Is it Legal to Bet on Sports in Colorado?

As of November 2019, Colorado joined the growing list of states offering legal sports betting. While sports betting has been restricted in most US states for several years, a recent change to federal law has meant that states are now free to legalize and regulate sports betting. This means that all across the US, more sportsbooks, both online and retail, are opening up for betting.

Online sports betting in Colorado is controlled by the Colorado Division of Gaming. If you want to bet legally, you’ll need to choose a site or sportsbook licensed by this government agency. The first online sports betting sites were launched in May 2020, and since then, several new sites have begun to accept Colorado residents and visitors to the state.

 

Rules for Betting in Colorado

While legal betting in Colorado is now available, there are still some rules on how and where you can bet. If you want to stay safe while placing bets, it’s a good idea to remember the rules and follow them, as they’ve been put in place to protect bettors.

  • You must be at least 21 years old to bet – To protect minors, the state has put an age restriction in place. You’ll need to be at least 21 years old to place a bet, and all sites and sportsbooks will check your ID before you can sign up or make a bet.
  • You have to be within the state lines to place a bet–While betting is growing in popularity, different states still have different rules. You won’t be able to visit and use a Colorado online sportsbook unless you’re within the state borders. Online sportsbooks use geolocation tools to check that you’re in Colorado when you place a bet.
  • Mobile betting is permitted – Most major online betting platforms are compatible with mobile devices, letting you place bets wherever you go. You can also download a dedicated betting app to your phone for a smoother betting experience.
  • If betting online, the site needs to be licensed by the Colorado Division of Gaming – Some players may be tempted to sign up to off-shore betting sites, and while these may sometimes advertise lots of great odds, there’s no way to ensure that the site is safe. When you bet at a sportsbook licensed by the Colorado Division of Gaming, you can be sure that your money is safe.
  • High school sports and proposition bets on college sports aren’t allowed – To preserve the integrity of these sports, bets aren’t accepted in certain cases. You also can’t bet on eSports that aren’t sanctioned by a sports governing body.

 

Betting Odds in Colorado

The odds you can find at sportsbooks in Colorado can vary a lot.  Generally, Colorado sportsbook odds will follow those offered by other states, such as Nevada. However, this doesn’t mean that there isn’t any variation in lines. Sportsbooks will often offer better odds than those available at other sites, as this is a great way to attract new bettors.

If you want to find the best odds, we recommend looking around and signing up to as many different sportsbooks as possible. Depending on the sports you like to bet on, you can find quite a lot of variation between different sportsbooks in Colorado. Big leagues such as the NFL, NBA, NHL, and MLB are less likely to feature many variations in the odds, but if local teams are playing, you can often find some good value in a promotion.

Another good way to find good value in the odds is to look at different betting markets. Most sites will offer over-under, moneyline, and parlays. You can also look into proposition bets and in-game bets. In-game bets allow you to place bets live while the match is in-play. These live bets add some extra excitement to a live game and let you make more informed betting decisions while the match is in play.

Finally, some Colorado online sportsbooks will also offer the chance to cash out your bets. You can collect a portion of your winnings before the game is over or cut your losses and recover some of your stakes if your bet is losing.

5 Tips for Successful Betting

successful sports betting

Becoming a successful sports bettor is not an overnight endeavor, that is for sure. Beginner’s luck may smile upon you, but to make it a sustainable source of income, you must understand how to win at sports betting on the regular. Ups and downs are the names of the game. Nevertheless, online sports betting is a great way to raise the stakes of any deal and get your blood pumping. If you are just starting, Mr Bet casino bonus is a great way to get rolling. Pros know that there are many things to look out for to increase your chances of success when it comes to placing the right bets. Let us look at five sports betting tips that will get you to make money in the long run!

Keep Accounts With Numerous Bookmakers

Some of the most important tips for becoming a successful bettor have nothing to do with match-oriented information. Instead, they are strategic moves that will offer you thought-out leeway in your decision-making. One of them is keeping tabs with many bookmakers on the market. If you want to be successful in sports betting, you must be ready to exploit the market. To do this efficiently, be aware of the opportunities. The competition between different bookmakers is stiff, to say the least. Thankfully, this leads to differing odds between various bookies. Why would you bet on a single bookmaker when you can have a few options? This full list of bookmakers will help you keep an eye on the best choices and match odds at any given time. 

Stay With One Sport and a Couple of Leagues

A tip that you will find in most excellent sports betting books – focus on one game. The options to bet online on the best sports betting apps are many, and they may be alluring to try. They are designed to suck you in, but it is crucial not to spread yourself too thin. You will get much more value in the long run if you gain expertise in one sport. Remember: what you ultimately want is to understand one niche enough to exploit the easy bets. Betting should be a though-out investment, not willy-nilly if you aim to make real money. 

placing bets
placing bets

Create an Account on a Betting Exchange

By making an account on a betting exchange, you will ensure to get the best odds because there will be no commission fee on your bets. Additionally, it will allow you to spend as much money on a particular wager as you please, and on every match. It is great to know that you have an easy deal on your hands. Bookmakers may limit your account and even close bets; they may not be as trustworthy as a betting exchange under varying circumstances.

