Best Colorado Sportsbook Promos

Top Colorado Sports Betting Promotions (Updated May 9, 2024)

Welcome to the Props.com guide to the Best Colorado Sportsbook Promos!

Colorado’s sports betting market is live! The first wave of online sportsbooks and mobile sports betting apps in Colorado launched in 2020.

With the 2023-24 NFL season and March Madness wrapped up, we now turn to the spring and summer sports season. Plenty of bets will be placed at Colorado’s legal sports betting sites on MLB, the NBA Playoffs, and the NHL Playoffs in May 2024.

This guide to the top Colorado sports betting bonuses includes the best sign-up offers available right now at Colorado sportsbooks. Our handpicked Colorado sports betting promos change fairly often, so be sure to check back with this guide often to find the best Colorado sports betting sites and Colorado betting bonuses.

If you’ve searched the term “Colorado sportsbook promo codes” you’ve come to the right place. Many of the best online sports betting site options don’t require a Colorado sportsbook promo code to unlock sign-up bonuses, as all you need to do is begin the registration process by clicking the “Play Now” link next to your sportsbook of choice in this guide.

The welcome bonuses covered in this guide include the top sportsbooks in Colorado, as well as some great daily fantasy sports sites. The DFS sites listed in this article offer fantasy props that can provide a fun alternative to sports betting.

Let’s dive into the Props.com guide to the best Colorado betting bonuses:

Our Top Choice For Player Props In Colorado

Top Bonuses At Colorado Fantasy Props Sites*

Sportsbook/DFS AppBonus OfferPromo Code
Underdog Fantasy$50% Deposit Match up to $250PROPS
ParlayPlay$100% Deposit Match up to $100PROPS
OwnersBox$100% Deposit Match up to $500PROPS

Top Colorado Betting Bonuses *

Sportsbook/DFS AppBonus OfferPromo Code
DraftKings SportsbookBet $5 Get $150 in Bonus Bets InstantlyNo promo code required
FanDuel SportsbookBet $5 Get $150 in Bonus Bets If Your Bet WinsNo promo code required
Caesars Sportsbook$1,000 First Bet BackMYPROPS1000
BetMGM$1,500 First Bet BackNo promo code required
BetRivers$500 2nd Chance BetNo promo code required
Bet365Bet $1 Get $200 in Bonus BetsNo promo code required
Betway$250 Losing Bet RebateNo promo code required
Tipico Sportsbook100% Deposit Match up to $100 No promo code required
Fliff100% Match up to $100 in Fliff CashPROPS

*Promos updated May 9, 2024

Colorado Sportsbook Promo Code Updates

May 9, 2024 – Underdog Fantasy increases it’s welcome bonus offer for Colorado players. Sign up with promo code PROPS to claim your Special Pick + First Time Deposit offer up to $250 in bonus cash!

May 1, 2024 – FanDuel Sportsbook announces an updated national offer, as new players can sign up and unlock a Bet $5 Get $150 in Bonus Bets if Your Bet Wins promo. This promo is good in all states in which FanDuel Sportsbook operates, minus Ohio, North Carolina, and Massachusetts.

April 9, 2024 – FanDuel Sportsbook Colorado switches to a Bet $5 Get $150 in Bonus Bets Guaranteed welcome offer.

March 15, 2024 – BetMGM unveils a new sign-up offer in most states, as new customers can opt-in for Up to $1,500 in Bonus Bets Paid Back if Your First Bet Does Not Win. This offer functions as a losing bet rebate on your bet at BetMGM. You don’t need a BetMGM Colorado promo code to unlock the offer if you sign up through the “CLAIM OFFER” links in this guide.

March 11, 2024 – DraftKings Sportsbook announces a Bet $5 Get $150 in Bonus Bets Instantly March Madness promo that runs through April 8. Sign up through the link on this page and you’ll get the bonus without the need for a DraftKings Colorado promo code.

March 11, 2024 – FanDuel Sportsbook announces a Bet $5 Get $200 in Bonus Bets if Your Bet Wins promo running through April 8. Sign up through the link on this page and you’ll get the bonus without the need for a FanDuel Colorado promo code.

What Are The Best Colorado Fantasy Props Apps?

Top Bonuses At Colorado Daily Fantasy Sites

Looking for the top daily fantasy options in your state? Check out our Best DFS Sites guide.

