BetMGM Offers $1,500 Bonus Bet with CBSSPORTS Code During Friday College Football
How the Bonus Bet Works and Where It Applies
BetMGM has introduced a new promotion that rewards first‑time users with a $150 bonus bet if their initial wager wins, or up to $1,500 if it loses. The offer is available to players in select regions and can be activated by entering the code CBSSPORTS before placing a qualifying bet. The promotion coincides with a busy weekend of college football, featuring a multi‑game slate on Friday, a packed Saturday schedule, and a strong Sunday NFL lineup.
The incentive is designed to attract new bettors to the platform while providing a safety net for early losses. Players must place a bet that meets the minimum stake requirement to qualify. If the first bet loses, the bonus bet can be used on any subsequent wager, offering a chance to recover the initial stake. The promotion is limited to specific states, and the terms and conditions outline the exact eligibility criteria and wagering requirements.
What Happens if the First Bet Loses? A Question for New Bettors
To claim the offer, new users must register on BetMGM and enter the CBSSPORTS code during the checkout process. Once the code is accepted, a bonus bet is credited to the account. The bonus bet can be used on any game, but it must be placed within a specified timeframe. If the first wager wins, the bonus bet is worth $150. If it loses, the bonus bet can be worth up to $1,500, depending on the state. The promotion is currently active for the upcoming Friday college football games, including the Northwestern versus Penn State matchup.
The promotion is part of BetMGM’s strategy to capitalize on the high viewership of college football. By offering a substantial bonus bet, the company hopes to increase engagement during the weekend’s games and encourage users to place more bets. The terms also require that the bonus bet be used on a qualifying wager, ensuring that players remain active on the platform.
If a new bettor’s first wager does not win, the bonus bet can be worth up to $1,500. This significant increase is intended to offset the loss and keep players engaged. However, the bonus bet must still meet the minimum stake requirement and be used within the allotted time. The promotion’s terms also specify that the bonus bet cannot be withdrawn as cash; it must be used for betting purposes only. Players should read the full terms to understand the exact wagering requirements and any limitations that may apply.
Frequently Asked Questions
The promotion’s impact on player behavior is expected to be positive, as the potential for a large bonus bet can motivate users to place more bets. However, the company also emphasizes responsible gambling and encourages users to set limits and stay within their budget.
Q: Which states can I use the CBSSPORTS code? A: The promotion is available in selected states only. Check the BetMGM website for the list of participating regions.