The ESPN BET promo code SHNEWS allows new users to recover a first bet miss on any bet up to $1,000 in bonus bets. Conversely, if you nail your first bet, it works like a normal winning wager that profits cash and returns your stake.

ESPN BET has rapidly expanded across 18 sports betting states, making it is one of the most widely-available sports betting apps. Click the module below to find the ESPN BET sign-up page where you’ll need to manually apply the promo code SHNEWS in order to be eligible.

The First Bet Reset is essentially a first bet insurance giving you a re-do with your stake, just in the form of bonus bets. Let’s go through a quick example of how the promo works.

Say I place a $500 +300 same game parlay. Here’s how the bet outcome dictates the promo:

How do I use the bonus bets?

ESPN BET divides your reimbursement into five payments of bonus bets. In the scenario above, I would receive five chunks of $100 in bonus bets.

Each $100 is treated as a singular bonus bet meaning it must be played in its entirety. If I want to use the bonus bet, it means I would have to stake all $100 in bonus on a wager.

Next, if a bonus bet wager wins, you profit cash just like any other bet. However, the stake goes back to the house since you can only play the bonus once.

You’ll have seven days to play any bonus bets you receive from the first bet offer. These can be played on various markets or sports events across the ESPN BET platform.

Follow these easy steps to qualify for the first bet insurance as a new customer in any of the 18 ESPN BET states.

Must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, or WV in order to wager. Must be 21+ years of age or older (18+ if in KY). New customers only. Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY). Call 1-800-GAMBLER (CO, IA, MI, NC, NJ, KY, OH, PA, IL, TN, VA), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777, 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), or visit www.1800gambler.net (WV).