New BetMGM users can bet on this week’s sports action using BetMGM bonus code ALCOM1500 to get up to $1500 back in bonus bets if their first bet loses. There is no shortage of betting opportunities as the NBA and NHL playoffs have reached the conference semifinals and the MLB season is churning along.

In some states, BetMGM is also offering an alternate promo that awards $150 in bonus bets if you win your first $10 bet.

BetMGM bonus code ALCOM1500 at a glance

BetMGM bonus code ALCOM1500: How to claim the offer

Claiming either of these BetMGM sign-up bonuses is as simple as creating an account, making a deposit, and placing a bet. The whole process only takes a few minutes.

Here is a more detailed breakdown of how to claim these offers:

1. Click any of the links for BetMGM bonus code ALCOM1500 or the “Get Bonus” button in the banners on this page to go to the BetMGM registration page.
2. Fill out the form to create a new account, including your full name, date of birth, contact information, and the last four digits of your Social Security number.
3. Make a $10 minimum deposit using any of the available payment methods.
4. Place a qualifying wager of at least $10 within seven (7) days of signing up. Choose a bet with regular odds and avoid any odds boosts or other promos, which will invalidate the qualifying wager.
   1. For the $1500 first bet offer, make sure the odds are -10,000 or longer (i.e. -5000 is OK, but -15,000 is not). Also, remember to apply the First Bet Offer Token in your betslip when placing the wager.
5. For the $1500 first bet offer: If you lose your qualifying wager, you will receive either one bonus bet (if you wagered less than $50) or five equal bonus bets (if you wagered $50 or more).
6. For the $150 bet & get offer: If you win your qualifying wager, you will receive your winnings and three $50 bonus bets ($150 total).
7. Use your bonus bets within seven days (168 hours) so they don’t expire.

If you are not familiar with how bonus bets work, it’s important to know that they are different from placing a regular cash wager. You only receive the profits if you win a bonus bet, but you don’t receive the original value of the bet.

For example, if you win a $25 bonus bet at -125 odds, you will receive $20 in winnings as withdrawable cash in your account. In contrast, if you win a $25 cash bet with the same odds, your payout will be $45 because it includes the $25 stake and the $20 winnings.

That means if you lose $25 on your first bet, then win a $25 bonus bet, you may not get back the whole $25 you lost. You will only get back to even if you win your bonus bet at +100 odds or longer. A +100 bet would pay out exactly $25, while a bet with longer odds will return more than $25 if it wins.

BetMGM existing user promos

After claiming the BetMGM welcome offer, you should get in the habit of checking the promos tab for the BetMGM existing user promos. These promos are available to all eligible BetMGM users, and are not limited only to brand-new customers.

Here are a few relevant examples going on right now for the NBA and NHL playoffs and the MLB season:

• NBA and NHL Playoffs Odds Boost Tokens: Apply these tokens when placing bets on the NBA and NHL Playoffs to get a bigger payout if you win.
• No Sweat Home Run Token: Use this token when betting on any player to hit a home run in an MLB game and get your stake back in bonus bets if you lose your bet.

How to use BetMGM bonus code ALCOM1500 for NBA and NHL Playoffs or MLB games tonight

Looking to sign up today and place a qualifying wager tonight? Here are the games you can bet on:

• NBA Playoffs: Warriors at Timberwolves (Game 2, 8:30 p.m. ET)
• NHL Playoffs: Hurricanes at Capitals (Game 2, 7:00 p.m. ET); Oilers at Golden Knights (Game 2, 9:30 p.m. ET)
• Eight MLB games, including Phillies at Rays, Reds at Braves, and Dodgers at Diamondbacks.

If you’re in one of the states with the $150 bet and get offer, you will want to pick a bet that is very likely to win, since you only get your bonus bets if you win. Pick a bet with short odds and don’t worry about the low payout you will get, as the goal is just to earn the bonus bets.

One option for a bet like that is for the Warriors at the Timberwolves game not to go into overtime, which is priced at -10000, indicating a 99% probability of winning. Another option is Anthony Edwards 3+ assists at -2000 (implying over a 95% likelihood). Edwards averaged 4.5 assists this season and has career averages of 4.2 in the regular season and 5.5 in the playoffs.

If you are claiming the $1500 first-bet offer, you are better off placing a bet with longer odds and trying to win a nice payout. The promo gives you some security to take a bigger risk, since you will have a chance to use your bonus bet(s) to win back at least some of anything you lose.

Just remember that it’s difficult to use bonus bets to win back the entire amount you lost, and it’s possible you will lose your bonus bets as well. As always, do not wager anything you cannot afford to lose.

A good bet to place for that offer is Anthony Edwards to score 30+ points at +125 odds. Edwards struggled in the first half of Game 1, going 0-for-8 and scoring just 1 point, which led to coach Chris Finch challenging him to bring more energy in his post-game comments.

Edwards is the type of player who should respond well to being challenged by his coach, and he could be in store for a big night in Game 2. He scored 22 points in the second half of Game 1 and is averaging over 26 per game in the playoffs this season and 27.5 per game for his playoff career.