Barstool Sportsbook Review

Pros

• Very versatile parlay choices with a big variety of bet kinds and multi-sport parlays.
• Interactive bets with their well-known characters.
• Reliable methods for making deposits and withdrawals.

Cons

• Odds are lower than usual.
• Places strict limits on bettors who are on a winning run.
• The majority of active promotions are playing with a modest ceiling.
• The overall idea prioritizes having fun over-performing its intended functions.
• The frequency of problems with the functionality of live betting and cashouts is higher than the norm for the industry.
• Controversial business figures attract fans who either adore them or despise them.

Bonuses

$1,000 Risk-free Bet

With the risk-free bet, you will only receive a refund of your first bet if it is unsuccessful, and the company will match your initial bet, not your deposit, for up to one thousand dollars. You are only allowed to utilize the bonus money on a single wager at a time. It is impossible to divide it up into a number of other bets of lesser value. You are not permitted to wager on round-robin betting, and the longest odds you may bet on are -200 (for example, -110, +100, or +200).

Bonus for New Users

Barstool Sportsbook offers a new sign-up bonus, which consists of a risk-free bet worth $1,000 for first-time users. They make an effort to phrase it differently, sometimes calling it a “2 for 1,” but in reality, it’s just the typical welcome bonus.

With the risk-free bet, you will only receive a refund of your first bet if it is unsuccessful, and the company will match your initial bet, not your deposit, for up to one thousand dollars.

In the event that you do get bonus cash from Barstool, bets that are placed with that bonus have additional terms that are important to be aware of. You are only allowed to utilize the bonus money on a single wager at a time. It is impossible to divide it up into a number of other bets of lesser value. You are not permitted to wager on round-robin betting, and the longest odds you may bet on are -200 (for example, -110, +100, or +200).

Despite the fact that this is good insurance, you will receive no payout if your initial bet is successful. Because of this, deposit matches are typically somewhat more tempting than other types of bonuses.

The problem with deposit matches offered by other sportsbooks is that they typically only match a certain percentage of your first deposit (typically around 20 percent), up to a certain amount. This means that you will need to make a first deposit of approximately $5,000 in order to qualify for the maximum bonus. Therefore, the industry as a whole offers very few sign-up bonuses. It’s just not true that sportsbooks give away free money as frequently as their promos make it seem like they do.

Promotions and Competitions That Never Stop

In this particular area, Barstool’s extensive background as a sports media firm truly comes into its own and shines through. They provide one of the most extensive selections of ongoing promotions and competitions available among companies in this industry. These are pushed in part by the media personalities that are associated with them, such as creator Dave Portnoy, Dan “Big Cat” Katz, and others.

During the first month that they were open for business in Illinois, they saw a significant amount of user involvement, with 54 percent of customers placing wagers on Barstool-exclusive bets. Barstool’s business approach prioritizes having fun above fulfilling its functional requirements, and the company attributes the majority of its success to recreational gamblers and innovative marketing. According to the financial report for the first quarter of 2021 that was released by Penn National, it was noted that “Our ability to offer original and compelling content through Barstool Sports sets us apart from our counterparts.” Barstool’s social media presence, unique promos, bespoke parlays, and exclusive bets have been important drivers of client acquisition for the online sportsbook. These factors have also contributed to improved engagement and retention, particularly among more casual bettors.

The issue with Barstool’s promotions is that they almost always include relatively low-value plays that are restricted to maximum bets ranging from $25 to $50. In addition to this, they are one of the fastest sportsbooks available on the market to limit players who are on a winning streak, and they even make it impossible for you to take part in certain promotions.

Tailgate Tour

In-person gatherings are held as part of the Barstool Tailgate Tour. Tickets to the event will include admittance, food, bar service, unique TV setups for the best possible experience at the watch party, seating and tents, as well as music and a great deal more. This provides Barstool with another another opportunity to interact with the devoted members of their community.

mychoice Rewards

The mychoice loyalty rewards program is available on the Barstool Sportsbook platform as a result of the company’s collaboration with Penn National Gaming. This is a tiered program that, in order to become desirable, requires a significant amount of money to be spent, similar to some of the other loyalty programs found at sportsbooks like Caesars.

The sorts of wagers that you put will determine the bet of loyalty points that are rewarded to you through the choice rewards program. One point is awarded for every ten dollars placed in straight bets. One tier point is awarded for every ten dollars that is wagered on Barstool Exclusive Bets. One point is awarded for every $5 that is staked on parlay bets.

There are five tiers of benefit incentives available to players. The lowest level of rewards grants accesses to entertainment presales and discounts on products sold through my choice partners such as Barstool merchandising or 10% off Norwegian Cruise Line cruises. The highest-level incentives come with major privileges, like guaranteed free hotel rooms, a yearly trip reimbursement of $500, VIP seats for entertainment, and a variety of other advantages.

Summary

Which states are now supported by the Barstool Sportsbook?

