Some sports betting offer 150% or 200% matched deposits, while others might go to 300% or 400%, but they may only allow you to deposit a small amount when seizing this free bet bonus. Then have a look at the promotions page and pick your favorite sports betting bonus. Deposit your desired amount, enter a code if necessary and your bankroll will be charged in no time. Q: What are the best online sportsbook bonuses? It is wise to consult our table at the beginning of the page. We make sure to include the best betting bonuses.

Like any bonus, there are strict wagering requirements to fulfil before you can withdraw any winnings accrued. No Deposit Bonuses tend to have higher wagering restrictions than deposit bonuses and other promotions, However, more and more online bookmakers are moving away from No Deposit Bonuses. As these types of bonuses may attract players who are looking to grab something for nothing. Sportsbetting started off as an online sportsbook, and was one of the first online sportsbooks to have emerged. Over time, the company decided to expand its business and Sportsbetting Casino was introduced. In addition to betting and casino, Sportsbetting also operates an online poker site and financials betting.

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A no deposit sportsbook bonus is perhaps the holy grail of online sports betting promotions. Who doesn’t want the opportunity to win money without any risk?! The chance to place a free bet on your favorite sports team without depositing any of your own money is too good to pass up.

In this guide, we break down no deposit bonuses, how they work, who they are geared towards, and why they can be challenging to find.

Read on to discover the pros and cons of no deposit bonuses compared to other sportsbook promo offers.

What Is a No Deposit Sportsbook Bonus?

A no deposit bonus essentially allows you to “try before you buy” at an online sportsbook. All you have to do is sign up to place a free bet. If you win, you keep the winnings, subject to terms and conditions. If you lose, well, no harm, no foul. After all, you haven’t put up any of your own money yet.

The biggest difference between a sports betting site no deposit bonus and other risk-free bet offerings is that most risk-free bonuses require the bettor to make a deposit first, whereas a no deposit bonus does not (duh!).

So, why would an online sportsbook offer you the chance at free money?

From the sportsbook’s perspective, the bet (pun intended) is that win or lose, you’ll enjoy the experience on their betting website or mobile app and decide to stick around.

As we explain in the next section, you often need to continue using the site if you want to collect the winnings on your free bet.

How Does a No Deposit Bonus Work?

Like any other promotional offer at a sportsbook, no deposit bonuses are there to entice new customers. Taking advantage of these promotions is an easy way to grow your bankroll, but they all come with important conditions you should understand.

As a no deposit bonus does not require you to start with any of your own money, the process is straightforward. Simply sign up for an account with an online sportsbook, study the odds, and place your bet for the allowable amount(s).

Sometimes, the sportsbook will offer a no deposit bonus in the form of a single $10, $20, or $25 free bet. In other instances, the sports betting site may provide a series of smaller free bets, such as five $5 wagers. Multiple free bets let you try out both the site itself and various types of wagering.

It’s easy to think of a no deposit bonus as a way to place a free bet, withdraw the winnings, buy yourself a beer, and move on. Unfortunately, that’s not quite how it works. There is usually a waiting period and sometimes other requirements before you can withdraw any winnings.

Sportsbooks often implement play-through obligations on no deposit offers. Play-through conditions stipulate that in order to withdraw any bonus winnings, you’ll have to keep playing until you’ve wagered a specific dollar amount or placed a certain number of bets. This is also known as a rollover, and there is often a time constraint attached to it.

Other wagering requirements for no deposit bonuses may include:

• Stipulations on minimum odds (typically -200 or higher)
• Restrictions on which sections of your sportsbook you can use your bonus on

As with any sportsbook promo you choose, always read the fine print!

Who Are No Deposit Offers Geared Towards?

No deposit bonuses are very much geared towards new online betting app users and first-time bettors.

These promotions allow you to test out a betting site or app without making any commitments. That makes them particularly appealing to a casual or even diehard sports fan who has never gambled before. You can give sports betting a try without transferring any of your money out of your bank account.

Experienced sports bettors who are ready to deposit money into an online account may prefer other promotions such as risk-free bets, matched bet bonuses, and deposit matches. While these bonuses require you to make a deposit, they offer much bigger increases to your bankroll. Expect these offers to come with higher rollover requirements, though.

Just as line shopping is essential to finding the best odds, comparing bonus terms is key to finding the promotion that is right for you.

How to Find No Deposit Bonuses at Sports Betting Sites

Sports betting sites offering no deposit bonuses are increasingly hard to find. Deposit match offers or risk-free bets are much more common in the industry today. However, most other risk-free bets require you to make an initial deposit to access the bonus.