How Do Colorado Fantasy Prop Pick’em Games Work?

As the industry’s top authority on prop betting, Props.com heavily features fantasy player prop contents offered by daily fantasy sports sites like Underdog Fantasy.

Underdog Fantasy and other top DFS sites offer Pick ‘Em games, allowing users to create a lineup of picks that resemble prop betting parlays. To make these picks, DFS players attempt to pick whether various athletes will earn more or less than specified point projections. A few examples of fantasy player props:

  • Patrick Mahomes – 265.5 Passing Yards: Over/Under
  • Cooper Kupp – 95.5 Receiving Yards: Over/Under
  • Nikola Jokic – 25.5 Points: Over/Under

At Underdog Fantasy, you can choose between 2-5 over/under lines and put them together in a parlay-style ticket. You must get all of yuor picks right on the ticket for the entry to win.

The more picks you make (and get correct), the higher your payout.

While fantasy props aren’t technically considered sports betting, you’ll often find the best odds and payouts for player props are available on sites like Underdog, when compared to traditional books. Let’s start this Colorado promo codes guide with the best bonuses available at Colorado DFS/fantasy props sites:

Best Bonuses At Colorado Daily Fantasy Sites May 2024

Top Colorado Daily Fantasy Sports Promos

Underdog Fantasy Colorado Bonus Offers

Underdog Fantasy Colorado Deposit Match

New members of Underdog Fantasy are eligible to receive a 50% first deposit match bonus worth up to $250. These bonus funds can be used to enter any of the contests being held by this popular daily fantasy sports operator. That includes contests on some of the most popular sports leagues in the US such as the NHL, NBA, NHL, and MLB.

Underdog Fantasy CO Deposit Match Terms And Conditions

  • Must be a new member of Underdog Fantasy.
  • Must be at least 21 years old
  • Minimum first deposit of $10 to qualify for this bonus.
  • Bonus bets come with a 1x playthrough requirement.
  • Playthrough requirement must be met within 60 days or bonus bets expire.
  • Bonus bets will be credited within 72 hours of the first deposit being made.

How Can I Sign Up At Underdog Fantasy Colorado?

  • Choose the “CLAIM OFFER” or “PLAY NOW” link below.
  • Click the “Sign Up” button from the Underdog Fantasy homepage.
  • Choose a username and password, and enter a valid email address and your date of birth. The PROPS promo code will already be entered when you sign up through one of our links.
  • Make a minimum $10 deposit to qualify for the Underdog Fantasy welcome bonus.

Why Underdog Fantasy?

Underdog Fantasy offers it’s Champions Pick’em contests in Colorado. The Underdog Fantasy Champions games task you with picking a lineup of player props, then putting those picks in competition with other players with cash prizes on the line. Underdog Fantasy CO also offers traditional daily fantasy games, including Best Ball contests and tournaments with massive prizes.

Underdog’s unique game formats make it a great change-up among the sports betting and DFS options available in Colorado.

ParlayPlay Colorado Bonus Offers

ParlayPlay Deposit Match

ParlayPlay is a completely unique DFS platform that looks and feels like a standard online sportsbook. New members of this daily fantasy sports operator are eligible to receive an excellent 100% first deposit bonus worth up to $100. These bonus funds come with a 1x playthrough requirement and can be used on any contest being offered by ParlayPlay. An additional bonus of $5 is awarded to all new players, as well.

ParlayPlay Colorado Deposit Match Terms And Conditions
  • Must be a new member of ParlayPlay.
  • Must be at least 18 years old and located in Colorado
  • Minimum deposit of $10 to qualify for this bonus.
  • A $5 bonus is awarded to all new players.
  • Bonus funds expire 7 days after being credited.

How Can I Sign Up At ParlayPlay Colorado?

  • Choose the “CLAIM OFFER” link below.
  • Once redirected to the ParlayPlay site, click the “Join Now” link.
  • Enter the requested details to create an account.
  • Make a deposit of between $10 and $100. Parlay play will match that amount with bonus credits. Be sure to enter promo code “PROPS” when prompted.
  • You’ll also get an additional $5 in bonus credits as a special no-deposit bonus.

Why ParlayPlay

ParlayPlay functions as a daily fantasy sports app, but offers an experience that rivals a traditional sportsbook in some respects. If you like prop betting and parlay betting, you’ll likely enjoy the unique combination of games ParlayPlay has to offer.

