Top Colorado Free Bets

By Ben Miles on
Free bets are a chance to wager without spending your own hard-earned cash. Check out our guide to the best free bets at Colorado sportsbooks to compare the top bonuses in the home of the Rocky Mountains, and sign up today!
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1. Bet Rivers Colorado
86%
100% up to $250

Reviewed & verified by our team

"Bet on a huge range of sports with Bet Rivers - there are over 15 to choose from including all the major leagues, European sport and NCAA tournaments"
Claim Bonus
Yes
Yes
New Customer Offer Grab the code 250MATCH your deposit will be matched to $250. Only 1x play through requirement. The Match Bonus is applied within 48 hours after using the code 250MATCH. Only one 250MATCH code may be utilized across all associated websites. 21+. Full T&Cs apply. Please gamble responsibly.
2. BetMGM Colorado
90%
Risk free first bet up to $1,000

Reviewed & verified by our team

"With a variety of banking options, promotional offers and an extensive selection of markets, BetMGM is one of the nation’s stand out sportsbook operators. "
Claim Bonus
No
No
New Customer Offer Deposit a minimum of $10 in to your account and place, as your first real money bet after opening your account, any sports wager. Only the first $500 of the first wager are eligible for this promotion. If your Qualifying Bet loses, you'll receive free bets back in denominations of 10% of the total number of free bet earnings you're eligible for. 21+. Full T&Cs apply. Please gamble responsibly.
3. Draftkings Colorado
81%
Get Up To $1000 Bonus

Reviewed & verified by our team

"With pools, you can bet on anything from football games to your favorite show. Keep an eye out for special promotions, including free bets, odds boosts and more."
Claim Bonus
Yes
Yes
New Customer Offer A customer's first deposit (min. $5) qualifies the user to receive up to $1,000 in bonus funds in the form of site credits that can only be used on DraftKings. Bonus amount is equal to 20% of that deposit amount, not to exceed $1,000 (the customer must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their customer account 21+. Full T&Cs apply. Please gamble responsibly.
4. Fox Bet
75%
Up To $50 Free Bet

Reviewed, rated & tested by our team

George Edwards headshot
"Sign up with Fox Bet to join the Stars Rewards loyalty program and receive a variety of rewards, from free bets to game tickets. Every week Fox Bet offers a “Thursday’s Can’t Lose” bet where bettors can receive up to $25 back in free bets if the promoted bet loses."
Claim Bonus
10
Yes
Yes
New Customer Offer New Player Sign up Bonus – Opt-in & place your first bet and if it loses, we'll refund it as a free bet up to $50. Minimum odds of -200 apply. Register and verify your account for real money. Click on the View Challenge button above and hit the Opt-in button before placing your first bet within the first 7-days of creating your account. After Opting-in, place your first real money bet within 7-days and if it loses, we'll refund it as a free bet up to $50. (Minimum odds of -200 apply) Refunds on your losing bet will be credited as a free bet after the qualifying bet settles. Free bet will expire 7-days after issuance. This offer applies to sports wagering only. FOX Bet customers only. Customers who have registered through PokerStars or PokerStars Casino are not eligible. 21+. Full T&Cs apply. Please gamble responsibly.
5. Fanduel Colorado
93%
$1000 risk free bet

Reviewed & verified by our team

"Bet with Fan Duel for some of the best promos available online - you can place same game parlays, and take part in weekly competitions like NFL Gridiron Pick'em"
Claim Bonus
Yes
Yes
New Customer Offer Join FanDuel Sportsbook today and make your first bet. If you lose, you get a refund of up to $500 in site credit (within 72h). Your first bet will qualify (If you have multiple selections on one betslip, it will be the first selection you made). 21+. Full T&Cs apply. Please gamble responsibly.
6. Pointsbet Colorado
74%
2 Risk Free Bets Up To $1500

Reviewed & verified by our team

"Pointsbet is home to a bunch of parlay specials - same game parlays, in-play parlays and parlay booster. Plus, no rollover requirements on free bets."
Claim Bonus
Yes
Yes
New Customer Offer Eligible clients are entitled to a maximum two (2) refunds. One (1) refund worth $1,000 in Free Bets for first PointsBetting wager should it lose and One (1) refund worth $500 in Free Bets for first fixed price wager should it lose. No refund are payable for winning, void or wagers resulted as a push. Unless otherwise stated, Risk Free promotions are capped at a maximum refund amount of $500. 21+. Full T&Cs apply. Please gamble responsibly.
🏆 Best Overall Score:
93%
🎁 Largest Free Bet:
$1000
đŸ€ Highest Deposit Match:
100%
đŸ’” Minimum Deposit:
$10
CO Betting Laws Explained

Is Sports Betting Legal in Colorado?

