FanDuel Colorado Promo Code & Sportsbook Review 2022

Up To $1,000
No Sweat First Bet - T&C's Apply
4.6
Overall
Bonuses and Promotions
4.0
Odds VS. The Competition
5.0
Market Depth & Variety
5.0
Deposit & Cash Out
5.0
Mobile App
4.0

Click here to claim a $1,000 no sweat first bet on FanDuel Colorado.

FanDuel Sportsbook is one of the top two online sports betting platforms in the industry because of its reliability, clean interface, and app speed. Bettors of all experience levels will enjoy wagering with FanDuel. Fantasy sports fans can also share funds between the FanDuel Sportsbook app as well as FanDuel DFS app.

FanDuel’s push into New York in 2022 is a major move for the brand, too. It shows that it can continue to thrive in large competitive markets and serve the Colorado market sustainably. Bettors can redeem FanDuel’s welcome bonus with Colorado Sharp’s FanDuel Sportsbook promo by simply using our exclusive link.

No Sweat First Bet
Banking Options
Great 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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FanDuel Sportsbook Promo Code Colorado Offer October 2022

FanDuel Sportsbook offers new users a no sweat first bet worth up to $1,000. This allows you to bet up to $1,000 and receive a $1,000 credit if you lose. However, this bonus is rewarded in site credits that can only be used for future wagers. In order for your no sweat first bet to be able to be withdrawn, you have to wager the site credit and win subsequent bets.    

FanDuel
Sportsbook Promo Code CO
Click to Claim
No Sweat First Bet
Up To $1,000
FanDuel Sportsbook States
AZ, CO, CT, IL, IN, IA, KS, LA, MI, NJ, NY, PA, TN, VA, WV & WY
Last Verified
October 2022

 

4.0
Promos

The FanDuel Sportsbook welcome bonus gives new users a nice “safety net” in the event their first wager goes awry. If the first real-money wager you place results in a loss, FanDuel will match your bet in site credit up to $1,000.

Ongoing FanDuek Sportsbook Promotions

While the new user promo offered by FanDuel is a vanilla industry standard, FanDuel does a notably better job offering ongoing promos for existing customers compared to rival sportsbook DraftKings.

Users can regularly expect to see ongoing bonuses and promotions each time they log in to the FanDuel Sportsbook app. This could be things such as parlay insurance, special wagers, or boosted lines.

Here are some examples that were available on Sept. 22:

  • Thursday Night No Sweat Same Game Parlay
    • Place a same game parlay with at least 3 legs and receive free bets if your wager loses.
  • NFL Same Game Parlay Bet and Get
    • Place a 4+ leg same game parlay bet on any NFL Sunday game and get a free bet bonus equal to your wager, win or lose.
  • College Football Same Game Parlay Bet and Get
    • Similar to the NFL bet and get, but if you place a $20 4+ leg parlay on CFB, you’ll receive a $10 free bet.
5.0
Odds

Does FanDuel Colorado Deal Competitive Odds?

FanDuel is among the most popular sports betting apps in the US, due in part, to its tendency to offer consistently competitive odds on a variety of sports. You’ll never find the best odds on every game at a single sportsbook, and it’s important to compare odds across the industry before making a wager.

How Do Spreads & Totals Work?

Point spreads attempt to level the playing field between two opponents. Points are added to the underdog’s score, and points are subtracted from the favorite’s score. At the time of this writing, the Denver Broncos are 1.5-point favorites against the San Francisco 49ers in Week 3 of the 2022 NFL season. The Broncos must win by at least two points to cover the spread. The 49ers only have a point to spare or win outright in order for San Fran bettors to win their wager.

Totals are also known as “over-under” bets. That’s because you’re betting over or under the posted total, which is the combined number of points scored by both teams. The Broncos-49ers game has a total of 43.5. Over bettors need at least 44 points scored to win their bet. Under bettors can have no more than 43 points scored to cash their tickets.

Does FanDuel Offer Good Moneyline Odds?

FanDuel offers good moneyline odds, but again, it’s always important to shop around the market for the best available odds. Here are moneyline odds on the Sept. 19 MLB game between the Colorado Rockies and San Francisco Giants.

TeamFanDuelDraftKingsBetMGM
Giants-124-130-130
Rockies+106+110+105

FanDuel offered the best odds on the Giants at -124 (bet $124, win $100 on the favorite). DraftKings had the best odds on the Rockies at +110 (bet $100, win $110 on the underdog). Sportsbooks charge a commission to handle bets, which is known as the vig. FanDuel’s vig was 3.90% on this bet. DraftKings checked in at 4.14%, and BetMGM had the highest vig at 5.30%.

Finding the Best Futures Odds

Futures odds can fluctuate much more than spreads and totals. You’ll find futures odds available for big events such as the World Series and Super Bowl.

