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Deposit match bonus in Colorado

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Sports betting in Colorado is becoming more competitive, so bookmakers are battling each other to get players on their side. They offer generous deposit match bonuses to attract players and encourage them to signup on their site.

If you’re a new player looking to enter the Colorado gambling market, you’ll come across a variety of deposit match bonuses that you can claim, which can be overwhelming. In this guide, we’ll teach you what to think about and what to look out for.

What is a deposit match bonus?

A deposit match bonus is a gift offered to new players as a reward for joining a Colorado sports betting site. As the name implies, you have to deposit to claim this offer.

It’s pretty different from the no deposit bonus, which does not require you to spend any money. A deposit match bonus in Colorado offers you a certain percentage or portion of your deposit. So if a casino offers a 100% bonus, and you deposit $300, you get an additional $300 to play with.

Deposit match bonuses available at CO betting sites

There are different types of deposit match bonuses available on Colorado betting sites. Also, these offers come in different sizes and types. Below are common types of deposit match bonuses offered at Colorado betting sites.

  • Percentage match bonuses – Percentage match bonuses are the most common deposit match bonus that you’ll find on most Colorado betting sites. Typically, this bonus is offered to players when they make their first deposit. Often, you can see this offer as a reload bonus. Furthermore, some Colorado online casinos will spread a percentage match deposit bonus over a player’s first few deposits.
  • Fixed bonus cash – Unlike the percentage match deposit, fixed bonus cash bonuses aren’t common among Colorado online betting sites. With this offer, a player is given a fixed amount of money as long as they meet the requirement. For instance, you can get $200 on all qualifying deposits.
  • Deposit bonuses with additional freebies – More often than not, deposit match bonuses come with additional freebies like free spin and free bets. This is a great way to increase your chances of winning.

Common deposit match bonuses amounts

Below you can see some of the most common deposit match bonus amounts on Colorado betting sites.

  • 50% deposit bonus: 50% is a popular deposit bonus available in the gambling industry. You’ll often encounter this offer at betting sites that spread their percentage match deposit bonus over a player’s first few deposits. Some casinos can offer you a 50% deposit bonus when making your second deposit.
  • 100% deposit bonus: 100% deposit match bonus is the most common deposit bonus available at most Colorado betting sites. The bonus will double any amount you deposit.
  • 200% deposit bonus: 200% is another popular deposit match bonus that you’ll find on Colorado betting sites. A 200% deposit bonus will give you twice your initial deposit as an extra fund.
  • 300% deposit bonus: Unlike the previous bonuses discussed, a 300% sportsbook first deposit bonus is not common among Colorado betting sites. However, it’s among the greatest rewards for any gambler as it offers more chances of trying your luck at casino games or sports events.

How to claim a deposit match in Colorado

Claiming a deposit match bonus in Colorado is easy. You don’t need technical knowledge to do this. Below is a step-by-step guide on how to claim a deposit match bonus.

  1. Open an account with a CO betting site – The first step to claiming a deposit match bonus in Colorado is to have a betting account. Interestingly, the process of creating an account is easy. First, choose a site that’s registered and regulated under Colorado laws. While players can wager at offshore casinos, players are at a high risk of losing their bankroll. Once you have chosen a legal Colorado bookmaker, visit their website to open an account. Here, you need to supply details like your name, email address, social security number, phone number, home address, and date of birth. After that, your account is created, and you can start betting.
  2. Make your first deposit and claim your bonus – Most Colorado gambling sites offer a sportsbook first deposit bonus to new players, and you can claim this when you make your first-ever deposit at the site. Some Colorado gambling sites might request that you provide a promo code to claim the offer, while others won’t. Ensure you read the bonus terms and conditions to understand how the offer works if you want to take advantage of them. You can reach out to customer support if you have any queries. Once you deposit, the site credits your account with the bonus instantly.

Deposit match bonus terms and conditions in CO

Colorado sportsbook subjects their deposit match bonus to some terms and conditions that players must follow if they want to enjoy the offers. Below are some requirements you need to comprehend before taking advantage of the offer.

