Barstool Sportsbook Colorado Promo Code & Sportsbook Review 2021

Up to $500
Risk-Free Bet - T&C's Apply
4.6





Overall
Bonuses and Promotions




4.0
Odds VS. The Competition





4.5
Market Depth & Variety





4.5
Deposit & Cash Out





5.0
Mobile App





5.0

Bottom Line

Barstool Sportsbook is a powerful brand that has finally arrived in Colorado. It’s a companion to Barstool Sports, a popular sports commentary company with a fiercely loyal fanbase. It also has a collection of features that no other sportsbooks have. It’s among a select few sportsbooks that are truly innovative. The Barstool retail sportsbook opened in 2020 at Ameristar in Black Hawk, and the online sportsbook should launch in early 2021. 

Risk-Free Bet
Banking Options
Excellent App

**Some of the products featured here are from our partners who compensate us. This does not influence our evaluations. Our opinions are our own. All bonus and promotions have Terms & Conditions that apply. 21+ for legal online gambling sites. If you think you have a gambling problem, please call 1-800-522-4700.

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Barstool Colorado Bonus Code 2021

When Barstool Sportsbook launches in Colorado in 2021, we anticipate they will offer a $500 risk-free bet, based on what they offer in other states. Although Barstool calls this a deposit bonus, it operates like a risk-free bet on the first wager. Terms and conditions apply.

Barstool Sportsbook Colorado Promo Code
Risk-Free Bet$1000
Barstool Sportsbook States of Operation*Pennsylvania, Colorado
Last VerifiedMay 2021

*Barstool Sportsbook launched its online app in Pennsylvania. The Colorado app is coming soon. Currently, the Barstool retail sportsbook is open in Colorado at Ameristar. 

4.0





Promos

Although Barstool Sportsbook calls it a deposit bonus, they really offer a $500 risk-free bet. When bettors make their first deposit and make their first bet, they’ll be eligible for their risk-free bet–likely where the deposit bonus name originated. But the risk-free bet is only good for a bettor’s first wager. If a bettor wins their bet, then they get their winnings. But if they lose, Barstool Sportsbook will refund that lost bet in site credits up to $500.

Other sportsbooks offer risk-free bets. $500 is an average amount to offer as a risk-free bet. FanDuel offers a risk-free bet worth twice that amount. (And with our bonus code, PointsBet can quadruple it to $2,000 it.) However, FOX Bet, BetMGM, Betfred Sports, and William Hill also offer $500 or $600 risk-free bets. Barstool Sportsbook hasn’t neglected its bonus, but it’s signaled that bonuses won’t be its primary customer acquisition tactic.

4.5





Odds

Barstool Sportsbook has strong odds across the board. Bettors can find game lines where Barstool Sportsbook has the best odds on the favorite or the underdog. However, prolific bettors will also notice an unusual trend. Barstool Sportsbook matches DraftKings Sportsbook’s odds point for point. Like BetRivers, Barstool Sportsbook can be expected to not only have particularly good odds on a line’s favorite. It can also be expected to match or come strikingly close to DraftKings’ lines. Here’s an example from MLB World Series futures:

DodgersYankeesBravesRaysWhiteSoxPadres
Barstool Sportsbook+400+550+1,000+1,200+1,300+1,300
DraftKings+400+550+1,000+1,200+1,300+1,300
BetRivers+400+550+1,000+1,200+1,300+1,300
FanDuel+400+550+900+1,300+1,000+1,300
BetMonarch+500+600+1,000+1,400+1,000+1,200
Sky Ute Sportsbook+500+600+1,000+1,100+1,100+1,000
theScore Bet+500+500+1,000+1,000+1,200+1,200
Elite Sportsbook+500+500+1,000+1,000+1,200+1,200

DraftKings and BetRivers have identical futures. This pattern held across the money lines we analyzed–which also came from a variety of sports leagues. Barstool Sportsbook also tends to have strong futures odds on the relative favorites. However, BetMonarch dominates the lower rung of MLB futures. (For those interested, Circa Sports has some of the best futures on the least likely winners.)

4.5





Depth

Barstool Sportsbook has a wide and deep selection of sports, leagues, and lines for bettors to browse. Bettors will find everything from professional sports to popular college leagues. It also has the small planet of soccer leagues available. Barstool Sportsbook even includes lines for the Champions League, an international soccer league with games scheduled over two months from when this was first written. That’s been unusual during the pandemic. Bettors may find a wider selection of upcoming games at Barstool Sports while we’re waiting to get back to normal than about two-thirds of the market.

It has the most popular sports, but bettors looking for Gaelic hurling will have to look elsewhere. It’s probably not going to impact Barstool Sportsbook’s profitability. It’s more likely that Barstool Sportsbook’s oddsmakers have expertise in the available sports–not obscure sports in the United States or abroad.

