The child of a partnership between The Stars Group and Fox Sports, Fox Bet is the sixth legal sportsbook in Colorado. With the ever-growing number of sportsbooks, Colorado bettors may feel overwhelmed with choices. However, after signing up for Fox Bet myself, I can give bettors some insight into how Fox Bet stacks up against the competition.
What Kind Of Colorado Sports Bettor Should Try Fox Bet?
Fox Bet is a good sportsbook for casual bettors. Bettors can place bets as low as they want and enjoy moderately good odds (more on that in a minute). However, more competitive bettors can take advantage of Fox Bet’s wide range of boosts. They’re the first betting lines that pop up on Fox Bet’s app, and they set this sportsbook apart from the others.
The bet boosts are really parlay bets. They look like they’re just increased odds on the same outcome. For example, the Avs boost looks like it’s an increase from +750 to +900 odds. That sounds pretty good! But in addition to the +900 line on the Avs winning the NHL championship, bettors must also bet on Klidson de Abreu winning his UFC fight. That extra bet is how Fox Bet pays for the odds on an Avs win.
Fox Bet also has an online casino, but Coloradan bettors won’t have access to it. Online sports betting may have been legalized, but all other types of internet gambling is still illegal in Colorado.
Fox Bet: Bonus And Promotional Grade (5/5)
FoxBet Colorado Bonus Code
|None - Use our exclusive link to unlock $500 risk-free bet|
Risk Free Bet
|$500 Risk-Free Bet (Get $500 credit if your bet loses)|
|50% up to $500|
|CO, PA, NJ|
In Colorado’s rapidly growing list of sportsbooks, Fox Bet’s welcome bonus is the most competitive so far. Here’s what the current six Colorado sportsbooks offer their newcomers:
- Fox Bet’s $500 risk-free bet and $500 deposit bonus ($1 for every $2 deposited, up to $500)
- DraftKings’ $500 deposit bonus ($1 for every $5 deposited up to $500), and a $500 free bet
- FanDuel’s single risk-free bet of up to $500
- BetMGM’s single risk-free bet of up to $500
- BetRivers’ $250 match with its welcome code, 250MATCH
- BetMonarch has no welcome bonus (as of this writing)
Fox Bet edges out DraftKings’ deposit bonus. DraftKings only has a 20% match, but Fox Bet has a 50% match. That means bettors have to deposit less money to get the full $500 bonus from Fox Bet than DraftKings. That’s a great deal for bettors.
Bettors can find other tantalizing promotions at Fox Bet, too. I’ve alluded to its long list of bet boosts, but Fox Bet also runs contests that award free bets. Bettors can follow @FOXBet on twitter to answer trivia questions for a chance to win free bets. Free bet Friday offers a $100 free bet to the winner while their Colorado Classroom offers $25 free bets. Winners will get their free bets credited to their accounts.
But remember, these prizes are in site credits, not cash. You can’t withdraw free bets just because you’re a trivia and social media star.
Fox Bet: Odds Vs. The Competition Grade (4/5)
Fox Bet’s odds overall are middle-of-the-road. They only have the best odds on certain parts of the betting lines. Across the six sportsbooks, Fox Bet tends to have the best odds on the favorite to win. However, its odds on the underdog and draws are poor, as bettors can see from these lines on the German Bundesliga:
|Hertha BSC||1. FC Union Berlin||Draw|
Fox Bet is tied with FanDuel with the best odds on Hertha BSC, the favorite to win. However, it’s in a three-way tie for worst on the underdog, FC Union Berlin. It fares slightly better in the odds on a draw. BetMGM has the worst odds on that line. Five or ten points’ difference isn’t much, but the differences become significant when:
- The range between sportsbooks’ odds increases.
- The amount of money bettors wager increases.
If you’re only comfortable betting on the favorite to win, then Fox Bet is the sportsbook for you. However, if you’re looking to bet on longer odds for bigger rewards, bet elsewhere. Just about every sportsbook will have better odds on the underdog and a tied game.
Fox Bet: Market Depth And Variety Grade (5/5)
Eventually, I’m sure I’ll find a sportsbook that gets less than a five out of five rating here. However, Fox Bet has lines on every conceivable pandemic sport, including South Korean Baseball, German soccer, and the Modus Icons of Darts. Fox Bet also has futures on many major league games that we’re all hoping are safe enough to occur on schedule, from futures on the NBA Western Conference winner to the first 2021 NFL Draft pick.
The rest of the sportsbooks don’t differ very much. They all have a master list of sports and bets they’re allowed to offer. They also know which sports and betting lines are currently hot, so of course they’ll offer them. Most sportsbooks will rank similarly here.
Fox Bet: Deposit And Cashout Grade (4.5/5)
Surprise, surprise. A major Colorado sportsbook makes it super easy to deposit funds and cashout. Here are the deposit options bettors will find to fund their Fox Bet accounts:
- Bank Transfer
- PayNearMe (Cash at a local 7-Eleven–seriously)
- Instant Online Banking
These are all deposit standard options. (Even the 7-Eleven thing.) However, it’s a little unfortunate that Fox Bet only allows two types of credit cards to deposit funds. It’s nitpicky since bank transfers are available, but it compares unfavorably to DraftKings. DraftKings isn’t picky about which card bettors deposit funds with.
