Licensed in Colorado
From an upstart fourth network that made its name on the back of the sitcoms Married… With Children and The Simpsons to one of the most powerful names in all of sports – we know FOX as the place to go for the NFL, Major League Baseball, Champions League Soccer, and NASCAR. It’s now hoping that you will soon think of FOX Bet as the place to go to make wagers on the NFL, Major League Baseball, and the rest of the world’s sports.
FOX Bet comes to us courtesy another well-known name – PokerStars. FOX Bet is the creation of a partnership between FOX Sports and The Stars Group, the parent company of PokerStars. For a cool $236 million, FOX bought a 4.99% stake in The Stars Group, and the sports betting juggernaut was born.
FOX Bet has been one of the first sportsbooks to open in each of the newly legalized sports betting states, including when Colorado first started taking bets in May 2020. And this is a sportsbook built for the long haul.
The expertise of the two companies has been fully integrated – sports from FOX, and technology from The Stars Group – and this partnership could extend as long as 25 years and allow FOX to buy as much as 50% of the overall company.
The sports betting market in Colorado is filling quickly with long-standing names in the industry. But this new kid on the block is definitely worth checking out.
Sign Up and Deposit Bonus
When you sign up for a new FOX Bet account and place your first bet, win or lose that bet, FOX Bet will credit you another bet of that same amount, up to $500. This is far better than the risk-free bets that we’re used to receiving from sportsbooks.
In those scenarios, you are actually penalized for winning your bet. You only receive the bonus when you lose. With FOX Bet, that is not the case.
Essentially FOX Bet is giving you a 2-for-1 on your very first bet, and that is one of the most generous free bets you will find anywhere.
FOX Bet also gives you a matched deposit, giving you a bonus of 50% of your deposit, up to a $500 match on a $1,000 deposit. And the great thing about this offer – it’s good for both new and existing customers.
Bonus Offer Terms and Conditions
For that free bet of up to $500 to be added to your account, you must place your first wager within 30 days of registration. The bonus wager must then be used within 30 days of it being credited to your account. Otherwise, you will lose it.
Bonus funds must be played through one time and on games and events with minimum odds of -200.
The deposit match isn’t quite as easy to fulfill. For every $250 you bet after the deposit has been awarded, $10 of that bonus will become cash in your account – eventually maxing out at the total amount awarded.
To clarify, if you deposit $1,000, that qualifies you for the full $500 deposit bonus. And then, for every $1,000 that you wager, $40 of that $500 will become cash in your account.
That means that to get the entire deposit bonus amount, you will have to wager a total of $12,500.
$250 BONUS MATCH
ON FIRST DEPOSIT – T&C’S APPLY
FOX BET FEATURES
Along with the bonus offers that you’ll receive as a new customer, FOX Bet has several promotions that are available throughout the week. The only caveat is that you’ll need to start following FOX Bet on social media.
Winner Wednesday: Every Wednesday morning, FOX Bet followers on Facebook, Twitter, and Instagram have a chance to win $25. Five winners will be chosen from Twitter, with three each coming from Facebook and Instagram.
Free Bet Friday: Every Friday, FOX Bet will ask a question on Twitter. If you answer that question and retweet it, you become eligible to win one of six free bets of $100 each. If you win on Friday, the free bet will be in your account by the following Monday.
FOX Bet also offers daily rotating bet boosters that are displayed at the top of the webpage and mobile app homepage. FOX Bet also tailors its offerings to the region it’s in. So in Colorado, you will get special bets on the Broncos, Avalanche, Rockies, and Nuggets.
BANKING WITH FOX BET
When it comes to banking, FOX Bet is right in line with most of the sportsbooks in Colorado.
Making Account Deposits
There is a large number of deposit options that FOX Bet offers. Most of them you know from other online sportsbooks, but one of them is new.
- Online bill pay/bank transfer
- Stars Transfer
- Credit and debit card
- PayNearMe (available at area 7-Eleven stores)
- Cashier’s check
Stars Transfer is unique to The Stars Group and FOX Bet and is essentially another way to deposit through online bill pay. It just removes you from having to contact your bank directly. Instead, the payment processing partner will handle the transaction and make sure it is secure.
