First Bet Offer to be paid in bonus bets up to $1,000 if your first bet loses. Terms and conditions apply. 21+ years old and located in any of the states where BetMGM is legal and licensed Valid in NJ, WV, IN, CO, NV, MI, PA, TN, IA, VA, DC, AZ, NY, LA, IL
March Madness 2022 is in full swing and we have already reached the Sweet 16 stage after turbulent couple of rounds in which we saw more than a few upsets and surprises. In any case, the NCAA Tournament this year seems like one of the most exciting ones in recent memory and true fans of college basketball are certainly pleased with the way things are going so far, even though the results in the first two rounds have probably ruined most of your prediction brackets.
At this stage, the field looks wide open and while there are certainly a few favorites (Gonzaga, Arizona, Kansas), it seems that the road to the Final Four is more open than ever for some of the lower-seeded teams. While that’s exciting from a perspective of a college basketball fan, if you also like to bet on March Madness, it’s probably not that great.
That being said, if you are thinking of betting on Sweet 16, BetMGM might be a good choice for a bookie. This operator is licensed in many states in the US (ten at the moment) and they have a very nice welcome bonus for new players that you can claim if you register with our promo code WABPLAY. In addition to this, you can find some interesting BetMGM March Madness offers on their website as well.
BetMGM Welcome Bonus and How to Get It
As we already mentioned, new players at BetMGM can claim their unique welcome offer, which is a First Bet Offer worth up to $1,000. That basically means that, once you register on the website and place your first bet on any sport and any odds, you can get your stake back if the bet turns out to be a losing one – up to the maximum amount of $1,000 in bonus bets.
Of course, this welcome offer comes with certain terms and conditions. Most importantly, you need to use our BetMGM promo code WABPLAY during the registration process to become eligible for the promotion. Secondly, it’s important to note that you don’t get anything if your first bet is a winning one, although it’s certainly better to win your first bet and have cash at your disposal instead of a bonus bet.
In any case, if your first bet loses, you will get your stake back in form of Bonus Bets. If your first bet was worth up to $49, you will receive one Bonus Bet worth as much as your stake. However, if you staked $50 or more on your first bet, you will get five Bonus Bets, each of them worth 20% of your initial bet. For example, if you place $1,000 on some Sweet 16 game and lost, you will get 5 Bonus Bets worth $200 each from BetMGM.
This BetMGM promotion, which is also available in New York after the state recently legalized sports betting apps, allows you to use the bonus bets that you receive on any sports and any odds. However, keep in mind that you have to use your bonus bets within 7 days of getting them and that the value of a bonus bet doesn’t count towards the winnings. For example, if you place one of your $200 bonus bets on +100 March Madness odds and win, you will only get $200 back in cash, not $400.
BetMGM Promotions for Existing Players
In addition to the welcome offer for new players on the website, BetMGM has regular promotions for their active members. These promotions range from different types of bonuses, cash-backs, to the odds boosters and more. Here are some of the current BetMGM promos:
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Bet $10, Win $200 on March Matchups – Place a bet of at least $10 on March Matchups and as long as a team hits a 3-point shot at some point in the tournament, you’ll get $200 in Bonus Bets (4 x $50 Bonus Bets).
- Get a $10 Bonus Bet for Sweet Sixteen – Place a pre-game or live bet of at least $50 on the NBA and get a $10 Bonus Bet for March Matchups for the Sweet 16 Round
- Get $50 to Refer a Friend – Use the BetMGM Refer A Friend invitation to get your friend to register an account on the website and you will both receive a refferral bonus worth $50. You can find detailed terms and conditions for this promotion here.
March Madness Sweet Sixteen – What Can We Expect?
As we said at the start of this text, the NCAA Tournament 2022 has proven to be rather unpredictable. Some huge upsets in the first two rounds led to some big names, like Baylor and Kentucky, to go home way earlier than expected. Next up is the Round of 16 and the teams will fight for their spot in the Elite Eight stage, which is one step closer to the Final Four – where the dreams come true and champions are forged.
In any case, there are some very interesting pairs in the Sweet Sixteen phase, such as Texas Tech vs Duke, Gonzaga vs Arkansas, and Kansas vs Providence. Gonzaga is still the main favorite as the number one overall seed in the tournament, but other teams wait for their opportunity as well, like Villanova, Duke, Kansas, and Arizona. Of course, we are likely to see some more surprising results in this stage as well – perhaps Saint Peter’s can keep their improbable story going for a bit longer?
Conclusion – Use BetMGM Welcome Offer to Bet on March Madness
With March Madness reaching the Sweet Sixteen stage, there’s not a lot of time left for you to join the fun and bet on this event. The First Bet Offer at BetMGM reserved for new players who use our promo code WABPLAY during registration awaits you and you can use it to bet on any March Madness 2022 game that you like.
BetMGM Classic Sportsbook Offer: The first bet offer up to $1,000 in bonus bets! Terms and Conditions: 21+ years old and located in any of the states where BetMGM is legal and licensed. Valid in NJ, WV, IN, CO, NV, MI, PA, TN, IA, VA, DC, AZ, NY, LA, IL Classic Sportsbook Offer: First Bet Insurance up to $1,100! Refer a Friend: Earn a $100 Bonus Bet Terms and Conditions: 21+ years old and located in any of the states where Caesars is legal and licensed. Valid in NJ, WV, IN, CO, MI, TN, IA, NY, IL BetRivers Offer: Get up to $250 Bonus Match on your 1st Deposit! March Madness Offer: 20% Profit Boost Every Day for March Madness Terms and Conditions: 21+ years old and located in any of the states where BetRivers is legal and licensed. Valid in NJ, IN, CO, MI, IA, NY, IL, PA, VA DraftKings Sportsbook March Madness Offer: 20% Deposit Bonus of up to $1,000 Daily Fantasy Sports: Deposit Bonus up to $500 Terms and Conditions: 21+ years old and located in any of the states where DraftKings is legal and licensed. Valid in PA, WV, CO, IN, IL, IA, TN, VA, MI, NJ, NY, and LA FanDuel Sportsbook March Madness Welcome Offer: Up to $1,000 Risk-Free Bet Daily Fantasy: Two Free Entries if you deposit $10 Terms and Conditions: 21+ years old and located in any of the states where FanDuel is legal and licensed. Valid in PA, WV, CO, IN, IL, IA, TN, VA, MI, NJ, NY, and LA
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Refer a Friend: You and your friend can get $50 bonus