Sports Illustrated Sportsbook Colorado Promo Code & Sportsbook Review 2022

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Bet $20, Get $200 - T&C's Apply
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Use Sports Illustrated Sportsbook Colorado promo code SI200 to get $200 in free bets.

Sports Illustrated Sportsbook is now available to Colorado sports bettors, and it is among our recommended options in the Centennial State, especially since the SI Colorado promo offer is straightforward and easy to acquire. Simply place a $20 wager and if you win, you’ll receive $200 in free bets.

Don’t let the fact the Sports Illustrated Sportsbook is available in a mere three states fool you – whether you’re new to sports betting or a seasoned pro, Sports Illustrated Sportsbook Colorado has everything you need to succeed. It’s commonly referred to as SI Sportsbook, and we’ll reference it that way in the rest of this review. 

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Sports Illustrated Sportsbook Colorado Bonus Code 2022

SI Sportsbook gives new users a $200 in free bets for those who place a wager of $20 or more and win. Use Colorado SI Sportsbook promo code SI200 to claim. Terms and conditions apply.

SI Sportsbook Colorado Promo CodeSI200
Terms and ConditionsNew users only; must be 21+. Additional terms and conditions apply.
Signup BonusBet $20, Get $200 in Free Bets
States Where Sports Illustrated Sportsbook Is AvailableCO, MI & VA
Promo Code Verified ForDecember 2022

SI Colorado’s sign-up bonus won’t blow you away in terms of its size, but it will allow you to become acquainted with the app and see if it’s for you. You’ll receive $200 in free bets after placing a winning wager of at least $20 with minimum odds of +120 or higher. The free bets will be deposited to your account as eight $25 credits.

The free bets must be used within seven days of being credited to your account.

The $20 first bet requirement is higher than most other online sportsbooks and if your wager loses, you’ll receive no bonus.

In some ways, your feelings on the SI Sportsbook welcome offer is a matter of perspective. DraftKings offers a $50 free bet with no deposit.  It is a one-time shot, but the potential payout is higher. Bet365 offers Bet $1, Get $200 deal, and the minimum odds go down to -500. That’s a better deal, but it’s not a brand that as many customers know.

Ongoing SI Sportsbook Promos

In addition to the $200 welcome offer, SI Sportsbook also has promos for existing users. Here are a few examples from the “Promotions” tab in the app as of Nov. 8:

  • “Sunday Funday Parlay”
    • Bet $15 or more on a same game parlay and get a $10 free bet if it loses.
  • “More For Your Money”
    • Bet various amounts on UFC, soccer, tennis, and F1 motor racing and get free bets in return.
  • “Third and Long”
    • Place a minimum $25 parlay wager with three or more legs on the NCAA or NFL from Friday-Sunday. If your bet hits, you’ll receive an additional $20 free bet. This promo can be claimed once a day for a total of $60 in free bets each week.

Does SI Sportsbook Have Competitive Odds?

You’ll find some quality odds at SI Colorado, but it’s important not to rely on any one sportsbook. Bettors should have multiple accounts at different books to compare odds and find the best numbers and prices for their bets.

Let’s take a look at the moneyline odds available for the Denver Broncos Week 4 matchup against the San Francisco 49ers on SI Sportsbook compared to DraftKings and FanDuel.

Team SI Sportsbook DraftKings Sportsbook FanDuel Sportsbook

DraftKings offered the best odds on the road favorite 49ers at -120. While FanDuel had the best price on the Broncos at +106, SI Sportsbook was right behind at +105.

No single sportsbook will offer the best odds on every game. That’s why we recommend opening multiple accounts with different sportsbook operators that are legal in Colorado. This will allow you to shop around the industry for the best odds on your bet.

Shopping Around for the Best Futures Odds

Futures odds have a tendency to fluctuate more than spread and total bets. These odds are offered on season-ending events like the Super Bowl. At the time of this writing, futures odds on the Denver Nuggets to win the 2023 NBA Finals looked like this:

Colorado SportsbookDenver Nuggets NBA Finals Odds
SI Sportsbook+1600

As of Nov. 8, Sports Illustrated Sportsbook and DraftKings offered the lowest price on the Nuggets at +1600. If you were putting in a Denver Nuggets NBA Finals bet, you’d want to head to FanDuel as they’re giving the best price at +2000.

