After partnering with PENN Entertainment in a $1. 5 billion deal, ESPN entered the sports market on November 14, 2023 by launching ESPN BET in 17 states.
ESPN BET, owned by PENN Entertainment, is the rebranded edition of Barstool Sportsbook, so existing Barstool consumers may already be familiar with the app.
With that in mind, let’s see how ESPN Bet compares to the competition.
PENN Entertainment became an established sports betting logo when it partnered with ESPN in August 2023. For bettors who are already familiar with ESPN BET’s predecessor, Barstool Sportsbook, the app is similar in appearance, ease of use, and functionality.
The main difference? The app now features ESPN branding, so many promotions are tied to ESPN “personalities” like Mike Greenberg and Elle Duncan. The app is also more high-tech than its predecessor.
If you’re not familiar with Barstool Sportsbook, ESPN BET is just like other sportsbooks. It offers everything consumers would expect from a reputable bookmaker, adding a welcome offer, odds boosts, plenty of banking options, fast loading times, and a checking account. mobile application.
Yes, it is subsidized through ESPN, one of the most prominent sports logos in the world. It is operated through PENN Entertainment, an established and reputable logo in the casino industry.
After spending over a billion dollars to partner with ESPN, PENN Entertainment is a legit company that has invested heavily in ESPN BET. The platform is reliable.
ESPN BET is located and operates in 18 states.
ESPN BET says:
Another recent sportsbook, ESPN BET, was launched in November 2023 after being rebranded as Barstool Sportsbook. Users have highlighted its clean interface, fast loading times, timely payouts, and quick odds updates.
That said, placing bets can be a bit faster and stop, so the app may still need some minor updates.
ESPN BET offers a wide diversity of sports lines for countless games and matches in many sports around the world.
After opening an account and making a genuine cash deposit, which will require you to establish your identity and be physically located in a regulated sports betting state where ESPN BET is operational, you will be able to bet on all available markets.
Signing up for ESPN BET takes a few minutes.
Before you place bets on ESPN BET, you want to know how to read the lines.
ESPN BET lists U. S. odds for their betting markets. This means that the line is based on a $100 bet and your potential profit depends on the odds.
The favorite will have a minus sign (-) in front of the number on their ribs. For example, you want to bet $130 on a team -130 to win $100.
Meanwhile, the loser will have a positive sign ( ) in front of his ribs. If you threaten a loser out of 130 with $100, win $130.
You deserve to know about the other types of bets available as well. ESPN BET offers betting markets, adding spreads, money lines, totals (over/under) and futures markets.
Third, you want to know about deposit and withdrawal options. After making a genuine cash deposit, your budget will appear in your account wallet, available in the top right corner of the app. This shows how much money you have to bet. You can also view your rewards, which show the entire available budget from promotions and bonuses.
You can withdraw cash from your account at any time using any of ESPN BET’s withdrawal methods. However, you cannot withdraw bonus bets, rewards or other credit bureaucracy from the site.
Most bookmakers offer sign-up bonuses to attract new customers, and ESPN BET has one of them in the business.
If you place a bet at the ESPN BET bookmaker after signing up, you will get $100 in the form of five $20 bonus bets to use at the bookmaker. It doesn’t matter if your bet wins or loses, and you can wager as little as $1 to claim the bonus.
ESPN BET gives two bonuses for new users.
The first is a “first bet insurance” offer, something common in other betting houses. If you lose your first bet, you will get the same amount in bonus bets of up to $1,000. The credits will be divided into five bonus bets. If your bet wins, you will get your winnings in cash but you will not receive any bonus bets.
The timing is a 200% adjustment on the first deposit up to $500. If you deposit at least $10 after signing up, get double that amount in cashback. So, if you make an initial deposit of $100, you can earn up to $200. The be offer is valid for 30 days after you create your account.
You win 10% on any bet with minimum odds of -200. So, if you bet $40 on a Moneyline market with odds of -150, you’ll get $4 added to your account. Unlike old credit, you can withdraw cash without having to. bet it.
No promo code is needed for any of the offers. New consumers can take advantage of any of the offers.
You’ll need to be at least 21 years old and physically in one of the states where ESPN BET operates to qualify for any of those promotions.
There are many other types of bets presented through ESPN BET, also known as markets. These types of bets are available for maximum sports.
A spread bet is a common type of bet at ESPN BET. It is about betting on the margin of defeat or victory of a team.
