BetRivers Colorado Bonus Code & Sportsbook Review 2022

Up To $500
2nd chance free bet - T&C's Apply
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Claim your BetRivers Colorado 2nd chance free bet worth up to $500 by using promo code SHARPRIV

BetRivers’ sports betting reputation has been growing steadily since its launch and rapidly the last year. BetRivers is offering new Colorado bettors a 2nd chance free bet worth up to $500. The sportsbook also does a great job of offering daily odds boosts, ongoing promotions for current customers, and competitive odds.

With Colorado bettors having over 20 sportsbook apps to choose from, BetRivers makes a strong case to be near the top of that list.

2nd Chance Free Bet
Convenient Banking Options
Strong App

**Some of the products featured here are from our partners who compensate us. This does not influence our evaluations. Our opinions are our own. All bonus and promotions have Terms & Conditions that apply. 21+ for legal online gambling sites. If you think you have a gambling problem, please call 1-800-522-4700.

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BetRivers Colorado Bonus Code December 2022

BetRivers Sportsbook recently switched up its welcome offer for Colorado bettors when you use our BetRivers Colorado promo code: SHARPRIV. New players will receive a 2nd chance free bet worth up to $500 if their first real-money wager results in a loss. Terms and conditions apply.

BetRivers Colorado Promo Code
Deposit Bonus
2nd chance free bet worth up to $500
BetRivers Sportsbook States
Last Verified
December 2022

Here are the important things to know about the 2nd chance free bet when using BetRivers Colorado promo code SHARPRIV:

  • You only receive the 2nd chance free bet if your first wager settles as a loss.
  • The amount of your free bet applies only to the first wager you place.
  • If your first wager is worth more than $500, you will be given a $500 bonus.
  • If the bet you place with your 2nd chance free bet wins, you will only receive the winnings from the bet and not the wager amount.

Ongoing BetRivers Promos

The promos with BetRivers don’t stop when you sign up. BetRivers does a great job of offering ongoing promos for existing users throughout the entire year. Here are some examples of BetRivers’ ongoing promotions as of September 2:

  • 20% college football profit boost
    • Place a parlay of 3 or more legs on any college game and receive a 20% profit boost
  • US Open Profit Boost
    • Get a 20% profit boost each day during the US Open
  • Colorado vs TCU Bet and Get
    • Place a pregame wager of at least $25 on the Colorado/TCU game and receive a 20% live profit boost

Additional terms and conditions apply to all of the above promos.


Does BetRivers Colorado Have Decent Odds?

Yes. BetRivers is among the top tier of US sportsbooks that deals competitive odds on a variety of sports. The competition between books helps keep odds competitive.

How Do Spreads & Totals Work?

These are among the most basic sports bets, but they’re also some of the most popular, too. You can get or lay points on the spread if you’re betting on the underdog and favorite, respectively. The Denver Broncos were laying -4.5 points to the Seattle Seahawks at BetRiver as of this writing. The season opener was still two months away, but you can bet on the spread now. If you bet Denver, it will need to win by five points to cover the spread.

The total for Broncos-Seahawks was set at 41.5. Totals are also known as “over-under” bets because you’re betting over or under that number. In this case, the teams would have to combine for at least 42 points for the over to hit. Under bettors need a maximum of 41 points scored to win their bet.

Always shop around for the best odds on your bet. Opening multiple sportsbook accounts is beneficial.

Does BetRivers Have Moneyline Odds?

Yes. Let’s take a look at moneyline odds for the June 28 MLB game between the Dodgers and Rockies.

TeamBetRivers DraftKingsFanDuel

BetRivers offered the best moneyline odds on the Rockies at +190. A $100 bet will pay out $190 if the underdog Rockies just win the game. The final score is irrelevant. DraftKings had the best odds on the Dodgers at -215. A $215 bet on the favored Dodgers will return $100 if L.A. wins the game. You can again see how critical it is to have multiple sportsbook accounts in this example.

Scouring the Market for the Best Futures Odds

Futures odds can fluctuate more than spreads and totals at sportsbooks. These odds are available throughout the year on big events like the Super Bowl and World Series. Betting on the Denver Broncos to win Super Bowl 57? You’re using futures odds to do so. Here were those odds as of this writing in late June:







BetRivers again offered the best odds here. Sportsbooks try to offer enticing odds for bettors while being mindful of their theoretical hold. This is the amount of profit they expect to realize from a betting market. A lower theoretical hold translates to higher odds and payouts for bettors and vice versa.