As with other states like Nevada, New Jersey and Pennsylvania, sports betting is now legal in Colorado. The first step towards this new era was the repeal of the federal Professional and Amateur Sports Protection Act of 1992, which was overturned by a decision in the US Supreme Court in 2018. Subsequently, the Colorado state legislature passed bill HB19-1327, which was confirmed by a public referendum later that same year. Supporters of legalized sportsbooks in the Centennial State won the vote by a narrow margin, paving the way for the first Colorado sportsbooks and online betting operators to open their doors – and websites – in May 2020.

Am I Eligible to Claim a Free Bet?

There are a few state laws and other regulations that govern who’s allowed to claim free bets at online sportsbooks in the Centennial State. So long as you tick all the boxes, you should be able to bag that bonus wager and boost your bankroll in no time.

  • Age — You have to be at least 21 years of age to legally partake in Colorado online betting. You’re not allowed an account if you’re lucky enough to be younger, let alone claim free bets and bonuses.
  • Location — State law says you have to be inside Colorado when you place your bets. Naturally, this stipulation is a given at in-person casinos, but the same goes for bets made using online Colorado sportsbooks.
  • ID requirements — Some online sportsbooks in CO will ask for identification documents when you sign up, to verify your age and other details. This will be a state-issued driver’s license or similar document.
  • Employee status — People who work for the sportsbook that’s offering the deal usually aren’t eligible for free bet bonuses. There are also restrictions in place for athletes from the National Collegiate Athletic Association (NCAA) and other professional sports bodies.
  • Deposit requirements — There is such a thing as a risk-free sign-up bonus, but it’s rare. Instead, most CO sportsbooks will require an initial deposit of real money to activate the bonuses.

When Do Bookies Offer Free Bets?

The most common reason that sportsbooks in Colorado offer free bets is to encourage new customers to join and make that first time bet. From the bettor’s point of view, it’s a convenient way to sample what a betting platform is like, while enjoying a wager on anything from the NHL and NFL to cutting edge esports. Sometimes, you’ll need to transfer over funds to claim the free bet, as you would with a deposit bonus. Other times, you’ll get something simply for signing up.

Free bets at Colorado sportsbooks aren’t always limited to new players, however, as you could also get the promotion if you’re an existing customer. Be sure to check your betting site’s promotion page regularly for updates on promotions and bonuses. These sorts of extras often appear when there’s a big sporting event on or can be offered as regular rewards to loyal sports bettors who make frequent deposits and qualifying wagers.

Claiming a Bonus

How Do I Claim a Free Bet?

It’s easy to claim a bonus once you’ve settled on the right choice for you — free bets are a sportsbook’s way to attract new customers, after all. Here’s a step-by-step guide on how to get started with a free bet.

  1. Compare sportsbooks
    Before commiting, compare and contrast the free bets available at various Colorado sportsbooks. To help you, we list all of the top betting providers in the Centennial State, ensuring that every single one has the proper licensing and meets all the necessary regulations to keep things safe and fun. We’ll also pick out any important terms and conditions you need to be aware of relating to free bet offers.
  2. Sign up for the sportsbook
    Once you’ve picked the betting site that suits you the most, you can sign up and claim your free bet. To do this, follow our link to go straight to the new account registration page on the site. Once there, you simply have to input all the requested details and accept the terms and conditions. You may also be required to provide extra identification documents. Finally, you should opt-in to the free bet offer, which is usually as simple as ticking a box or entering a promo code.
  3. Make your first deposit
    Some free bet bonuses don’t require you to make a deposit before you get to wager. Other sites will ask you to make a minimum payment before you can claim your prize. To make a deposit, simply click on the wallet or cashier area of your user account and select a payment method. Many of the Colorado online betting sites we recommend accept multiple payment options, from credit and debit cards, to e-wallets like PayPal.
  4. Claim your free bet
    Once you’re signed and have deposited some funds into your account, you can choose your betting market and place your first wager. Some sites will ask you to decide whether you want to use the free bet bonus as your stake or go with your own cash deposit. Remember that if you use the free bet, you’re probably going to need to satisfy wagering requirements before you can cash any winnings back into your bank account.
Terms and Conditions

Keep an Eye On the Terms and Conditions

It is important to remember that terms and conditions will likely apply to most free bets. These terms are the sportsbook’s way of limiting a member’s ability to reap huge financial rewards using the bonus. Some common terms and conditions applied to free bets at Colorado betting sites include:

Time Limit

It’s normal for free bets to be subject to a time limit, meaning you’ll have to use your free bet bonus by that deadline for it to be valid. Limits can vary depending on the bookmaker you use, ranging anywhere from just 24 hours to 30 days.

