Top-Rated Colorado Online Sportsbooks For January 2023
Limited-time offer: Bet $5, Get $200 in bonus bets
$50 free bet + 20% deposit match Up To $1,000
Top rated sportsbook app & website
Daily quick parlay promotions
Average customer service
Up to $1,250 on Caesars plus 1000 Tier Credits + 1000 Reward Credits® with promo code SHARPBETFULL
Weekly NFL promos
Caesars Rewards program
App can be glitchy at times
$1,000 risk free bet using bonus code SHARP
Earn M Life rewards
Ongoing promotions for current customers
Average welcome bonus
$500 2nd chance free bet with bonus code SHARPRIV
Strong ongoing promotions
Stream live sports
App not as strong as competitors
Bet $50 to get up to $1,111 in free bets with promo code SHARPBET
User-friendly app & website
Daily odds boosts
Odds not always competitive
Welcome bonus not as strong as competitors
No Sweat First Bet up to $3,000
Popular sportsbook app & website
Excellent ongoing promotions
Average customer service
Average welcome bonus
$200 in free bet credits
Over 45 million global users
Fantastic market depth and variety
Lower bonus value
Few ongoing promotions
$200 in free bets
Backed by world-famous magazine
Good market depth and data available
Promo requires a higher first bet with no guarantee of a bonus
Withdrawal process can be slower
Colorado Sports Betting Updates
In case you missed it, here are some of the latest news headlines from Colorado Sharp.
- Jan. 31, 2023: The Denver Broncos are trading their first round pick (from San Francisco) and next year’s second rounder to the New Orleans Saints for head coach Sean Payton and a 2024 third round pick.
- Jan. 30, 2023: Colorado bettors placed over $518 million in wagers in December 2022, giving the state $2.5 million in tax revenue.
- Jan. 28, 2023: Denver Nuggets center Nikola Jokic is the betting favorite for regular season MVP according to DraftKings Sportsbook.
- Jan. 27, 2023: The Nuggets are tied for the third-shortest odds to win the NBA Finals, per BetMGM Sportsbook.
- Jan. 2, 2023: The Colorado Avalanche currently have the second-shortest odds to win the Stanley Cup, trailing only the Boston Bruins.
- Dec. 11, 2022: The Denver Broncos have officially been eliminated from playoff contention.
Though Colorado was an early adopter of sports betting, the Centennial State has yet to make moves to bring online casinos to its residents and visitors. Why might that be? As you’d probably expect, the answer is very nuanced. Precious little has been done to bring online casinos to Colorado. Offshore and gray market sites […]
Full House Resorts, which also owns and operates Bronco Billy’s Casino in Cripple Creek, recently announced the “topping off” of its Chamonix Casino Hotel property, which signifies the completion of the building’s structure. Chamonix, which will be connected to Bronco Billy’s, is expected to open in the second quarter of 2023. Here’s what visitors to […]
Although the Denver Broncos haven’t lived up to the hype and expectations placed upon them heading into the 2022 season, there is still hope to salvage the season. Coming out of their bye week, the Broncos have a three-week stretch of favorable matchups. Let’s look at the upcoming games for the Denver Broncos. Don’t miss […]
Colorado Sports Betting At A Glance
Whether you’re picky about sports or the type of bets you place on them, Colorado’s thriving sportsbook market has something for you. Getting started online only requires a simple account registration that can be completed in minutes. However, Colorado also has retail sportsbooks where bettors can wager in person.
Colorado’s sportsbooks are open for business and readily accepting new bettors.
What Are The Best Sportsbook Apps In Colorado?
Colorado is home to some of the best sports betting apps available in the United States. Bettors have many to choose from. See a breakdown of the best apps you can bet on.
What Can You Bet On In Colorado?
If it can be kicked, thrown, slap-shotted, driven, or launched from half-court, it can probably be bet on in Colorado. Find out the full range of sports, leagues, and events available to bet on right now at Colorado sportsbooks.
