Get Into the World of Colorado MLB Online Sports Betting
The Rockies started their baseball journey in 1993, and the people of Colorado have been highly interested in the league ever since. The only thing that lacked in the state was a proper betting market due to the US’s complex online wagering laws. However, even this problem got solved in May 2019 when Colorado’s authorities gave the green light to online sports betting in their region. After that, all the betting sites opened their doors for the citizens of the state.
You can currently find most of the trusted and regulated online sportsbooks in the state for the purpose of MLB betting. But you may also face some challenges if you are wagering for the first time on baseball. For your help, we have created this guide on Colorado MLB betting. It will help you determine how to bet, where to bet, and how to increase your winning chances.
So without wasting time, let’s move on to the comprehensive guide.
Best Site for MLB Betting in Colorado
The Online Sports Betting Sites in Colorado
The first thing that may come to your mind with online betting is which site to trust or where to start from. Even though the rules have been changed in the state, you can still find unregulated websites present here. That is why you should check the regulation of the sportsbook before moving forward.
For your assistance, here are some of the top real money betting sites in Colorado that you can consider for MLB wagering.
DraftKings
This is one of the highly trusted names in the domain of online wagering. DraftKings offers its new players a welcome package of up to $1,025, which is split into three parts:
- Free bets worth $25
- Up to $500 under 20% first match deposit bonus
- Up to $500 under first risk-free bet
There are certain exemptions stated by Colorado’s law, such as the minimum age of playing. You shouldn’t fall into any of the excluded categories if you want to play here. The website also provides a massive variety of banking options that can be used for depositing or withdrawing your real money.
FanDuel
If there is one online sportsbook that every bettor can recommend, it is FanDuel. The reason why this site is popular because of its first risk-free bet of up to $1000. In case you end up in net-negative, you can get $100 cashback. Along with that, you also get a FanDuel mobile app. It will help you in placing bets from anywhere in the state. You can deposit or withdraw money from the site using its secured payment process that consists of various options, such as:
PayPal- eCheck
- Credit/Debit Card
- FanDuel Prepaid Card
Bet365
Bet365 hasn’t yet been launched in Colorado. But considering its reputation in other states like New Jersey, we can say that the platform won’t take time to secure its own place in the market. The site offers a first risk-free bet for up to $100. Plus, you can begin playing with a deposit of as small as $10. So it is a great place to start your journey of online CO MLB betting.
William Hill
The welcome bonus of William Hill is divided into two sections:
- Up to $150 of the first deposit match bonus
- $10 registration bonus
Therefore, you get a generous amount of money in your account just by registering and depositing on the platform. The site allows you to start your betting with a small amount of $2. There is also a wide range of bets to choose from. All and all, it is a suitable sportsbook for betting on MLB in Colorado.
Points Bet
Depending on your first deposit amount, you can get free bets on Points Bet for up to $250. To get this bonus, you need to use the promo code “BONUSNOW” at the deposit time. The only thing that holds back Points Bet from being a great sportsbook is the limited banking options. The platform offers just cards and eChecks for making deposits. So, you need to check whether or not these methods are preferable for you before selecting the site.
BetRivers
BetRivers attract new customers with its 100% deposit match of up to $250. The promo code “250MATCH” has to be used for the same. Apart from this, there is also a loyalty program that can make you win massive rewards. BetRivers provide you with a CO sports betting app as well. Thus, you won’t have to sit in front of the big screen for longer. Banking methods like Credit/Debit cards, eChecks, Play + card, and cash can be explored here.
MGM Sportsbook
If we talk about monetary benefits, MGM is the best place to begin your baseball wagering journey with. Here are the three most attractive factors about it:
- Welcome bonus of up to $500 (100% match deposit bonus)
- Weekly free $10 in your betting account (use promo code PLAYBONUS)
- Loyalty Program for better rewards
A huge variety of banking options are also available. So you won’t have any issue while wagering on MGM Sportsbook.
Remember, almost all sportsbooks can ask for your social security number for verification and safety purposes. You need not stress about anything when you are picking a reliable and regulated sportsbook, as they will keep your information secure.
Types of Bets Found in CO MLB Online Sports Betting
Once you have selected your favorite sportsbook, registered on it, and availed of the welcome bonuses, the next step is to bet on MLB. Under the baseball CO legal sports betting market, you can find various wagers to pick from. This can confuse you. Therefore, you should understand each type of bet to make the correct decision.
Run Line Bets
If you are familiar with point spread bets, you won’t have any difficulty in understanding run line bets. In this, each team gets a +/- 1.5 handicap assigned to them. When you place a +1.5 wager on a team, you can only win if that team wins or loses just by one point. On the other hand, the -1.5 wagered team should win by at least two runs for you to win the bet.
So in a match of Colorado Rockies, you can place a -1.5 handicap bet on the team if you think they will secure a win by two or more runs.
First Five Innings
“First Five Innings” is an exciting bet concept in MLB. In this, you can select any of the available wagering options and use it just for the initial five innings. The advantage here is that you won’t have to wait until the entire match to see whether you won or not. As soon as five innings get over, you get your results based on the scores. These are the best bets for when you don’t have the time, but still don’t want to miss the change to place wagers.
Moneyline
To understand Moneyline bets, you need to get familiar with two terms:
- Favorite (-)
- Underdog (+)
According to this, Moneyline MLB baseball odds are displayed on every sportsbook. The favorite represents how much you need to wager to win $100 if the selected team wins the game. Contrastingly, underdog depicts the amount that can be won by placing a $100 bet on the specific team’s win. Therefore, you just have to predict which team will win and place your bets accordingly.
