SportsBetting.com, which debuted in Colorado in September 2020, is now MaximBet. The name change is part of a national rebrand that came about thanks to a partnership between Maxim and Carousel Group.
Sign up at MaximBet for 100% deposit bonuses worth up to a maximum of $1,000. This page will cover information for signing up, making deposits, placing bets and requesting withdrawals, along with other promotions and more info on MaximBet’s welcome bonus.
MaximBet has a unique offer when you sign up for a new account and make deposits. They will match 100% of up to four different deposits, to a potential maximum of $1,000.
|Online Sportsbook||MaximBet Sportsbook Colorado|
|MaximBet Promo Code||Click to Claim Promo|
|Deposit Bonuses||100% match up to $1,000 over first four deposits|
|Online Since||2020, originally known as SportsBetting.com|
|Last Updated||September 2021|
The MaximBet deposit offer is broken down over your first four deposits as follows:
The matching funds from MaximBet will arrive in your account as free bet credits.
You’ll need to meet a 1x playthrough requirement of the deposit plus the bonus amount to be able to withdraw any winnings resulting from the free bet credits. For a comparison, some Colorado sportsbooks may require a playthrough rate of up to 25x to unlock bonus funds.
You have one week from the time you receive your free bets to reach the playthrough requirement. If you don’t get all the bets released or don’t use the free bets within those seven days, they will expire. Lastly, if you place wagers on both sides of a bet, those wagers will not qualify for the playthrough requirement.
MaximBet’s offer is quite unique. The total of $1,000 is competitive with what other sportsbook offers. The fact that it’s spread out over four weeks is what sets it apart. Whether this is an advantage or disadvantage depends on your personal preferences, but for most users not needing to clear all the deposit bonus in one chunk should a positive.
Yes, MaximBet is licensed by the Colorado Division of Gaming, which oversees sports wagering in the state. If you experience any problems with MaximBet or any other sportsbooks in the Centennial State, you can contact the Division of Gaming by phone (303-205-1300) or email ([email protected]).
To legally bet on sports in Colorado, you must be 21 or older and you also must be within the state when placing bets. Additionally, while you can bet on local college teams like Colorado, Colorado State and Air Force, the state does not allow college prop bets.
To open a new MaximBet Colorado account, head to the sportsbook’s website and select “Join Now,” at which point you will need to enter the following personal details:
You’ll also create a password and click a box confirming you are at least 21 years old. From beginning to end, signing up with MaximBet will take no more than a couple of minutes.
The MaximBet sportsbook app is available for iOS and Android devices. To download it, head to the MaximBet website’s app page and select either “Download for Apple” or “Download APK” if you’re on an Android device. Then follow any additional instructions to complete the installation.
You can see all the live promotions at MaximBet by clicking on the promotions tab. On the app it’s located under the main menu, which you can access by tapping the three bars at the top left of the screen. On the MaximBet sports betting website, it’s also located near the top left of the screen, this time below the help button.
MaximBet’s promotions include free contests that can provide free bets. Note, however, that these can be somewhat misleading. For instance, during the 2021 NHL playoffs, MaximBet had a standing offer that read “1. Place a bet of $20 or more on the match winner market. 2. We’ll bonus you $10 for every goal your team nets. 3. Only on pre-selected hockey games.”
However, if you scroll down to the terms and conditions, you’ll see that you receive the bonus money only if the team you bet on loses the game. Additionally, the bonus funds are capped at $50. While it’s a solid bonus offer overall, we just wish MaximBet would make it clear that either win your bet or are eligible for the bonus funds, but not both.
On the plus side, you do not need to opt in to MaximBet’s bonus offers to qualify for them. Instead, you simply need to follow the rules outlined in each promo.
MaximBet also has daily odds boosts, which you can find by selecting the odds boost button near the top of the page. Depending on the time of year, you will find boosts for that day’s games and also for futures bets.
For example, prior to the 2021-22 NFL season, you could find the odds boosted for different teams to win Super Bowl LVI. And these were some pretty heavy increases: The Cleveland Browns odds jumped from +1,200 all the way to +2,000, and the New England Patriots saw their odds go from +2,200 to +3,500. MaximBet usually caps its odds boosts at either $25 or $50.
Here are some of the things MaximBet has going for it:
There also are some areas where MaximBet could stand to improve, starting with these:
At MaximBet you can place spread, moneyline, total and prop bets for most major pro and college games, along with parlays and round robins to combine multiple wagers. You also will find futures betting options and live betting. Here is what the odds will look like for most games, followed by an overview of how the various bets work.
|Denver Broncos||+3.5 (-114)||+170||Over 49.5 (-111)|
|Kansas City Chiefs||-3.5 (-105)||-192||Under 49.5 (-109)|
The moneyline shows the odds for each team to win. In this example the Chiefs are the favorites. You can tell this because they have a negative moneyline number. Odds of -192 mean you would need to bet $192 to win $100 if successful. As for Denver, odds of +170 mean that if you bet $100, you’d make a $170 profit if the Broncos pull off the upset.
