ESPN BET promo code LABSNEWS unlocks a new offer from the worldwide leader — $150 in bonus bets after a cash wager on anything. So just make a $10 deposit (that’s the minimum deposit), make any bet, and you’ll get the $150 in bonus bets shortly after.
The bets will come back in six increments — five $20 bonus bets, and one $50 bonus bet. You can use them on any games, and you’ll keep the profit from those wagers, but not the stake itself.
If you’ve previously had a PENN account, you won’t be eligible for a welcome offer.
How to Use ESPN BET’s Promo This Weekend
We always recommend using bonus bet wagers on plus-money markets because you don’t keep the stake of the bonus bet. The expected value will always be higher when you’re betting a longshot. But because you only have so many bonus bets, you don’t want to make six wagers at 200-1.
Bonus bets work like they do at most other sportsbooks. You keep any profit, but not the stake itself. So if you place a $20 bonus bet wager on the Ravens at +150 against the Steelers and they win, you collect $30 profit ($20 x 1.5) but you don’t keep the bonus bet itself.
There are two ways you can approach your bonus bets:
- Conversion, which requires you to use your bonus bets then hedge the other side of the same bet at a different sportsbook (you can read about how to do that here).
- 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.
The following bets are in range of our expected value target between +300 and +500, and ESPN BET has the best price in the market, or close to it.
Bet 1: Hornets +360 vs. Bulls
ESPN BET has the best price on market on the lowly Hornets, who have just eight wins on the season. They had lost 11 straight before beating the Kings on the road in their last game.
Bet 2: Illinois +450 vs. Purdue (CBB)
Illinois is a top 10 team in the country by most metrics, but Purdue is among the top 2-3. Most sportsbooks price this around +425, but ESPN BET is north of that.
Bet 3: Pistons +365 vs. Warriors
Another lowly NBA team? Yep. The Pistons snapped their historic losing streak against the Raptors last weekend
Feel free to keep using your bonus bets throughout the weekend, but this is a good place to start. You can also make a few parlays to achieve plus-money value, though it’s not quite as efficient from a mathematical perspective.
How to Sign Up at ESPN BET
- Download the ESPN BET app. If you’re in an ESPN BET state but don’t live there, you can still sign up. You just have to be physically located in a legal state.
- Enter promo code LABSNEWS at checkout.
- Make a deposit, and make any bet. Soon after (up to 72 hours but it should be almost instantly) you’ll get your $150 in bonus bets.
- Use those bonus bets in seven days before they expire. Any profit from those wagers, you’ll keep the cash.