Over/Under
These are also known as the totals bets because a total of both teams’ runs gets considered here. You can bet in two ways here:
- Over: When placing an Over bet, you are assuming that the teams’ total will go above a certain predetermined number.
- Under: In an Under bet, you assume that the teams’ total will remain below the decided number.
For example, suppose you are watching a game between the San Diego Padres and Colorado Rockies. If you place an Over 8.5 bet, you can win only if both the teams score at least nine runs together.
Series Bets
These bets are great for you if you don’t want to place a bet on individual MLB games in CO. You can keep up on the excitement throughout the series with Series bets. These are placed on the team that you think will win most matches of the series or the entire series. Hence, you will need to wait until the series ends to see whether or not you scored the bet.
Prop Bets
Proposition bets are based on different events of the baseball match, rather than its outcome. A player scoring a run in the first inning can be considered as an event. So if your prediction of whether or not the event will take place goes right, you win the bet. Otherwise, you lose the amount.
Apart from these types, you can also find a live betting option depending on your sportsbook. It offers you a chance for in-play MLB betting. It is the most exciting concept if you regularly watch baseball.
When Can You Bet on MLB in the State of Colorado
Usually, sports fans know when the baseball markets are on hype and fall a little low. But don’t worry if you aren’t aware of these details. Here is the information on when to bet on MLB games according to the online wagering markets.
World Series
MLB World Series has been taking place between the champion teams of the National League and American League since 1903. The event is held in North America during the falls season, i.e., October or November. The market gets hype months before the opening day. You can also place a wager on MLB futures markets in advance to win big amounts.
PlayOff
When your favorite team (the Rockies most probably) gets out of the series, the remaining championship doesn’t remain interesting anymore. It is the primary reason why wagering markets drop down by the end of the series. But that doesn’t mean your betting chances on the team end there. The market again experiences hype during the playoffs. As all the lost teams return for matches, you can again watch your preferred team Play and place bets on them.
MLB MVP
MVP means the Most Valuable Player of MLB. Almost all sportsbooks see a significant rise in their wagers when the award gets announced. MLB MVP is a great time to win significant amounts just by predicting the player that will outperform others during the series.
MLB All-Star Game
Taking place in mid-July, you can find all the star performers of the American and National Leagues in this game. You can place your preferred wagers on your favorite players or team to win large amounts.
Tips for Online Betting on MLB in Colorado
It is always a great option to check the MLB championship odds and follow some simple tips. These two things ensure that you win big and minimize your loss. Here are a few suggestions you can keep in mind while betting on baseball games in Colorado.
Consider All Teams Equally
It can be tricky to place bets on online sportsbooks because they can easily fool you. Usually, online betting sites try to tempt people towards the bets that are least likely to happen. For example, everyone wants to bet on the team that has performed great several times. Sportsbooks take advantage of this point and design their wagers accordingly. You shouldn’t fall for the trap. You need to consider all teams equally and place bets carefully.
Prefer Unders in Totals Bets
As the players score more, the game becomes more interesting. That is why people generally get tempted towards Overs bet. Just like the previous point, sportsbooks know this factor very well, and they try to make the most out of it. So, instead of Over, you should try to focus more money on the Unders bets.
Limit Your Expenditure
Baseball games can be overwhelming. Hence, you won’t know when you end up spending your entire bankroll on bets. To avoid this mistake, you should keep a separate budget for wagering. When the games begin, you can take that much amount out and start playing. As this money gets over, you should stop betting. It will ensure that you don’t spend everything that you have.
Don’t Trust the Bad Teams Soon
There are times when even the bad performers win a baseball match, or maybe two games in continuation. People make a misinterpretation at this point by trusting these teams and placing their wagers on their other win. But you should remember that these teams are considered bad for a reason. So it isn’t a good idea to put big money on their wins.
Colorado Latest News on MLB
Due to the sudden coronavirus outbreak, the officials were confused about organizing Major League Baseball this year. However, they finally concluded that the event should be hosted. So instead of its regular schedule, the opening day was held in late July 2020. You can still catch up on the upcoming baseball games and enjoy them while sitting in the comfort of your home.
The playoffs will be even more interesting because it will begin with a 16-team setup this time. Therefore, you can enjoy wagering on that as well.
Conclusion
Sports fans always prefer online betting on MLB, helping them manage watching, betting, and other tasks simultaneously. But being new to the wagering world, you need to pick an online sportsbook carefully. You should look for all aspects from the trust factor to the banking options, and then only decide.
Once you begin wagering on your favorite baseball teams and players, you can go through the given tips and follow them to ensure your investment’s better outcome. So look for the upcoming MLB events to place your bets on.
Frequently Asked Questions
- Can I Bet On MLB Online In Colorado?
- Yes, anyone staying in Colorado can bet online on MLB using the trusted sportsbooks. This has been possible due to 2019's change in online betting laws in the state of Colorado.
- Is The 2020 MLB Season Cancelled?
- Initially, the entire event was canceled due to the coronavirus pandemic. But after a lot of thinking, authorities brought back the game with some changes in its setup.
- What Is The Main Factor To Consider While Betting On MLB In CO?
- One of the most crucial factors to keep in mind while betting on MLB in CO is whether your online sportsbook is regulated or not. Unregulated betting sites can land you into trouble. You should only opt for the legal ones.
- What Is The MLB Run Line?
- It is the point spread bet of baseball. You can place this wager based on the concept of +/- 1.5 handicap.
- How Does Prop Bets Work In MLB Betting?
- Prop bets are made on specific events of the game. For example, you need to answer whether or not a team will score in the first inning. If your answer gets correct, you win the bet.
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