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Home > Best Sports Betting Bonuses in Colorado

Best Sports Betting Bonuses in Colorado 2024

Last Updated on February 16, 2024
Fact checked by: Chris A

Looking for deposit bonuses in Colorado? You’ll find the best CO sports betting bonuses in this article!

Finding a Colorado sportsbook offering the best bonus deals can be very easy provided you follow the right channel. Today, dozens of betting sites offer generous bonuses. What makes a betting bonus a good deal depends on several factors, including wagering requirements, a deposit amount required to activate the offer and other conditions that might affect your gameplay.

So far, the Gambla team has explored the length and breadth of Colorado to compile the best betting bonuses. You will find all the details as you read this article.

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BetMGM
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4.7/5
  • Great Sportsbook
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  • All US Major Leagues
BetMGM Bonus
Bet $5 Get $150 Instantly in Bonus Bets
Virginia
Players from Virginia accepted
T&Cs apply, 21+
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Bet365
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4.7/5
  • World’s Biggest Betting Company
  • Amazing Sports Product
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Bet365 Bonus
First Bet Safety Net up to $2000 OR Bet $5 and Get $150
Virginia
Players from Virginia accepted
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1 – 10 Days
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At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $2000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
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FanDuel
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4.6/5
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Bet $5 Get $150 in Bonus Bets
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Players from Virginia accepted
T&Cs apply, 21+
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DraftKings
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  • Award Winning Sportsbook
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No Sweat First Bet up to $1,000 + All-Customer SGP Insurance
Virginia
Players from Virginia accepted
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BetRivers.com
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4.5/5
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100% up to $500
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What’s a Sports Betting Bonus?

A sports bonus is a promotional incentive a sportsbook offers its members. Across different platforms, you will find many deals. However, the classification depends on who is entitled to receive the offer, the requirements to unlock it, and the intended purpose of the offer.

For instance, many sports betting bonuses target new members. It could be a deposit bonus, no deposit bonus, free bet, odds booster or a risk-free bet. The purpose of the offer determines who is best suited for it.

Ultimately, the most crucial aspect of any sports betting bonus is the wagering requirement and other terms & conditions attached to the offer.

What Kinds of Sports Betting Bonuses Can I Claim?

In most cases, there are dozens of promotional offers on a sportsbook. However, it is best to check the conditions of the offer before jumping at it. If the bonus is difficult to redeem, then there is no point in wasting your time. So, you must plan before opting for any bonus deals.

Across different sportsbooks in Colorado, the most popular bonuses include risk-free bets, odds boosters, no deposit bonuses, free bets, and deposit bonuses.

top co betting sites with deposit bonuses

Free Bet

Free bets are simple but beneficial promotions at any sportsbook. Some bookies offer free bets as part of the deposit bonus. In that case, you need to deposit an amount to unlock it. Others provide it as a standalone deal, and that’s the best one.

The most common type of free bets are those offered on special match days like the World Cup Final or the NBA Playoffs. The amount is usually small, between $5 and $20. However, it allows users to place bets on specific sports without risk.

Free bets are available for a short time, mostly for the duration of the game. For example, if a Colorado sportsbook offers a $20 free bet on a playoff final, the offer ceases to exist once the game kicks off. It also comes with some wagering requirements, although not as stringent as those applying to deposit bonuses.

Deposit Bonus

Practically every top betting site in Colorado offers a deposit bonus. Unlike free bets, it requires a financial commitment from the player. Usually, the qualifying deposit is $10 to $20, and few sites go above that range.

To claim a deposit bonus, you must reregister on the site and verify your account. Afterward, select the offer from the drop-down menu and follow the instructions. Some sportsbooks have restrictions regarding banking methods. For instance, deposits via Skrill and Neteller may not qualify you for the offer. So, check this before deciding on the option to use.

A typical deposit bonus might read “100% matchup bonus of up to $200”. It means your deposit will be doubled, with the final bonus amount depending on your deposit amount. So, even when the minimum is set at $20, if you deposit $50, you will get an extra $50, making your total $100. However, you cannot exceed the $200 limit.

It’s also important to check the wagering requirements and other restrictions. In the example described above, if the site’s wagering requirement is 50x, you must wager the sum of your deposit plus bonus ($50 + $50 = $100) 50x. It equals $5,000, which is very high.

No Deposit Bonus

No deposit bonuses, as the name suggests, do not require players to make any deposit. Only very few sportsbooks in Colorado offer this kind of promotion which does not come as a surprise.

Most times, the offer is unlocked after registration. So, once you complete the verification process, the stipulated amount will automatically be added to your account. The idea is to attract new players and get them to sign up and complete the process as fast as possible.