Here are the Super Bowl 57 futures odds on the Broncos as of Sept. 19:

TeamFanDuelDraftKingsBetMGM
Broncos+2200+2500+2200

DraftKings was dealing the most competitive odds on the Broncos as of this writing. A $100 bet will return $2,500 if the Broncos win Super Bowl 57. The same wager at FanDuel and BetMGM would pay out $2,200. Heading into the season, the Broncos’ Super Bowl Odds were around +1600, depending on where you were shopping. After losing to the Seahawks Week 1 and struggling against the Houston Texans in Week 2, however, their odds have lengthened. Futures odds will fluctuate throughout the season as teams jockey for position.

Updated 9/19/2022

5.0
Depth

FanDuel got creative when sportsbooks were short on sports to offer betting lines on, but it’s back to business as usual, with all US pro sports leagues and events back in the mix. You will find as wide an array of bets to place on FanDuel as you can hope to find, with a deep bench of options.

Colorado’s Gaming Commission also has an Excel file of approved sports and wagers. It lists the types of sporting events and wagers that sportsbooks can offer, which limits variety. It includes predictable national and international sports leagues, as well as some of these lesser-known options.

FanDuel Teaser Bets In Colorado

However, not every sportsbook will offer the same type of wagers. FanDuel offers teaser bets as a possible bet, while others don’t. Teaser bets combine two different bets into one. However, FanDuel limits the combinations by sport and by wager type.

FanDuel’s teasers are only allowed on football and basketball, and bets on point spreads and total match points. If bettors are particularly enthusiastic about football, basketball, point spreads, and match totals, then FanDuel’s teasers are just for them.

5.0
Cashout

As one of the largest sportsbook companies in the country, FanDuel’s perfect score here shouldn’t surprise anyone. Sportsbooks don’t become big unless it’s easy to put money in and take money out. After I created a FanDuel account, I was given the following options to deposit money into my account:

  • Debit/credit card (Visa and Mastercard)
  • Online banking
  • PayPal
  • FanDuel Prepaid Play+ card
  • PayNearMe
  • Cash at casino cage

All these online options make depositing funds easy.

However, bettors really want to know whether they can easily withdraw their winnings. Here are the options I got when I asked to select a withdrawal method:

  • PayPal
  • FanDuel Prepaid Play+ card
  • Check by mail
  • ACH eCheck
  • Cash at cage

All five of these options offer secure ways to receive winnings. PayPal and online banking are the most secure and reliable options. However, old-fashioned bettors who feel secure in a paper trail can request a mail-order check.

No matter how bettors deposit or withdraw funds, they have convenient online options at their fingertips.

5
App

The FanDuel Sportsbook app is one of the top sports betting apps across the industry. The app is easy to look at, quick to respond, and simple to navigate.

You don’t have to take our word for it, either. On both the App Store and Google Play Store, the FanDuel Sportsbook app boasts a near-perfect rating, with a 4.8 and 4.7 score, respectively. Even more impressive, the blue and white app has over 500,000 App Store ratings and 75,000 Google Play ratings.

You simply can’t go wrong with the FanDuel Sportsbook app.

4.6
Overall

FanDuel Sportsbook is a great app for laid-back bettors. It’s meant to be a fun sportsbook to spice up bettors’ favorite sports. It has a welcome bonus that encourages a large bet upfront, but bettors may not feel comfortable wagering $1,000 all at once. However, when FanDuel’s odds differ from other sportsbooks, the odds tend to be a little higher.

But for all the nitpicking, FanDuel is a safe, reliable option for anyone interested in sports betting in Colorado. FanDuel is safer than bookies and offshore betting sites, and it goes to great lengths to protect its customers’ money and personal information.

Is FanDuel Colorado Sportsbook Legit?

Sportsbooks may or may not have a good reputation among new sports bettors, and they may have a serious question: What makes FanDuel legitimate? Here are five things that elevate FanDuel above illegitimate, illegal, or offshore sportsbooks.

FanDuel Sportsbook Is Licensed With The State Of Colorado

FanDuel is one of a few sportsbooks with a sportsbook operator’s license in Colorado. That means FanDuel has been vetted by state officials who’ve determined that FanDuel can operate legitimately and in the best interests of its patrons. The review process screens out people who’ve been convicted of gambling felonies or who work in a government position in one of Colorado’s gambling cities. Career offenders, convicted criminals, and conflicts-of-interests are screened out.

FanDuel Sportsbook’s Expansion Depends On Legitimacy

FanDuel cannot expand across the US unless it runs a business that adheres to the highest ethical standards. As more states legalize sports betting, they’ll monitor sports betting in neighboring states. If FanDuel wants to continue expanding into new markets, it cannot endanger its future state license requirements. It must maintain a sterling reputation for the sake of its business. A criminal or civil violation in one state could be a deal-breaking condition on the next state licensing application.

Bettors Have Government Recourse

Licensed sportsbooks are also held accountable by the State of Colorado. In fact, FanDuel paid out a massive bet based on a mistake before. A miscalculation in odds making at the end of a Raiders-Broncos game resulted in a New Jersey bettor winning $82,000 from a $110 bet. FanDuel had to pay after “consulting” with state authorities about whether to pay out from what they thought was a clear miscalculation. We can’t promise 750-to-1 payouts (neither can FanDuel) but bettors can rely on state support in a payment dispute.