Barstool Sportsbook has seen tremendous growth and has established itself as one of the most popular sportsbooks in the country in a relatively short amount of time. At this time, if you are physically located in the states of Pennsylvania, Michigan, Illinois, Colorado, Virginia, New Jersey, Tennessee, Arizona, Iowa, or Indiana, you are permitted to place sports bets. You are permitted to participate in casino games if you are physically located inside the borders of the states of Pennsylvania, New Jersey, or Michigan.

Barstool Sportsbook Offers Coverage for a Variety of Sports

The odds for a broad variety of sports may be found on the Barstool Sportsbook website. Their alphabetical list of sports includes American Football, Athletics (Track & Field), Australian Rules Football, Badminton, Baseball, Basketball, Beach Volleyball, Boxing, Cricket, Curling, Cycling (Track & Road), Cyclo-Cross, Golf, Handball, Ice Hockey, Motor Sports, Netball, Olympic and Championship Events, Pesapallo (Finnish baseball), Rugby League, Rugby Union, Soccer, Speedway, Squash, Surfing, Swimming, Tennis and Racket Sports

The Standard of the Odds Offered at Barstool Sportsbook

At Barstool Sportsbook, you won’t find the finest odds in the industry by any stretch of the imagination. Their activity is propelled by their devoted swarm of stoolies, who are content with pumping low-value highlighted bets that are supported by aggressive marketing strategies. Penn National has frequently said that a significant portion of Barstool’s popularity may be attributed to the fact that almost half of the bets made at Barstool are on one of their highlighted promotions. Their new same-game parlay, which they call “Parlay+,” as well as their multi-sport parlays can be entertaining, but they come with high-risk bets and average odds.

Experience Betting Online and on Mobile Devices

The user interface of the Barstool Sportsbook app is intuitive, and it includes a number of interactive features like a “Move the Line” scroller. This feature enables users to buy and sell points by scrolling through a menu that is conveniently located at their fingertips. Additionally, you may customize the app to include your preferred leagues and teams, which makes frequent betting more straightforward and eliminates the need for ongoing navigation. There have been many reports of problems with live betting difficulties occurring on the mobile device from a few users.

The mobile app’s user interface is mirrored in the web browser platform’s intuitive navigation. The betting statistics and trends are presented in an insightful and well-organized manner. There is a significant amount of utilization of brand characters, but in comparison to other competitors like as FOX, it is less unpleasant and invasive.

Live Betting

Barstool Sportsbook gives customers the opportunity to bet on a broad variety of live sporting sports, however the website does not provide live streaming. You are only able to view play-by-play notes and digital visualizations. Some users have reported experiencing slowness when using the live betting option on Barstool.com. On a case-by-case basis, this is partially attributable to the user having a problematic internet connection. When you are betting on live sports, there is something you should keep in mind. It is possible that the odds at Barstool will alter in a way that is advantageous to the sportsbook while your bet is being processed. These are challenges that users encounter rather frequently at all of the big online sportsbooks that provide live betting options.

Additional Betting Options Available at the Barstool Sportsbook

Casino games are provided to customers located in the states of Pennsylvania, New Jersey, and Michigan by Barstool Sportsbook. Barstool Blackjack, the company’s first digital iCasino game that was created in-house and branded with the Barstool name, was released in late 2021 in the state of New Jersey. Penn National has indicated that the iCasino product suite ought to see additional substantial enhancement for Barstool in the near future. Because of their aspirations to open sports bars under the Barstool name, it is possible that there may be some integration at these sites.

Although FanDuel and BetMGM, two of Barstool Sportsbook’s rivals, already provide racebooks where customers may place bets on horse races, Barstool Sportsbook does not yet offer such a service, although this may change in the near future. Barstool Sportsbook is located on the premises of Penn National’s Hollywood Casino at Penn National Race Course, which is operated by Penn National. In addition, Penn conducts business at a few other racetracks and offers off-track betting at Sanford Orlando in the state of Florida. This particular track hosts races for both horses and dogs.

The Beginnings of Barstool Sportsbook

In 2003, David Portnoy established the internet media firm that is now known as Barstool Sports. Penn National Gaming and The Chernin Group are the company’s two most significant shareholders and investors. ISport Genius, the same data source that is utilized by companies like as Bet365, Flutter (FanDuel), DraftKings, and 888 Sport, powers Barstool Sportsbook.

On September 18, 2020, Barstool Sportsbook began operations in the state of Pennsylvania. During its first week of operation, it successfully processed wagers totaling $11 million. Penn National said that after around seven months of operation, Barstool Sportsbook has recruited more than 400,000 customers and produced over $660 million and $61 million, respectively, in handling and gaming revenue, resulting in a hold percentage of 9.2 percent. That put them over the average hold across all states since PASPA was repealed, which was 7.2 percent, and well above industry giants DraftKings (6.3 percent) and FanDuel, which both had 6.3 percent holds (7.5 percent ).

Barstool’s first month of business in Illinois resulted in the registration of more than 54,700 new customers and the generation of total handling and gaming revenue of $67.7 million and $6.5 million, respectively.