Sometimes, you may be required to enter a unique promo code. Once the process is complete, the amount will be added to your account.

Unfortunately, nothing is free. Rollover requirements applying to no deposit bonuses are relatively higher than in other promotions. So, ensure you check them before claiming the offer.

Risk-Free Bet

A risk-free bet is simply a form of insurance that allows players to protect their original wager amount if it settles as a loss. In other words, it grants a refund. So, if a sportsbook offers a 100% risk-free bet, you will get your entire stake on the losing bet. If you win, you can keep your winnings.

The promotion is mainly available to new members. It is suitable for testing a new sportsbook or exploring new markets without fear. However, requirements may vary. So, always check the conditions of the free bet deal before you opt-in.

Odds Booster

Odds booster is sometimes called enhanced odds or price boost, and it is as simple as it implies. It is a type of promotion where the odds on selected games are enhanced to improve the player’s payout.

For instance, let’s say the Colorado-based NFL team Denver Broncos is playing at home against Kansas City Chiefs. The regular odds for the home team to win might be +300. So, with a bet of $100, the player would win an additional $300 if the Broncos win the game.

 

However, a typical Colorado sportsbook may offer an additional incentive considering it’s a home-based team playing the game. If the odds get boosted to +350, the same bet of $100 will return $350 instead of the standard $300.

Odd boosters are very popular among bettors. However, they are available for a limited time. So, before you place bets, you can check the boosted page to see if any games are currently listed. As always, there are terms and conditions. So, always check to ensure compliance.

How to Use Sports Betting Bonuses in Colorado

As we have mentioned many times, before claiming any bonus, there are steps to follow. You can make a checklist of the things you need to do. In the next section, we share tips on how to use sports betting bonuses in Colorado.

top sites with sports betting bonuses in colorado

Study Our List

Finding the best bonus deals can be easy for some players. However, it can also be a big task for others, especially newbies. Not every player understands the nitty-gritty of what a good deal truly means.

Our team spends months reviewing different sites to get the best. We check amounts, review wagering requirements, game restrictions, odds, offer duration, and everything that can affect you when choosing the offer. If it passes our stringent test, then we make our recommendations accordingly.

The easiest way to start using a sports betting bonus in Colorado is to analyze the list we have already recommended. That way, you can get straight into the action without any worries.

Choose a Bonus

Once you have decided on the sportsbook that meets your requirements, the next step is to pick a bonus. Usually, we clearly state the bonus amount and wagering requirements for each site. That way, you can have a glance even before checking the site. Compare as many as possible on our list and pick a bonus.

Analyze the Terms & Conditions

In reality, most players do not read the terms & conditions before accepting them. Some just skip to the end and tick the box. Others may just scan through because it is usually lengthy and takes some time to read.

As difficult as it seems, it is essential that you make time to read the terms and conditions of any offer before you start using it. So, if you do not want to risk forfeiting the bonus and any wins you may have accrued, ensure that you follow the rules.

Register and Grab the Offer

After choosing from our list of recommended sportsbooks, the next step is to register as a member of the site to claim the bonus. Usually, it takes a few minutes to sign up with any Colorado sportsbook. Although verification might take some time, the process is relatively fast. Ensure that you provide accurate information, especially email and phone number, which may be required for verification.

Once your registration is confirmed, you can visit the promotions page on the site to claim the offer that suits you. Depending on the site, if a no deposit bonus is available, it will be credited instantly to your account.

Have Fun with Your Bonus

You can start enjoying your bonus immediately if it’s a no deposit bonus or a free beet. However, you may need to go through some additional steps if it is a deposit bonus or risk-free bet. First is to deposit the qualifying amount using the approved payment methods.

Sometimes, you may be required to enter a unique promo code. Once the steps are completed, the amount is automatically added to your account in a few minutes.

Biggest Red Flags of Sports Betting Bonuses in Colorado

Although we are always on the lookout for the best sites, no sportsbook is perfect. We only recommend licensed bookies for apparent reasons. However, each platform takes a unique approach, and it may not be entirely beneficial for players.

Therefore, we have compiled a list of things that could be a potential threat to your overall gaming experience.

betting bonuses in co with good wagering conditions

Vague Conditions

Terms and conditions are among the most crucial factors to consider when choosing a bonus on any sportsbook in Colorado. They should be presented in straightforward language so that even a newbie can understand them.

For example, it is vital to use examples to describe wagering requirements. For some bookies, it affects only the bonus money. You deposit $50 to receive another $50 in bonus cash. If the wagering requirement is 30x, you must wager $1,500 in real money.

