About the Bonus

The "$1,000 Bet Reset" promotion, also known as the Sportsbook Insurance Bet & Get, is a notable offering from ESPN BET. This promotion allows players to receive up to $1,000 back in Bonus Bets if their initial cash wager results in a loss.

It is designed to provide an additional layer of security for sportsbook users, potentially making their betting experience less risky and more rewarding. This review aims to present an unbiased and factual overview of the promotion, outlining its benefits and drawbacks, and providing a detailed breakdown of the terms, wagering requirements, and how to claim the bonus.

ESPN Bet $1,000 Bet Reset Pros & Cons

Pros

Risk Mitigation: The primary advantage of this promotion is the insurance aspect. If the initial wager loses, players can recover up to $1,000 in Bonus Bets albeit with wagering requirements.

No Opt-in Required: Unlike many other promotions, there is no need to opt-in, simplifying the process for eligible players.

Wide Eligibility: The promotion applies to any market or game available on ESPN BET during the promotional period, offering flexibility.

Bonus Bets: The bonus is distributed in five parts, each valued at 20% of the initial wager, allowing for multiple opportunities to win.

Quick Application: Bonus Bets are applied to the player's account within 72 hours of the loss and can be used immediately.

Cons

Geographic Restrictions: Players must be physically present in specific states to participate, limiting access.

Short Usage Window: Bonus Bets must be used within seven days of receipt, requiring prompt action from players.

Non-withdrawable Bonus: Bonus funds are not withdrawable and can only be used for wagering on ESPN BET.

First Wager Only: Only the first eligible wager counts towards the promotion, which may limit its appeal for some players.

Exclusions on Certain Wagers: Bets settled as "Cash Out" or "Voided" do not qualify for the promotion.

Excellent Sports Coverage

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WNBA

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USD

CAD

2545

user reviews

$10

Min. First Deposit

Varies

Max. Withdrawal

1-7

Withdrawal Speed

1-4.9%

Vig

ESPN BET Make Any Bet Get $100

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Terms and Wagering Requirements

Eligibility:

Available to registered bettors with an active and verified account.
Players must be physically present in the following states: AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VA, or WV.

How to Claim the Promotion:

No Opt-in Required: Bettors automatically participate by placing an eligible wager.
Eligible Wagers: Only the first wager placed during the promotion period qualifies.
Bonus Distribution: If the eligible wager settles as a loss, bettors receive 100% of the wager back in Bonus Bets, up to $1,000, divided into five parts (each 20% of the initial wager).

Additional Terms:

Wager Funding: All wagers must be funded from the player's cash wallet.
Bonus Bet Usage: Bonus Bets must be used within seven days of receipt.
Wager Types: Bonus Bets can be used on any sportsbook market, including straights, parlays, and futures, but cannot be used for casino games.
Cash Winnings Only: If a wager using Bonus Bets wins, only the winnings are returned as withdrawable cash.

Restrictions on Withdrawal:

Bonus Funds: Non-transferable and must be wagered to be converted to withdrawable cash.
Manual Selection: Bonus Bets must be manually selected in the betslip window when placing a wager.

Rollover Requirements:

There are no specific rollover requirements for the bonus itself. The Bonus Bets are not withdrawable but can be used to place additional wagers.
Winnings from wagers placed with Bonus Bets are returned as withdrawable cash, with no additional rollover requirements attached.

Final Thoughts

The "$1,000 Bet Reset" promotion from ESPN BET provides an opportunity for bettors to mitigate potential losses. By offering up to $1,000 back in Bonus Bets, it adds a layer of security that can make betting more appealing, especially for those hesitant about losing their initial wager. The promotion is straightforward, with no opt-in requirement, and applies to a wide range of markets and games available on the platform.

However, the promotion comes with certain limitations, including geographic restrictions and a short window for using the Bonus Bets. Additionally, the bonus funds are not withdrawable and can only be used for further wagers on ESPN BET, which may not appeal to all bettors.