Colorado Online Sports Betting: A Complete Guide For All Beginners
Since May 2018, when the US Supreme Court overturned the federal ban on sports gambling, some states began to make way for sports gambling. It began officially in Colorado on May 1, 2020. This was six months after the legalization bill (known as Proposition DD) was approved. Since then, we have seen the introduction of many Colorado online sports betting sites. Like many other states, Colorado took the time to make the decision and made the legalization a gradual process. The approval of the bill authorized a 10 percent tax on the revenue earned by sports gambling operators.
The income generated from this will be used to fund the water project in the state. This article was written to guide anyone who is interested in sports gambling and online casino games in Colorado. They will find a detailed explanation on how beginners can choose a good gambling site and sports betting app. Also, available gambling options and policies regarding the use of players’ private information by gambling sites are included in this article.
Best Colorado Sports Betting Sites & Apps
How to bet online on Sports in Colorado
It is really easy to bet online on sports in Colorado. Players have to start by choosing a legal sports betting site and following the registration process. It is similar to the same process as in many other states. A convenient banking option also has to be selected for deposits and withdrawals. The available banking options vary with sportsbooks. Beginners often choose sportsbooks wrongly by making decisions based on enticing adverts.
Players may develop unrealistic expectations through these adverts. They end up becoming frustrated after having their expectations unmet. Also, many beginners choose illegal sites or sites with bet options not suitable for their bankroll. They ignore the fine prints on websites and go ahead to make bets. It ultimately leads to an unpleasant gambling experience. Thus, it is necessary to take time and consider many factors before starting your online gambling.
Most Popular Sports to bet in Colorado
The law guiding sports gambling in the state of Colorado allows bettors to place wagers on almost all sporting events. Colorado online sports betting sites are already offering bets on NFL, MLB, NBA, NHL, and NBS. The law allows the Colorado Gaming Authority to approve new sports gambling options as the market grows.
Betting on NFL is likely to become the King of sports gambling in Colorado soon. Professional football has always been the United States’ favorite sport to place bets on. The Denver Broncos has many dedicated fans and will be one of the most popular wagers in Colorado sports betting.
Baseball betting is also a steady option for sportsbooks. Usually, the MLB season starts in March from Spring Training to October. Denver’s professional baseball team is the Colorado Rockies. Since 2007, when the team qualified to play in the World Series, it has not made it there again. The team has faced some struggles to attain success in recent past years. Colorado Rockies hosts its home games in Denver at Coors Field.
Betting on basketball has continually grown over the years in the United States. Colorado has one of the strongest and steadiest teams of the last ten years in the NBA. The team, Denver Nuggets have consistently displayed brilliant performances.
Colorado might just be the most prominent state for gambling on the NHL. The hockey business is huge in Colorado, both on college and professional levels. The Colorado Avalanche is a promising team with a lot of young stars.
Colorado Sportsbooks also offer betting markets for the Major League Soccer. The state is represented by Colorado Rapids, a team that has existed for over 25 years.
How to choose an online betting site
It is usually easy for expert gamblers to choose a good sportsbook. But for beginners, it could be a difficult task, and they could make the wrong choice. There are different factors checked by experts before picking a site. Here are those factors for every beginner to consider:
Many real money betting sites provide different banking methods for bettors. This is to make it easy to deposit and withdraw money from their website. With the long list of many payment options available, players can choose which one works for them. It is always necessary to check the banking and payment methods available. If a player does not find a way, he or she can opt for another site with more options. Popular payment methods include Paypal, Check, Skrill, Credit/Debit Cards, Online banking, and ACH/eCheck.
Another important thing is to know if the gambling site is secure. Players can quickly get into trouble when they use an insecure website. They risk losing their payment details and private information to fraudsters. A legal sports betting site must use the HTTPS secure protocol to ensure the safety of players. This protocol ensures that data shared between users of the site receives full encryption.
Promotions and bonuses
Promotions and bonuses offered at a sportsbook are also other important factors to consider. Nearly all gambling sites will offer a form of welcome bonus for new members. Expert bettors take time to review bonuses offered by the sites before they register.
Members can get up to hundreds of dollars in free bets, cashback, welcome bonuses, and VIP programs. Free bets and welcome deposit bonuses are the most common kinds of bonuses offered to new players. Free bets are given by sportsbooks to new punters to make “risk-free” bets. For example, a player could get an offer for a free live bet up to $100. As the bettors make their first bets on the site, they might lose some money. The sportsbook reimburses up to $100 lost from his or her bets. Thus, if a bettor loses $80, the sportsbooks give back $80.
