Sports Betting Bonus
Colorado online sports betting kicked off on May 1, 2020. There are 16 licensed Colorado online sportsbooks. Most offer sign-up bonuses including free bets and deposit bonuses that lure players to their sites instead of their competitors. Each has its own set of terms and conditions, and we cover them below so you can find the best deal for your level of activity.
- Sports Betting Bonus Rollover
- Best Sports Betting Bonus
- Sports Betting Bonus No Deposit
- Sports Betting Bonus Without Deposit
- Best Sportsbook Sign Up Bonus
- Sports Betting
Jan 23, 2018 No Deposit Bonus. These sports betting bonuses are usually handed out by sportsbooks that have just made an entry into the market. This offers bettors with an opportunity to test waters before they hand over the real money. Even if superficial appearances can promise a lot, bettors need to try out sportsbooks firsthand before placing real money. You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100%.
**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.
Best Online Sports Betting Bonuses In Colorado
While most Colorado sportsbooks offer bonuses, some are notable for new bettors. Here are the eight best welcome bonuses in Colorado:
- William Hill – Claim A $500 Risk-Free Bet
- BetRivers – Claim A $250 Deposit Bonus with 100% Match
- FanDuel – Claim A $1,000 Risk-Free Bet
- SportsBetting.com – Claim A $150 Deposit Bonus
- BetMGM – Claim A $500 Deposit Bonus – Use bonus code SHARP
- PointsBet – Claim A Two Risk-Free Bets, up to $1,500 – Use bonus code BIGBONUS
- DraftKings – Claim A $1,000 Deposit Bonus with 20% Match
- FOX Bet – Claim A $500 Risk-Free Bet
Online Sports Betting In Colorado
William Hill Colorado
Bonus: $500 Free Bet
Claim Bonus: Willaim Hill $500 Free Bet
Defense Dollars: Wager $50 or more on the pregame or full game spread on the Washington Huskies vs. Oregon Ducks game. Earn a free bet for your team’s defense:
- $1 per sack
- $2 per fumble recovery
- $3 per interception
- $7 per defensive touchdown
- $10 per safety
Remember, the risk-free bet must be used within seven days from the date it’s awarded. Don’t let that free bet go to waste!
BetRivers Colorado
Bonus: 100% up to $250 Deposit Match
Claim Bonus: BetRivers Sportsbook Bonus of $250
Colorado became the fourth state BetRivers launched in after Pennsylvania, Indiana, and Illinois. (It launched in Iowa shortly afterward, too.) BetRivers is owned by Rush Street Interactive, the same company that operates SugarHouse Online, but Coloradans won’t get access to that site. BetRivers has a number of loyalty perks and rewards to Colorado sports bettors and is offering up to a $250 match for deposits through our exclusive link. BetRivers will match each dollar bettors deposit with a site credit up to $250. Bettors also have to use that money to bet, with BetRivers releasing one site credit for every dollar in wagers. It has the best rate of reward among Colorado deposit bonuses. But it’s far from the largest.
FanDuel Sportsbook Colorado
Bonus: $1,000 Risk-Free Bet
Claim Bonus: FanDuel Sportsbook $1,000 Risk-Free Bet
FanDuel is another licensed daily fantasy sports company that entered thelegal sports betting industry in Colorado. You receive $5 in your account immediately upon signing up. You’ll receive another $5 upon making a deposit. FanDuel’s main welcome bonus is its $1,000 risk-free bet. You’ll receive a free bet for your first wager’s amount. If it loses, your account is reimbursed for the losses, up to $1,000. Winnings are eligible for cashout, but the site credits cannot be withdrawn.
SportsBetting.com
Bonus: $150 Deposit Bonus
Claim Bonus:SportsBetting.com $150 deposit bonus
SportsBetting.com launched in Colorado after partnering withJohnny Nolon’s. SportsBetting.com offers a 100% up to $150 deposit bonus for new customers.
Bonus: $500 Deposit Bonus
Claim Bonus:BetMGM Sportsbook $500 Deposit Bonus – Use bonus code SHARP
Bet MGM is operated by MGM Resorts out of Las Vegas. It offers a risk-free bet up to $500. However, bettors must use their first bet to take advantage of this bonus. If bettors lose their first bet, then BetMGM will add risk-free bets to bettor accounts. If bettors wager $49 or less, they’ll get one risk-free bet that’s equal to their first bet. If bettors wager $50 or more, then bettors will get five risk-free bets that are each worth a fifth of their first bet. So, a $500 losing wager would get bettors five $100 risk-free bets. It’s a little confusing, but the bottom line is bettors will get their losing stake back in the form of risk-free bets.