Again, no one sportsbook will have the best odds for every market which is why it’s recommended to have at least two different sportsbook accounts so you can compare odds and lines for each bet you want to place.





This is a category where SI Colorado receives a good score. As of June 2022, SI Sportsbook’s A to Z list of sports included:

  • Aussie Rules Football
  • Badminton
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts 
  • eSports
  • Football
  • Golf
  • Handball
  • Hockey
  • MMA
  • Motor Racing
  • Rugby
  • Snooker
  • Soccer
  • Table Tennis
  • Tennis
  • Volleyball

That’s a stout selection of sports. SI Sportsbook Colorado also offers esports, which aren’t usually available at commercial sportsbooks. You’ll also find plenty of ways to get action at SI Sportsbook.


Straight bets can be made using the point spread, which adds and/or subtracts points from the teams’ final scores. If you’re betting on the Denver Broncos at -3 vs. the Las Vegas Raiders, the Broncos need to win by four points to cover the spread. 


With moneyline bets, you simply need your chosen team to win the game. The final margin of the score is irrelevant. 


These are also known as over-under bets. The game’s total is the combined number of points scored by both teams. You’re betting “under” or “over” the game’s posted total. Using the example above, let’s say the Broncos and Raiders have a total of 47.5. You will need both teams to combine for at least 48 points to cash an “over” bet. The “under” bet will win if a maximum of 47 points are scored by both teams.

Prop Bets 

Prop bets are wagers not directly related to the actual outcome of the game. The number of strikeouts a pitcher will have in a game? That’s a good example of a player prop. Team props are also available. Which team will be the first to score 20 points in the game? That’s a standard team prop bet. 

Live Bets 

Live bets are also known as in-game wagers. They are made after a game has started. New odds are released on a real-time basis depending on how the game is progressing.


Parlays are wagers with multiple bets (or legs) that all have to be correct for you to win. The more legs you include, the higher the payout will be. But it’s inherently harder to win these bets. Search for free online parlay calculators that will give you your implied probability of winning and potential payout.  


Teasers allow you to adjust the points in your favor. You must have at least two teams coupled in these bets, and they both must cover the adjusted point spread.  


The best example of futures odds? Betting on the winner of the next Super Bowl at any time of the year. At the time of this writing, SI Sportsbook offered the Denver Broncos at +1600 to win Super Bowl 57. A $100 bet would return $1,600 if the Broncos win the Super Bowl next year. 


How To Register For An SI Colorado Account

Download app: Apple iOS users will do this at the App Store, and Android users will find the SI Sportsbook app at the Google Play Store. Be sure to use the exclusive promo code above to ensure you receive SI Sportsbook’s signup bonus. The actual registration process is quick and easy. Supply some personal information including your name, date of birth, email address, mailing address, phone number, and Social Security number. SI Sportsbook will send you a follow-up email to have you confirm the information and verify your new account.

Fund your account: For deposits, SI Sportsbook offers online banking, credit or debit card, PayPal, Play+ prepaid card, Neteller, PayNearMe, and wire transfers. 

Make your first bet: Navigate to the league of choice on SI Sportsbook’s app, tap the game of interest, and click the odds for the team you want to bet on. Enter a bet amount, confirm the selection, and submit the wager.

Withdraw your winnings: SI Sportsbook offers the following options for withdrawals: online banking, credit or debit card, PayPal, Play+ prepaid card, Neteller, PayNearMe, and wire transfer. 


There are some standout features on the SI Sportsbook Colorado app. The cash-out feature allows bettors to withdraw a portion of their winnings before a game ends. There is also a bet feed feature that allows you to see the most popular bets being made at any given time.

SI Sportsbook offers live betting, as well. Live bets are also referred to as in-game or in-play wagers. They are made when a game is already in progress. SI Sportsbook offers in-game betting on various sports including, but not limited to football, baseball, basketball, hockey, auto racing, and more. Live betting is even available on esports!

The app features a clean, simple design that is free from any unnecessary clutter. It could be made to be easier to navigate and if you’re accustomed to a fast-responding app like DraftKings, you might find the SI Sportsbook to be a touch slow. These are nitpicky issues but worth noting with the amount of sportsbook competition in Colorado.


As a relatively new sports betting app in a mature Colorado marketplace, there may be some growing pains before SI Sportsbook is on par with industry leaders, such as BetMGM, DraftKings, and FanDuel. At the time of this review, SI Sportsbook’s sports betting app had a 3.7 rating out of five stars at the App Store after 500+ customer ratings.

