Betfred Sportsbook CO
* Please note - Our star ratings are based on our personal opinion of the gambling sites we work with. We also take customer feedback into account in our rankings.
Risk-Free Bet up to $500
Valid May 2022
  • Great welcome offer
  • Plenty of betting options
  • Android and iOS mobile apps
  • Competitive lines

Betfred Sportsbook Colorado Promo Code

Fred Done (rhymes with “bone”) built Betfred from the ground up, starting as a small shop in the UK before expanding to over 1,000 shops and an online service. Now, over 50 years after this now billion-dollar betting platform opened its doors, bettors in Colorado can use this thoughtfully-designed sportsbook to place bets anywhere in the state on mobile devices and computers.

We’ll detail how you can get online with the Betfred promo code and services on mobile devices and browsers and use this nicely featured, usable, versatile app to place sports bets on everything from March Madness to the Super Bowl and more.

Betfred Sportsbook Colorado Bonus Offer

Betfred is offering new users a “risk-free bet” worth up to $500. Simply make your first deposit, place a wager, and if it loses, Betfred will offer you a Colorado sportsbook bonus rebate equal to the value of the bet. The maximum refund is $500, so any larger bets would only be eligible or a $500 bonus.

Betfred Sportsbook CO 2022 promo code & details

Betfred Sportsbook COJust click this link
CO Bonus OfferRisk-Free Bet up to $500
Casino Partner in COSaratoga Black Hawk Casino
Bonus ValidMay 2022

Exclusive $500 Risk-Free Bet

When you sign up with a Betfred CO promo code through COBets and make your first deposit of $10+, you’ll be rewarded a one-time risk-free bet that can be worth as much as $500. From there, just bet $10+ on any wager listed at -200 odds or longer (+150 qualifies, -250 does not) and Betfred will send you a free bet credit equal to the value of the bet if the wager loses. If you bet $50 and lose, you’ll get a $50 bonus. If you bet $300 and whiff, you’ll get a $300 bonus, and so on up to the $500 maximum.

Risk-free bets are one of the better “welcome offer” promotions as they all but guarantee you can’t lose on your first wager. If everything goes south, you get at least one more try to get it right. Everyone loves a second chance. The only downside is if you win your first bet, you won’t be getting any value here… but hey, you started out with a win – and that counts for a lot.

Why Wager with Betfred Sportsbook?

  • Interface: Betfred’s interface is clean, informational, and sleek. Graphics and transitions don’t feel outdated, nor do they clutter the screen with too many bells and whistles.
  • Bet Slip: The bet slip on Betfred is incredibly versatile and featured, allowing you to place a myriad of available bets including their very own ‘Parlay+’ feature, which is essentially Betfred’s take on a Same Game Parlay.
  • Competitive pricing: Betfred keeps its prices competitive with other books, and tends to have odds that are on par with similar sportsbooks.
  • Daily/weekly bet boosts: Users of the Betfred platform will benefit from regular boosted odds, which is a great way of maximizing your potential payout.

What could improve at Betfred

  • Mobile interface has some issues: The mobile version of the Betfred platform functions just as well as the desktop, but does suffer from small delays when loading a lot of on-screen info.

Other Promotions, Rewards Programs

The fun doesn’t stop after taking advantage of the new customer bonus. Betfred offers periodic promo offerings, but it seems to be mostly for bigger events such as NFL playoffs and the start of new seasons. These promotional offers will vary depending on the time of year but generally include offers that award users with free bets for placing wagers on particular events.

Betfred Boosts are a great way for bettors of all skillsets to increase the potential value of a wager. Often, these daily odds boosts will bump your player or team up quite a few points. For example, if a player is expected to score a triple-double in a game, oddsmakers might set the odds at that happening around +400. An odds boost promotion can bump these odds into the positives at +600, meaning your potential payout on a $100 bet just jumped from $400 to $600. Always be sure to check out the boosted bets section to be sure you are getting the best odds on a bet you may have made anyway.

Additionally, Betfred is an expanding platform, and the sports betting market in the US is still stretching its legs, so to speak. The industry is exploding, and it wouldn’t be completely out of the question for Betfred to eventually offer some kind of cashback rewards program or VIP program to users betting in Colorado. If that happens, loyalty programs usually function as tier-based rewards systems that give users points for every dollar they spend, points that can be used for cashback rewards, exclusive promotions, and more.

Betfred Sportsbook Overview

Colorado was one of several states to go live with legal, online sports betting in 2020. After the passing of Proposition DD in 2019, Colorado legislators found themselves with unique challenges, but were still able to enact rules for legal, online sports betting by May 2020.

Soon after, Betfred, the famed UK bookmaker, was able to enter the market with desktop and mobile support for their online platform. Serving bettors in Europe for over half a century, Betfred is tailor-made for discerning sports fans looking to put a bit of risk into their sports watching experience, whether you’re jumping into a new hobby or looking for the best tools for your existing betting pursuits.

