Types of Wagers Accepted
Bet Types
What type of bets are there?
You can choose from three different types of bets. Starting with one pick, you can use the Straight bet option (single), with two or more picks you can place a Parlay bet, and with three or more picks you can place a Round Robin bet.
Please note: If you opt for more than two picks, the system proposes the Parlay mode by default. If you would prefer to place single or Round Robin bets, you need to select the desired option.
Specific Wager Types include:
- Moneyline
- 3-Way
- Spread/Handicap
- Totals
- Player Props
- Game Props
- Team Props
- Futures/Outrights
- In-game/In-play
- Next Occurrence
- Win/Place/Each Way
- Yes/No
- Awards (as specifically approved)
Patrons can find additional information on the specific wager types accepted and rules for each sport in the ‘BetMGM Sports Rules’ document located on the BetMGM platform.
What is a Round Robin Bet?
As soon as you have entered at least three or more picks (up to eight) on the bet slip, you can place a Round Robin bet. To do so, click on the “Round Robin” tab at the top of the bet slip. The number of possible Round Robin bets depends on the number of predicted outcomes. The bets possible with your picks will be displayed automatically. The main difference between Round Robin bets and Parlay bets is that you can win a Round Robin bet even if not all your picks are correct. For example, in the case of a 2/3 Round Robin bet, you win even if only two of your three predictions turn out to be correct. Please note that the amount of potential returns displayed when you place your bet corresponds to the maximum return, i.e. in the above example, they payout if all three of picks are correct. In a Round Robin bet, combinations of picks are formed. An example is as follows: You have selected four different picks and opted for a 2/4 Round Robin bet. This means that you will be placing a total of six bets, since there are six possible winning pairs based on those four predictions.
What is an Each-Way Bet?
An Each-Way consists of two wagers of equal stake on the same selection. One wager is placed on the selection to finish first and one wager is placed on the selection to finish in one of the place positions. Each component wager will have different listed odds, and the payout for a winning wager is determined by the finishing position (e.g., a payout for a first-place finish will be based on the listed odds for the selection to win, and a different payout for finishing in a place position will be based on the listed odds for the selection to place).