With the NFL season in full swing, the baseball playoffs a couple of weeks out and the NBA and NHL seasons not too far away, this is one of the best times on the calendar for sports betting enthusiasts. For those who have thought about dipping their toes into the U.S. sports betting market, BetMGM has a great offer for new customers: A risk-free first bet up to $1,000 using the BetMGM bonus code REALGM.

This is one of the best introductory offers out there in the hyper-competitive landscape of sports betting apps. Not only is your first actual bet covered up to $1,000 if it loses, but the second-chance free bets are broken into five equal amounts on bets of $50 or more, giving you more chances to win cash profits. It’s a single free bet on wagers of $49 or less.

Here’s how the BetMGM bonus code REALGM works.

Cash In With BetMGM Bonus Code REALGM

If you’re ready to give sports betting a try, using the BetMGM bonus code REALGM, just complete these simple steps:

• Click on the link on this site to go straight to the BetMGM app or desktop site and fill in some normal personal and banking information.
• Be 21 or older and be within the state lines of the one where the sign-up is taking place.
• Make a minimum $10 deposit and add in the BetMGM bonus code REALGM.

Once approved, it’s time to scan the BetMGM menu of daily market sports odds and make a choice with that first real-money bet. You can bet as much as you want, but if it loses, you’ll receive up to $1,000 of it back in five free-bet tokens.

BetMGM Bonus Code REALGM Further Explained

Let’s say you put $1,000 on the heavily favored Kansas City Chiefs to win this Sunday against the Indianapolis Colts at the current BetMGM odds of -275. If the Chiefs came through with the expected win at those odds, you would pocket a cash profit of $363.64, plus your $1,000 stake back. 

Unlike others who may be really sweating out the result, you would rest much more comfortably knowing, that if the Chiefs lost, you’d quickly receive $1,000 in free bets with the BetMGM bonus code REALGM.

Those bets would come in the form of five digital tokens worth $200 apiece. While the tokens themselves have no cash value, they play as if they do. All five can be bet separately on anything you choose, with no odds restrictions - which isn’t the case with some online sportsbooks.

With most sportsbook promo codes, a free-bet reward is only in one token - making it an all-or-nothing proposition on the free bet. With the BetMGM bonus code REALGM, if the initial wager was $50 or more, you can make five different bets at various odds. That just ups the chances of success for some real cash profits should they succeed.

Any losing first bet of $49 or under would yield a single free-bet token in that amount. You have seven days to play the free bets. 

Refer A Friend, Get $50 In Free Bets With BetMGM 

BetMGM maintains a large and loyal customer base because of other great deals, like their referral program. Refer a friend with your own personal code and, as long as your friend places a minimum $50 first bet at odds of -200 or greater, you’ll both receive $50 free-bet tokens with the BetMGM bonus code REALGM.

Any existing customer can make up to $1,000 in free bets during the promotional period. It’s a good way to really pile up the free bets, which can lead to big cash profits. With the BetMGM bonus code REALGM, it’s a win-win situation all around.