Wagering Requirements

If your free bet is subject to a wagering requirement, you’ll need to wager a certain amount before you’re able to cash out your bonus funds. For example, the wagering or playthrough requirement may be 2 times your bonus, meaning you’ll have to wager double the amount you’ve received in free bets before you can withdraw your cash. This is one of the most important things to check in the terms before you sign up.

Minimum Odds

Bookies don’t want you chasing that wagering requirement with sure-thing bets. That’s why betting sites will often require you use the free bet on odds of a minimum value. So, if the odds on the Giants trashing the Jaguars are just too low, for example, you might find any winnings on that game won’t count towards the total you need to hit. Minimum odds are typically between 1.50-2.00.

Market Restrictions

The best betting sites in Colorado offer players a vast range of sports markets, from moneylines to future bets, as well as sports from all over the globe. However, you may find that the bonus funds can only be used on certain markets and sports. It’s pretty important that you check this out before you sign up just so that you know how you can use your free bet.

CO Mobile Free Bets

Claiming a Free Bet on Mobile

The best Colorado online betting sites are optimised for use on your phone or tablet’s browser. What’s more, you may be able to download a dedicated betting app to your smart device, with versions available for both iOS and Android handsets.

We’d say using these native sportsbook apps is a better option than relying on the mobile version of a betting website. Not only are apps designed with your specific smartphone or tablet in mind, providing sleeker functionality, you also don’t have to rely on your browser to access them. Plus, you can activate push notifications which will alert you to the latest free bet bonuses and other offers.

Compare & Bet

Ready to Sign Up to a Colorado Free Bet?

Betting apps are the most convenient way to bet on the latest sporting action when you’re on the move. So in order to find the one that best suits your needs, simply check out our in-depth reviews of the top CO sportsbooks and follow the link we’ve provided to sign up to your favorite.

FAQs

Can I use my free bet in Colorado on a parlay or acca bet?

This will depend on which site you sign up to. Some sites will allow you to include your free bet in your parlay selection, while others sportsbooks won’t. It’s best to check out the terms and conditions of the promotion before you claim it just so that you know exactly how it can be used.

Can I cash out my free bets?

No, free bets are not the same as having cash in your sports betting account. You can bet with them, of course, but you won’t be able to withdraw the bonus or associated winnings as real money without hitting a wagering requirement.

Can I use multiple free bet tokens on the same wager?

There are rules surrounding the use of free bets, where most bookies will state that bettors can only use one free bet token per wager. For example, if you have two $10 free bet tokens, you’ll have to use each one for a separate wager. Most sportsbooks also have terms and conditions stating that free bets can’t be used in conjunction with any other bonus or promotional offer.

Can I cash out on an in-play wager made using a free bet token?

Virtually all bookies have terms and conditions that place limitations on the use of your free bet. This includes the minimum odds of your wager, the sports you can wager on and the ability to cash out. It’s worth reading the terms and conditions of your free bet offer before claiming if you’d like to have cash out available.

How do I know if I've qualified for a free bet?

Most bookies will prominently display any free bets available, usually in close proximity to where you would usually see your balance. You may also find this information under a section most bookies call ‘My Account’. Here, you’ll usually see which free bets you’ve qualified for, details of what you can use your free bets on, and when your free bet expires.

References

See our references & visit related external links

Please note that Compare.bet is not responsible for the content of third-party websites.

  1. denverpost.com – ‘How does sports betting work in Colorado?’
  2. igamingbusiness.com – ‘Colorado prepares for sports betting launch’
  3. sportshandle.com – ‘Colorado Bill Heading to Governor’

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Ben is deputy editor at Compare.bet, specialising in all things gambling and football. He has an MA in American History and extensive writing experience with bylines in a range of different publications, from Breaking the Lines to CLASH. As well as covering Premier League for The Warm Up, he also writes about the Championship and a range of European football topics. In his spare time, Ben enjoys music production and playing football.