Sporttrade Colorado Promo Code BETCO: Get $300 in Cash Back

The Sporttrade Colorado betting exchange allows you to wager on sports, but with a bit of a Wall Street twist? Colorado sports betting fans now can via and the Sporttrade CO promo makes it all that much easier.

Popular in Colorado

10% Cash Back On Every Bet Your First Week Up To $300

Promo Code: BETCO

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Patrons must be 21 years of age or older in order to claim the following Offer and must be physically present in the state of Colorado to place a wager.

Sporttrade Colorado Promo Code Details

Philadelphia-based Sporttrade is known for offering a sports betting exchange, a unique form of sports betting that is only available in New Jersey. 

How to Sign Up For Sporttrade CO Account

All new customers at Sporttrade must create an account prior to claiming the Sporttrade CO promo. Fortunately, the process of doing so is simple and straightforward.

1. ✅ Visit the Sporttrade website or download the app and click Sign Up and then enter the following
2. ✅ Full Name
3. ✅ Date of birth
4. ✅ Email address
5. ✅ Home address
6. ✅ Last four digits of your social security number
7. ✅ User ID/Password

After that information has been entered, click the Register Your Account button. After that, Sporttrade will verify your account. 

What is the Sporttrade CO Promo Code?

The Sporttrade promo code in Colorado is BETCO which you must use for the up to $300 in cash back offer. This is one of the more unique offers among sports betting operators in Colorado given you can earn cash back on your bets, but only for the first seven days of betting. 

The cash credit is a nice spin among CO sportsbook promos in that you can pocket the cash rather than being granted bonus bets like at other sportsbooks.

Popular in Colorado

10% Cash Back On Every Bet Your First Week Up To $300

Promo Code: BETCO

Visit Site

Patrons must be 21 years of age or older in order to claim the following Offer and must be physically present in the state of Colorado to place a wager.

What is the Sporttrade CO Bonus?

Expect some unique Sporttrade Colorado promos, including a special Cash Back offer worth up to $300. Sporttrade will credit your account with 3% of any bet placed in the first seven days, up to a max of $300. This offer differs from most sportsbooks in that you get a cash credit instead of bonus bets.

If you're looking to earn more from a sportsbook promo, make sure to check out the BetMGM CO bonus code with one of the highest valued promotions in the state. 

How to Redeem the Sporttrade Colorado Promo

To claim the Cash Back bonus at Sporttrade, simply sign up, enter promo code BETCO and start wagering, or in the jargon of Sporttrade Colorado “purchasing”. Place a bet and Sporttrade credits the account with 3% of the wagers’ value. Colorado Sporttrade has a Wall Street theme and converts the bet to “shares”. Eventually selling the “shares” (otherwise known as taking the reverse side of the bet, or hedging) does not generate the 3% cash back credit.

Who Can Claim the Sporttrade CO Promo?

Anyone who is located within state lines who is also over the age of 21 can claim the Sporttrade CO promo. This is typical of all promotions offered by Colorado sports betting apps. 

Sporttrade Promo CO Terms & Conditions

All sportsbook promos in Colorado have fine print, so stay vigilant. Make sure to note that this particular Sporttrade Colorado promo expires after seven days and requires large betting volume to max out.

1. ✅ Sign up and fund account
2. ✅ Enter bonus code BETCO
3. ✅ Wager or “purchase shares”
4. ✅ Collect 3% cash back on wagers or “purchases”
5. ✅ Selling “shares” does not result in 3% cash back
6. ✅ Offer lasts for 7 days after opening and funding the account

Additional Sporttrade Promotions

On top of the Sporttade welcome bonus you can take advantage of an early cash out on any college basketball futures bet. Eligible for new and existing users, Sporttrade will double your profit up to $50 placing a bet on a game in any mens college basketball futures market.

Is Sporttrade Legal in Colorado?

Sporttrade Colorado is legal in Colorado and officially opened up their virtual windows in late August 2023. Anyone over the age of 21 within the state borders can sign up and play, official residency is not required. You can only actually place wagers while physically in Colorado.

Where Else is Sporttrade Legal?

Colorado joins New Jersey as the only two states where Sporttrade is legal thus far. They will look to expand into Indiana and Louisiana in the near future, with other states eventually on the way.

Who is Partnered with Sporttrade in Colorado?