The sports, entertainment, and lifestyle material that Barstool provides attracts customers in the age range of 21 to 40 years old who are dedicated to its sportsbook. Over 333,000 people have downloaded their mychoice rewards mobile app, and it currently has approximately 115,000 monthly active users and is continuing to expand.

Both Penn National and Barstool have ambitious goals for growing their businesses. It has been announced that Barstool will soon open its own branded standalone sports bars, with the first two locations set to open in Philadelphia and Chicago respectively. In October of 2021, Penn also completed the acquisition of theScore, a sports media brand located in Canada. They want to link Barstool Sportsbook with theScore’s best-in-class sports media app and betting technology, which will provide them with a technological solution that is highly flexible and completely integrated.

Barstool is relentless in its pursuit of possibilities to open up new distribution channels for its further expansion. For instance, only recently, Barstool declared its intention to offer financial assistance to collegiate athletes who are interested in pursuing NIL (name, image, and likeness) sponsorship deals. Within a few of months, Barstool was able to secure the services of 135,000 collegiate players as Barstool Athletes.

Problems with the Law and One’s Reputation

The reputation of the Barstool Sportsbook itself is about mediocre, but the reputation of the Barstool Sports brand is something else different. For the typical person who is not aware with the brand’s styling, it has a significant amount of attitude as well as controversy. When you realize that you are trusting the company with both your money and your personal information, this results in an unpleasant sensation.

Portnoy has referred to the content of the website as “sports and smut.” Because of the questionable business methods they uphold, they have become one of the most divisive firms in the sports media industry. This style has resulted in the formation of a subculture known as “Stoolies,” but it has also been responsible for turning off an equal number of members of the general public.

In August of 2011, the website came under fire after comments were posted that included nude images of Tom Brady’s two-year-old kid. A former prosecutor said that the comments constituted sexualization of a child.

They have also been subjected to a substantial amount of criticism in relation to the fact that they have promoted blackout parties and remarks that Portnoy himself has made that make light of rape. “[E]ven though I never condone rape, if you’re a size six and you’re wearing slim jeans, you kind of deserve to be raped, right? ” “[E]ven though I never condone rape, if you’re a size six and you’re wearing skinny jeans, you kind of Portnoy stated in a blog post.

They came under fire for employing a child to market a bet on their Instagram feed in the year 2020, and a “questionable” TikTok video on gambling losses that was released in March 2021 resulted in a $10,000 settlement for Penn National in the state of Indiana. According to the Indiana Gaming Commission, the clip in issue violated the state’s marketing standards because it contained “false and deceptive promotion.”

In November 2021, Business Insider published a story that harshly criticized Portnoy and accused him of sexual misbehavior based on his interactions with college-aged women. The allegations were made on the basis of his interactions with these ladies. According to the story, which cited unnamed sources, two of the women said that Portnoy had choked and injured them while they were having sex with him. The essay, which Portnoy vigorously defended himself against, was what he referred to as a “hit piece,” and it had been in the works for eight months. There are a lot of dubious circumstances surrounding this piece, such as the fact that Business Insider placed it behind a paywall right after Penn National presented an unsatisfactory financial report for the 2021 Q3 quarter. Penn National stock prices dropped more than 20 percent as a result of the disappointing earnings report and the date of the article’s release in Business Insider. This resulted in a decrease of more than $2 billion in market cap valuation for the company.

Charity

The actions of the firm have not been wholly evil, as evidenced by the fact that they have contributed to charity causes to some extent. The website brought in a total of $240 000 in donations for those affected by the bombing at the Boston Marathon. They were successful in igniting the listeners of the podcast to contribute more than $50,000 for the J.J. Watt Foundation. In 2018, they collaborated with NFL quarterback Baker Mayfield to launch a clothing line that gives a portion of the proceeds to Special Olympics Ohio.

In addition to this, they established The Barstool Fund, a charitable organization that raises money to offer monetary assistance to proprietors of small businesses in the United States who have been adversely affected by the COVID-19 outbreak. Over 200,000 individuals have donated to the fund, and with the assistance of famous contributors such as Tom Brady, Aaron Rodgers, Elon Musk, and Guy Fieri, over $41 million has been raised.

The ‘Hurricane Ida Emergency Relief Fund’ was established by the Penn National Gaming Foundation in August 2021, shortly after Hurricane Ida made landfall in Louisiana. This fund enables team members to seek for financial help for meeting emergency needs. Their sister properties also assisted in providing much-needed accommodation and food for those who were displaced temporarily.

Banking

Currency that is Accepted

• USD

Various Ways to Make a Deposit

• Visa
• MasterCard
• PayPal
• eCheck
• Bank Transfer
• PayNearMe
• Apple Pay
• ATM
• Venmo

Methods of Withdrawal

• PayPal
• eCheck
• Bank Transfer
• ATM
• Venmo

Barstool has various payout options, and the speed of delivery varies depending on which option you choose. They offer cash at cage (instant), PayPal (instant), Venmo (instant), Play+ (instant), ACH/e-Check (3-5 business days), paper check (14 business days), and online banking (3-5 business days) (3-5 business days). There’s a $10 minimum for all methods except paper checks which require a minimum of $250.