Readers in 18 sports betting states can access a $1,000 first bet insurance by using the ESPN BET promo code SHNEWS. You’ll set up a new account with the promo code SHNEWS, make at least a $10 deposit and place a cash bet in order to activate the First Bet Reset.

A winning first wager doesn’t earn the bonus but profits cash just like any other winning wager. Meanwhile, the losing stake is covered up to the maximum $1,000.

Click below to find the ESPN BET sign-up page where you’ll need to manually apply the promo code SHNEWS in order to activate the offer.

You’ll find multiple playoff matchups in the NBA and NHL on Saturday and throughout the weekend. The playoff games are some of my favorite matchups to bet because the games mean more and are tighter competition.

You’ll find the respective one seeds playing in the NBA slate. Meanwhile, you can find some incredible NHL matchups including the New York Rangers vs. Carolina Hurricanes and the Dallas Stars vs. Colorado Avalanche.

However, any sport offered on the ESPN BET mobile app qualifies for the first bet insurance.

The $1,000 First Bet Reset is reminiscent of many welcome promos offered among the best sports betting sites. It allows you to either nail your first bet or cover the value of your missed stake in a loss.

Once you create the account and apply the promo code, make sure to make at least a $10 deposit and a cash bet of any size on any market or odds.

Let’s run through a quick example of how you could activate the offer.

Let’s say I create a +300 NHL same game parlay and place $500 on the parlay. Here are the two potential outcomes of the ESPN BET offer.

These bonus bets are funds to use within the platform and cannot be withdrawn since they aren’t cash. A wager funded by bonus bets can profit cash but no matter what the bonus bets disappear after playing them once through.

You’ll have seven days to use the bonus bets across the ESPN BET platform.

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).