It’s a great time to be a sports bettor because there are a number of lucrative Super Bowl promotions available to help you get off to a strong start and build your bankroll.
BetMGM is one of the leading operators in the industry, featuring a user-friendly platform with a robust selection of betting markets.
On this page, you’ll read about the BetMGM welcome bonus, which is one of the best sportsbook promos available.
BetMGM Bet $5, Get $158 in Bonus Bets Promo
BetMGM is offering a special Bet $5, Get $158 in Bonus Bets using bonus code LWOS.
This is a generous Super Bowl bonus that can really help you build your bankroll. What’s great is that it involves a low barrier to entry, requiring only a small stake in order to rack up bet credits.
Below you’ll find an in-depth breakdown of the BetMGM bonus code terms and conditions attached to this offer.
How the BetMGM Bet 5, Get $158 Promo Works
Here’s a detailed description of the BetMGM Super Bowl welcome bonus:
- Sign up for a new account at BetMGM by clicking one of the links on this page.
- Provide your personal information to verify your identity (name, address, etc.)
- Create a username and password that is unique.
- Type in BetMGM promo code LWOS.
- Deposit at least $10 using one of the several banking methods.
- Place your first bet of at least $10 on any betting market.
- Even if your first bet loses, you will receive $158 in bet credits.
- The credits will be distributed as two (2) $50 bet tokens and one (1) $58 bet credit.
- You will receive your bonus approximately 24 to 48 hours after your bet is settled.
- Be sure to use your bet credits within seven (7) days or they will expire.
Best Way To Use The BetMGM Bet $5, Get $158 Super Bowl Promo
The best way to use the BetMGM Super Bowl promo is to maximize the return on investment on your $5 wager.
You’re going to get $158 in bet credits regardless if your first bet wins, so it’s a good idea to test out your luck on a longshot.
I would recommend finding your favorite prop with long odds (+500 or more) or perhaps even create a Same Game Parlay for a chance at a nice payout.
Once you’ve received the $158 in bonuses, it’s best to take a more conservative approach. You only have three bet tokens, so you don’t want to be reckless and throw them away on a bet with low implied probability.
For this reason, I suggest choosing your favorite straight bet with odds around (+120) to (-120). Your goal is to convert these bet credits into cash, so playing it safe is the prudent move.
Other BetMGM Betting Promos
There are other BetMGM Betting promos to take advantage of for the Super Bowl, including the following:
- Refer A Friend: Use your personalized BetMGM link to get one of your friends to register. Once they’ve signed up, makes a deposit, and goes through the wagering requirements (1x playthrough), you both will get $100 in bonuses for sports betting.
- Odds Boosts: There will be certain events with enhanced odds, giving you a greater payout if you hit. Be sure to take advantage of these because they give you more value on your wagers.
What To Bet With BetMGM Bonus
49ers/Chiefs Over 47.5 (-110)
The Chiefs defense has been rolling of late, but they could have a tough time against the 49ers, who have one of the best running games in the NFL, while Kansas City ranks 28th in Rush EPA.
On top of that, this game is indoors, which is a better environment for offense.
There is no shortage of star-studded talent on each of these offenses, plus we’re getting a reasonable number at 47.5, which isn’t a tough bar to clear for these units.