Updated 6/28/2022


BetRivers offers the core professional sports that form the core of any sportsbook, like football, basketball, and baseball.  Bettors will also find sports like tennis, golf, and table tennis, which are popular but don’t draw the money that football does. Finally, BetRivers offers niche sports like snooker.

BetRivers has many different types of bets, too. Bettors will find moneyline bets, point spreads, and unique parlay bets. If bettors feel lucky, they can try BetRivers’ jackpot parlay bet. Bettors can choose between three and eight random outcomes. If all the bets occur the way the bettor predicted, then they win the jackpot.

However, the odds on random bets winning consecutively is highly unlikely. A $1 bet on eight random lines would return over $101,000 if all the parlay’s legs won. They’re tantalizing bets, but BetRivers wouldn’t offer a jackpot like that if they thought anyone would win. However, it’s a unique bet type that sets BetRivers apart.


BetRivers Colorado makes it easy for bettors to fund their accounts. In fact, the deposit screen includes the welcome bonus code filled into the bonus code box. That’s a bonus that makes me feel welcome. Here are all the ways that bettors can fund their accounts:

  • Credit/Debit Card
  • VIP Preferred ACH
  • BetRivers Play+ Card
  • PayPal
  • Cash Deposit – PayNearMe
  • Cash Deposit – Vanilla

The best options are credit and debit cards if bettors’ card companies don’t block gambling transactions. But if cards don’t work, then bettors can use PayPal as a reliable deposit method. BetRivers offers almost as many withdrawal options, too:

  • Online Banking
  • BetRivers Play+
  • PayPal
  • VIP Preferred ACH e-Check

To facilitate withdrawals, bettors should use the same deposit method as the withdrawal option they’d like to use. So, if bettors want to withdraw through PayPal, bettors should deposit with PayPal, too. Overall, BetRivers makes it easy for bettors to deposit and withdraw sportsbook winnings. There are plenty of deposit and withdrawal options for bettors who need to be flexible.


BetRivers is now available for both iOS and Android. The iOS version is listed on the Apple Store, and the Android version can be found on Google Play.

BetRivers’ menus are easy to navigate because all the main sections are available at the bottom of the screen. There’s a search option in the upper left corner for bettors who don’t want to manually scroll through the sports at the top of the screen.

The bet slip is streamlined, too. When bettors choose a line to bet on, it gets added to their bet slip in the bottom right corner. Bettors then have to go into their bet slip and choose how much to wager on each line before any bet is officially placed. It’s great for bettors who want to shop around but irritating for bettors who want to wager as they go.

However, BetRivers experiences a lag between pages. It’s a small performance issue, but it’s frustrating when there are multiple games to put money on. Overall, BetRivers has a strong app and website. There are just a few performance kinks it could smooth out.


BetRivers is a solid sportsbook. It has a competitive welcome bonus that bettors can unlock with Colorado Sharp’s BetRivers online affiliate code. BetRivers also has competitive odds and a competitive selection of sports and betting lines. BetRivers has an iOS and Android app, so it’s easily accessible on Apple and Android devices. With its unique rewards system, BetRivers is a powerhouse among Colorado’s sportsbooks.

Is BetRivers’ Colorado Sportsbook Legit?

For so long, offshore sportsbooks and illegal bookies dominated the sports betting industry. But now that sports betting is being legalized–and regulated–sports betting is gaining respectable industry players. Here are five reasons bettors can trust BetRivers as a business.

BetRivers Must Tell Colorado Who The Money Goes To

Per Rule Six of the Division of Gaming’s sports betting regulations, sports betting operators must report who gets sportsbook profits. Every year, Colorado authorities learn who specifically is profiting off sportsbooks. That way, they know that only legitimate business people are making money off the sportsbook.

BetRivers Must Respond To Complaints Within Ten Business Days

Licensed Colorado sportsbooks are required to accept patron complaints, and respond to them in a timely manner. Colorado won’t let sportsbooks leave their customers hanging. It wants its sportsbooks to operate as legitimate businesses with superior customer care.

BetRivers Must Limit Itself To Approved Betting Areas–And Times

To maintain control of online sports betting, Colorado limits where sports betting can take place. It’s primarily within state boundaries, but Colorado also specifies time limits. Per Rule Six sports betting is allowed 365 days per year, and 366 days during leap years.

BetRivers Cannot Offer Lines On High School Games

There are limits on what BetRivers can offer betting lines on. They cannot offer lines on high school sports events, because it could have adverse effects on high schoolers. These restrictions keep high schoolers from adjusting their play to win money on a point spread. Bettors cannot place prop bets on college games for the same reason.

