The excitement of Women’s March Madness begins with the First Four, and BetMGM is giving new bettors a strong safety cushion to get started. With its up to $1,500 safety net offer, your first wager is protected—meaning you’ll still have value to play with even if your pick doesn’t land.
This welcome promotion is designed to reduce risk while letting you enjoy the opening games of the tournament.
BetMGM Offer: Up to $1,500 Back in Bonus Bets
As the Women’s First Four tips off, teams battle for a place in the main bracket and a shot at the Final Four in Phoenix. BetMGM is making these games even more appealing by offering a first-bet insurance promotion.
New users can place a wager on any First Four matchup, and if it doesn’t win, BetMGM will refund the stake as bonus bets, up to $1,500.
This means you can get involved in March Madness action without taking on full risk right away.
How the BetMGM Safety Net Promotion Works
Here’s how the offer plays out:
Let’s say you place a $50 bet on Virginia to advance at -148 odds.
If your bet wins, you’ll receive a payout of $83.78 ($50 stake + $33.78 profit).
If your bet loses, BetMGM will return your $50 in bonus bets.
This gives you another opportunity to place wagers and stay engaged throughout the tournament.
How to Claim the BetMGM $1,500 Safety Net
Getting started is simple:
1. Register with BetMGM
Visit the BetMGM website or download the sportsbook app.
2. Create and verify your account
Enter your details and complete identity verification.
3. Enter the promo code
Use BETMGMBONUS during sign-up.
4. Deposit funds
Make a minimum deposit of $10.
5. Place your first bet
Wager between $10 and $1,500 on any Women’s First Four game.
If your bet loses, you’ll receive your stake back in bonus bets.
Important Terms to Understand
Bonus bets function differently from standard wagers.
When using a bonus bet:
You receive only the profit, not the stake
The bonus amount is not returned with winnings
For example:
A $40 bonus bet at +100 odds returns $40 profit
A regular $40 cash bet at the same odds would return $80 total
Understanding this helps you make the most of your bonus bets.
Women’s First Four Preview: Matchups to Watch
The First Four round sets the tone for the rest of the tournament, with eight teams competing for four spots in the main bracket.
One of the most compelling games features Virginia vs. Arizona State. The Sun Devils are making their first tournament appearance since 2019 after a strong season under new leadership. Virginia, meanwhile, returns after a solid ACC campaign, creating a matchup filled with motivation on both sides.
Another key contest sees Nebraska take on Richmond, with the winner advancing to face Baylor. Both teams enter with strong form, making this a high-stakes clash early in March Madness.
These opening games often deliver surprises, making them attractive for bettors.
Other NCAA Betting Promos to Consider
While BetMGM offers strong first-bet protection, other sportsbooks also have competitive March Madness deals:
bet365
Bet $10 and receive $365 in bonus bets, plus free spins in select states.
Fanatics Sportsbook
Earn up to $1,000 in FanCash over your first 10 days.
FanDuel
Receive up to $300 in bonus bets daily for 10 days.
Why BetMGM’s Safety Net Is Valuable
This promotion stands out because it:
Protects your first bet up to $1,500
Gives you a second chance with bonus bets
Makes it easier to start betting during Women’s March Madness
For new bettors, it’s one of the safest ways to get involved in the tournament while still having upside.
