BetMGM Sportsbook Review

Pros

• The advantages include in-house odds as well as some of the most advantageous live betting odds.
• Provides active players with a free $10 bet once each week for as long as they continue to participate in the game.
• Some of the top gaming alternatives are available owing to their extensive background in resorts and casinos.
• Live to broadcast of a wide variety of sporting sports

Cons

• When you’re on a heater, adjust your restrictions more liberally than usual.
• Your funds might be frozen if your account is randomly reviewed.
• Some of the worst customer service in the industry.

Bonuses

1,000 Risk-free Bet

You will get five (5) FreeBets back in equal denominations of 20 percent of the entire value of the qualifying bet up to $1,000 if your first qualifying bet loses and it is in an amount that is larger than $50. The maximum amount that may be refunded is $1,000. You will get a single FreeBet back in a single denomination equal to the whole value of the qualifying bet if your qualifying bet comes in at less than $50. This FreeBet will be returned to you in the event that your qualifying bet comes in at less than $50. Example: If you put a qualifying bet of $1,000 and your bet is unsuccessful, you will be rewarded with five (5) free bets at $200 each. If you lose a bet that you placed for $49, you will receive a free bet for the same amount. FreeBets have to be utilized within seven days after being credited to your account in order to avoid losing them. Each FreeBet may only be used to make one straight bet or one parlay bet; they cannot be divided up and used for multiple other types of bets.

Bonus for New Users

When you sign up for a new account at a sportsbook, the welcome bonus will often come in the form of either a risk-free bet or a match on your initial deposit. BetMGM provides new users with an average sign-up bonus consisting of a risk-free bet of $1,000. It’s a significant increase from the meager price of $600 that they were selling for a time.

You will only receive a refund for the risk-free bet if your initial bet was unsuccessful, and they will match your initial bet up to a maximum of $1,000. It is wonderful that there are no limits on the minimum or maximum odds that may be placed on your first bet, as those are typically included in sign-up bonuses. Although this is a commendable insurance policy, it does not compensate you in any way if your first bet is successful. Because of this, deposit matches are typically somewhat more tempting than other types of bonuses.

The problem with deposit matches offered by other sportsbooks is that they typically only match a certain percentage of your first deposit (typically around 20 percent), up to a certain amount. This means that you will need to make a first deposit of approximately $5,000 in order to qualify for the maximum bonus. Therefore, the benefits of signing up are rather limited in every respect. It’s just not true that online sportsbooks give away huge sums of free money as frequently as their advertising indicate.

Promotions and Competitions That Never Stop

BetMGM is on par with other market leaders in terms of the breadth and depth of its offering of ongoing event and sport-specific promotions. They provide parlay insurance and odds increases for particular leagues or games, in addition to risk-free bet tokens in the event that certain proposition bets, like on who will score the first touchdown in a game, are deemed to be losing wagers.

Visit the official BetMGM promos page for the most recent list of available offers. Because promos are state-specific, it is possible that you will see products being advertised publicly that are not available in your state. The following are some instances of the ongoing promos that they offer.

The Monday Club for Money

If you made at least $50 worth of qualifying bets during the previous week, you will be eligible to get $10 in free bets every Monday as a member of the Money Monday Club. Joining the club is free and you may do so by opting-in inside your account. You will receive a $10 free-bet bonus each and every week, regardless of whether you won, lost, or were even during the preceding week.

Reigning Supreme Over the Weekend

If you play King of the Weekend, you have the chance to win a cash prize of up to $50,000 without making any bets. During the course of the NFL season, you have the opportunity to win $50,000 by correctly predicting the six teams that will score the most points in a set of five games each week. Even if you don’t get all six in sequence, you still have a chance to win $1,000 in cash and up to $250 in free bets if you beat out the other games in the competition.

8-bit Barry

This is undoubtedly one of the most interesting and original interactive promos that the industry has to offer. In this fully free-to-play game, you may pay respect to the classic video games of the ’90s as well as the renowned running back Barry Sanders. If you score a touchdown, you will earn a risk-free token that can be used for online betting at BetMGM, as well as a free bet, a boost for your parlay, or a parlay boost. You have the opportunity to play in each and every week of the football season.

