Licensed in Colorado
REVIEW
There are few names in the entertainment and gaming industry bigger than MGM. From its origins as a film company, a resort and betting giant was born in the 1970s. It now has 10 properties on the Las Vegas Strip, casinos and resorts in another seven U.S. states, and a total of seven casinos and resorts in China.
But it wasn’t until Colorado legalized sports gambling and the Midnight Rose Hotel and Casino in Cripple Creek signed a deal to have MGM manage their mobile sports betting that customers in the Centennial State were able to enjoy BetMGM.
The name is big and reputable, the sports wagering associated with MGM goes back decades, and its entry into present-day U.S. sports betting is backed by a joint online venture between MGM and GVC called Roar Digital. It’s one of the world’s largest sports betting and gaming technology groups, with operations in 18 different countries.
The two companies came together in 2019 and created BetMGM. And in May 2020, BetMGM began taking sports wagers in Colorado.
BONUSES
Sign Up and Deposit Bonus
Reputation and name recognition will only get you so far when a market like Colorado’s explodes. With so many options for Colorado bettors to choose from, everyone has to compete. BetMGM has chosen to compete for your business by offering new customers a risk-free bet of up to $500.
Register for a new account, make a deposit of at least $10, and then place your first bet. If that bet loses, your account will be credited the amount of the bet, up to $500, to be used on future bets.
In a twist that makes this different than most risk-free bet offers, you won’t necessarily have to bet your bonus all at once. If you lose your first bet of less than $50, then you will receive a free bet in the amount lost.
But if your bet is $50 or greater, you will receive free bets in 20% increments. An example – you bet $40 and lose. Your bonus is another $40 bet.
You bet $50 and lose. Your bonus is five $10 bets. And your total bonus amount can go as high as $500.
Bonus Offer Terms and Conditions
All free bet bonuses will be credited to your account within 24 hours, and they must be used within seven days of receiving them. Otherwise, they will be forfeited.
If you win your free bet, all winnings will be as good as cash in your account, meaning that those funds are eligible for withdrawal. However, the value of the free bet will not be included.
Free bet bonuses are limited to one per person, household, or computer.
BetMGM Loyalty Program
All BetMGM online sports bettors are now eligible for M Life Rewards, the longstanding loyalty program offered at MGM resorts around the world. All sports bets earn tier credits, and as your tier increases, so do the rewards.
- Sapphire (up to 19,999 tier credits): Room discounts
- Pearl (20,000 tier credits): 10% bonus on some plays
- Gold (60,000 tier credits): 20% bonus on some plays, priority hotel check-in
- Platinum (160,000 tier credits): 30% bonus, annual complimentary cruise
- Noir (invitation only): 40% bonus, cruise, guaranteed hotel rooms, limo service
M Life credits are earned:
- 1 tier credit for $100 on straight bets
- 1 tier credit for $50 on parlay and round-robin bets
$250 BONUS MATCH
ON FIRST DEPOSIT – T&C’S APPLY
BETMGM FEATURES
As with other sportsbooks, the bonuses don’t end after you’ve exhausted your registration and deposit bonus. Throughout the sports calendar, there will be a variety of other offers and promotions rotating in, depending on the season.
One popular BetMGM promotion during the basketball season is free bets of up to $100 on live action. These are good for both the NBA and college basketball.
It also has what’s called the Money Monday Club. With that promotion, if you’ve placed at least $50 in qualifying wagers the week before, you will be given a free $10 bet on Monday.
BANKING WITH DRAFTKINGS
With BetMGM, banking is easy, and there are a number of ways to make deposits and withdrawals into your new BetMGM account.
Making Account Deposits
The following deposit types are available for customers in Colorado.
- Online bill pay
- Bank transfer
- Credit and debit card
- PayPal
- Neteller
- Skrill
- Play+
- VIP Preferred
- PayNearMe (available at area 7-Eleven stores)
- Cashier’s check
An online bank transfer is the fastest way. All you need to do is authorize the transaction through your bank’s online service. This is also the most secure way to fund your sports betting account since you never have to give out your bank account number.
