Online Sports Betting in Colorado
Guide To The Best Legal Online Sportsbooks In Colorado
Legal online sports betting is live in Colorado since 2020.
The launch of regulated betting has been a major success in the Centennial State and sports fans have a wide choice of legal apps at their fingertips.
The biggest names in the business like Caesars, DraftKings, PointsBet, BetMGM and BetRivers are among the live sportsbooks in Colorado. Even better news – if you are a new user you can expect to receive a generous bonus after registration.
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IS ONLINE SPORTS BETTING LEGAL IN COLORADO
Yes. Proposition DD was voted on and passed in November 2019 allowing legalization of sports betting in Colorado. The first online sportsbooks launched on May 1st 2020.
WHAT SPORTS CAN I BET ON IN COLORADO
You can bet on all sports. Depending on the time of year you will find markets available for the major professional sports, college sports and other international events including but not limited to:
- NCAA Football
- NCAA Basketball
- Nascar/Auto Racing
- Australian Rules
- Table Tennis
HOW TO BET ON SPORTS ONLINE IN COLORADO
You can set up a new account by going to the website of your sportsbook of choice via desktop or laptop and following the steps for new customers. Alternatively you can download the sportsbook’s app on your iPhone or Android device and complete the registration process within the app itself.
Can I place a bet while outside Colorado?
No. State and Federal Law prohibits betting on CO online sportsbooks from outside the state. This is enforced by Geolocation Technology. You are however free to register a new account and even make deposits and withdrawals from outside Colorado.
FREE BETS AND BONUSES AT CO SPORTSBOOKS
Sportsbooks in Colorado offer a variety of incentives to new users. Some will give you a free bet just for signing up a new account. The more common offer is to give a bonus to new players when they make their first deposit. The bonus is usually proportional to the size of the deposit and can be in the form of a free bet or a risk-free bet.
COLORADO SPORTSBOOK DEPOSIT METHODS
There are a wide range of deposit methods for funding your sports betting account in Colorado. For many people the easiest option is a credit or debit card. E-Wallets such as PayPal or Skrill have become an increasingly popular choice in recent times. Prepaid cards, eChecks and online banking are also commonly available.
Most sportsbooks accept these for deposits. Options may be restricted to Visa and Mastercard. Some banks may block these transactions as they don’t allow deposits onto any type of gambling site despite the legalization of U.S. sports betting in 2018.
Availability is dependent on the individual app/site but established eWallets such as PayPal or Skrill are an option on some sportsbooks. You can only withdraw using eWallets if you deposited with the same method first. Deposits usually process immediately.
Sports bettors can deposit by sending money directly from their bank accounts.
These are like gift cards that players can use similarly to credit/debit cards to deposit any amount up to the value of the card. You can also withdraw to the prepaid card.
Some sportsbooks offer this deposit-only method however you cannot withdraw via PayNearMe. You simply select it as your deposit option with the sportsbook, then decide on the amount you would like to deposit and the sportsbook sends you a unique barcode. You can then go to your nearest 7-Eleven/CVS/Family Dollar where the cashier will scan the barcode and you pay them the amount of the deposit. Typically, your deposit will process within 15 minutes and is then available to use on the sportsbook.
You can deposit and withdraw using electronic check (eCheck) and you can withdraw by paper check. Typically, you cannot deposit directly to a sportsbook using a regular paper check. With eChecks, after a player requests their bank to transfer money from their bank account into a sportsbook, the request is first passed through a clearing house before the funds are transferred.
COLORADO SPORTSBOOK WITHDRAWAL METHODS
Typically there are fewer options for withdrawing and it takes longer than depositing. The most common form of withdrawal is by check, paper or eCheck. If you want to withdraw by a particular method you must first have used that same method to deposit.
WHERE CAN I BET ONLINE IN COLORADO
You can bet online with any of the legal sportsbooks listed below. All are affiliated with a land based sportsbook.
Colorado Online Sportsbook List 2021:
- Online Sportsbook – Land Based Partner Casino
- BetMGM Sportsbook – Midnight Rose Casino
- BetRivers Sportsbook – JP McGill’s Casino
- DraftKings Sportsbook – Twin River Holdings (Golden Mardi Gras Casino)
- FanDuel Sportsbook – Twin River Holdings (Golden Gates Casino)
- FoxBet Sportsbook – Lady Luck Casino
- PointsBet Sportsbook – Double Eagle Casino
- BetMonarch Sportsbook – Monarch Casino Resort
- Circa Sports – Century Casino
- Smarkets/SBK – Bronco Billy’s Christmas Casino
- Sky Ute – Sky Ute Casino
- BetWildwood Sportsbook – Wildwood Casino
- Elite SportsBook – Red Dolly Casino
- The Score – Jacobs Entertainment Inc
- Caesars Sportsbook – Isle Casino Hotel
- Betfred Sportsbook – Saratoga Casino
- SportsBetting.com (Carousel Group) – Johnny Nolon’s Casino
- Wynn Bet Bronco – Billy’s Casino
- TwinSpires – Bronco Billy’s Casino
- SuperBook – The Lodge Casino
- Play Maverick Sports – Grand X Casino
- PlayUp – Bull Durham Casino
- Bally Bet – Golden Gulch Casino
- Betway/Digital Gaming Corporation – Famous Bonanza Casino
HOW OLD DO I NEED TO BE TO BET IN COLORADO
You have to be 21 years or older.
