CO Betting Bonuses & Promo Codes

The Colorado sports betting scene is still young, but there are already a ton of CO Betting Bonuses to choose from. It can get complicated when trying to figure out the best sports betting promotions in Colorado.

Every CO Sportsbook has a welcome offer for new customers. But after that, there are still plenty of rewards to earn.

Best CO Betting Bonuses & Promo Codes in 2023

What are the best CO Betting Bonuses?

To learn about the best CO Betting Bonuses, you will need to take a look at the terms and conditions. There is much more to a sportsbook bonus than just the advertisement. Reading the fine print of a bonus will give you a better idea of its value to you.

Bonuses will have to be used in a certain way and could only be available for specific types of bets. For example, live betting and parlays could be excluded. All of this information will be in the terms and conditions.

Bonus money will have playthrough requirements, which we will touch on in the next section. The lower the playthrough requirements, the better the bonus.

The terms and conditions will also include an expiration date, minimum odds, and more information you need to know before accepting the offer. If there is a time constraint on the rollover requirements, that is something you need to know.

Some of the best betting bonuses in Colorado are no deposit bonuses. These are a no-brainer to use. All you will need to do is sign up, and the sportsbook will give you free money to use. This is a great way to try out a sportsbook, and you might as well use it.

Do you Qualify for a CO Betting Bonus?

Legal online sports betting began in May 2020 in Colorado. If you are over the age of 21 and located in Colorado, you are eligible to use CO Betting Bonuses.

You don’t have to live in Colorado to use online sportsbooks, but you do have to be within state lines. Visitors of the state can also take advantage of Colorado betting bonuses. Geolocation technology must be enabled so the sportsbook knows you are inside the state.

For welcome bonuses, you must be a new customer. If you already have an account with a certain CO Betting Site, you won’t be able to use the sign-up offer. However, the best CO Sportsbooks will still provide ongoing promotions to current players.

But even if you have an account with one sportsbook, it doesn’t mean you can’t sign up for another one. Take advantage of sign up offers for several sportsbooks. This is a great way to find which Colorado Sportsbook you like the best.

What are Playthrough Requirements?

CO Sportsbooks have to place rules on every promotion, which can be found in the terms and conditions. In those, each bonus will have playthrough requirements.

Real money and bonus money are completely different. If you are rewarded bonus money, you have to meet the playthrough requirements to make it real money.

Sportsbooks have to guard against someone taking advantage of the bonus. Playthrough requirements keep people from immediately withdrawing the bonus.

The best Colorado sportsbook bonuses will include favorable wagering requirements, which are just 1X the bonus. That means you will need to bet the entire $50 of a $50 bonus, and then it becomes real money that you can withdraw from your account.

Types of CO Betting Bonuses

There are several different types of CO Betting Bonuses that sportsbooks will offer.

Deposit Match Bonus

A Deposit Match Bonus is a common welcome offer for CO Sportsbooks. With this promotion, a sportsbook will match a certain percent of your deposit.

Example Deposit Match Bonus Promotion: 100% Deposit Match Bonus up to $500

In this case, your deposit will be matched dollar for dollar with bonus money. If you deposit $500, the sportsbook will give you an additional $500.

However, your deposit and bonus money will have playthrough requirements before you can make a withdrawal. If you make a withdrawal before meeting these requirements, you could forfeit the bonus.

No Deposit Bonus

A No Deposit Bonus is a great way to try out a sportsbook. Unlike most other CO Betting Bonuses, you won’t need to make a deposit to receive the promotion.

Example No Deposit Bonus Promotion: Sign Up and Receive a No Deposit Bonus of $25

Using a No Deposit Bonus is a no-brainer. All you need to do is sign up and verify your account. Since this is a free bonus and you don’t need to make a deposit, the amount is usually a bit less. However, these are some of the best CO Betting Bonuses.

Risk-Free Bet

A Risk-Free Bet gives you the chance to bet a little more than you normally would. With this promotion, a sportsbook will refund your bet if it loses.

Example Risk-Free Bet Promotion: Risk-Free Bet up to $500

If you place a $100 bet on the Denver Broncos to win, and they lose, the sportsbook will refund your account $100. However, that $100 bonus will have playthrough requirements. It will be unavailable to withdraw until those are met.

Reload Bonus

A Reload Bonus is a common CO Betting Promotion for current customers. It is the same thing as a deposit match, but the percentage is usually a bit less.

Example Reload Bonus Promotion: Reload Bonus matching 25% of your deposit

These can be offered on occasion for existing customers of a CO Sportsbook.

Referral Bonus

Do you have a friend that has yet to sign up for the sportsbook you use? Some CO Sportsbooks will offer a referral bonus to get new customers.

Example Referral Bonus Promotion: Refer a Friend and Claim a $50 Bonus

With Refer a Friend Bonuses, there will be a link you need to send your friend to sign up from. In some cases, a bonus will be given to you and the friend who signed up. The bonus amount could depend on the amount of money your friend deposits onto their account or their first bet.

Live Betting Bonus

Live betting is becoming a popular feature for CO Sportsbooks. It allows you to bet on games after they have started.

Example Live Betting Promotion: Make a $50 in-game bet and receive a $20 bonus.

Lots of sportsbooks are still adding live betting features, so giving out promotions for customers to try the platform is common. If you like live betting, check with our reviews to see what each sportsbook offers.

CO Live Betting will be a much better experience on some betting sites than others. With all the technology it requires, the best CO Sportsbooks will still offer a good number of markets for in-game betting.

Insurance or Cashback Bonus

An insurance or cashback bonus will give you back all or a portion of your losing bet. It works slightly like a risk-free bet but can be used for more betting options, such as parlays.

Example Insurance Bonus: Parlay Bet Insurance up to $25

It is common to see CO Sportsbooks use parlay insurance promotions. With most of these, you will get a refund for hitting all of the legs or your parlay except for one.

CO Betting Loyalty Programs

Another way to earn bonuses and promotions is from CO Sportsbook Loyalty Programs. The more you play with a certain sportsbook, the more you will earn.

Some sportsbooks have moved away from traditional loyalty programs. If a sportsbook does not include on, it should have more ongoing promotions for current players to make up for it.

CO Loyalty Programs are great if you are someone who bets a lot, allowing you to earn rewards while doing so. Some rewards programs are based around the properties that are owned by the sportsbook. Prizes could be discounts on hotels and restaurants.

Other loyalty programs are more geared toward playing at the online sportsbook, giving players bonuses for more bets.

Final Thoughts on CO Betting Bonuses

If you are looking into signing up for a CO Sportsbook, looking at the bonuses and promotions is a must. Don’t sign up before looking to see what the welcome offer is and whether or not it has a promo code.

After using one promotion, don’t feel that you are stuck using one sportsbook. Take advantage of several CO Betting Bonuses to try out several Colorado online sportsbooks, figuring out which one you like the best.

Reading the fine print is crucial to understanding the promotion. Don’t rely on just the advertisement. We will summarize the important points of the terms and conditions in our reviews.

Ongoing promotions are also important, and some sportsbooks are superior to others in its offers. Always opt-in to any emails it may send to alert you of the latest promotions.

Plus, look into the loyalty program. However, if you aren’t going to bet enough for it to matter, it might be worth it to shop around and use several sportsbooks.

CO Betting Bonuses FAQs