Caesars Sportsbook Colorado Promo Code & Sportsbook Review 2022

Up To $1,250
First Bet on Caesars - T&C Apply
Bonuses and Promotions
Odds VS. The Competition
Market Depth & Variety
Deposit & Cash Out
Mobile App

Use our exclusive code SHARPBETFULL to get your first bet on Caesars up to $1,250.

The new user bonus also comes with 1000 Tier Credits and 1000 Reward Credits® for the Caesars Rewards program!

Caesars Sportsbook is a gorgeous app that performs smoothly, offers diverse betting markets, and boasts competitive odds.

App users can participate in Caesars Rewards, a six-tier rewards program that allows users to collect rewards points during gameplay. Bettors can exchange rewards points for on-site benefits at 50 Caesars locations and benefits with Caesars’ partners. Based on Caesars Sportsbook’s recent New York launch, Caesars has no plans of slowing its growth.

Here’s everything bettors need to know about Caesars Colorado Sportsbook.

Fantastic Rewards Program
Convenient Banking Options
Slick 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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Caesars Colorado Promo Code October 2022

Use our exclusive Caesars Colorado promo code SHARPBETFULL to get your first bet on Caesars up to $1,250. If you lose your first bet, you’ll get a free bet credit worth a maximum of $1,250. Caesars is also offering new users 1000 Tier Credits + 1000 Reward Credits®, win or lose! Terms and conditions apply. 

Caesars Promo CodeSHARPBETFULL
First Bet is on CaesarsUp To $1,250
Rewards Program Bonus1000 Tier Credits + 1000 Reward Credits®
Caesars Sportsbook StatesAZ, CO, IN, IA, IL, KS, LA, MI, NJ, NY, PA, TN, VA & WV
Last VerifiedOctober 2022

The $1,250 risk-free bet is one of the largest bonuses offered for that category of promotions.

New bettors can use our promo code SHARPBETFULL to redeem this large welcome bonus.  

Beyond the $1,250 first bet bonus and 1000 Tier Credits + 1000 Reward Credits®, Caesars has one of the best rewards programs in the industry. Each wager rewards credits, no matter whether bettors win or lose. Bettors can spend those rewards points on bonuses like free stays at Caesars hotels and free bets on the mobile app. 

Caesars Sportsbook has one of the best welcome bonuses and rewards programs in the Colorado market. Bettors should strongly consider signing up for a Caesars Sportsbook account.

Ongoing Promotions at Caesars

The bonuses don’t stop after your foot is in the proverbial door. Caesars does a good job of offering ongoing promotions to existing users. You can always find boosted odds at the top of the home screen on the app.

On Sept. 12, there were 30 boosted odds markets available. Here are some examples:

  • Russell Wilson over 299.5 passing yards and 2.5 passing TDs: +500
  • Javonte Williams over 99.5 rushing yards and a TD: +800
  • Cleveland Guardians, Boston Red Sox, and Baltimore Orioles all win: +590
  • Harry Kane first goalscorer vs Sporting Lisbon (UEFA): +350

Caesars Sportsbook has grown into a national sports betting brand. So, it’s no surprise that it offers competitive odds. Since no sportsbook has the best odds every time, the best they can do is offer strong odds compared to competitors. Here’s why Caesars Sportsbook should be on every sports bettor’s shortlist for apps to sign up for.

Caesars Sportsbook Best Point Spreads and Over/Under Odds

Point spreads are bets on a team’s margin of victory. Over/unders are wagers on whether both teams will above or below a certain number of points. That way, bettors can bet on teams that may not have a good chance of winning outright. 

The standard odds on these bets are -110 on both sides. Sometimes bettors will find standard odds. But many times, the odds and spreads will deviate wildly from standard odds. That’s why odds shopping is as important for point spreads as other bets. 

Bettors who bet the over or the underdog want higher spreads. +2.5 would be better for those bettors than +1.5. Bettors who bet the under or the favorite want smaller spreads. -2.5 is better for those bettors than -1.5. Bettors must take the spreads and odds into account when they’re betting. Here’s how to do that analysis: 

 Caesars SportsbookBetMGM
New York Liberty+4 -110+3.5 -105
Los Angeles Sparks-4 -110-3.5 -115

On this line, Caesars Sportsbook has a slightly better spread. An extra half-point would improve it, but the wagers are equivalent. So, the odds are the tie-breaker. Caesars Sportsbook has better odds on the Sparks, and BetMGM has better odds on the New York Liberty. So, bettors would bet at different books for different teams.

Best Caesars Sportsbook Moneyline Odds

Moneylines are bets on which team will win. It doesn’t matter how many points the winner wins their game by. So, all odds shoppers have to do is find the best odds on the team they want to bet on. 

