Looking to add some zest to a weeknight without football? BetMGM bonus code ACTION50 accesses $1,050 in total value for any game, any sport or event Wednesday.

If you sign up with code ACTION50, you’ll get a $50 free bet and a $1,000 risk-free bet on your first wager — an Action Network exclusive offer.

Just make sure you don’t use your $50 free bet as your first wager. If so, you’ll forgo the $1,000 risk-free bet.

If you’re in Kansas, Illinois or Louisiana, there’s another offer available. BetMGM bonus code ACTIONYARD gets you $200 in free bets if you make a $10 moneyline bet on Thursday Night Football, and the team you bet throws for 1+ yard.

Unfortunately, there are no new-user offers in New York, Pennsylvania, and Mississippi.

If you’re confused between the difference of the two promos, we’ll break it down in detail below.

Risk-Free Bet Bonuses at BetMGM

I’d like to note that sportsbooks each have their own names for things and it can all become confusing, as each promotion can vary from another. We’ll break it down for you.

Here’s how this $1,000 risk-free bet works.

• If you win your first bet at BetMGM: You keep the initial stake of your bet, and get the profits. You can then withdraw or continue betting that money.
• If you lose your first bet at BetMGM: You get free bets back equal to the amount of your first bet.

The “catch” is that in order to get $1,000 worth of value, you must actually deposit and bet $1,000 on your first bet. But you’ll get back whatever amount it is that you initially deposit.

Keep in mind: the risk-free bet must also be your first bet.

Suppose you want to give an exhibition game some intensity by depositing $600 and wagering it all on the Capitals against the Flyers for Wednesday night. The Capitals are set around +135 as of Wednesday afternoon.

• If the Capitals win, you profit $810 ($600 x 1.35), and keep the original $600. You’ve now got $1,410 in your account.
• If Mexico loses, you get $600 (the amount you deposited and wagered) back in free bets.

We’ll explain what free bets are below. Betmgm generally splits free bets from these promos into $50 increments, so you’d have twelve, $50 free bets.

Are you new to sports betting? If any of the above seemed puzzling, check out our 12 tips for sports betting beginners or how to read odds first.

How Free Bets Work at BetMGM

So let’s take inventory: you’ve now got yourself $650 in total free bets — the $400 you got back from the risk-free bet losing, and an extra $50 from the initial BetMGM bonus code ACTION50. How do these work?

• If your free bet wins, you keep the winnings (but not the original free bet amount).
• If your free bet loses, you end up with nothing. So you can end up with $0 despite the “risk-free” moniker.

BetMGM splits its free bets into $50 increments, so you don’t have to wager them all at once. But for simplicity’s sake, let’s say you do.

Let’s use a lucrative example: you wager $650 on the first drive of Bengals-Dolphins Thursday Night Football to be an offensive touchdown. These odds are at +330 as of Wednesday afternoon.

• If the first team to have ball possession scores, you make $2,145 ($650 x 3.3), but don’t keep the $650 in free bets. So you’ve got $2,145 in your account from a $600 deposit, a profit of $1,545.
• If the first drive results in anything other than an offensive touchdown, you end up with $0.

How the ACTIONYARD Promo

This one is pretty easy. If you’re in Kansas, Illinois or Louisiana, you just need to use bonus code ACTIONYARD, bet $10 on Dolphins or Bengals moneyline on TNF, and you’ll get $200 in free bets if the team you bet throws for 1+ passing yard. Easy at that.

BetMGM Bonus Code Details

• Promo Code: ACTION50 or ACTIONYARD (KS, IL, LA only)
• Offer details: Deposit and bet $10, get $200 in free bets, or $1,000 risk-free bet
• Available in: AZ, CO, DC, IA, IL, IN, KS, LA, MI, NJ, NV, TN, VA, WV & WY
• Offer for: New BetMGM users

How do I Sign Up for BetMGM Sportsbook?

Signing up at BetMGM takes just a few minutes.

1. Click here to signup.
2. Enter accurate signup info (name, address, last four digits of SSN)
3. Use BetMGM bonus code ACTION50 at checkout
4. Deposit with your bank account, credit card, or PayPal

Remember, you just have to deposit money in order to claim these promos — at least $10.

If you don’t live in a state with online betting but are traveling to a different state, you’re still allowed to sign up and wager. Just put in all your real info, and don’t use a fake address like your Airbnb address if it’s in a legal state and you’ don’t live there. You’re allowed to bet as long as you’re in the state.

How to Use Your BetMGM Free Bets

Like the example used above, the best way to use any free bets is on longshots. The higher the line, the more expected value you get over time. Our experts have found there’s a sweet spot with lines priced between +300 to +700 in tight markets, meaning the gap between the two sides isn’t too large.

Here are a few ways to use your risk-free bets on Wednesday heading into the NFL slate this weekend: