Bet $10, Get $150 in Bonus Bets if You Win!
Paid only if the qualifying bet wins, as 6 bonus bets of about $25 each, each expiring 7 days after it is issued. Nothing is paid if that bet loses, and a hedge cannot change that.
- Qualify: bet $10 at this book on a market near even money, and hedge the other side at a second book. It costs about $0.20. The bonus is paid only if this bet WINS, and the hedge cannot change that: at even money that is about 50% of the time (a prior).
- If it wins, convert: place each $25 bonus bet at +300 and hedge $60 cash on the other side at another book. If both bets are accepted and stand, you keep at least $15.00 whichever side wins. Repeat for all 6 bonus bets.
- Expected value about $44.80: 50% of $90.00 kept, less $0.20. Not a locked amount: the other 50% of the time you hold no bonus, and a bonus bet not used within 7 days is lost.
Secondary source: BetMGM's own Michigan promotions page loads as a script shell with no readable terms. Paid only if the first bet, $10 or more, WINS; nothing is paid if it loses. Rotowire (promo last verified 2026-10-09), Action Network (updated 2026-10-06), Sportsbook Review's Michigan page (2026-10-05) and Covers' Michigan page (verified 2026-10-09) agree, and name Michigan, New Jersey, Pennsylvania and West Virginia as the states for it; Covers' prose once describes an 'unsuccessful wager', against its own headline and the other four. Bonus bets expire 7 days after issue (Sportsbook Review). The split into six $25 bonus bets is from Covers alone. Rotowire's 2026-10-05 Michigan article says a first bet of $5+; the others say $10. No minimum odds were read. source, read 2026-10-15.