If you’re looking for a new sportsbook to join, there’s a chance that BetMGM might just be on your radar.
By the end of this article, you’ll know exactly if this is the right brand for you or not. In my how to bet on BetMGM guide, I’ll take you through the sign up and registration process, the different sports and markets that are available, and the various payment methods that you can use.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
As a bonus, I’ll also reveal how you can use our BetMGM sign up code – TPOVIP – to get up to $1,500 back on your first wager.
What Is BetMGM?
There’s a chance that you’ve heard of the movie-maker MGM Studios, or the casino operator MGM Resorts.
They’re part of the same multinational company that brings us BetMGM, their online sports betting channel that’s available on your browser, or via dedicated iOS and Android apps.
BetMGM is live and legal in more than 20 states, from Arizona to New York and many more in-between. It is licensed to legally offer its services to customers who are physically located in a relevant state and who meet the minimum age requirement for gambling – typically, that’s 21+.
You can browse their full A-Z of sports, which include football, basketball, baseball, and hockey, as well as soccer, golf, tennis, combat sports, motorsports, and more besides.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
How Sports Betting Works at BetMGM?
The question of how to bet on BetMGM can be answered with a couple of quick and easy steps to follow.
- Sign up for a BetMGM account – we have a full step-by-step guide to the BetMGM registration process in the next section.
- Make a deposit – read on for my full guide to making payments into (and out of) your BetMGM account.
- Find your favorite sport – use BetMGM’s straightforward menu system to locate the sport you want to wager on, as well as the individual competition and then game choice, i.e. American football -> NFL -> Chiefs vs 49ers
I’ve created a whole section on how to do sports betting on BetMGM later in this article, so read on for the specifics.
BetMGM Sign Up & Registration: Use Code TPOVIP to Claim Your Bonus
It’s quick, easy, and secure to complete your BetMGM registration.
And don’t forget: you can use our BetMGM sign up code – TPOVIP – during this process to lock a welcome bonus to your account. With this, if your first wager loses, BetMGM will hand you the same amount back (up to $1,500) as bonus bet credits.
To get started, simply follow the steps listed below:
| Step | Action | Tips |
|---|---|---|
| 1 | Hit the ‘Sign Up’ button | Head to betmgm.com |
| 2 | Complete the registration form | Name, address, email, phone number, last four digits of SSN etc |
| 3 | Verify identity | Prepare a copy of your ID (driver’s licence, passport etc), and proof of address (household bill etc) |
| 4 | Use promo code TPOVIP | Enter the code on the sign-up form if prompted |
Once these four steps have been completed, you will be able to login to your new BetMGM account, make a deposit, and start betting on your favorite sports.
BetMGM Login: How to Access Your Account
Enter the username and password you created during the registration process to complete your BetMGM login.
If you have forgotten your password, you can click the reminder button to get a reset message sent to your email address.
You can click the link in the email, which will redirect you to BetMGM – now you can create a new password to replace your old one.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
BetMGM Deposit Methods: How to Fund Your Account
After creating your account, you will need to make a deposit before you can start betting.
You can make a BetMGM deposit using a range of payment methods to suit you; in most cases, these are free of charge and completed instantly, too.
| Method | Speed | Min. Deposit | Best For |
|---|---|---|---|
| Debit Card | Instant | $10 | Convenience |
| Credit Card | Instant | $10 | Added security |
| PayPal | Instant | $10 | Speed |
| Skrill | Instant | $10 | Anonymity |
| Apple Pay | Instant | $10 | Speed |
| Play+ | Instant | $10 | Quick access |
| VIP e-check | Up to 72 hours | $10 | Ease of use |
| ACH bank transfer | Up to five days | $10 | Extra security |
| Wire transfer | Up to five days | $1,000 | High rollers |
The method you choose is largely going to be dictated by what’s available to you, but as you can see from the last column in the image above, there are different reasons for selecting each option.
Your bank or card provider may offer extra security on transactions, which provides peace of mind. But, on the other hand, options like PayPal, Skrill, and Apple Pay enable you to deposit without sharing your bank account details with BetMGM.