No deposit bonuses are rare because the terms are highly favorable to the bettor. The sportsbook collects your contact information but does not hold on to any of your money.

That said, no deposit bonuses still exist. You’re most likely to find them when a sportsbook launches in a new market, as online operators seek to introduce sports betting to new bettors and attract customers early on.

Note that you may come across no deposit bonuses that are only accessible through a referral link.

Here are the best no deposit offers our reviewers could find:

Disclaimer: Promotions change frequently. The examples above were current at the time of writing but may no longer be available.

Pros & Cons of No Deposit Bonuses

Each type of sportsbook bonus and promotional offer has its pros and cons. Here’s what you should keep in mind when considering no deposit sports betting bonuses:

Pros

• No deposit required
• Chance to win free money with truly no risk
• Test out online sports betting for free, with no commitments
• Fewer rollover requirements than other promotional offerings

Cons

• Smaller bonus amounts (typical range is $10 to $25)
• Usually require a waiting period before cashing out
• Can be hard to find

Online Sports Betting No Deposit Bonus Offer

The Bottom Line

With so many online sportsbooks competing for your business, there’s no shortage of sign up promotions to take advantage of.

Sports Betting Dime is here to help you make informed decisions and find the online sports betting site that’s best for you. Our extensive set of guides to sports betting bonuses will help ensure you don’t leave any money on the table!

Colorado online sports betting kicked off on May 1, 2020. There are 16 licensed Colorado online sportsbooks. Most offer sign-up bonuses including free bets and deposit bonuses that lure players to their sites instead of their competitors. Each has its own set of terms and conditions, and we cover them below so you can find the best deal for your level of activity.

**Some of the products featured here are from our partners who compensate us. This does not influence our evaluations. Our opinions are our own. All bonus and promotions have Terms & Conditions that apply. 21+ for legal online gambling sites. If you think you have a gambling problem, please call 1-800-522-4700.

Best Online Sports Betting Bonuses In Colorado

While most Colorado sportsbooks offer bonuses, some are notable for new bettors. Here are the eight best welcome bonuses in Colorado:

• William Hill – Claim A $500 Risk-Free Bet
• BetRivers – Claim A $250 Deposit Bonus with 100% Match
• FanDuel – Claim A $1,000 Risk-Free Bet
• SportsBetting.com – Claim A $150 Deposit Bonus
• BetMGM – Claim A $600 Risk Free Bet Bonus – Use bonus code SHARP
• PointsBet – Claim A Two Risk-Free Bets, up to $2,000 – Use bonus code BIGBONUS
• DraftKings – Claim A $1,000 Deposit Bonus with 20% Match
• FOX Bet – Claim A $500 Risk-Free Bet

Online Sports Betting In Colorado

William Hill Colorado

Bonus: $500 Free Bet

Claim Bonus: Willaim Hill $500 Free Bet

Defense Dollars: Wager $50 or more on the pregame or full game spread on the Washington Huskies vs. Oregon Ducks game. Earn a free bet for your team’s defense:

• $1 per sack
• $2 per fumble recovery
• $3 per interception
• $7 per defensive touchdown
• $10 per safety

Remember, the risk-free bet must be used within seven days from the date it’s awarded. Don’t let that free bet go to waste!

BetRivers Colorado

Bonus: 100% up to $250 Deposit Match

Claim Bonus: BetRivers Sportsbook Bonus of $250

Colorado became the fourth state BetRivers launched in after Pennsylvania, Indiana, and Illinois. (It launched in Iowa shortly afterward, too.) BetRivers is owned by Rush Street Interactive, the same company that operates SugarHouse Online, but Coloradans won’t get access to that site. BetRivers has a number of loyalty perks and rewards to Colorado sports bettors and is offering up to a $250 match for deposits through our exclusive link. BetRivers will match each dollar bettors deposit with a site credit up to $250. Bettors also have to use that money to bet, with BetRivers releasing one site credit for every dollar in wagers. It has the best rate of reward among Colorado deposit bonuses. But it’s far from the largest.

FanDuel Sportsbook Colorado

Bonus: $1,000 Risk-Free Bet

Claim Bonus: FanDuel Sportsbook $1,000 Risk-Free Bet

FanDuel is another licensed daily fantasy sports company that entered thelegal sports betting industry in Colorado. You receive $5 in your account immediately upon signing up. You’ll receive another $5 upon making a deposit. FanDuel’s main welcome bonus is its $1,000 risk-free bet. You’ll receive a free bet for your first wager’s amount. If it loses, your account is reimbursed for the losses, up to $1,000. Winnings are eligible for cashout, but the site credits cannot be withdrawn.

