Best Colorado Betting Bonuses
There is no doubt that some degree of subjectivity is required when rating the best Colorado sports betting bonuses. This is because every player has varying needs and priorities. However, some types of bonuses are better than others because of different features. In my view, the best Colorado sportsbook offers should have the following features:
- Generous: The available betting bonuses should be able to boost the player’s bankroll. Some leading legal sports betting sites in Colorado have decent free bets to help new customers to help them jumpstart their gambling career.
- Have fair terms and conditions: Each sportsbook betting offer has terms and conditions that regulate players how they should use the offers. If you are an ardent bettor, you will agree that offers with fair terms of use tend to attract many customers than those with very strict rules.
- Easy to use: Another feature of the best sports betting bonus offer is the ease to use. The process of claiming the offer should be simple and straight for players with all experiences – new and veterans alike.
- Low wagering requirements: This is the number of times a bonus should be wagered before withdrawal. A good bonus should have a low wagering requirement to boost the payouts.
- Applicable to different sports: Since online sports betting sites have a variety of bonuses, you need to select one that is applicable to all available markets.
- Available for all platforms: Many sports betting sites in Colorado are designed to work on different platforms like smartphones, tablets, and personal computers. I highly recommend betting that can be accessed from all devices.
CO Bonus Types
Now that you know what defines good sports betting bonus offers in Colorado, you need also to understand the different types of bonuses available for Colorado bettors. As you may be aware, sportsbooks bonuses come in a variety of flavors. The offers will vary when it comes to scope, usability, terms, and more.
In this section, I have provided you a list of popular bonus types, terms and conditions, and how to meet those attached terms of use.
No Deposit Bonus
This is probably one of the sweetest bonus types enjoyed by all players. Typically, this is free money that the sportsbook deposits in your account upon registration. You will hardly see a no deposit bonus in the form of free bets or hard cash. In many cases, you should wager the bonus a number of times before it is eligible for withdrawal. Note that new players have to sign up to trigger the bonus.
Deposit or Match Bonus
Like the no deposit bonus, there are many deposit or match bonuses that you can claim when betting in Colorado. However, you should understand that the deposit bonuses work differently. With a deposit match bonus, the operator must match part of your next deposit into your sportsbook account. Though the match percentage can go over 100%, many bookmakers match around 25% of the deposit.
For instance, a bookie may reward a 100% up to $500 deposit bonus. This means that you can double your deposits up to $500.
These types of offers come in the form of bonus dollars, and you cannot withdraw immediately. Additionally, they have playthrough requirements you need to meet in order to be eligible to cash out.
Insurance Bonus
When it comes to gambling, you must be prepared to lose or win. The good news is that some leading Colorado sportsbooks give insurance on specified bets to encourage players to take the risk.
Normally, the operator will list all bets that are eligible for a refund. In the case where a bettor wins, nothing is done, but if the bet is lost, the sportsbook refunds the wagered amount.
The downside with the insurance bonus is that it works only up to a certain amount. This means that you cannot get a refund for any amount that you wager above the maximum.
Cashback Bonus
The cashback bonus works more or less like insurance offers. The difference is that cashback bonuses are broader and only cover bets with short timeframes. With this offer, the more money you wager on sports, the higher the amount you expect from the sportsbook. Nonetheless, this bonus may not be awarded to all customers.
The size of the cashback bonus will vary between 5% and 25%, depending on the sportsbook. Also, they are set to be active for a period of time, such as daily, weekly, and monthly.
For instance, you place a bet of $50 and lose; the weekly cashback bonus is 10%, meaning you’ll get a cashback of $5.
Occurrence Bonus
An occurrence bonus provides the best way for you to increase your bankroll. If you choose to claim this bonus, you will get a payout every time an event happens in a game. Depending on the agreed terms and conditions, a $1 may be added to your account every time there is a goal, basket shot, or a touchdown.
Colorado Odds Boost
Odds boost is a popular special promotional reward, whereby the odds of a match are increased to make it more attractive to customers. For instance, if a team has odds of 225 at the start of the match, it may be increased to 230+ odds.
