ESPN BET is available in 17 states and offers one of the simplest sign-up offers in sports betting right now — bet anything, get $250 in bonus bets.
ESPN BET promo code NPNEWS unlocks that $250 with any wager. $200 will hit your account right away after you place your first cash bet, and another $50 will hit your balance in the following 24-48 hours. You’ll get the bonus bets in five, $50 increments and they can’t be split down any further than that.
ESPN BET’s standard offer without using a promo code is just $200. Also, if you previously had a PENN sportsbook account, you won’t be eligible for the $250, but you will get $200. Just download the ESPN BET app and login with the same credentials, and your account will transfer over.
Bonus bets expire in seven days, and you don’t keep the bonus bet itself — just the profit from those bets. So if you place a $50 bonus bet wager on the Panthers at +200 against the Saints and Carolina wins, you’ll profit $100 in cash ($50 x 2.0) but you won’t keep the bonus bet.
How to Use the ESPN BET Promo Code
There are two simple steps for using ESPN BET’s new customer offer.
First, make your first cash bet. If you had a PENN account already, you can use the money in your balance. If you didn’t have an account, you’ll have to make a deposit.
The first bet can be anything — $1, $10, $500. And the odds don’t matter. Make a bet at -850, +1500, -110.
Next, you’ll have to use your bonus bets, and remember, you have seven days to use them. That generally only gives you one full weekend of NFL betting.
We advise you use bonus bets on longshots, since you’re not keeping the stake. It may sound counterintuitive since many bettors want to lock in a profit on this money, but your expected value will always be higher if you’re betting longshots. The +300 to +500 range is usually a good fit.
What About the Deposit Match?
In addition to the $250 in bonus bets, you’ll get a 100% deposit match, but it unlocks at a 5% rate for every dollar wagered.
This means that although you’ll get your deposit matched with what they call Eligible Cashback, it turns into cash very slowly as you play more at ESPN BET.
Say you deposit the max $1,000 and get $1,000 in Eligible Cashback (which is different from bonus bets). Then you make a $100 bet. Because it unlocks at a 5% rate, you’ll get $5 cash in your account thanks to that $100 bet. Then you place a $200 bet — you’ll get $10 in cash in your balance.
This money slowly converts to real cash until you hit the max $1,000. But you only have 30 days to unlock it all. If you deposit the max $1,000, it will take $20,000 worth of wagers to unlock it all.
The good news is that you keep whatever you unlocked. So even if you deposited $1,000 but only make $500 worth of wagers, you won’t forfeit the Eligible Cashback you did turn into cash.
Signing Up at ESPN BET
- Download the ESPN BET app
- Register using all your real info — name, address, etc. If you already had a PENN sportsbook account, just login with your same credentials and your balance will appear.
- When signing up, use promo code NPNEWS to get $250. If you already had an account, you’ll only get $200.
- Make a deposit and any wager
- Get your bonus bets, and use them before they expire in seven days!
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