WynnBET Sportsbook Colorado: 2021 Promo Code & Review
WynnBET went live in Colorado in late 2020 through a partnership with Bronco Billy’s Casino, the popular Cripple Creek-based gambling establishment. WynnBET’s entry into the crowded Colorado sports betting market brings with it a few advantages for bettors who prefer to only bet using their smartphone. Read on to learn about WynnBET’s new customer bonus offer, a review of its app, the many betting options available, and more.
WynnBET CO Sportsbook Welcome Bonus Offer
|WynnBET Sportsbook CO Promo Code||USBBONUS|
|Bonus Offer||$1000 Risk-Free Bet|
|Bonus Valid||September 2021|
|CO License Partner||Bronco Billy's Casino|
|Online Launch||Dec. 2020|
WynnBET has a generous $1000 “risk-free bet” offer for new customers. Here’s how it works. If you deposit $20 or more, your first bet is “risk-free” up to $1000. So, if you make a $1000 deposit and bet it all on the Nuggets -5 vs. Minnesota that night and the Nuggets win by 9, you won the bet. Good job!
On the other hand, if the Timberwolves somehow outplay Nikola Jokic and the Nuggets and pull out a win, you’re not out of luck. Your $1000 losing wager will be added back to your account in the form of a free bet. If you use that $1000 risk-free bet on the Nuggets again and they win, you are back in business. But there are a few notes on this risk-free offer:
- If your free bet wins, you are only eligible to withdraw the winnings from the bet, not the bet itself. So if you bet $500 on the Nuggets using your risk-free bet and they cover, you can only withdraw $454.55 (the winning amount on a standard -110 bet), not $954.55 (winning amount + free bet amount)
- The risk-free bet must be placed within 10 days after making your first deposit
- The risk-free bet can be a straight bet or a parlay, but it cannot be a boosted parlay, or any other wager with boosted odds or insurance
- The first risk-free bet must be placed on an event with odds between -150 and +10000
- Any resulting free bets from the promotion must be used within 10 days of receipt
The Wynn brand is well-known worldwide. Wynn hotels are in Las Vegas but can also be found in Massachusetts and Macau, a large gambling destination near Hong Kong. Wynn hotels are unmatched in quality and feature exceptional service and hospitality. As WynnBET Colorado indicates, WynnBET is a “premium online casino and sports betting” operator. But doesn’t premium imply many different options like, say, a browser version of the sportsbook? In Colorado, you can only bet on the WynnBET app. There is no browser version available.
The app version of the sportsbook functions well enough and offers competitive odds, but its offerings and layout are unexceptional. If you judge the app on its own, there isn’t a lot to complain about. It’s pretty good. But overall, the WynnBET online betting experience in Colorado doesn’t quite match the premium standard the Wynn Company has worked so hard to establish. It’s a relatively fresh product though, so we’re optimistic for improvement.
Mobile app layout
In Colorado, WynnBET is only available as a downloadable smartphone app. There is a browser version available in other states, but not yet in CO. This is not necessarily a deal-breaker because most bettors are placing wagers on their smartphones anyway. WynnBET had some issues with Android compatibility, but they seem to be resolved and now Android or iPhone users can easily download the WynnBET app to their smartphone. If the lack of a browser option is a deal-breaker for you, we encourage you to check out Caesars Sportsbook, BetMGM, or FanDuel, all of which have both smartphone and browser versions.
However, if you plan on doing all your betting on your smartphone, read on, because you will be able to use, and may end up enjoying, the WynnBET app for all your sports betting needs.
WynnBET iOS app
The WynnBET user experience is a smooth, relatively standard set up for an online sportsbook. The very top of the app allows for easy access to account features and banking. Just below there’s a search bar (love to see a search bar!), a scrolling lineup of promotional adverts, and then it jumps into the available markets.
Whatever the highest profile sport of the day is will be shown front and center on the WynnBET mobile app homepage. If you’re looking for something more niche, the search bar, the quick links near the top of the app, or the ‘Search’ icon at the bottom can get you there. The ‘Search’ icon will actually call up the full A-Z list of options.
Once you’ve narrowed it down, say, to an Avalanche game, just click the wager you want. One aspect of WynnBET that we really appreciate is the way it displays your currently selected bets live, on the app, via a little stamp-like feature in the bottom right. As you add more items to your betting slip the odds number displayed will automatically update on the fly. This makes building multi-item bets, like parlays, a breeze.
