Top-Rated Colorado Online Sportsbooks For May 2022
$50 free bet + 20% deposit match Up To $1,000
Top rated sportsbook app & website
Daily odds boost promotions
Average customer service
$1,000 risk free bet using bonus code SHARP
Earn M Life rewards
Daily odds boosts
Average welcome bonus
$1,100 first bet insurance with promo code SHARPBETCZR
Weekly NFL promos
100% deposit match up to $250 with bonus code SHARP250
Only 1x playthrough requirement
Stream live sports
App not as strong as competitors
Up to $500 bonus with promo code SHARPBET
User-friendly app & website
Several years in industry
Odds not always competitive
Welcome bonus not as strong as competitors
100% deposit match up to $1,000
Competitive underdog odds
App not as strong as competitors
Does not accept PayPal
Risk free bet up to $1,000
Popular sportsbook app & website
Average customer service
Colorado Sports Betting Updates
In case you missed it, here are some of the latest news headlines from Colorado Sharp.
- April 20, 2022: The Rockies’ Charlie Blackmon signed with MaximBet. Blackmon became the first Major League Baseball player to have an endorsement deal with a sportsbook,
- March 8, 2022: The Denver Broncos acquired Russell Wilson from the Seattle Seahawks in a blockbuster trade. Their Super Bowl odds have improved at all sportsbooks.
- March 1, 2022: Colorado Division of Gaming announced that the state broke its monthly record for sports betting handle in January 2022, taking $573.7 million worth of wagers.
- January 28, 2022: Colorado Division of Gaming reported that bettors wagered $3.85 billion in Colorado in 2021, up more than a billion from 2020.
In an attempt to gain more tax revenue from sports betting, the Colorado State House and Senate have passed legislation that is expected to be signed soon by Gov. Jared Polis. Under the law, Colorado sportsbook operators will no longer be able to deduct many of the promotional and marketing expenses from their revenue. The move […]
The Colorado Avalanche are prohibitive favorites in their matchup against the St. Louis Blues in the second round of the Stanley Cup Playoffs. The Avalanche lead the Western Conference semifinal series 3-1 following a 6-3 win at St. Louis on Monday night that was highlighted by Nazem Kadri’s hat trick. The Avalanche have the shortest […]
The full schedule for the Denver Broncos and the rest of the NFL will come out Thursday night, but fans can already bet the season wins total for the Broncos or any other team at Colorado Sportsbooks. Denver was 7-10 last season, including a 1-5 record in division play. However, this year’s Broncos have something […]
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.
Deposit bonuses are the stronger of the two common welcome bonuses. They allow bettors to deposit funds at their own pace and reap the full value of the bonus over time.
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.
FanDuel Sportsbook offers a risk-free bet of up to $1,000. Pay attention to the ‘up to $1,000’ part. 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 $1000, 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 is known for fantasy sports, but it has a strong sportsbook, too. Bettors will find a wide range of sports to choose from with many types of bets. The app is seamlessly 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.
BetMGM Welcome Bonus: $1,000 Risk-Free Bet 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. If personalized discounts are important to anyone out there, they should put BetMGM on their phone.
Caesars Welcome Bonus: $1,100 First Bet Insurance with code SHARPBETCZR
Caesars Sportsbook is backed by Caesars Entertainment, and that comes with the security of betting with a top-notch sportsbook. Bettors will enjoy first bet insurance up to $1,100.
BetRivers Welcome Bonus: $250 Deposit Bonus at 100% Match Rate with code SHARP250
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.
Betfred Welcome Promo: $500 risk-free bet with promo code SHARPBET
Betfred is a well-established sportsbook – it has been around for over 50 years. Bettors can definitely bet with confidence on this app. The odds aren’t the best in the industry, but it’s definitely worth checking out when line shopping.
MaximBet Welcome Promo: 100% match up to $1,000
MaximBet was created by the folks behind the popular lifestyle magazine. It’s new to Colorado, but it’s expected to do well given its sleek app and competitive selection of sports.
FanDuel Welcome Promo: $1,000 Risk-Free Bet
FanDuel was an early Colorado entrant. It has a bright classy look that bettors can browse for hours. Its welcome bonus isn’t as strong as DraftKings or Fox Bet. 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.
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.
Mardi Gras Casino
DraftKings has a brick-and-mortar location in the Mardi Gras Casino in Black Hawk. 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.