A newly legalized sportsbook industry such as the one Colorado currently enjoys is sure to attract casual sports fans who may not be all that accustomed to wagering on their favorite teams. Fortunately for them, free bets like the ones listed below are among the best ways for curious bettors to test the proverbial waters.
If the side they back brings it home and winds up winning, congratulations on joining the sports betting party in style. But when they end up losing, it’s “no harm, no foul” thanks to the free bet promotion.
As the state continues to enjoy a regulated sports betting marketplace, expect a competitive industry to breed many more free bets and bonus offers down the road.
Signing up at a new online sportsbook in Colorado
By researching the various online/mobile sports betting apps on the market today, you can figure out which one(s) work best for your personal needs. Everything from the software platform and user interface, to the in-house oddsmakers and risk management procedures, can help guide an informed bettor’s thinking.
Once you’ve decided on the sportsbook operator(s) that suit you most, you need to download a dedicated app to your smartphone, tablet or other online/mobile device. The sportsbooks can also be accessed via desktop or laptop using a traditional web browser, but bringing your betting on the go requires a downloadable app.
For the Android folks out there, simply visit the sportsbook’s website and navigate through to the app download page. This step is required because the Google Play Store doesn’t permit real money gambling apps at this time, but rest assured, downloading straight from the website works exactly the same way. Simply approve the downloaded file, watch the data meter tick up to full, then click “OPEN” to enjoy all the features the new app has to offer.
And for the Apple iOS loyalists, paying a quick visit to the App Store and searching for preferred sportsbook apps should be a breeze.
Once the app has been downloaded to your device, you need only register a new account using basic information like your full name, age, date of birth, physical address and debit/credit card number. The latter data is used to connect a checking or credit card account directly to the online/mobile sportsbook’s “Banking” page for deposit and withdrawal purposes.
But before making that initial deposit with a new sportsbook app, Colorado bettors should be sure to check for the latest and most lucrative free bet offers and other bonuses.
How CO sportsbooks are courting and rewarding new players
Whenever a state launches legal sports betting, operators like the ones mentioned here are keen on attracting new clientele.
That’s great news for Colorado’s residents and visitors who love to wager on the big game, because sportsbooks typically offer bonus funds and free bets to bring new bettors aboard. In the world of online/mobile sports betting, free bets and deposit bonuses are the best way for sportsbook apps to show everything they have in store for loyal bettors.
Here’s how the biggest and brightest sportsbook operators that have set up shop in Colorado to reward new bettors and regulars alike.
DraftKings free bet offer and first deposit bonus total up to $1,025
Thanks to a partnership with casino operator Twin River Worldwide Holdings — which purchased the Golden Gates, Golden Gulch and Mardi Gras casinos back in January of 2019 — the DraftKings Sportsbook is now operational in Colorado.
And that’s good news for bettors who want a taste of the best free bet offer in the business today.
After signing up for a new DraftKings Sportsbook account, you can instantly increase your bottom line to the tune of $1,025.
To start with, the DraftKings app provides one free bet of up to $25 during the first 30 days from when an account is registered. These free bets are exactly what they sound like too, so bettors can feel free to splash the funds around as they see fit.
From there, DraftKings delivers a risk-free bet of up to $500 on a player’s first real money wager. This means that a bet of up to $500 can be placed, and when it happens to come up short, the app will simply refund that money straightaway — with the player incurring no risk whatsoever.
Risk-free bets like those furnished to first-time DraftKings Sportsbook app users are perfect for those longshots that offer juicy payout odds. From big moneyline underdogs who might have a hidden edge, to futures wagering on that favorite team to take down the league title, using a DraftKings risk-free bet is a great way to turn a few bucks into a big bankroll on the house’s dime.
And to cap things off in fine style, DraftKings online/mobile bettors in Colorado can collect a sweet rebate on their first real money deposit. Using a 20% match rate, the bet shop will boost any starting bankroll with up to $500 in free funds.
Start out with a $100 deposit, and that 20% match bonus means $120 will be waiting in the account balance. Pump up the action to a $500 deposit, and the balance jumps to $600, while a $2,500 deposit is enough to earn the full $500 in bonus match money.
FanDuel follows suit with $500 no-risk free bet offer
Ever since their days as dueling leaders of the daily fantasy sports industry, FanDuel and DraftKings have remained close competitors by keeping up with each other at every turn.
That’s why sports betting enthusiasts in Colorado shouldn’t be surprised to learn that the FanDuel Sportsbook app — also affiliated with Twin River and its Black Hawk casinos — is running the same $500 no-risk free bet promotion.
