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The BetMGM bonus code TRIBUNEMGM unlocks a generous First Bet Insurance promotion for new bettors. When players use that bonus code to set up an account they’ll get their first bet covered — up to $1,000 in bonus bets.
Virtually every American sportsbook offers some kind of new user promotion to entice more customers. Typically, these promotions are structured as either a First Bet Insurance offer, like this one, or a Bet and Get.
With the former, new users will get their complete stake back in bonus bets — capped at $1,000 — if their first wager doesn’t win, regardless of market or league whether it’s the U.S. Open or the NFL Preseason.
We’ll go into more detail about the nature of this promotion and highlight the critical sign-up conditions in the ensuing paragraphs.
BetMGM bonus code offer, explained
As noted above, this offer is structured as First Bet Insurance — which requires a user’s first wager to lose in order for them to get the bonus bet allotment.
Basically, a new user will click on one of the modules displayed here and use the BetMGM bonus code TRIBUNEMGM to sign up for an account with the betting giant.
They’ll need to place their first bet in cash to trigger this promotion.
If that first wager wins, they’ll keep their stake and collect their profits. However, if that initial wager goes south, they’ll get their complete stack back in bonus bets — limited at $1,000.
Critically though, once users deploy the bonus code to sign up they’ll need to make a small cash deposit of $10 to register their account and place a real-money (cash) wager.
They can wager as much as they want, up to $1,000, to be covered by the BetMGM welcome offer.
Notably though, only cash deposits and wagers will register the user’s account or trigger this promotion and any deposits or bets placed using credits will not work in either instance.
So, if a new user places a $100 cash moneyline wager on the White Sox at +101 against the Yankees and Chicago wins, that user would keep their $100 stake and collect $101 in profit. They would not, however, get any bonus bets.
If Chicago lost, that user would get $100 in bonus bets that they can use for any additional wager on the platform. This bettor would be covered with any wager up to $1,000.
Any bonus bets earned from this promotion are valid for one wager a piece and thus cannot be withdrawn or cashed out without being wagered first.
BetMGM sign-up information
Before signing up with BetMGM, new users should review the sign-up conditions we’ve outlined below to ensure they make the most out of the promotion.
First and foremost, this promotion is limited to new customers who are present in a legal BetMGM state. While bettors do not need to be a resident of the state, they must be within state lines which the book will verify using geolocation data.
If users meet all those requirements, they can click any of the modules displayed in this article and use the BetMGM bonus code TRIBUNEMGM to sign up for an account. Using that code at sign up will unlock the First Bet Insurance offer.
After that, new users will need to make a small cash deposit of at least $10 to register their account and place a cash wager to trigger this promotion. As noted above, only cash wagers and deposits will work in this instance so any existing credits cannot be used to claim this promotion or register a new user’s account.
If that first wager hits, players will keep their stake and collect their profits.
However, if that first wager doesn’t hit, bettors will get their complete stake back in bonus bets — capped at $1,000.
Any bonus bets earned from this promotion are valid for one wager a piece and cannot be cashed out or withdrawn without being wagered first.
Similarly, 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.