ESPN BET promo code LABSNEWS unlocks $150 in bonus bets after you deposit $10 and bet anything on any game.
You’ll get five, $20 bonus bets right away, and then one $50 bonus bet will hit your account 24-48 hours later. That’s because our offer with ESPN BET promo code LABSNEWS is higher than what ESPN BET is offering on its site.
You won’t be eligible to claim this offer if you’re transferring over an old PENN account to ESPN BET.
Signing Up with the ESPN BET Promo Code
- First, download the ESPN BET app, or head to ESPNBET.com if you’re on desktop.
- Enter all your real information — don’t use a fake name, or a fake address. If you do, ESPN BET can’t verify your identity and you won’t be able to deposit. All sportsbooks tie your account to your identity using the last four digits of your SSN so you can’t make multiple accounts. Using an incorrect address can cause problems with the verification process.
- For the fastest verification, make sure the address on your license matches the one you enter. If not, it could take a few days for ESPN BET to manually verify your account and allow you to bet.
- Enter ESPN BET promo code LABSNEWS.
- Make a $10 or more deposit using any method (debit card is usually pretty reliable, moreso than credit cards depending on your provider).
- Make a first bet of any amount. You’ll get the $100 in bonus bets pretty soon after, then another $50 in a day or two.
- Use your bonus bets in your first seven days or they’ll expire.
Optimal Way to Use ESPN BET Bonus Bets
The mathematically optimal way to use bonus bets is on plus-money wagers. That’s because you’re not keeping the stake. The higher the line, the more value you’re getting, but you obviously don’t have infinite bonus bets.
Bonus bets at ESPN BET follow a similar pattern to other bonus bets at sites like FanDuel and DraftKings. You keep any profit from the bonus bets, but not the stake of the bonus bet itself. So a $20 bonus bet wager on Melvin Gordon to score a TD vs. the Ravens at +300 will return $60 cash if he scores, not $80 like a normal cash bet.
Generally, there are two ways you can approach your bonus bets:
- Conversion (explained here) requires you to hedge the opposite side of the same game at a different sportsbook, guaranteeing your bonus bets turns into 60-70% of the value in cash.
- Maximizing your expected value, which is the act of putting bonus bets on plus-money wagers in tight markets in which your sportsbook has the best odds available.
If you’re going for expected value, you should try to find lines between +300 and +500 in tight, two-way markets in which ESPN BET has one of the best prices of any sportsbook. That means touchdown scorers are not a great option, because they’re not two-way — you can only bet the “yes” side at most books (though ESPN BET you can bet both).
ESPN BET Promos for Existing Users
One way that ESPN BET is trying to differentiate itself is through branded promos for existing users. Other sportsbooks do this with odds boosts, small no sweat bets and profit boosts, but ESPN BET is branding them and requiring no opt-in for many of them.
NBA 50-point special: If you place pregame cash wager on any NBA moneyline game in which there was a 50-point scorer, one of two things can happen. If your ML bet loses, you’ll get refunded in bonus bets equal to what you bet. If your ML bet was a winner, you’ll double your payout.
NHL shootout protection: If you place a pregame NHL moneyline wager that settles as a loss due to the chosen team losing in a shootout, you’ll get refunded in bonus bets, up to $100 per bet.
NCAAB Buzzer Beater Protection: If you place college basketball moneyline bet that settles as a loss due to your team losing a game due to a “buzzer beater”, you’ll get back up to $100 in bonus bets.
Primetime Power Hour: Between 7-8 PM ET, ESPN BET will enhance the price of all ‘First TD Scorer’ markets available for all of the NFL Primetime Games (Thursday Night, Sunday Night & Monday Night). This SNF is the last chance for this season, as the promotion expires on Jan. 7.