SportsBetting.com

Bonus: $150 Deposit Bonus

Claim Bonus:SportsBetting.com $150 deposit bonus

SportsBetting.com launched in Colorado after partnering withJohnny Nolon’s. SportsBetting.com offers a 100% up to $150 deposit bonus for new customers.

Bonus: $600 Risk Free Bonus

Claim Bonus:BetMGM Sportsbook $600 Risk Free Bet Bonus – Use bonus code SHARP

Bet MGM is operated by MGM Resorts out of Las Vegas. It offers a risk-free bet up to $600. However, bettors must use their first bet to take advantage of this bonus. If bettors lose their first bet, then BetMGM will add risk-free bets to bettor accounts. If bettors wager $49 or less, they’ll get one risk-free bet that’s equal to their first bet. If bettors wager $50 or more, then bettors will get five risk-free bets that are each worth a fifth of their first bet. So, a $600 losing wager would get bettors six $100 risk-free bets. It’s a little confusing, but the bottom line is bettors will get their losing stake back in the form of risk-free bets.

PointsBet Colorado

Bonus: 2 Risk-Free Bets up to $2,000

Claim Bonus: PointsBet Sportsbook $2,000 Risk-Free Bets – Use Bonus Code BIGBONUS

PointsBet offers a little something different-a dual risk-free bonus bet offer. New accounts can receive two risk-free bets, one up to $500 on a fixed-odds bet, and $1,500 for PointsBetting. PointsBetting is a spread bet which allows bettors to wager on how much their team will cover the spread by. The reward multiplies depending on how far over the threshold your team is when the game concludes. If you can guess how much you’ll win, you can be rewarded exponentially. But it’s a tricky bet. Best of luck if you attempt it.

DraftKings Sportsbook Colorado

Bonus: 20% up to $1000 on deposit.

Claim Bonus:DraftKings Sportsbook Bonus of $1,000

DraftKings is best known in Colorado as a legal daily fantasy sports site. It’s been a licensed daily fantasy site in Colorado since 2016. Now you can bet on sports through DraftKings’ app and website.

New DraftKings sportsbook players can earn up to $1,000 in deposit bonuses. When making a deposit, bettors can earn $1 in site credits for every $5 they deposit, up to $1000. That means a $5,000 deposit would receive the maximum bonus. However, DraftKings also has a playthrough requirement. Bettors get $1 in site credits for every $25 they ager after depositing. Bettors have 90 days to meet the playthrough requirement to maximize this bonus. You’ll be rewarded in proportion to how much you deposit and wager, so make your first deposit and subsequent bets count!

Additional terms and conditions apply.

FOX Bet Colorado

Bonus: $500 Risk-Free Bet

FOX Bet offers new players a $500 risk-free bet on their first wager. However, it’s only good for your first wager, so make sure you don’t miss it. Bettors must place a bet on a line with odds of -200 or more to qualify. If you lose, you’ll get site credits that match your stake up to $500. If you win, then congratulations. Enjoy your winnings.

BetMonarch

Bonus: None available

BetMonarch is the first homegrown sportsbook to launch in Colorado, both owned and operated locally. The new app launched in May 2020, about a week after Colorado legal sports betting went live. As the name suggests, BetMonarch is attached to the Monarch Casino in Black Hawk, and bettors will also be able to place bets at the retail sportsbook in person once Colorado casinos reopen.

SBK

Bonus: None Available

SBK is an online sportsbook from Smarkets, a European sports betting company based in the UK. SBK launched on June 4 and gets its odds from its betting exchange overseas. That means that SBK’s odds are particularly competitive. But Colorado sportsbooks that offer bonuses or boosts can have better odds on certain lines than SBK.

Sky Ute Sportsbook

Bonus: None Available

Sky Ute Sportsbook is the online sportsbook from the Southern Ute Indian Tribe. Sky Ute Sportsbook launched on June 9 and is currently not offering a sign-up or deposit bonus.

Circa Sports

Bonus: None available

Circa Sports is an online sportsbook that started in Las Vegas at the D and Golden Gate. Colorado is its first online sportsbook outside of Nevada and promises to have high limits and great odds.

BetWildwood

Bonus: None Available

BetWildwood is an online sports betting site operated by Wildwood Casino. It offers no welcome bonuses and tends to have low odds compared to its competitors.

theScore Bet

Bonus: $1,000 Deposit Bonus with 5% Cash Back + $500 Risk-Free Bet

theScore Bet offers two welcome bonuses: the $1,000 deposit bonus and the $500 risk-free bet.