PointsBet Colorado
Bonus: 2 Risk-Free Bets up to $1,500
Claim Bonus: PointsBet Sportsbook $1,500 Risk-Free Bets – Use Bonus Code BIGBONUS
PointsBet offers a little something different-a dual risk-free bonus bet offer. New accounts can receive two risk-free bets, one up to $500 on a fixed-odds bet, and $1,000 for PointsBetting. PointsBetting is a spread bet which allows bettors to wager on how much their team will cover the spread by. The reward multiplies depending on how far over the threshold your team is when the game concludes. If you can guess how much you’ll win, you can be rewarded exponentially. But it’s a tricky bet. Best of luck if you attempt it.
DraftKings Sportsbook Colorado
Bonus: 20% up to $1000 on deposit.
Claim Bonus:DraftKings Sportsbook Bonus of $1,000
DraftKings is best known in Colorado as a legal daily fantasy sports site. It’s been a licensed daily fantasy site in Colorado since 2016. Now you can bet on sports through DraftKings’ app and website.
New DraftKings sportsbook players can earn up to $1,000 in deposit bonuses. When making a deposit, bettors can earn $1 in site credits for every $5 they deposit, up to $1000. That means a $5,000 deposit would receive the maximum bonus. However, DraftKings also has a playthrough requirement. Bettors get $1 in site credits for every $25 they ager after depositing. Bettors have 90 days to meet the playthrough requirement to maximize this bonus. You’ll be rewarded in proportion to how much you deposit and wager, so make your first deposit and subsequent bets count!
Additional terms and conditions apply.
FOX Bet Colorado
Bonus: $500 Risk-Free Bet
FOX Bet offers new players a $500 risk-free bet on their first wager. However, it’s only good for your first wager, so make sure you don’t miss it. Bettors must place a bet on a line with odds of -200 or more to qualify. If you lose, you’ll get site credits that match your stake up to $500. If you win, then congratulations. Enjoy your winnings.
BetMonarch
Bonus: None available
BetMonarch is the first homegrown sportsbook to launch in Colorado, both owned and operated locally. The new app launched in May 2020, about a week after Colorado legal sports betting went live. As the name suggests, BetMonarch is attached to the Monarch Casino in Black Hawk, and bettors will also be able to place bets at the retail sportsbook in person once Colorado casinos reopen.
SBK
Bonus: None Available
SBK is an online sportsbook from Smarkets, a European sports betting company based in the UK. SBK launched on June 4 and gets its odds from its betting exchange overseas. That means that SBK’s odds are particularly competitive. But Colorado sportsbooks that offer bonuses or boosts can have better odds on certain lines than SBK.
Sky Ute Sportsbook
Bonus: None Available
Sky Ute Sportsbook is the online sportsbook from the Southern Ute Indian Tribe. Sky Ute Sportsbook launched on June 9 and is currently not offering a sign-up or deposit bonus.
Circa Sports
Bonus: None available
Circa Sports is an online sportsbook that started in Las Vegas at the D and Golden Gate. Colorado is its first online sportsbook outside of Nevada and promises to have high limits and great odds.
BetWildwood
Bonus: None Available
BetWildwood is an online sports betting site operated by Wildwood Casino. It offers no welcome bonuses and tends to have low odds compared to its competitors.
theScore Bet
Bonus: $1,000 Deposit Bonus with 5% Cash Back + $500 Risk-Free Bet
theScore Bet offers two welcome bonuses: the $1,000 deposit bonus and the $500 risk-free bet.
The deposit bonus rewards bettors for their first deposit, up to $1,000. But to unlock that bonus, bettors need to wager. Bettors get 5% cash back on every wager for 60 days to slowly unlock the cash bonus they earned from their first deposit. That means to get the full $1,000, bettors must:
- Deposit $1,000 on their first deposit.
- Wager $20,000 in 60 days.
Long story short, bettors will be rewarded in proportion to their play.
theScore Bet also offers a $500 risk-free bet. theScore Bet refunds your first bet if it loses for the amount bettors wagered, up to $500.
Elite Sportsbook
Sports Betting Bonus Rollover
Bonus: $500 Risk-Free Bet
Elite Sportsbook is partnered with Red Dolly Casino. They are offering first-time users a $500 risk-free bet of up to $500 on their first bet. With a risk-free bet, the first bet is the one to go big on.
Betfred Sports
Bonus: $500 Risk-Free Bet
Betfred is a European operator that partnered with Saratoga to launch its online sportsbook in Colorado. Betfred is an official partner of the Denver Broncos and offers new players up to $500 risk-free bet when they sign up.
