The NBA season has finally arrived, and Barstool Sportsbook is giving new users a $1,000 risk-free bet if they use promo code ACTNEWS1000.
Barstool also has an offer live for NFL games only — bet $20, get $150 in free bets. But you can’t use it until Thursday. That’s redeemable with code ACTNEWS150.
Confused? Don’t worry, we’ll explain it all below.
How does the risk-free bet work at Barstool?
We’ve already gone in-depth on what the different types of mean, so check that out if you want a high-level overview into sign-up promotions and bonuses.
Here’s how the new player bonus works at Barstool (aka the risk-free bet):
- If your first bet wins: you keep the winnings and your deposit
- If your first bet loses: you’ll get refunded in bonus cash (aka free bets) equal to that first wager.
Let’s dive into an example.
Say you deposit $200 and bet it all on the 76ers moneyline tonight against the Celtics on NBA opening night. Philly is priced around +125 at Barstool Sportsbook as of Tuesday afternoon.
- If the 76ers win: You win $250 ($200 x 1.25) and keep the original $200, so you’ll have $450 in your account to withdraw or bet.
- If the 76ers lose: You get $200 back in free bets, aka bonus cash at Barstool.
From our Austin Wang on Sixers-Celtics:
The line movement towards the Sixers is justified. Their stock is trending upwards with Harden getting in shape, solid offseason pickups and a full training camp with their two stars.
On the other hand, the offseason distractions, new coach and Timelord’s injury are all reasons the Celtics may get off to a slow start this season. They struggled to begin last season, and I can see the same this year.
I make this line Celtics -2, so I like the Sixers to cover the spread here. Make sure you shop for lines because the spread is ranging between 2 and 3.5.
Also, we always suggest to use promo bets on plus-money wagers. The higher the line, the more value you’ll see.
How do free bets work at Barstool?
OK, so let’s say the 76ers lose, and you get $200 back in bonus cash, aka free bets.
Barstool has some of the most advantageous free bets in the industry, because you actually keep the free bets as cash if the bet wins.
Let me explain with an example.
- The Sixers lost — boo. You have $200 in bonus cash. While you don’t have to bet it all at once, let’s say you do, and put it all on the Jets moneyline against the Broncos at +120.
- If the Jets win, you pocket $240 ($200 x 1.2) and you keep the original $200. So now you have $440 in your account that you can withdraw and bet.
Most sportsbooks don’t let you keep the stake from the free bet, so you’d end up with just $240.
How to Sign Up
Signing up for most legal sportsbooks is pretty simple and can be done in just a few minutes. Here’s how it works at Barstool.
- Follow this link
- Put in your name, address, last four of SSN, etc.
- Enter Barstool Sportsbook promo code ACTNEWS1000 at checkout to qualify for the bonus offer
- Deposit using a bank account, credit card, or PayPal
- Make your first bet risk-free, up to $1,000
Barstool’s promo code bonus offer is available in 13 states — Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia.
You can still sign up if you live in a different state but are traveling to a state with Barstool available.