How Does Bonus Cash Work at Barstool Sportsbook?

How Does Bonus Cash Work at Barstool Sportsbook? article feature image

Brett Carlsen/Getty Images. Pictured: Barstool flag.

Barstool Sportsbook uses its own terminology for a bet credit you receive from a promotion — they call it "bonus cash."

Barstool bonus cash works a little differently than at most sportsbooks. Here are the five things to know — the first two being the most important and potentially confusing for new users.

Basics to Know With Bonus Cash

  1. If your bet with bonus cash wins, you keep the bonus cash amount as actual cash, too. This is a big advantage compared to other books. So if you put $10 in bonus cash on the Chiefs at +110 against the Eagles and they win, you'd profit $11 and keep the $10 for a total of $21 cash. At most other sportsbooks, you'd only get the $11 in profit.
  2. You must wager your entire bonus cash balance before you can withdraw anything. This is a disadvantage compared to many other books. Say you had $100 in bonus cash, and use that first $10 on the Chiefs and they win. You can't actually withdraw the $21 in cash until you've wagered the remaining $90 in bonus cash.
  3. Any wager with bonus cash must be -200 or longer (so -150 is OK, -250 is not) to turn into real cash.
  4. Bonus cash must be wagered within 30 days or else it expires.
  5. You cannot use bonus cash on round robins.

That covers most of what you need to know, but we'll dive into more specific examples below.

How You'll Get Barstool Bonus Cash

Bonus cash can be attained through several different promos at Barstool. These are the most common — the first two for new users, the third for existing users.

  1. The new player bonus bet of up to $1,000. If your first bet on the platform loses, you'll be refunded in bonus cash.
  2. The "Bet, Get" promos, where win or lose, you'll still receive the bonus cash amount advertised i.e. "Bet $20 on any NFL game, get $150 in bonus cash no matter what."
  3. Parlay insurance — if you place a 4+ leg parlay on certain nights, you'll be eligible to receive 50% of your stake back in bonus cash if it loses. There are other promos like this that Barstool will run from time to time for existing users.

Examples of Using Bonus Cash 

OK, let's dive into the specifics using a real example of how your Barstool new player bonus will go. Let's pretend I deposit $100 and put it all on the Netsmoneyline at +200 against the Celtics as a new user. This will be my first bet "on the house."

  • If the Nets win, I profit $200 ($100 x 2.0) and keep the original $100. I'll have $300 in my account that's cash I can wager or withdraw.
  • If the Nets lose, I'll get $100 back in Barstool bonus cash.

Let's pretend the Nets lose and I've lost my entire $100 deposit. I'll get back $100 in bonus cash. Again, there are two distinct features of Barstool bonus cash — you keep the stake if it wins, but you must wager your entire bonus amount before you can withdraw any of it.

So with $100 back in bonus cash, I place $20 of it on the Chiefs to win the Super Bowl at +110.

  • If the Chiefs win, I'll profit $22, and keep the original $20 as cash. I now have $42 cash in my account, plus $80 in bonus cash remaining.
  • If the Chiefs lose, I will have just $80 in bonus cash left.

But even if the Chiefs win, I can't actually withdraw the $42 cash until I've wagered the remaining $80 in bonus cash.

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