Making Account Withdrawals
When making a withdrawal, BetMGM says that it will process requests back to the payment method used for deposits, up to the total amount of that deposit. Then other processes will be used. Those available options are:
- Online bank transfer
- PayPal
- VIP Preferred
- Personal check
BetMGM warns that withdrawals will take longer to process than deposits, but that it does this for verification purposes and to ensure the security of your account. Personal checks will take the longest time to process.
Wagering Options at BetMGM
Whether you are online at BetMGM.com or on its mobile app, the types of wagers that you can play have the same large number of possibilities.
Available Sports
There are dozens of different sports that are available to wager on BetMGM. They have badminton, baseball, basketball, beach volleyball, biathlon, and boxing – and that’s just the Bs.
The complete list of sports includes:
- Athletics (track and field)
- Australian Rules
- Badminton
- Baseball (MLB and international leagues)
- Basketball (NBA, WNBA, NCAA, and international leagues)
- Biathlon
- Boxing
- Cricket
- Cross-country skiing
- Cycling
- Darts
- Football (NFL and NCAA)
- Golf
- Handball
- Hockey
- MMA
- Motor racing
- NASCAR
- Nordic combined
- Rugby League
- Rugby Union
- Ski jumping
- Snooker
- Speed skating
- Soccer (leagues from around the world)
- Table Tennis
- Tennis
- Volleyball
- Water polo
And when big events like the Olympics come around, this list will grow even longer.
Available Wager Types
BetMGM breaks down its wagers into three major categories. One pick (single bet), two or more picks (a parlay), and three or more picks (a round-robin). And each of those “picks” can come from the following types of plays.
Point Spread: The most popular and most basic of sports bets. The point spread represents the margin of victory in which the favorite must win by to “cover the spread.” Bets on the spread usually pay -110 for both the favorite and the underdog, which is how the sportsbook makes its money.
Moneyline: The moneyline represents the odds of a team winning the game outright without the use of a point spread. For example, if the moneyline reads -125, that is the favorite, and to win $100, you must bet $125. On the flip side, a +125 moneyline pays you $125 for a $100 bet.
Totals: This is a bet on the combined total of points, runs, or goals scored by both teams in a single event, regardless of which team wins. Like with a point spread, you place your bet on whether the amount will be over or under the posted line.
Proposition Bets: These are bets that focus on the outcome of small events within a game. Prop bets are offered on team and individual results, like which team gets the most hits, who gets the most shots on goal, and if the starting quarterback goes over 300 yards passing.
Other wagering types available at BetMGM, but bets that fall outside their three major categories, are:
Futures Bets: A futures bet is a bet on an event typically far in the future, such as the winner of the World Series or next year’s British Open You can also bet on who makes the NFL playoffs and the winner of next spring’s NCAA Tournament.
Live Betting: Live betting has become incredibly popular across the world, and in Europe, it accounts for 70% of all wagering activity. It’s more interactive than traditional betting, and the odds and point spreads are constantly changing as the game progresses. It also features buyout options and smaller wagers inside the event, like the result of a particular drive during a football game.
Anyone that is legal to place sports wagers in Colorado will be able to open an account and place wagers with BetMGM. As long as you are at least 21 years old and inside the Colorado state lines when placing a wager, you are legal. Colorado residency is not required.
It is very secure. BetMGM uses advanced firewall technology to secure all of its data. They also employ a team of security advisors across the world that are continually upgrading their system.
All monetary transactions use encryption technology from Verisign, and they offer a cash-out security feature that all players can use. When this is turned on, each time a player makes a withdrawal from their account, they must answer the two security questions that were recorded at the time of their registration.
Yes. Available on the front page, you can connect to a comprehensive “Help & Contact” section. Once there, you’ll find a menu of options to help narrow down the exact issue you’re looking to solve. That menu includes:
- Promotions and bonuses
- Geolocation
- Withdrawal
- Account details and Verification
- Account Access
- Sports Rules
- Deposit
- Unable to Play
- Responsible Gaming
Depending on which of the above topics you click on, a series of questions and answers pop up on the screen that should provide you adequate help with most issues you will encounter while using the site.
If the help page is unable to solve your problem, BetMGM does offer 24/7 online chat.