BetMGM extends Second Chance promo for NBA, NHL betting

Posted: 7 January 2025, 07:30 pm.

Last updated: 7 January 2025, 07:30 PM.

BetMGM said today that it is bringing its Second Chance promotion to NBA and NHL bets on a limited basis after the offering grew in popularity during the NFL season.

The Second Chance promo for NBA games, which is ongoing, will run every Friday until the end of the season. Starting January 8, the NHL version will be offered on Wednesdays.

Now live and offered every Friday during the regular season, fans who place a direct bet on a player to score the first field goal of the game will get their bet back in cash if that player scores the second. (Second Chance paid through withdrawable unrestricted funds),” according to BetMGM. “Every Wednesday during the regular season, beginning on January 8, users who place a direct bet on a player to become the first goal scorer , let them cash their bets will be refunded if that player scores the second (second chance is paid through withdrawable unrestricted funds).”

In simple terms, a BetMGM client who bets on an NBA player to make the first shot in a specific game has his or her wager refunded if that player makes the second field goal. For NHL Second Chances, the bettor gets his money back if the player he was betting on to score the first goal scores the second goal.

BetMGM Second Chances Worked At NFL Betting

Player proposition bets, known colloquially as “prop bets”, have increasingly become part of the sports betting lexicon due to the perception by some bookmakers of being easier to win than sides or totals. Has become dear. This is not necessarily true, indicating that prop bets can have favorable economics for operators.

In a bygone era of sports betting, prop bets were largely reserved for the Super Bowl, but the popularity of such bets tied to that event forced gaming companies to increase the availability of such offerings. Currently, not many days go by on the sports betting calendar that some prop bets are not offered.

Exclusively for BetMGM, the operator acknowledged that the Second Chance marketing plan was successful. The operator said that during the 2024 NFL campaign, first touchdown bets increased by 110% with the help of the promotion.

Second chance could boost NHL betting

The NHL has long lagged behind the NFL, NBA and Major League Baseball (MLB) in popularity among American sports bettors, but it's possible the BetMGM Second Chance promotion could bring more bettors to the hockey arena.

First goal scorer bets in the NHL can be lucrative. The lowest odds on such bets for tonight's NHL games range from +900 (bet $100 to win $900) to +1600.

Of course, getting this right is easier said than done and this is where the “insurance policy” offered by BetMGM can be attractive to punters.