Summary

Principal Attributes

• The ability to live broadcast a wide variety of sports in real-time.
• Daily odds boost for the most popular sports, but little benefit due to modest maximum bets allowed on boosts.
• A possible referral bonus of up to $1,000 (at a rate of $50 for each referred player who goes on to make a deposit)
• Option to cash out early.
• The Parlay Plus promotion allows you to win up to 40 percent extra on successful parlays if you create a parlay with four or more legs and use any of the eligible sports or events.
• Overtime Insurance for the NFL: If your money line or point spread NFL wager is graded as a loser during overtime, you will get $25 in free bets returned to your account.
• Play-by-play features that give you the opportunity to guess the result of a single at-bat or drive.

In What States is BetMGM Available?

At the moment, the list includes states such as Michigan, Nevada, New Jersey, Iowa, West Virginia, Indiana, Tennessee, Colorado, Virginia, Pennsylvania, Mississippi, New York, Louisiana, and Arizona. The number of states on the list continues to expand. BetMGM, which ranks among the top five sportsbooks in the United States, has a broad reach across states in which gambling on sporting events is already legal, and it will continue to be one of the first books established for new states. This is one of the reasons why BetMGM is consistently ranked so highly.

BetMGM Offers Wagers on a Variety of Sports

BetMGM offers betting on pretty much every sport under the sun, including those on which you might have an interest. Their alphabetical list features sports such as alpine skiing, badminton, baseball, basketball, biathlon, boxing, cricket, cross-country skiing, cycling, darts, football, Formula 1, golf, handball, hockey, lacrosse, mixed martial arts (MMA), NASCAR, pool, Rugby League, Rugby Union, snooker, soccer, table tennis, tennis, volleyball, and water polo. A “specials” section that includes cross-sport parlays is also available on their website.

BetMGM Offers Quality Betting Odds

BetMGM, which is powered by the software developed by Entain, offers odds that are very typical. They will sometimes be the first to start the market or one of the first sportsbooks to give lines on key sports, which means that working with them might provide you with books to get an edge at an earlier stage. Additionally, on their live betting platform, they are regarded for having some of the most competitive odds in the industry.

BetMGM Offers an Outstanding Betting Experience Both Online and on Mobile Devices

On all of their platforms—desktop, smartphone app, and mobile—BetMGM provides an experience that is about par for the course. Although the majority of users claim that its functionality is slower than those of competitors like DraftKings and FanDuel, this perception is typically subjective and dependent on the users’ actual internet speeds. BetMGM has a search function, which is helpful given that many books do not have this essential feature available to their readers. Unfortunately, it can be unstable, which makes it more difficult to locate certain bets such as player props.

BetMGM provides a single app for use in each region, despite the fact that their internet network provides distinct platforms for each state. Mobile notifications for games on which you are now active are a feature that users really like using. On the Apple App Store, its mobile app has a rating of 4.8 out of 5, however on Google Play/Android, it only has a rating of 2.9 out of 5.

Live Betting

BetMGM appears to typically succeed in this area, which is important to many users because it involves live betting and live streaming. Their odds are often considered to be among the finest available for live betting. They also provide a large selection of in-game player props, which is a feature that is not offered by many online sportsbooks. Their user interface isn’t the ideal, but if you use their platform frequently, navigating it will get simpler.

BetMGM also offers a variety of other gaming options.

It should not come as a surprise that BetMGM provides one of the top online casino platforms available in the market given that the company got its start in the gaming and hospitality casinos. Late in 2021, BetMGM Poker, together with its partners Borgata Poker and partypoker, achieved the top position in New Jersey’s online poker industry. It was stated that it made more than one million dollars in only the month of September 2021. Play at your own risk because online casino games continue to be one of the most common causes of customer dissatisfaction. This is pretty much the case across the board for sportsbook websites that provide entertainment in the form of games like blackjack and roulette.

In November 2021, BetMGM debuted its first horse-racing application in the state of Ohio. The app enables users to bet wagers on races held at more than 200 tracks around the world. Betting on horse races is permitted in the state of Ohio, in contrast to the prohibition on betting on professional sports teams. BetMGM now has an early edge in Ohio, and the company intends to evaluate the success of the product’s introduction there before expanding its availability to a wider range of regions in the near future. “We’ve established a new digital experience for horse racing enthusiasts in conjunction with NYRA Bets, and we expect the platform’s future debut in more states,” said the CEO of BetMGM, Adam Greenblatt. “We’re excited about the potential for this platform.”

