Sports Betting - Colorado - Yahoo Sports

Yahoo Sports Staff
·12 min read

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Yahoo Sports Betting Info - Colorado

Colorado is among the most beautiful states in the United States and is known for being one of the most liberal within the country. The state’s earliest gambling days can be dated back to 1822, where the first casino in the U.S. is purported to have opened. Brown’s Saloon was founded near the Wyoming and Utah State lines during the early mining days, but was soon forced underground as the state adopted a more puritan stance.

The racing commission legalized betting on horse racing in the 1950’s and casinos themselves only became legal in the 1990s in a bid to stimulate the economy in what were once thriving mining towns.

Today, gamblers in Colorado enjoy a relatively relaxed policing atmosphere when it comes to casino, social, and charity gambling, the lottery and sports betting. Other areas of gambling, such as legal online casinos are more tightly regulated.

Is it legal to bet at a casino in Colorado?

Yes. Colorado is renowned for its world-class casinos and there are now nearly 40 legal casinos for bettors to choose from. Most of these casinos are found in Black Hawk, Central City, and Cripple Creek. As long as you are 21 years of age or older, you’ll be able to take your pick from some of the Rocky Mountain State’s finest casino establishments.

Is online gambling legal in Colorado?

No. Online gambling for real money is illegal in the state of Colorado. Some social casinos are allowed to give bettors the opportunity to play online casino games for fun, however, any form of online gambling for money, such as poker, roulette, slots and more is strictly prohibited.

What about legal sports betting?

There is much happier news for bettors on the online sports betting front in Colorado. Colorado became one of the few official legal sport betting states on May 1, 2020, after voters approved legal sports betting in November 2019.

Where is sports betting legal in Colorado?

As long as you are 21 years of age or older, you can bet at any registered and certified sportsbook casino within the state of Colorado. Offshore and non registered sports betting and online sportsbooks are illegal in Colorado. In fact, Colorado is just the sixth state in the U.S. to offer full mobile sports betting options, so bettors will now be able to take their pick of the world’s biggest sports, and wager on them on one of the many casinos or online sports betting sites available in the state.

Get the best online sports betting odds with BetMGM

BetMGM is a renowned sportsbook casino in the U.S. and they are finally able to offer their fantastic online sports betting options to bettors within the state of Colorado. With exciting odds on the best sporting events from around the world, you certainly won’t run out of options. Whether you’re looking to bet on your favorite sport like football, baseball, basketball and golf, or even looking for something a little different like cricket, rugby or darts — BetMGM has you covered.

Thrilling sports options, along with an array of different types of sports bets, such as futures, parlay bets, special bets, outrights, over/unders, and everything in between, make BetMGM one of the most thorough and varied sports betting sites to place your wager with.

All you have to do is register an account in the state of Colorado and then it’s time to get in on all the best sports betting action.

Online sports betting is now legal in Colorado. (AP Photo/Paul Sancya)
Online sports betting is now legal in Colorado. (AP Photo/Paul Sancya)

What kinds of bets and betting Guides will you find on Yahoo Sportsbook?

You can find an array of betting guides on Yahoo Sportsbook, as well as up to date odds offered by our partner, BetMGM! See all of our helpful odds guides below for the best tips and tricks and available lines as they become available.

What do NFL odds look like?

NFL odds guide: There are three common NFL betting lines: the side, total and moneyline.

Side: The side refers to the point spread. While the odds can fluctuate, most sides are -110, meaning you have to bet $110 to win $100.

Cowboys -7 -100

Giants +7 -110

In that example, the Cowboys are a 7-point favorite and must win by more than 7 to win the bet. If the game ends with a 7-point Cowboys win, the bet is a push and you get your money back.

Total: The total also generally has -110 odds on each side. The sportsbook sets a line, such as 48.5, and bettors decide whether the game will go over or under that total.

Moneyline: The moneyline removes the point spread. Bettors take a team to win straight up.

Packers -200

Bears +180

In this example, a bettor must lay $200 to win $100 on the Packers. A $100 bet on the Bears would win $180, but Chicago has to win straight up.

Are there extra bets for big games like the Super Bowl?

Sportsbooks will offer proposition bets, or “props,” on big games. Props are famously associated with Super Bowl betting.

For the Super Bowl there are prop bets on many different things, like which player will score the first touchdown and even the color of the Gatorade dumped on the winning coach. A common prop bet is on yards for specific players, such as “Tom Brady over/under 305.5 passing yards.”

What do MLB odds look like?

MLB odds: The betting lines for baseball games are typically different than football or basketball. You’ll see point spreads for those sports, but the most common bet in baseball is the moneyline. You just need your team to win, but will find higher odds on better teams.

Dodgers -220

Padres +200

In this example, you’d have to bet $220 on the favored Dodgers to win $100. However, a $100 bet on the underdog Padres would win $200.

What are some other odds offered for baseball?

Like most other sports, you’ll find totals offered for baseball. You can bet the over or under on total runs scored by both teams.

Another common bet is on the run line. That does incorporate a point spread, which is typically 1.5 runs with the odds changing.

Dodgers -1.5 -130

Padres +1.5 +110

Using the example from the first section, the Dodgers’ odds come way down but now they have to win by 2 or more runs.

Can you bet World Series odds for MLB?

