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BetMGM’s MASSIVE MLB Giveaway: $50K Bonus Bet Jackpot!

Updated June 23, 2024 | 1:28 pm CDT by Sam Smith

Oh, what a great weekend this is going to be. We have baseball galore awaiting us, and on top of that, BetMGM is bringing you the Grand Slam Jackpot — bet on a player to hit a home run this week, and if that home run is a grand slam, you will win a chunk of the $50,000 grand prize. Read on for more details on BetMGM’s MLB promo.

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BetMGM MLB Promo: Grand Slam Jackpot for $50K in Bonuses

This promo runs throughout the weekend, so you will have a few bites at the Grand Slam Jackpot apple. Here is how it works:

Bet at least $10 on any single player to hit a home run this weekend (must be at least +100). If that player happens to hit a grand slam on Friday, Saturday or Sunday, you will be eligible to receive a share of the $50,000 bonus bet prize!

If you are the only person to bet on a hitter who hits a home run with the sacks packed, you’ll take home the whole thing yourself. Otherwise, you will split the $50,000 with your fellow winners.

There are some further and conditions for this promotion that you need to note:

Keep in mind that only the first home run bet you make this weekend will count towards the promo. In other words, you can’t load up on home run bets to spread your wild oats, if you will.

Additionally, a winning home run bet will only qualify for the BetMGM Grand Slam Jackpot if it is placed on the game where the grand slam was hit. If you bet a player to hit a home run on Friday and he hits a grand slam on Sunday, you will not be eligible for a share of the $50,000.

Bonus bets will be issued within 72 hours and are not withdrawable. They also expire after seven days, so get your bets in quickly if you win the Grand Slam Jackpot! 21+. Gambling Problem? Call 1-800-GAMBLER.

Best BetMGM Home Run Pick for Sunday

If we’re looking for the guy with the best shot at hitting a grand slam, we should go with the one who is most likely to hit a home run today, right?

Well, that is one strategy, but it is probably better to make a responsible bet — that means the one offering the most expected value. We don’t just want to throw away a low-value bet simply for the glory of chasing a grand slam; let’s stick with the usual OddsShopper mindset of long-term profitability.

In that case, lucky for us, the guy with the most EV on BetMGM to hit a home run also happens to be one of the most likely home run hitters in of expected win rate: Yordan Alvarez. Alvarez has a 23% chance of going deep today, which leads the OddsShopper MLB betting model for BetMGM home run bets.

Now, at +333 odds, this bet isn’t overflowing with EV, but it is the best option on the board. Alvarez has a tough matchup in Baltimore but also has the platoon advantage — though he hits righties and lefties about the same.

Given Alvarez is top 10 in the American League in home runs and slugging, plus is rolling through a seven-homer month of June, +333 is relatively favorable. Sluggers like him often approach the mid +200s, so we’ll take +333.

Keep in mind that this is only the best value on BetMGM since that’s where we can win the Grand Slam Jackpot. There are higher-value home run plays out there; if you want a +EV home run bet, check out our MLB props and home run picks today. There you’ll find a home run play with a combination of odds and expected win rate that long-term makes it a profitable bet.

Best BetMGM Home Run Pick: Yordan Alvarez (+333)

Use OddsShopper and up to $1,500 in bonus bets if your first bet loses!
Categories MLB
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Sam Smith

Author

Sam Smith

Sam Smith is a writer and editor with Stokastic and OddsShopper. He has been immersed in the world of professional sports data since 2015 while also writing extensively on the NFL for a multitude of blogs and websites. With OddsShopper, Sam looks to blend his sports and editorial expertise with OddsShopper's data to bring you the best betting information possible.

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