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Betsafe Review In The US in 2024

Is It a Safe Bet For Online Betting?

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Bonus Bet Up To $500
Must be 21+ and present in CO. T&Cs Apply. Gambling Problem? Call: 1-800-522-4700 or Visit
21+. T&Cs Apply.
  • Pros
  • Very good welcome bonus
  • Intuitive betting app
  • Robust live betting software
  • Cons
  • Available only in Colorado
  • No VIP program
Written by Simon
Published on February 28, 2023
Updated on April 1, 2024

Our Summary

Betsafe has garnered significant attention since it burst onto the Colorado sportsbook scene. Over the past few years, it’s gained a reputation for in-app betting and customer support. In this Betsafe review, we put it through several tests to find out if it’s a smart choice for online wagering in Colorado

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Betsafe US Review: Is It a Safe Bet For Online Betting?

Betsafe has garnered significant attention since it burst onto the Colorado sportsbook scene. Over the past few years, it’s gained a reputation for in-app betting and customer support. In this Betsafe review, we put it through several tests to find out if it’s a smart choice for online wagering in Colorado. 

What I Analyzed on Betsafe Sportsbook App

We take a close look at every betting site we review to produce a comprehensive article for your reference. This review is no different. Here, you’ll find information about:

  • Licensing, Safety, and Trustworthiness
  • Sports Offerings
  • Odds Offers
  • Options and Features
  • Welcome Offers and Promos
  • User Experience
  • How to Register with Betsafe
  • Payment Methods
  • Is Cryptocurrency Available at Betsafe?
  • How to Withdraw From Betsafe
  • Customer Support
  • Responsible Gambling
  • Awards and Recognitions

Can You Trust Betsafe? Licensing, Safety, and Trustworthiness

Whenever you’re looking to use a betting site, it’s crucial to ensure that it’s fully licensed and safe to use. After all, you’ll be moving money in and out of this platform, so it has to be trustworthy.

In this section, we’ll explore everything you need to know about Betsafe’s licensing, safety, and trustworthiness.

Betsafe: Complete List of Licenses

Betsafe is licensed by the State of Colorado, Department of Revenue, Division of Gaming. Its license number is 94607181, and it obtained this license in December 2020. 

What Makes Betsafe Safe?

  • Overseen by the Colorado state gaming commission 
  • Owned and operated by Betsson, a well-established Swedish gambling company that’s been around since 1963 and has earned an excellent reputation 
  • Offers secure deposits and withdrawals through PayPal, ACH e-check, or in person
  • Complete terms and conditions with legal information are available within the app
Is Betsafe a trustworthy betting site?
Betsafe’s state licensing, plus Betsson’s long history of legal, reliable gambling services, make Betsafe a safe choice for in-app wagering. Since it’s overseen by the Colorado government and subject to all state regulations, I personally trust Betsafe for mobile betting. 

Which Sports Can You Bet on at Betsafe?

Betsafe is an impressive in-app sportsbook with a vast range of betting markets. It covers the most popular sports leagues in the nation, including the NFL, NBA, MLB, and NHL. Sports fans who avidly follow these major leagues, along with college football and college basketball fans, will find plenty to enjoy on Betsafe. 

But, Betsafe’s betting offerings don’t end with the mainstream. This in-app sportsbook also offers a variety of niche sports betting markets, including darts, cricket, table tennis, and a range of winter sports. Also, Betsafe is a dependable option for esports betting. 

Does Betsafe offer a desirable sports selection?  
After reviewing the complete range of sports that Betsafe offers, I’ve determined that it’s a competitive option for both mainstream and niche sports lovers. I also appreciate that Betsafe provides a range of winter sports, which are particularly popular for bettors in Colorado. 

Betsafe Odds Offers

Betsafe gives its customers access to the most up-to-date odds for hundreds of betting markets. This platform offers attractive odds on select occasions, such as preseason odds of +1800 on the Denver Broncos for a 2023 Super Bowl victory. Betsafe often offers boosted odds and daily odds boosts as promotions, but this can be difficult to predict. 

