Official Betting Rules in Colorado

Dedicated sports fans and casual players alike will find betting options for all types of sporting events at legal and regulated online sportsbooks. Betting options are available for nearly every major sport, from NBA games to NFL matchups. It is important to understand the rules for official betting before you place your wagers.

In general, you can make money by predicting the winner of a game or event, or by placing multiple outcomes in a single bet, called a parlay. However, it is illegal to bet on anything related to the US presidential election or other political events, and betting on a team’s chances of winning the championship or losing by a certain amount is also not permitted.

The definition of a “major league sports franchise” includes any professional baseball, basketball, football, hockey, or soccer team that competes in the highest-level league for its respective sport. In addition, an outdoor motor sports facility that hosts a National Association for Stock Car Auto Racing (NASCAR) national touring race is considered to be a major league sports franchise. “Official data” means statistics, results, outcomes, and other information relating to a professional sports event obtained by a permit holder pursuant to an agreement with a sports governing body or with an entity expressly authorized by the sports governing body for use in determining the outcome of tier 2 bets.

Colorado became the first state to both pass legislation and launch legal sports betting in 2021, and retail and mobile sportsbooks began operating in May of that year. In October of that same year, the state passed a law allowing sports betting to be offered at casinos and tribal venues. BetRivers, DraftKings, FanDuel and Caesars were among the operators to go live in Colorado.