In simple words, if you opt for this bet type, you have the chance to win more without taking additional risk.
Leaderboards Offers
Though leaderboards promotional bonuses are common in online casinos, they can still be found in some top Colorado sports betting sites. You are rewarded based on the amount and frequency of the bets that you place. With this offer, you mostly compete with other punters depending on the established system.
Here, the logic is simple: the bigger the wagers and the more points you get. Usually, the leaderboards may run for a week or month; then the operator rewards the top point earners.
Sweepstakes Offers
The sweepstake offers are less common in sports betting sites. Regardless of the platform, sweepstakes are rewarded as entries to a prize draw, depending on the wagered amount.
The operator then draws an overall winner randomly from the pool at the end of a certain period of time. The prizes in this offered range from cash to trips and gift cards. Moreover, you can claim sweepstakes even on events like the Super Bowl.
Free Plays
In some cases, you don’t take risks with any of your money to benefit from bonuses and promotions. The reason for that is the free play offers are available throughout Colorado state sportsbooks. Some operators create free-to-enter contests for all. Even though the money may be small in some sportsbooks, there is no harm in claiming the rewards.
Mobile Bonus
A mobile bonus is not very common in the sports betting world. You can claim the mobile bonus even if you are not new to the site. In fact, some sportsbooks will reward you when you download their mobile betting app either for Android or iOS.
Loyalty Bonus
Some Colorado online sportsbooks reward customers with their loyalty bonuses for staying around and wagering for a long time. The good thing about loyalty perks is that they have more free bets, higher cashbacks, and additional deposit bonuses.
However, like other bonuses, you should meet certain terms and conditions before you can withdraw winnings. Of course, loyalty bonuses vary in size, depending on the sports betting site. So, you must check and evaluate the offers by yourself before jumping into a site.
Factors to Consider Before Claiming Betting Offers in CO
Did you know that sportsbook offers are not created equal? Like selecting a good sportsbook, choosing bonuses requires you to follow a procedure and consider several factors. It is not all about getting free offers. You need a bonus that doesn’t require you to risk any of your hard-earned money. So, what are some of the factors to consider when sourcing the best Colorado sportsbook bonuses?
Eligibility
Are you eligible to claim the bonus? Just because a bonus is being offered doesn’t mean that you automatically qualify to claim it. You need to ensure that you meet all the qualifications. Depending on the type of bonus, you may also need to be a new customer to qualify.
General Terms and Conditions
While there are many types of bonuses one can claim, it is essential to understand that each one of them comes with unique terms and conditions. I strongly recommend that you read these terms and conditions to find out the small requirements you must fulfill before cashing out the profits.
Minimum Deposit
Different betting bonuses, such as the match deposit, require you to deposit money to claim the reward. Many sports betting sites state that you should deposit a certain minimum amount to qualify. This can vary anywhere between $5 and $10, but it can go as high as $20.
Generally, the lower the minimum deposit, the more advantage you get over the betting bonus. This is essential if you consider some conditions that are applied to bonuses by many Colorado sportsbooks, like the playthrough requirements.
Maximum Winnings
The maximum winning is commonly applied to free bets. Some online sports betting sites will place a cap on the amount you can win when you use free bets. The reason you need to be careful is that this information is not always included in the bonus’ terms and conditions.
However, some sportsbooks will include a line like, “All general terms and conditions also apply.” You may only learn about the cap on every betting site when you opt in to the T&Cs. The good thing is that most sportsbooks cap winnings for free bets and bonuses often include a generous cap of about $10000.
Rollover Requirements
Many online sports betting bonuses have wagering requirements. This requires customers to wager their bonus money a set number of times in order to redeem them and be able to cash out.
For instance, if a bonus has a 20x (times) wagering requirement, it means that you must wager the bonus amount 20 times before you can withdraw. If you are a high roller, you will have to wager higher amounts to withdraw your winnings.
Odds Restrictions
At many times, odds restrictions also apply to sportsbook bonuses. The odds restrictions limit customers from placing wagers with specified minimum odds to enable them to count towards redeeming your bonus funds.
