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New York Post readers can get their hands on a $1,000 risk free bet and $50 free on sign-up. Use the bonus code NPBONUS50 when signing up to BetMGM, and make your first sports bet risk-free on NFL Week 7.
BetMGM’s new customer offer gives new users a brilliant risk-free first sports bet up to $1,000. By using the BetMGM bonus code NPBONUS, you are able to take advantage of this fantastic offer, ahead of Week 7 of the NFL season.
This means that if your wager wins, you keep the winnings, but even if it loses, you will get your entire stack back as free bets.
BetMGM’s sign-up offer is one of the most competitive out there, providing new customers with a great welcome to life with BetMGM.
How do NFL odds work?
Vigorish, often referred to as vig for short, refers to the amount that a sportsbook charges for facilitating a wager. Also known as juice, this is part of how books make their money and also the reason why winning bets won’t necessarily lead to a doubling of your stake.
The best visualization for the vig comes via the typical odds for NFL spread and total wagers. At most sportsbooks, the default odds for these two bet types are -110, which will adjust after the initial release in response to betting action and injury news.
If you placed a winning $110 bet at odds of -110, you’d receive back winnings of $100 plus your stake, or 90.9% of your initial wager. The difference between doubling your money and that is the vig of $10, or 9.1%.
The amount of the vig will vary by the odds, so many seasoned handicappers will shop around to find the best prices. The difference between odds of -105 and -110 may not seem like much, but those slight ticks of difference impact the potential return over the course of an NFL season.
To further conceptualize the vig, consider that spread and total bettors at standard odds of -110 need to win about 52.4% of their bets just to break even and cover the juice. The vig for other bet types isn’t quite as clear-cut, but the books certainly factor it into the overall equation.
What is the BetMGM bonus code?
| BetMGM Bonus Code | NPBONUS50 |
| BetMGM Sportsbook Promo | $50 Free on Signup + Risk Free First Bet up to $1,000 |
| Sportsbook Promo T&C’s | New Customers only. Must be 21+. CO, DC, IA, IN, MI, NJ, NV, PA, TN, WV, IA, VA, WV, WY only. Full T&C apply. |
How to use your BetMGM bonus code
- Click above to use the BetMGM bonus code.
- Register your details and read the T&Cs.
- When asked for a bonus code, enter NPBONUS50
- Claim $50 free on sign-up
- Make your first deposit up to $1,000.
- If your first wager wins, the withdrawable money will appear in your balance.
- If your bet loses, your free bets will be in your account within 24 hours.
- Free bet funds must be used within seven days or they will expire.
Refer a Friend with BetMGM
21+.NY, CO, DC, IA, IN, MI, NJ, NV, PA, TN, WV, IA, VA, WV, WY only. T&Cs apply.
One of the easiest ways to get yourself a load of free bets is through BetMGM’s very generous “refer a friend” scheme. BetMGM allows bettors to refer up to 20 friends, with both getting a $50 bonus. Your friend will need to make their first deposit and place their $50 bonus on any sport at odds of -200 or greater in order for you to claim your bonus.
This story originally appeared on NYPost