However, at some other sportsbooks, a playthrough applies to the sum of your deposit and bonus (D+B). If we take the example given above, it means you must wager $100×30, or $3,000 in real money, which is outrageous.

The same applies to other requirements. If you have any challenges or need further clarification, feel free to contact the support team.

Outrageous Promises

It is always good to stick to healthy offers that are realistic. The conditions are usually fair and easy to fulfill with no extra catch.

When a site promises outrageous deals, that’s something to worry about. If you take a very close look, there’s always something fishy about the requirements. In such cases, the conditions are made to be unclear.

So, the next time you see a Colorado sports betting site that offers a risk-free bet of up to $200, don’t be in a hurry to rush the deal. Recheck the conditions because it might just be a trap to waste your time and money.

 

Many Restrictions

One of the many reasons sportsbooks offer promotions is to attract new players. However, certain restrictions always apply. For example, a sportsbook might offer a maximum of $100 while keeping the wagering requirements at 25x and other conditions fair.

Another sportsbook may offer $200 with a 50x wagering requirement plus other stringent conditions. Their interest always comes first. So, it is inappropriate to jump on an offer because it looks good on paper.

Also, check the expiration time to see if it’s enough. Review the max bet allowed, selected sports markets, betting odds, and the maximum cap that can be withdrawn if you fulfill the requirements. Indeed, you don’t want to go through all the stress only to learn you can only withdraw $100 although you have won $1,000.

Unachievable Rollover Requirements

Wagering requirements represent a real money amount you must wager to make your bonus withdrawable. So, you cannot withdraw the bonus right after receiving it.

Imagine that two sportsbooks offered the same bonus amount of $100, but the wagering requirements are 30x and 40x. The easiest pick is one that requires you to wager the bonus 30x.

So, when selecting the best betting bonus in Colorado, we ensure that we do not include the ones with soaring wagering requirements. We are also careful whether a playthrough applies only to the bonus or the total money in your account (deposit + bonus).

Sports Betting Bonuses in Colorado vs. VIP Programs: What’s the Difference?

VIP programs differ from other promotions on betting sites. Usually, they are tailored for the most loyal players. So, while usual betting deals are short-term, VIP bonuses are long-term and never end. The table below shows the key differences between the two options.

Colorado Sportsbook VIP Programs Sports Betting Bonuses at Colorado Betting Sites
🎲 Multi-tier benefits 📌 Yes 🎲 No
🎲 Custom bonus conditions 📌 Yes 🎲 No
🎲 Personal account manager 📌 Yes 🎲 No
🎲 Physical prizes 📌 Yes 🎲 No
🎲 Easy to use 📌 No 🎲 Yes

promo codes at colorado betting sites

Pros & Cons of Sports Betting Bonuses in Colorado

Pros

  • Lower wagering requirements compared to casino bonuses
  • Easy to claim and use
  • Allow you to try new markets
  • Enhance your chances of winning
  • Can increase your payouts

Cons

  • Capped winnings
  • Possible market and sports restrictions
  • Time constraints to complete the wagering requirements

Online Betting Bonuses by US state

Frequently Asked Questions About Betting Bonuses in Colorado

What are betting bonuses at Colorado sportsbooks?

These are incentives offered by betting sites to attract new players and retain existing ones. They can include free bets, deposit bonuses or no deposit bonuses.

What types of bonuses are available on Colorado betting sites?

Promotions can vary from one sportsbook to another. However, across all platforms, standard deals you’ll see include odds booster, free bets, risk-free bets deposit bonuses, and no deposit bonuses.

Can I claim multiple bonuses from the same sportsbook at once?

No, you can usually use one bonus at a time. So, if you have an active promotion, you cannot participate in another one. Even if you do, the bets will not count towards fulfilling the wagering requirement, which is not the same for each offer.

Can I withdraw the bonus money immediately after receiving it?

No, bonuses are not real money unless you convert them. Each sportsbook states the required number of times you must play the bonus through.

Do I need a bonus code to claim the offer?

Not in all cases. If a bonus requires a specific code to unlock, it will be stated in the T&C. So, check them before claiming the bonus.

Top Betting Sites
Top Betting Bonuses
BetMGM
BetMGM
BetMGM Review
4.7/5
Bet365
Bet365
Bet365 Review
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FanDuel
FanDuel
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DraftKings
DraftKings
DraftKings Review
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
BetMGM
BetMGM Bonus
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4.7/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $2000 OR Bet $5 and Get $150
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FanDuel
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Fortune Coins
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