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Best ChoiceWhat Is A Colorado No Sweat Bet?
No sweat bets, also known as bet insurance promos, are one of the most common and popular new user promotions. These offers work by offering you a refund, given in the form of bonus bets, if you place a bet and it loses. You can then use your bonus bet on another wager to try and recoup your loss.
Are There No Sweat Bets in Colorado?
Yes, there are no sweat bet promos in Colorado currently available at several popular sportsbooks. We will dive into specific offers and tell you everything you need to know about which Colorado sports betting apps offer first bet insurance below.
How to Claim First Bet Insurance in CO
Claiming first bet insurance promos in Colorado is a simple process. These promotions will be available for you to use on your very first wager after signing up. Simply register for a new account, enter the promo code if required, and place your first bet. If the bet loses, you will receive the wager amount back in bonus bets up to a specified maximum amount.
What Sportsbooks Offer a No Sweat Bet in Colorado?
There are several operators currently running no sweat bet bonus offers in Colorado. Here are our favorites.
bet365: Up To $1000
bet365 Colorado has quickly become one of the top apps for bettors in the state. New users can use code BETCO to get a first bet safety net worth up to $1,000. If the first bet you place with bet365 loses, your wager amount will be matched in bonus bets up to $1K.
Caesars Sportsbook: Up To $1000
Caesars Sportsbook Colorado is one of the most well-known names in sports betting, so it's no surprise that they are running this highly valued first bet insurance promotion. New users can place a first bet up to $1,000, and if it loses, they will receive their stake back in bonus bets. One of the things to be aware of is the bonus bet must be used in one lump sum.
BetMGM: Up To $1500
The BetMGM Colorado first bet offer is the most lucrative on this list. BetMGM is insuring your first wager with the sportsbook up to a whopping value of $1,500. The only kicker with this offer is that the bonus bets expire in just 7 days, so you'll need to wager them quickly if your first bet loses.
No Sweat Bet Terms & Conditions
The terms and conditions associated with a Colorado no sweat bet promo will differ based on the sportsbook, but they are usually similar. Here are some common terms and conditions you might see on a first bet insurance offer in CO:
- Bonus funds credited within 24-48 hours of first bet losing
- Bonus bets might be awarded in increments or in one lump sum
- There could be minimum odds requirements for bets placed with bonus funds
- If you win wagers placed with bonus funds, only the winnings will be credited to your account; not the original stake.
Be sure to read through the terms and conditions prior to placing your first bet to see when your bet credits expire. Most have 7 day limitations while others extend it to 14.
First Bet Insurance Pros & Cons
Pros:
- Allows bettors to really go for it on their first bet with less harsh consequences if the bet loses
- Can cover large bets up to or over $1000 depending on the sportsbook
- Lets you try out betting on a new platform without full consequences if the bet loses
Cons:
- It is still better to win the first bet
- If your first bet wins, the promo does nothing
- There is no guarantee that you will win wagers placed with bonus funds and get back any real cash
Colorado No Sweat Bet FAQs
A no sweat bet is a type of sportsbook promotion, also called first bet insurance or a second chance bet. This type of promo will refund your wager if your first bet with a sportsbook loses, up to a certain dollar amount. The refund comes in the form of bet credits that must be played through to win back cash.
Yes, there are several sportsbooks in Colorado that are currently offering no sweat bet bonuses to their users. First bet insurance is one of the most common types of welcome bonus offers for sportsbooks to use, so make sure to check back on this page for updated offers.
Currently, several sportsbooks are offering first bet insurance promos in CO, including BetMGM, Caesar's Sportsbook, bet365, and BetRivers. Since no sweat bet promotions are common, it is likely that different sportsbooks will be running this type of offer in CO soon.
Claiming a first bet insurance promotion in Colorado is a simple process. All you need to do is sign up for a new account, claim the offer on the promotions tab of the app, and place a first wager. If the bet loses, the offer will kick in and you will be awarded bonus bets to make up for your original stake.
Author
Adam Wernham has over eight years of professional copywriting experience. Growing up in the Bay Area, Adam developed strong ties to local teams including the Giants, Warriors, and 49ers. His passion for sports and writing make him a strong voice on all things sports betting and a great asset to the BetColorado staff.
