VIP/Rewards Grade: 5/5 Summary: MGM's rewards program is full of deposit matches and can include a VIP rep.
Updated: Nov 13, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
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What To Know
BetMGM is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
BetMGM is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
BetMGM follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
BetMGM is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
BetMGM is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
In some states BetMGM operates as a betting exchange, and others they operate as a sportsbook. In both situations BetMGM will not limit bettors.
BetMGM is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
BetMGM is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
BetMGM is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
BetMGM has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
BetMGM has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
BetMGM has a closed-loop deposit/withdraw system. You may want to avoid depositing via PayPal/Venmo due to this. Learn more about closed-cloop withdraw systems in our Deposit/Withdraw guide.
BetMGM seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from BetMGM as much as possible.
MGM is one of the larger and more valuable sportsbooks. MGM is available in 21 states/provinces. They have a strong rewards program however they are quick to limit profitable bettors. This is something you want to avoid because of how profitable MGM is. The best way to do this is to stick to main lines. You can read our guide on avoiding this in our Don't Get Limited guide. MGM often has “soft” odds on the "minus side". Soft odds means they are far from the average odds compared to other books in the bettor's favor. Their alternate lines are nearly always the best odds out of every available book, creating arbitrage opportunities. For example, a line that is -250 on MGM might average -300 on all other books.
If you continually bet alternate lines/props they will notice, and limit you to the point where they won’t let you more than $5, even on an NFL money line. Once limited, you won’t be able to profit off of MGM anyone. Limits are more likely to occur immediately after a withdrawal. It appears that making a withdrawal prompts the trading team to do a review of your account. Avoid making withdrawals on MGM if possible.
BetMGM has an average MLB vig of 4.43%. BetMGM MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
BetMGM averages -157.6 for MLB favorites which is slightly worse than popular sportsbooks (-155.0). BetMGM is worse than sharp sportsbooks which have an average of -147.6.
The average BetMGM MLB odds on underdogs is 131.3 which is maringally better than popular sportsbooks (130.1). BetMGM is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
Hidden Sign-up Offer
This does not happen often anymore, but is worth trying. Register for an account and do NOT deposit. Wait 1-3 days and you will be sent a $500 deposit match offer with 1x rollover. This can be combined with any other available offers. This has a matched betting value of ~$500 in addition to the $500 from the initial sign-up offer for a total of ~$1,000.
Available in: Arizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
BetMGM does not have a sign-up offer in
Available in: New York
VIP/Rewards Program
If you have a large bankroll, email them at vip.desk@betmgm.com, asking what they can offer for a $10,000+ deposit before you make your first deposit. MGM frequently offers deposit match offers after a loss, and many times will simply give you Site Credit after a loss. These have a wide range of rollover requirements. They can be 1x to 6x or more, pay close attention to this as it may change how you want to hedge the bets.
Example Promotion
MGM is a promotion-filled sportsbook. They offer regular deposit matches, Qualifying Bets such as Bet and Gets, Profit Boosts, Bonus Bets, and more. You can view your available promotions in the designated promotions tab on the app/website.
Bet and Get
Here is an example Bet and Get, which is a Qualifying Bet, on MGM. If you place a $250 bet on the NBA you will receive a $100 Bonus Bet. Through matched betting, you can mathematically guarantee a profit by hedging your bet.
Qualifying Bet Finder
You can use the Qualifying Bet Finder on DarkHorse Odds to guarantee a profit of over $61. In addition to the Profit Boost Bet Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
Primarily a US based sportsbook with a strong physical presence, betMGM is also regulated in Ontario of online sports betting, casino, and poker.
Updated: Nov 13, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
MGM is available in 21 states/provinces. They have a strong rewards program however they are quick to limit profitable bettors. This is something you want to avoid. The best way to do this is to stick to main lines. You can read our guide on avoiding this in our Don't Get Limited guide. MGM often has “soft” odds on the "minus side". Soft odds means they are far from the average odds compared to other books in the bettor's favor. Their alternate lines are nearly always the best odds out of every available book, creating arbitrage opportunities. For example, a line that is -250 on MGM might average -300 on all other books.
If you continually bet alternate lines/props they will notice, and limit you to the point where they won’t let you more than $5, even on an NFL money line. Once limited, you won’t be able to profit off of MGM anyone. Limits are more likely to occur immediately after a withdrawal. It appears that making a withdrawal prompts the trading team to do a review of your account. Avoid making withdrawals on MGM if possible.
BetMGM has an average MLB vig of 4.43%. BetMGM MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
BetMGM averages -157.6 for MLB favorites which is slightly worse than popular sportsbooks (-155.0). BetMGM is worse than sharp sportsbooks which have an average of -147.6.
The average BetMGM MLB odds on underdogs is 131.3 which is maringally better than popular sportsbooks (130.1). BetMGM is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