HOW TO SIGN UP TO A SPORTS BETTING APP IN CO
To ensure you don’t miss out on a new account bonus, locate a promo code or follow one of the “Get Bonus” links near the top of this page.
Choose a sportsbook and follow the links to their website. You will be directed to the App Store download page. When you have installed the app on your iPhone or iPad simply follow the registration instructions provided.
Real money gaming apps are now also available for Android users in the Google Play Store. Follow the links to your chosen sportsbook’s website and you will be directed to the Play Store. Download and install the app and follow the instructions to complete your registration.
What do I need to set up an online sports betting account?
- Date of Birth
- Email Address
- Phone Number
- Social Security Number (last 4 digits)
- ID may be required to verify your account
CAN I BET ON COLLEGE SPORTS IN COLORADO
Yes, betting on College Sports is permitted. And unlike some other states like New Jersey and Illinois there is no restriction on betting on Colorado college teams, whether they are playing games in-state or out-of-state. One restriction which is common in many states is you cannot make proposition bets on college events.
WHAT ARE THE BEST SPORTSBOOK PROMOS IN COLORADO
The best promos are given to new users of a sportsbook. The exact promo offer will vary by sportsbook but here is a rundown of the most common types.
Free Bets/No Deposit Bonus:
No-deposit bonuses are simple: you sign up to an account and on registration you are given a free bet. You do not need to deposit but it is usually for new accounts only.
With a risk-free bet you have the chance to place a wager where if you lose you get credited back the amount you lost in the form of a free bet. They are essentially a bet where you can’t lose, e.g. you place a risk-free $20 bet on the Patriots to win but they lose, you get a $20 free bet.
Matched Bonuses are usually on your first deposit only. It requires you to deposit and the sportsbook will match your deposit amount or a % of your deposit. There are typically playthrough requirements to release these bonuses. In some cases there might only be a 1x playthrough requirement but others can be up to 50x. The latter makes the offer not as attractive because you will have to make a lot of bets before your bonus money is available to withdraw.
Reload bonus are offered from time to time. You re-deposit money into an already established account and get some form of site credit. It is usually in the form of a matched bonus.
Refer A Friend:
This is a bonus you get for referring a friend to register a new account with one of the sportsbooks or casinos. When they complete their account registration, make a deposit or place their first bet you get credit to your account. The exact form of credit depends on your specific provider’s offer.
Will be a refund/site credit on net losses or a % of net losses. These are usually subject to certain playthrough requirements and a specified timeframe.
The player receives better odds for a particular sporting event.
Example: a boxer who is +120 to win a fight might be boosted to +140 on a particular site. This gives extra value to the bettor.
Bonuses and VIP Awards are given when you play through a certain amount of money and are usually released in small increments. Some sportsbooks may offer these VIP rewards in the form of tickets to sporting events for high volume/ high wagering bettors. Not all sportsbooks offer VIP Rewards.
IS COLORADO ONLINE SPORTS BETTING SAFE?
Yes. Once you sign up with a regulated sportsbook that is approved by the Colorado Division of Gaming, it is completely safe.
Who Regulates Online Sports Betting In CO?
The Colorado Division of Gaming, which was founded in 1991, maintains integrity and regulatory oversight of the gambling industry in the Centennial State. It ensures all operators are comprehensively vetted so your funds, identity and privacy are totally secure when placing wagers online.
WHAT TYPE OF BETS CAN I MAKE IN COLORADO
This is the most popular bet type, it is simply betting on a specific team to win. The team with the negative sign is the favorite and the team with the positive sign is the underdog.
Example: New York Jets are @ -165, New York Giants @ +140: the Jets are favorites and the Giants are underdogs. In this example if you bet on the favorite, the Jets, you have to bet $165 to win $100. If you bet on the underdog, the Giants, you’ll bet $100 to win $140. Moneyline bets on solely who wins.
Point Spread Bets:
Also known as betting the spread, this bet is on who wins and by how much. It is used to even out the odds between two unevenly matched teams. The sportsbook estimates which team is expected to win and by what margin. The favorite has a negative sign and the underdog has a positive sign. Players then bet that the team expected to win will exceed the margin of victory and “beat the spread” or players will bet the underdog will lose by fewer points than the margin thus “cover the spread”.
Example: Patriots vs Rams. Patriots are favorites (-5), they have to win by six points or more to beat the spread and the Rams would have to lose by four points or less to cover the spread. If a game results in the exact number e.g. in this case if the Patriots win by exactly five points it would be a ‘push’ and bettors on either side would be returned their original wager. The spread is often expressed in half points to avoid a “push”/tie.