  • For more on how ParlayPlay works, click here to read our comprehensive review.

OwnersBox Colorado Bonus Offers

OwnersBox Colorado Deposit Match

OwnersBox is offering its new members a 100% first deposit match bonus worth up to $500. This is one of the largest first deposit match bonuses offered by any US DFS operator. These bonus funds can be used to enter contests in each of the four sports leagues that OwnersBox covers including the NFL, MLB, NBA, and NHL.

OwnersBox CO Deposit Match Terms And Conditions

  • Must be a new member of OwnersBox.
  • Must be at least 18 years old and located in Colorado.
  • Minimum deposit of $10 to qualify for this bonus.
  • Bonus funds come in the form of OwnersBucks.
  • Bonus funds are non-withdrawable.

How Do I Get The OwnersBox CO Welcome Bonus?

  1. Click the “CLAIM OFFER” button below.
  2. Create an account with OwnersBox by providing your personal contact information.
  3. Instantly receive $10 in bonus funds.
  4. Make a deposit of $10 or more using an accepted banking option.
  5. Receive a 100% bonus on your first deposit of up to $500. Be sure to enter the bonus code “PROPS” when prompted.

Why OwnersBox?

OwnersBox is a fantastic daily fantasy sports website that offers two kinds of DFS contests – Lightning and SuperFlex. Be sure to check out our review of OwnersBox linked below for more on this exciting newcomer to the Colorado daily fantasy market.

Check out our OwnersBox review.

What Are The Best Colorado Online Sportsbooks?

Best Colorado Sportsbook Bonuses

Best Colorado Sports Betting Promotions For May 2024

FanDuel Sportsbook Colorado Promos

FanDuel Sportsbook regularly changes up the sign-up offer available to Props readers in Colorado. The most frequent offers you’ll see are the “No Sweat First Bet” bonus and the “Bet-Get” bonus.

Here’s a look at the current FanDuel CO promo:

FanDuel Sportsbook Colorado Bet-Get Bonus

The FanDuel Bet $5 Get $150 in Bonus Bets If Your Bet Wins offer gives players $150 in bonus funds if you make (and win) a first bet of at least $5.

FanDuel CO Sportsbook Bet-Get Bonus Terms And Conditions
  • Must be a new member of FanDuel Sportsbook.
  • Must be at least 21 years old.
  • You must be physically located in Colorado when you make a bet.
  • Initial deposit must be $10 or more.
  • New players must place a first bet of $5 or more.
  • First bet cannot be used with an odds boost.
  • First bet must win.
  • First bet that is settled early will disqualify players from the bonus.
  • Bonus bets expire after seven days.

How Do I Sign Up At FanDuel Sportsbook Colorado?

  1. Click one of the “CLAIM OFFER” or “BET NOW” links from the FanDuel ads on this page.
  2. Select the “Join” option.
  3. Fill out the registration form.
  4. Deposit at least $10 to qualify for the FanDuel sign-up bonus (no FanDuel Sportsbook CO promo code necessary).
  5. Agree to the terms and conditions behind the offer and place your first bet.

Why FanDuel

FanDuel Sportsbook is the online market share leader and it does mobile sports betting better than most. The mobile app from FanDuel is one of the best in the industry, and the mobile app mirrors the online site.

FanDuel Colorado is known for having terrific bonuses and promotions as well for all returning customers. It’s hard to find online sports betting options with as many great features.

Note – the link below will display the current FanDuel Colorado Sportsbook offer:

What are the FanDuel legal states? Find out with this FanDuel Sportsbook States guide.

DraftKings Sportsbook Colorado Promo Code

DraftKings Sportsbook has an enticing offer for Colorado bettors, in the form of a Bet $5 Get $150 in Bonus Bets Instantly offer.

Once you sign up for a new DraftKings CO account (through the “CLAIM OFFER” link at the end of this section) and deposit a minimum of $5 into your new sportsbook account.

After that, place your first bet at DraftKings Sportsbook (minimum $1). You’ll see $150 in bonus bets added to your account.

Keep in mind that you can’t directly cash out bonus bets, and you only keep the winnings from a wager made with these credits.

