Best Colorado Sportsbooks

Who doesn’t enjoy the thrill of wagering on sports from their home computer? For a select group of people, betting on sports can be a hobby; for the rest, it can be an activity to help pass their time. Choosing the best Colorado sportsbooks will benefit you regardless of which category you fall under. When you visit an online betting site for the first time, it may seem like there are more options than you can fathom. We have reviewed the best online sportsbooks in Colorado so it’s time for you to gear up and enjoy your betting expedition. 

Online Sportsbooks in Colorado

Sports betting is a pretty big industry in Colorado, but it can be hard to know where to start with so many sites to choose from. We understand that it’s a complex issue, and we’ve done extensive research when it comes to finding the right sportsbook for you.

We’ve reviewed various betting sites in Colorado, including the very best offshore sportsbooks that are available. Whether you’re looking to place a bet on your favorite team or wager on a sporting event happening anywhere in the world, we offer plenty of options for Coloradans who like to gamble.

Betting Options

The state of Colorado is known for its love of the outdoors and its sports teams. Sports betting has become more widely legalized, so too have the number of real money online sportsbooks in the state and based overseas as offshore sites, and the number of options for residents to gamble on. In our opinion, some of the best betting options are listed below.

Moneyline Betting

Moneyline betting provides the simplest way to engage with a sportsbook. To place a moneyline bet, you need to pick the team or competitor that you think will win.

You can find moneyline betting options for almost every sport, but Colorado bettors have access to some of the most significant leagues in the country. For example, football moneylines let you pick between two teams in any week of the NFL season, and baseball moneylines can be found for every game across Major League Baseball.

If you’re looking for something less popular (and maybe a little easier to predict), there are also moneyline options in soccer, basketball, hockey, and golf.

Moneyline betting is a simple but highly effective way to bet on sports. You are just picking who will win the game or match. There is no point spread, and you don’t need to worry about any other factors. If there is a plus (+) next to the team you are betting on, that means they are the underdog and aren’t expected to win. The plus indicates how much money you would win if you wagered $100. On the other hand, if there was a minus (-) next to the team you are betting on, it means they are favored to win. That minus sign shows how much money you would have to wager to win $100.

For example, if Denver Nuggets were -150 favorites over Minnesota Timberwolves, a $150 wager would win you $250 ($100 for original stake, and $150 profit). Timberwolves would be +130 underdogs in this instance because a $100 wager would return $130 ($30 for original stake, and $100 profit).

Live Betting

Live betting is a relatively new feature for online sportsbooks in Colorado. Live betting is also referred to as in-play betting or in-game betting.

This type of betting allows sports bettors to place bets on games already begun. Most of the time, live bets are placed on aspects of the game, such as which team will score next or if a team will score at all during a specified period.

To participate in live sports betting in Colorado, you must be at least 21 years old and physically located within the state’s borders when you place your wager.

Spread

When we were reviewing the best sportsbooks to play at, we found that many of them offer spread betting. Spread betting is an exciting way to wager on different sports, even if you aren’t familiar with the league or game.

You can increase your chances of winning by doing some research before placing your bets and knowing the type of spread bets offered at the sportsbook. Knowing what type of bets are available will help you determine what to bet on when playing at a sportsbook that offers spread betting.

Total Bet

A total bet is a new way to bet on sports in Colorado. It’s the first of its kind, and it lets you combine different types of bets so you can win more money.

With a total bet, you can choose between 3 different types of bets: point spread, moneyline, and over/under. You pick two options from each category and combine them into one bet that pays out big!

Future Bet

Future bets are most often used in sporting events, but you can also place bets on things such as the winner of an election or which teams will make it to the final rounds of March Madness.

For example, if you think the Denver Broncos will win the Super Bowl this year, you can make a bet at a sportsbook now and lock in good odds. If they win the Super Bowl, the sportsbook will pay out your winnings when the event ends.

Prop Bets

If you’re unfamiliar, prop bets are wagers on events that are not directly tied to the outcome of a game. Prop bets can be about anything – well, almost anything. Prop betting is easy. Place your wager on any one of the many propositions listed by an online sportsbook.

But how does it work?

Here are some examples of prop bets that might interest you:

• What color Gatorade will be dumped on the winning coach in Super Bowl LIV?
• How many times will Donald Trump tweet during Monday Night Football?

Parlay Bet

The Parlay bet, also known as an accumulator, is one of the most popular forms of sports betting. Rather than focusing on one team or game, a parlay bet allows bettors to combine several bets into one larger wager. The potential payout is much higher, but the odds are reduced because each bet needs to hit for the whole thing to win.

Parlay bets can be added together to create a super parlay, which has even more potential rewards (and with it, more risk).

Colorado Sports Leagues and Sports Available For Betting

The state of Colorado has recently passed a law allowing sports betting, which is predicted to bring hundreds of millions of dollars in revenue to the state. Here’s a list of the professional sports and leagues you’ll be able to bet on in Colorado sportsbooks.

