Within the article below, we will be taking a deep dive into the free bet promotions available in Colorado. Going over the types of promotions to expect, while also looking through the free bets available on top sportsbooks.
Best Free Bet Promotions in Colorado
As stated, there is a wide variety of free bets available to Colorado bettors, with many being quite lucrative.
In the section below we will be outlining the best free bet promos available to bettors in Colorado.
1. BetMGM — Great Refer a Friend Bonus
First, on our list of operators, we have the world-famous BetMGM, a sportsbook with some of the best software worldwide. Originally known for its in-person casino, BetMGM confidently lives up to MGM’s stellar history.
It also doesn’t hurt that BetMGM offers a revolving set of top-tier promotions, to keep up with current trends.
As for free bets, BetMGM is offering a lucrative refer a friend bonus to all bettors on its platform. Earn a $50 free bet for both you and your friend when they sign up. Not a bad way to get started!
2. DraftKings — Money Back Same-Game Parlay
Next, we come to one of the largest and fastest-growing fantasy providers and sportsbooks in the US, DraftKings. Known for offering great odds across the biggest sporting leagues, with a large focus on the NFL.
The bonus we will be highlighting is DraftKings No Sweat SGP, a same-game parlay that gives you a bonus bet back if you lose. To clarify, all you need to do is place a 3+ leg NBA bet, and if that bet loses, receive a free $10 bet voucher.
All in all, although it’s not a no-deposit bet, it still makes your NBA same-game parlay completely free.
3. FanDuel— Great Free Bets Section
Like DraftKings, FanDuel has seen a meteoric rise in popularity in the last several years, a big jump from its fantasy days. This rise has been due to several reasons, not the least of which is its great odds, and ease of access.
As for the promotions available on the FanDuel sportsbook, you will find a host of both free and paid promotions. Across both promotion types, there is much profit to be made.
FanDuel specifically maintains a “Free to Play” section where you will find all its free bets. One such example is NBA Perfect Picks, just answer a few questions about NBA players for a chance to win $1,000.
4. BetRivers— Free Prizes Contest
Coming in at number 4 on our list of sportsbooks is BetRivers, the self-proclaimed fastest-growing sportsbook in America. Since BetRiver’s entrance into the sports betting market, it has invested heavily in both its sportsbook and online casino.
This means aside from just promotions and odds, BetRivers has taken the time to ensure their software is of the highest quality.
On the promotion end of things, we will be looking at the platform’s Free2Play Contest, a weekly free contest to win prizes. All one must do is answer 9 questions that test your sporting knowledge.
5. PointsBet— 5 Days of Free Bets
Emerging onto the American market in recent years, we have PointsBet, Australia’s most prolific operator.
PointsBet truly has a lot going for it, from competitive odds to its stand-out rewards programs. PointsBet knows what it’s doing. A great example of this is in its Platinum and Diamond rewards clubs, rewarding active bettors as much as they can.
PointsBet currently doesn’t maintain any no-deposit bonuses, however, it does offer up to $500 in free bets to new customers. For 5 days, win up to $100 back when you place a wager, essentially making your first 5 wagers free.
6. William Hill— Huge Value Refer a Friend Bonus
Next, we come to William Hill, an operator with a long legacy of sports betting greatness. William Hill’s parent company, Caesars, truly went all out on the sportsbook, making an amazingly minimalistic and easy-to-use platform.
The bonuses offered by William Hill and Caesars come in a variety of shapes and sizes, from profit boosts to no-deposit bonuses.
The main promotion we will be looking at is William Hills’ large Refer a Friend Free Bet Voucher worth $100. All you have to do is send your friend an invite and have them set up their account.
7. Unibet — Free Bet Club
Originally from the European market, Unibet offers a refined and evidently experienced sports betting platform. The platform has leveraged much of its decades of experience to offer one of the best overall sportsbooks available in the US.
Unibet’s’ free bet offer comes in the form of their first bet offer worth up to $500. The only downside is that you do have to place a minimum bet of $10 to qualify for the offer.
8. Bet365 — Huge Value Welcome Offer
At number 8 on our list of sportsbooks, we have Bet365, a sportsbook with a huge presence across the globe. Due to this worldwide appeal, Bet365 has ensured that its soccer odds are top tier.
Additionally, for the US market, Bet365 has upped its game, offering amazing NFL and NBA odds throughout the sportsbook.
The promotion that most stood out to us was its New Customer Offer, where bettors can bet $1 and instantly get $200 in free bets.