DraftKings Bet-Get Bonus Terms And Conditions
  • Must be a new member of DraftKings Sportsbook.
  • Must be at least 21 years old.
  • First deposit must be $5 or more to qualify.
  • Bonus funds are awarded as a Bonus Bet Token.
  • Bonus bets expire after seven days.

How Do I Sign Up At DraftKings Sportsbook?

  1. Visit DraftKings by clicking the “CLAIM OFFER” or “BET NOW” links on this page.
  2. Click on the “Sign-Up” option on DraftKings’ homepage.
  3. Go through the rest of the registration process.
  4. Once your account is verified, you’ll be eligible for the current DraftKings Sportsbook sign-up bonus.

Be sure to check out our DraftKings States guide.

Why DraftKings Colorado

DraftKings Sportsbook is one of the kings of sports betting, especially in Colorado. One of the top features of the operator is the mobile app that is available for download on both Android and iOS devices.

You are also going to find a long list of betting options offered from DraftKings, and there will be some of the best betting odds and lines offered at this sportsbook.

Note – the Colorado sports betting bonus included in the link below occasionally changes from DraftKings standard promo:

BetMGM Colroado Promo Code: First Bet Offer $1,500 

Sign up with BetMGM using the links on this page and get up to $1,500 in Bonus Bets Paid Back if your first bet doesn’t win.

This is different from first deposit match bonuses. This bonus allows players to make their first wager on any sporting event and receive a 100% refund of up to $1,500 if that bet is lost.

BetMGM “Paid Back” Bonus Terms And Conditions
  • Must be a new member of BetMGM.
  • Must be at least 21 years old.
  • Minimum deposit of $20 to qualify for this bonus.
  • Maximum refund of $1,000.
  • Bonus bets come with a 1x playthrough requirement.
  • Bonus bets expire after seven days.

How Do I Sign Up At BetMGM Colorado?

  1. Click any “CLAIM OFFER” or “BET NOW” link in the BetMGM ads on this page.
  2. Once on the BetMGM website, enter your name, email, and date of birth.
  3. Choose a username, password, and provide the last four digits of your social security number.

Why BetMGM

There are so many reasons to choose BetMGM Sportsbook, but the loyalty rewards program is one of the best reasons. BetMGM is backed by MGM Resorts International and that gives sports bettors plenty of terrific rewards.

BetMGM has plenty of experience in the online sports betting industry as well, and the site offers a terrific and highly-rated mobile app.

Caesars Sportsbook Colorado Bonus Offers

Caesars Sportsbook $1,000 First Bet Back Bonus

The Caesars Sportsbook Colorado $1,000 First Bet Back bonus acts as first bet insurance, worth up to a max of $1,000 on your initial wager at Caesars CO.

Make your first bet at Caesars Colorado Sportsbook, and you’ll get a full rebate if it loses (up to a cap of $1,000). The rebate is paid as a single bonus bet, and note that bonus bets only pay you any winnings from the bet (you don’t retain the original stake like a normal bet).

Caesars Sportsbook Colorado $1,000 First Bet Back Terms And Conditions
  • Must be a new member of Caesars Sportsbook.
  • Must be at least 21 years old. 
  • Must be physically located in Colorado 
  • First bet must be placed within 30 days of opening a new account.
  • Bonus bets are issued within two days after a player’s first bet is settled. 
  • Bonus bets are valid for 14 days after being issued

How Do I Sign Up At Caesars Sportsbook CO?

  • Click one of the “CLAIM OFFER” or “BET NOW” links from the Caesars Sportsbook ads in this guide.
  • Select Colorado from the Caesars Sportsbook website menu.
  • Provide a valid email, along with name, DoB, and address.
  • Choose your security questions.
  • Input the MYPROPS1000 promo code when prompted, and you’ll unlock the Caesars Sportsbook Colorado promo.

Why Caesars

Caesars Sportsbook has made a big push over the last few years and it’s a leader in the Colorado sports betting industry. Caesars is a trusted name in the United States and it has great customer service.

Another reason for choosing Caesars is the fact that it has a long list of betting options and on a wide range of sports.

Bet365 Colorado Promos

Bet365 CO Choose Your Bonus Offer Promo

Bet365 Colorado presents a sign-up offer that’s quite unique among U.S. online sportsbooks. 

Register for a new Bet365 Sportsbook CO account through the “CLAIM OFFER” link below, and you get to choose between two different welcome bonuses. One is a Bet-Get offer, and the other is a first bet insurance offer.