Total Bets – Over/Under:
This is a single wager that the combined score of a game will be over or under what the sportsbook sets it at before the game. The bettor is not concerned about which team will win but is concerned on the combined number of points/goals/scores scored by the teams by the end of the game. Those who think the score will be higher than that set by the sportsbooks are “taking the over”, those who believe the score will be lower are “taking the under”. Normally expressed in half points to avoid ties.
This is a type of wager that combines multiple individual bets into one bet. In order for the player to win, all the individual bets have to win. Despite your odds being lower to win, when you do win your payout is significantly higher. Parlays allow players to risk a small amount to win big.
These are a form of parlay bets. The differences are 1) all bets within Teaser/Pleasers are Point Spread Bets or Total Bets and 2) the spread is shifted either for the bettor (Teaser) or against the bettor (Pleaser). All the lines are shifted in the same direction either for you or against you for the same amount of points.
Teaser: Here lines are adjusted in the player’s favor thus the player has a better chance of winning, however this will be at a lower payout than a standard parlay.
Pleaser: The line is adjusted in the opposite direction of a teaser thus the line is adjusted in the sportsbook’s favor so the player has a lower chance of winning than a regular parlay but the payout will be at a much higher rate than a standard parlay.
Prop (proposition) Bets:
This is a bet on something occurring that is not necessarily directly related to the final score. It is also known as a side bet. E.g. Lebron James Assists in a game 10.5; you could bet the over or under. Tom Brady 3.5 Touchdown Passes in a game; again you could bet the over or the under. Betting on the number of fouls in either half of a game or on someone running a mile in under five minutes would also be examples of prop bets.
These are bets on an event occurring in the future. For example, you could bet on the New England Patriots to win the Superbowl at the start of the season. These are particularly popular in soccer, golf, tennis and Olympic events.
This is betting on a particular sporting event after it has started. Odds are adjusted in real time depending on score lines, various statistics e.g. possession, injuries etc. Live betting allows continuous betting throughout the duration of a sporting event. Moneyline, Spread Bets, Prop Bets, Totals can all be placed during In-Play betting.
Round Robin Bets:
This is similar to a parlay bet. A parlay is a collection of single bets combined into one bet; a round robin is a collection of parlays placed into one bet. As a result you do not have to win every bet within the round robin to win some money, there is room for some losses. However payouts will not be as high when some of the parlays within the round robin lose.
PointsBetting (Only on PointsBet):
This is a brand new type of bet offered by PointsBet only. Wagers are placed on the points a team win by rather than simply the outcome of a game. E.g. $5 placed per point the Jets win by so if for example the Jets win by 9 points you would win $45, however if the Jets lose by 5 you lose $25. Essentially the winnings or losses are magnified depending on “how right” or “how wrong” you are. Wagers can result in big wins or but big losses can also occur.
These are different formats for expressing odds. The decimal odds number represents the amount a bettor wins for every dollar wagered. For the decimal odds the number represents the total payout including the original wager amount, not just the profit.
Example: Decimal odds of 4.5 and you bet $1. If your team wins you get $4.50 back i.e. $3.50 profit. European odds, also known as fractional odds, are more common in European betting markets.
To convert fractional to decimal, divide the top or first figure by the bottom or second figure then add 1.
Example: 7/2 in fractional odds = 7 divided by 2 = 3.5 then add 1 which results in 4.5 in decimal notation.
BEST SPORTS BETTING SITES IN COLORADO
One of the biggest names in the world of gambling entertainment. Rebranded from William Hill in 2021 and is a hugely popular option for US bettors. Easy to use software and favorable odds makes Caesars Sportsbook a fan favorite. Excellent bonus available for new users.
One of the newest and most exciting entrants to the sports betting scene. Following on from its success in Australia, PointsBet brings its own unique “PointsBetting” product to the US market. Traditional fixed odds betting also available, good software and plenty of weekly promotions. A must try.
The MGM brand needs no further introduction. Since launch, BetMGM sportsbook has lived up to the reputation of its famous name. A highly popular choice across the legalized states, it has an intuitive interface and competitive odds. Already challenging the early dominance of DraftKings and FanDuel in some regions, this sportsbook offers new users a generous bonus to join the action.
DraftKings Sportsbook has taken its Fantasy Sports success to the fully legal sports betting market. The DK platform offers a full range of sports and markets to bet on and the software is easy to use. DraftKings is at the forefront of America’s regulated betting industry and consistently launches on Day One when a new legal state goes live.
BetRivers Sportsbook has seen a rapid growth in popularity. A sister brand to SugarHouse sportsbook and casino, it offers a highly trusted platform and industry leading customer support. Originally known for its casino offerings, BetRivers has taken to sports betting like a duck to water. There is a generous bonus available to users who have not previously registered a BetRivers online account.
Unibet is a leading European sportsbook with a proven track record over the past couple of decades. In recent times, it has brought a cutting edge sports betting platform to legal states such as New Jersey, Pennsylvania, Indiana and Virginia. Keep an eye out for the Unibet app landing in your area as new users are treated to a selection of free bets to get them started.
⦁ Unibet Sportsbook Review
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