BetMGM Sportsbook Review (2024)

Is BetMGM Sportsbook worth your time and money? Find out in our comprehensive review of its features, pros, cons, and bonuses.

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Welcome to our BetMGM Sportsbook Review. As an avid sports bettor in the United States, you are always comparing sportsbooks in the hunt for the best online bookmakers to place your wagers. BetMGM has emerged as a popular choice among bettors, and we are here to give you an in-depth look at what this platform has to offer.

From the moment you sign up, you will notice that BetMGM is dedicated to providing you with a seamless and enjoyable betting experience. The user-friendly interface makes navigating various online casino games and betting markets easy, ensuring that you find exactly what you are looking for.

As a new user, you will be eligible for a generous welcome bonus to kick-start your betting journey. This, combined with ongoing promotions and rewards, ensures that you will always have an incentive to keep coming back for more.

In this sportsbook review, we will dive deeper into the features and offerings of BetMGM Sportsbook, helping you decide if it is the right platform for your betting needs. So, sit back, relax, and let us explore what BetMGM has in store for you.

Introduction to the BetMGM Online Sports Betting Platform

BetMGM Sportsbook

BetMGM is a licensed and reputable sportsbook in the United States. It has been operational in various states, with Wyoming being one of the most recent additions. BetMGM launched alongside DraftKings in Wyoming in September 2021, making them the first mobile operators to enter the market. BetMGM was also one of the first operators in Arizona to establish a sportsbook presence, with three locations at Gila River casinos and a facility at the State Farm Stadium.

When you sign up for the BetMGM Sportsbook, you’ll be eligible for a generous welcome bonus to kick off your sports betting journey. This enticing offer, combined with ongoing promotions and rewards, ensures that you’ll always have a reason to keep coming back for more.

BetMGM boasts an impressive range of sports offerings, catering to fans of major league sports like the NFL, NBA, and MLB, as well as niche sports such as tennis, table tennis, horse racing, and cricket. With such a diverse selection, you’re sure to find the perfect betting opportunity, no matter your preference.

In addition to a wide variety of sports, BetMGM also offers an extensive selection of sports betting markets. This means you’ll have access to numerous wagering options, from moneyline bets and point spreads to parlays and prop bets. Plus, with live betting available, you can place wagers as the action unfolds in real time, adding an extra layer of excitement to your betting experience.

Furthermore, BetMGM makes it easy for you to fund your account and withdraw your winnings with various secure payment methods. You can use popular options such as credit and debit cards, ensuring a smooth and hassle-free transaction process.

BetMGM Sportsbook is a top choice for sports bettors in the United States. With a reliable license, an enticing welcome bonus, diverse sports and markets, and convenient payment methods, you’ll have everything you need for an enjoyable and successful betting experience.

BetMGM Sportsbook Review: Pros and Cons

Pros:

  • Accessibility and convenience: BetMGM Sportsbook has one of the best sports betting apps on the market, allowing you to place bets at any time and from anywhere. This convenience enhances your sports betting experience without having to leave the comfort of your home.
  • Security: BetMGM Sportsbook incorporates the latest security features to protect your data and funds. Encryption technology is employed to safeguard sensitive information, such as passwords and credit card numbers.
  • Trustworthiness: As a reputable and safe sportsbook, BetMGM has undergone independent third-party testing to ensure adherence to industry standards for security and safety.
  • Banking options and bonuses: With various banking methods available, including credit cards and e-transfers, depositing and withdrawing funds is easy. Additionally, BetMGM Sportsbook offers attractive bonuses and sign-up promotions for new users.

Cons:

  • Market availability: BetMGM Sportsbook may not offer all the betting markets you are interested in. Ensure that you check the availability of your preferred sports and events before committing to the platform.

BetMGM Sportsbook App Betting Software

The desktop site offers a seamless betting experience through its user-friendly interface and mobile BetMGM sportsbook app software. As you navigate the desktop platform, you’ll appreciate the intuitive layout and easy-to-use interface that make placing bets a breeze. The website features a wide range of sports, events, and wagering markets, giving you plenty of options.

