BetMGM Bonus Code ROCKYBET: Pick up a $1,000 Risk-Free Bet for NFL Week 7

by -

As the NFL season nears the midway point, football bettors can get a $1,000 risk-free bet from BetMGM Sportsbook for use in Week 7. All you have to do to obtain the risk-free bet is sign up using the BetMGM Bonus Code ROCKYBET. This bonus offer for NFL betting is available in 17 states plus the District of Columbia.

Get your $1,000 risk-free bet by using BetMGM Bonus Code ROCKYBET

BetMGM Bonus Code ROCKYBET: How to Claim Your $1,000 Risk-Free Bet

A risk-free bet means that if you lose that wager, BetMGM will give you back that amount or a portion of that amount in free betting credits. So, you can’t really lose.

Here’s how you get the risk-free bet by using BetMGM Bonus Code ROCKYBET:

  • Open a new account with BetMGM sportsbook in the state where you reside that permits legal sports betting.
  • Deposit a minimum of $10 into your account.
  • Submit a betting slip with a real money bet on the NFL, NBA, NHL, MLB Playoffs, or any other eligible wager.
  • Only your first wager will qualify as a risk-free bet from BetMGM, and only as much as $1,000.
  • If your qualifying bet loses, you are eligible for Free Bets in your account of up to $1,000.
  • If you bet less than $50 and your risk-free bet loses, your free betting credits will be in the same amount as that wager. For example, a $35 losing bet results in a $35 betting credit.
  • If you wager more than $50 and your risk-free bet loses, BetMGM will give you free betting credits in 20% portions. For example, a losing $1,000 bet will get you five $200 free bets in return.
  • BetMGM will automatically credit the free bets to your account within 24 hours of your qualifying betting event.

This bonus code offer is available to new BetMGM users only in these states: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Nevada, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. It’s also available in the District of Columbia.

How to Make the Best Use of a Risk-Free Bet

When a sportsbook like BetMGM is offering a risk-free bet like their popular $1,000 promo, there are some do’s and dont’s. 

Because the bonus code offer is good on your FIRST bet with the app, make sure to deposit as much as you want for a first wager that carries no risk. For example, to get the most out of the first bet, deposit the $1,000 and place your first bet for that amount. Register and open your new BetMGM account when you can best leverage the risk-free nature of the offer, knowing you’ll get any losses back on that wager. 

Because you only “win” a free bet if it loses, make your free bet a pick that you like, but which has low odds. In this way, you either get a significant payout should that bet win, or you get your amount returned in free bets if it loses. For example, pick the best underdog you like for the NFL and bet that as your first risk-free bet. Because either you will win (and get your winnings) OR the sportsbook will have to pay you the highest free bet amount.

NFL Picks for Week 7: Two Underdogs to Watch

We pick a few games that could be a great first bet using your risk-free promo from BetMGM.

Tampa Bay Buccaneers at Carolina Panthers (+500)

The Panthers are the longest odds available in Week 7, and lucky for you, they are a home team. That gives this a better feel for a possible upset than a road game. Sure, Tampa Bay is 6-1 in its last seven games against Carolina, but the Panthers’ defense has been more inspired the last two weeks. If the front four can put pressure on Old Man Brady, there’s a chance.

But you aren’t heartbroken if this bet loses when you use the BetMGM Risk-Free bet. Because at +500, if it wins on a $1,000 bet (your first, qualifying offer bet) you would win $5,000. But if the Bucs win (which they likely will), you get the full $1,000 you wagered back in five $200 free betting credits.

Houston Texans (+240) at Las Vegas Raiders

BetMGM has the total set at 45.5 points for this game. The total has gone over in 4 of Houston’s last 5 games when playing the Raiders. But there’s reason to believe that may not happen on Sunday, and a low-scoring battle means the underdog has a better chance to swipe a win.

The Texans’ defense has actually played better than the 1-3-1 record indicates. Houston has allowed nine touchdowns in five games this season, including four through the air — one of the lowest marks in the NFL. The Raiders won’t be able to run the football effectively against the Texans, which is why we think this will be a defensive struggle decided by the kicking game, special teams, and of course turnovers.

A winning $500 wager on the Texans on the moneyline would net you $1,200. But if you lose, BetMGM places $500 into your account as betting credit. This would need to be your first bet after the deposit to qualify for that scenario.