.png)
If you’ve ever hesitated before placing your first sportsbook wager, BetMGM’s First Bet Offer is designed to remove that fear entirely. This promotion gives new customers a powerful safety net: if your first bet loses, you’ll receive your stake back in Bonus Bets, up to a generous $1,500. It’s a simple idea with massive upside—real action, real excitement, and a second chance built right in.
Getting started is refreshingly straightforward. New users simply sign up with BetMGM, make a qualifying deposit, and place their first wager using the First Bet Offer token. Should that initial bet come up short, BetMGM will refund the amount you staked in the form of Bonus Bets. Those Bonus Bets can then be used to place additional wagers, giving you another shot at turning the action into winnings.
The offer is available to new BetMGM Sportsbook users who are physically located in a jurisdiction where BetMGM operates and are at least 21 years old. A minimum deposit of just $10 is required, making the barrier to entry extremely low. Once your account is funded, you’ll receive a First Bet Offer token that can be applied to any sports wager. This token is valid for seven days after registration, so timing matters—you’ll want to place your qualifying bet within that window to remain eligible.
The beauty of this promotion lies in its flexibility. The First Bet Offer token can be used on virtually any sport and any market available on BetMGM, with minimum odds of -10,000. Whether you’re betting on football, basketball, hockey, baseball, soccer, or a niche international event, the choice is yours. You can place a modest wager to test the waters or go bigger—up to $1,500—to maximize the value of the offer.
If your qualifying bet wins, you simply keep the winnings as normal. There’s no catch, no rollover requirement tied to the original wager, and no downside. If the bet loses, that’s when the insurance kicks in. BetMGM will credit your account with Bonus Bets equal to the amount you wagered, up to the $1,500 cap, once the wager has settled. These Bonus Bets typically appear within 24 hours, allowing you to get right back into the action.
It’s important to understand how Bonus Bets work. Bonus Bets are promotional credits that can be used to place additional wagers, but they cannot be withdrawn or cashed out directly. When you place a bet using a Bonus Bet and it wins, you’ll receive the net winnings, while the Bonus Bet stake itself is not returned. If the Bonus Bet wager loses, the Bonus Bet is forfeited. Bonus Bets must be used within seven days of being credited, so they are meant to keep the momentum going rather than sit unused in your account.
The structure of the Bonus Bets depends on the size of your original wager. If your qualifying bet is $50 or less and it loses, you’ll receive one Bonus Bet equal to the full amount of your wager. If your qualifying bet is greater than $50 and it loses, BetMGM will issue five Bonus Bets, each equal to 20% of the original stake. For example, a $1,000 losing qualifying bet would result in five $200 Bonus Bets, giving you multiple chances to place smart follow-up wagers instead of putting everything on one outcome.
This offer is strictly limited to one per customer, account, household, IP address, and device, ensuring fairness and integrity. Once you claim the First Bet Offer, you won’t be eligible for other BetMGM new-customer sports promotions. That makes it especially important to plan how you’ll use it. Many bettors choose a confident but not overly risky first wager, knowing they’ll either win outright or get a second opportunity via Bonus Bets.
Certain actions will void eligibility for the promotion. If you cash out your qualifying bet early, edit it after placing it, or have it canceled, the First Bet Offer will no longer apply. To remain eligible, your qualifying bet must be placed and settled normally using the First Bet Offer token, without any modifications or early cash-outs.
The promotional period for this offer runs from August 28, 2025, through February 9, 2026, unless BetMGM decides to terminate it earlier. Accounts created outside this window are not eligible, even if the First Bet Offer appears visible in the app. As always, BetMGM reserves the right to verify eligibility and to restrict participation based on wagering patterns, account history, or regulatory requirements.
Registering with BetMGM is a standard process that includes identity verification. New users must provide accurate personal information, including name, date of birth, address, and Social Security number, to comply with legal and regulatory standards. If you already have a BetMGM account through their Casino or Poker platforms, you can log in using your existing credentials without creating a new account.
One of the strongest aspects of this promotion is that it applies to virtually all sports and bet types. Straight bets, parlays, and same-game parlays are all eligible when using Bonus Bets, though each Bonus Bet can only be used once and cannot be split across multiple wagers. Bonus Bets also do not count toward qualifying for other promotions unless explicitly stated.
BetMGM emphasizes responsible gambling throughout the offer. Players must not be on any exclusion or self-exclusion lists, and help resources are clearly provided for anyone who may need support. Gambling should always be viewed as entertainment, and the First Bet Offer is designed to enhance enjoyment by reducing the risk associated with your very first wager.
In short, BetMGM’s First Bet Offer is one of the most player-friendly welcome promotions available. It allows new bettors to jump into the action with confidence, knowing that their first move is protected. Whether you win immediately or get a second chance through Bonus Bets, the structure ensures value, flexibility, and excitement from day one. If you’re looking for a smart, low-risk way to start betting on sports, this offer delivers exactly that—big potential, minimal downside, and plenty of room to play your way.