Let’s take a look at both offers:

Bet365 Sportsbook Colorado $1,000 First Bet Safety Net

The Bet365 CO $1,000 First Bet Safety Net promo functions as first bet insurance. Make your first bet with Bet365 Sportsbook, and if it loses, the sportsbook will refund the stake (up to a max of $1,000).

The rebate is issued in the form of bonus bets. It’s important to note that when you wager with bonus bets, you don’t retain the original stake, and you only keep the winnings from the bet.

Bet365 Colorado $1,000 First Bet Safety Net Terms And Conditions 
  • Available to new customers only.
  • Must be physically located in Colorado
  • A deposit (minimum $10) is required to participate in this offer. You must claim the offer within 30 days of registering your account.
  • Place a qualifying bet of up to $1000 to be eligible for a matched refund in Bonus Bets if your qualifying bet loses. Your qualifying bet is the first eligible bet placed after claiming your offer.
  • Bets placed must meet certain conditions to count:
  • Your Bonus Bets will be forfeited and removed if your account is inactive for 90 consecutive days.

Bet365 Colorado Bet $5 Get $150

The Bet365 Colorado Bet $5 Get $150 welcome bonus offers new members the opportunity to earn $150 in bonus bets, just by placing a wager of $5. The result of this bet does not matter.

Colorado bettors simply need to place their first bet of just $5 to automatically earn $150 in bonus funds as soon as that bet is settled. The bet-get bonus amount from Bet365 can change from time to time, but right now the Bet $5 Get $150 in Bonus Bets offer competes well with other similar sign-up offers in the sports betting industry.

Bet365 Colorado Sportsbook Bet-Get Sign-Up Bonus Terms And Conditions
  • Must be a new member of Bet365. 
  • Must be at least 21 years old.
  • Must be located in Colorado
  • Minimum deposit of $10 or more to qualify for this bonus. 
  • First wager to qualify for this bonus must be $5 or more. 
  • Bonus must be claimed within 30 days of joining Bet365. 
  • First bet must be placed on an event with odds of -500 or greater. 
  • Bonus bets are non-withdrawable.
  • Bonus bets expire after 90 days. 

How Do I Unlock The Bet365 CO Promo?

  • Click the “CLAIM OFFER” or “BET NOW” link below.
  • On the Bet365 site, click the yellow “Join Now” tab.
  • Fill in the requested details on the screen that appears.
  • Choose your bonus offer
  • Make a minimum $10 deposit to unlock your chosen bonus.

Why Bet365?

One of the most reputable sports betting companies in the world, the Bet36 CO platform offers Colorado bettors a top-notch sportsbook app.

The Bet $1 Get $200 bonus is as close to a no-deposit bonus as it gets among sportsbook bonuses, as you only need to make a $10 deposit and $1 wager to qualify. The Bet365 offer stands as one of the best Colorado sportsbook bonuses.

BetRivers Sportsbook Colorado Bonus Offers

BetRivers CO 2nd Chance Bet

BetRivers offers its new Colorado bettors 2nd Chance Bet (aka first bet insurance), allowing them to earn a 100% refund on their first bet, if lost, of up to $250. Unlike many refund bonuses, this one can be used for a first bet on any sporting event and with no minimum odds. It is a great way for new members to place their first bet, risk-free.

BetRivers 2nd Chance Bet Terms And Conditions
  • Must be a new member of BetRivers.
  • Must be at least 21 years old.
  • Minimum deposit of $10 to qualify for this bonus.
  • Maximum first bet refund of $250.
  • You must be physically located in Colorado when you make a bet.
  • Bonus bets are refunded within 24 hours of the first bet being settled.
  • Bonus bets expire after 30 days.

How Do I Sign Up At BetRivers Colorado?

  1. Select one of the “CLAIM OFFER” or “BET NOW” links in any BetRivers ad on this page.
  2. Click “Join Now” on the BetRivers Arizona online sportsbook homepage.
  3. Choose Arizona from the states drop-down menu, enter your email, and choose a screen name and password.
  4. Enter your name, address, DoB, and ZIP code.
  5. Finish the signup process by choosing security question answers and entering the last four digits of your SSN.