The good news is that you have a variety of different options to choose from…
How to Place a Bet on BetMGM: Step By Step
After logging into your account and making your first deposit, just six simple steps separate you from placing your first wager with BetMGM.
Follow along with the below to get started:
- Find your sport – Use the A-Z menu to locate your favorite
- Select your game – Scroll through the fixtures to find the perfect game
- Click the odds of your pick(s) – This will add your wager to the betslip
- Open the betslip – This will usually pop up on screen
- Enter your stake – Always double check the amount to avoid costly errors
- Confirm your bet – Click to confirm and place your wager
And that’s all it takes: how to bet on BetMGM in six easy steps.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
Understanding Bet Types on BetMGM
There are dozens of different bet types available at BetMGM, so I thought I’d shine a light on the six the most popular options that are typically available on every sport.
- Moneyline – predict who will win the game.
- Totals – how many points/goals will be scored.
- Spreads – which team will clear their hypothetical handicaps?
- Props – Team or player-based bets on points, rebounds, assists, touchdowns, sacks, goalscorers etc.
- Parlays – Two or more selections on the same ticket is called a parlay. The odds are multiplied together, creating the possibility of an enhanced payout. However, it’s essential to know that every pick in a parlay has to win for your bet to land.
- Futures – Season-long bets. Who will win the championship? Who will be crowned MVP? Who will win each division or conference?
| Bet Type | Example(s) | Risk |
|---|---|---|
| Moneyline | Chiefs to beat the 49ers | Low |
| Totals | Over 2.5 goals, under 99.5 points | Low |
| Spreads | Rams -3.5, Golden State -5.5 | Medium |
| Props | Patrick Mahomes over 249.5 yards | Medium |
| Parlays | Chiefs to win + Rams -3.5 | High |
| Futures | Boston Celtics to win the NBA Championship | High |
How to Bet on Soccer at BetMGM
The wager types described above are typically available on soccer, which is fast becoming one of the most popular sports to bet on in the United States.
The process of how to bet on soccer at BetMGM is the same as I have already detailed in this article, although some of the most common wager types are slightly different in nature and/or name.
- Match Result (1X2) – This is exactly the same as the moneyline market already described. The object is to predict the final result: home win, away win, or tie.
- Both Teams to Score – As the name suggests, this market asks whether both teams will score in the game – yes and no options are available.
- Over/Under Goals – Almost identical to the ‘totals’ bet type already mentioned, here you’re predicting whether the game will go ‘over’ or ‘under’ the goal lines, such as 1.5, 2.5, and 3.5.
- Handicaps – The same as the spreads bet type revealed earlier in this guide, just with a different name.
- Player Props – Depending upon the prestige of the competition, BetMGM offers a range of player props too. These include shots, tackles, fouls, and cards, with over and under lines provided.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
How to Bet on BetMGM: Beginner Strategies
Sports are unpredictable, which is why we love them so much. It also explains why favorites lose and underdogs, occasionally, have their moment in the spotlight.
There’s no single strategy for success when betting at BetMGM; you will need to study the form, head-to-head records, home/away splits, key player availability, and other factors to help determine which games and odds provide value opportunities.
There are, however, three tips that I recommend beginners utilize in their early betting activity:
- Keep It Simple – Stick with the basic bet types, such as moneyline and totals, until you have got a handle on sports betting.
- Manage Your Bankroll – It makes no sense to put all of your bankroll into a single bet, hoping to land a big winner. Instead, break your budget up into small units, as this will enable you to manage your bankroll better in the long run.
- Don’t Bet When Emotional – It’s scientifically proven that human beings can be more prone to making bad decisions when emotional. In betting, that can mean blowing a bankroll in one or two wagers, or chasing losses. If you’ve had a tough day, swerve BetMGM until tomorrow.
BetMGM Payment Methods (Deposits & Withdrawals Explained)
With mostly instant deposits and speedy withdrawals, my analysis of BetMGM’s is a general thumbs up.
You can complete both deposits and withdrawals via the cashier, which is available on your account dashboard. BetMGM doesn’t charge fees on any of its transactions, but that’s not to say that you won’t have to when transferring from your payment option to your bank.