Reputation

BetMGM has earned a reputation among recreational gamblers that is largely positive. They started out in the casino and resort industry, which has given them a plethora of knowledge in the gaming industry, helping them become one of the most successful casinos in the United States. BetMGM’s tendency to swiftly limit winning bettors who are on a roll is likely to be the most frustrating aspect of your experience with the site. This is a tendency among the main sportsbooks in the business, in which they want to weed out the sharps or anybody lucky enough to go on a tear and pander to the more novice audiences. This is done in order to maximize their profits. They provide a plethora of promos, the most of them are low-value plays with minimal potential for profit. BetMGM will profit from removing limitations and keeping frequent bettors if they want to gain ground and differentiate themselves from big sportsbooks like as DraftKings, FanDuel, and Caesars.

BetMGM Company Origins and Beginnings

BetMGM was established as a result of a collaboration between MGM Resorts International (NYSE: MGM) and Entain Plc, which is situated in London (LSE: ENT). MGM Resorts International, which is the parent firm of BetMGM, has been well-respected in the gaming industry in the United States for more than three decades. This knowledge has been very useful in the development of iGaming, as seen by the fact that BetMGM is currently the leading iGaming operator in the United States, with a 32 percent stake as of October 2021.

When the firm joined with the gambling operator GVC Holdings in the United Kingdom in July of 2018, it entered the betting for wagers placed on sporting sports. In January of 2019, the two parties came together to establish a partnership that they named Roar Digital. In August of 2018, the two of them collaborated to create the BetMGM Sportsbook app in the state of New Jersey. Additionally, the online sportsbook contributes to the overall customer service offered by the retail Borgata Casino in Atlantic City.

BetMGM finished the year 2020 with net revenue of $178 million, above its revenue projection of of $150 million to $160 million. Nevertheless, this does not indicate that it is lucrative, since they had a loss of $114 million in 2020 that was shared between Entain and MGM.

BetMGM kept a total market share of 22 percent in February 2021 throughout all of the U.S. jurisdictions in which the firm is now active. According to the quarterly statistics of Entain in 2021, BetMGM brought in excess than $200 million in revenue during the third quarter. That accounted for a percentage of the markets in which BetMGM is active that was equal to 26 percent. As a point of reference, DraftKings forecasts that it will bring in around $230 million in total Q3 sales for 2021.

Entain’s CEO Jette Nygaard-Andersen made these remarks after the company reported its Q3 revenues in the year 2021: “we can see we are obviously starting to contend for the number one market position countrywide.” Following the publication of these profits, Shore Capital estimated that BetMGM’s market value was around $11 billion. After only one month of operation, Arizona sports betting has already overtaken Nevada as BetMGM’s most populous state in terms of its active player base.

BetMGM was one of nine betting brands that were successful in obtaining a mobile operator license from the New York State Gaming Commission. In November 2021, BetMGM, Madison Square Garden Sports Corp., and Madison Square Garden Entertainment Corp. made the announcement that they would be partnering together (NYSGC).

BetMGM anticipated a net revenue of one billion dollars for the Fiscal Year 2022, while also raising its long-term estimate for its market share in the United States.

Assistance to Customers

This is one of the most visible problems with BetMGM, and it is surprising that they have not yet devised a method that is more easy for their players to communicate with them. They make it difficult to discover the live chat tool on their website, they provide a variety of customer service email addresses that are organized by state depending on the nature of your complaint, and they do not have a phone number. Even in the evaluations left by customers on app stores, you can observe that most sportsbooks have at least bots that provide pre-written answers to common consumer concerns. BetMGM provides no such option. In a market where competition is intense, this regrettable drawback almost certainly makes it more difficult to keep existing customers.

Banking

Currency that is Accepted

• USD

Various Ways to Make a Deposit

• Visa
• The American Express Company
• eCheck
• PayPal
• Skrill

Various Strategies for Withdrawal

• Play+
• ATM
• eCheck