When you first visit the BetMGM website, you’ll find a comprehensive list of sports and events to place your bet on, organized by popularity and upcoming matches. The live betting section allows you to place wagers on events happening in real time, providing an exciting and interactive experience. You can also easily access your account, deposit funds, and manage your bets through the website’s streamlined design.

BetMGM Mobile App

If you prefer betting on-the-go, BetMGM’s mobile app is an excellent choice for you. Available for both Android and Apple devices, the BetMGM sportsbook app offers the same extensive range of sports and betting markets as the desktop version.

Remember that while the BetMGM app is user-friendly and convenient, you may need to download it directly from the BetMGM website, the Google Play Store, or through trusted pages.

The mobile betting platform also allows for real money deposits, gameplay, and withdrawals, ensuring that you have a complete betting experience at your fingertips. As you explore the app, you’ll find that it’s easy to navigate and offers a smooth, enjoyable experience, whether you’re a seasoned bettor or new to the world of sports betting.

What Markets Can You Bet On at BetMGM Sportsbook?

BetMGM Sportsbook offers a diverse range of markets to bet on for sports enthusiasts, covering popular US leagues and sports and international events. The specific offerings may vary by state and season, but you can expect a comprehensive and exciting betting experience on the BetMGM platform. It’s a top sportsbook for baseball, basketball, hockey, football, and more.

Let’s take a look at the popular US leagues and sports that you can expect to find in the BetMGM Sportsbook:

  • NFL
  • NBA
  • MLB
  • NHL
  • MLS
  • NCAA
BetMGM Live Betting

Aside from the major US leagues and sports, BetMGM also provides betting markets for international leagues and events, such as soccer leagues. This soccer sportsbook provides odds for the English Premier League, La Liga, and the UEFA Champions League. Other popular sports like tennis, golf, boxing, and MMA may also be available for betting on BetMGM’s platform.

If you’re a beginner, consult our guide to betting on sports. Here you’ll find wagering tips for these sports and more, plus explanations of must-know betting rules and terminology.

Popular betting Options Available at BetMGM Sportsbook

While the specific markets BetMGM offers may vary depending on the state and the season, you can generally expect to find a wide array of betting options. Here are a few mentions of some popular bet types:

  • Moneyline: A straightforward bet on which team or player will win a match or event.
  • Point Spread: Wagering on the margin of victory or defeat for a team or player.
  • Totals (Over/Under): Wagering on the combined score of both teams or players, and whether it will be over or under a predetermined number.
  • Prop Bets: Betting on specific occurrences within an event or game, such as which player will score the initial goal or the overall number of goals in a game.
  • Futures: Bets placed on the outcome of future events, such as who will win a championship or which player will win an MVP award.
  • Parlays: Putting together multiple wagers into a single bet, where all wagers must win in order for you to receive a payout.
  • Round Robin: A series of same game parlays that cover all possible combinations of a selected group of bets.
  • Teasers: A type of parlay where the point spread or total is adjusted in the bettor’s favor but at reduced odds.

Additionally, BetMGM may offer live in-play betting, allowing you to place wagers on games and events as they unfold in live or real-time. BetMGM is also considered among the best cash out sportsbooks in the US, allowing you to cash in live bets ahead of time.

Banking Options Available at BetMGM Sportsbook

BetMGM is considered one of the best real money sportsbooks offering a variety of convenient methods, including credit cards, e-transfers, and cryptocurrencies:

  • Credit and Debit Cards: Widely accepted methods such as Visa, Mastercard, American Express, and Discover, allowing you to transfer funds directly from your bank account to your sportsbook account. These methods offer convenience but may have associated fees and reveal your gambling activities.
  • Bank Wire Transfers: Transfer funds directly between your bank account and the sportsbook, providing a secure method for large transactions. However, this option can take longer and may incur fees.
  • MoneyGram: A popular money transfer service that allows you to send funds to your sportsbook account from a physical location or an online platform. It offers a secure and relatively fast option, but fees may apply.
  • Cashier’s Checks: A traditional method where you send a physical check from your bank to the sportsbook. This method is secure but can be slow and may require mailing fees.
  • Electronic Funds Transfer (EFT): A payment processing service, such as VIP Preferred, enabling you to transfer money electronically from your bank account to your betting account. It’s a safe and simple option with relatively low fees and higher deposit limits.
  • Cryptocurrencies: As a top cryptocurrency sportsbook, digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, Solana, and Tether are available at BetMGM. These payments are fast, secure, fee-free transactions, and provides increased privacy for your gambling activities.

