TOP COLORADO SPORTSBOOK PROMOS & BONUSES

1. What Type of Sportsbook Promos Are Available in Colorado?

Sports betting has rapidly evolved in Colorado, now offering a range of exciting sportsbook promos for both new and seasoned bettors. Whether it's placing wagers on your favorite teams or exploring dynamic betting markets, sports betting provides a thrilling experience. Enthusiasts can utilize various promos to enhance their betting adventures.

There are several types of Colorado sports betting promos available, including various promo and bonus codes from sportsbooks such as DraftKings, Bet365, Caesars sportsbook, ESPN bet, BetMGM and FanDuel. These include:

1. Free Bets: With a free bet the sportsbook will gift you bonus site credit after you place a bet. This is the most common form of welcome bonus. E.g. 'Bet $5 get a $150 free bet. 
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. Risk-Free Bets: With risk-free bets, the sportsbook refunds your stake if your bet loses (usually in the form of a free bet). E.g. a sportsbook offers a $100 risk free bet, if you wager $100 and win, you take the winnings. If you lose, you are refunded your $100.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, the sportsbook will offer an additional percentage bonus on top of your initial deposit amount. E.g. if the offer is a 50% deposit bonus and you deposit $100, the sportsbook will offer you an extra $50. 
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted. E.g. with a $300 no deposit bonus, after you sign up the sportsbook will immediately fund your account with $300 (usually in free bets). 
   
   Also known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers are promos that can be offered to sportsbook customers long after they've signed up. Coming in many forms, from free bets to enhanced odds, these offers provide continued value for bettors.
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win. For example, if the sportsbook adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150. 
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, the sportsbook enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake. E.g. Houston Astros & Colorado Rockies both to win, was +190, now 240+. 
   
   Also Known As: Enhanced odds, price boosts. 

2. Which Sportsbooks in Colorado Offer Promos?

There are several sportsbook companies that offer promos in Colorado, catering specifically to the sports betting market. These include:

1. BetMGM
2. BetFred
3. Bet365
4. BetRivers
5. Betway
6. Caesars Sportsbook
7. Clutchbet
8. DraftKings
9. ESPN
10. Fanatics
11. FanDuel
12. SI Sportsbook
13. SportTrade
14. SuperBook
15. Tipico

3. When Was Sports Betting Legalized in Colorado?

Colorado sports betting was legalized on May 1, 2020. The state passed Proposition DD in November 2019, allowing for the regulation and taxation of sports betting. Since then, Colorado has become a popular destination for sports bettors, with numerous online sportsbooks operating in the state such as BetMGM, FanDuel and DraftKings.

With the growing popularity of sports betting, Colorado's legislative body ensures a regulated and secure betting environment. It aims to protect sports bettors' interests, making it essential that sportsbooks are licensed and follow legal guidelines. This makes sure that sports betting stays safe and fair.

4. Who Can Access Colorado Sportsbook Promos?

Anyone within Colorado state borders is able to access and earn money from Colorado sports betting. It's important to note that you don't have to be a Colorado resident to claim these sportsbook promos. This rule applies to all U.S. states where online sports betting is legal.

Many bettors find bonus bets, with sportsbooks such as FanDuel, an exciting proposition because they provide a way to engage with sports betting without using their own money. This makes it easier for newcomers to test different sportsbooks and find terms that best complement their betting strategies without having to commit upfront.

As long as you are physically located within Colorado, you can take advantage of the promos and bonus bets offered by the sportsbooks operating in the state.