  • Wagering requirements – The number of times the bonus needs to be wagered before you can convert your winnings to withdrawable cash. At some betting sites, the term can also be called a rollover, turnover, or playthrough requirement. Depending on the betting site you’re playing with, the wagering requirement can vary. This can be 10x, 20x, or 100x. The higher the wagering amount, the more you find it difficult to turn it into real cash. For that reason, you should choose a casino or sportsbook that offers bonuses with a low wagering requirement. Let’s give an example for a better understanding. A betting site with a 100% deposit match bonus will double your deposit. So if you deposit $50, you get an additional $50 to play with. If the bonus has a wagering requirement of 30x, you need to play through the $50 thirty times to get a total of $1,500 before you’re eligible to cash out. The rules of wagering differ from operator to operator. Some gambling sites mandate that you wager both deposit and bonus amount together, while some sites only need you to wager the bonus fund. The latter is what we highly recommend.
  • The minimum deposit needed – Every casino requires you to fund your account before claiming your sportsbook first deposit bonus. However, the minimum amount required varies from site to site. More often than not, betting sites in Colorado will ask you to fund your account with a minimum of $10.
  • Maximum deposit needed – Like the minimum deposit, each Colorado betting site has a maximum deposit a player can make at once. This depends on the site and your chosen payment option. Most casinos include this info on their payment page.
  • Maximum withdrawal – Most Colorado casinos subject deposit match bonuses to maximum withdrawal conditions that restrict the amount you can withdraw from the winnings gotten from the bonus. For instance, a $100 bonus can have a maximum withdrawal of $500. So even if you win $1,000 from the offer, you’ll only be eligible to withdraw $500.
  • Eligible games and bets – Likewise, almost all betting sites in Colorado restrict their deposit match bonus to certain games or bets. Some games contribute towards the wagering requirement, while some don’t. This rule will be included in the bonus terms and conditions. So ensure you read it well to understand the eligible games and bets.
  • Bonus validity period – All Colorado sportsbook promo has a validity period. This tells you how long the bonus last before it expires. In most casinos, deposit match bonuses come with a 30-day validity period. You need to activate the offer during this period and meet the wagering requirement. Otherwise, you’ll lose the bonus and all winnings accumulated from it.

Benefits & drawbacks of deposit match bonuses in CO

While deposit match bonuses in CO offer several advantages, they also come with some drawbacks you need to be aware of. This section will walk you through the benefits and drawbacks of bonuses. With that, you can weigh them before deciding.

Benefits

The most significant benefit of a deposit match bonus is that it adds to your bankroll. Here, the casino will be offering you a certain percentage of your deposit. This means the higher your deposit, the more bonus you get. The percentage offer you get depends on the casino you’re playing with. While most casinos offer a 100% match deposit, some Colorado casinos provide 200% or more.

Drawbacks

One of the significant drawbacks of claiming a deposit match bonus is the wagering requirement. The higher the bonus amount, the more you need to play through the bonus before you can withdraw your winnings.

Additionally, you can only use some casino deposit bonuses to wager slot games. So if you’re looking to enjoy table or live dealer games, the offer might not be for you. Ensure you check the terms and conditions well before accepting the offer.

Choosing the best deposit match bonus in Colorado

Choosing the best deposit match bonus in Colorado is an easy process. Now that you’ve understood what a deposit match bonus is, you can proceed to a reliable Colorado sportsbook to claim yours. However, there are some things to consider when selecting a site. Below are some of them:

  • Low rollover or wagering requirement – In reality, sportsbook betting sites earn more money when you wager more money. The reason is that the house edge is built into the odds. For that reason, it’s advisable that you go for deposit match bonuses that have the lowest wagering requirement. For instance, rolling over a bonus fund of $250 once might get you $238.64 in winnings. But if you’re to wager the same amount three times, you may only be able to withdraw $181.82 in winnings.
  • Bonus amount – The amount on offer is also an important check when choosing a betting site. The tighter the bonus amount, the better. However, ensure it’s from a reliable sportsbook site because rogue casinos can lure you with fat bonuses. Most Colorado betting sites offer 100% match deposit bonuses, which isn’t bad. However, if you see a site offering 200% or more, that’s an excellent opportunity.
  • Best odds – If you are a sports betting fan, the best thing is to accept a deposit match bonus from betting sites that offer competitive odds. The odds are vital in determining your chances of winning a particular bet. If a sports betting site offers -105 on a spread bet vs. -110 on another site, you should expect to lose $2.17 less per $100 wager.
  • Best bonuses – Some top betting sites allow you to use regular players’ Colorado betting promos to meet your deposit match bonus wagering requirement. For instance, a betting site can offer boosted odds on specific sports events during ongoing promos. If you stake your bonus on these games, it will count towards meeting your deposit match bonus rollover requirement.

FAQ

How do I find deposit match bonuses in Colorado?

Finding a deposit match bonus in Colorado is pretty straightforward. Almost all betting sites in the state offer Colorado betting promos to players just joining the site. The most important thing is to choose a site that's licensed and regulated under the gambling laws of Colorado.

Why are Colorado sportsbooks offering deposit match bonuses?

Sportsbooks are offering deposit match bonuses in Colorado to compete with other sportsbooks. With the number of sportsbooks in Colorado, the competition is getting stronger. Sportsbooks uses deposit match bonuses as a marketing campaign. The aim is to attract new players to sign up at their site.

Can I withdraw winnings from a deposit match bonus in CO?

Yes. You can withdraw winnings accumulated using a deposit match bonus in Colorado. However, you need to satisfy the wagering requirement before cashing out your winnings. Notably, we recommend players to opt-in for deposit bonuses with the lowest wagering requirement. You should also consider the eligible games and validity period.