Colorado Sports Betting
The Centennial State had a little bit of a different path to legalized sports betting than other states since it required a popular vote by its citizens. The vote in 2018 cleared the way for this beautiful state to offer both retail and online sportsbooks within its border by the summer of 2020. Colorado’s retail sportsbooks will be located in the mining towns of Black Hawk, Central City and Cripple Creek. The offerings within the state are massive. It looks like just about every operator wants their share of the market of the mile-high marketplace. Considering that Colorado is a world-class destination for travels from around the world, this makes sense.
On a side note, PointsBet decided to located their United States headquarters in the booming LoDo business district of downtown Denver. Sports betting, like cannabis, has been quickly accepted by the population and is part of everyday culture.
If you are looking for information on Colorado sports betting sites, we’ve got you covered. Below is a list of our favorite legal sports betting brands that are operating in the Centennial State.
You can learn which Colorado sportsbook is offering the best welcome bonus, as well as how to open a sports betting account and lots more here, so make sure to read up.
Welcome offers current for April 2022
- Use Promo code: VEGASSPORTS
- Large Risk-Free bet awarded after first deposit
- Excellent Rewards Program with hotel stays at their Las Vegas properties
- Largest sportsbook in the United States
- Easy-to-use designs for iOS, Android and web
- Available across the country
- Large Risk-Free welcome offer of up to $1,000
- America's Oldest bookmaker, since 1875
- Easy-to-use designs for iOS, Android and web
- BetRivers will match the first deposit up to $250
- Bonus requires a one-time rollover wagering requirement meaning those funds will need to only be bet once to withdrawn
- Please refer to BetRivers for more details
How to open an online sportsbook account and place a bet in Colorado
Placing a wager on a sporting event through an online sportsbook can be intimidating for new bettors. There seems to be three questions we get asked the most by new players about betting online with a regulated sportsbook.
- Is my money safe?
- Is it legal to bet on sports in Colorado?
- Will I be able to withdrawal my funds easily?
The simple answer is yes to all three. We are living in an age when sports betting has become legal in a majority of the nation. Every state legislature is addressing legal and regulated online sports betting. Currently, twelve states allow for online registration and wagering without having to travel to a casino. As you can see from the list above, Vegas Sports, Inc. has partnered with well-established sportsbooks in the state and they have made the registration process as simple as setting up a bill-pay account at your bank. Take a look below, we might be able to answer a few other questions you have about opening an account at an online sportsbook.
Rest assured that the state regulatory agency, Colorado Department of Revenue – Division of Gaming, has taken the proper steps to only license quality organizations. At Vegas Sports, we know the stringent process to become licensed in Colorado. The process is even more rigorous for a sportsbook to become licensed and regulated in the Centennial State. This guarantees that the public in Colorado will only deal with reputable, ethical and well-funded companies.
The next step is understanding the process of opening an account at an online sportsbook
How to choose a sportsbook?
There are a few factors to consider when selecting a new sportsbook. To start, a player should decide what’s most important to them, then pick a sportsbook that matches their priorities. For us, the welcome bonus is a major consideration. The opportunity to enhance your bankroll right out-of-the-gate is real advantage to a savvy gambler. Another important factor for us is brand reputation. A third factor we consider is the loyalty program offered by a sportsbook.
Look for an attractive welcome bonus
The competition amongst the online sportsbooks is terrific for the consumer. There are many online sportsbooks in every state vying for your patronage. Each will have its own way of enticing you to sign up with them.
Welcome bonuses tend to come in two main varieties, a deposit match or a risk-free bet. As with each, there tends to be a qualifying amount of times those funds need to be wagered before they can be withdrawn.
We will discuss both in greater detail below.
The deposit match is as simple as it sounds. This is when a sportsbook will match your opening deposit, up to a certain amount.
The risk-free bet is an attractive bonus since it tends to involve a larger dollar amount than the deposit match. This bonus works in such a way that a player’s first wager is considered their risk-free bet. If this bet does not win, the amount of the bet, up to the amount of the offer, will be refunded back into the client’s account as a free bet.
For example: PointsBet Sportsbook offers new players, up to, a $2,000 risk-free bet. For instance, if your first bet was $550 on the Clemson Tigers -3 points versus the Georgia Bulldogs. Since Georgia won the game, the bet on Clemson would lose. Because this bet is considered risk-free, PointsBet will place a free bet for the same amount into your account. The account will have a free bet valued at $550 for you to wager.
As with all promotions, there will be qualifiers that one must achieve prior to withdrawing any funds generated from these promotional offers. Most sportsbooks will require the funds to wagered a number of times, so please refer to the terms and conditions of the sportsbook or contact their customer service with any questions.
How to open an online sportsbook account
Registering for a sportsbook is like registering for any other online account, but with a little more personal information. Players should expect to provide their social security numbers and other personal data while completing the registration process. In addition, be prepared to have the sportsbook automatically locate your device. Some books may require bettors to download a geolocation plugin. State regulators require the geolocation feature to ensure that only bettors within their borders have access to sportsbook that they license.
How to deposit funds into an online sportsbook
Making a deposit is a standard banking-type process. It all begins with visiting the cashier at the sportsbook and select from the supported methods. There are usually numerous options.
Many players find that using ACH/eChecks or a bank transfer are one of the simplest ways to fund an account. Players will also be able to use Visa, MasterCard or PayPal to make instant deposits. These are some of the most trusted online banking methods. Many online books will have other options, like PayNearMe, to fund your account. There are no fees incurred from the sportsbooks when making a deposit, but your bank may charge a fee.
If you have any questions, reach out to their customer service. These live chat customer service agents are available before and after you open your account.
How to place a sports bet on your phone, tablet or computer
Once you have established an account with a sportsbook, the process to place a bet is relatively simple. While every book has their own style, the methodology is standard throughout the industry.
First you will need to locate the sports league of the game and team you would to bet. The menu of sports and leagues should be easily located on the top of the screen or to the side. Select the sports or league. A menu of events will appear listing games in chronological order.
From there, locate the specific sporting event you would like to wager and check the odds.
After selecting the particular bet, it will appear in the betting ticket section of the sportsbook. Most books will keep the betting ticket open, so players can place multiple bets or group the bets on one ticket.
Once a bet is populated on your betting ticket, take a moment to make sure everything is listed exactly as you expect. If not, cancel the bet and start over. Review the ticket to verify the team, point spread and dollar amount are 100% correct. As with any financial transaction, please verify that the information is correct before you click ACCEPT or PLACE BET. Once you have completed this step, the bet will be listed in the PENDING BETS or MY BETS section of the sportsbook.
How to withdraw funds from an online sportsbook
Withdrawals can be conducted easily and usually in the same method in which the deposit was made, unless you used a credit or debit card. In that case, you may have to use a different method that could require additional information.
To request a withdrawal, one will need to access the cashier and select Withdraw. Then choose an amount to remove from the account. Each request will have to pass through a security review and can up to a week to process (depending on withdrawal method).
Please note that before any winnings generated from a welcome bonus can be withdrawn, the bonus wagering requirements must have been met. Please check with the sportsbook for questions you might concerning the withdrawal of funds.
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1.800.GAMBLER (1.800.426.2537). In Colorado, call 1.800.522.4700.