5.0





Cashout

Most Colorado sportsbooks make transferring money to and from their sportsbooks easy. However, a few of them are particularly generous with the number of available options. Barstool Sportsbook is one of them, boasting one of the largest numbers of withdrawal methods available.

But its selection of deposit methods is strong, too. Here’s its selection of deposit options:

  •         ACH/e-Check
  •         Barstool Sportsbook Play+ Card
  •         Online Banking
  •         Debit/Credit Cards
  •         PayPal
  •         PayNearMe
  •         Wire Transfer

Most of these options are online, which makes depositing money convenient. Its withdrawal options are similarly diverse:

  •         PayPal
  •         ACH/e-Check
  •         Online Banking
  •         Check

For a list of withdrawal options, that’s generous. Sportsbooks usually only offer two to three withdrawal options. However, Barstool Sportsbook’s in-app withdrawal options make it one of the easiest Colorado sports betting sites to withdraw winnings from.

5.0





App

Barstool Sportsbook’s app is clean, intuitive, and accessible to even the newest bettor. The sportsbook app opens to the list of upcoming games with lines ready for bettors. One tab over, bettors can find live games to get in on the action mid-game. At the bottom of the app, there’s also a button that’ll take bettors to a list of live games separated by sport. At the top of the homepage, bettors will find Barstool Sportsbook exclusive lines and a six-way parlay bet generator. Although, the parlay bets are basically free money for Barstool Sportsbook.

But Barstool Sports lines go into great detail. Click on one line for additional details and Barstool Sportsbook shows:

  •         How the odds convert to win probabilities
  •         Each team’s recent record
  •         Season-long cover percentages

This is far from an exhaustive list. Bettors can also adjust the point spread and total point bets to get longer odds. This is great for bettors with a knack for statistics–or blind guessing. These features together are only available at Barstool Sportsbook, making it one of the most innovative players in the game.  

4.6





Overall

It welcomes new bettors with a standard risk-free bet and entices them with competitive odds. Barstool Sportsbook has one of the largest selections of sports in the Colorado market. Each sport has many leagues to choose from, too. With a clean, seamless app and many deposit and withdrawal methods, Barstool Sportsbook has staked a strong claim in Colorado’s sports betting industry. It’s an innovative sportsbook that’s going to give its competitors a run for their money.

Is Barstool Sportsbook A Legit Site?

Yes. It’s a licensed Colorado sportsbook and competing fairly in the Colorado marketplace. There are a few things that set Barstool Sportsbook apart from illegal sportsbooks. Here are five of them.

Terms Of Use

Barstool Sportsbook’s terms of use policy isn’t just an unreadable legal document. It’s the contract between Barstool Sportsbook and its bettors. The terms of use is legally binding, and it commits Barstool Sportsbook to certain rules. They agree to pay bettors as long as bettors play by the rules.  

Colorado Sports Betting License

The Colorado sports betting license is the Colorado government doing crowd control in the sports betting industry. It audits hopeful newcomers and only allows the functional ones in. That keeps the worst sportsbooks from taking advantage of vulnerable bettors.

Industry Requirements

The Colorado Gaming Commission has industry rules that keep sportsbooks in line. The rules and regulations also keep bettors safe. For example, the Colorado Gaming Commission sets the required cash reserve that sportsbooks must keep on hand. That ensures that sportsbooks don’t run out of money to pay bettors. Barstool Sportsbook is subject to these controls, making them an even safer option for bettors.

Preliminary Audits

When sportsbooks want to become licensed, they’re scrutinized by the Colorado Gaming Commission. That includes three years of financial statements and background checks from executive management. They help the Colorado Gaming Commission choose legitimate companies to offer sports betting to Coloradans.

Gaming Commission Powers

Barstool Sportsbook can be summoned for disciplinary proceedings by the Colorado Gaming Commission. If that sounds dramatic, it’s because it is. No one has yet been summoned for disciplinary action. However, each licensed sportsbook is obligated to come if the Gaming Commission demands. It’s a powerful control that illegal sportsbooks

Why Choose Barstool Sportsbook Over An Illegal Betting Site?

It’s hard to find a case where someone betting illegally has resulted in their arrest. Conversely, illegal sportsbook operators can be arrested in a spectacular fashion. However, bettors operate in a legal area grayer than illegal operators. They’re far less likely to get arrested for betting illegally than illegal operators are for offering sports betting illegally. (However, it’s still against federal law–it’s not that gray.) But legality is far from the only reason not to bet at illegal sportsbooks. Security is a prime concern, for starters.

Sports betting is new in the United States. It’s spreading slowly from state to state with careful consideration being paid to each state’s regulatory frameworks. It’s new and scary to a conservative country, and sports betting industries are coming with strict consumer protections. Colorado sportsbooks even undergo security audits before launching. In contrast, unlicensed, unregulated, and illegal sportsbooks don’t offer those same bettor protections. They don’t have the security standards that licensed sportsbooks do. Bettors may trust Barstool Sportsbook with part of their social security numbers, but they would never entrust those numbers to some unknown site.

