Watching a Broncos game has never been more fun – with a handful of competitive sportsbook options in Colorado, fans can play from Mile-High Stadium, their couch, or anywhere else in the state!
Since Colorado sports betting became legal in May 2020, the big hitters in online sports betting have opened licensed sportsbooks in the state. In this quick-hitting guide, I’ll break down everything you need to know about NFL betting odds to prepare. Read on for more!
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Best Sportsbooks for NFL Betting in Colorado
Colorado features the biggest names on the online sports betting scene. I’ve done the hard work for you, placing bets at all licensed sportsbooks. Here’s the details:
DraftKings: Best-in-class mobile experience due to its user-friendly interface. Check out the same-game parlay feature to combine NFL bets.
FanDuel: Industry-leader in new and exciting NFL promotions and odds boosts, especially for Broncos games. In my opinion, FanDuel has the best live-betting platform.
Caesars Sportsbook: Most competitive NFL betting lines and the popular Caesars Rewards program. Caesars is known for having the most NFL promotions.
BetMGM: Arguably the biggest sportsbook, BetMGM claims to have the most NFL prop betting markets. Traditionally, they release the earliest lines, which could provide experienced bettors value.
Fanatics: The newest on the Colorado sportsbooks scene, Fanatics – also known for its merchandise apparel – has quickly established themselves as a sportsbook to watch. Their rewards program combines bonus bets and fan material.
How to Bet on NFL Games in Colorado
It’s important to get a few things out of the way: First, you must be 21 or older to bet at a Colorado online sportsbook. Secondly, you must also be physically located within state lines – every licensed sportsbook in Colorado uses geolocation technology to verify your location.
If you meet those criteria, well, follow me! Here’s a step-by-step guide on placing your first NFL bet at a Colorado sportsbook:
- Choose a licensed sportsbook: Pick one of the top sportsbooks mentioned above that best suits your preferences.
- Register your account: Sign up and provide the necessary details.
- Verify your identity: Ensure all personal information is correct for security and regulatory compliance.
- Make a deposit: Fund your account with a payment method that works for you.
- Browse the NFL markets: Explore the wide range of NFL bets available.
- Place your bet: Select your bet type and hit “place bet” to get in the game!
Types of NFL Bets You Can Place
These days, there’s no shortage of bet types you can place on NFL games. While some you’re probably familiar with, others might be new to you. Here’s a breakdown of the most popular NFL bets you’ll see at the best sportsbooks Colorado.
NFL Moneyline Odds
Betting the money line is as simple as it comes: Pick the winner of the NFL game you’re betting on. For example: The Broncos are listed at -150 favorites. If you bet $150 and they win, you’ll win $100. And vice versa.
NFL Point Spread Odds
NFL betting is known for its point spreads, which provide an equalizer of sorts to the moneyline odds. Each game is given a point spread, favorite or underdog. If the Broncos are favored by 3 1/2 points, then they must win by a field goal or more for you to win the bet.
NFL Over/Under (Totals)
To bet the over/under on a game, you’re wagering on the combined score of both teams. This is my favorite type of traditional betting – especially when the Broncos are playing a high-powered offence like the Kansas City Chiefs. I like taking the over/under when I’m not quite sure on the two teams.
NFL Prop Bets and Futures Odds
Colorado sportsbooks offer a variety of prop bets for players to choose. These bets vary from player statistics (Bo Nix passing yards) to team stats (Broncos’ defensive sacks). Prop bets include futures bets – which allow you to bet on season outcomes (Broncos to the Super Bowl again?) or yearly awards like MVP or Rookie of the Year.
Betting on NFL props is the only way you can bet on football props in Colorado – state law prohibits prop bets on college sports.
NFL Parlay Odds
Parlays offer the highest reward payouts for NFL bettors – but also the most risk. By combining multiple bets, you can boost your payouts. Often, players mix prop bets and traditional bets, and one of the best strategies I’ve found is betting on season-long props in combination.
Payouts vary based on the bets and odds, which can be confusing. However, I’ve found that every online sportsbook in Colorado has a parlay calculator app, which lets players know the potential payout.