Here’s your at a glance guide to the BetMGM payment methods:
| Method | Deposit? | Withdrawal? | Cash Out Time |
|---|---|---|---|
| Debit Card | Yes | Yes | 1-3 days |
| Credit Card | Yes | No | n/a |
| PayPal | Yes | Yes | Up to 24 hours |
| Skrill | Yes | No | n/a |
| Apple Pay | Yes | Yes | 1-3 days |
| Play+ | Yes | Yes | Up to 12 hours |
| VIP e-check | Yes | No | n/a |
| ACH bank transfer | Yes | Yes | Up to 3 days |
| Wire transfer | Yes | Yes | 2-5 days |
One other thing to know: BetMGM, like most American sportsbooks, operates a closed loop system. This means that you have to withdraw using the same payment method as you deposited with.
There is a slight caveat with credit cards, since you can deposit but not withdraw. Contact customer support and they will help in this situation.
Pros
- All in one gambling website
- Reputable gambling name
- Multiple betting features including live streaming
Cons
- Interface is good but a little busy for our liking
BetMGM Withdrawal: How to Cash Out Your Winnings
So how do you initiate a BetMGM withdrawal?
Simply follow these steps:
- Head to the cashier (in your account dashboard)
- Select your chosen withdrawal method
- Enter the amount you wish to withdraw
- Click to confirm your withdrawal
Refer back to the processing times in the last section to get an idea of how long your cash out request will take.
BetMGM App vs Desktop: Where to Bet on BetMGM
Personal preference will decide whether you bet on BetMGM via your desktop or their app. Or maybe you’ll use both… the app is great for wagering on the move.
You can use the table below for guidance, but just a reminder here that the BetMGM App is rated 4.0 in the Google Play Store and 4.6 in the App Store, so is well respected.
| Features | App | Desktop |
|---|---|---|
| Ease of Use | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Speed | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Convenience | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Sports & Markets | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Features (Cash Out, Streaming etc) | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
Common Mistakes to Avoid on BetMGM
Remember the betting strategies I detailed earlier in this article? I just wanted to reinforce those here, because it’s vital that all bettors – beginners and more experienced – avoid these common mistakes.
- Betting without understanding odds – Odds represent probabilities. So it makes sense to only bet on odds that offer a fair value of the outcome actually occurring. For example, backing the Steelers to win the Super Bowl at -10000 is not fair value.
- Not managing your bankroll effectively – If you went to the casino to play roulette with $100 in your pocket, would you wager it all on a single spin? You might, but your fun could be over in seconds. Budget appropriately and you can enjoy your bankroll for much longer.
- Chasing losses – So your bet lost, and now you’re frustrated. But chasing your losses and risking your bankroll on picks you haven’t researched properly is hardly going to help your mood, is it?
How to Bet on BetMGM FAQs
How do I sign up for BetMGM?
To register at BetMGM, click the sign-up button at the top of their homepage. Use our BetMGM promo code TPOVIP to claim an exclusive welcome bonus.
What is the minimum deposit on BetMGM?
The minimum deposit at BetMGM, for most payment methods, is $10.
How long do BetMGM withdrawals take?
BetMGM withdrawals vary, but can range from up to 24 hours (PayPal) to 2-5 days (bank transfer).
Can I bet on soccer at BetMGM?
Yes, soccer is one of the most popular betting options at BetMGM. Everything from the Premier League and Champions League to the MLS is covered.
What is the easiest bet type for beginners?
The easiest bet type to understand is moneyline (match result), as there’s typically only three possible outcomes: home win, away win, or tie.
Will BetMGM offer a cash out on a bonus bet?
Cash out is not available on bonus bets, however the feature is available for standard wagers.
Can you withdraw money won from a bonus bet?
You must first wager your bonus amount 1x before you can withdraw any winnings.
Can I withdraw money from BetMGM in another state?
As long as the state offers legal sports betting and BetMGM is licensed there, you can make the withdrawal.
How do I sign up for a popular sports betting app in the US?
All it takes is to complete a quick registration form, before verifying your identity and postal address with easy, stress-free document uploads.
What sports can you bet on at BetMGM?
All of them! There’s more than 20 different sports available at BetMGM, including football, basketball, baseball, and hockey.
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