The deposit bonus rewards bettors for their first deposit, up to $1,000. But to unlock that bonus, bettors need to wager. Bettors get 5% cash back on every wager for 60 days to slowly unlock the cash bonus they earned from their first deposit. That means to get the full $1,000, bettors must:

• Deposit $1,000 on their first deposit.
• Wager $20,000 in 60 days.

Long story short, bettors will be rewarded in proportion to their play.

theScore Bet also offers a $500 risk-free bet. theScore Bet refunds your first bet if it loses for the amount bettors wagered, up to $500.

Elite Sportsbook

Bonus: $500 Risk-Free Bet

Elite Sportsbook is partnered with Red Dolly Casino. They are offering first-time users a $500 risk-free bet of up to $500 on their first bet. With a risk-free bet, the first bet is the one to go big on.

Betfred Sports

Bonus: $500 Risk-Free Bet

Betfred is a European operator that partnered with Saratoga to launch its online sportsbook in Colorado. Betfred is an official partner of the Denver Broncos and offers new players up to $500 risk-free bet when they sign up.

Superbook Sportsbook

Bonus: None Available

Superbook is a recent Colorado entrant that promises bonuses soon. Colorado is its first state after Nevada, and it’ll be heading into New Jersey next.

Colorado Sports Betting Sites Launching Soon:

888 Sportsbook

888 Sportsbook isn’t here yet. But when it is, it offers a $500 risk-free bet. However, that could change for Colorado before launching.

Bet365

Bet365 is a maybe, too. However, if it comes to Colorado, bettors would be able to claim a $100 first deposit bonus. It’d be the smallest deposit bonus in Colorado at that rate.

BetAmerica

BetAmerica is best-known as a horse racing betting company. It is owned and operated by Churchill Downs. It has been licensed in Colorado in the racing industry for years. However, its casino bonus is more generous than its sportsbook bonus. New casino players get a $500 deposit bonus. New sportsbook bettors get what appears to be a $50 risk-free bet.

Barstool Sportsbook

Barstool Sportsbook is opening a retail location in Colorado, but the app isn’t live yet. When it is, bettors can claim a $500 risk-free bet.

Online Sports Betting No Deposit Bonus

Colorado Sports Betting Promotions

Existing users can take part in sports betting promotions offered at many of the Colorado sports betting sites. Deposit bonuses reward bettors for how much they deposit and wager. Risk-free bets refund losing bets with site credits.

However, bettors will find ongoing bonuses that offer small wagers on popular games. There’s lots to see, so bettors should keep an eye out for new promotions.

Deposit Bonuses

Deposit bonuses appear the most enticing. They reward bettors for how much they deposit upfront. Sportsbooks seem to know that bettors who deposit money will use it, so it makes sense for them to incentivize large deposits. Deposit bonuses are awarded at a rate expressed as a percentage. A 20% deposit bonus, like DraftKings’, awards 20% of a bettor’s deposit in site credits. So, a $100 deposit would earn $20 in site credits.

However, deposit bonuses often have playthrough requirements, too. Bettors need to actually use the money they deposit before unlocking their bonuses. theScore Bet awards 5% of a bettor’s wagers up to the amount they deposited upfront. That way, sportsbooks ensure bettors are actually wagering.

Risk-Free Bets

Ironically, risk-free bets require bettors to risk their own money upfront. Risk-free bets reimburse bettors for how much they lose on their first bet. The advertised amount is often the maximum bet that bettors can be reimbursed for in full. So, a $500 risk-free bet often means that bettors can lose $500 on their first bet, then get that money back in site credits. That’s the deal bettors can find at Fox Bet. However, bettors can’t withdraw the site credits. Bettors can only get their winnings in the bank. Since these bonuses are often only good for the first bet, new bettors often miss the chance to use them. Don’t be one of them. Plan the first bet carefully.

No-Deposit Bonuses

These are small, unremarkable bonuses that bettors receive upon sign up. However, these are in the form of site credits, too. They’re not free money for bettors to withdraw and use as they please. Bettors must use those credits to wager at their sportsbook or forfeit them. They’re usually not larger than $50, so don’t get too excited about them. Barstool Sportsbook offers a $10 no-deposit bonus for signing up, knowing they’ll win that money back over time. However, they can help new and nervous bettors try betting for the first time. Sportsbooks likely use these to lure the most cautious of new bettors in, hoping they’ll wager more after using these first site credits.

Ongoing Event Bonuses

These are other small bonuses that are tied to specific events. BetMGM offers a deal where bettors wager $50 on college basketball and get a $25 free bet for college football. Little bundles like these help spread bets over all the events sportsbooks need money on.

