Punters in Colorado now have the opportunity to enjoy online sports betting legally. This was made possible by the decision taken by the State Legislature as well as the Colorado Division of Gaming to relax the restrictions that had been placed on online sports betting activities. The decision saw numerous operators rush to apply for operating licenses in the bid to become the pioneers in Colorado’s online gaming industry. One such operator that was quick in applying for an operating license is SportsBetting.com. SportsBetting.com’s application was approved and now, it allows punters to register their accounts and place bets online. While this is indeed great news, what makes the bookmaker even more impressive is the fact that it offers all newly registered punters a lucrative welcome offer. Below, we check out in detail SportsBetting.com’s Welcome Offer.

Welcome Offer

The welcome offer that all newly registered punters benefit from is as follows – if the punter’s losses during the first week exceed winnings, the bookmaker will cover 100% of the difference up to $500. Winnings are calculated by adding up the bet returns of all winnings bets. The bet stakes are not included. Likewise, losses are calculated by adding up the bet stakes of all losing bets. In practice, what this means is that if during the week the punter wins $50 but lose $100, then the bookmaker will grant the punter $50 in free bet credits, making this a risk free bet. Another example is that if during the week the punter wins $400 but loses $500, the bookmaker will grant the punter $100 in free bet credits.

Who Qualifies for the Welcome Offer?

The Welcome Offer bonus is specifically designed for all new punters who register their accounts at SportsBetting.com.

Welcome Offer Rules

There are a few requirements that all eligible punters have to meet in order for them to claim the Welcome Offer. The requirements are as follows:

• Punters are only eligible to claim the Welcome Offer if they make a first deposit of at least $10
• Punters who claim the bonus ought to know that they have a 7 day window to utilize the bonus starting from the moment they make the first deposit. Failure to stick to the 7 day window period will see the punter forfeit the bonus.
• Only settled bets count for this bonus. Punters therefore from the get go (after making the first deposit) have to quickly utilize the bonus as any remaining open bets at the end of the week will not be considered for calculation.
• Punters ought to know that only single bets are valid for the bonus. Parlays and other bet types do not qualify.
• All winnings accrued via the Welcome Offer are credited into the punter’s account within 72 hours as free bet credits. What this therefore means is that the funds aren’t instantly available for withdrawal but will need to be wagered first before a withdrawal can be initiated.
• While SportsBetting.com does outline its rules that guide all punters looking to claim the bonus, punters also ought to know that participation in this promotion is also subject to the rules of the Colorado Limited Gaming Control Board.