After signing up for a new account on the online/mobile FanDuel app, and making an initial deposit, you can wager up to $500 without worrying about losing the dough. Either you’ll turn a winner and get your sports betting journey off on the right foot, or FanDuel will refund the full amount of the bet following a loss. In any event, that’s a win-win proposition for bettors who enjoy dabbling on high-risk/high-reward prop bets and the like.
FanDuel has risen to the top of America’s sportsbook ranks by innovating as well, so expect to find a slew of generous free bet offers that serve as refunds of a sort.
Under the app’s “College Football Parlay Insurance” free bet, anybody who places particular parlay bets on Saturday college games in November becomes eligible. These parlays must have at least four legs working, and all teams backed must be priced at (-200) odds or less. With these stipulations in place, any parlay that falls short by just one leg will be refunded up to $25. This promotion can be used up to four times for $100 in total refunds.
For football fans who prefer the pro game, FanDuel’s “NFL Close Loss Insurance” promotion is attached to any NFL moneyline bet. When the team you wagered on ends up losing by six points or fewer, FanDuel sends an instant $50 refund straight to your account balance.
And during basketball season, the “NBA Parlay Insurance” promotion follows the same structure as FanDuel’s college football offer. That means parlays with four legs or more that lose by only one leg receive a $25 refund (up to four times).
Aussie sportsbook PointsBet making splash via 4 free bet offers
Better known as one of the leading online/mobile sportsbook apps in Australia, the PointsBet platform successfully entered the American market via launches in New Jersey and Iowa last year.
And in partnership with the Double Eagle Casino in Cripple Creek, PointsBet has secured the license needed to bring its award-winning app to Colorado.
For new bettors, that means $25 in free bets awarded the moment a PointsBet account is initially registered and verified.
Next up, players who begin with a $50 deposit will collect $100 in free bonus bets. Make it a $150 first deposit and the free bonus bets climb to $300, while a $250 first deposit is good for $500 in free bet funds.
To reward the app’s regulars, PointsBet also utilizes the PointsBetting feature to provide a steady stream of free bets. Over time, every dollar won and lost on the app generates a single bonus point for players. A bonus point is essentially equal to one penny, so 500 of them can be redeemed for a $5 free bet, while 10,000 bonus points equal $100 in free bet privileges.
William Hill US serves as Twin River’s third licensing partner
Having purchased three casinos in Black Hawk, and parlaying two of their licenses into DraftKings and FanDuel partnerships, Twin River had one more license to play with.
And with the company’s online/mobile operation in other states powered by William Hill US — the leading sportsbook operator in Nevada since 2012 — Twin River had an easy decision on its hand as to which app would receive the third.
As such, Colorado bettors using the William Hill app can enjoy a $50 free bet by using the bonus code “GET50” upon making their first deposit.
Subsequent deposits can then be used to collect $10 free bets when the bonus code “GET10” is plugged into the promo screen.
History of Colorado’s legal sports betting industry
Lawmakers on either side of the aisle seldom come together in bipartisan fashion anymore, but in Colorado, both parties warmly embraced legal sports betting last year.
Back in April of 2019, state representative and House majority leader Alec Garnett (D-Denver) officially introduced House Bill 1327 — better known as “An Act to Authorize and Tax Sports Betting.” Under his proposal, Garnett hoped to bring regulated sportsbooks to the Centennial State by allowing 33 casinos in three mountain towns — Black Hawk, Central City and Cripple Creek — to offer sports wagering services.
HB 1327 called for both brick-and-mortar sportsbooks at the casinos, along with online/mobile betting apps installed on Android- and Apple iOS-enabled devices.
Only days after being submitted, the bill was passed by the Colorado House of Representatives in an overwhelming 60 to 4 vote. Two weeks later, the state Senate voted 27 to 8 in favor of legal sports betting, with both margins displaying widespread bipartisan support.
Gov. Jared Polis put his pen to paper and signed the bill into law, but because Colorado’s constitution calls for voter input on any legislation containing new taxes, Proposition DD was added to the November ballot. Fortunately for local bettors, those new taxes are applied to operator revenue only, with a 10% levy on sportsbook “win” revenue contributing upward of $20 million annually to Colorado’s water conservation fund.
While oddly worded ballot language made it seem as though citizens would be paying additional taxes, voters saw through the subterfuge and approved Proposition DD with a slim 51.4% voting yes.
As any sports bettor knows well, however, even a one-point win counts as a cashed ticket — at least on a moneyline wager — so November’s vote finally made the Legislature’s efforts official. With the success of Proposition DD, Colorado joined 17 other states that had already taken advantage of 2018’s landmark decision by the US Supreme Court to overturn a federal ban on sports betting outside of Nevada.
Today, most of the major US online/mobile sportsbook operators — including DraftKings, FanDuel, William Hill, PointsBet, BetAmerica, BetFred and theScore Bet just to name a few — have partnered up with local casinos to serve bettors statewide.