Bonuses and Promotions
Odds VS. The Competition
Market Depth & Variety
Deposit & Cash Out
Colorado has plenty of sports betting websites. However, MaximBet is the first one that seems to be designed for the web first. Sportsbetting.com has a barebones layout that looks approachable to new bettors. It offers a basic welcome bonus that may look familiar to seasoned bettors. However, its terms set it apart even in Colorado’s competitive market. For a plain-looking site, MaximBet has several standout features. So, here’s how it compares to the other Colorado sportsbooks and whether bettors should pay attention to this new betting site.
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MaximBet Colorado Sportsbook Promo Code 2021
MaximBet Colorado Promo Code
|None - Use our exclusive link to unlock a $500 welcome bonus|
MaximBet offers a $1,000 deposit bonus matched at a 100% rate. That means for every dollar that bettors deposit, they will be matched $1 in site credits up to $1,000. However, bettors must also fulfill a 1x playthrough requirement. Bettors won’t be awarded $1 in site credits until they’ve wagered $1 of their own money.
This welcome bonus is also awarded in four increments: one per week for a bettor’s first month. Bettors can be eligible for $500 the first week, $250 the second week, and $125 the third and fourth weeks. This encourages bettors to continue betting with MaximBet instead of making one large bet and bouncing.
This bonus is stronger than many competing offers because it awards new bettors competitive amounts of money in several increments. Sportsbook App Store reviews are full of irate bettors who didn’t realize they missed out on a welcome bonus when they placed their first bet. But MaximBet gives new bettors some wiggle room, which is more than many of its competitors can say.
MaximBet is a hidden gem in Colorado’s sports betting industry. It has competitive underdog odds, unseating FanDuel as the underdog king. Here are MaximBet’s odds against its strongest competitors on an old Charlo/Derevyanchenko boxing match:
MaximBet dominates the odds on Derevyanchenko and the remote possibility of a tie. Even though it reduces Charlo’s odds, MaximBet still has the third-best Charlo odds in this group. Even when MaximBet isn’t on top, it’s competitive. Here are its odds on an old Broncos/Buccaneers game:
MaximBet is second only to SBK, which is no small feat in Colorado. Since SBK’s odds are set by bettors, its house advantage is smaller. So, SBK generates competitive odds. But MaximBet has made a strong entrance into Colorado, as bettors can see here. MaximBet just has to maintain that lead.
A first look at MaximBet’s betting lines doesn’t reveal anything groundbreaking. It has a strong selection of sports to bet on. It has everything from core professional sports to Gaelic football and hurling, so there’s something for everyone.
But the leagues within those sports are where MaximBet comes into its own. In sports like golf, MaximBet offers betting lines on the US Masters and Open Championship. However, it also has contests like the Dubai Duty Free Irish Open and LPGA Money List. In soccer, MaximBet has around 60 leagues to choose from. MaximBet has many sports and leagues to choose from.
Its selection of sports is in line with other Colorado sportsbooks. But its selection of leagues within each sport is staggering. If bettors want to find new–even obscure–leagues, MaximBet is a good place to do it.
MaximBet has many leagues to wager on, but only a few ways to deposit betting money. The site offers four deposit options:
Mazuma is a credit union that does MaximBet’s bank transfers. Once bettors decide how much to deposit, they’re whisked away to a new screen to complete the transfer by select their banks and entering their information. Skrill users have to log in and follow the prompts until the money is deposited into their MaximBet accounts. Ths is a small deposit method selection compared to the rest of the market, so MaximBet lags behind in this regard.
However, bettors must verify their accounts before they can withdraw funds. That includes uploading a driver license and one of the following documents for proof of address:
- Credit Card Statement
- Bank Statement
- Phone Bill
- Utility Bill
- Voided Check
It’s not part of the registration process. Bettors can create a user ID and a login without the identity verification steps. But to withdraw winnings, bettors would have to upload these documents.