Superbook Sportsbook
Bonus: None Available
Superbook is a recent Colorado entrant that promises bonuses soon. Colorado is its first state after Nevada, and it’ll be heading into New Jersey next.
Colorado Sports Betting Sites Launching Soon:
888 Sportsbook
888 Sportsbook isn’t here yet. But when it is, it offers a $500 risk-free bet. However, that could change for Colorado before launching.
Bet365
Bet365 is a maybe, too. However, if it comes to Colorado, bettors would be able to claim a $100 first deposit bonus. It’d be the smallest deposit bonus in Colorado at that rate.
BetAmerica
BetAmerica is best-known as a horse racing betting company. It is owned and operated by Churchill Downs. It has been licensed in Colorado in the racing industry for years. However, its casino bonus is more generous than its sportsbook bonus. New casino players get a $500 deposit bonus. New sportsbook bettors get what appears to be a $50 risk-free bet.
Barstool Sportsbook
Barstool Sportsbook is opening a retail location in Colorado, but the app isn’t live yet. When it is, bettors can claim a $500 risk-free bet.
Colorado Sports Betting Promotions
Existing users can take part in sports betting promotions offered at many of the Colorado sports betting sites. Deposit bonuses reward bettors for how much they deposit and wager. Risk-free bets refund losing bets with site credits.
However, bettors will find ongoing bonuses that offer small wagers on popular games. There’s lots to see, so bettors should keep an eye out for new promotions.
Deposit Bonuses
Deposit bonuses appear the most enticing. They reward bettors for how much they deposit upfront. Sportsbooks seem to know that bettors who deposit money will use it, so it makes sense for them to incentivize large deposits. Deposit bonuses are awarded at a rate expressed as a percentage. A 20% deposit bonus, like DraftKings’, awards 20% of a bettor’s deposit in site credits. So, a $100 deposit would earn $20 in site credits.
However, deposit bonuses often have playthrough requirements, too. Bettors need to actually use the money they deposit before unlocking their bonuses. theScore Bet awards 5% of a bettor’s wagers up to the amount they deposited upfront. That way, sportsbooks ensure bettors are actually wagering.
Risk-Free Bets
Best Sports Betting Bonus
Ironically, risk-free bets require bettors to risk their own money upfront. Risk-free bets reimburse bettors for how much they lose on their first bet. The advertised amount is often the maximum bet that bettors can be reimbursed for in full. So, a $500 risk-free bet often means that bettors can lose $500 on their first bet, then get that money back in site credits. That’s the deal bettors can find at Fox Bet. However, bettors can’t withdraw the site credits. Bettors can only get their winnings in the bank. Since these bonuses are often only good for the first bet, new bettors often miss the chance to use them. Don’t be one of them. Plan the first bet carefully.
No-Deposit Bonuses
These are small, unremarkable bonuses that bettors receive upon sign up. However, these are in the form of site credits, too. They’re not free money for bettors to withdraw and use as they please. Bettors must use those credits to wager at their sportsbook or forfeit them. They’re usually not larger than $50, so don’t get too excited about them. Barstool Sportsbook offers a $10 no-deposit bonus for signing up, knowing they’ll win that money back over time. However, they can help new and nervous bettors try betting for the first time. Sportsbooks likely use these to lure the most cautious of new bettors in, hoping they’ll wager more after using these first site credits.
Ongoing Event Bonuses
Sports Betting Bonus No Deposit
Sports Betting Bonus Without Deposit
These are other small bonuses that are tied to specific events. BetMGM offers a deal where bettors wager $50 on college basketball and get a $25 free bet for college football. Little bundles like these help spread bets over all the events sportsbooks need money on.
How To Claim Online Sportsbook Bonuses In State
Claiming bonuses tends to be straightforward. First, bettors have to find the online sportsbook app they want to wager at. That’s as easy as googling the website or searching the app store. Keep in mind that some brands have state-specific apps. If the Colorado app is available, choose that one. And don’t mistake a daily fantasy sports app for a sportsbook. They’re not the same.
After that, bettors must register for accounts. Creating accounts is similar to any other website. However, sportsbooks require part or all of a bettor’s social security number. That may seem strange to new bettors. However, it’s part of an identity verification step that all licensed Colorado sportsbooks must adhere to. No one wants to award money to money launderers, after all.