Moneylines are especially popular ways to bet on baseball, so sportsbooks are always stocked on baseball moneylines:

 Caesars SportsbookPointsBet
Chicago White Sox+118+115
San Francisco Giants-140-136

On this set of baseball odds, Caesars Sportsbook has better odds on the White Sox, and PointsBet has better odds on the Giants. The small differences in odds can lead to lower losses, or even profit, in the long run. 

Find The Best Caesars Sportsbook Futures Odds

Futures bets are bets on major events at a season’s end. They’re events like championship winners, award winners, and even division winners. 

One way to measure a sportsbook’s competitiveness overall is by finding its futures’ theoretical holds. Theoretical hold is the profit sportsbooks expect to make from a group of wagers. High theoretical holds lower odds overall while low theoretical holds boost odds overall.

But theoretical hold isn’t the full picture. A book with a high theoretical hold can still offer the best odds on the line that bettors want to lay money on. Here’s an example:

 Caesars SportsbookBetRivers
NFL Futures Theoretical Hold17.03%17.52%
Green Bay Packers+1100+1000

Caesars Sportsbook and BetRivers have about the same theoretical hold. So as a group, their NFL futures are similar. However, Caesars Sportsbook’s Packers odds are 100 points better than BetRivers. Those differences illustrate why odds shopping is so important for bettor success. 


Caesars has many sports markets to bet on. Caesars Sportsbook has many lines on the core professional sports: football, basketball, baseball, and hockey. Bettors can find sports like golf and tennis, but Caesars Sportsbook also offers lines on table tennis, darts, and rugby. Caesars Sportsbook offers leagues to bet on within each sport. Soccer is known across sportsbooks for the myriad of international leagues.

However, Caesars Sportsbook doesn’t offer the wide variety of sports that DraftKings does. There are niche sports like Gaelic hurling that bettors will find at DraftKings but not Caesars Sportsbook. It’s a minor shortcoming that’ll affect few bettors. However, it will reduce the live betting lines available at any given time. It’s a tradeoff that bettors will have to consider as they’re shopping for their primary sportsbook.


Caesars has several deposit methods that make funding its sportsbook accounts easy. Whether bettors want to deposit with their cards or sign up for Caesars’ VIP Preferred program, Caesars has deposit options available. The full list of deposit options includes:

  • Visa
  • MasterCard
  • Discover
  • VIP Preferred eCheck
  • Online Banking
  • Play+ Card
  • PayNearMe

Bettors have plenty of online deposit options available for their convenience. Online banking is the most convenient options for bettors whose banks allow direct deposits into sportsbooks. However, VIP Preferred eChecks are great backup options if bettors run into trouble with their banks or credit cards. 

Caesars’s cash-out options are less diverse. However, that’s true at all sportsbooks. Even the few withdrawal options are convenient:

  • VIP Preferred eCheck 
  • Online Banking
  • Play+ Card

Caesars Sportsbook has some good withdrawal options. However, Caesars Sportsbook would be better if it offered PayPal or Skrill as withdrawal or deposit options. Online wallets are convenient backup options for bettors whose cards or banks block deposits. That added versatility would be a massive benefit for Caesars Sportsbook users. But overall, Caesars Sportsbook does a good job of allowing bettors to move money in and out of their accounts.  


Caesars’s app has an elegant aesthetic that strikes a delicate balance between Caesars’ dark green and the bright white that highlights betting lines. Bettors can spend hours scrolling through Caesars’ lines without straining their eyes.

Navigating through Caesars’s app is easy, too. The home screen includes popular live bets and other featured sports betting lines. At the top of the screen, bettors can scroll through Caesars’s list of sports. The bet slip is in the middle of the bottom banner of the screen. Finally, Bettors can browse promotions one more tab over. But if bettors need support, they can find the support link in the top-right corner of the screen.

Overall, the Caesars mobile app is an excellent platform. It’s a smooth app that bettors can easily use, no matter how much betting experience they have. 


Caesars has a beautiful app that new bettors can easily navigate. Its many deposit and withdrawal options give bettors the flexibility they need to manage their money. Caesars Sportsbook offers the most popular sports and leagues among Coloradans, so few bettors will struggle to find interesting betting lines. Its odds are usually strong, so this app is a must-check for sports bettors. 


Is Caesars A Legitimate Company?

Yes. Caesars began as Eldorado Resorts in 1973 and quickly expanded into a multi-casino empire. Gradually, this company’s offerings grew to include online gambling apps and properties, and it only recently acquired William Hill.