Cashout options are straightforward, but less diverse. Here are all three withdrawal options:
- Instant eChecks
Bettors can initiate bank transfers from Skrill and PayPal, but these services add an unnecessary middleman. Instant eChecks deposit funds directly into bettors’ accounts, and they’re close approximations of direct bank transfers. These few withdrawal options are vetted ways for Fox Bet to comply with identity verification and anti-money laundering regulations.
Overall, Fox Bet has good options for depositing and withdrawing funds, like any respectable sportsbook should.
Fox Bet: Mobile App Grade (4.5/5)
Lucky me. Right when I was doing my final edit of this review, Fox Bet’s Colorado app launched on the app store. It’s also available on Android devices. Here’s what bettors can expect from the Colorado Fox Bet app.
The Fox Bet app is easy to navigate. However, its home screen is cluttered. The betting lines are listed down the page in narrow boxes. Their moneyline bets include the names of the players and the odds, like bettors would expect. However, the lines also include the league and event time in the same box. Across the entire screen, but it clutters the page and makes it hard to watch the lines for very long.
However, applying filters cleans the page up immediately. Switching from the popular bets on the homepage to the Korean Baseball page made a huge difference. All the text boxes spread back out and were way easier on the eyes.
Placing a bet is different on Bet Fox than the other sportsbooks though. When bettors click on the odds they want to bet on, it’s added to the bet slip in the top right corner. But that doesn’t mean the bet’s placed. After bettors select all the lines they want to bet on, then they must go into the bet slip and wager on each line they selected. It’s great for deciding which lines are worth your time, but the extra step may grate on some bettors’ nerves.
Fox Bet also boasts its #custombets, which are largely unlikely bets that bettors can request by tweet. Fans can tweet #custombet and maybe have their bet featured on the custom bet section of the app. I haven’t seen a better social media strategy from any of the other sportsbooks. They’re another standout section of Fox Bet that social media-savvy bettors may enjoy.
Overall, the app is a little crowded, but it performs smoothly. Fox Bet’s odds boosts and custom bets add some interest to the many betting lines, too. It’ll be interesting to see how Colorado bettors respond to them.
Is Fox Bet A Legit Sportsbook In Colorado?
Licensed sportsbooks operate legitimately. That means they faithfully pay out winnings and keep bettors’ money safe. Here are a few reasons bettors can trust Fox Bet with their money.
Fox Bet Must Adhere To State Confidentiality Requirements
You know how Facebook sells your information to marketers for obscene amounts of money? Sportsbooks can’t do that. Selling bettor information is explicitly forbidden in Rule 8 of Colorado’s Division of Gaming’s sports betting rules. Any personal information that could identify you, like the last four digits of your social, must remain confidential among need-to-know third parties only.
However, Fox Bet can use your information to send you their own marketing materials. (They’ve got to get the word out somehow.)
Fox Bet Can Only Offer Betting Lines On Approved Sports
The Colorado sports catalog may seem limiting, but the approval process for new sports comes with built-in integrity controls. One of the considerations for new sports is whether the new sport can end in “outcome[s] that can be trusted.” Every sport with a betting line at Fox Bet must be a sport with internal controls that ensure each game is fair. Otherwise, what would be the point of betting on it?
Fox Bet Must Offer Resources For Problem Gamblers
While illegal sportsbooks can bleed vulnerable patrons with impunity, licensed sportsbooks must make some effort to provide resources for problem gamblers. The responsible gaming logo and National Gambling Hotline are required to be in a prominent place on the Fox Bet app. Also, if a bettor puts themselves on the self-exclusion list, then Fox Bet may not accept bets from them. (It’s one of the reasons sportsbooks ask for your social security number.)
Yes, individual bettors must make the choice to self-regulate. However, licensed sportsbooks won’t take bets from problem gamblers who make themselves known. Can you say the same about an offshore site?
Fox Bet’s Promotions Must Include Terms And Conditions
If bettors want to know how Fox Bet’s $500 deposit bonus works, the terms are easy to find. That clarity is also required by law. Whether it’s a bet boost with an odds threshold or a welcome bonus with strings attached, licensed sportsbooks must make those bonus terms crystal clear. This keeps bettors informed about the risks they’re taking and ensures sportsbooks can’t jerk their customers around.
Bettors Have Legal Recourse Against Fox Bet If Something’s Seriously Wrong
No one likes being sued. Especially high-profile companies who depend on consumer trust like sportsbooks do. Part of having a Colorado sportsbook license means remaining open to state complaints from consumers who feel they’ve been stiffed. That recourse builds in another layer of consumer protection that illegal sites lack.
Why Bet At Fox Bet Instead Of Your Favorite Offshore Betting Site?
Bettors may have wagered at a favorite offshore sportsbook before Prop DD passed. Maybe they had a bookie they liked who always paid on time and who wasn’t part of an international crime syndicate. But Fox Bet is a better choice than any offshore site. They’re required to keep enough cash to pay winners on hand and the taxes sportsbooks pay go to good causes.