All deposits must be at least $10, regardless of the type of deposit.
Making Account Withdrawals
One of the chief advantages of using online bill pay, Stars Transfer, or another electronic form of payment, is the ability to reverse the process for withdrawals. Your choices for withdrawal are:
- Online bank transfer
- Stars Transfer
- Personal check
FOX Bet does let its customers know that they will not be able to make any withdrawals within 48 hours of making a deposit. This is a security measure that is there to help prevent fraud.
In the case of a stolen credit card, as an example, someone could make a deposit, then quickly make a withdrawal, and turn that card into fast cash. By instituting a 48-hour waiting period, the possibility of this happening is greatly reduced.
One other note on withdrawals: If you need a personal check sent to you, there will be a delay between five and seven business days before you can expect your funds.
Types of Bets at FOX Bet
FOX broadcasts plenty of different sports on its family of networks, and FOX Bet offers plenty of sports for bettors to lay a wager on as well.
Here is a long list of sports that are available to wager on at FOX Bet.
- Athletics (track and field)
- Australian Rules
- Baseball (MLB and international leagues)
- Basketball (NBA, WNBA, NCAA, and international leagues)
- Beach Soccer and Volleyball
- Boxing and MMA
- Field Hockey
- Table Tennis
- Winter Sports (skiing, skating, bobsled, etc.)
If someone is playing it, and someone else is keeping score, it’s available at FOX Bet.
Available Wager Types
FOX Bet dedicates a large section of its website and mobile app to wagering education. So if you don’t understand a certain type of bet, after browsing the articles provided by FOX Bet, you will.
The types of bets that are offered include:
Point Spread: This is the most popular type of sports bet. The point spread represents the margin of points in which the favorite must win by to “cover the spread.” Bets on the spread usually pay -110 for both the favorite and the underdog.
Moneyline: The moneyline represents the odds of a team winning the game outright without using a point spread. For example, if the moneyline reads -130, that is the favorite, and to win $100, you must bet $130.
Totals: This is a bet on the combined total of points, runs, or goals scored by both teams in a single game. Like a point spread, you place your bet on whether the amount will be over or under the posted line.
Proposition Bets: These are bets that focus on the outcome of small events within a larger event. Props are offered on team and individual results, like who scores first, which tennis player gets the most aces, and which team takes the most free throws.
Futures Bets: A futures bet is a wager on an event typically far in the future, such as the winner of the Super Bowl or next year’s World Series. It’s even for bets really far in the future, as you can already place bets on the 2023 Cricket World Cup.
Live Betting: Also called in-play wagering, these are bets placed on events already in progress. They feature changing spreads and odds, quarter and halftime lines, buyout options, and smaller bets inside the main event – like bets on specific pitches in baseball, plays in football, and points in tennis.
Anyone who is legally eligible to place sports wagers in Colorado can open an account and place bets with FOX Bet. If you are at least 21 years old and inside the state lines of Colorado, when placing that bet, you are legal per state law.
But do take note that if you are an employee of a sports team or league and in a position to influence the outcome of games, you are not legal to place wagers on those events.
FOX Bet is available on all desktop browsers, and there are mobile apps that can run on both Android and iOS. If you are looking for the Android app specifically, you’ll have to download that from the FOX Bet website.
Also, each state has its own FOX Bet app, since some offer access to a casino or poker room. Be sure you download the Colorado FOX Bet app. Otherwise, it won’t work.
On the FoxBet “Support & FAQs” page, you’ll find main tabs across the top labeled:
- How-To Guide
- House Rules
- Sports Betting FAQ
- Deposits & Withdrawals
There is also a list of frequently searched help articles, as well as an empty field for you to do your own search. From technical issues to declined payments, forgetting a password and responsible gaming links, the help article section covers almost every problem you might encounter.
If you need more personalized help, FOX Bet does offer 24/7 live chat.