Caesars Is Licensed By Colorado

All of Colorado’s licensed sportsbooks have this in common. A sports betting license signifies that a sportsbook has been studied by state regulators. Bettors can read Colorado’s licensing requirements to see how sportsbooks earn a license. But they can rest assured that licensed sportsbooks are, at a minimum, legitimate.

Why Bet At Caesars Instead Of An Illegal Sportsbook?

Legal sportsbooks must include the responsible gaming logo and problem gambling hotline on their websites. Colorado law wants to ensure help is near for bettors whose habits are out of hand. Licensed sportsbooks can’t cure problem gamblers. However, they can build safeguards into place for bettors to take advantage of.

And they do.

But illegal sportsbooks don’t care to limit their addicted gamblers. Bettors who only see potential rewards and never their losses are illegal sportsbook fodder.

Why Bettors Can Trust Caesars With Their Bank Accounts

So, Caesars is better than its illegal counterparts. But is it trustworthy enough to send money to? Based on its past performance, it can keep bettors’ money safe. It’s as secure as any other online business.

First, Caesars’s online security is tested before launch. Three months before it goes live, licensed sportsbooks are audited by independent auditors. They test server security and other behind-the-scenes performance issues. Once the auditors finish their report, they give a copy to the sportsbook and include recommended adjustments if needed. If a sportsbook is licensed by the Colorado Division of Gaming, its online security has been tested to ensure it can manage sensitive data.

Caesars is as secure a website as one can be. Bettors shouldn’t worry about depositing money into a Caesars account.

How To Register For A Caesars Account

Caesars starts the signup process easily. Bettors hit the gold ‘register’ button in the middle of their screens. First, they’ll enter basic information, including their names, emails, and phone numbers. Then they’ll set up their account passwords, security questions, and the last four digits of their social security numbers. Finally, bettors will give Caesars their addresses.

But that’s where the easy part ends. Caesars then requires a government-issued ID with a picture and a utility bill. It’s the first Colorado sportsbook–including the international sportsbooks–that requires a utility bill upload for betting. Bettors should have the paperwork ready before completing what should be a quick and painless signup procedure.

Caesars Sportsbook Fact Sheet

Colorado Sports Betting Age21
States With Caesars SportsbookAZ, CO, IN, IA, IL, KS, LA, MI, NJ, NY, PA, TN, VA & WV
Caesars Sportsbook Colorado Partner Eldorado Resorts

Caesars Sportsbook FAQ

How Do Bettors Collect Their Caesars Winnings?

All bettors have to do is withdraw their winnings from Caesars. The withdraw option is near the deposit option, so it’ll be easy to move money in and out. However, bettors can’t withdraw site credits from any of Caesars’s bonuses. Site credits are not the same as cash. It may sound unfair to some bettors, but Caesars won’t let bettors abuse bonuses for free cash.

Do Bettors Have To Be In Colorado To Bet At Caesars?

Yes. It’s illegal for bettors outside Colorado to wager at Colorado sportsbooks. The Wire Act outlaws gambling information between states. It’s why every sportsbook must have different apps for each state. Caesars locates bettors before allowing them to wager. Bettors outside their state won’t be able to place bets. That way, Caesars ensures their users comply with the Wire Act.

Does Caesars Have In-Play Betting?

Yes. Some of the first lines on Caesars’s home page are live games. If bettors only want to see live bets, they can filter the other lines out. Live betting is an engaging way to capitalize on the best odds. They change throughout the game, and surprise underdogs can create big wins for bettors.

Who Is Caesars Partnered With In Colorado?

Caesars Colorado partnered with the Isle Casino and Lady Luck Casino in Black Hawk. These were Caesars’s first retail sports betting locations. It provided kiosks to both these casinos. The kiosks are Caesars’s bread and butter, so they’re worth checking out.

Can Bettors Register For A Caesars Account From Anywhere In Colorado?

Yes. Bettors can complete the first half of the registration process from anywhere. They just need an internet connection. However, they’ll need their utility bill ready to upload, and bettors may need to be near a printer at home for that part. iPhones can scan documents more conveniently than a fax machine. (It’s the camera button hidden in the notes app.) Although it can be done from anywhere in Colorado, it’s probably best done at home.

Where is Caesars Sportsbook legal?

Caesars Sportsbook is legal in AZ, CO, IN, IA, IL, KS, LA, MI, NJ, NY, PA, TN, VA & WV.

What Is The Best Way To Deposit At Caesars?

Bank transfers are the most convenient deposit options. However, some banks still block direct deposits to sportsbooks and other igaming companies. So, VIP Preferred eChecks may be more reliable for more bettors.

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.