BetMGM bonus code LABSTOP gives new users up to a $1,000 risk-free bet for a loaded college basketball slate this Tuesday. Click here to claim the offer now!
The 2022-23 college basketball season tipped off last week, but today marks the first big night of college basketball, as far as premier matchups go.
College hoops fans can get in on Tuesday’s action with the current BetMGM promo to receive a risk-free bet up to $1K. Two of the most intriguing matchups are brought to us via the State Farm Champions Classic: No. 4 Kentucky vs. Michigan State and No. 7 Duke vs. No. 6 Kansas, both airing on ESPN.
With more uncertainty early in the season, picking basketball games isn’t easy. That’s why you should claim this excellent promotion from BetMGM Sportsbook. Here’s everything you need to know to sign up for the bonus code now.
Get a $1,000 Risk-Free Bet!
BetMGM Bonus Code for CBB Tuesday
This sportsbook promotion offer is available all week long. So if you miss Tuesday’s games, or simply don’t like any of the lines, feel free to wait for a better spot later in the week.
I, however, LOVE tonight’s slate. It’s finally time for some Top-25 basketball. It’s time to watch blue bloods go head-to-head. It’s time to watch Duke in the post-Coach K era. The best part? Thanks to the BetMGM bonus code, I don’t even have to sweat my bet.
Anyways, Here’s how to claim a risk-free bet up to $1,000 before things tip-off.
- Click here to sign up
- Enter your information, like name, date of birth, etc.
- Use the promo code LABSTOP when checking out
- Deposit $10 or more into your new account
- Make your first wager up to $1,000 on an upcoming basketball game
- If your first bet loses, receive a refund in the form of free bets, courtesy of the BetMGM bonus
Easy enough. How do the risk free bets work, exactly?
Say you bet $100 on the Michigan State Spartans moneyline, which is currently +240 on the BetMGM app. If Michigan State wins outright you’ll receive $240 in winnings + the initial $100 you risked.
If Michigan State loses, BetMGM will add $100 in bonus funds to your account. You can use your free bets to wager again, on any sports you want.
How To Use The Bonus
I used Michigan State in the example above because the best way to use risk-free bets from sportsbooks is to bet on underdogs with low implied odds.
By betting on underdogs, you maximize the expected value of the BetMGM bonus code (and other free-bet promos like it).
Why is this? In a way, it’s because the only way to earn a free bet at first is to lose. It sounds counterintuitive, but it’s true. That’s why you should bet on something with low implied odds and a larger payout as your first wager. You basically get a free roll at a plus-money situation.
To be clear, winning an underdog pick and getting paid out multiple times your initial wager is the best case scenario when using a risk-free bet promo.
If you lose, as it’s likely to do, then you get refunded with the free bets added to your account.
BetMGM College Basketball Odds
With all of that out of the way, you now know how to sign up for the BetMGM bonus code and use your risk-free bet optimally. So now let’s get to the fun stuff — Tuesday’s college basketball odds!
The following two games are getting by far the bulk of the betting handle at BetMGM and other sportsbooks alike. We’ll include consensus betting data below the odds for each matchup.
No. 4 Kentucky vs. Michigan State, 7 PM ET (ESPN)
- Michigan State Odds: +240
- Kentucky Odds: -320
- Spread: MSU +6.5, UK -6.5
- Over/Under: 140.5 Points
According to consensus data shows only 41% of bets against the spread are on Michigan State. 63% of bets are on the over, but 52% of the money is on the Under. 75% of moneyline bets are on Michigan State to win outright.
Takeaway: Moneyline bettors like the underdog.
No. 6 Kansas vs. No. 7 Duke, 9:30 PM ET (ESPN
- Kansas Odds: +110
- Duke Odds: -130
- Spread: KU +1.5, DUKE -1.5
- Over/Under: 144.5
According to consensus data shows 65% of bets against the spread are on Kansas, while the money is split evenly 50/50. 67% of bets are on the over, but 85% of the money is on the Under.
Takeaway: Sharp money is on the under.
Here are some other interesting moneylines and underdogs that you may want to use for your first wager after signing up with the BetMGM bonus code:
- Winthrop +1100
- Buffalo +1400
- Stanford +175
- South Alabama +450
- UNLV +155
