How to Place Bet at BetMGM

The introduction of online sportsbooks has made betting easier than it ever was. Nowadays, you can have your own sportsbook within reach of a hand, as long as you have a mobile device with an internet connection.

And while the technology has made betting far more accessible, the sports betting providers themselves work relentlessly to make their services user-friendly, fast and, and of the highest quality. With so many sportsbooks in the market, it's often hard to choose your go-to sports betting provider, but if you're looking for quality, you can't go wrong with BetMGM.

As one of the most popular sportsbooks, BetMGM stands tall as one of the world's best online sports betting providers and is definitely worth a look for any sports bettors. This guide takes a look at how to place a bet at BetMGM and answers what any bettor needs to do to place wagers on one of the top sportsbooks.

BetMGM Account

If you don't have a BetMGM account - CLICK HERE

Naturally, you will need a BetMGM account before you can place your first bet on the side. And BetMGM makes this process as straightforward as it can get, offering a fast and easy registration process, which shouldn't take you longer than a couple of minutes.

After you're done with creating an account, all there is left to do is to log into the website or mobile app and fund your betting account. Bettors can log into the website by clicking the "Log in" button at the top of the screen, navigate to your personal account, and click on "Deposit.”

Deposits at BetMGM are secure, fast, and instantly credited to your betting account. You can fund your BetMGM account via several methods available on BetMGM. Those include:

E-Check
Credit or Debit Card
Online Bank Transfer
PayNearMe
Play+
PayPal
TAPPP
AMEX
Skrill
Cash

If you're depositing funds via a mobile app, available for both iOS and Android, you can do so by navigating to the "Deposit" button on the top-right header and select your desired deposit method.

The deposit methods for mobile are the same as on the website, and also enjoy all the perks, including speed and no fees from BetMGM (some financial institutions may charge a fee).

Pick What You Want to Bet On

After you've created your account and added funds, you're all set to start betting on BetMGM. With a large selection of sports and leagues, you will be spoiled for choice, so after carefully examining the games and betting odds, all there is left to do is make your selections official.

Suppose you want to bet on basketball or any other sport; you must navigate to the "Sports" section of the website and select your bets. All your selections will be added to a bet slip, allowing you to double-check the games you choose before you lock in your predictions.

The bet slips also serve a different purpose: to allow bettors to choose their bet singles, i.e., each game separately or multiples. With the latter option, you can combine all your bets into one, which holds a higher risk and potentially higher yield than single bets.

Like any other online sportsbook, BetMGM also offers bettors to pick between multiple different bets, such as doubles, three-folds, four-folds, Trixie, and more. In some instances, choosing a different bet to singles might award you with a bonus to your payout.

Finalize Your Bet

After deciding on which games you want to bet and the type of bet you want to choose, the final step is to enter a stake and finalize your wager. How much you want to risk comes down to personal preference; however, most bettors prefer to keep their wagers at 1% of their bankroll, with some going up to 5%.

The amount of money you wager on each bet or multiple is subjective and heavily depends on the size of your bankroll and the betting system you're using for online sports betting. Once you decide on your wager, you simply have to click the "Place Bet" button, and your selections will get locked in.

By finalizing the process, your BetMGM account funds will get put on your selections, which will mark as pending. You can follow your bets and double-check what you've bet on, and also access your betting history by navigating to "My Account" and select "My Transaction.”

Betting on Your Phone

If you want to bet on BetMGM on your phone, you can download BetMGM mobile app for free and enjoy the luxury of betting on the go. The process of betting via a phone is just as simple as on your computer, with no added steps.

1. On the homepage, choose the game you want to bet on through the top navigation bar or in the A-Z footer menu.

2. Select your desired sport, league, and bet, and click the "Bet Slip" icon

3. Enter your wager and click on "Place Bet"

Withdrawing Money

If you wish to withdraw your winnings from BetMGM, the process is as simple and quick as making a deposit. To withdraw funds from your BetMGM account, you need to navigate to the "My Account" section in the top right corner and click on "Cashier.”

Select the "Withdrawal" tab, click on your desired method, and follow the steps to finalize your withdrawal. On BetMGM, you can withdraw your winnings via one of nine methods, including:

Visa – within 24 hours
PayPal – within 24 hours
VIP Preferred – 2 to 4 business days
Online Banking – 2 to 4 business days
Instant Banking – 2 to 4 business days
Play+ – within 24 hours
Cage (applicable in MI and NJ) – within 1 hour
Skrill (applicable in MI and NJ) – within 24 hours
Check by Mail – 7 to 21 days

Depending on the withdrawal method, you might need to wait up to three weeks to receive your funds. In some rare instances, your withdrawal might be delayed.

That includes situations where wagering criteria aren't met and when you start several withdrawals requests – which might get merged into one.

All withdrawals have an internal review period of 24 hours (in most cases) - which once approved, your funds will be credited according to your payment provider's processing time.

How to Place Bet at BetMGM – FAQ

Are the odds on BetMGM Sports App the same as in the Borgata Sportsbook?

The odds offered on BetMGM Sports App or online may vary slightly between the counter and BetMGM App/site. BetMGM reserves the right for their oddsmakers to review the odds and adjust them as they deem appropriate.

How old must you be to place bets with BetMGM?

You need to be at least 21 years old to place bets on BetMGM mobile app or on the BetMGM site.

Why is my deposit not showing in my BetMGM account?

If you have made a deposit on BetMGM via the site or mobile app and your funds aren't showing up in your account, you might have an active Casino or Poker bonus, in which case you need to visit the "My Bonuses" section and drop the active bonus that is restricting your money.

In case this doesn't solve your problem, you should contact BetMGM customer support

What is The Minimum Bet on BetMGM?

The minimum bet on BetMGM is $0.50, while the maximum payout is $1,000,000. The maximum payout limits are established by limiting the amount wagered and can't be applied to reduce a winning wager amount.