The 2022 NFL season ended in February with the Los Angeles Rams defeating the Cincinnati Bengals in Super Bowl 56. The NFL is the king of sports wagering, which means the action is always heavy at legal sportsbooks in Colorado.
With the 2022-2023 season about to begin, it’s a fantastic time to get your bets in, especially if you want to wager on a long shot. As the season progresses, odds will tighten up as it becomes more clear who the real front runners are.
Super Bowl 2023 Odds In Colorado
|Tampa Bay Buccaneers||+700||+750||+750|
|Kansas City Chiefs||+1000||+1000||+1100|
|Green Bay Packers||+1000||+1200||+1200|
|Los Angeles Rams||+1200||+1100||+1100|
|Los Angeles Chargers||+1400||+1400||+1400|
|San Francisco 49ers||+1600||+1600||+1600|
Where Can I Bet On The Super Bowl In Colorado?
Betting On The Super Bowl Online In Colorado
DraftKings Sportsbook favors Buffalo (+650) and Tampa Bay (+700) as the top two threats to win Super Bowl LVII. Bonus offers at the online sportsbook include a 20% deposit match bonus, up to $1,000, plus a $50 free bet with a $5 deposit.
Super Bowl odds at BetMGM look similar to other online sportsbooks, including consistent odds of +1600 on the Denver Broncos. After signing up for a new account, bettors can unlock a risk-free bet of up to $1,000.
The Bills, Buccaneers, Chiefs, and Packers top the list of odds-on Super Bowl favorites at BetRivers. New players can take advantage of a 100% deposit match bonus of up to $500, with just a 1x playthrough requirement, at BetRivers online sportsbook.
The overall odds at FanDuel Sportsbook are similar to DraftKings, with the same payouts on the Bills (+650) and Buccaneers (+700). New players at FanDuel Sportsbook are eligible for a risk-free bet of up to $3,000.
Android and iOS mobile device owners can download the BetMonarch sports betting app and place bets on the Super Bowl champion from anywhere in Colorado.
Odds on Super Bowl favorites at FOX Bet play similar to other Colorado online sportsbooks, with the platform favoring a Bills-Buccaneers rematch in the 2022-23 Super Bowl. FOX Bet offers a 50% deposit match bonus, up to $50, as well as up to a $50 risk-free bet.
SBK Sportsbook is only available as a downloadable app. Android users can download the app directly at the SBK Sportsbook website, while iOS users can download the platform at the App Store. Bonuses include a $20 risk-free bet after depositing $20 or more.
The tribally-owned Sky Ute Casino offers its online sportsbook as a downloadable app for iOS and Android devices. Odds on favorites stand similar to other sportsbooks, while teams like the Dallas Cowboys (+2,500) offer more favorable odds on the Sky Ute Sportsbook app.
Circa Sports Colorado offers slightly lower odds on the favorites to win the NFL championship. Kansas City and Tampa Bay, for example, have +500 odds to win the Super Bowl. It’s not the best deal bettors can find on this list.
Bet Wildwood also lists the Bills, Buccaneers, Chiefs, and Packers as the top four favorites to win the next Super Bowl. Bet Wildwood offers its platform as a downloadable app for iOS and Android mobile devices.
Live Sportsbook Locations In Colorado
DraftKings Sportsbook (Golden Mardi Gras Casino, Black Hawk)
Golden Mardi Gras Casino introduced a DraftKings-branded on-property sportsbook this summer. The live version of DraftKings Sportsbook features all of the Super Bowl futures and single-game betting options as the online DraftKings Sportsbook platform.
Betfred (Saratoga Casino, Black Hawk)
Saratoga Casino took the first-ever legal in-person sports bet in Colorado in June 2020. The sportsbook is powered by Betfred, the official sports betting partner of the Denver Broncos.
BetMonarch (Monarch Casino, Black Hawk)
BetMonarch offers a mobile sports betting app, but an in-person sportsbook is located at the Monarch Casino property as well. The live and online versions of the sportsbook offer the same Super Bowl betting opportunities.
Caesars Sportsbook (Lady Luck Casino, Isle Casino, Black Hawk)
A pair of Eldorado Resorts-owned properties host self-service betting kiosks powered by Caesars Sportsbook. Both the Lady Luck Casino and Isle Casino offer six kiosks each.
Ameristar (Ameristar Casino, Black Hawk)
The state’s biggest casino hosts an in-person sportsbook, with both a live betting window and self-service kiosks. The sportsbook is expected to be rebranded as Barstool eventually.
Woody’s At Wildwood (Wildwood Casino, Cripple Creek)
The lone live sportsbook found in Cripple Creek is located at Wildwood Casino. Woody’s at Wildwood offers self-service kiosks and a live betting window.
History Of Denver Broncos Championships
The Denver Broncos own a history as one of the most successful teams in the NFL. The Broncos’ resumé includes eight AFC Championships, each of which resulted in a Super Bowl appearance.
