Colorado Sports Betting Apps

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.

Fun stuff.

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
• PayPal

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.

Deposit 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 five sportsbooks and why they’re serious choices for bettors.

FanDuel Colorado

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.

BetMGM Colorado

BetMGM Welcome Bonus: $1,000 Risk-Free Bet

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.

DraftKings Colorado

DraftKings Welcome Bonus: $1,000 Deposit Bonus at 20% Match Rate + $50 free bet with a $5 deposit

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.

BetRivers Colorado

BetRivers Welcome Bonus: $250 Deposit Bonus at 100% Match Rate

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.

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

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.

Wildwood Casino

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.

NFL Bets

The NFL season has begun and Tom Brady, arguably the greatest quarterback of all time, continues to inspire through excellent play. He led the Buccaneers to their first victory in the opening game of the season against the Dallas Cowboys in an instant classic. The Broncos will start their season in New York against the Giants. The exciting receiving corps and quarterback combination make them a potentially explosive offense. Bettors can wager on the first two weeks of NFL games and–if they’re especially confident–place futures on who’ll win the NFL championship. There are also point spreads and point totals available for betting, so the full gamut of sports betting is available to bettors.

MLB Bets

The Rockies are always fun to watch–especially when Charlie Blackmon casually hits a grand slam in the ninth inning. While they’re out of the playoff hunt, Colorado bettors can still find exciting MLB lines on sportsbooks like FanDuel and DraftKings. Moneylines and point spreads are all set and ready for action. 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.

NHL Bets

Colorado bettors can place wagers on the Colorado Avalanche, one of the best teams in the country, despite having disappointed the last two postseasons. Bettors will have to wait until October 12, the start of the next NHL season, to place their bets. Bettors will find game lines and futures on the 2021-22 NHL season. However, there are game props available, too. 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 their tastes catered to in NHL lines.

NBA Bets

The NBA playoffs begin next spring in April. The Denver Nuggets have never made it to the finals, but Colorado bettors can optimistically place bets on their favorite NBA team. Bettors will find game lines, prop bets, and team futures like the other leagues. However, 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.

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.