Once bettors are registered, they just have to fulfill the first terms of the welcome bonus. That could mean different things for different bonuses and sportsbooks. For example, DraftKings and theScore Bet both offer $1,000 deposit bonuses. However, they have different ways to unlock the full bonus. DraftKings requires a large deposit upfront followed by a 25:1 playthrough requirement. But theScore Bet only requires a 20:1 playthrough. That means earning the full deposit bonus requires $5,000 less at theScore Bet than at DraftKings.
But risk-free bets come with their own terms, too. Their terms often hinge on the first wager. That means planning to bet big later is a poor strategy for fulfilling those terms. Read up on bonus terms before wagering if you want to take advantage of them.
Once the terms are fulfilled, bettors will find the bonus in their accounts. That could be site credits for additional betting or risk-free bets worth redeeming. Bettors should check their accounts and betslips if they’re looking for the rewards they reaped from their sportsbook bonus.
Colorado Sports Betting Bonus FAQs
21. While daily fantasy sports players only need to be 18, sports bettors must be a little older. This staves off a potentially thorny legislative issue. The idea of high school seniors gambling online is unsettling, even to gambling supporters. Raising the sports betting age got around that and likely helped keep mobile sports betting out of high schools.
Yes. Because bettors create separate accounts at each sportsbook, they can claim each sportsbook’s bonus. However, they can only claim bonuses once. Each sportsbook account is tied to a social security number. It’s hard to fake two accounts. Even if bettors could borrow a social security number, sportsbooks would suspend that account if they suspected that it was the same person. Sportsbooks have massive sets of data to use to identify duplicate accounts. Fooling them isn’t as easy as bettors may think.
Best Sportsbook Sign Up Bonus
Each playthrough requirement can differ from sportsbook to sportsbook. However, most of them are associated with deposit bonuses. After fulfilling the deposit requirement for a deposit bonus, bettors often have to wager their money to unlock site credits. They can take the form of fixed site credits per dollar wagered or a percentage of wagered dollars. Bettors must understand each bonus to learn how they wish to fulfill their playthrough requirements.
Bonus abuse is using multiple accounts to benefit from bonuses multiple times. Sportsbooks anticipate a certain return-on-investment from their bonuses. They expect to spend a little money to retain bettors over their full customer lifetimes. But those calculations assume one bonus per sportsbook. Any more than that is theft.
As long as bettors aren’t creating multiple accounts to profit from different bonus terms, then they’re fine. They can create single accounts at multiple sportsbooks, but creating multiple accounts at any sportsbook will get them in trouble.
DraftKings Sportsbook offers a $1,000 deposit bonus at a 20% match rate. If bettors deposit $100, they can earn up to $20 in site credits. However, bettors also have to use the money to bet. DraftKings requires its bettors to play $25 to earn each $1 of site credit. In the $20 example, a bettor would need to wager $500 for the bonus credits. For the full $1,000, bettors would need to play $25,000. Bettors are rewarded based on how much they deposit and play. As long as bettors are wagering at the pace they’ll normally wager, they’re getting a fair value of the bonus.
FanDuel offers a $1,000 risk-free bet to its new bettors. If a bettor’s first wager loses, then they’ll get site credits back equal to their losing bet, up to $1,000. Betting big on the first wager may be a good value for bettors with cash to spare. However, site credits are not the same as winnings. Bettors can withdraw winnings from their accounts. They cannot withdraw site credits. Bettors can only use site credits for betting on FanDuel.
Sometimes. Some sportsbooks require bettors to use their bonuses on bets with certain odds. Colorado sportsbooks usually set the minimum odds around -200. That way, sportsbooks don’t lose too much money giving away bonus credits and paying additional winnings. Each sportsbook bonus has its own terms, but this is the most common one. Bettors have to watch for these on risk-free bets more than anywhere else. Otherwise, bonus terms should be largely clear.
Sportsbook websites offer players a variety of exciting sportsbook bet bonus offers in a way to stand out in the online gambling market. You can benefit from all kinds of free bets, boosted odds promotions, risk-free bets, and many more. The sportsbook bonuses and promotions could really help your experience in playing online sports gambling such as earning more profit annually, this is why it’s very important to get as many promotions as possible.
Always keep an eye out for sportsbook bet bonus offers
When you consider the ever-growing size of the online sportsbook market it’s unsurprising that each of these providers will look to sweeten your experience with a good value bonus or promotion and as a result we’d suggest you take a keen interest in the bets offered.
Types of Sports Bet Bonus
Sign-up Bonuses
Sign-up bonuses or is commonly known as a Welcome Bonus gives players who are new to the website bonuses by just signing-up. You may receive a certain dollar amount for your free play in this bonus from the online gambling site. Most of the top sports betting sites provide an eye-catching sign-up bonus in an effort to sway new customers to play on their site.