Sportsbooks will offer proposition bets, or “props,” on big games. Props are famously associated with Super Bowl betting.

Like all other sports, futures bets are quite popular in baseball. You can bet your favorite team to win the championship throughout the season, with odds changing as their fortunes rise or fall.

Another popular bet is win totals. Oddsmakers set a win total for each team, and you can bet on whether that team will go over or under that win total.

You can also bet on props like who will win MVP, or over/under on how many home runs or hits certain players will have in a season.

What do NBA odds looks like?

NBA odds: The football and basketball betting line look very similar. The most common odds you’ll see in the NBA are with the point spread.

Bucks -4

Lakers +4

In that example, the Bucks are the 4-point favorites, and have to win by 5 or more points to win the bet. If the Bucks win by exactly 4 points, it’s a “push” and the bet is refunded. These bets usually have -110 odds on each side, meaning bettors win $100 on a $110 wager.

What other NBA odds are offered?

The over/under, or “total,” and the moneyline are the two other common bets made on NBA games.

The total (combined points by both teams) is set by the sportsbook, and bettors can choose to bet over or under the total. Those bets normally have -110 odds.

Knicks +180

Celtics -200

The moneyline eliminates the point spread. Bettors just take a team to win straight up, and the odds change based on who is favored.

In this example, a $100 bet on the underdog Knicks would win $180 if New York won straight up. Bettors would have to lay $200 on the favored Celtics to win $100.

Do sportsbooks offer NBA Finals odds before and during the season?

A popular NBA bet is wagering on who will win the championship, and those odds are offered almost year-round. A 76ers fan who wants to bet Philadelphia to win the NBA Finals might get 10-to-1 odds before the season.

What do NHL odds look like?

NHL odds: NHL betting lines are similar to baseball. The most common wager is on the moneyline, in which bettors are picking a team to win straight up.

Canadiens -140

Rangers +120

In that example, a bettor must wager $140 on the favored Canadiens to win $100. A $100 bet on the underdog Rangers would return $120.

Are there other odds on NHL games?

Like most sports, the over/under for combined goals by both teams is a popular bet. The sportsbook sets the total, for example 6.5 goals, and bettors can take over or under that number.

There is also a “puck line” bet, which works like the point spread in football or basketball. It is normally a 1.5-goal spread with the odds changing.

Canadiens -1.5 +130

Rangers +1.5 -150

In that example, the Canadiens must win by two or more goals to win a bet, but a $100 bet would return $130. If the Rangers win or lose by exactly one goal, Rangers bettors would win $100 on a $150 bet.

Are Stanley Cup odds offered for the NHL?

Bettors can make a wager on any team to win the Stanley Cup, and those odds are generally offered year-round.

What do college football odds look like?*

*New Jersey colleges and universities are not permitted to be the subject of wagering at any time. Similarly, no collegiate event, regardless of the participants, can accept bets if it takes place in the Garden State.

College football odds: During the college football season, there will be dozens of games on the board most Saturdays. Three types of odds are the most common:

Point spread: The point spread, also called the “side,” evens the playing field in a lopsided matchup.

Alabama -35.5

New Mexico State +35.5

With this example, bettors backing the underdog New Mexico State need the Aggies to win or keep the losing margin to 35 points or less. Alabama would need to win by 36 or more points for Crimson Tide bettors to cash that wager.

Over/under: These bets, also called the “total,” are simple. The sportsbook sets a line on combined points by both teams, and bettors can take over or under that point total.

Moneyline: This bet removes the point spread, with corresponding odds for the favorite and underdog.

Ohio State -400

Penn State +350

In this example, Ohio State backers would need to lay $400 on the favorite Buckeyes to win $100. A $100 bet on Penn State would return $350, but the Nittany Lions would have to win straight up.

Which future bets are available for college football?

The most popular future bet is on the College Football Playoff national champion. Bettors can also wager on who will win the Heisman Trophy, and usually sportsbooks offer future bets for over/under win totals on teams from the major conferences.

What do odds look like for college basketball?*

*New Jersey colleges and universities are not permitted to be the subject of wagering at any time. Similarly, no collegiate event, regardless of the participants, can accept bets if it takes place in the Garden State.

College basketball odds: There are hundreds of games to bet on in any particular week during the college basketball season, and the most popular bet is on the point spread.

North Carolina +2.5

Duke -2.5

For this game, Duke would have to win by 3 points or more to cover the spread. If North Carolina won or lost by 2 points or less, Tar Heels bettors would cash their ticket.

What other odds are offered on college basketball?

Other than the point spread, the over/under (or “total”) is the most common bet. Sportsbooks set a line for combined points by both teams and bettors can wager whether the final score will be over or under that total.

There are also moneyline bets, which removes the point spread but changes the odds on each team.

UCLA +250

Arizona -280

A $100 bet on UCLA would return $250 if the Bruins won straight up. Arizona bettors would have to lay $280 to win $100, but the Wildcats would only have to win the game and not cover a point spread.

Can I bet on March Madness?

The first two rounds of the NCAA men’s basketball tournament has become a popular weekend in Las Vegas. Fans come from around the country to bet on March Madness.

During the tournament, sportsbooks will offer odds on who will win each region and make the Final Four. Fans can bet on who will win the championship, and those odds are generally offered year-round.

Gambling Problem Help information:

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