If you bet on a favorite, that team will have a “-” sign before the number. The team will have to win with more questions, goals or issues for the bet to take effect.
Conversely, if you bet on an underdog, that team will have a “” sign in front of the number. The team will have to win the game or lose by a percentage less than that number for the bet to be collected.
For example, if a team is favored on 9. 5 numbers (-9. 5 difference) on a school football team, they will have to win on 10 numbers to cover. If you are classified as underdog on 9. 5 numbers (difference of 9. 5), you have to win the game or lose on nine numbers or less.
If the team wins or loses by the same number as the spread, the bet is a push and your bet is refunded.
A money line is a bet on a team that will win the game, regardless of the margin of victory.
If you bet on the favorite, you will have to risk more money to win less on the cash line (ML) due to the negative odds. If you back the underdog, you can bet less money to win more at higher odds.
In sports like soccer, which can end in a draw or draw, there is a three-way money line with an option for a tie.
An overall bet, called an Over/Under, is a bet on the total number of combined points scored in any of the groups in a game. An Over bet means that the combined score will have to be higher than the indicated number for the bet to be cashed, while the opposite is true with Under.
For example, let’s say the Over/Under for an NBA game is 229. 5 points. If either of the two mix to score at least 230 points, the Most is correct. If they score less than 230 points, the Minus.
As with a spread bet, if the final combined score is equal to the total bet, the bet is a push and your bet will be refunded.
Prop bets are bets on quick outcomes of a game. They are regularly divided into gaming accessories and player accessories.
Props are bets on a specific occasion during a game. For example, you can bet on how many goals a team will score in the first half of a match or in overtime.
Player props are bets on a player’s performance. For example, you can bet on a quarterback who will pass more yards than his yards in a game or a basketball player who will finish with a certain amount of rebounds.
A parlay is a bet that combines two or more bets into a single bet.
To cash out your parlay, any and all bets on the parlay (called a “leg”) will have to be winners. By combining multiple bets into one, bets are riskier than single bets and come with higher odds to reflect this, expanding the potential payout.
A single game bet is a type of bet that combines multiple bets of the same game. It is possible to combine in-game props with player props and full in-game effects to increase your chances of a single game.
However, it is unimaginable to mix a few bets in one game. For example, there cannot be two games for a basketball player to score more than 10 numbers and more than 15 numbers, because those bets overlap.
Live betting is bets placed on a game after it has started. ESPN BET updates its markets and odds for maximum matches once the game is underway, so you can still bet on a contest even if you don’t submit a bet before it starts.
Futures bets are bets on outcomes that will occur in the remote future. The most common type of futures bet is a league championship bet, such as betting on a team to win the Super Bowl or Stanley Cup in advance.
You can also place long-term bets on player awards and outcomes, such as the most valuable player in a season or the league leader in a statistical category such as passing yards or home runs.
Having secure payment strategies is one of the main benefits of employing a regulated sports betting site like ESPN BET compared to offshore sports betting sites.
Since ESPN BET is a legally authorized operator, major financial establishments allow transactions with their online sportsbooks.
There are several tactics to deposit cash into your ESPN BET account:
There are also several tactics for withdrawing cash from your ESPN BET account:
ESPN BET has a helpful visitor support team that can resolve any questions or issues related to your sports betting or casino account.
There are several tactics to get in touch with them.
To receive visitor assistance, click on “My Account” in the more sensitive right corner of the app. Click “Help” under “Account” and then click “Contact Support”.
There is a 24/7 live chat option. You’ll need to make your query to a bot first before it connects you to a live agent.
You can also email visitor service at support@espnbet. com. It may take some time before you get a response.
Finally, there’s a full FAQ segment with documents and resources to answer common questions.
Photo via Kevin Abele/Icon Sportswire Getty Image
The data provided in Forbes Advisor is for educational purposes only. Your financial situation is unique and the products we review may not be right for your situation. We do not provide monetary advice, advice, or brokerage Array and we do not propose or advise Americans to buy or sell specific stocks or securities. Performance data would have possibly been replaced from the date of publication. Past functionality does not guarantee long-term results.
Forbes Advisor adheres to strict editorial integrity criteria. To the best of our knowledge, all content is accurate as of the date of publication, the offers contained herein may no longer be available. The reviews expressed are those of the author and have not been provided, endorsed or otherwise approved through our partners.