Parlays combine multiple bets for a bigger potential payout. While they’re harder to win, the rewards can be substantial. For example, combining three Broncos bets into a parlay could turn a $50 bet into a $300+ win if all picks hit.
Betting on the Denver Broncos: What to Watch For
For those who bleed orange and blue, betting on the Denver Broncos offers unique opportunities. Understanding the team’s strengths and weaknesses—and those of their opponents—can give you an edge.
Be informed. Stay in the loop by reading newspaper articles, TV interviews and social media for the latest team updates.
Player Prop Bets: If a player has a specific strength, like a dominant rushing game or passing accuracy, player props are the way to go. Watch for standout performances from players like Bo Nix or standout defensive stars.
Close Games: In tight matchups, the Moneyline is often the way to go. If you’re confident the Broncos will win, this is the simplest option.
Broncos as Heavy Favorites: If the Broncos are heavily favored, the Point Spread could offer better value.
Broncos as Underdogs: When the Broncos are underdogs, consider betting on the Point Spread, where they might be given a boost to close the gap.
Always bet with your brain. Don’t let your emotions sway your betting strategies – especially when betting on your favorite team! You are the expert but don’t bet more than your wallet can handle.
NFL Betting Odds Explained
The first thing to know before betting on NFL games is how exactly to bet. Understanding the odds is crucial for making informed bets.
Colorado sportsbooks use plus (+) and minus (-) symbols. Negative numbers (-110, -150, etc.) show how much you need to bet to win $100. Positive numbers (+150, +200, etc.) show how much you’d win the game on a $100 bet.
Where to Find the Best NFL Odds in Colorado
While I haven’t found odds to fluctuate highly at Colorado sportsbooks, there are some differences. Expect all the big books to post in a similar range. Below is a comparison:
| Super Bowl LIX – Outright Odds | |
| Team | Current |
| Detroit Lions | +280 |
| Kansas City Chiefs | +350 |
| Buffalo Bills | +550 |
| Baltimore Ravens | +600 |
| Philadelphia Eagles | +700 |
| Denver Broncos | N/A |
NFL Betting Apps in Colorado
Mobile betting dominates the Colorado market, with more and more players choosing to bet on apps. Every licensed state sportsbook includes a branded app. Here are my favorites:
DraftKings Sportsbook app
DraftKings offers a sleek, intuitive interface that makes NFL betting straightforward. Their app features lightning-fast live betting updates and seamless deposit options. Out of all the apps, I think DraftKings is the most solid across the board.
FanDuel Sportsbook app
FanDuel’s app excels in user experience, live-betting and placing quick bets. With their band founded off Daily Fantasy Sports, the NFL betting experience is most similar to your fantasy apps. I enjoyed the tutorial included in the app, which is helpful for newbies.
BetMGM Sportsbook app
BetMGM’s mobile app delivers a comprehensive NFL betting experience backed by their Vegas expertise. BetMGM sportsbook has an especially fun parlay builder, which offers exciting prop combos. MLife Rewards program is one of the best in class.
Fanatics Sportsbook app
What sets Fanatics apart is their FanCash rewards program, which connects sports merchandise rewards with betting activities. Their modern interface makes navigating NFL markets simple and straightforward. I’ve found their live betting platform particularly responsive during games, with quick deposit options and reliable customer support available 24/7.
Expert Tips for Successful NFL Betting
After years of experience with NFL betting, I’ve developed several key strategies to enjoy a sustained form of long-term betting. There is no proven successful way to bet on the NFL – online sportsbooks are in business to make money.
But by being informed, researching your picks and setting strict betting limits, you can get the most out of betting on America’s favorite professional sport:
Shop around for the best odds and Sign-up Bonuses:
Don’t just grab the first odds you see—shop around! Different sportsbooks have different prices, and finding the best value can really boost your payout.
Be sure to take advantage of sign-up bonuses to get some extra cash but always read the fine print. You don’t want any surprises down the line!
Researching Teams & Players Before Placing Bets
While many swear by their research for making NFL picks, here’s the big secret: There’s no one way to prep for Sunday’s sports betting.