Fox Bet’s Required Cash Reserves
Fox Bet is required by law to have sufficient cash reserves to pay winners. That doesn’t just mean the sportsbook makes enough revenue to eventually pay winners. They need to have cash on hand to pay winners in a reasonable time. (If the difference between income and cash is unclear, tell your bank you’ll have enough money for the mortgage next month.)
What happens if an offshore sportsbook runs out of cash? Or what if your favorite bookie is a little tight on funds after paying out Super Bowl winnings on an underdog he didn’t budget for? In both cases, bettors have no legal recourse.
The taxes that sportsbooks pay go to some good places. They’re largely split between problem gambling resources and Colorado water conservation projects.
The gambling addiction hotline and gambling addiction counselors do important work. Sports betting is supposed to be fun, but it can become dark when betting becomes addictive. Counselors save problem gamblers from financial ruin, which is a vital service for people whose gambling habits have gotten out of hand.
However, the water conservation projects have important long-term consequences, too. Colorado supplies water to at least nine other states in addition to its own growing population. To stave off the growing gap between the supply of water and Colorado’s residents, Colorado has put together a plan to save and allocate water. Part of every taxed sportsbook dollar goes toward these projects to secure a prosperous future for all Coloradans.
Your bookie may be a nice guy, but he doesn’t do any of that.
Why Colorado Sports Bettors Can Trust Fox Bet With Their Precious Money
Since Fox Bet is taking bettors’ money and social security numbers, bettors may want to know whether their information is safe. Lucky for them, Fox Bet has them covered.
In addition to the standard email and password combo, Fox Bet offers a two-factor authentication option. Fox Bet has an RSA token they can send bettors with information that bettors need to input along with their password. It prevents someone from stealing login information and logging in from somewhere else. If bettors have the RSA token with them, no one else can login without the data on that token.
The State of Colorado also sets security guidelines for licensed sportsbooks. Fox Bet is required to meet minimum security measures as outlined in Rule 7 of the Colorado Division of Gaming’s sports betting licensing rules. The Division also requires an independent audit of a licensed sportsbook’s security measures. Whether bettors wager at Fox Bet or another licensed Colorado sportsbook, they can rest assured that their information is safe.
Fox Bet Fact Table
|Age to bet||21|
|States FoxBet operates in||Colorado, Pennsylvania, New Jersey|
|FoxBet's Colorado partner||Eldorado Resorts|
|Colorado launch date||May 19, 2020|
Fox Bet Colorado FAQ
Avid bettors know how big a change sports betting legalization is for Colorado gambling. However, that change creates new and exciting things to be confused about. Here are some common questions that come up repeatedly about new sportsbooks.
Does Fox Bet Offer Betting Lines On Esports?
Fox Bet does not appear to offer lines on Esports. However, Esports betting is legal in Colorado, so Fox Bet could offer Esports lines in the future. They’ll just need odds makers who know the leagues and probabilities of winning to create reliable lines.
Can Bettors Sign Up From Anywhere In Colorado?
Yes. Bettors can create accounts from wherever they are in the state. They can even create accounts form out of state. However, bettors can only place bets within Colorado. Fox Bet makes sure bettors are in their legal states-of-operation before bets go through. Don’t try placing Colorado bets from Texas!
Does Fox Bet Have Live In-Game Betting?
Yes. Fox Bet has a whole section for in-game betting. That means bettors can place their bets during a live game and watch the odds change from moment to moment. It’s a great way to spice up that Super Bowl party.
What’s The Best Way To Deposit Funds At Fox Bet?
Bank transfer. Bettors don’t have to worry about whether their card has enough money on it, and they don’t have to worry about creating another online account. They also don’t have to worry about remembering login information for some other site. It’s direct and online. What could be better?
How Old Do Bettors Have To Be To Bet At Fox Bet?
21. Don’t confuse the sportsbook age with the fantasy sports age. Fantasy sports players must be at least 18 to participate. However, sportsbook bettors must be at least 21. (It’s why DraftKings and FanDuel separate their fantasy sports and sportsbooks operations.)
How Many Different Sports Does Fox Bet Have Betting Lines On?
At the time of this writing, 17. However, there are different leagues within sports, like boxing and Bellator within the UFC category. Each league also has many betting lines to choose from. Fox Bet bettors will have plenty of betting lines to wager on, no matter the sport they choose.
Fox Bet Overall (4.6)
Fox Bet is a great app for easy-going bettors. Fans of Fox Sports will also enjoy the commentary that goes along with the Fox Bet app. Additionally, Fox Bet has the best welcome bonus so far. They have the best odds on the favorite to win but the worst odds on the underdog and on ties. The deposit and cashout options are convenient–and socially distant–and its mobile app is pretty good. The separate bet slip menu drives me nuts, but overall, it’s an intuitive app that anyone can navigate.
Fox Bet is the go-to sportsbook for bettors who play it safe. With the accompanying commentary from Fox Sports and the favorable odds on the favored winner, anxious bettors have a sportsbook with them in mind.