Why BetRivers

BetRivers is a massive company in the online sports betting industry with sportsbooks all over the company. Customer service is a huge reason for choosing BetRivers, but this sportsbook will also have competitive betting odds and lines.

BetRivers Sportsbook Colorado offers daily odds boosts on a wide range of sports, and it is known for taking care of its most loyal customers.

Betway Sportsbook Colorado

Betway Sportsbook Bonus Offer – $250 Losing Bet Rebate

New users at Betway CO Sportsbook are eligible for a losing bet rebate worth up to $250.

About This Offer

Betway Colorado does not have a large welcome offer, but you will still receive a losing bet rebate on your first wager. If you place a wager of $250 with your first bet then that money will be refunded if that wager loses.

This money will be credited to your account as soon as the bet has settled and it must be wagered before you can make a withdrawal.

How Do I Unlock The Betway Colorado Promo?

  1. Select the “CLAIM OFFER” or “BET NOW” link from the Betway ads on this page.
  2. Click the Sign Up link from Betway’s homepage.
  3. Provide a valid email address, choose a password, and agree to the terms and conditions. No promo code is necessary when using a Props.com link.
  4. Provide your name, phone number, DoB, address, and last four digits of your SSN. Verify the email sent to your email address.
  5. Make a first deposit of at least $10.
  6. Place a minimum bet worth $10 or more at -330 minimum odds or better.

Why Betway CO

Betway Sportsbook is known for offering bets on a large number of sporting events, most of them international. The top U.S. sports will also be offered at Betway, and there are competitive betting odds and lines.

The welcome offer might not be one of the best in Colorado, but there are enough features on this site to make it one of the best.

Other Options For Colorado Sports Bettors

Fliff Colorado Bonus Offers

Fliff Cash Match

Fliff, one of the most popular free-to-play online sportsbooks in the U.S., is offering its new members a 100% first-deposit match bonus worth up to $100 in Fliff Cash and 600,000 in Fliff Coins. Fliff Cash represents the real “currency” within Fliff and can be redeemed for real money. Fliff Coins are a fun-to-play type of currency, allowing players to wager on sporting events with no risk of losing real money.

Fliff Cash Match Terms And Conditions
  • Must be a new member of Fliff.
  • Must be at least 18 years old.
  • Minimum first deposit of $4.99 to qualify for this bonus.
  • Fliff Cash bonus funds come with a 1x playthrough requirement.
  • Minimum of $50 to withdraw Fliff Cash.

How Do I Sign Up At Fliff CO?

  • Click the “CLAIM OFFER” or “BET NOW” in any Fliff ad on this page.
  • Download the Fliff app for Android or iOS (no desktop version is available).
  • Select “Cashier” at the bottom of the main lobby.
  • Choose the “Menu” option inside of the Cashier menu.
  • Provide your email, phone number, and address.
  • Upload a scanned copy of a photo ID (e.g., driver’s license) and go through the requested facial recognition scan.
  • Buy a Fliff Coins package (similar to depositing) to qualify for the bonus. Fliff will ask for your SSN at this point.

Why Fliff Colorado

Fliff offers an experience that’s almost identical to what you’d find at the other online sportsbooks on this list. The app offers its sports picks in sweepstakes currency format, and as such Fliff doesn’t technically fall under the same category as the regulated online books on our list.

Fliff’s easy barrier to entry and accessibility in nearly every U.S. state makes it a convenient and fun alternative to the other books on this list.

Colorado Sports Betting Teams And Events

  • April 29, 2024 – The Nuggets finish off a 4-1 first round series win over the Los Angeles Lakers in the NBA Playoffs. The defending NBA champs advance to play the Minnesota Timberwolves in the second round.
  • March 28, 2024 – The Colorado Rockies begin the 2024 MLB regular season with a four-game series at the reigning NL Champion Arizona Diamondbacks.
  • March 6, 2024 – The defending NBA Champion Denver Nuggets enter the home stretch of the 2023-24 NBA season locked in a tight race for the No. 1 seed in the Western Conference.
  • March 5, 2024 – The Colorado Avalanche go into the final quarter of the NHL regular season in contention for a top-four seed in the Western Conference of the Stanley Cup Playoffs.
  • January 7, 2024 – The Denver Broncos close out a disappointing 8-9 season with a 27-14 loss at division rival Las Vegas Raiders.

How Do Colorado Sports Betting Bonuses Work?