Deposit Options at BetMGM

The BetMGM Sportsbook is considered one of the best low minimum deposit sportsbooks, with various deposit options catering to your preferences. Here’s a list of the main deposit methods, along with their minimum and maximum limits and processing times:

  • e-Wallets: $10 – Maximum deposit limit varies depending on your account status – Instant
  • Visa, Mastercard: $10; the maximum limit depends on your bank and account status – Instant.
  • PayNearMe: $10 – $500 per day – 15 minutes to 1 hour.
  • PayPal: $10 – Maximum limit varies based on your account status – Instant.
BetMGM Deposit Options

Skrill: An e-wallet service that allows you to transfer funds from your Skrill account to your BetMGM account. The minimum deposit is $10, and the maximum deposit limit varies depending on your account status. Processing time is usually instant.

Visa, Mastercard: Credit and debit card options that enable direct transfers from your bank account to your BetMGM account. The minimum deposit is $10, and the maximum limit depends on your bank and account status. Processing time is typically instant.

PayNearMe: A cash deposit option that lets you fund your BetMGM account by visiting a participating retail location. The minimum deposit is $10, and the maximum deposit limit is $500 per day. Processing time takes around 15 minutes to 1 hour.

PayPal: A widely-used e-wallet service for transferring funds between your PayPal account and BetMGM account. The minimum deposit is $10, and the maximum limit varies based on your account status. Processing time is usually instant.

Withdrawal Options at BetMGM

Here is a list of withdrawal methods available at BetMGM Sportsbook, along with a brief explanation, minimum and maximum limits, and processing times for each method:

ACH/eCheck: An electronic check that transfers funds directly from your bank account to your BetMGM account.

  • Minimum withdrawal: $10
  • Maximum withdrawal: Varies depending on your account status
  • Processing time: 3-5 business days

PayPal: A widely-used e-wallet service for transferring funds between your PayPal account and BetMGM account.

  • Minimum withdrawal: $10
  • Maximum withdrawal: Varies based on your account status
  • Processing time: 24-48 hours

Skrill: An e-wallet service that allows you to transfer funds from your BetMGM account to your Skrill account.

  • Minimum withdrawal: $10
  • Maximum withdrawal: Varies depending on your account status
  • Processing time: 24-48 hours
BetMGM Withdrawal Methods

Check by Mail: A traditional check mailed to your address.

  • Minimum withdrawal: $50
  • Maximum withdrawal: Varies based on your account status
  • Processing time: 7-14 business days

Play+ Prepaid Card: A prepaid card linked to your BetMGM account that can be used for withdrawals.

  • Minimum withdrawal: $10
  • Maximum withdrawal: Varies depending on your account status
  • Processing time: 24-48 hours

The Withdrawal Verification Process at BetMGM

The withdrawal verification process at BetMGM Sportsbook is designed to ensure the security of your funds and protect against fraud and underage gambling. Here’s a step-by-step explanation of the process:

  1. Request a withdrawal: After logging into your BetMGM account, go to the cashier or banking section and select the “withdraw funds” option. Choose your preferred withdrawal method and enter the desired amount.
  2. Account verification: If you haven’t already verified your account, BetMGM may require you to submit certain documents to confirm your identity and address. These documents may include:
    • A copy of your government-issued photo ID (e.g., driver’s license, passport)
    • A recent utility bill or bank statement showing your name and address
    • Additional documents may be requested in some cases, such as proof of payment method ownership (e.g., a photo of your credit card or a screenshot of your e-wallet)
  3. Document review: BetMGM’s security team will review the submitted documents to verify your identity and address. This process may take anywhere from a few hours to a couple of days, depending on the volume of requests and the documents’ clarity.
  4. Withdrawal approval: BetMGM will process your withdrawal request once your account has been verified. The processing time varies depending on the chosen withdrawal method, as mentioned in the previous response.
  5. Funds transfer: After the withdrawal has been approved, your funds will be transferred to the chosen payment method, and you’ll receive a confirmation email or notification.