Denver came away with wins in three of those games, taking the Lombardi Trophy In Super Bowl XXXII (1997), Super Bowl XXXIII (1998), and Super Bowl 50 (2015).
All three NFL Championships for the Broncos came at the hands of legendary quarterbacks.
John Elway stands as perhaps the most hallowed figure in Broncos history. Elway played quarterback for Denver from 1983-1998 and currently acts as the team’s general manager.
Elway took the Broncos to five Super Bowls overall. Denver lost in those first three championship opportunities, but Elway led the Broncos to consecutive championships in 1997 and 1998, the final two years of his Hall of Fame career.
Future Hall-of-Famer Peyton Manning joined the team from 2012-2015, taking the team to a pair of Super Bowls. Like Elway, Manning finished off his career with a Super Bowl win with the Broncos, retiring after Super Bowl 50.
NFL Super Bowl Odds And Betting
Moneyline bets present the simplest way to bet on the Super Bowl. This bet offers the chance to bet on which team will win the game, straight up.
This kind of wager adds a point spread to the Super Bowl bet, adding points to the underdog’s final score and subtracting from the favorite.
Also known as over/under betting, totals wagers place a bet on whether the total points scored in the Super Bowl will finish above or below a line set by the sportsbook.
Parlays bets are still on the table for Super Bowl Sunday. Parlays combine multiple bets on one ticket and allow for different kinds of bets on the same ticket. A Super Bowl parlay, for instance, could combine a point spread, totals bet, and a prop bet.
What Is An NFL Futures Bet?
A futures sports bet wagers on an event with a duration longer than a single game. Examples of NFL futures bets could include wagers on what player will win the league’s rushing title, or what player will win the NFL MVP.
The most popular way to make an NFL futures bet is to wager on the Super Bowl champion. A Super Bowl futures bet can be made at any time of the year, up until the teams playing in the game are determined.
Odds on different teams can change drastically throughout the year. As soon as the Super Bowl is finished, sportsbooks quickly offer futures odds on the following season.
What Is A Super Bowl Prop Bet?
Prop bets involve wagering on an event not directly related to the outcome of the game.
Some prop bets involve in-game statistics or accolades for certain players. For example, a prop bet from Super Bowl LIV put +110 odds on Chiefs quarterback Patrick Mahomes winning the game’s MVP award. Another prop bet from the game offered a totals wager on whether 49ers running back Raheem Mostert would finish over or under 80.5 rushing yards.
Other Super Bowl prop bets offer wagering on things that don’t even involve the game played in the field. Most of these wagers fall into the category of exotic prop bets, the category used to describe wagers that largely rely on luck, instead of bettor skill.
One such example includes a prop bet on which team will win the Super Bowl coin toss, which finds its way onto sportsbook betting menus every year.
How Super Bowl Betting Odds Are Calculated
Moneyline (American Odds)
Moneyline odds, aka American odds, represent the default betting odds notation used by most US sportsbooks.
Here’s a look at the moneyline odds from Super Bowl LIV, according to BetMGM:
Team Moneyline Odds
San Francisco 49ers +105
Kansas City Chiefs
Moneyline odds with a “+” notation displays the amount of profit awarded on a winning $100 bet. A $100 bet on the 49ers, for example, would yield $105 in profit if it wins.
How To Calculate Positive Moneyline Odds
A $100 bet on San Francisco would result in the sportsbook returning $205 ($105 profit plus the original $100 bet) if the 49ers won. Another way to calculate “+” odds is to divide the line by 100, then multiply that number by the size of the bet.
Using this method, dividing 105 by 100 yields 1.05. You can then multiply the size of a wager by 1.05 to figure out the profit earned.
A $50 winning bet on +105 odds, for instance, yields $52.50 in profit ($50 x 1.05).
How To Calculate Negative Moneyline Odds
The “-“ odds set on Kansas City in this example denote the amount of a wager needed to win $100 profit. A $121 bet on Chiefs, for example, would net $100 profit, with the sportsbook returning a total of $221 to the bettor if the Chiefs won ($100 profit plus the original $121 bet).
To calculate “-“ odds for any bet size, divide 100 by the moneyline number. For the bet on Kansas City listed above, dividing 100 by 121 yields 0.826 (rounded off).
Multiplying any bet size by 0.826 gives you the total profit made in the Chiefs won. A $100 bet yields $82.60 in profit, for example.
The point spread on Super Bowl LIV from BetMGM looked like this:
|Team||Points Spread and Odds|
|San Francisco 49ers||+1.5 (-112)|
|Kansas City Chiefs||-1.5 (-106)|
Using this line, bettors can take the 49ers with 1.5 points added to their final score, or the Chiefs with 1.5 points subtracted from their final score. The odds next to the point spread are calculated using the moneyline/American odds method detailed above.
The final score of Super Bowl LIV ended with Kansas City winning the game 31-20. That result made the Chiefs the winner on the point spread.