BetRivers Can Only Offer Lines On Approved Sports

Wouldn’t it be awful if a sportsbook created a sport with rules that gave bettors no chance to win? The Colorado Division of Gaming thinks so. That’s why they have a master list of legal sports and bets. The list ensures that sports with betting lines have rules that make wagers fair for bettors.

Why Would Bettors Choose BetRivers Over Some Illegal Site?

There are plenty of reasons not to bet at an illegal sportsbook. However, one of the biggest reasons is the sports betting patron’s wellbeing. Licensed Colorado sportsbooks are required to link to problem gambling resources to keep bettors from blowing their life savings on Broncos bets.

The most identifiable step sportsbooks take to help their problem patrons is displaying the responsible gaming logo on their website. It links to the problem gambling hotline and to the self-exclusion list.

The self-exclusion list is particularly effective. Bettors who feel like they’ve been sinking too much money into BetRivers can submit their information to the self-exclusion list. Once their name is on that list, no sportsbook can accept money from them. Sportsbooks are also forbidden from sending self-excluded bettors any marketing materials. Bettors can completely cut themselves off from sports betting if they need to.

Illegal sportsbooks, on the other hand, don’t care whether bettors bet the mortgage on long odds. They’ll let bettors sink every dollar into their sportsbooks without giving them the resources to stop.

Although sportsbooks cannot force problem gamblers to take advantage of the available resources, they can provide them easily. Licensed sportsbooks can also honor the self-exclusion list. Bettors who choose to take control of their gambling habits can count on licensed sportsbooks to turn them away. They cannot count on illegal sportsbooks to turn business away when problem gamblers move to take control of their gambling.

How BetRivers Keeps Their Patrons’ Money Safe

BetRivers keeps its customers safe, but how do they keep their customers’ money safe? Nothing is unhackable, and bettors may feel skittish about a new app or website asking for their credit card numbers.

The backbone of BetRivers–and all secure websites–is SSL. It’s a fancy name for a type of web security that does two things:

  • Proves the website is who they say they are.
  • Encrypts user data from end to end–no one can read your data except you and the website receiving your data.

SSL prevents hackers from sneaking into a website and viewing the data users send to the website. All the hackers would find in an SSL-certified website is some code, instead of the plain text that websites without SSL certificates send back and forth. The website with SSL encryption has the only key to decrypt the data.

BetRivers offers additional security measures, but SSL is what keeps hackers from shopping with bettors’ debit cards. The rest of the account security largely comes from actions that bettors take for themselves, like adding security questions or keeping their login credentials private.

BetRivers Quick Fact Sheet

Age to Bet21
Legal StatesAZ, CO, IL, IN, IA, LA, MD, MI, NJ, NY, PA, VA & WV
BetRivers' Colorado PartnerJ.P. McGill's Hotel and Casino


Can Bettors Sign Up For BetRivers Sportsbook From Anywhere In-State?

Yes. They can sign up from anywhere in the world if they want to. However, they can only place a bet in Colorado. BetRivers tracks your location while you’re using it to make sure you’re a legal Colorado bettor. Good luck sneaking around that.

Is BetRivers’ Website Legal?

Yes. Online sports betting is legal in Colorado with licensed sportsbooks. However, online casinos remain illegal in Colorado.

How Old Do Bettors Have To Be To Bet At BetRivers?

21. Some bettors confuse the sportsbook age with the fantasy sports age. Now that DraftKings and FanDuel have sportsbooks in Colorado, it’s an easy mistake to make. However, fantasy sports players only need to be 18. Sportsbook bettors must be 21.

Can Bettors Wager On Esports At BetRivers?

Yes. It’s one of the sports tabs on top the screen. The NBA 2K League is going on at the time of this writing, and BetRivers has plenty of betting lines on it. BetRivers has moneyline bets, point spreads, point totals, and specials available. There are also half-time bets for bettors who’ll only catch part of the live stream.

Is BetRivers’ Sportsbook Licensed In Colorado?

Yes. BetRivers was one of the first online sportsbooks to launch in Colorado. Colorado’s Division of Gaming also has a section on its website that lists Colorado’s licensed sportsbooks.

Does BetRivers Offer In-Play Betting?

Yes. Live betting is its own tab on BetRivers’ website. US pro tennis has some live lines while I’m writing this review. Besides the standard moneyline, point spread, and point total bets, there are plenty of bets on the score at the end of different sets. It’s an engaging way to play if you’re into watching your sports while you bet on them.

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.