ColoradoSharp.com Is Officially Licensed By Colorado Division Of Gaming Enforcement To Promote Legal Sports Betting In Colorado
Colorado Sports Betting FAQ’s
Colorado Sports Betting
Colorado sportsbooks available in the state are some of the best. With multiple retail windows and several apps live, Colorado’s sportsbook market has steadily grown by leaps and bounds. Whether you’re a seasoned expert or a rookie bettor, this page will provide tips and tricks to help you get the most out of your experience.
How to Get Started With Colorado Online Sportsbooks
The sportsbooks may each look a little different, but most of them have the same signup process. Here’s how bettors can get started with online sportsbooks.
Creating An Account
Wherever bettors choose to wager, they’ll have similar signup forms to fill out. Sportsbooks ask for basic information like names, home addresses, and email addresses. However, they also ask for personal information, including bettors’ social security numbers. This is part of an identity confirmation process that allows sportsbooks to comply with anti-money laundering regulations.
Whether it’s from their phones or from their desktops, bettors can create accounts like they would on any other site.
Depositing And Withdrawing Funds
Putting money into and taking money out of sportsbooks is easy. The breadth of deposit options can vary, but there are a few key deposit options that are nearly universal:
- Bank Transfers
- Credit and Debit Cards
Prolific bettors will find other deposit options like Skrill or other platforms similar to PayPal. There’s also an in-person cash deposit option at participating 7-Elevens and a few other partners. However, bettors can rely on the three options above to fund their accounts.
If bettors want to withdraw money, there will also be a ‘withdraw’ option. Some withdrawal methods are the same as the deposit methods. Others differ. Bettors will have to explore their sportsbook of choice to find out.
But once everything is set up, deposits and withdrawals are seamless.
Sportsbook Bonuses In Colorado
When bettors are signed up, they’ll be offered welcome bonuses. These bonuses often sound too good to be true at face value. That’s because they come with specific terms that new bettors may overlook. Here are the two most common types of welcome bonuses.
When bettors deposit funds into their accounts, some sportsbooks will match their deposits in site credits. For example, DraftKings Sportsbook offers a 20% deposit match up to $1,000 to new users. However, bettors have to read the fine print to get the full value of that deal. DraftKings will match bettors’ deposits at a 20% rate. That means for every $5 bettors deposit, DraftKings will add $1 in site credits. Once DraftKings has awarded $1,000 in site credits, the welcome bonus will end.
Colorado Risk-Free Bets
Risk-free bets are like insurance. If a bettor places a bet and wins, then they collect their winnings. But if they lose, then their stake is returned to them. Again, bettors need to read the fine print to learn how to leverage a risk-free bet. Sportsbooks have also started to use different verbiage instead of just saying “risk-free”, so be sure to pay attention there, as well.
FanDuel Sportsbook, for instance, offers a “no sweat first bet” of up to $1,000. If a bettor wagers $50 and the bet loses, they’ll get their $50 stake back. That’s a full refund, so that sounds good. But if they wager $1,000 and lose, they’ll get $1,000 back. If they wager any more than $1,000, they’ll still get $1,000 refunded in site credits.
Risk-free bets are only good for one bet. That means bettors have to bet big upfront to get the full value of the free bet. And they only have one chance to do it. It’s a big ask to make a first-time bettor wager $1,000 on their first bet. A win would be amazing, but bettors may make the mistake of wagering small when they have the chance to go big. It’s a double-edged sword that’s wasted far too often.
Start Betting In Colorado
Once bettors have their accounts set up, they can start placing bets. Most of the time, bettors just have to click on the odds they want to bet on. Then, they input how much they want to wager, and place the bet. If they win, the money will be credited to their accounts for later withdrawal.
Sportsbooks may look daunting at a glance, but navigating the numbers isn’t as hard as it seems. The positive numbers are odds against a team. The negative numbers are in favor of a team. The farther from +100 positive odds are, the less likely a bet is to win. The farther from -100 negative odds are, the more likely a bet is to win.
For example, a team with +200 odds has a 33% chance of winning. A team with -200 odds has a 66% chance of winning. A $100 bet on the underdog would win $200. A $200 bet on the favorite to win would be $100. The reward on an underdog winning is bigger because it’s less likely. Conversely, the prize on a favorite winning are smaller, because it’s more likely. The sportsbook is a just risk-and-reward tradeoff reduced to numbers.