With the -1.5 spread applied to the final score, the Chiefs still won the bet by a 29.5-20 score. Had Kansas City won the game by one point, or lost the game, the 49ers would have been the point spread winner.
The point spread bet on the Chiefs paid out at -106 odds. Using the calculation method for “-“ moneyline odds, a $100 bet on the Chiefs resulted in $94.30 in profit.
Futures odds use the moneyline notation at most US sportsbooks. Here’s another look at futures odds on the 2021-2022 Super Bowl Champion for three of Colorado’s top online sportsbooks:
|Kansas City Chiefs||Tampa Bay Buccaneers||Buffalo Bills||Los Angeles Rams||San Francisco 49ers||Bonus Offers|
|DraftKings Sportsbook||+500||+550||+1100||+1200||+1400||20% Deposit Match up to $1,000|
|BetMGM||+475||+600||+1300||+1200||+1300||Risk-Free Bet up to $1,000|
|BetRivers||+475||+600||+1300||+1300||+1300||100% Deposit Match up to $500|
Suppose you placed a $100 bet on the Baltimore Ravens to win Super Bowl LVI using the +650 line offered at these three online sportsbooks. If the Ravens win the Super Bowl, that bet yields $650 in profit.
Futures odds can change dramatically throughout the season. The odds displayed above represent preseason odds as of August 2020.
If the Tampa Bay Buccaneers lost their first four games, for example, the line on the Bucs winning the Super Bowl would drop to much longer odds to reflect the 0-4 start. Such a start to the season could change the odds on Tampa Bay to something like +10000.
How To Place Online Super Bowl Bets In Colorado
Online sportsbooks allow betting for players 21 and over from anywhere in Colorado. Most of the state’s mobile sports betting platforms offer wagering on desktop-based clients, as well as on downloadable apps for iOS and Android devices.
Registering For An Online Sportsbook Account
The first step toward placing a Super Bowl LVI bet online is to register an account at one or more of Colorado’s legal online sportsbooks.
At DraftKings Sportsbook, for example, new players can begin the registration process by visiting the DraftKings Sportsbooks website.
Once there, you can register for a new account by choosing a username and password, and providing a valid email address. To deposit money and start betting, DraftKings requires a few additional details to verify age and identification.
Depositing At A Legal Online Sportsbook
Once DraftKings Sportsbooks verifies your details, the next step involves making a deposit. DraftKings Sportsbook offers several ways to do this, including ACH/eCheck, credit/debit cards, PayPal, DraftKings Play+ Prepaid card, and wire transfer.
You can also deposit in person at the casino cage of the property that licenses an online sportsbook. For DraftKings Sportsbook, a trip to Golden Mardi Gras Casino allows you to register for a DraftKings Sportsbook account, as well as deposit funds.
Cashing Out From An Online Sportsbook
Withdrawal methods at DraftKings Sportsbook include ACH/eCheck, PayPal, check by mail, and casino cage pickup at Golden Mardi Gras Casino.
Most of Colorado’s other legal online sportsbooks offer many of the same deposit and withdrawal methods seen at DraftKings Sportsbook.
Betting Odds For The Super Bowl FAQ
Yes, as long as you’re betting at a legal online or retail sportsbook. Colorado bettors can wager at state-regulated online sportsbooks from anywhere in Colorado. Several casinos located in Black Hawk and Cripple Creek offer on-property sports betting.
Any Super Bowl bets made outside of legal sportsbooks qualify as illegal. This includes office pools, offshore betting sites, and independent bookmakers.
21 or over. The minimum age for sports betting (both live and online), or any other form of casino gambling is 21.
Online sportsbooks require proof of age and identity to deposit funds and make bets.
Top online sportsbooks in Colorado include DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, and BetRivers. All of these platforms can be accessed from anywhere within state borders, as all use geolocation technology to determine a bettor’s location.
Yes, if you make the bet at a state-regulated, legal online sportsbook. All legal online sportsbooks in the state are regulated by the Colorado Division of Gaming, which oversees the state’s entire legal casino industry. As such, betting at a legal online sportsbook is just as safe as betting at a live sportsbook inside a legal Colorado casino.
Yes. Many of Colorado’s online sportsbooks offer in-game betting on all NFL games, including the Super Bowl. DraftKings Sportsbook, BetMGM, FanDuel Sportsbook are examples of Colorado online sportsbooks that offer in-game Super Bowl betting.
Yes. Events like the Super Bowl coin toss, length of the National Anthem, and even the color of liquid poured over the winning head coach usually find their way onto Super Bowl betting menus.
Bets like these fall under the category of exotic prop bets, which largely rely on luck instead of bettor skill. Various sportsbooks operate with different rules toward offering these kinds of bets.
The Los Angeles Rams are favored by 4 or 4.5 points over the Cincinnati Bengals, depending on which sportsbook you choose. The over/under is set at 48.5 points.
Super Bowl LVI is set to take place on Feb. 13. The game will be played at SoFi Stadium in Los Angeles, California.