Barstool Sportsbook Colorado Promo Code & Sportsbook Review 2022

Up to $1,000
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 popular brand whose mobile app finally arrived in Colorado in 2021. It’s an extension of Barstool Sports, a popular sports commentary company with a fiercely loyal fanbase. It’s among a select set of sportsbooks that launch with built-in fanbases and media arms. The Barstool retail sportsbook opened in 2020 at Ameristar in Black Hawk, so the online sportsbook was a crucial part of Barstool’s brand presence in Colorado. Bettors can also redeem Barstool Sportsbook’s welcome bonus by reading the steps below.  

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 2022

Barstool Sportsbook offers a $1,000 risk-free bet. If bettors lose their first bets, they’ll get their lost stakes back, up to $1,000. Terms and conditions apply.

Barstool Sportsbook Colorado Promo CodeTBA
Risk-Free Bet$1,000
Barstool Sportsbook States of Operation*AZ, CO, IL, IN, LA, MI, NJ, PA, TN, VA
Last VerifiedOctober 2022

 

4.0
Promos

Barstool Sportsbook’s welcome bonus is a $1,000 risk-free bet. When bettors make their first deposits and make their first bet, they’ll be eligible for their risk-free bet. 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 $1,000.

The risk-free bet is only good for a bettor’s first wager, so bettors must plan ahead.

$1,000 is the market standard of a risk-free bet. FanDuel set the $1,000 standard for risk-free bets. PointsBet offers a $2,000 in site credits split across its two types of betting. FOX Bet, BetMGM, Betfred Sports, and William Hill also offer risk-free bets worth about $1,000.

Barstool Sportsbook hasn’t neglected its bonus. It has ensured that it keeps pace with the market. 

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 often matches DraftKings Sportsbook’s odds point for point. 

It’s hard to pinpoint whether a single sportsbooks ever has the “best” odds. Instead, it helps to look at odds from a sportsbook like Barstool and compare them with other sportsbooks. You can often notice trends that will help you make betting decisions over time.

Does Barstool Have The Best Point Spreads Or Totals?

To get started, let’s compare a few lines from Barstool with one of its major competitors: FanDuel.

Odds ComparisonBarstool Point SpreadFanDuel Point SpreadBarstool TotalsFanDuel Totals
Seattle Mariners+1.5 (-215)+1.5 (-194)Over 7.5 (+102)Over 7.5 (-105)
San Diego Padres-1.5 (+175)-1.5 (+160)Under 7.5 (-121)Under 7.5 (-115)

Here’s an interesting scenario: the lines are all identical, but the odds differ. This makes your betting choices easy if you’re deciding between Barstool and FanDuel.

For the point spread, Barstool is a better selection for a San Diego Padres bet. A $100 bet on the Padres point spread would pay out $175. the same bet at FanDuel would only pay out $160 in comparison. Meanwhile, FanDuel is the better choice for a Mariners point spread bet.

As for the totals odds, Barstool has the better choice for the Over, while FanDuel has advantageous odds on the Under.

These differences, though they may seem small, can make a big difference if you’re betting frequently. Shop around for the best odds, and you can usually find advantageous bets to boost your profit.

Barstool Moneyline Odds

Moneyline bets are popular among baseball bettors because the sport is very strategic and often has close match-ups. Let’s use an MLB game to compare Barstool and FanDuel’s odds once again.

Odds ComparisonBarstool MoneylineFanDuel Moneyline
New York Yankees-200-205
Pittsburgh Pirates+165+172

Again, small differences can pave the way for advantageous bets. In this case, Barstool is the better choice if you’re betting on the Yankees. FanDuel, meanwhile, edges out Barstool with its line on the Pirates.

When you see an advantageous line at a sportsbook, you should take it over a worse-paying line. Shopping for the best odds almost always yields positive results and ups your chances of a better payout should your bet win.

Barstool Futures Odds

While we’re on the MLB train, let’s keep things going with a look at Barstool’s baseball futures compared to FanDuel’s odds.

Odds ComparisonBarstoolFanDuel
New York Yankees+400+400
Los Angeles Dodgers+450+450
Houston Astros+600+600
New York Mets+750+700
Atlanta Braves+1100+1300

Not a ton to see here until you get further down in the odds. Barstool has better odds on the Braves and the Mets. FanDuel and Barstool offer identical odds higher up on the list. When you’re betting on futures, always go for the best-paying ods, full-stop. In this case, either sportsbook would be a solid option for the top few teams, while Barstool edges out the competition lower down on the list.

Keep in mind these were only the top five teams on the World Series futures market, and you may find much bigger odds differences way down the list.

Once again, shopping for the best odds can yield a better payout in the long run.

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’s worth of soccer leagues common among sportsbooks.

Barstool Sportsbook offered lines weeks in advance during the pandemic, which was unusual during the height of game cancellations. Bettors may find odds set earlier at Barstool Sportsbook than at other apps. It’s worth watching out for. 

Barstool Sportsbook offers betting markets on 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, flexible deposit and withdrawal methods, and a rabid fanbase to pull from, Barstool Sportsbook has staked a strong claim in Colorado’s sports betting industry. 

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*AZ, CO, IL, IN, LA, MI, NJ, PA, TN, VA
Barstool Sportsbook Colorado PartnerAmeristar Casino Resort Black Hawk
Barstool Sportsbook Colorado Launch DateRetail – November 5, 2020; Online – Coming Soon

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 $1,000 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 $1,000 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.