GF Gaming's Easy Street Casino is partnered with Sporttrade in Colorado. Aside from Easy Street, GF also owns the Famous Bonanza casino. Sports betting law in Colorado dictates that any party seeking to operate a sportsbook must be licensed through a local land-based casino. 

What is a Sports Betting Exchange?

A betting exchange is just as the name implies. It is a venue where bettors can effectively exchange wagers. Sporttrade themselves acts as both the forum where bettors meet and “trade” as well as a party that takes the other side of wager in the absence of players on both sides of “markets”.

Colorado sports betting law allows for exchanges such as those offered by Sporttrade, though the state gambling regulator postponed regulations allowing exchanges in June 2023. 

Popular in Colorado

10% Cash Back On Every Bet Your First Week Up To $300

Promo Code: BETCO

Visit Site

Patrons must be 21 years of age or older in order to claim the following Offer and must be physically present in the state of Colorado to place a wager.

Learn About the Sporttrade Mobile App

Sporttrade is only available via app at this time. Perhaps that will remain the case for the duration as there are no known plans to expand to desktop. To get started, as with other Colorado betting apps, simply head on over to the App Store or Google Play store and download.

How to Download the Sporttrade App

Downloading the Sporttrade App is simple, and the app is available on the Apple App Store and Google Play Store. Simply head to the app store for your device, search Sporttrade and then install the app. 

What Makes the Sporttrade App Stand Out?

Sporttrade Colorado stands out from other sports betting apps as the developers strive to replicate the feel of stock trading. They even call it a “Betting Exchange” Users can view markets in both standard American odds form and as “shares”. Unlike other books, you can place “limit” orders. 

For example, suppose you want to wager on the Denver Nuggets money line vs the L.A. Lakers and the current market shows the Nuggets at -185. You can enter an “order” to wager $100 on the Nuggets, but with a top of -175. If the odds market moves and the Nuggets price at -175, you will get a “fill”. In sports betting terms, that means you now have a wager on at -175. Further, the other side of your “purchase” may be from another customer, and thanks to this structure, Sporttrade Colorado often has low holds and better markets than other sportsbooks.

Sporttrade Colorado App Ratings

Sporttrade Colorado gets a 4.7 rating on the App Store. That compares favorably bigger and more established books like ESPN BET Colorado and BetMGM which rank almost identically.

Sporttrade Colorado Technical Info 

The Sporttrade Colorado mobile app requires 108.3 MB of space to download. Users need to run iOS 14.0 or later to operate the current version. Two factor authentication is available and recommended and may be required after two weeks of inactivity.

Positives of the Sporttrade App

Negatives of the Sporttrade App

What iOS Users Are Saying

• 🗣️ “Overall, my experience with Sporttrade has been very positive thus far. It’s truly a unique sportsbook where one can trade wagers as one would a stock, being able to both buy and sell in part or whole. As for the app, I found it to be smooth, well laid out, and user friendly. Some of the nice features include a search bar that can be filtered for a quick find; knowing in advance exactly how much is available to wager for each event/market; being able to set limit prices on wagers providing players with more control over their bets, to list a few”
• 🗣️ “What an incredible platform!!! I've used many sports betting apps and they're all similar. It's you against them. They all want you to lose. However, with Sporttrade, that is not the case. They use a "betting exchange" format where buyers (and yes sellers too) can trade sports bets. You no longer have to wait until the end of a game to make money.”
• 🗣️ “For a new concept and new app - they’ve done a fantastic job. The ability to get in and out quick and fast based off real time environments is a lot of fun and adds a different strategy to the basic place and hold bet…If there’s any critique, it would probably be more of the service than the app where I think there should be more live lines odds as opposed to the set lines at the start.”

Popular in Colorado

10% Cash Back On Every Bet Your First Week Up To $300

Promo Code: BETCO

Visit Site

Patrons must be 21 years of age or older in order to claim the following Offer and must be physically present in the state of Colorado to place a wager.

Get to Know Sporttrade Colorado Sports Betting Exchange

Opening up the Sporttrade Colorado app takes you to one of the most unique wagering experiences in the space. They have created a true sports betting exchange where users can actively buy and sell positions on games and team futures. 

Sometimes players simply “trade” bets with other players. While the exchange and investing angle is the real difference maker here, there remains the option to view transactions as you do on typical sports betting sites.

Is Sporttrade Safe to Bet On?

