BetWildwood Colorado Promo Code & Sportsbook Review 2021

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BetWildwood has Shut Down
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Bonuses and Promotions
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Odds VS. The Competition
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Market Depth & Variety
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Deposit & Cash Out
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Mobile App
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Bottom Line

BetWildwood stopped taking bets on June 14, 2022. Its app was deactivated on June 30, 2022. It’s redoing its sportsbook app to hopefully offer a more competitive product than BetWildwood was.

In the meantime, bettors can try Colorado’s other sportsbooks.

Risk-Free Bet
Banking Options
Sports Variety

**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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BetWildwood Colorado Sportsbook Promo Code 2021

BetWildwood Colorado no longer offers a welcome bonus, because the app has been deactivated.

BetWildwood Colorado Promo Code $50 Free Bet
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Promos

BetWildwood has shut its app down as Wildwood Casino works to create a new revamped sports betting app. So, bettors have to look elsewhere for competitive welcome bonuses. 

When it was live, Bet Wildwood offered a $50 risk-free bet. It was small compared to the other welcome bonuses on the market. If the next iteration of this app wants a competitive bonus, it should consider a deposit bonus worth $500 to $1,000, like the bonuses at DraftKings or FanDuel.

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Odds

BetWildwood has shut down, so it’s no longer offering odds. When the app was live, its odds were generally uncompetitive against the larger brands that launched in Colorado. As Wildwood Casino develops its new sportsbook app, hopefully it will bear the lessons it learned from its initial launch in mind.

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Depth

BetWildwood isn’t live anymore. It has been shut down as Wildwood Casino develops a new app.

BetWildwood opened with a wide variety of sports. It has seventeen sports, each of which has live in-game betting available. Popular sports, like soccer and basketball, already have moneylines and spread bets. It’s a great start that most new sportsbooks don’t launch with.

However, just because a sport is listed, doesn’t mean it has betting lines available. Formula 1 racing is listed under “all sports,” but it doesn’t have any events listed. Some of these less popular sports don’t have the betting lines that staple sports like soccer do. Bettors will have to watch Bet Wildwood’s sports and line selection as popular sports leagues begin to return.

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Cashout

BetWildwood is no longer live, so bettors can’t move money in or out of their accounts. They’ll have to go to other sportsbooks to bet on sports.

The deposit options are common, straightforward options:

  • ACH
  • Play+
  • Skrill
  • Paysafe Card
  • Paysafe Cash

Credit Card deposits are on the way, but in the meantime, bettors have easy and convenient deposit options. Withdrawal options were similar to the deposit options.

 

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App

BetWildwood is no longer live. When it was, there were parts of the app were not functional, beginning with the registration process. BetWildwood asked the same questions as the rest of Colorado’s sportsbooks. However, inputting bettor information was difficult. Identity verification was glitchy too.

Hopefully, the new app under development will address the issues that set BetWildwood up for failure from the start.

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Overall

BetWildwood had most of the sportsbook basics in place, but it was not ready for prime time. The app’s odds were built for sportsbook profit, not for competitive odds. The app also had serious functional issues. BetWildwood poured a lot into its app’s security and its company’s anti-money laundering commitments. However, those areas seem to have come at the cost of the app’s functionality.

The next app has a lot of room to improve. Hopefully, it will.

Is BetWildwood Colorado A Legitimate Business?

Yes. Their rollout was rough, but the business behind it is safe and legitimate. Here are five reasons bettors can trust that BetWildwood is a real business instead of a crime syndicate.

BetWildwood Is Licensed By the State of Colorado

Colorado has a thorough licensing process that examines each aspect of a sportsbook’s business. Regulatory authorities ensure that legitimate companies are awarded licenses, giving bettors safe alternatives to illegal bookies.

Colorado Knows BetWildwood’s Business History

BetWildwood and Wildwood Casino aren’t mysterious organizations. They’re required to submit background information to Colorado during the licensing process, including:

  • Delinquent payments.
  • Past legal complaints or violations.
  • Any involvement in a past lawsuit.

The licensing board learns enough about each applicant to make an informed decision about whether they can operate responsibly. It’s a great way to filter bad actors out of the process and give bettors legitimate sports betting options.

Hiding Information Can Prevent Licenses From Being Awarded

Even if information is considered “confidential,” sportsbooks are still required to turn that information over to state investigators for a chance at a sports betting license. Sportsbooks can choose to withhold information, but the Director may not approve a license for them if they do. The licensing process draws out any sensitive information that may impact the Division of Gaming’s ability to provide safe sports betting for Coloradans.

Betting Activities Are Controlled And Limited

There’s a list of approved sports and bets that sportsbooks can offer. There’s also a list of terms in the Colorado Division of Gaming’s first rule that standardizes betting terms across the sports betting industry. This prevents sportsbooks from changing definitions to con bettors. It puts every licensed sportsbook on the same page.