How To Claim Online Sportsbook Bonuses In State

Claiming bonuses tends to be straightforward. First, bettors have to find the online sportsbook app they want to wager at. That’s as easy as googling the website or searching the app store. Keep in mind that some brands have state-specific apps. If the Colorado app is available, choose that one. And don’t mistake a daily fantasy sports app for a sportsbook. They’re not the same.

After that, bettors must register for accounts. Creating accounts is similar to any other website. However, sportsbooks require part or all of a bettor’s social security number. That may seem strange to new bettors. However, it’s part of an identity verification step that all licensed Colorado sportsbooks must adhere to. No one wants to award money to money launderers, after all.

Once bettors are registered, they just have to fulfill the first terms of the welcome bonus. That could mean different things for different bonuses and sportsbooks. For example, DraftKings and theScore Bet both offer $1,000 deposit bonuses. However, they have different ways to unlock the full bonus. DraftKings requires a large deposit upfront followed by a 25:1 playthrough requirement. But theScore Bet only requires a 20:1 playthrough. That means earning the full deposit bonus requires $5,000 less at theScore Bet than at DraftKings.

But risk-free bets come with their own terms, too. Their terms often hinge on the first wager. That means planning to bet big later is a poor strategy for fulfilling those terms. Read up on bonus terms before wagering if you want to take advantage of them.

Once the terms are fulfilled, bettors will find the bonus in their accounts. That could be site credits for additional betting or risk-free bets worth redeeming. Bettors should check their accounts and betslips if they’re looking for the rewards they reaped from their sportsbook bonus.

Colorado Sports Betting Bonus FAQs

Online Gambling No Deposit Bonus

21. While daily fantasy sports players only need to be 18, sports bettors must be a little older. This staves off a potentially thorny legislative issue. The idea of high school seniors gambling online is unsettling, even to gambling supporters. Raising the sports betting age got around that and likely helped keep mobile sports betting out of high schools.

Online Sports Betting No Deposit Bonuses

Yes. Because bettors create separate accounts at each sportsbook, they can claim each sportsbook’s bonus. However, they can only claim bonuses once. Each sportsbook account is tied to a social security number. It’s hard to fake two accounts. Even if bettors could borrow a social security number, sportsbooks would suspend that account if they suspected that it was the same person. Sportsbooks have massive sets of data to use to identify duplicate accounts. Fooling them isn’t as easy as bettors may think.

Each playthrough requirement can differ from sportsbook to sportsbook. However, most of them are associated with deposit bonuses. After fulfilling the deposit requirement for a deposit bonus, bettors often have to wager their money to unlock site credits. They can take the form of fixed site credits per dollar wagered or a percentage of wagered dollars. Bettors must understand each bonus to learn how they wish to fulfill their playthrough requirements.

Bonus abuse is using multiple accounts to benefit from bonuses multiple times. Sportsbooks anticipate a certain return-on-investment from their bonuses. They expect to spend a little money to retain bettors over their full customer lifetimes. But those calculations assume one bonus per sportsbook. Any more than that is theft.

As long as bettors aren’t creating multiple accounts to profit from different bonus terms, then they’re fine. They can create single accounts at multiple sportsbooks, but creating multiple accounts at any sportsbook will get them in trouble.

DraftKings Sportsbook offers a $1,000 deposit bonus at a 20% match rate. If bettors deposit $100, they can earn up to $20 in site credits. However, bettors also have to use the money to bet. DraftKings requires its bettors to play $25 to earn each $1 of site credit. In the $20 example, a bettor would need to wager $500 for the bonus credits. For the full $1,000, bettors would need to play $25,000. Bettors are rewarded based on how much they deposit and play. As long as bettors are wagering at the pace they’ll normally wager, they’re getting a fair value of the bonus.

Sports Betting No Deposit Codes

FanDuel offers a $1,000 risk-free bet to its new bettors. If a bettor’s first wager loses, then they’ll get site credits back equal to their losing bet, up to $1,000. Betting big on the first wager may be a good value for bettors with cash to spare. However, site credits are not the same as winnings. Bettors can withdraw winnings from their accounts. They cannot withdraw site credits. Bettors can only use site credits for betting on FanDuel.

Sportsbook No Deposit Bonus

Sometimes. Some sportsbooks require bettors to use their bonuses on bets with certain odds. Colorado sportsbooks usually set the minimum odds around -200. That way, sportsbooks don’t lose too much money giving away bonus credits and paying additional winnings. Each sportsbook bonus has its own terms, but this is the most common one. Bettors have to watch for these on risk-free bets more than anywhere else. Otherwise, bonus terms should be largely clear.