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Barstool Sportsbook Promo Code Offers $1,000 for Wednesday

Barstool Sportsbook Promo Code Offers $1,000 for Wednesday article feature image

Barstool Sportsbook promo code ACTNEWS1000 will unlock $1,000 risk-free bet for any game on Wednesday or this weekend. If your $1,000 bet wins, you’ll keep the initial bet and winnings. If it loses, you’ll get $1,000 in Barstool’s Bonus Cash (what many other books call free bets). But you need to wager $1,000 to realize the full bonus.

Again, use promo code ACTNEWS1000 to activate the offer.

We’ll explain how it works below.

How Does a Risk-Free Bet Work?

We’ve already covered the difference in promotion types, so let’s dive into an example.

Here are the possible outcomes of your 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.

OK, now to the example.

You make your first deposit for $100. You bet it all on Justin Thomas to be the top point scorer in the Presidents Cup at +650.

(If you’re not sure what +650 is, check out our 12 tips for beginner sports bettors).

  • If Thomas is the top point scorer: you win $650, and keep the original $100. You now have $750 in your account that’s real cash you can withdraw.
  • If Thomas isn’t the top point scorer: you’ll get $100 in bonus cash (aka free bets).

Let’s pretend this bet loses so we can explain bonus cash.

How Bonus Cash Works at Barstool

Now you’ve got $100 in bonus cash. You need to wager this once to turn it into real cash.

Say you take the $100 and bet it all on Cowboys moneyline against the Giants (+120 at Barstool) on Monday Night Football (because the Thomas bet will not have been determined until Sunday).

  • If the Giants win, you end up with nothing.
  • If the Cowboys win, you win $120 but don’t keep the bonus cash. You now have $120 in your account after depositing $100, for a $20 profit.

That’s why it’s not truly risk-free — you can lose money on your first deposit/wager.

Other things to know: You must use your bonus cash within 30 days, or it will be revoked. And you cannot wager on anything longer than -200 odds, or else your bonus cash won’t convert to real cash (but you want to use your free bets on longshots, anyway). So a -150 or -190 bet is OK, but -230 is not.

How to Sign Up at Barstool and Claim the Promo

It’s simple to sign up at Barstool Sportsbook.

  1. Follow this link
  2. Make sure you use Barstool Sportsbook promo code ACTNEWS1000 at checkout to qualify for the bonus offer
  3. Input all your accurate information (name, address, last four of SSN)
  4. Deposit using a bank account, credit card, or PayPal
  5. 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 and bet if they travel to a different state where Barstool operates.

How to Use Your Risk-Free Bets

The optimal way to use your risk-free bets, mathematically anyway, is on plus-money wagers. That’s because you’re getting much more expected value from +250 or +500 wagers — the higher the line, the more value.

But not everyone wants to squander their big free bets on longshots, even if it’s mathematically optimal. There’s a sweet-spot in tight markets between +300 and +700.

Here are a few ways to use your risk-free bet at Barstool Sportsbook on Wednesday and this weekend.

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