Caesars Colorado Sportsbook Promo Code, Bonus, and More

The top sportsbooks are spreading out across the country and gaining new users in sports betting states. Caesars Sportsbook is live in Colorado and has joined sports betting in the state. Here’s what you need to know about Caesars Colorado Sportsbook.

Latest Caesars Sportsbook Promo Code

Caesars Sportsbook offers solid promotions that run throughout the year for new users as well as a great loyalty program where you can earn tier credits for placing wagers. Some of Caesars most popular promotions have included a first bet on Caesars as well as bonus bets. 

Check out the latest Caesars offers to see if you can get bet credits, a bet on the house, and more as you get started with the sportsbook.

Registering for the Caesars Sportsbook App and Sports Betting

If you are planning on using the Caesars Sportsbook app, you need to register. When you sign up, you will enter your personal information such as your name, birthday, address, and more. This allows the sportsbook to confirm your identity.

Also, a sportsbook will use geolocation tracking to confirm you are within the borders of a legal sports betting state. Remember to check for promotions before you register. This will make sure you get a nice bonus or offer before you start placing your wagers.

Claiming Caesars Promo Codes or Bonuses

It’s important to check the terms and conditions when it comes to claiming bonus codes and promotions. Certain promotions do not require you to enter in a promo code and are claimed just by signing up. Others might require you to enter a code during the registration process.

Also, some promotions might need a qualifying event such as a deposit or wager to unlock the bonus. For example, Caesars might be running a promotion where you get $100 in bonus bets after depositing $20. The bonus funds will not be put into your account until you make the deposit.

Take the extra time to read through the terms and conditions to understand what the promotion involves so you don’t miss out on getting a bonus when signing up as a new user.

Caesars Sportsbook Colorado Features

The Caesars Sportsbook has plenty of solid features worth checking out as we see it launch in new states. It’s an app and platform ready to give sports fans a great betting experience. Here are some of the best features of Caesars Sportsbook.

Caesars Rewards Loyalty Program

Caesars has one of the best rewards programs in the sports betting industry. You earn points for each bet you place when online sports betting in Colorado in the Caesars Rewards program. As you earn more rewards credits, you climb into the next tier earning bonuses and rewards along the way. You can start earning points right away as a new Caesars Sportsbook user.

Live Streaming

Sports fans can stream some of their favorite events as Caesars Sportsbook was one of the first mobile apps to offer a “watch and bet” for events like NFL games and more. Sports bettors can keep up with the action as they place wagers.

Live Betting

The live betting with Caesars mostly focuses on sports in North America like the NFL, MLB, and NBA. There is a live betting icon where you can check out the odds and lines for the in-game markets. Live and mobile betting has taken off in recent years and it’s an option now that Caesars Sportsbook is live in many states.

Same-Game Parlays

You can build your own same-game parlay with Caesars after locating the game you wish to bet and clicking on the “Same Game Parlay” tab. This gives you available legs you can bet for the event. These are available for select leagues and events like the NFL, NBA, certain soccer leagues, and MLB games.

Early Cashout

Like many other mobile sports betting platforms, CAesars has an early cashout option. You can take advantage of the odds and collect winnings early or cut your losses for losing bets. Cashouts aren’t always available so check the “open bets” tab to see if you can cash out.

Caesars Customer Support

To enhance the sports betting experience, Caesars has 24/7 customer support via live chat. Also, there is an email form to reach out if you have any issues while making your first wager and as a returning customer.

Caesars Sportsbook and Colorado Sports Betting History

Colorado legalized sports betting in November 2019 before launching both online and retail locations in May 2020. Caesars Sportsbook, which acquired William Hill, entered the state with the Caesars Sports betting app and site in August 2021. After Caesars launched, bettors were able to get started with Caesars Sportsbook with a first bet on Caesars.

You have to bet at least 21 years old to wager in the state and there are no restrictions on in-state college teams when betting on college sports. This means you could use your sportsbook account and sign-up bonus to wager on teams like the University of Colorado Buffaloes. 

All of the sportsbook apps have to be partnered with an in-state casino. Most retail sportsbooks in Colorado fall in either Black Hawk, Central City, or Cripple Creek.

Caesars Online Sportsbook Bet Types

Caesars provides a long list of bet types and betting markets for those looking to wager on sports. Here are a few of the most common bet types provided by the sportsbook.

Moneyline

A moneyline bet is a wager on a team or individual to win. You are betting on a straight-up winner. For moneyline bets, underdogs have positive odds while favorites have negative odds. When you bet on moneyline favorites, it takes a larger bet to get a decent payout.

For example, the Colorado Rockies are a -115 favorite vs the Chicago Cubs. A $115 bet on the Rockies would win $100. Since they are the favorite, it would take a larger bet to win $100.

Spread

A point spread is a wager on the margin of victory in a game. These types of lines are for a sportsbook to even the playing field if one team is heavily favored to win. The odds for a point spread are usually around -110 which means you need to bet $110 to win $100.

