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One bettor used a $500 free bet to win $269,000 at BetMGM. (AP Photo/Phelan M. Ebenhack)

One sports bettor took advantage of a $500 free bet to win $269,000 on a multi-sport parlay at BetMGM. The good news for you? New BetMGM users can secure a $1,000 risk-free bet by using our exclusive bonus code: TODAY. Take advantage of this $1,000 risk-free bet by registering with BetMGM today.

The massive parlay payout at BetMGM came at odds of +538. The winning ticket featured three legs:

    • Super Bowl victory for the LA Rams
    • NBA Finals win by the Golden State Warriors
    • Stanley Cup title for the Colorado Avalanche

The bet was placed in December and paid out after the Avs defeated the Tampa Bay Lightning in the Stanley Cup Final on Sunday. 

Sign up here: Use BetMGM Bonus Code TODAY for $1,000 Risk-Free Bet

How Does BetMGM’s Risk-Free Bet Work?

BetMGM will match a new customer’s deposit with a risk-free bet up to $1,000. This means the amount of your wager will not be deducted from your account when your first bet is made. If your risk-free bet hits, your BetMGM account will be credited with the amount of the win. Can you imagine that amount being $269,000?

You can also wager $500 or $50 on your first bet. If your first bet loses, and it’s more than $50, BetMGM will issue free bets in 20% denominations that equal the amount of your initial wager. Important note: These free bets need to be used within seven days from the time they are received.

Using BetMGM’s futures odds as of today, a $500 parlay on the Buffalo Bills (+650), Golden State Warriors (+500), and Colorado Avalanche (+450) will return $123,250 if all three of the betting favorites win championships in 2023. The resulting parlay odds are +246.5-1, and there’s a 0.4% implied probability of winning.

Use Gaming Today’s parlay calculator to see what adding the Yankees or Dodgers at +450 odds does for your bet. In fact, you can calculate the potential payout of any parlay with our tool.

How One Bettor Turned Free Bet Into Thousands

The BetMGM punter’s parlay came with the Rams being dealt at +1000 and the Warriors and Avalanche both offered at +600. In retrospect, the resulting +538 parlay odds look like a gift given the quality of all three teams. But, let’s be honest, parlays are always inherently harder to hit as you need all the legs to be correct.

The Rams opened the NFL Playoffs with a dominant 34-11 win over Arizona in the wildcard round. But they won their next three games — including Super Bowl 56 — by a total of nine points.

In comparison, the Warriors and Avalanche cruised to their respective championships. Golden State finished with an overall record of 16-6 in the 2022 NBA Playoffs. Colorado, after sweeping Nashville in the opening round of the NHL playoffs, ended up with a record of 16-4.

How Do I Claim BetMGM’s $1,000 Risk-Free Bet?

Start by clicking here and then complete the registration process at BetMGM. Once your new account is open, make a deposit of at least $10 and use bonus code TODAY. Finally, make a $1,000 qualifying bet on any of many sports available at BetMGM.

That’s it! Claim the $1,000 risk-free bet by following this link and using the bonus code: TODAY. This is a great way to boost your bankroll with one of the sports betting industry’s most generous bonuses heading into the thick of Major League Baseball season.

Tap Here For $1,000 Risk-Free Bet At BetMGM

About the Author
Kris Johnson

Kris Johnson

Writer & Contributor
Kris Johnson is a Senior Writer at Gaming Today with more than 15 years of experience as a sports journalist. Kris' work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also authored a sports betting novel entitled The Endgame.

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