Bettors don’t have to worry about cash conversions on their own, though. Sportsbooks tell bettors how much they’ll win based on how much they’ve wagered. Since sportsbooks do the math for you, all you have to do is place your wager and hope your intuition is right.
Top Colorado Online Sportsbooks
Some sportsbooks are better than others. They may offer better bonuses, have better odds, or have better interfaces that are easier to navigate. Here are Colorado’s top sportsbooks and why they’re serious choices for bettors.
DraftKings started out as a daily fantasy platform but has grown as a force in the online sportsbook industry, too. Bettors will find a wide range of sports to choose from with many types of bets. The app is extremely easy to use, and it has one of the best welcome bonuses in Colorado. DraftKings tends to have strong odds on the favorite to win, making them an important choice for bettors who play it safe. Whatever bettors are looking for, they’ll be able to find it at DraftKings.
Caesars Welcome Bonus: Your first bet is on Caesars up to $1,250 with Caesars Colorado promo code SHARPBETFULL
Caesars Sportsbook is backed by Caesars Entertainment, and that comes with the security of betting with a top-notch sportsbook. Using our exclusive promo code will also get you 1000 Tier Credits and 1000 Reward Credits® for the fantastic Caesars Rewards program!
BetMGM Welcome Bonus: $1,000 first bet offer with bonus code SHARP
Betting at BetMGM began counting toward M Life rewards which can be an added benefit to bettors. That’s good news for anyone who wants to get comps and discounts at MGM Grand Resorts. In addition to a solid rewards program, BetMGM offers decades of gaming experience and great mobile app.
BetRivers Welcome Bonus: 2nd chance free bet worth up to $500 with BetRivers Colorado promo code SHARPRIV
BetRivers’ online sportsbook has one of the best rewards programs in Colorado. It has eleven reward tiers, some of which are accessible to casual bettors. However, bettors will have to spend quite a bit each month to access BetRivers’ highest reward tiers. Bettors interested in a unique rewards program should keep BetRivers in mind when choosing a sportsbook.
Where BetRivers excels is in its ongoing promotions for existing customers. There’s always a bonus bettors can take advantage of throughout the year.
Betfred Welcome Promo: Bet $50 and get up to $1,111 in free bets with Betfred CO promo code SHARPBET
New Betfred users who place an initial wager of at least $50 will receive $111 in free bets regardless of the outcome of the wager. Users can also get 50% back on their losses, up to $200 a week, for a total of $1,000 over five weeks.
Betfred is a well-established sportsbook as it has been around for more than 50 years. Colorado sports fans can definitely bet with confidence on this app. Betfred also does a good job of offering ongoing promos throughout the year for current customers. The odds aren’t the best in the industry, but it’s definitely worth checking out when line shopping.
FanDuel Welcome Promo: No Sweat First Bet up to $3,000
FanDuel was an early Colorado entrant. It has a bright, classy look that bettors can browse for hours. Its welcome bonus is pretty vanilla compared to some of the other top Colorado sportsbooks. However, FanDuel has a great selection of bets and competitive odds that make it a must-check for prolific bettors. Especially for bettors who like to root for the underdog.
Bet365 Welcome Offer: Bet $1, Get $200 in Free Bet Credits
After amassing more than 40 million global users, the UK-founded Bet365 is making its way to the states. While the new user promo won’t blow you away, it’s easy to obtain. Just sign up using our promo link, deposit $10, make a $1 bet, and you’ll receive $200 in free bets.
SI Sportsbook Colorado
SI Welcome Promo: Bet $20, Get $200 in Free Bets
Sports Illustrated (SI) Sportsbook is a relatively new app, only having been launched in September 2021. The new SI Sportsbook promo gives new users $200 in free bets, but only if you place and win a $20 bet. The move is a little head scratching because $20 is a higher first bet requirement than most other online sportsbooks and if you lose you receive nothing. If you are a fan of the SI magazine, however, you will especially enjoy the insights that the site gives for bettors.
