Published on: January 7, 2025, at 07:30h.
Last updated on: January 7, 2025, at 07:30h.
BetMGM announced today the expansion of its Second Chance promotion to NBA and NHL betting, following its success during the NFL season.
The NBA Second Chance promotion is currently live and will be available every Friday until the end of the season. Starting on January 8, the NHL version will be offered on Wednesdays.
Starting now and offered every Friday during the regular season, fans who place a bet on a player to score the game’s first field goal will receive their wager back in cash if that player scores second. For the NHL version, users who bet on a player to be the first goal scorer will get their wager back in cash if that player scores second.
In essence, BetMGM customers who bet on an NBA player to make the first shot in a game will have their bet refunded if that player scores the second field goal. For NHL Second Chance, the bettor will receive a refund if the player they bet on to score the first goal scores the second.
BetMGM Second Chance Success in NFL Betting
Player prop bets, also known as proposition wagers, are gaining popularity in sports betting and are favored by some bettors for their perceived higher chances of winning compared to traditional bets on sides or totals.
Bettors enjoy these wagers because the odds are often in their favor, meaning they can win more money than they initially wagered. For example, in week 18 of the NFL, Atlanta Falcons running back Bijan Robinson had odds of +275 to score the first touchdown of the game.
In the past, prop bets were primarily for the Super Bowl, but the demand for such bets has led gaming companies to offer them more frequently. Nowadays, prop bets are available on most days in the sports betting calendar.
During the 2024 NFL season, BetMGM saw a 110% increase in first touchdown wagers thanks to the Second Chance promotion.
Second Chance Boost for NHL Betting
Although the NHL has been less popular among US sports bettors compared to other major leagues, the BetMGM Second Chance promotion could attract more bettors to NHL games.
Bets on the first goal scorer in NHL games can be lucrative, with odds ranging from +900 to +1600 for tonight’s games.
While predicting the first goal scorer can be challenging, the “insurance policy” offered by BetMGM could be appealing to bettors.