BetMGM Colorado Bonus Code Offers $1.5K Insurance or $200 Bonus Bets for Any Game

If you’re in Colorado and most other BetMGM States, you can choose from two BetMGM bonus codes:

1. TOPACTION: $1,500 in first bet insuranc. So if your first bet loses, you’ll get bonus bets back equal to what you lost, up to $1,500.
2. ACTIONGET: $10, Get $200 in bonus bets no matter what.

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Kentucky users can use BetMGM bonus code TOPACTION to get $100 in bonus bets on KY launch day on Sept. 28. No initial deposit is necessary to seize this offer. Same code TOPACTION, different offers depending on your state.

The new-user offers do not extend to Washington D.C., New York, and Kansas.

BetMGM bonuses

Typically, sportsbooks employ these welcome incentives to beckon newcomers, employing two distinct structures: First Bet Insurance and Bet and Get. At present, BetMGM boasts both models to accommodate new arrivals.

A more in-depth analysis of these promotions will be provided in the subsequent sections.

Get the BetMGM Colorado bonus code

BetMGM Bonus Code Offers, Explained

Excluding the Kentucky pre-registration offer, both the First Bet Insurance promotion and the Bet and Get offer are available nationwide, except in New York, Kansas, and Washington D.C.

To activate the First Bet Insurance offer, click on the relevant section below, sign up for a BetMGM account using the bonus code TRIBUNEMGM, and complete a small cash deposit to get started. If your initial wager results in victory, you keep your winnings along with your stake.

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However, in the unfortunate event of your first bet failing, rest assured that you will receive the full stake back, capped at $1,500, in the form of bonus bets.

Let’s look at an example.

Say your first bet is on the Giants at +400 against the 49ers for $500.

• If the Giants win, you’ll profit $2,000 and keep your $500 bet. So you now have $2,500 cash in your account that you can withdraw or continue betting.
• If the Giants lose, you’ll get $500 back in bonus bets.

For the Bet and Get, clicking on the corresponding module and entering the bonus code TRIBUNEGET during registration is the initial step. Following this, a modest cash deposit is required to activate your account. Subsequently, a minimum cash wager of $10 on any market will unlock this promotion. Regardless of the outcome, $200 in bonus bets will be credited to your account.

This setup allows you to potentially profit from a successful initial wager while also enjoying the bonus bet allocation for additional bets.

Here’s how bonus bets work, if you’re unsure.

Say you place a $10 bonus bet on a team that’s +200 — which pays 2-1. Here’s a primer on how to read odds if you’re unfamiliar.

Here are the two outcomes:

• If the bet wins, you’ll pocket $20 in cash (2.0 x $10) but you won’t keep the $10 in bonus bets.
• If the bet doesn’t win, your bonus bet will just go away.

How to Sign Up

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BetMGM has a few things you should know before you get started.

1. You must be 21+ years old to register and bet.
2. New users must be located in a legal betting state (A geolocation plugin will check).
3. Accept the Terms & Conditions, set security questions, and confirm your age and eligibility. You’ve created your account!
4. You must have access to a valid deposit method. Credit cards, bank account transfers, and PayPal are the most popular, though some credit cards will flag gambling and not allow you to deposit.
5. You will get up to $1,500 in Bonus Bets with the BetMGM bonus code after successfully navigating the BetMGM login process!