How the ESPN BET North Carolina 200% Deposit Match Works

How the ESPN BET North Carolina 200% Deposit Match Works article feature image

Via Jacob Kupferman/Getty Images. Pictured: LaMelo Ball #1 of the Charlotte Hornets brings the ball up court against the Washington Wizards during their game at Spectrum Center on November 22, 2023 in Charlotte, North Carolina.

If you're in North Carolina, you may be hit with two offers from ESPN BET — the $225 in bonus bets (available with promo code ACTNEWSNC), and the 200% deposit match up to $500 in Eligible Cashback that unlocks at a 10% rate.

The first offer is easy enough, but the second might be a new style for many bettors, especially in a recently-live state like North Carolina. The deposit match is added to your account automatically upon your first deposit, but may be hard to unlock fully given the rollover (though you do keep whatever you end up unlocking). And you won't be able to withdraw until you exhaust the whole deposit match, or 30 days is up.

Here are the basics, and we'll dive into a few examples below of how the deposit match will play out with your first few wagers on the platform. Again, the match rate and the unlock rate may change slightly as they did on March 18, so be sure to check the terms and conditions for the most up-to-date specifics on this promo.

ESPN BET NC Deposit Match Summary

Here's a quick summary of deposit matches:

  • Whatever you deposit, ESPN BET will match at a certain rate, and up to a certain amount.
  • In North Carolina, it's 200%, up to $500, and now at a 10% unlock rate. So if you deposit $250, you'll get $500 in Eligible Cashback added to your account.
  • It's not bonus bets; you are getting actual cash.
  • But the Cashback doesn't hit your account all at once — it unlocks 10% at a time.
  • So if you deposit the max $250 and make a $100 wager, you'll get $10 in cash. After that $100 wager, you'll have $490 left of the Eligible Cashback balance to unlock. As you continue to place bets, you'll unlock more cash from that balance until it's gone.
  • Only bets at longer odds than -200 will earn cashback — meaning -190 or +150 are OK, but -250 is not.
  • You only have 30 days to unlock the whole cashback balance. But you do keep whatever bonus you have unlocked, even if you still have a balance to unlock after 30 days.
  • You won't be able to withdraw until your Eligible Cashback balance is gone, or 30 days are up. If you want to withdraw earlier, you can contact customer support to cancel the promo, and you'll forfeit what you've earned.

Deposit Match Examples

Let's dive into a real scenario of how it will play out. These examples use the 5% unlock rate.

You deposit $50, and you ESPN BET will give you $100 in Eligible Cashback (since it's a 200% match). You'll see your Eligible Cashback balance in your profile in the app.

Here's how it will look before you place your first bet:

espn bet deposit match example for north carolina

Bet 1: $50 on the New York Rangers +100 against the Carolina Hurricanes

After your $50 deposit, you place it all on the Rangers to beat the Hurricanes at +100. The Rangers win, so your balance increases by $50 from the bet itself, then by another $2.50 because

  • New cash balance: $102.50 ($50 profit from the bet, and $2.50 from the Eligible Cashback, since you get 5% of your $50 wager).
  • New Eligible Cashback Balance: $97.50

You've earned $2.50 of the $100 in Eligible Cashback, so there's $97.50 from that balance remaining. Here's how your new balance after your first wager (plus you'll get the $225 in bonus bets).

espn bet deposit match example 2

Bet 2: $20 on the Charlotte Hornets +300 against the Suns

Alright, your next wager is $20 on the Hornets at +300 against the Suns. They lose, so you lose the wager, but you still get $1 back in cash.

  • New cash balance: $83.50 (you lose $20 from the bet, but you earn $1 in Eligible Cashback).
  • New Eligible Cashback Balance: $96.50

Even though your bet lost, you still unlocked another 5% in Eligible Cashback, which is $1 since it was a $20 wager.

espn bet eligible cashback balance example 3

Other Rules about Eligible Cashback

1. Eligible Cashback will convert immediately once you place a bet. You don't have to wait for the bet to settle.

2. If you cash out a bet, you give back the Eligible Cashback, but you don't forfeit it. You can earn it with another wager. So if you had $100 in Eligible Cashback remaining, placed a $100 bet to earn $5, but cashed out that $100 bet, your Eligible Cashback balance would still be $100, instead of $95.

3. Only cash bets with odds of greater than -200 will unlock cashback from an Eligible Cashback balance. If it's -250 or -500, etc., you won't get any Eligible Cashback from that bet.

4. You can have multiple Cashback balances at a time. You may get one from your sign-up offer/deposit, and another for a re-deposit offer.

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