To actually place a bet, simply click on the stamp-sized bet slip in the bottom right. It will load the bet slip, clearly lay out the odds and potential payouts, and offer the ‘Place Bet’ button to finalize.
Local partner: Bronco Billy’s Casino
As mentioned, WynnBET has partnered with Bronco Billy’s Casino to bring its sports betting app to the Centennial state. But that does not mean that Bronco Billy’s Casino has a Wynn-branded retail sportsbook at its Cripple Creek location. WynnBET is an online “skin,” meaning that it partnered with a retail casino (Bronco Billy’s) for market access, but it is not required to, and does not have a local retail presence.
In Colorado, sports betting companies are authorized to partner with existing retail casinos to bring their online brands to the state. Bronco Billy’s Casino has partnered with other sports betting operators, in addition to WynnBET. This does not affect WynnBET customers aside from being unable to go to a retail casino cage to make deposits or withdrawals. Everything is online-only.
Speaking of online-only, you are probably used to doing most of your banking online anyway, so not being able to drive to Cripple Creek to visit the casino cage won’t be a big deal, especially in winter. Much better to make deposits and withdrawals through your phone from your couch. Let’s go over the banking options available to you when you bet with WynnBET.
Paypal is a popular option for sportsbook operators. It is easy to make deposits and withdrawals because the money is just taken from your PayPal account rather than your bank account (although you can link your bank account to your PayPal account). This is important because some banks and credit unions do not allow their customers to make deposits at online sportsbooks. PayPal is available for both deposits and withdrawals at WynnBET.
As discussed previously, some banks do not authorize their customers to make deposits at WynnBET and other online sportsbooks. In fact, WynnBET mentions this in their online FAQ about deposit and withdrawal methods. WynnBET accepts Visa and Mastercard deposits but you may want to check with your financial institution first to ensure that you are able to deposit using your credit or debit card.
VIP Preferred eCheck
Using eCheck is a quick and easy way to transfer funds from your checking account to your WynnBET account. You just need to provide your drivers license information and checking account details and you will be all set. Its important to mention that when using VIP preferred, it may take up to 3 days for the money to move out of your bank account, but funds will be available to use on WynnBet immediately.
WynnBET Play+ branded prepaid card
You can make deposits to a Play+ account that will immediately show up in your WynnBET account. Play+ is available at almost every online sportsbook and is easy to set up and manage. Be prepared to provide additional personal information, including your Social Security number and date of birth, to complete the registration process. Also make sure the information, including your address, listed in your Play+ account matches the information in your bank account. If it doesn’t, you may not be able to make a deposit. Play+ is available for both deposits and withdrawals at WynnBET CO. Once the prepaid card arrives within 14 days, you can use the card to withdraw winnings at any ATM or use the card anywhere Discover is accepted.
Each state allows certain types of sports bets as part of their regulatory structure. The allowed bet types are usually in the rules published by the agency in charge of regulating the sports betting industry in each particular state, the Colorado Division of Gaming in this case. Colorado has allowed a wide variety of bets to be offered by sportsbooks in the state. Types of bets offered by WynnBET include:
Spread bet – This is the most common type of bet. You’re betting whether a team will cover the point spread. If the Nuggets are favored by 5 (listed as -5), they have to win by 6 or more for you to win the bet. On the other hand, if the Nuggets are 5-point underdogs (listed as +5), if they win, or lose by 4 or fewer points, you win the bet.
Moneyline – Another very common bet type, a moneyline bet is a simple wager on whether a team will win or lose. If the Nuggets are favored by 5 “against the spread,” they might be -130 “on the moneyline.” This would mean that it would take $130 to win $100, but you don’t have to worry about the team having to “cover the spread” by winning by 6.
Parlay – A parlay is just two or more bets put together into one bet. If you want to bet on the Nuggets -5 and the Buffaloes -4 in Saturday’s football game, you can combine both bets into a two-team parlay. You can combine 2 to 15 different bets into a parlay bet. The only thing is that all the individual bets have to win for you to win your bet. Parlay bets are becoming more popular because you can bet a small amount of money to win a potentially huge payout.