The easiest? Be a fan! Follow football news, find reporters and analysts you trust, read articles, watch videos, and dive into injury reports.
Injury reports matter big-time—whether it’s a star like Patrick Mahomes or a role player like Tucker Kraft.
Other tips: I love looking at historical matchups, especially how coaching styles and player matchups influence outcomes. And never forget the weather, particularly for outdoor games.
As a Broncos fan, you know how Denver’s weather can shake things up. Don’t miss out on doing your homework!
Managing Your Bankroll Effectively
Betting on NFL games is a great way to complement the fun every weekend, but don’t have any illusions – it’s not a way to make money. Sure, it feels great to cash out some winnings, but the odds at Colorado online sportsbooks are stacked way higher than your bankroll.
Playing responsible and keeping a good bankroll management is crucial to enjoy NFL betting. After years in the game, I’ve seen what separates the winners from those who burn out.
Start by setting a clear budget that won’t mess with your finances, health, or life goals. It’s easy to get carried away, especially when betting on games involving the Denver Broncos. Keep emotions in check.
One of the principals I use is to only bet between 1% and 5% of your total bankroll. In a good year, maybe I bump it up to 7%. This approach helps protect me from significant losses and ensures I can enjoy sports betting long-term.
Set strict deposit limits, stick to them, and make the most of each Colorado sportsbook’s tools. Operators often have self-help options, like time, bet, and deposit limits, to help you stay on track.
Legal Status of NFL Betting in Colorado
Sports betting in Colorado became legal in November 2019 through Proposition DD. The NFL is far from the only sport you can bet on in the state – with a robust collection of operators, you can bet on almost any sport imaginable these days.
Sports betting launched on May 1, 2020 and is regulated by the Colorado Division of Gaming. Only sportsbooks licensed by the CDG can accept bets. Currently there are six online sportsbooks in Colorado and more are expected on the way – state law allows for up to 33 total sportsbook licenses.
All betting operators are regulated by independent testing and agencies like eCOGRA.
Conclusion
There’s never a better time to start placing NFL bets in Colorado. With options from a wide range of licensed sportsbooks and the biggest sports betting companies vying for your business, take advantage of the upcoming playoffs and Super Bowl odds and find the best welcome bonus offer you can!
While the sports betting experience enhances the game, remember to choose the sportsbook that is most tailored to your needs: Sportsbook Promos, prop bets or payout methods. With more sportsbooks in Colorado likely on the horizon, the competition will only get hotter!
NFL Betting Colorado FAQ
Is NFL betting legal in Colorado?
Yes, NFL betting is fully legal in Colorado for anyone 21 and older who is physically located within state lines. Sports betting was legalized through Proposition DD in 2019 and launched in May 2020 and all betting operations are overseen by the The Colorado Division of Gaming.
How do I place a bet on an NFL game in Colorado?
To bet on NFL games, first choose a licensed Colorado sportsbook and create an account. You’ll need to verify your identity and age (21+). Once approved, deposit funds and you can start placing bets through the sportsbook’s website or mobile app.
Where can I bet on the Denver Broncos?
You can bet on the Broncos through any licensed Colorado sportsbook. Popular options include DraftKings, FanDuel, BetMGM, Caesars, and Fanatics. Each offers various betting markets for Broncos games, from simple moneyline bets to complex props.
What types of bets can I place on an NFL game?
Colorado sportsbooks offer numerous NFL betting options including moneyline, point spreads, totals (over/under), player props, team props, parlays, and futures bets. You can also enjoy live betting during games for additional excitement.
How can I find the best NFL odds in Colorado?
Compare odds across multiple licensed sportsbooks to find the best value. Each sportsbook sets their own odds, so line shopping can significantly improve your potential returns. Many players maintain accounts at several sportsbooks for this purpose.
What mobile apps can I use to bet on NFL games in Colorado?
Licensed sportsbooks like DraftKings, FanDuel, BetMGM, Caesars, and Fanatics all offer mobile apps for NFL betting in Colorado. Download directly from the sportsbook’s website or your device’s app store, create an account, and start betting.