, they signed a deal with Buffalo Wild Wings sports bar to bring BetMGM’s digital platform to more players. Later that year, they’d sign a historic agreement with Yahoo Sports as the pair became exclusive sports betting partners.

ꦚ BetMGM has also established relationships with major US sports franchises and leagues. In 2023, they extended their agreement with the National Hockey League (NHL) to continue as the league’s official sports betting partner.

🎉 They have also signed deals with an array of teams such as the Baltimore Ravens, Pittsburgh Steelers, Las Vegas Raiders, and New York Jets from the NFL, the MLB’s Boston Red Sox, New York Yankees, and LA Dodgers, as well as the NBA’s Philadelphia 76ers. Such partnerships help curate VIP experiences for BetMGM users.

🍌 Jamie Foxx, Barry Sanders, and ‘The Great One’ Wayne Gretzky are among several high-profile brand ambassadors.

Responsible Gambling on BetMGM

🅺 BetMGM place a strong emphasis upon responsible gambling, offering a dedicated guide with a long list of tips for avoiding problem gambling.

The bookie allows its users to set deposit and spending limits🃏 as well as other restrictions to lower the risk of gambling addiction.

♕ Another resource is available on the BetMGM site, which offers a self-assessment test and a list of signs of a gambling disorder. An array of additional help links is also supplied for several states in which the bookie operates.

BetMGM Casino Review

⛦ BetMGM separates their casino and online poker products, with only a few US states legalizing both. As a result, these products aren’t anywhere near as prominent or popular compared to BetMGM’s sportsbook.

🐎 Despite the reduced prominence, the bookie’s casino is sophisticated. A myriad of online casino games such as online slots, table games, live dealer games, card poker are supplied, with quick payouts encouraging customers to play. In some cases, monster jackpots in excess of $2m are in play.

Moreover, new customers can enjoy a generous welcome offer which is a 100% bonus on your first deposit — up to $1,000 or $2,500 depending on the state.

ಌ Casino players can also access the MGM rewards program — a system used in all land-based casinos. All your stakes and wins contribute points to the program which can then be converted into cash bonuses or lucrative real-life experiences.

Where Is BetMGM Online Casino Legal?

⛦ While BetMGM’s sportsbook is legal in over 20 states as well as Washington DC, their casino product is legal in only four. Bettors in New Jersey, West Virginia, Michigan, and Pennsylvania can take advantage of BetMGM Casino, but nowhere else.

ꦑ BetMGM Poker has not yet been legalized in West Virginia.

Resources

ThePuntersPage Final Say

🐠 This BetMGM review has detailed the extremities of the platform — one of the US’ most popular bookmakers. With its comprehensive sportsbook, litany of state-specific promotions, and array of efficient services, it’s easy to gauge why BetMGM has gained such an esteemed reputation in short order. This is an operator I’d recommend to anyone who can access it.