FanDuel Sportsbook’s Robust Customer Support

FanDuel offers 24/7 live chat, email, and phone support. Bettors connect to real people who will help with issues that cannot be resolved in the extensive FAQ pages. This is a positive signal among many that FanDuel Colorado is interested in happy and satisfied customers.

Why Choose FanDuel Sportsbook Over A Bookie Or Offshore Website?

So, FanDuel is the golden standard of a legitimate sportsbook. But why choose FanDuel over a bookie or offshore website? Are they really that bad? At their worst, yes. At their best, they’re iffy.

Independent bookies are individuals who took sports bets and distributed winnings before sports betting legalization. The bookies were often inconsequential. The larger concern came from the organized groups for whom the bookies worked. The bookies knew the odds came from on high, but they didn’t know exactly from whom. But it was the people ‘on high’ who, in at least several hundred cases around the world, fixed sports games to maximize their profits. The fear of those syndicates expanding has been one of the driving forces behind sports betting legalization.

However, there are independent bookies who are bookies as a side-gig. They probably don’t have the manpower to bring violence against bettors who have a bet go awry. But if those bookies are short on cash, they won’t pay out winnings. That leaves bettors short on cash, denied of winnings, and without legal recourse. That’s not a good outcome.

Offshore websites, on the other hand, come in all shapes and sizes. Some are mafia-run, and others are ostensibly legitimate. However, even the nicest offshore website has one glaring flaw. It is outside of United States jurisdiction. No matter how nice bettors think that site is, it is accountable to no one. (No one who can get your lost money back, anyway.)

In contrast, FanDuel is not only required to pay bettors. It’s also required to meet digital security requirements to protect bettors’ money and personal information. Offshore sportsbooks don’t have to go to the trouble–and expense–of securing their apps and websites. FanDuel is a far safer option in Colorado than any offshore sportsbook for that reason alone.

How Bettors Can Trust FanDuel With Their Money

We’ve mentioned the security requirements that Colorado sportsbooks have to meet to become licensed. But what does FanDuel have in place to protect bettors’ money? Its stand-out security feature is its proactive approach to digital security.

Nothing is unhackable. Tech-savvy consumers know it, and FanDuel admits it in its security section, too. Companies like FanDuel employ hackers to discover vulnerabilities that unscrupulous hackers could take advantage of. That way, FanDuel can secure their website before customers’ security is compromised. In return, hackers are paid for finding vulnerabilities in their clients’ websites.

If Colorado’s license requirements, commitment to bettor payouts, and proactive approach to digital security aren’t enough, then skeptics may never be satisfied. FanDuel is as legitimate a sportsbook as can be found in the US.

FanDuel Sportsbook Colorado Fact Table

Minimum Colorado Sports Betting Age21
States Where FanDuel Sportsbook Is LegalAZ, CO, CT, IL, IN, IA, KS, LA, MI, NJ, NY, PA, TN, VA, WV & WY
FanDuel's Colorado PartnerGolden Gates Casino, Black Hawk

FanDuel Colorado Sportsbook FAQ

Can Bettors Wager On eSports At FanDuel Colorado?

Yes. It’s one of the approved sports in Colorado, and FanDuel has offered eSports lines in the past. However, not every state is so open-minded about eSports. For example, Indiana doesn’t allow eSports betting because it doesn’t recognize esports as a sport.

Thankfully, Colorado allows eSports, so League of Legends and Call of Duty fans can watch for professional matches.

Can Bettors Sign Up From Anywhere In Colorado?

Yes. Bettors can create the account from anywhere, but they cannot place bets outside of Colorado. FanDuel has a geofence around each state its sportsbook operates in to make sure that they only operate in legal states.

What Is The Best Way To Deposit Funds In FanDuel?

Bank transfer. Bettors already have a bank account, and it’s digital. It’s the most direct way for bettors to transfer funds to FanDuel. PayPal isn’t a bad option if bettors already have the account. However, a check in the mail feels a little laughable in modern times. A direct bank transfer is the way to go.

Can Bettors Withdraw Their FanDuel Deposits?

Yes, but they need to call customer service. Money deposited into FanDuel is meant to be used for betting. It’s a pool of money for bettors to pull from to place bets. Bettors will have to contact customer service if they change their mind about having too much money in their FanDuel account.

How Do Bettors Withdraw Winnings on FanDuel Sportsbook?

The easiest and most convenient way to withdraw money from FanDuel is via bank transfer or PayPal. Winnings can go directly to your account. Simply click the “Account” tab on the bottom of the app and then follow the directions from the “Withdraw Funds” button.

Does FanDuel Offer Live In-Play Betting?

Yes. It has a full section of live games to bet on. It’s an exciting, dynamic way for bettors to hedge their bets until they’re sure how the game is going to go. But once bettors put money down, that bet is cast. They’ll have to wait to see how their bet plays out.

What states can you bet FanDuel in?

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

What is the FanDuel Colorado Sportsbook promo code?

New FanDuel Colorado users can claim a $1,000 No Sweat First Bet by simply using our exclusive promo link. No promo code required!

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.