NBA Betting Guide

Home to the Denver Nuggets, Colorado features numerous fans of the National Basketball League. A good portion of these fans enjoy betting on the NBA too.

Colorado’s regulated sports gambling market offers many chances to wager on professional basketball. It features plenty of bookmakers and bet types.

This guide discusses the finer points of Colorado NBA betting, including the top apps/sites, getting started, and FAQs.

Best Colorado NBA Betting Sites

Several sportsbooks serve Colorado’s 5.7 million residents. Here are the best of the bunch in terms of markets, bet types, bonuses, customer service, and other important aspects.

SportsbookLaunch Date
DraftKingsMay 1, 2020
William HillMay 1, 2020
PointsBetMay 1, 2020
Circa SportsMay 1, 2020
Wynn ResortsMay 1, 2020

Getting started with Colorado NBA betting

Each Colorado operator makes it easy to get started with NBA gambling. Anybody who needs help in this department, though, can see more on how to start placing basketball wagers below.

1. Meet the minimum age requirement

The Colorado Division of Gaming requires that all bettors be at least 21 years of age or older. Gamblers must enter their birthdate when registering at sportsbooks.

Those who lie about their birth date and place wagers when they’re younger than 21 are breaking the law. Therefore, bettors should be completely honest in this aspect.

2. Understand geolocation

The Division of Gaming demands that gamblers be located within Colorado’s boundaries. They require sportsbooks to use geolocation software to enforce this regulation.

Geolocation uses bettors’ Wi-Fi signals to pinpoint their location. This technology is highly accurate and does a good job at ensuring that gamblers are indeed within state lines.

3. Register for an account

CO sportsbooks require all gamblers to have an account. Each bettor must enter basic information during registration, such as the following:

  • Name
  • Email
  • Phone
  • Username
  • Password
  • Bonus code
  • Birthdate
  • Last four digits of social security number

The reason why bettors must enter the last four digits of their social is for identification purposes. Bookmakers must ensure that they’re not accepting gamblers who are on the state’s self-exclusion list.

4. Fund your account

Every Colorado bookmaker offers a variety of deposit methods. These options include bank transfer, cash, credit card, debit card, e-wallet, and prepaid cards.

Deposit & withdrawal options

Plenty of reputable financial institutions serve the Centennial State. Here are some of the brands that allow sports gamblers to make deposits:

  • ACH (e-check) – ACH lets people transfer money from their bank to a betting site.
  • Credit card – Visa and Mastercard are available at each bookmaker. American Express and Discover are options at some sites.
  • E-wallets – Available Colorado e-wallets include Neteller, PayPal, and Skrill.
  • PayNearMe – Found at 7-Eleven, this option allows one to use cash to buy prepaid deposit vouchers.
  • Prepaid card – Certain bookmakers offer branded prepaid cards as deposit methods.

Here are the methods that can also be used to cash out:

  • ACH – This option can also be used to send funds back to a bank account.
  • E-wallet – Another payment method that works for withdrawals too.
  • Check – Gamblers can request a paper check from sportsbooks.

Colorado NBA betting apps

Many Colorado mobile sportsbooks feature online betting apps. However, they can each differ on which operating systems they offer apps for.

Available for Android & iPhone

Bookmakers may feature apps for both Android and iOS (iPad & iPhone) users. If so, they should include links on their homepage.

The Android link will let a gambler download an app directly from the website. The iOS app sends one to the appropriate section of the Apple App Store.

Google Play & Apple policies

Google Play doesn’t allow real-money gambling apps in its US-facing store. Therefore, sports betting operators simply let users download Android versions off their website.

Apple does allow real-money betting apps in its US store. However, they require that developers code in the native iOS language.

The latter has been a hang-up for some online sportsbooks in Colorado. Such a process brings more costs than simply coding cheaper HTML versions.

In-browser betting

If a sportsbook doesn’t feature an Android or iOS app, they’re sure to offer in-browser gambling for each respective group.

In-browser betting refers to when one places bets and deposits through their internet browser. Operators use Secure Sockets Layer (SSL) to protect their sites and customers’ information from hackers.

Available NBA bets in Colorado

The Centennial State offers all major types of NBA bets. Here are the various types of NBA wagers that are available.