5. Which States Close to Colorado Offer Sportsbook Promos?

The five closest states to Colorado that offer sportsbook promos are:

1. Nevada
2. Wyoming
3. Kansas
4. Arizona
5. Oregon
   

6. What Are Colorado Sportsbook Promo T&Cs?

When participating in Colorado sportsbook promos and using bonus bets, it's important to be aware of the terms and conditions. Some common T&Cs associated with sports betting on sites like FanDuel include:

1. Minimum Bet Requirements: Some promos may require a minimum bet amount to qualify.
   
   
2. Time Limits: Promos and bonus bets may have a specific time period during which they are valid.
   
   
3. Wagering Requirements: Certain promos may require you to wager a certain amount before you can withdraw any winnings.
   
   
4. Odds Restrictions: Some promos may require wagers to be placed at or above specific odds.
   
   
5. Expiration Dates: Promos may have an expiration date, after which they are no longer valid.
   
   
6. Eligible Bet Types: Certain bet types may not be eligible for specific promos.
   
   
7. One-Time Use: Some promos may only be available once per user.
   
   
8. Maximum Payout Limits: There may be a maximum amount you can win from a promo.
   
   
9. Restrictions on Bonus Bets: If a promo offers bonus bets and funds, there may be restrictions on how they can be used.
   
   
10. Verification Requirements: Sportsbooks may require you to verify your identity before you can claim a promo.

7. What Sports Betting Resources Are Popular in Colorado?

In Colorado, there are several popular resources, websites, and media outlets for Colorado sports betting news and advice. Some of these include:

• The Denver Post: This local newspaper covers sports betting news and provides expert analysis.
  
  
• Colorado Sharp: An online platform dedicated to sports betting in Colorado, offering news, tips and reviews.
  
  
• Mile High Sports: A local sports media outlet that covers all things related to Colorado sports, including betting.
  
  
• ProfitDuel: The US's number 1 resource for finding, ranking and helping convert sportsbook promos into guaranteed cash, every Colorado-based sports bettor can benefit from ProfitDuel's industry-leading software. 

8. How Do We Rate and Review Colorado Promos & Bonuses?

Our team of sports betting experts have racked up decades of experience sourcing and converting sportsbook promos across the US and Europe. Using their industry know-how and the latest promo comparison software, they analyze, rate and rank the top bonuses in each state so you don't have to.

Six of the most important factors they consider when rating promos are:

• Maximum Bonus Value: While higher amounts are appealing, bigger isn't always better, as larger bonuses can be more difficult to obtain.
  
  
• Personal Investment: Most bonuses require a minimum deposit or wager to activate.
  
  
• Ease of Use: In most cases bonuses are pretty easy to claim - often requiring a small deposit to unlock. However, some promos have slightly more complex rules.
  
  
• Playthrough Requirements & Odds Restrictions: Typically, bonuses cannot be immediately withdrawn as cash; you must wager the bonus amount a certain number of times first.
  
  
• Bonus Expiry Date: It's important to know how long you have to use the bonus funds and whether that timeframe is sufficient.
  
  
• Additional Perks: Some bonuses include extra rewards points or bonus spins at the sportsbook's casino.

While we'll do everything possible to bring you the best sportsbook promos in your state every month, it's important to be aware of the potential risks that can come with these bonuses. 

9. Are There Any Risks Attached to Sportsbook Promos in Colorado?

While claiming sportsbook promos can be a great way to maximize your betting profits in Colorado, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 free bet, a $1,000 risk free bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk free bets. Let's say you're gifted a $500 risk free bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a free bet). Place this free bet on the losing side and you've just lost $500 to the sportsbook.
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from sportsbook promos risk-free, every time.

Sound too good to be true? Read the next section. 

10. How to Guarantee Profit From Sportsbook Promos & Bonuses

While it's true that risks can arise when claiming sportsbook promos, one clever technique exists that can remove them and guarantee you profits from promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

That's where we come in.

At ProfitDuel we have over 10 years' experience in the matched betting industry. In that time we've provided the software, strategies and one-to-one support to help 500,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month. 

To learn how you could join them, read the 5 simple steps in our free guide to converting sportsbook promos. Done that and want to try promo conversion yourself? Sign up to ProfitDuel with our limited time offer: 50% off your first month of ProfitDuel!