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Sports betting simplified
With a soaring population that has grown close to six million people and with one of the best economies in the United States, Colorado is seen as a potential sports gambling gold mine. Add to that fact that the state has teams in all of America’s major professional sports leagues, along with major college sports, and borders a total of seven other states, sports wagering seems like it can’t miss in the state of Colorado. It was a close call but the citizens of the state approved sports wagering last year by just 20,000 votes. But it may has well have been a million as the state is now set to open up sports gambling when everything resumes after the COVID-19 shutdowns. Let’s now take a look at how sports gambling will work in the state of Colorado.
As of May 1, 2020, sports gambling became legal and available in the state of Colorado. Unfortunately, COVID-19 had all of the major sports leagues shut down at the time of the rollout. Sports gambling will be available both in person at select retail casino sites as well as mobile and online betting options that can be utilized as long as the bets are placed within state lines. A gambler does not have to be a resident of the state of Colorado in order to participate in sports gambling in the state, but simply must be within the borders of the state. If you are not within the borders of the state of Colorado you will not be able to wager on sports there.
Initially only three towns in the Rocky Mountain state offered in-person sports gambling which means that the vast majority of wagers made will be online or via mobile device. Colorado towns that offer retail sports books that will take in person bets are Black Hawk, Central City, and Cripple Creek. You must be 21 years of age or older to make a sports bet in the state of Colorado. As time goes on there is the likelihood of additional brick and mortar casinos offering in person retail sports gambling.
Employees and or close associates of sports teams or leagues in the state of Colorado will be restricted from betting on those sports or leagues. That is because of the potential of inside information that the regular sports gambling public would not have access too. Such information has the potential to be an unfair advantage for those that would have access to it.
Mobile Sports Wagering in the State of Colorado
To its credit the state of Colorado makes it easier for gamblers to access action via online or mobile devices. Due to the limited availability of sports gambling at traditional brick and mortar casinos, the state of Colorado expects that close to 90 percent of all sports bets will be done via online or mobile wagering. Gamblers will appreciate the fact that they can register for mobile betting remotely. Due to the fact that much of Colorado is remotely populated and the climate is extremely volatile, mobile betting is likely to become popular as much out of necessity as out of convenience.
Payment Method Options for Online and Mobile Betting in Colorado
The state of Colorado offers the best, most trusted, and most widely used payment method options for online and mobile betting. Those would include PayPal, ACH and eCheck, online banking through your own bank account login, check, cash at the casino cages in person, site specific prepaid debit cards and Skrill.
What Sports can I wager on in the State of Colorado?
In the state of Colorado, you can bet on pro and college football, pro and college basketball, pro baseball, pro hockey, soccer, golf, boxing, mixed martial arts, auto racing, and the Olympics. However, there are no prop bets taken for college games. Additionally, you can bet on all intra state pro and college teams.
What Types of Sports Bets can I make in the State of Colorado?
In the state of Colorado, you can make single game pointspread bets, moneyline bets, over under “totals” wagers, parlay and teaser bets, game prop bets, and pro player prop bets.