Colorado sports betting promo codes and bonus offers vary across the different sportsbooks. A given sportsbook brand will change up its welcome bonus from time to time as well.

Let’s take a look at some of the most common bonus types you’ll see at Arizona sports betting apps:

Bet-Get Bonuses

You’ll see Bet-Get bonuses often when you go through the different sign-up offers available to Props readers in this guide. A Bet-Get Bonus awards you with bonus betting credits after you place a bet that qualifies for a certain minimum amount.

For instance, FanDuel Sportsbook frequently offers new bettors a “Bet $5 Get $150” or “Bet $5 Get $200” promo. For these offers, you sign up for a new FanDuel account, make a minimum deposit of $5, and place a bet of at least $5.

Whether that bet wins or loses, DraftKings Sportsbook with award $150 (or $200) in bonus bet credits. Keep in mind that when you wager with bonus bets, you retain any winnings from the bet, but not the original bonus bet stake.

First Bet Insurance

The First Bet Insurance bonus type was formerly known as a “risk-free bet” at a lot of different Colorado online sports betting sites. Many legal sports betting sites have changed the name when offering this kind of bonus, as “risk-free” isn’t quite accurate.

You’ll see this bonus type now referred to as a “No Sweat First Bet” at FanDuel Sportsbook, a “2nd Chance Bet” at BetRivers, and various other similar names. This bonus type refunds your first bet if the wager loses, up to a given maximum.

For instance, the $1,000 No Sweat First Bet from FanDuel covers your first bet at FanDuel Sportsbook with a full rebate if it loses, up to a max of $1,000. Keep in mind that the rebate comes in the form of bonus bet site credit, however, and you can only profit from those credits if you place another bet and win.

If you bet $1,000 for your first bet, lose, and get $1,000 in bonus bets, you then have to bet that $1,000 before the credits expire. If you lose the wager placed with the bonus bets, you’re balance is $0 (thus the departure from the term “risk-free bet” from the sportsbooks).

Deposit Match Bonuses

Deposit match bonuses were at one time among the most common type of deposit bonuses seen at online gambling sites. Most Arizona betting sites now offer Bet-Get bonuses or First Bet Insurance bonuses, however.

A deposit match matches a certain percentage of your first deposit with bonus bets. For example, DraftKings Sportsbook Colorado sometimes offers a 20% deposit match up to $1,000. That means you must deposit $5,000 to get the full $1,000 in bonus money.

The DraftKings bonus comes with a 25x playthrough requirement, meaning you must deposit $5,000 and make $75,000 in bets to claim the full $1,000.

Different sportsbooks have different match percentages and different playthrough requirements, and some deposit match bonus codes are well worth using.

Colorado Sports Betting Promos FAQ

Which Colorado sportsbook has the best sign-up bonus?

The Colorado sportsbooks featured in this guide all change up the sign-up bonuses from time to time. Our experts here at Props.com recommend the FanDuel Sportsbook Bet $5 Get $200 in bonus bets + $100 off NFL Sunday Ticket offer, especially for NFL fans.

Do I need a promo code to get the sign-up bonus at FanDuel Sportsbook Colorado?

No. If you sign up for a FanDuel Sportsbook Colorado account using the “CLAIM OFFER” links in this guide, you’ll automatically be eligible for the FanDuel CO welcome bonus.

Do I need a promo code to get the sign-up bonus at DraftKings Sportsbook Colorado?

No. If you sign up for a DraftKings Sportsbook Colorado account using the “CLAIM OFFER” links in this guide, you’ll automatically be eligible for the DraftKings CO welcome bonus.

Where do you enter a Colorado sportsbook promo code?

Most online sportsbooks will ask for a promo code either during the sign-up process, or when you make the first deposit. Keep in mind that many Colorado online sportsbooks won’t require a promo code if you sign up for a new account through the “CLAIM OFFER” links on this page.

What is the Caesars Sportsbook Colorado promo code?

Enter the promo code MYPROPSGET when prompted during the Caesars Sportsbook Colorado sign-up process, and you’ll unlock the current welcome bonus offered at Caesars CO Sportsbook.

Not in Colorado? Check out the Props library of guides to sports betting bonuses available in other states:

Responsible Gambling Resources For Colorado Bettors

Top Colorado Sportsbook Promos And Daily Fantasy Sites