BetWildwood’s System Assessment

During the licensing process, BetWildwood must undergo a systems assessment that ensures:

  • Proper sportsbook function and security.
  • Corrective steps are taken before opening.

BetWildwood won’t unfairly eat bettors’ money. Its system works according to clear and consistent rules that pay winners fairly and consistently.

Why Wager With BetWildwood Instead Of A Waffle House Bookie?

Sportsbooks haven’t had government oversight in Colorado until May 1, 2020 when sports betting went live in the Rocky Mountain State. However, illegal sports betting is still out there, and bettors need to be aware of it. Illegal sports betting operations have different structures, but they all carry similar dangers.

The most immediate danger to most bettors is not getting paid.

Required Cash Reserves

Cash can get tight when an underdog with long odds comes through. Licensed sportsbooks are required to keep a cash reserve on hand to make sure they can pay large bets out. In fact, the Colorado Division of Gaming’s sixth rule dictates the formula sportsbooks must use to calculate how much cash to keep on hand.

However, a local bookie may not be prepared to pay for an underdog win. Any miscalculation on a bookie’s part could leave him with empty pockets. If a bettor gives their money to a broke bookie, the bettor is out of luck. You may trust your local bookie to pay you back later, but you can’t sue the bookie if he doesn’t come through for you. It’s a gamble that bettors don’t have to worry about with licensed sportsbooks.

Separate Financial Accounts

Licensed sportsbooks must also keep bettor money and business money separate. That means when a bettor deposits $100 into their sportsbook account, that money remains untouched until the bettor uses it. DraftKings can’t use the $100 in a bettor’s account to give an hourly intern a tiny raise. Sportsbooks must keep its operational money separate from bettors’ money.

In contrast, Waffle House bookies don’t have to keep bettor money separate from their personal funds. If bookies are cash-tight and behind on their utility bills, they can use your bet to pay the light bill instead of saving it to pay winnings out. That’s fine if everyone loses, but if an underdog comes through, your bookie is going to be deep in debt to some angry bettors. And you’ll have no legal recourse, because you wagered with an illegal sportsbook.

Double bummer, right?

How Secure Is BetWildwood?

Although its app has functional problems, BetWildwood has a robust system that’s been analyzed and tested since before it went to market. Within 90 days of going live, BetWildwood had to submit to a security assessment. An independent auditor examined Bet Wildwood’s security systems and submitted findings to the sportsbook and Division of Gaming. If there’s anything the independent auditor found objectionable, then the auditor would’ve submitted corrective actions, too.

The Division of Gaming won’t award a gaming license to a sportsbook that mishandles sensitive information. Bet Wildwood’s gaming license is a stamp of approval from Colorado’s Division of Gaming.

Colorado also requires sportsbooks to have guidelines for different business situations, including:

  • Paying winning wagers if the sports betting goes down.
  • Denying service to bettors who put themselves on the self-exclusion list.
  • Implementing sports betting server security.

The full list of requirements is much longer. However, there are safeguards in place that ensure every licensed sportsbook is prepared for the same contingencies. Bettors can rest assured that Bet Wildwood will keep their data secure and that they have contingencies in place to operate a safe and fair business.

BetWildwood Fact Sheet

Legal Betting Age 21
BetWildwood States of OperationN/A
BetWildwood Colorado PartnerISI Race & Sports

BetWildwood FAQ

Is It Legal To Bet On Sports Online At BetWildwood?

While sports betting is legal, Bet Wildwood is no longer live. In the rest of the state, gambling at online casinos is still illegal. Sports betting is the exception to the internet sports betting ban. Sports betting apps are fine, but Coloradans won’t find online casinos on the app store any time soon.

Can I Sign Up For BetWildwood From Anywhere In Colorado?

Bet Wildwood has shut down.

But at other sportsbooks, bettors can sign up from inside or outside Colorado. (If you’re among the eight or nine out of ten bettors who can register.) However, bets won’t go through if bettors try to bet from outside Colorado. The location tracking is strict, because the Wire Act prevents wagers from crossing state lines. No sportsbook wants to run afoul federal law. If you don’t believe me, you can try crossing the Kansas border and placing a bet. The app will track your location and it won’t let you place a bet.

How Do I Get Paid From BetWildwood?

Since June 30, 2022, bettors have not been able to withdraw funds from their sportsbook accounts.

Who Is BetWildwood’s Colorado Partner?

ISI Race & Sports. Wildwood Casino owns the Master Sports Betting License to operate an in-house sportsbook. However, ISI Race & Sports built and marketed the Bet Wildwood app. Outsourcing parts of the sportsbook operation is common among casinos trying to score valuable sports betting real estate. But now you know who’s behind the app’s hardware, software, and marketing.

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.