Detach Emotions From Sports Betting

If you aim to be a professional sports bettor, there is not much room for emotions and sentiment. Leave these for novices. Surely, it is fun to stake on your favorite high-school team, but you have to let the numbers do the talking. Everyone wants their team to win, but you are to cultivate enough of a cold-blooded instinct to detach yourself from sentiment in your decisions. Keep your eyes on sports betting news outlets, digest the information, and strike when you have enough of it, coupled with stats in your favor.

celebrating victory
celebrating victory

Start With a Sensible Bankroll

If you want to keep making money in sports betting, you need to start with a bankroll that will be able to handle some losses. If you think of betting in units, the average being one unit per bet, a minimum of 50 units is a good way to start. A bankroll of 1000 dollars would make an average unit of 20 dollars. Avoid the need to be a high roller, and keep a wise staking plan envisioned. A 1000-dollar bankroll can turn into a fairly substantial amount quickly enough if you play smart. To help with the numbers, you can use online sports betting calculators that can make your life easier. 

Becoming a successful sports bettor will require smart stakes, strategic thinking, and plenty of research. Many people are making great money in sports betting, and there is no reason why you should not be one of them. If you have the dedication, the sky is the limit. Should you have any tips or insights, please share them in the comments below. We would love to hear your opinions!

 

Author’s Bio

Chris Delgado is a Junior Copywriter with high ambitions and an undivided passion for gambling. He is currently studying to get his degree, and his future prospects revolve around crypto trading and financial writing. In his spare time, he is a dedicated volunteer at a local homeless cafeteria.

5 Tips to Make Profits from Soccer Betting

5 Tips to Make Profits from Soccer Betting

When betting on football, it is important to make accurate predictz football predictions. You may be an experienced or beginner bettor, but it is important to always follow certain rules to succeed. Doing simple things right can help you in the long way as a soccer bettor. The following guide should help you get things right like expert tipsters every time you place a bet.

i. Gather All the Information

As a soccer punter, this should be the first rule that you should follow. Football is the most popular sport in the world. This further means that all the statistics related to each and every match, at division, league, and higher levels are available easily. It is not just the winning and losing data related to matches. You should also learn about the rules of the leagues or tournaments that you want to bet on.

ii. Maintain a Record

Experienced and verified tipsters are different from other bettors in so many ways. One such way is that they maintain the records of their betting wins and losses. The fact is that very few bettors, including experienced ones, maintain a record of their betting.

  • When you keep a record, you can track your winnings and losses
  • You can identify the betting markets that drive more profits or success for you
  • Make sure to maintain a spreadsheet showing your track with different bookies
  • The data can also help you find the best odds for betting

Experienced tipsters have gone through lots of wins and losses. It is by tracking their performance that they have been able to improve their success rates and achieve success in the long-term.

iii. Learn the Concept of Value

You should learn not just what value means in football betting, but also how to find it. Once you can identify value in bets, it will become easier to make winning predictz football predictions on a more consistent basis.

A value bet is a type of bet where the chances of a likely result are much higher than what the bookies’ odds are showing. So if the bookies odds are supporting the stronger team A winning the match, and you find that the underdog team B has a greater motivation to win, you may have just found a value bet.

iv. Don’t Always Follow the Crowd

It is easy to bet on something that is obvious. If team A is much higher on the table, almost everyone is going to bet on it winning. However, this translates into lower odds and smaller profits from your bets. If you want to bet and win big like verified tipsters, you should learn to identify opportunities with high odds. This point has a lot to do with finding value in bets.

v. Learn to be Patient

When betting on football, it is important to learn how to be patient. There are opportunities propping up every now and then. Your goal should be to make profits over a long period, instead of winning each and every bet. And those big opportunities lie in making accurate predictz football predictions and winning on markets with big odds. If you want to make some serious money every month and at the end of every season, you should learn how to be patient.

One way to do so is by relying on predictions and tips from verified tipsters. Such experts do all the research and check all the factors involved before making their tips.

What Is The Importance Of The First Goal In Soccer?

What Is The Importance Of The First Goal In Soccer?

This is especially true in case of live betting since bettors are able to stake their money in those events which have had precedence in an ongoing game. Using historic data most tipster websites offer tips based on speculations and assumptions but for live betting, these whoscored predictions are based on events that have just happened and which have a greater impact on the outcome of a game.

Team winning statistics

Statistically, it has been proved that teams scoring the first goal in a soccer match are much better placed, physically and mentally, to win in the end. To be more precise, teams which score the first goal in a soccer match have a:

  • 69% chance of winning the match,
  • 19% chance of the match resulting in a draw and
  • 12% chance only of losing the match.

However, most tipster websites offering soccerway betting tips state that while these statistics are true for individual games, league group matches and league table standings might have a different impact on the same.

On the other hand, the team against which the goal has been scored tends to become a bit demoralised thereby dimming the chances of making a comeback. Thus using these first goal statistics and facts, bettors with whoscored predictions are better placed to make a correct prediction of the final results of the match.

Exceptions to the rule

Soccer is an unpredictable game and no amount of data and statistical analysis can guarantee 100% predictions and tips from tipster websites. It would also not be wrong to say that the surety of a win has a tendency to rob the game of its thrill and excitement; two factors that make for a great adrenaline rush as experienced by players, viewers, punters and bookies alike.

There are other factors involved in the games which have an impact on the soccerway betting tips and predictions like:

  • Whether the first goal was scored by the home or away team,
  • The point of the game at which the goal was scored,
  • The physical state of the teams,
  • The progress of the weather etc.

These result in the formation of situations wherein visiting teams manage to turn the tides in their favour and win the game even after losing out on scoring the first goal.

Thus it would not be wrong to say that winning a wager in soccer betting depends on a strategy which involves getting good whoscored tips and taking the statistics involved into consideration thereby enabling the punter to achieve almost 80% success in placing a wager.