Illegal sportsbooks also have no obligation to pay their winners. Those sportsbooks may say they’ll pay bettors, but malicious intent isn’t the only reason a sportsbook may default on a payment. The sportsbook could be poorly managed and run out of money. If an underdog or two comes through and a poorly managed sportsbook has to pay increased winnings they’re not prepared for, then they’ll bleed to death.

Barstool Sportsbook doesn’t have any of these flaws. It’s a secure place for bettors to try and continue sports betting.

Why Can Bettors Trust Barstool Sportsbook With Their Money?

Sportsbooks aren’t banks, but they have robust security measures to keep their bettors’ money safe. Remember, sportsbooks rely on that money to pay winnings. If they can’t do that, then they’ll go under. It’s in sportsbooks’ best interests to keep that money safe. It’s their lifeblood.

So, bettors can trust that all of their information–financial and personal–are encrypted. That means if a hacker got onto a bettors screen while they were typing their social security number, the hacker wouldn’t see a nine-digit number. The hacker would see nine random letters, numbers, and symbols. The only people who will see that data are bettors and the sportsbook servers that process the information on the other end. That neutralizes the threat of hackers stealing the information in transit.

Barstool Sportsbook also has a privacy policy that includes its data security promises to its bettors. By itself, that’s not a mark of its security. However, the combination of these factors does:

  •         Terms of Use
  •         Privacy Policy
  •         Sports Betting License

Together, these come as close as Barstool Sportsbook and the State of Colorado can to signaling Barstool Sportsbook’s safety, security, and stability. Bettors should feel secure depositing with Barstool Sportsbook.

Barstool Sportsbook Fact Sheet

Legal Betting Age21
Legal States of Operation*Pennsylvania, Colorado
Barstool Sportsbook Colorado PartnerAmeristar Casino Resort Black Hawk
Barstool Sportsbook Colorado Launch DateRetail – November 5, 2020; Online – Coming Soon

*Barstool Sportsbook’s online sportsbook is available in Pennsylvania, and its retail sportsbook is available in Colorado.

Barstool Colorado Sportsbook FAQs

Is Betting On Sports Online At Barstool Sportsbook Legal In Colorado?

No. It has a retail sportsbook in Ameristar Casino Resort in Black Hawk. However, its online sportsbook hasn’t made it to Colorado yet. Opening a retail location is a good start. It’s an encouraging sign that Barstool Sportsbook wants to plant roots in Colorado. But we don’t know what’s happening behind the scenes of their online sportsbook. We’ll just have to wait until they’re ready to expand into the Centennial State to use their innovative app.

Do Bettors Have To Be In Colorado To Wager In Colorado?

Yes. Barstool Sportsbook is currently retail only, so bettors do have to wager in person. When the mobile app goes live in Colorado, bettors will be able to wager from anywhere in Colorado. However, don’t expect to hop over the state border. Each sportsbook app is geofenced to make sure only users in certain states can use them. It’s how individual states can legalize sports betting without stepping on each other’s toes.

Do Bettors Have To Be In Colorado To Create An Account?

No. Bettors can create the accounts from anywhere. The geofence only filters wagers. States that haven’t allowed sports betting have only outlawed betting. They haven’t outlawed:

  •         Creating an online account.
  •         Putting money into an app.
  •         Withdrawing money from an app.

As long as bettors aren’t using a sportsbook app to bet, they can use many of the account functions available. They just have to be in the state to bet.

Does Barstool Sportsbook Offer Live Betting In Colorado?

Yes. Barstool Sportsbook seems to pride itself on its live section. It’s available from the app’s home page, and it’s on a navigational tab at the bottom of the screen. Bettors often wager on games because they’re available. It’s one of the reasons live betting is so common among Colorado sportsbooks. Having those immediate payouts and losses available seems to exhilarate bettors. Consequently, Barstool Sportsbook makes it one of the easiest sections to find.

Does Barstool Sportsbook Offer Any Free Bets Or Deposit Bonuses?

Yes. Barstool Sportsbook offers a $500 risk-free bet that’s good for a bettor’s first wager. It kicks in if bettors lose. At that point, they’ll get up to $500 in site credits to wager with. Barstool Sportsbook also gives new users $10 in site credits upon signup. It may get cautious bettors to try sports betting, but it’s not going to make a dent in a professional’s bank roll.

How Do Bettors Get Paid By Barstool Sportsbook?

At the retail location, there will be a cash cage to cash winnings in. On the app, bettors can login and find the option to withdraw on the Account tab. They can select how much they’d like to withdraw, which method they’d like to use, then confirm it and wait for the transaction to process. Either way, bettors can get their money easily. However, the cash cage will be a few days faster than the online transfer. Identity verification is much easier in person than it is over a phone or a tablet, after all.

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.