Colorado’s Online Sportsbooks
Colorado Retail Sportsbooks
Besides its many online sportsbooks, Colorado also features retail sportsbooks where bettors can place bets in person at a Colorado casino. Here are the retail sportsbooks currently operating in Colorado.
Saratoga Casino in Black Hawk has a retail sportsbook run by Betfred. The retail sportsbook is 1,400 square feet of TV walls, betting windows, and a luxury betting lounge. It’s a great place for social bettors to meet up and grab drinks while they wait and see whether their bets play out in their favor.
Monarch Casino Resort & Spa
Monarch Casino does all its sportsbook work in-house. It developed its own app, and it runs its retail sportsbook, too. Monarch’s current sportsbook is still being built, but there’s a temporary location open until the final one is finished. Until construction is completed, bettors will find the temporary betting kiosks on the second floor of the casino.
Bally’s Black Hawk
DraftKings has a brick-and-mortar location Bally’s Black Hawk casino. All of the sports available on DraftKings are also available at its retail location. The retail sportsbook is DraftKings green and open for business.
The first Cripple Creek casino to open a retail sportsbook, Wildwood Casino is ready to jump into the sports betting industry. Its retail sportsbook is run in-house inside Woody’s Bar and Grill. With bar food and drinks available, Wildwood Casino has prepared a strong sports betting environment for bettors to congregate in.
Ameristar Casino Resort & Spa
Like Monarch Casino, Ameristar opened a temporary sportsbook until it completes its permanent sportsbook space. On Ameristar’s second floor, bettors will find enough sportsbook kiosks and HDTVs to see how their bets play out. Ameristar also runs its retail sportsbook in-house, so they have complete control over their bettors’ experiences.
What Can Bettors Wager On?
Bettors have plenty of betting options. However, the four most popular professional leagues are at the center of everyone’s attention. Here’s what the main professional leagues have to offer.
Coloradans definitely love their Broncos and are excited for the upcoming season. But let’s be honest: all NFL action is exciting and tends to draw a ton of interest. After all, the NFL absolutely dominates television ratings.
Bettors who want to get in on the action can place all sorts of wagers. You can bet point spreads, moneylines, and totals for individual games. You can choose individual prop bets. Or, you can compete against other DFS lineups. For the biggest payouts, you can place futures on who’ll win the division, the conference, the Super Bowl, the MVP award, and more.
The Rockies are always fun to watch–especially when Charlie Blackmon casually hits a grand slam in the ninth inning.
However, even if the Rockies are off for the day, or for bettors who like other teams, Coloradans can still find exciting MLB lines on sportsbooks like FanDuel and DraftKings. Moneylines, run lines, and totals are all set and ready for action. If you want to go for individual or team prop bets, plenty of those are available as well.
Many fans enjoy futures bets, and baseball offers as many as other sport. You can bet on a team to win over a certain number of games or a pitcher to have over a certain number of strikeouts. Or of course, you can make the most popular futures bet of all and lay down money on your pick to win the World Series.
Colorado’s sportsbooks also have live pitch-by-pitch odds. If a bet as specific as Batter Seven keeping the ball in play during the first pitch of the fourth inning is appealing, then MLB bets may be for you.
Colorado bettors can place wagers on games featuring the Colorado Avalanche, one of the best teams in the country, or on any other NHL squad. As with other sports, the options are virtually endless, from moneyline bets to puck lines to totals to player or team props.
You can bet on the long term by picking who you think will win the Stanley Cup. Alternately, you can bet on the very short term. For example, bettors can wager on whether the Avalanche will win without conceding a goal. They’re long odds, but they’re fun bets that may appeal to new bettors.
Whatever bettors are into, they’ll find it in NHL lines.
Though the Denver Nuggets are named for the gold chunks that used to be prospected in Colorado mines, the team has never made it to the NBA Finals. However, NBA fans in the Centennial State may still want to put some money on the favorite team, a perennial playoff contender. Even if not, Colorado’s sportsbooks offer a wide market of opportunities for betting on pro basketball.
NBA bettors will find game lines, prop bets, and team futures like the other leagues, all of which can change in real time. And, bettors also have player futures available. If you think you know who next season’s Rookie of the Year is, then you can make some good money guessing the right one.