MaximBet’s app arrived late to the Colorado market. When it did, it didn’t match the quality of its competitors. Its app isn’t optimized for tablets, so it’s better to use the app on a smartphone than a tablet. But the app is a sleek and clean sportsbook that’s easy to navigate. Its live betting lines are front and center, so bettors can launch into sports betting right when they open the app. Bettors can also find upcoming games and scroll through a bar of sports at the top of the screen to find new sports and leagues. (Although, the scrolling doesn’t work on a tablet. Bettors have to use the A-Z list of sports on the sports tab.)
So, even though MaximBet has some good pieces of software in place, its app needs to be refined to match the quality of Colorado’s best sportsbook apps.
MaximBet has come a long way since its initial Colorado launch. Its minimalist website simplifies navigation–a feature its Colorado app maintains. But it needs to be optimized for tablet users to fully compete with Colorado’s other sportsbook apps. Risk-seeking bettors who bet on the underdog should keep MaximBet on their shortlist of sportsbooks to try, too. Finally, anyone with eclectic sports tastes can spend hours browsing the international leagues MaximBet offers. Its deposit and cashout options fall below Colorado’s market standard. MaximBet is off to a strong start. But it needs to put a few more pieces together to fully compete.
Is MaximBet A Legit Website?
Yes. MaximBet is a real and reputable sportsbook. It’s a joint venture between Carousel Group, an iGaming company with three brands under its belt, and Maxim. Here’s how bettors can rest assured that MaximBet will do more than eat their money.
MaximBet’s Colorado Gaming License
MaximBet isn’t a strange website whose word we have to take at face value. It’s applied for and received a Colorado sports betting license. So, it’s operationally ready to serve Colorado bettors. The State of Colorado believes MaximBet can accept money, award money, and keep sensitive customer data secure. That’s more than we can say for an offshore sportsbook.
MaximBet Has A Complaint Process
By itself, this isn’t a confirmation of a legitimate site. However, it’s a signal that MaximBet has a customer service infrastructure in place. Illegal sportsbooks don’t need customer approval to operate. MaximBet is willing to get feedback from its customers and resolve customer disputes.
The State Of Colorado Has Its Own Sportsbook Complaint Department
Part of the licensing process includes sportsbooks submitting to Colorado’s complaint resolution process. But if MaximBet can’t resolve its customer complaints, Colorado’s Gaming Commission can litigate customer complaints, too. If the Board finds the sportsbook acted wrongly, it can issue fines or license suspensions. It’s a powerful safeguard for bettors.
Colorado Has All Of MaximBet’s Financial Statements
The company that owns MaximBet is only three years old–the same number of years of financial statements Colorado requires from sportsbook applicants. These documents include:
- Income statements
- Balance sheets
- Statement of Cash Flows
- Sources of Income
Knowing where MaximBet’s money comes from and where it goes ensures Colorado authorities can detect and stop criminal activity. So, it’s an excellent deterrent to illicit activity from any licensed Colorado sportsbook.
Illegal sportsbooks want bettors’ money, and they may not want to award it if they win. In contrast, MaximBet wants to comply with consumer lawyers. Their terms and conditions and privacy policies make important pacts with their bettors. So, don’t take a commitment to fair and transparent rules for granted. It creates a massive divide between legal and illegal sportsbooks.
Why Bet At MaximBet Instead Of An Illegal Sports Betting Site?
Illegal sports betting sites can be tempting. They can offer odds that seem too good to be true. So, bettors may think it’s a good idea to cash in on incredible odds on an underdog they’re sure will come through. But licensed sportsbooks come with an enforcement mechanism that compels them to pay bettors. Government oversight sets a cash reserve to ensure sportsbooks can pay their bettors.
But illegal sportsbooks aren’t obligated to pay their bettors. Since illegal sportsbooks operate outside the law, there’s no external mechanism that compels them to pay their winners. If bettors get stiffed by an illegal sportsbook, they have nowhere to turn. If they go to the police, they’ll have to confess to illegal sports betting. Needless to say, Coloradans do not have legal recourse if they engage in illegal gambling.
The Value Of Industry Standards
Illegal sportsbooks also aren’t bound by any of Colorado’s sports betting rules. Colorado’s Division of Gaming has a set of rules that set boundaries in the sports betting industry. For example, the Colorado Division of Gaming has the right to see sportsbook documents on command. The rules set security standards and preliminary audits sportsbooks must undergo before launching in Colorado. It also lays out the details of how bettors can bring sportsbook complaints to the State of Colorado.