If any user loses more than $100, only $100 can be reimbursed. Also, this offer does not apply when a punter wins. Bettors who win collect their prize and move on. The deposit bonuses are mostly given by gambling sites offering online casino games. These bonuses can be used on many casino games and sports bets, as much as the site allows.
Gamblers can also play for real money and win with bonuses. Deposit bonuses usually come as match bonuses — a percentage to match the deposit amount. For example, if a bettor is offered 100% up to $400. He or she will receive a bonus amount equal to the amount deposited, but cannot exceed $400. If the player deposits $300, he or she will receive $300 as the bonus. If $500 was deposited, the bonus would not exceed the $400 limit. While the bonuses for new members usually serve as an attraction to gambling sites, other bonuses are meant to reward loyal players. Cashbacks, referral bonuses, reload bonuses, and VIP programs can be enjoyed by regular site users. Though bonuses and promotions seem exciting, they always come with terms and conditions. Gambling sites will still place limits like maximum wins, wagering requirements, a restricted number of games, etc. It is essential to check the terms of bonuses before claiming them.
Reputation and Legalization
A gambling site needs to maintain a good reputation. New users can easily find complaints and bad reviews online if a gambling site is not trustworthy. The new users check thoroughly to ensure the casino has had no issues in the past. For this reason, most gamblers prefer to use gambling sites that have been available for some time. New gambling sites will rarely have reviews online, and one may not know how reputable they are. Another way to check the reputation of gambling sites is to know the license under which it operates.
A gambling license is usually a prerequisite for sportsbooks and online casinos to operate in different jurisdictions. It is usually given by a gaming authority that covers that jurisdiction or region. These gaming authorities keep gambling sites in check and regulate their activities.
Licensed and regulated gambling sites are answerable to the gaming authorities they operate under. Disputes can be settled between punters and the operators of the website if any arises. Also, the license a site holds determines its legality in different regions. Colorado online sports betting sites have to be licensed by the Division of Gaming and the Colorado Limited Gaming Control Commission. Some other top gaming regulators in the world include Malta Gaming Authority, Gibraltar Gambling Commission, and the UK Gambling Commission.
A good gambling site must have a professional support team. There are different ways gambling sites offer customer support. This includes email, live chat, contact forms, FAQ, telephone, and social media supports. Most punters love to find the live chat available, especially when it is 24/7. They can easily contact the operators and get answers to their questions immediately. Having a FAQ page is also important as it will eliminate the need for punters to contact the support team since they have already found answers.
Choice of games
Gambling sites offer different bet options, including sports, e-sports, and online casino games. Punters who enjoy playing games will always consider the number of games available at a site before signing up. Some popular casino games featured on many gambling sites include legal online poker, blackjack, roulette, slots, craps, bingos, and more.
People who enjoy mobile sports gambling are always ready to download apps to their devices. They can always make use of the sports gambling app to place wagers easily without having to visit the site. Casino websites that offer sports gambling also make apps available. Most of the gambling sites apps are designed to work on iOS and Android devices.
Gambling sites operate on software provided by different developers such as Evolution Gaming, NetEnt AB, NYX Gaming Group Limited. They are well-known gaming software providers that develop top-quality games and gambling products. Players can always check the software on a gambling site to know how good the platform will be.
Best Colorado Sports betting app
The sportsbook started in August 2018 with mobile gambling in New Jersey. Today, it operates in about seven states, including Colorado. It offers an attractive deposit bonus up to $500 + $500 Risk-free bet to new users. The casino is legal in the United States. DraftKings accepts most of the popular payment methods. It holds all the important Colorado sports gambling licenses.
Fox Bet Sportsbook is currently available to punters in Colorado and two other states. It was formed as a result of the partnership between the FOX media group and The Stars Group. Both companies had come together to expand legal gambling on sports across the US. Players can get up to $1000 as a welcome bonus on Fox Bet. It comes in two forms $500 match bonus and $500 risk-free bet. The sportsbook is safe and legal in Colorado. It offers 24/7 support for users and a detailed FAQ section.
PointsBet began in the US in 2019. The mobile app is one of the most user-friendly apps for players. It provides a form of spread betting that makes it unique. Bettors are given two welcome bonuses, which are risk-free bets up to $1,000 after the first two bets. There are other promotions, such as random booster odds and early payouts. The mobile sports betting app allows payment in four different methods. It is safe as it is licensed and regulated by the necessary authority. It offers support via phone, live chat, and email.
Founded in 2009, FanDuel has become one of the best sportsbooks in the US. It started as a fantasy sports site but now offers sports gambling. The sports betting app was launched in 2018 after being authorized by the New Jersey Division of Gaming. It currently offers mobile sports betting in 4 other states apart from Colorado. New players are welcomed with a risk-free bet up to $500. There are different payment options on FanDuel, and the transactions are safe. It also offers casino games but in New Jersey and Pennsylvania only.
