ESPN BET Promo Code NEWSWEEK: Land $1K Reset Bonus for Saturday MLB

As you sit back and celebrate a holiday weekend, the ESPN BET promo code NEWSWEEK unlocks a stellar welcome offer for first-time bettors. The $1,000 First Bet Reset ensures that a loss on Saturday’s MLB slate or another sport this weekend activates a full refund in bonus bets, giving players more opportunities to win cold, hard cash.

ESPN BET Promo Code NEWSWEEK: $1,000 First Bet Reset for MLB

Since launching in November, ESPN BET has become one of the industry’s most successful online sportsbooks. As more bettors arrive at ESPN BET, the site gives new players using the promo code NEWSWEEK a $1,000 first bet on the house. Place up to a grand with your first cash wager, and ESPN BET will “reset” a loss with bonus bets.

New ESPN BET customers must enter the code NEWSWEEK during registration to activate the offer. Next, they must place up to $1,000 on any betting market, including MLB. Saturday’s baseball late features lots of incredible betting options, like Red Sox-Yankees, Astros-Twins, Brewers-Dodgers and Phillies-Braves. A qualifying cash wager on a moneyline, over-under, run line or player prop returns the stake in bonus bets after a loss. Alternatively, a victory nullifies the First Bet Reset and pays out the standard cash winnings.

After entering the promo code NEWSWEEK and creating an account, ensure your first cash wager is $5 or more with minimum odds of -200. If you lose, ESPN BET will pay five (5) 20% bonus bets that expire seven days after receipt. For example, if a $1,000 wager on the Yankees’ -195 moneyline loses, the bettor will receive five (5) $200 bonus bets. If New York wins, a $1K stake pays out $512.82 in withdrawable cash profit.

ESPN BET Reset vs. Other Insurance Promos

The First Bet Reset is ESPN BET’s version of bet insurance. Other sportsbooks, like Caesars and BetMGM, have new-player offers that cover a loss with bonus bets. However, there are critical differences bettors must understand before creating an account.

ESPN BET and Caesars both cover first-bet losses worth up to $1,000. However, Caesars’ refund arrives as a one-time bonus bet. That means a $1K wager on any MLB returns a $1K bonus bet after a loss. With ESPN BET, the bonus arrives in five stakes worth 20% of the original wager. This gives players more chances to replenish their bankroll, though it might take a bit longer.

BetMGM’s First Bet Offer has a…