While legal sportsbooks can anger bettors, holding them accountable is straightforward. Licensed sportsbooks can be fined or jeopardize their licenses if they operate illegitimately. If regulatory authorities suspect they are, sportsbooks can be hauled in front of a Board and investigated. Consequently, that investigation leaves a black mark on a sportsbook’s record. It’s something a sportsbook would have to disclose in future state license applications. They have market access at stake, so licensed sportsbooks are motivated to be on their best behavior. Illegal sportsbooks have no such motivation to operate legitimately. Bettors are better off betting at legal licensed Colorado sportsbooks.
Why Can Bettors Trust MaximBet With Their Money?
MaximBet cites its “government-approved data centers and world-class security” as standout security protocols. Details are sparse, but it must include SSL certification. It’s a core piece of online security that online sportsbooks–and any other website–can’t do without it. On an unsecured site, bettors’ information is vulnerable to hackers who can screengrab that information. However, SSL certifications encrypt that data once bettors enter the first digit of their social security numbers. Customer data isn’t legible until it reaches a sportsbook’s server. That’s one of the most basic ways sportsbooks keep customer data secure.
Data security is never perfect on the internet. However, it’s as secure as consumers can expect. So, MaximBet’s subscription to Colorado’s audit and security standards ensures a smooth betting experience.
How To Deposit On MaximBet
MaximBet has one of the easiest signup processes in Colorado. There’s one short form to fill out, and bettors can do it on their phones. All the information bettors have to enter is their:
- Desired password
- Last four digits of their social security number
However, bettors have to submit documents for identity verification to withdraw funds. That’s where bettors have to submit a driver’s license and utility or credit card bill. We’ll cover that in more detail in the deposit and withdrawal section. The initial registration is easy.
MaximBet Fact Sheet
|Colorado Sports Betting Age||21|
|MaximBet Legal States||Colorado|
|MaximBet Colorado Partner||Johnny Nolon's|
Bettors must be 21 to place sports bets. Young bettors may be confused about why they can build fantasy teams but can’t place sports bets. The fantasy sports age is only 18. Putting together a team for potential prize money isn’t considered gambling. However, sports betting can’t get around the gambling definition. So, bettors must be older to partake.
Yes. Colorado’s Department of Revenue keeps a list of licensed sports betting operators. Licensees endure an invasive application process that’s heavy with paperwork. Executive management must go through background checks to make sure they’ve never been convicted of gambling crimes. Colorado’s Department of Revenue also has three years of financial records and MaximBet’s legal record. A Colorado sports betting license is a powerful stamp of approval.
Yes. Like many sportsbooks, MaximBet’s homepage is full of live and upcoming events. Live betting also has its own tab between the home and promotions tabs. Live betting is great for bettors who want to see the odds change a little one way or the other. Admittedly, they’d have to know how each team plays to profit reliably. But that’s half the fun of sports betting, isn’t it?
Yes. As long as bettors have a WiFi connection, they can register from anywhere they want. However, uploading a credit card bill may be more difficult to do if it’s not on hand. A screenshot may work if bettors have already gone paperless. But the verification process doesn’t have to happen until bettors want to move their money from their sportsbook accounts to their bank accounts.
Yes. Bettors can register from anywhere, but they must be in Colorado to place a bet. MaximBet, like all Colorado sportsbooks, geofences its website around Colorado. That prevents bettors from outside Colorado from wagering at Colorado sportsbooks. It also keeps MaximBet from violating the Wire Act, which prohibits betting information from crossing state lines. MaximBet wisely chose not to run afoul federal law, so all the bettors on its Colorado site are Coloradans.
Yes. Carousel Group and Maxim, the companies in charge of MaximBet, got its license on April 30, 2020 back when it was sportsbetting.com. However, the site didn’t launch until months later. There are a few reasons sportsbooks may get the license first, then launch their product. They may update their site security per the state’s audit. There may be last-minute offerings they want to put in place. But once Carousel Group secured its license, sportsbetting.com, and its latest iteration, MaximBet, became legal in Colorado.