The long wait is over as sports betting is now live in the state of Colorado. Starting May 1st, 2020, betters from across the country can now place their bets online and through legal sportsbooks apps. All you have to do is show that you are within a state that has legalized sports betting in the country. This can easily be done by turning on your location on your smartphone.
Wondering how to start betting on a sportsbook app? Here are a few FAQs that can answer your inquiries.
What is Sportsbook App?
If you are new to this, the first thing you’re wondering is where you’ll be placing a bet. In Colorado, several sportsbook apps allow you to bet on various sports through your phone. However, there are only four sports that you can bet on which include baseball, basketball, ice hockey, football, and soccer. Nonetheless, there will be more games available once the global pandemic has passed.
So far, four sportsbooks apps went live on May 1. These apps include BetMGM, DraftKings Sportsbook, FanDuel Sportsbook, and BetRivers. As the industry matures and the revenues increase, more sportsbooks apps will be able to enter the market. Currently, sportsbooks apps like Carousel Group, Fox Bet, BetAmerica, and Internet Sports International are eyeing their app launch within the year.
How Does a Mobile Betting App Work?
Whether its BetMGM or FanDuel Sportsbook, sportsbook apps are the same in terms of how they work. These sportsbook apps are authorized in Colorado and they are operated by commercial or tribal casinos in the state. They only need to obtain a master license.
To start betting on your sportsbook app, you first have to download the app through the App Store or the Play Store. Just like any app, you also have to sign in. What’s important when signing is that Location Services is turned on in your phone. The app uses a geolocation tracker that verifies your location. This is important because you have to be in a state that has legalized sports betting for you to be able to place a bet.
Should You Be a Resident of Colorado?
No, you don’t have to be a resident of the state to bet in Colorado online. You can be a visitor and you can still place bets provided that you are inside a state that allows sports betting. Of course, this also implies that you are of legal age.
What Bets Are Available?
There are several bets that you can do on the sportsbook apps. You can bet futures, treasures, round robins, propositions, parlays, and other popular bets. Depending on the sportsbook app you are betting on, the latter can give you odds on the winning chances of each team to improve your betting game.
Ever since sports betting became legal back in November 2019, more and more people have turned to sports betting. When the industry matures, it is seen to earn around $6 billion annually on betting alone.