The Betfred suite of apps and the desktop platform are attractive and functional– there’s a bit of a learning curve, but the welcome offer enables new users to get a feel for betting without losing it all on the first wager. If you’re still stumped, there isn’t much in the way of betting help or FAQs on Betfred, so your best bet is to check out our knowledge base.

How to Bet Legally in Colorado

All users wagering on sports in Colorado must verify that they are physically present in the state when wagering: the app and the desktop version of the platform will require users to share their location, either through the GeoComply plugin on desktop browsers or using your mobile device’s location services.

Also, you’ll need to share part of your SSN in order for Betfred to verify that your identity is correct and that you’re of legal betting age. Betfred and platforms like it are legally required to share this information with the state’s division of gaming. Some bettors may be a bit hesitant at first, but don’t worry– all of the apps that we review are secure and certified by state gaming authorities, same as the retail casinos.

Betfred Sportsbook Mobile App

      • Availability: The Betfred app is available on iOS and Android devices as well as Macs and PCs.
      • Responsiveness: Betfred’s desktop platform is incredibly responsive and works well on almost all browsers. The mobile platform is similarly responsive but does suffer some short delays when loading up lines or new screens.
      • Stability: The Betfred app was stable on multiple connections, including both the use of WiFi and data connections on mobile devices.
      • Appearance: The Betfred app and desktop site both have a sleek appearance, with pleasing graphics and an interface that didn’t distract from the betting experience.
      • Betslip building: Betfred has perhaps one of the most versatile and useful betslips on the CO market. This betslip gives users options for parlays, teasers, and a Bet Builder right on the slip, making it one of the more feature-heavy betslips we’ve ever seen. Options for “quick bets” and the ability to customize how odds changes are handled are really neat features as well.
      • Banking: Betfred could do with an expansion of their banking options, as they are a bit limited. Still, the Play+ card adds some added versatility to Betfred’s cashiering options, so users won’t be disappointed with their choices.

The great thing about this app, by virtue of Colorado sports betting law, is that you can sign up and start betting from anywhere in Colorado. Sitting in the bleachers at Empower Field? Download, sign up, and start betting on the Broncos game that’s unfolding in front of you. The Betfred app is a good addition to the sports bettor’s home screen, boasting the ability to place all your favorite bets from props to 10-leg parlays all at the tap of a finger.

Desktop Platform

Betfred Colorado Desktop

The desktop platform is another great way to make use of the Betfred sports betting service. The experience on desktop differs in that it certainly isn’t as portable as the mobile app, but does give users more real estate on their screen to play with. Betfred recently implemented a strong new addition to their desktop home screen by adding in the ‘Trending Bets’ section, located to the left of the betslip. This section not only provides users with suggestions on some of the trendier selections for that night, but also makes great use of some space on the homepage that previously went unused.

Additionally, the desktop app is slightly more responsive than the mobile app, not suffering from momentary screen flickers as lines load on your screen. Whether you’re playing on your rig at home or on your phone, you’ll have access to the versatile Betfred slip, boosted bets, and all the features offered by this operator.

Deposits and Withdrawals

Now that you’ve got all the information you need to start betting, it’s important to get an idea of Colorado sportsbook banking methods (deposit cash and withdraw your winnings). Keep in mind that it’s always a good idea to manage your bankroll– it’s a bummer to lose your entire wallet on one bet, so bet smart so you can stay in the game for longer.

A special note about Betfred’s cashiering options: the Play+ card is perhaps the most versatile of all of these options, letting users use third party payment options like PayPal to deposit funds. Additionally, with PayNearMe, simply visit in-person locations to make cash deposits into your Betfred account– check the PayNearMe website for Colorado locations.

Deposit Options

Here are the available deposit options at Betfred:

      • Play+ Prepaid Card
      • Credit/Debit Card
      • Online Bank Transfer
      • PayNearMe
      • VIP Preferred e-check
      • Cash at Cage, Saratoga Black Hawk Casino

Withdrawal Options

Withdrawal options at Betfred are:

      • Play+ Prepaid Card
      • VIP Preferred e-check
      • Cash at Cage, Saratoga Black Hawk Casino
      • Check via snail mail

Pricing and Betting Options at Betfred

Now that you’re ready to bet and claim the Betfred promo code and you’ve got everything set in place, you’ll have quite a few options for betting available to you from Colorado. Those options include:

      • Moneyline bets, like a bet on the Nuggets to win the game. That’s it. Just win.
      • Spread bets, like a bet on the Nuggets -2.5. In order to cash this bet, the Nuggets would have to win the game by 3 or more points.
      • Totals or Over/Under bets, wherein you bet on the total expected number of points scored by both teams.
      • Parlays, allowing users to place multiple bets for a higher potential payout.
      • Multiple bets all the way from trixies to Goliath bets, the latter of which clocks in at 247 bets on 8 picks.

