With legal sports betting launching in Colorado back in May 2020, Colorado citizens are in their third year of being able to bet on the Super Bowl in 2023.
Super Bowl LVII figures to be the single most bet-on event of the year, presenting an excellent opportunity for sports bettors in the Centennial State.
Here is a closer look at Super Bowl betting in Colorado.
Latest Super Bowl LVII Odds
History of the Denver Broncos in the Super Bowl
Since their founding in 1960, the Denver Broncos have appeared in eight Super Bowls games. The franchise has won it on three occasions (1997,1998, 2015).
After losing on their first four tries in 1977, 1986, 1987, and 1989, the Broncos won back-to-back in 1997 and 1998 under head coach Mike Shanahan. John Elway, Terrell Davis, and Rod Smith led the offense.
The Broncos appeared in another Super Bowl in 2013, where they lost to the Seattle Seahawks, then returned in 2015 to win against the Carolina Panthers in Peyton Manning's final season.
Super Bowl Betting Lines
Bettors can make several unique bets on the Super Bowl in Colorado.
The most common NFL bets are moneylines, spreads, and totals. Bettors will also have access to plenty of prop bets on the game, including players, teams, and same-game parlays involving combinations of all of the above.
The moneyline is the easiest to grasp. Odds are set based on a team’s perceived likelihood of winning the game. The bet wins if the team the bet is made upon wins.
Point spreads are similar – sportsbooks start by identifying the most likely margin of victory for the favored team. This margin becomes a point spread, notated as an abbreviation for the favored team followed by the predicted margin:
- Denver Broncos (-3): The Broncos are expected to win by at least three points
- Denver Broncos (+3): The Broncos are expected to lose by more than three points
Bettors are then able to pick a side of the spread to bet on, with the same odds for either outcome. If the favored team wins by more than the spread value, they ‘cover’ the spread; if they don’t, the underdog covers.
Point totals are only concerned with the total points scored during a game between the two sides. Like with spreads, sportsbooks set a point total they believe has the highest chance of occurring; (i.e over/under 49 points). Bettors can bet the over if they believe the teams will score more than the set total or the under if they believe the teams will score less.
Prop bets are simple but more specific bets than game lines, usually on whether individual players or teams hit specific milestones during the game.
Bettors can find odds and bet on whether a quarterback will throw for over a certain number of yards, whether an offense will gain over a certain number of total yards, which team will score first or last, which individual player(s) will score touchdowns and a number of similar props.
The Super Bowl lends itself to several props that aren’t available for any other NFL game. Many have little to do with the game itself. Some popular novelty props include:
- The length of the national anthem
- The color of the Gatorade bath for the winning coach.
How Do I Make a Super Bowl Bet in Colorado?
With online sports betting legal, betting on the Super Bowl in Colorado can be done from anywhere within the state. Bettors can simply log into their mobile app of choice. Many online sportsbooks offer incentives for first-time bettors, including bonus bets upfront or as a consolation prize for first bets that don’t hit (bet credit).
First-time bettors for the Super Bowl should be aware that they’ll need to share proof of identity and location – sportsbooks need to verify that bettors are in a legal betting area and aren’t prohibited from using their service.