Teaser – Say you think the Nuggets and Buffaloes will win this week but you aren’t sure they will cover the current point spread. You can “tease” the number down by several points. So if both teams are favored by 8 and you bet a 6-point teaser, you now have them favored by only 2. This is a more favorable number, but both bets still have to win and the payout isn’t as high as a parlay.
Futures – If you think the Nuggets will win the NBA Championship this year and you bet on them to do so, you just made a futures bet. The odds are usually pretty good because no one is really sure who will win the title at the beginning of the season, but you’re tying up your money for a long time by making a futures bet.
Prop bets – Will the Nuggets superstar center Nikola Jokic score 20 or more points tonight? If you think so, you can bet on it. A prop bet is a wager on something unrelated to the actual score of the game. It usually has to do with individual players, but it can also be related to teams. You can bet on the winning margin, how many points a player will score, or whether a team will lead at halftime and end up winning or losing the game. There are dozens of prop bets available for every game; high-profile events like the NFL playoffs have hundreds of prop bets available. The only notable exception is that college player prop bets are not available in Colorado, per state law.
Live/In-Play – Many people believe that live, or in-play, betting is the wave of the future. We are getting to the point where you will soon be able to bet on whether Jokic will make his next shot in real time while he is dribbling down the court. The technology for live wagering is rapidly evolving, and more and more live bets are being posted on WynnBET and other sportsbooks. The in-play odds are constantly adjusted during the game in as close to real time as possible. Live betting is a good way to hedge or double-down on your pre-game bets depending on if your team is winning or losing.
Round Robin – Here’s a secret: no one actually knows what a Round Robin bet is. They may tell you that it’s like a Parlay bet, but it is actually so complicated that no one makes the wager. Like calculus… Just kidding. A round robin wager is a combination of three or more wagers, like a parlay, but grouped together in a way that means you don’t lose everything if one of your picks loses.
Over/Under – Do you think the Nuggets will score more than 110 points in their upcoming game? If so, you can bet the over. If not, you can bet the under. An over/under, or totals, bet is simply wagering on whether the score will be over or under a certain amount. You can bet over and under on specific teams, quarters, halves, or the final score. A player over/under would be considered a prop bet.
An available wager posted on a sportsbook is known as a “market.” So if a sportsbook offers the Nuggets -5 (-110), that would be one market. It’s called a market because the sportsbook has offered the betting opportunity, or “made the market” for the bet. The sportsbook is the “marketplace” that offers available bets, or markets. At major sportsbooks such as WynnBET, each game has dozens of markets; some larger events like the Super Bowl have hundreds of markets. Colorado regulators have authorized betting markets for every conceivable sport worldwide, from Australian Rules Football to Badminton to Cornhole (yes, cornhole!). This is great for bettors in the state who love taking a flyer on lesser-known sports.
Sportsbook operators in Colorado are allowed to offer markets on pretty much any competition or event, but most stick to the major sports worldwide. WynnBET offers wagering opportunities on all the major sports and has markets in the above bet types. Its breadth of available sports is not as wide as other sportsbooks but you can get solid odds on major sports like NCAA football and basketball, NFL, MLB, NHL, soccer, and more.
Additionally, unlike some other states, bettors in Colorado are allowed to wager on college teams based in the state. So if you’re in Colorado, you can bet on the CU Buffaloes and Air Force Falcons along with the Nuggets, Broncos, Rockies, and Avalanche. As referenced above, college prop bets are not available, which is similar to most other states.
Chatting with a customer service agent online is becoming more and more popular. It’s like a convenient DM for questions about your account. Many companies offer it as an option for those who prefer to ask questions without having to talk on the phone, which, let’s be honest, is almost all of us. WynnBET has an excellent chat option available, with operators available almost immediately to answer your questions. The chat option is available in the lower right corner of the WynnBET Colorado website and also on the app.
In addition to the helpful chat function, WynnBET has an extensive FAQ section on its website with answers to most commonly asked questions, including deposit and withdrawal options, explanations of how free bets and parlay boosters work, and information on how to navigate your account. In addition to that, there are options on the website for more information on house rules, the Cash Out option, current promotions, available resources for help with problem gambling, and account information. Between the website and the chat function, you should have no problem getting your questions answered. But if your question was unfortunately not answered, you can submit a written request using their online portal and someone will email you back shortly.
Phone support is also offered: 201-383-2837.