For example, the Denver Broncos are a +7.5 underdog vs the Chicago Bears. To cover the spread, the Broncos need to lose by seven points or less.

Total

A total bet can also be referred to as an over/under. This type of bet is a wager on the total combined score of both teams. A sportsbook will set a line for the total points scored and you bet over or under that mark.

For example, the Denver Nuggets are taking on the Chicago Bulls. The total for the game is 225.5. If you bet the over, you need at least 226 points scored in the game. If the game ends 129-106, you would win because that is 235 total points scored.

Parlays

A parlay is a wager in which you are combining multiple bets into one. Each bet added is called a leg. The more legs you add boosts the odds but makes the probability to win go down. For a parlay, all of the bets have to be correct to get the payout.

For example, you might bet on five NFL teams to win. If any of the teams does not win, the entire parlay bet is a loss.

Props

A prop bet is a wager on an outcome that takes place within a game. It doesn’t necessarily have a tie to the final result. There are plenty of prop types like team, game, and player props. You can wager on a player to score a touchdown, who will score the next basket, a player to hit a home run, and more.

Futures

A futures bet is a wager on an event down the road. A sportsbook will set odds throughout the year on players to win the MVP, teams to win the Super Bowl, and more. These odds change based on injuries, performance, and more throughout the season.

For example, the NFL season is just beginning but you think the Kansas City Chiefs are going to win it all. You can wager on their future odds to win it all. If they win the Super Bowl, you receive a payout based on the odds when you made the bet.

Popular Sportsbook Bonuses and Promotions

Online sportsbooks will use all sorts of promotions and offers to gain more users in the sports betting market. Here are some of the common promotions you might see when using Caesars or other top sportsbooks in legal online sports betting.

First Bet Insurance

A first bet insurance can also be called a no-sweat bet, second chance bet, first bet offer, bet on the house, and more. Basically, your first bet is covered if it loses. For example, Caesars has run a promotion such as $1,250 on the house. For your first bet, you wager $550 but the bet loses. Caesars will give you $550 in bet credits to cover the loss.

This type of promotion only applies to your first wager and only can be claimed if the wager loses.

Deposit Match Bonus

For a deposit match bonus, a sportsbook will give you bonus funds based on how much you deposit. For example, a sportsbook might be running a 50% deposit match up to $500. That means if you decide to deposit $400 after signing up, you would receive $200 in bonus funds.

Remember to check the terms and conditions because most deposit bonuses come with a rollover requirement. That means you need to bet a certain amount before you can unlock the funds.

Bonus Bets

A bonus bet offers one of the best promotions to new users. Many sportsbooks will give a new user $50 or $100 in bonus bets for just signing up. Sometimes, bonus bets do come with a qualifying bet or deposit. For example, maybe Caesars runs a promotion where you get $150 in bonus bets if you deposit $20. You need to make the $20 deposit to unlock the bonus bets.

Be sure to check the terms and conditions for expiration dates and bonus bet rules. Sometimes they expire within seven days or need to be used on specific sports or games.

Referrals

Plenty of sportsbooks will give out bonus bets if you get someone to signup through a referral. They might give you $25 or $50 in bonus bets. Remember, most sportsbooks require the referral to register and place a deposit before you can claim the bonus funds. Be sure to be familiar with the referral rules and terms.

Caesars Sportsbook Colorado App

The Caesars mobile sports betting app is available in both the Android and Apple Stores for users to download. Geolocation will confirm your location and allow you to wager if you are within the borders of a legal sports betting state. The app has solid features and a nice user interface.

Caesars ranks 4.4 stars for Android and 4.6 for iOS users. The app features quick navigation buttons at the bottom of the screen to allow for easy switching between screens to find games, odds, lines, and more that create a first-class sports betting experience for a new user from Caesars Entertainment.

Caesars Colorado Deposits and Withdrawals

If you are getting started with sports betting, you’ll need to know the options to make a deposit. At Caesars Sportsbook, there are options to deposit that include major credit/debit cards. PayPal, and online banking. There is a minimum deposit of $20.

For withdrawals, most are processed within 72 hours and you can use options like PayPal, eCheck, Skrill, or online banking to retrieve funds from your account. Once a withdrawal is approved it can still take another 2-5 business days before you receive the money.

Multiple Sportsbooks for Online Sports Betting

While Caesars Sportsbook is a great betting option, it’s smart as a sports bettor to use multiple sportsbooks when online sports betting. This is one of the best things about the online sports betting market. You can compare odds, lines, features, bonuses, and more before placing wagers.

Sportsbooks will differ on odds, features, and bonuses. You want to get the best value as a bettor so it makes sense to shop around. For example, one sportsbook might have a moneyline favorite at -155 while another has the same moneyline favorite at -135. The -135 bet gives a better payout so you should wager with that sportsbook for that particular bet.

Caesars Colorado Sportsbook FAQ

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