It may sound too good to be true, but regardless of if your bet wins or loses, you will receive $200 in free bet credits.
9. WynnBET — $1000 Free Parlay Bet
At number 8 we have WynnBET, owned and operated by one of the nation’s most beloved gambling brands, Wynn Resorts.
From our analysis of the platform and its promotions, its easy to see WynnBET’s focus on anything NFL-related. That is to say, most bonuses and promotions available on the platform are for NFL events.
The promotion we will be specifically looking at is its Biggest Winners Club, where bettors can bet as little as $5 and win $1,000.
Again, it may not be a 100% free bet, but it is a huge value promotion with an insignificant buy-in when compared to the winnings.
10. Betway — $250 Free Bet
Last but certainly not least, we come to number 10 on our list of sportsbooks, Betway. The European operator has decades of experience in the sports betting market, dwarfing many American competitors.
With that experience comes an elegant betting platform combined with a stellar user interface, culminating to make a great sportsbook.
With such a spectacular sportsbook, Betway has ensured that its promotions follow suit in terms of quality.
Currently, Betway is offering a $250 Free Bet Sports Welcome Offer. To qualify for this offer, one must place a minimum bet of $10, if you lose, your entire bet will be refunded.
What is a Free Bet?
First bet offers in Colorado can take many different shapes and sizes, but the premise is always the same, letting people bet for free. Usually consisting of free bet vouchers, free bets allow bettors to maximize profits on every bet.
Simply put, there is no risk if your funds aren’t on the line, winnings are yours to keep, and the sportsbook covers losses.
This type of bet is often used to attract new bettors to the platform, giving them an easy way to start betting. It’s harder to get someone to use your platform when there is a chance they’ll lose money.
What Types of Free Bets Can Colorado Bettors Get?
Free bets in Colorado barely scratch the surface in terms of the overall promotions and bonuses available.
As we explored earlier, most free bets available work simply, allowing bettors to place wagers without any risk. These types of wagers act drastically differently than types of promotions and bonuses, such as profit boosts.
No-deposit bonuses for example, offer a huge value to bettors, thereby increasing the volume of new bettors on the platform.
Below, we will be elaborating on the different types of free bets available to Colorado bettors. We will make sure to highlight the benefits of each promotion type.
No Deposit Bonus
No deposit bonuses can be commonly found across most top US sportsbooks, mainly due to the promotion style having huge popularity. With no-deposit bonuses, players acquire a set amount of funds without ever having to deposit funds of their own.
With that in mind, it should come as no surprise that no-deposit bonuses can be quite rare. Sportsbooks often prefer other types of promotions. Since the bet is completely funded by the sportsbook, you will often find the value ranging from $5-$30.
The goal of such bonuses is primarily to entice new bettors to sign up and deposit money later.
Matched Bet
Matched betting is a specific strategy used by many of the nation’s top bettors, taking full advantage of all sportsbook promotions available.
For those wondering what exactly a matched bet is, matched betting is when you place a bet on all outcomes of an event. By doing this you are ensuring you receive a payout regardless of the outcome of the wager.
The betting style is so popular due to its ability to maximize a bettor’s profit while mitigating any risk.
When attempting to match bet, be sure to look at the sportsbook’s terms and conditions; you don’t want to get into any legal trouble.
Loyalty Programs
Loyalty programs are incentives offered by most sportsbooks to their most loyal bettors, giving them additional rewards. Oftentimes these rewards programs are set up to encourage active players to bet more, rewarding bettors the more active they are.
These loyalty programs usually function through a points system, in which bettors earn points for every dollar spent on wagers. These points are then to be used later to redeem free bets, rewards, and other bonuses.
Bettors will find that on most sportsbooks, there is at least some form of loyalty program. Regardless of naming conventions, VIP, loyalty, or otherwise, the meaning behind the name is the same.
How Do Colorado Free Bet Promotions Compare to Other States?
Colorado online free bets compare amazingly when looking at other states, in both value and variety of choices. Colorado is doing quite well.
As we explored in the article above, the free bets in Colorado can range from first bet offers to no deposit bets. This gives bettors an ample number of choices to pick from when considering what sportsbook to bet with.
It also doesn’t hurt that the state carries a small 10% tax rate on sportsbooks, allowing them to dish out many higher-valued promotions.
When compared to the rest of the country, Colorado ranks in the upper half, beating out many states such as New York.