Please note that the verification process may vary slightly depending on your location and any specific regulatory requirements. Additionally, it is implemented in line with various laws designed to protect you, including the Sports Protection Act.

Support Channels Available at BetMGM

Here’s an overview of the support channels available:

Live Chat

The live chat feature is an excellent option for answering your questions quickly or addressing any concerns you might have. To access the live chat, look for the chat icon on the BetMGM website or within the BetMGM mobile app. 

By clicking on it, you’ll be connected with a customer support representative who will assist you in real-time. This is often the fastest and most convenient way to get help, as you can chat directly with an agent without having to wait for an email response or call back.

Email Support

If you prefer to send an email, BetMGM also offers email support. You can find the support email address on the website or in the app’s help section. This method is suitable for more detailed queries or when you need to provide documentation or screenshots to support your question. 

Keep in mind that email responses might take longer than live chat, so it may not be the best option if you need immediate assistance.

Telephone Support

BetMGM provides telephone support for customers who prefer to speak with a representative directly. The contact number can be found on their website or within the app. This method is ideal for more complex issues or if you feel more comfortable discussing your concerns verbally. 

However, note that wait times can vary depending on the call volume, so you may need to be patient if you choose this option.

Help Center/FAQ

BetMGM’s website and app both feature a comprehensive Help Center or FAQ section, which covers a wide range of topics, including account management, deposits and withdrawals, betting rules, and promotions. 

Before reaching out to customer support, it’s a good idea to browse through the Help Center, as you may find the answers to your questions without needing to contact an agent.

BetMGM Sportsbook Bonuses and Promotions

Current BetMGM promos you can find on their promotions page:

  • Welcome Bonus: Risk-Free First Bet up to $1,000
  • Parlay Plus: Up to 40% More on Parlay Bet Wins
  • Money Monday Club: Weekly Free Bet Offer
  • Overtime Insurance: Refund on Losses in Overtime Games
  • Live Betting Bonus: Free Bets for In-Game Wagers

Welcome Bonus: Risk-Free First Bet up to $1,000

As a new customer at BetMGM Sportsbook, you’ll be eligible for their generous welcome bonus, which offers a risk-free first bet of up to $1,000. 

Sign up for a new account and make your first deposit to take advantage of this promotion. If your initial bet loses, the sportsbook will return your stake back in bonus bets or as free bonus bets up to an amount of $1,000. This is an excellent way to start your betting journey, as it gives you the opportunity to explore betting sites and make your initial bet with minimal risk.

BetMGM-Risk-Free-Bonus

Parlay Plus: Up to 40% More on Parlay Wins

If you enjoy combining multiple bets into parlays, BetMGM’s Parlay Plus promotion is perfect for you. This offer allows you to earn up to 40% more on your parlay winnings, depending on the number of legs in your parlay.

To qualify, your game parlay must have a minimum of four legs, with each leg having odds of -200 or greater. The more legs you add, the higher the BetMGM sportsbook bonus percentage, giving you the incentive to build larger parlays and potentially increase your winnings. As a high-limit sportsbook, you can build huge bets and reap potentially huge rewards.

Money Monday Club: Weekly Free Bet Offer

With the Money Monday Club promotion, you can earn a weekly $10 free wager if you place over wagers to the value of $50 or more during the former week (Monday through Sunday). 

To participate, opt-in to the promotion and start placing your bets. Once you reach the $50 threshold, you’ll receive your $10 free wager on the following Monday. This is a great way to get rewarded for your regular betting activity at BetMGM.

Overtime Insurance: Refund on Losses in Overtime Games

No one likes losing a bet due to an overtime result, and BetMGM’s Overtime Insurance promotion helps ease the sting of such losses.