Note that some betting sites have stricter odds restrictions than others, which makes it harder to convert your bonus into real money.
Time Limits
When it comes to deciding whether or not the bonus is good for you, the time limit is often the deciding condition. Redeeming a $500 risk-free bet by wagering that amount 20 times might seem reasonable if you are given 90 days to wager. But if the terms and conditions state that you claim the bonus in 7 days, this may end up being difficult for many punters.
Covered Sports
Some Colorado betting sites limit the number of sports covered by the bonus. You need to know which sports are eligible for the bonus or promotion before you claim it. It is beneficial to select bonuses that include all the sports offered by the bookmaker.
Always Check if The Bookie is Legal
Last but not least, the general reputation of the betting site should determine whether or not to claim the bonus. You must claim your bonus from a legal sports betting site that is fully licensed and regulated.
Also, the selected betting site should be safe and secure to transact. As a licensed promoter, I review all the legal online bookies in the state of Colorado and evaluate their offers. Therefore, if you like their offers, you can claim them with a mind at peace.
How to Claim Sportsbook Offers
So far, I have talked about identifying different types of Colorado sportsbook offers and some of the factors to consider before claiming. But one vital question still remains unanswered: How do you claim sportsbook bonuses? To help you get a better understanding of claiming sportsbook bonuses, I have broken it down into steps for you.
Select a Legal Colorado Sportsbook
When selecting the best betting site, you should not be taken by the many bonuses that are available. You should consider other factors like security, support, bonuses, wagering terms, and others.
Here, I review all the licensed and regulated online bookies in the state. Therefore, the readers can check out reviews for accurate information regarding the safety and legality of a bookie.
Comparison of Bonuses
Make sure you compare how the offers work before you decide if it is suitable for you. Today, players can check my reviews for comparing the bonuses and learning the details about the offers.
Sign-Up to the Bookmaker
Once you compared the bonuses and selected your preferred Colorado sportsbook, you need to create an account and verify it. You will need to provide personal details like email, name, phone number, and address before that account is verified. Registration may take between 1 and 2 minutes, depending on the betting site.
Make First Deposit
As earlier mentioned, some sports betting sites require you to deposit a certain amount of money to trigger the free bet. Ensure that you need the bonus’ minimum deposit amount as well. Normally, the deposited money gets into your account instantly.
Pros and Cons of Sportsbook Bonuses in Colorado
So far, you have learned about what kind of sports betting offers there are in Colorado and how to claim them. Here, I listed some simple pros and cons that will help you to pick the best ones.
The Pros
- Sports betting bonuses can be a great way of increasing your profits with minimal risk.
- Colorado sportsbooks offer a wide variety of bonuses, making it easy to select your preferred one.
- Bonuses and promotions make betting to be more fun.
- Most of the betting bonuses are available to use in multiple sports.
The Cons
- Some wagering requirements are too high.
- Sometimes the bonuses terms and conditions may not be clear.
- Many sports betting bonuses are limited to a specific timeframe.
Conclusion
Colorado online sports betting has been wildly successful since its legalization. Although online betting is getting relatively popular, many leading operators are ready to welcome new customers.
Today, online sports betting fans can choose from a range of sports, including football, volleyball, basketball, hockey, and more. Besides the different types of sports being available, punters can also claim decent bonuses with fair terms and conditions.
Be sure to read my guides and reviews, and select your top Colorado sportsbooks. Then claim your bonuses and start enjoying your bets immediately. And always remember to gamble responsibly.
FAQ
Is there a sportsbook in Colorado?
Yes. There are many legal online sportsbooks in Colorado that are fully licensed and regulated by the governmental bodies.
Can I bet online in Colorado?
Yes. You can bet online at different sports betting sites in Colorado.
Is FanDuel sportsbook legal in Colorado?
FanDuel sportsbook is a legal sportsbook in Colorado as it is authorized by the Colorado Department of Revenue Division of Gaming.
Which sportsbook has the quickest payouts?
Most of the online sportsbooks in Colorado offer quick payouts. You can learn details for every bookie in my comprehensive reviews.