Pricing at Betfred is, as we’ve stated, competitive. Taking a look at similar sportsbooks licensed to operate in Colorado like DraftKings and FOX Bet, we noticed pricing was on-par for both pregame and live markets but with slightly larger margins on moneyline bets than their competition. It’s always a good idea to compare lines on a few sportsbooks that suit your fancy, but we’ve done most of the legwork in that regard for you, finding that Betfred’s pricing mostly matches up with industry standards.

Betting Markets

Betfred has everything you’d expect from a sportsbook these days, including national favorites, international markets, and a welcome bonus code. NCAA football and basketball are also available, in addition to multiple leagues within these markets (including MLS and international soccer, Canadian football, and more).

      • Baseball
      • Basketball
      • Boxing
      • Football
      • Golf
      • Ice Hockey
      • Mixed Martial Arts
      • Motor Racing
      • Rugby Union
      • Soccer
      • Table Tennis
      • Tennis

Quite a few niche/international markets are hosted here, including Rugby Union and table tennis, both of which aren’t always found on US sportsbooks. It’s possible that even more sports and niche markets will be added to the list as time goes on, but for now, you’ve got a good enough selection with Betfred.

Customer Service

Betfred offers its users a fantastic trio of customer service options. Customer service needs can be addressed at any time by clicking on the ‘Betfred Support’ tab located in the upper-left hand corner of the mobile app’s homepage.

For desktop users, simply click on ‘Need Help? Contact Us,’ which is written in fine print just over to the right of the Betfred Sports logo at the top of the page. Customer support is available from 8am-9pm Monday through Thursday and from 8am to 11pm Friday through Sunday. Players can contact a customer service representative through any of the following methods:

  • Phone Call: 855-769-4878
  • Text: 720-640-4033
  • Email: support.co@betfred.com
  • Live Chat: Simply click on the chat bubble in the bottom lefthand corner of the desktop layout.

Use them for help claiming the Betfred promo code or if there are any issues with depositing or withdrawing money.

Betfred Colorado’s Land-Based Sportsbook

All online sports betting apps in Colorado have to partner with a local casino in order to legally offer their online betting services. Thus, Betfred is teamed up with Saratoga Black Hawk Casino as their retail partner. If you’re feeling like having the full casino-resort experience and betting on your favorite sports while you’re at it, visit Betfred’s brick and mortar location in Black Hawk. The physical Betfred location boasts a 1,400 square foot betting floor complete with multiple windows, a lounge, and of course, and a plethora of LED flatscreens everywhere you look.

If you’re looking to do your banking directly at the casino cage, the Saratoga Black Hawk is the place to go. However, all of your wagering and cashiering can be done directly from the mobile app or desktop version of the platform, detailed below in the “Deposits & Withdrawals” section of this review.

Overall Experience with Betfred Sportsbook

Betfred has been offering online sports betting in Colorado since 2020, and it seems to be a worthwhile pursuit for all parties involved. Betfred continues to expand into the US, strengthening their market share and getting access to new customers; Colorado-based sports bettors get access to a solid betting platform with support for multiple devices and a decent welcome offer with few hooks.

The mobile app is functional and a great way to bring your sports bets with you right in your pocket. There are a few minor concerns, namely the short loading delays, but overall the experience of using the Betfred app is good on all up-to-date Android and iOS devices.

The experience on desktop is even better, as placing bets and navigating the Betfred interface feels a bit more comfortable and responsive on desktop computers, laptops, and the like. When you’re in the comfort of your own home, desktop is a great way to go, while the Betfred app is a great way to bet when you’re on the move.

We’d love to see Betfred add a few more features in the way of customer support, namely an FAQ or some kind of Knowledge Base for users to get their own information regarding bets, , codes, cashier options, and more. There are options for email, phone, and live chat support, which is a great selection of support choices for users to get in touch, but the lack of a section for users to find their own answers is surprising. Still, this doesn’t detract from the overall experience of using the app.

On the whole, the Betfred betting service is suited for everyone from the beginner to the experienced bettor as both the app and desktop versions are both fairly intuitive. Fans of both national and international sports will find a home on Betfred, a platform that’s performing well in the Colorado market and expected to bring its feature-heavy platform to more states in the union as time goes on.

Betfred CO Verdict

  • New Player Bonus
  • Promotions
  • Pricing and Lines
  • Software
  • Banking

Betfred is an incredibly versatile, easy-to-look-at platform with a good set of features. The platform could be doing more in the way of user promotions, but is overall a great service.


Chris Altman has years of experience in online content production and editing. A digital and physical nomad, Chris has spent time writing and working in Europe, South America, and New York City, but now calls Pacific Northwest his home base.