Point spreads are a sportsbook’s way of evening the playing field. For your spread bets to win, your selected team must cover the line that the sportsbook has set. With a line of +3.5, the Broncos can cover by winning by any score or losing by three or fewer. For the Chiefs to cover, they need to win by four points or greater.
The number next to the spread is the odds for that particular bet, and they work just like the moneyline numbers. Though for spread bets, the odds will be in the vicinity of -110 for both sides.
Totals wagers can be a good choice if you don’t have a good feeling about who is going to win. That’s because the total, also called the over/under, is a wager on how many points both teams will combine to score in the game, regardless of which team wins. This game has a total of 49.5, so if the final was 24-23, you would win if you’d bet on the under.
Props are bets on if specific events will happen during games. For the game above, here are some possible prop bets: Will the Broncos score in every quarter? Will Courtland Sutton score the game’s first touchdown? Will the second half be the highest scoring half?
Parlays allow you to combine two or more bets into one to get increased odds. With each added bet, your potential winnings will climb, but so will the risk. If you get any of the individual selections wrong, you win nothing.
Round robins on the other hand require making no fewer than three individual bets, but missing one doesn’t destroy your entire wager. For instance, you could pick five games and then choose what’s listed at MaximBet as “RR — 3’s x 10.” This means you’ll be placing 10 three-leg parlays based on your picks. If two of your selections are wrong, you’ll still win some money. If all five are correct, you’ll end up winning all 10 of your parlays.
A futures bet is a wager on an event that won’t be settled for weeks or months. If you bet on the Broncos to win the Super Bowl prior to the season starting, that would be a futures bet. Another example would be betting on a specific player to win the MVP award.
With live betting, you get the chance to bet on games as they are happening. At MaximBet just click the “Live” tab and all the current games that you can wager on will display. If you click on one, you’ll see the available live wagers. The odds for live bets will change rapidly based on what’s happening in the game.
Yes, you can bet on the Denver Nuggets and the rest of the NBA at MaximBet. All of the bets we went over above will be available, as well as the following options:
As of right now, you have three options for depositing money into your MaximBet Sportsbook account and two choices for cashing out. There are no in-person options at the moment.
|Deposit Method||Minimum Amount||Processing Time|
|Visa or Mastercard Debit/Credit Card||$10||Instant|
(Online Bank Transfer)
|Deposit Method||Minimum Amount||Processing Time|
(Online Bank Transfer)
You have a few options for getting help at MaximBet. We suggest clicking on the “24×7 Chat” button to start with. Next you can decide whether you want to request a callback, have a live chat or leave a message. You also can click on your account and then “FAQs” to attempt to solve the problem on your own.
To exclude yourself or set limits at MaximBet, you must first be logged in to your account. Next, select “My Account” and choose “Limits & Responsible Gaming.”
At the top, you can set restrictions for how much money you can deposit in a day, week or month. Next you can restrict how much you can wager in a day/week/month. You can also limit how much time you can be logged into MaximBet each day.
You can also suspend your account for up to six weeks by taking a play break. Finally, at the bottom is self-exclusion, where you can close your account for six months or one to five years. Once you do this, you will not be able to cancel the exclusion timeframe.
No, MaximBet does not have a retail sportsbook in Colorado as of yet. MaximBet’s land-based casino partner is Johnny Nolon’s Casino in Cripple Creek, but it does not have a sportsbook on the premises.
Taking everything into account, MaximBet ranks solidly in the middle of online sportsbooks in the Centennial State. While it may be a bit shy of DraftKings, BetMGM, PointsBet or FanDuel, it still is one of the better options out there.
If you’re planning to have multiple sportsbook accounts to benefit from the promotions that each one has to offer, then MaximBet is a quality selection. In addition, this lets you compare odds for any bets you want to place.
Yes, Colorado allows you to wager on in-state college teams.
No, MaximBet doesn’t charge fees for either of its withdrawal methods (Skrill and Mazooma).
No, you do not need to reside in Colorado to bet on sports in the state. However, you must be within state lines when placing wagers.
While both are quality online sportsbooks, PointsBet has a lot more wagering options than you will find at MaximBet. At PointsBet you can try PointsBetting and single-game parlays. However, PointsBet’s odds are not always the best when it comes to prop betting, so MaximBet does have a slight edge in that regard.
No. If you’re 21 or older, you can register and do all your betting and account management using either the MaximBet app or website.
MaximBet is owned by Maxim and the Carousel Group. Maxim is a multimedia corporation that is best known for its monthly men’s magazine. The Carousel Group, meanwhile, is a gambling company that launched in 2017. In April 2021, the companies announced that Carousel’s SportsBetting.com would rebrand as MaximBet.