As with all regulated players in the wagering industry, Sporttrade Colorado takes safety issues very seriously. Data and funds are never 100% secure, so users should take as many precautions as possible, such as using two-factor authentication and sharing information with as few people as possible. . 

How Does Sporttrade Work?

Sporttrade Colorado operates as a sports betting exchange and differs from pretty much every other player in the space. Users essentially make “markets” in different sporting events and when they match with each other, they “trade”. Instead of the standard “vig”, Sporttrade essentially takes a “rake” of the transaction. Of course not all events have customers making markets at all times. Some will barely have any. In the absence of players, Sporttrade posts prices on both sides of all covered events and acts as the buyer and seller at those prices. 

The very unique feature here is that users can place both “limit” and “market” orders that more replicate the experience at a stock trading site like Robinhood than a sports betting site. For example, a bettor interested in the Denver Broncos moneyline vs the Los Angeles Chargers can just “purchase” the Broncos at the market price of +127. They also have the option of entering a “limit” order, say Broncos at +150. If/when the price of the market gets to Broncos +150, the order gets “filled”. If this all sounds like buying and selling Apple stock, well, that is literally the goal here.

Legislation Timeline at Sporttrade Colorado

• 📆 2023: The total handle in Colorado has grown to over, $13 billion, the sixth highest in the nation. Sporttrade Colorado, in partnership with GF Gaming and their Easy Street Casino subsidiary, opened for trading on August 29th, 2023.
• 📆 2022: Sporttrade goes live in New Jersey in September 2022 as the “first and only dynamic sports trading marketplace in the United States.”
• 📆 2021: By the end of the year, 26 online books are operating and the total handle in the state since legalization hits $5 billion
• 📆 2020: Both online and retail sports wagering opens in May 2020. Online books must partner with a casino located in Colorado. There is a max of 30 online sportsbooks
• 📆 2019: Proposition DD passes and the state of Colorado legalizes sports betting both online and at retail locations.

Pros & Cons of Sporttrade Colorado

Sporttrade CO App Features

Live Betting

A sports betting exchange such as Sporttrade Colorado truly excels at live betting. The whole system is geared around it as the idea is for a peer-to-peer exchange and most transactions will take place as “market” conditions change, i.e. there are developments in the game in question. While sportsbooks such as Fanatics Colorado Sportsbook offer live betting opportunities, the markets are tighter and more active at a sports betting exchange.

Lower Vig 

The typical sportsbook like BetRivers Colorado prices odds at -110 on each side of an even odds wager. Thus a bettor needs to risk $110 to win $100. A sports betting exchange player often sees effectively tighter odds and other players constantly bid and offer at their own odds

No limits

Since peer to peer gets prioritized, there are few limits on wager size as Sporttrade Colorado does not have to bear the risk of a “sharp” exposing them on one side. Of course like on Wall Street, players need another side on their transactions, so a want-to-be big player may see liquidity dry up at any time.

Popular Bet Types Available at Sporttrade Colorado

As a sports betting exchange, Sporttrade Colorado offers fewer types of bets than a typical sportsbook, but more than makes up for it with tighter market in the bet types they do cover as well as more dynamic and tighter pricing. They do have all of the following.

• Point Spreads: You can find both standard point spreads and alternative spreads. For example, Sportrade has Broncos +2.5 at Chargers priced at +104, while also listing Bronces +6.5 at -212, and Broncos -3.5 at +213, among many other active markets
• Totals: Same as with point spreads, there are various totals markets to buy and sell. In the Philadelphia Flyers at Colorado Avalanche game, buyers of the Over 5.5 pay -138 pre-game, while anyone buying over 6.5 pays +117
• Moneylines: Again, lots of options to chose from. The Avalanche are at -181 while the Flyers start at +160. That is tighter than typical sportsbooks 
• Futures: Sporttrade Colorado offers basic team futures, though far fewer options than at regular sportsbooks, They make up for it with better prices. Denver Nuggets +515 to win the NBA title is as good as you will see anywhere. Further, as an exchange, it is much easier to buy and sell team futures here, vs other sites where it may be effectively impossible.

What Can I Bet on at Sporttrade in Colorado?

Sporttrade Colorado posts markets in major sports leagues, including NFL, NBA, NHL, MLB, Premiere league soccer and more. They also have wagering on individual sports such as UFC. Look elsewhere for the table tennis and darts markets of the world as the peer-to-peer exchange model is not conducive to less liquid betting situations.