BetRivers’ sportsbook was launched in 2018 but offered mobile betting in 2019. It currently accepts players from Colorado and three other states for mobile gambling. New members are offered a bonus of 100% up to $250 as the welcome bonus. There is also a VIP program for loyal users of the app. It also offers many casino games to players in states that allow online gambling. There are five different payment methods bettors can use to make deposits. Placing bets at BetRivers is safe as it is licensed and regulated.
Sky Ute Sportsbook
Sky Ute is a result of the partnership between the Sky Ute Casino Resort in Ignacio and USBookmaking. It offers different gambling options, including NHL, CFB, Golf, NASCAR, and many others. It offers any welcome bonus to players at the moment. Also, deposits and withdrawals can only be made with a Play+ account at the moment. But the sportsbook is licensed and can be used by people in Colorado.
At the moment, Barstool Sportsbook is yet to be launched, but the brand has been licensed to operate in Colorado. It promises to offer many sports gambling options and attractive features.
Keeping your private information safe on sportsbooks
Sports gambling sites usually demand some personal information from users. Punters may have to fill in their names, addresses, telephone numbers, and other private information. These data are relatively safe when entered at trustworthy and reputable sportsbooks. Fraudsters still have some methods of extracting private information and stealing identity. So, players have to take steps to protect their information even if they trust the sportsbook. Here are some simple things punters should know to keep their data safe.
- Only a reputable casino or sportsbook should be used.
- Sportsbooks private details should not be shared with anyone
- Sportsbook account details should not be written anywhere.
- Sportsbook Support Staff will never request for users’ login details.
- Different passwords should be used for different online accounts
- Bettors should always sign out after each gambling session.
How to get a license for a sports betting site in Colorado
Sports gambling and casino operators are licensed by the Division of Gaming and the Colorado Limited Gaming Control Commission. There are different license categories: Vendor Major, Vendor Minor, Associated Business, the internet sports betting operator, the Sports betting operator license, and the Master license.
Different fees are charged for each of the licenses. The master license is the most important one. It permits the holder to operate a retail sports gambling site. All sportsbooks that want to operate in Colorado must partner with a land-based casino. Interested operators may complete the betting business application form which can be downloaded from the Colorado official website. Here is a summary of the main points of the Colorado online sports betting rules.
- Punters should be up to 21 years and must be physically in Colorado to bet.
- Sports gambling revenue is taxed ten percent.
- Gambling on High school sports is prohibited
- Gambling on e-sports is not legal. However, bets can be placed on video games that are approved by any sport’s governing authority.
- Proposition bets cannot be placed on college sports.
- There’s room for mobile gambling.
What Types of Sports Bet does Colorado offer?
Beginners may not find it easy to choose a type of sports bet. Here is a brief explanation of Colorado online sports betting options.
- Single-game bets
This is a kind of bet done on one match or one sports event. It could be on the points spread or the game-winner, but it is just for a single match.
- Teaser bets
This allows bettors to combine bets on two different games. Bettors are allowed to change the point spreads for each match, but it reduces the odds on bet.
These are a series of bets which are connected. The prize is only paid when all legs in the parlay win. If a player makes a parlay bet on six matches, he or she must currently predict the winner in the six matches. If anyone the teams lose, he or she loses the bet.
Here you predict the total score of both teams playing the match.
Moneyline bet requires you only to predict the winner of the game.
- In-game bets
These kinds of bets are made after the match has begun. They depend on real-time data, usually available only to regulated sports betting operators.
- Proposition bets
Proposition bets are predictions of different possible happenings in a match. It could be specific to a player or the match itself. Punters can predict whether a particular player will score or not, or whether the match will extend into extra times. There are many other options available.
- Straight bets
In straight bets, punters wager on single games that could carry a money line, point spread, or a total.
View our guide to legal online sports betting in the following states:
Is sports betting legal in Colorado?
- Yes, sports gambling in Colorado began in May 2020 and is completely legal.
Do I have to be live in Colorado to bet?
- You have to be physically located within borders of the state, but you do not need to live in Colorado to make bets on gambling sites licensed by the State.
Can I bet on high school sports in Colorado?
- The law does not allow placing bets on high school sports.
Should I be 21 years old to have the right to bet?
- Yes, you have to be 21 to participate in Colorado online sports betting.
What sports can’t I bet on in Colorado?
- You cannot bet on high school sports, on college games and e-sports.
What are Colorado sports betting tax rates?
- Sportsbook operators are taxed 10 percent of their revenue.