BleacherBET
BetMGM, one of the largest sports betting sites in the U.S., offers a huge welcome promo that is available in most sports betting states.
Earn up to $1,500 back in bonus bets if your first bet doesn’t win
This works as a typical first bet insurance that is popular among multiple sportsbooks right now. However, it’s actually the highest dollar amount at $1,500 which makes it exceptional for larger first wagers.
As with all of these types of offers, a win doesn’t get you bonus bets but you’ll profit cash just like any other bet. If the bet loses, BetMGM matches the stake with bonus bets to recover the loss.
It’s only on your first bet on with BetMGM so you can’t win your first bet and then lose the second for bonus bets.
$1.5K First bet on the house
This offer is easy to navigate and plays out two different ways depending on how your first bet goes. With such a high payback amount, it makes sense to use this bet for a larger wager $500 or more.
Let’s say you place $500 on a +250 same game parlay. Here are the two possible outcomes of the promo:
- A win doesn’t earn you any bonus bets but you profit actual cash to withdraw or use on another bet. In this case, you’d earn $1,250 in profit and keep your $500 stake for a total $1,750 in your account.
- A loss means BetMGM deposits $500 over a few different bonus bet payments to recoup your loss