If you place a pre-game moneyline bet on select sports events and your team loses in overtime, BetMGM will refund your stake up to an amount of $25 in the form of a free bet. This promotion adds extra excitement to close games and provides some consolation if your team falls short in overtime.

Live Betting Bonus: Free Bets for In-Game Wagers

BetMGM encourages in-game betting with their Live Betting Bonus promotion. Place a live bet of $50 or more on select sports events, and you’ll receive a $20 free bet on any live event you choose. 

This offer is perfect for those who enjoy the thrill of betting on games as they unfold, as it rewards you for engaging in live betting action.

What does Reddit Think about BetMGM Sportsbook?

BetMGM Sportsbook is one of the first mobile sportsbook operators in Wyoming, having gone live alongside DraftKings in September 2021. The Reddit community has praised it for offering a user-friendly interface and a variety of betting options. Many users appreciate the platform’s ease of use. Additionally, BetMGM sits on top with the best reduced juice sportsbooks and offers a wide range of sports coverage.

One of the aspects that Reddit users frequently mention is BetMGM’s promotions and bonuses, which is on par with the best offshore sportsbooks. Users have reported that the platform offers attractive sign-up bonuses, risk-free bets, and other promotions, making it an appealing choice for new and experienced sports bettors. Some users have even shared their personal success stories, crediting the platform’s generous offers for their winnings.

BetMGM Sportsbook Review

However, it’s worth noting that not all Reddit users have had positive experiences with BetMGM. Some have expressed concerns regarding customer support, stating that the response time can be slow or unhelpful in certain situations. Additionally, a few users have reported issues with the app, such as occasional glitches and delays in updating live odds.

Despite these concerns, the overall sentiment on Reddit towards BetMGM Sportsbook seems to be positive. The platform’s user-friendly interface, diverse betting options, and attractive promotions have garnered a loyal following of bettors.

While there may be some areas for improvement, such as customer support and app stability, it appears that BetMGM Sportsbook has established itself as a reliable and popular choice in the sports betting industry.

BetMGM Sportsbook: Where Winning Takes Center Stage

The overwhelmingly positive feedback from Reddit users demonstrates that the BetMGM brand has made a strong impression in the online sports betting community. Its user-friendly interface, competitive BetMGM odds, diverse betting options, and attractive promotions contribute to its popularity among bettors. Additionally, BetMGM promotes responsible gambling.

Although there are some concerns regarding customer support and app stability, the overall BetMGM review remains favorable. As you consider joining BetMGM Sportsbook, take the time to explore user experiences and reviews to ensure it aligns with your preferences, ultimately leading to a satisfying and enjoyable sports betting experience.

FAQs

Is BetMGM better than FanDuel?

Both major sportsbooks offer competitive odds and odds boosts, a wide selection of betting options, and user-friendly interfaces. Ultimately, the choice between BetMGM and FanDuel comes down to personal preferences. Read our BetMGM vs FanDuel comparison for more information, or click the links below for comparisons with BetMGM and other leading US sportsbooks.

Can you win money on BetMGM?

You can win money on BetMGM by placing bets on various sporting events and outcomes. The amount of money you can win depends on the odds and the amount you wager. However, it’s essential to remember that there’s always a risk of losing money as well. To increase your chances of success, it’s crucial to practice responsible gambling and only place bets that you can afford to lose.

Is BetMGM legit?

Yes, BetMGM online sportsbook is a legitimate and reputable online sports betting platform. It operates under the umbrella of MGM Resorts International, a well-known and respected name in the gambling industry. BetMGM holds proper licenses and operates in compliance with the laws of various states in the United States where online sports betting is legal. By offering a secure platform, a variety of betting options, and competitive odds, BetMGM has established itself as a trustworthy online sportsbook.

Does BetMGM actually pay out?

Yes, BetMGM Sportsbook does pay out winnings to its users. As a reputable and licensed online sportsbook, it is committed to providing a fair and transparent betting experience. When you win a bet, your winnings will be credited to your account, and you can withdraw the funds using various available withdrawal methods.

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