Moneyline

A moneyline is a straight-up wager on which team will win. However, the favorite pays less to create more-equally distributed betting action.
Here’s an example:

  • Dallas Mavericks +145
  • Denver Nuggets -175

Dallas will pay $145 for every $100 wagered in the event of a successful wager. The favored Nuggets will pay $100 for every $175 risked.

Point spread

A point spread handicaps both sides to make the favorite and underdog more attractive. The favorite must win by a certain amount of points, while the underdog needs to avoid losing by so many points.

Here’s an example:

  • Sacramento Kings +7.5 (-110)
  • Utah Jazz -7.5 (-110)

Sacramento can lose by seven or fewer points and deliver a successful wager. Meanwhile, Utah must win by eight points or more. The -110 odds indicate that one is wagering $110 for every $100 they wish to win.

Over/Under

An over/under (a.k.a. totals) revolves around the combined score from two teams. Gamblers wager either over or under the given line.

Here’s an example:

  • OKC Thunder vs. San Antonio Spurs
  • Over 206.5
  • Under 206.5

Those betting the “over” need OKC and San Antonio to collectively score 207 points or more. Gamblers taking the “under” want the teams to score 206 points or less.

1st Quarter

NBA games feature four quarters that are each 12 minutes in length. Bettors can wager on which team will win the first quarter.

Here’s an example:

  • Chicago Bulls +2.5 (-110)
  • Indiana Pacers -2.5 (-110)

First quarter lines are typically around one-fourth of the game’s total point spread. However, they can also reflect a team’s tendency to jump out to big leads or start out slowly.

Halftime

A halftime line involves the same concept as a quarter line. The main difference, though, is that it includes either the score of the first or second half.

In a second-half-wager, the scores reset to zero. So, a 51-47 halftime score would be considered 0-0 heading into the third quarter.

Parlays

A parlay involves two or more teams. Every game that a bettor chooses in a parlay must win; otherwise the wager is a loss.

Here’s an example:

  • Toronto Raptors (+2.5) vs Boston Celtics (-2.5)
  • Miami Heat (+1.5) vs Brooklyn Nets (-1.5)
  • Chicago Bulls (+10.5) vs Milwaukee Bucks (-10.5)

Parlays present a difficult challenge when considering that each leg much be successful for a winning bet. However, they also pay more than a standard moneyline or point spread relative to the amount wagered.

Futures

A future is based on an outcome that will be decided in the future. For example, many bookmakers release odds on which team will win the NBA Championship during the preseason.

NBA prop bets

A prop bet is based on an outcome that isn’t directly tied to the final score. One example would be wagering on the leading scorer of a specific game.

Live betting

Live wagers become available while a game is taking place. For example, a sportsbook may release a new moneyline after the underdog takes a big lead. This line will reflect the underdog’s improved chances of winning.

FAQs on Colorado NBA betting

When did Colorado legalize NBA gambling?

Colorado lawmakers introduced a sports betting referendum to voters on Nov. 5, 2019. State residents approved “Proposition DD,” thus paving the way for legal sports gambling. The legislature drafted HB19-1327 to govern the Colorado betting market.

What is the minimum age for NBA betting?

Sports gamblers must be at least 21 years old to legally place bets in Colorado. Each sportsbook requires bettors to submit their true birthdate when registering. Anybody caught wagering under the age of 21 will be violating state laws.

How does geolocation work?

Geolocation uses gamblers’ Wi-Fi signals to determine their location. Anybody located outside of Colorado will receive a warning that it’s against the law to bet outside of state boundaries.

Is Colorado NBA betting fair?

Yes. The state Division of Gaming examines applicants to guarantee that only fair bookmakers can operate in the market. They also monitor the industry to ensure that all licensees are operating according to state guidelines.

Do Colorado NBA sportsbooks offer bonuses?

Colorado betting sites feature a variety of welcome bonuses. Each bonus can offer one or more of the following:

  • Free play – Offers a certain amount of free funds ($10) that gamblers can use to bet with.
  • Free betFree bets give bettors a chance to win back losses on their first wager up to a certain amount.
  • Deposit bonus – A match-percentage bonus that’s based on one’s deposit amount (e.g. 100% match bonus up to $100).

Is college basketball betting legal in Colorado?

Yes. Gamblers can even wager on in-state college basketball teams, such as the Colorado State and the University of Colorado. Prop bets are the only minor exclusion from the state’s NCAA basketball betting.