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During the NBA and NHL postseason, residents of Michigan have been given the opportunity to make the most of BetMGM Sportsbook’s overtime insurance sports betting promotion.
However, individuals who placed bets on NHL games would have derived significantly greater benefits from that arrangement compared to those who used the same incentive to bet on the NBA. This discrepancy is a fundamental aspect of the NHL’s structure.
As the playoffs continue in both sports, bettors can anticipate a leveling of the playing field. However, this also implies that the prime chance to take advantage of the promotional offer for NHL betting in Michigan may have already elapsed.
What BetMGM’s overtime insurance promo is all about
In essence, this concept serves as a motivating factor for placing moneyline bets on NBA and NHL playoff games. The promotion remains open for bettors in Michigan for both sports, and can be utilized multiple times at your convenience.
This is how it operates:
- Access or register for a new account on BetMGM’s application or website.
- If needed, please deposit funds (especially if you are a first-time user, as you can benefit from BetMGM’s welcome offers).
- Go to the promotions section.
- You have the option to participate in either the NBA or NHL Playoff Overtime Insurance promotion, or even both.
- You can place a moneyline bet on any NBA or NHL team participating in a postseason game.
- BetMGM will provide free bets to your account if the team you bet on loses in overtime instead of regular time, based on the amount you wagered, up to a maximum of $20.
For instance, if you had placed a $20 bet on the Portland Trail Blazers to win against the Denver Nuggets on June 1 using this promotion, you would have received a $20 free bet. This offer has already presented multiple chances to take advantage of.
How many overtime games have been played already?
The Denver-Portland game in this year’s NBA playoffs was among a total of three games that went into overtime by Tuesday night. This count includes the play-in games as well. The other two games were Golden State-Memphis on May 21 and Miami-Milwaukee on the subsequent day.
The NHL has witnessed an unprecedented phenomenon, with a color so indescribable that not even Crayola has a name for it. Astoundingly, a staggering 22 playoff games this season have extended into overtime. This accounts for a remarkable 34.4% of the total 64 postseason matches played as of Tuesday night.
It is reasonable to anticipate a decline in that rate as the NHL playoffs progress. If increased familiarity has led to longer games, then greater distance between teams should result in shorter matches.
NHL Overtime Is Tasty Playoff Recipe
One possible explanation for the high number of NHL overtime games thus far is the familiarization between teams competing in their respective series. The NHL implemented a distinctive scheduling format during the recent regular season, which involved teams exclusively facing opponents within their own divisions.
Furthermore, the scoring system in hockey naturally increases the chances of two teams being tied after regulation, unlike basketball. This is a straightforward conclusion.
The initial two rounds of the postseason in the NHL maintain the divisional concept, where the top four teams from each division compete within their own mini-tournaments. However, as the schedule progresses to the conference finals and ultimately the Stanley Cup Final, teams that have not previously faced each other during the season will be paired up.
It is highly likely that this arrangement might result in a decrease in overtime games. Nevertheless, due to the unprecedented scheduling format in the NHL, it is challenging to predict its exact outcome. The absence of any relevant historical data further complicates the analysis.
From a responsible gambling perspective, it is apparent that there is no longer any value in utilizing the BetMGM overtime insurance promotion for sports betting.
It rarely makes sense to chase promos
Should we consider discontinuing this overtime insurance promotion? It appears to be merely another tactic by sportsbooks to encourage betting and engage both new and existing customers.
In summary, if you have already decided to place a moneyline bet on an NBA or NHL playoff game based on your analysis and you find the odds at BetMGM favorable compared to other Michigan sports betting apps, there is no reason not to take advantage of the promotion. Opting into the promo does not incur any additional cost.
In the event that the team you bet on loses in overtime, you will still receive some site credit as compensation for your effort.
Nevertheless, it is seldom a prudent decision to place a bet that lacks confidence solely to pursue an overtime promotion. It is crucial to differentiate between real cash and site credit. Prior to withdrawing any of the funds obtained from site credits, it is necessary to place a bet using these credits at least once.
So far, there have been numerous NBA and NHL playoff games where this promotion can be utilized. However, there is no assurance that these opportunities will persist. Nevertheless, if you plan on placing a moneyline bet on BetMGM for such a game, there is little justification for not making use of this insurance.
Ensure that overtime is not your main motivation.
Can you please rephrase this?
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