You have to take some customer reviews with a grain of salt. Sportsbooks can often receive unwarranted criticism from bitter bettors who’ve lost money on their site or app. We think SI Sportsbook will only improve over time as many of its competitors have done in the past.

Is SI Sportsbook legit? 

Yes. SI Sportsbook is a licensed and legal operator in Colorado. All legal sportsbooks in the Centennial State are regulated by the Colorado Limited Gaming Control Commission and Division of Gaming. They serve as a watchdog for customers, who can file complaints if any disputes arise in the future. As a licensed and legal sportsbook, SI Colorado also has to prove it has minimum cash reserves at any given time. You can expect to see transparency in all of SI Sportbook’s business dealings because of these state enforcement agencies. Take comfort in the fact that you are protected when using a legal sportsbook such as SI Colorado. 

Why choose SI Sportsbook over illegal betting sites? 

For all of the reasons mentioned above, chiefly, and then some more. Illegal sportsbooks don’t answer to any oversight or regulatory body. They can often have inferior digital security systems in place, too. This can put a bettor’s money and personal information in jeopardy over time. Hackers and cybercriminals will potentially have the ability to crack the codes on these lesser security systems. Odds can often be of lesser quality at illegal sportsbooks, as well. There isn’t one valid reason to choose an illegal sportsbook over SI Sportsbook in Colorado. Why would you when there are already so many legal and trusted sportsbooks operating in the Centennial State?  

Three Legal Alternatives To SI Sportsbook In Colorado 

It’s always prudent to open multiple accounts at different sportsbooks because it allows you to search and find the best odds on your bets. There can be some variance in the sports betting industry, and even a half-point can make the difference between winning or losing your bet. Here are three alternatives to complement your account at SI Sportsbook Colorado: 

DraftKings Colorado

BetMGM Colorado

FanDuel Colorado

SI Sportsbook Colorado — Simple Fact Sheet


How old do you have to be to wager at Sports Illustrated Sportsbook Virginia ?21 or over
Sports Illustrated Sportsbook offers legal online betting in which states?CO, MI & VA

SI Sportsbook Colorado FAQ

Can you register accounts at more than one sportsbook in Colorado?

Yes, and this is a highly recommended course of action if you want to succeed in the long run as a sports bettor. Savvy sports bettors open multiple accounts and shop for the best available odds across the industry. You can only do this by having multiple accounts. Odds and prices can vary at different sportsbooks, and you need to have the ability to find the best odds on all of your bets.

Do I have to be in Colorado to make a bet at SI Sportsbook?

Yes. All of Colorado’s legal sports betting apps come equipped with geo-locating technology that prevents bets from being placed outside of the state. You don’t have to be a Colorado resident to create an account at SI Sportsbook. You only need to be 21 or older and in the state of Colorado when making a mobile bet.

Can you bet on esports at SI Sportsbook Colorado?

Yes. SI Sportsbook, unlike many commercial sportsbooks, does offer wagering on esports. If you enjoy betting on niche sports, too, you’ll also like the available offerings at SI Sportsbook Colorado. These sports include Aussie Rules Football, badminton, darts, snooker, table tennis, and more.

Can you make live bets at SI Sportsbook Colorado?

Yes. Live bets can be made at SI Sportsbook. They are also referred to as in-game or in-play bets. These types of bets are made when a game is in progress, and new odds are continually adjusted based on the flow of the game. SI Sportsbook offers live bets on football, basketball, baseball, hockey, and more. Tap the “Live Now” link at the top left of SI Colorado’s sports betting app to see all of the games in progress at any given time.

How many different sports can you bet on at SI Sportsbook Colorado?

SI’s market depth is pretty impressive. A total of 21 sports were available as of this writing, but when you consider the number of different leagues within some sports, such as soccer, the market depth increases exponentially. Mainstream and niche bettors will both enjoy the offerings at SI Sportsbook.

Does SI Sportsbook Colorado offer a signup bonus to new users?

Yes. Use SI Sportsbook Colorado promo code SI200 to claim $200 in free bets after making and winning a  $20 bet.

About the Author

Amber Hoffman

Amber is the Managing Editor of Colorado Sharp. She writes for a variety of websites in diverse industries, including gaming and travel and is a fan of international football (not "soccer") and Gaelic sports.