Colorado No Sweat Bets: Bet Bonuses in Colorado

What Is A Colorado No Sweat Bet?

No sweat bets 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 this deal below.

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.

First Bet Safety Net Up To $1,000

Promo Code: BETCO

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Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, IL, IA, KY, KS, LA, MD, NC, NJ, OH, PA, TN, VA). Call 1-800-NEXT-STEP (AZ). Call 1-800-9-WITH-IT (IN). Deposit required. Paid in Bonus Bets. Bets wager excluded from returns. New Customer only. T&Cs, time limits and exclusions apply. Code is for marketing/tracking purposes.

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 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. 

Bet Match Up to $250

Promo Code: BETCO250BM

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Must be 21+ and physically present in AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MO, NJ, NY, NC, OH, PA, TN, VA, WV, WY or Washington, DC. New users only. Must register using eligible promo code. First wager after registration must qualify. Min. Odds: -500. Max. Bonus Bet: $250. Awarded as non-withdrawable Bonus Bet that expires 14 days after receipt. Bonus Bet amount not returned for winning bets. Void where prohibited. See http://Caesars.com/promos for full terms. Know When To Stop Before You Start®. Gambling Problem? CO, IL, KY, MD, MI, MO, NJ, OH, TN, VA, WV, WY, KS (Affiliated with Kansas Crossing Casino), ME (Licensed through the Mi’kmaq Nation, Penobscot Nation, and Houlton Band of Maliseet Indians, federally recognized tribes located in the State of Maine), NC (Licensed through Tribal Casino Gaming Enterprise), PA (Affiliated with Harrah's Philadelphia): If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit http://mdgamblinghelp.org or WV: visit http://1800gambler.net ; AZ: Call 1-800-NEXT-STEP; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA (Licensed through Horseshoe Bossier City and Caesars New Orleans), Washington, DC (OLG Class A licensed Operator): Call 1-800-522-4700. ©2025, Caesars Entertainment Gambling Problem? Call 1-800-GAMBLER DC, LA: Call 1-800-522-4700 MA: Call 1-800-327-5050 or visit http://gamblinghelplinema.org NY: Call 877-8-HOPENY or text HOPENY (467369)

BetMGM: Up To $1500

The BetMGM Colorado first bet offer is the most lucrative on this list. BetMGM is offering up to $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.

$1,500 Paid Back in Bonus Bets If You Don't Win

Bonus Code: BETCOCOM

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Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA), 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

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 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.

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

Author

Adam Wernham

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.