• NHL Sportsbooks
• NBA Sportsbooks
• NFL Sportsbooks
• MLB Sportsbooks
• Soccer Sportsbooks
• UFC Sportsbooks
• Golf Sportsbooks
• Tennis Sportsbooks
• NASCAR Sportsbooks
• Boxing Sportsbooks
• College Football Sportsbooks
• March Madness Sportsbooks
• Horse Racing Sportsbooks

Colorado Sportsbooks Promotions and Bonuses

The state of Colorado has recently legalized sports betting. This means that any state resident over the age of 21 can place bets on any professional or collegiate sport, including horse racing.

We found that Colorado state laws allow sportsbooks to offer extra benefits to their customers to entice them to use their platform. This is an incredible way for new users to get started with online wagering platforms. Some of the offers you can expect to find include:

• Free bet offers – Free bets are exactly what they sound like. They allow you to place a free wager on your favorite sport. Some free bets will match your first bet dollar for dollar, while others might cap the maximum amount you can win from your free bet.
• Risk-free bets – In some cases, if you make a wager that ends up losing, you’ll get your money back in the form of a bonus or a refund.
• Deposit matches – These are percentage match bonuses that increase your bankroll when you make your first deposit into an account.
• Referral offers – Refer friends or family members to sign up at the sportsbook and get rewarded! This can take the form of cash rewards, free bets, or other perks like gift cards or merchandise.

Withdrawals and Deposits at Colorado Online Sportsbooks

Payment options can vary depending on the sportsbook you choose. The sportsbooks we reviewed offer various payment options, including credit cards and online payment services like PayPal. Some of them accept cash payments as well. Below are some of the common payment methods offered by most sportsbooks.

Credit Cards and Debit Cards

Almost all sportsbooks allow players to either pay with credit or debit cards. This is an excellent advantage for those playing sports betting in Colorado, as the deposits are fast and quite convenient.

Prepaid Cards/Play+

You can now make deposits using Prepaid Cards and Play+ to fund your sportsbook accounts. Select either Prepaid Card or Play+ from the payment options when you are ready to make a deposit. These methods are available in both the retail and online environments in Colorado.

PayPal

PayPal is an online payment processing company that has become one of the most popular methods for depositing and withdrawing at sportsbooks in Colorado. Using PayPal betting sites has become hugely popular in the sports betting community.

Online Banking

Online Banking is a service that allows you to make transactions online through a bank account or credit card instead of in-person at a physical location. You can transfer money between accounts and deposit funds into an account located anywhere around the world with no fees associated with each transaction you make.

PayNearMe

PayNearMe is the easiest way to pay at Colorado sportsbooks because you don’t need to put in any personal information or bank account details—you show up in person, pay with cash, and play on!

Cryptocurrency

Cryptocurrency has become a popular method of funding your online betting account. In particular, Bitcoin betting sites have become extremely lucrative amongst the community, especially from those using offshore sportsbooks.

How To Register and Place a Bet?

Colorado has legalized sports betting in the state starting November 2019. You can start betting on any sportsbook that operates in Colorado. After reviewing the best sportsbooks, we’ve put together common steps on how to register and place a bet at popular Colorado sportsbooks:

• Create an account on your chosen sportsbook by providing your personal information, including ID/passport number, address, and age verification (you must be at least 21 years old).
• Place a bet by selecting markets and events from the sportsbook’s website.
• Check the result of your bet and get the winnings if you guessed correctly.
• Enjoy betting on Colorado sportsbooks!

Features of Sportsbooks in Colorado

Colorado is one of the latest states to legalize sports betting, and we’ve already seen several sportsbooks launch. Betting on sports has never been easier, with so many sportsbooks at your fingertips! We reviewed some options available for you in Colorado.

• Online apps: Sportsbooks in Colorado don’t just have websites—they have apps too! You can download them onto your phone and place bets from anywhere. Want to bet on a game while you’re at the game? No problem!
• Easy sign-up: Getting an account is as easy as filling out a few fields. Most websites ask for your name, email address, and phone number. Some may even offer bonuses for signing up or making your first deposit.
• Customer support: Sportsbooks in Colorado are committed to helping you with any issues or questions about their service. They want you to know they care!
• Withdrawing winnings: If you win big, most sites will allow you to withdraw your earnings by sending them to a bank account or PayPal account within 24 hours. This makes it easier than ever before for fans of gambling.

Conclusion

We’ve outlined the benefits of sportsbooks and what they provide to their customers. All the information provided in this article is accurate and ideal for your sportsbook endeavors. If you’re looking for a place to wager, go through our list so you know what to expect from the best sportsbooks.

FAQs

Does Colorado Allow Sports Betting?

Colorado does allow sports betting. Residents can place bets in person or online at offshore sportsbooks.

Is Colorado A State That Regulates Sportsbook Sites?

The Colorado Division of gaming regulates sportsbook sites and other gambling operations in the state. The organization comprises several different departments, including the Licensing Department, which licenses all operators who want to offer gambling services in the state. These operators include casinos, card rooms, horse racing tracks, and more.

Are There Any Requirements for Colorado Sports Betting?

In Colorado, you have to be at least 21 years old to place a bet on any game or sporting event. You also need to be physically located within the state’s borders. These requirements are in place to prevent underage gambling and ensure that bets are placed in-person within the state’s borders.

There is no residency requirement associated with Colorado sports betting, nor is there an education requirement. So long as you meet the age and location requirements, you can place a bet on any game or sporting event you like!