Free Spins
The majority of online sports gambling sites also have their own casino sections, furthermore you’ll find that those offering both services are usually at the high-end of the quality spectrum. Some of them offer you free spins or a combination of the other bonuses to really entice you to sign-up for the sportsbook but it’s worth reading the small print to make sure you aren’t falling for meaningless offers. Despite your intention of just playing on the sportsbook, it’s still a good promotion since you receive a free spin for a casino game that you might want to play in the future, and we’d suggest you look at our casino reviews to find which are worthy of your attention.
Cash Bonuses vs. Free Play Bonuses
The difference between cash and free play bonuses is that on the cash bonuses, the bet you made using those will be returned to you via your winnings if you won. While the free play bonuses will not include in your balance the bet equivalent of the bet you made.
An example of free play is if ever you have a free play between teams and the minimum bet is $10, if you win, you get $10, not $20. But for free play, mostly it is applied with the casino’s slot games which some sportsbook also provides.
Matched Deposit Bonuses
This is sometimes also a part of the sign-up bonuses. You can get up to 400% of your first deposit as a bonus into your account for being a new player. Most top sportsbook provides players with 100% match up bonus for up to $100-$500. An example would be Sugarhouse Sportsbook NJ, they provide new players with a 100% match up bonus of up to $250. With that, if you deposit $250 in your first deposit, you get another $250 for you to use to play only.
No Deposit Bonuses
No deposit bonuses are bonuses that allow you to earn profit without losing money if you lose a bet. This is also known as a risk-free bet. This bonus allows you to have another go if ever you lose your bet after claiming this promotion. For example, you bet $30 but end up losing, you will still have your $30 in you for you to use but the second time will not be risk-free anymore. Winning a bet with a risk-free play means you don’t get the bet-credit amount, but that’s not bad, because it just means you just won!
Refer a Friend Bonus
Most online gambling sites provide referral bonuses for new players. A common referral sportsbook bet bonus is getting cash into your account for free for you to gamble after making your first deposit as a new player.
Existing players will also receive a bonus if they successfully invite their friend or someone and made their first deposit on the gambling site. It’s a win-win deal and this is why the majority of players truly want to successfully refer a friend to sign-up and play.
VIP and Loyalty Programs
VIP and Loyalty programs are being provided to players which have benefits to help you and better your experience in online gambling. This encourages players to stick to playing at their site. You can get loyalty or rewards points by betting on a sporting event, casino games, or virtual slots.
Players can exchange these points by free play or prizes. Some gambling sites offer players to buy merchandise in their store using the points.
Free Play Bonuses
Free play is the most common bonus being provided to players, especially for new ones. You get free access to bet on any event depending on the promotion but you won’t get the bet required amount as your winning. So if you got to bet $10 on a sporting event but you have a free play bonus for that then you only get $10 if you win, not $20.
Sportsbook Bet Bonus Promotions: The Golden Rules
- Firstly, never sign up for a sportsbook that offers no bonuses
- Secondly, read the instructions and guidelines of any bonus offered
- Thirdly, pay attention to the wagering requirements
- Fourthly, check out what casino offers are also offered by the sportsbook provider
- Also, if you are an existing user you may be eligible for reload bonuses
- Finally, stay clear of disreputable sportsbooks, we advise you stick to those offered on CasinoWatchNJ
FAQs
What Is The Best Sportsbook Bet Bonus?
The best sportsbook bonus would be the 100% match up first deposit bonus of up to $500. You get about $500 extra credit for you to play by making your first deposit if you deposit $500.
What Is a Free Bet Offer?
A free bet offer is basically a free play. You get to play the bet and if you win, you get the amount required to play. So if you got to bet $10 on a sporting event but you have a free play bonus for that then you only get $10 if you win, not $20.
Sports Betting
How Do Sportsbook Bet Bonus Promotions Work?
Most sportsbook bet bonus offers work by going to the site’s promotion tab and checking it out and reading the requirements and details of the said bonuses.
What Is a Betting Bonus?
A betting bonus is a credit of dollar value that you can use to bet. It is usually used to entice a user to register to a particular sportsbook and as a result is a bonus offer that is of moderate to high value. These bonuses usually amount to a welcome bonus and you’ll find our sportsbook reviews outline which are high quality offers worthy of your attention.
Why Do Sportsbooks Offer Sportsbook Bet Bonus Deals?
Sportsbooks offer this stuff to players so that you would enjoy your stay in their care. Promotions like these encourage players to keep playing at that site.