Are Betsafe’s odds competitive?
In my opinion, Betsafe’s odds make it a competitive choice for Coloradans seeking a new betting site to try. I recommend that users keep an eye out for odds boosts, which can increase your potential winnings. 

Betting Options and Features on Betsafe

On Betsafe Colorado, you’ll gain access to a broad selection of bet options for its extensive range of available sports and events. These bet types include parlays, moneylines, spreads, teasers, futures, totals, and props. Plus, Betsafe offers superb bet-type coverage, including comprehensive player props for most sports. 

Betsafe also offers a streamlined live betting mobile platform with a user-friendly in-play interface and detailed live graphics. 

Betsafe’s Range of Betting Options
Betsafe has an extensive range of betting options and features, including bet-type coverage and a top-of-the-line live betting interface. In this Betsafe review, I find that this makes it a great pick for wagerers who are interested in exploring a range of bet types. 

Welcome Offers and Promos: Score Your Bonus at Betsafe

There are many betting platforms available today, and they’re all competing for your business. So, many use welcome offers and other promotions to entice new bettors. Betsafe is no different, with a welcome offer. 

Betsafe Bonus Bet Welcome bonus for New Players

Betsafe is currently offering new players a second chance on their first loss with a Bonus bet of up to $500. This means that Betsafe will be giving the free bet option for new wagers. Note that Betsafe is currently only available in Colorado, so this offer is open solely to Colorado bettors.

Is Betsafe’s Welcome Offer Worth It?
Betsafe’s Bonus bet of up to $500 on any first loss is a fantastic way to get started on this in-app sportsbook. In my opinion, it’s a generous welcome offer that’s sure to appeal to Colorado sports fans. 

This welcome bonus is available after the deposit and a wager of a minimum $25 on one bet. No bonus code is required to claim the bonus and new bettors have 30 days to use their Free bet. T&Cs apply.

Betsafe Deposit Bonus

No deposit bonus available at the moment.

Betsafe Bonus Bet

A Bonus Bet is offered only to new players as a welcome bonus.

Betsafe Reload Bonus

At the time of the review no Reload Bonuses are offered.

Betsafe VIP Program

Betsafe is not offering a VIP program at the time of the review.

The Betsafe User Experience 

To capture our attention, a betting platform has to be easy and enjoyable to use. So, we closely reviewed Betsafe’s user experience, both in-app and on the Betsafe website. 

Using Betsafe on Their Website

Unfortunately, Betsafe Colorado is currently only available on the app. This means that you can’t access the platform or place bets on their website. So, if you prefer betting on a browser, rather than in an app, Betsafe isn’t the right choice for you. 

Betsafe’s Mobile App Experience

You can download the Betsafe mobile app on the app store or Google Play. It currently has a 4.2-star rating on Google Play. 

The Betsafe app is easy to navigate and runs smoothly, with an attractive interface. It even offers the ability to pin favorite bets so that you can easily search for a wager to place. 

Is Betsafe’s Mobile App Worth the Download?
I found Betsafe’s mobile app to be intuitive and pleasant to use. Its live betting section is particularly well devised, with up-to-date scoring and detailed live infographics. Simply put, you’ll find everything you need for sports betting in Colorado on the Betsafe app.

How to Register as a New User With Betsafe

If you’re planning on registering as a new user with any betting platform, you likely want to know what you’re getting yourself into. Let’s go over each step in the process of creating a new account with Betsafe. 

  1. Begin by downloading the Betsafe Colorado app on the App Store or Google Play.
  2. Next, open up the app and find the account creation tab. 
  3. Click on this tab, and you’ll be presented with a registration form.
  4. Upon completing this form, you’ll have an account with Betsafe Colorado. 
Registration form – Betsafe App

Documents and Information Required to Open an Account With Betsafe

Betsafe needs some personal information from each wagerer to provide a safe, legal betting experience. This information includes:

  1. Your full name
  2. Your home address
  3. Your email address
  4. Your phone number
  5. Your social security number
  6. A password to protect your account
Is Betsafe’s Registration Process Worth the Effort?
Ultimately, Betsafe’s registration process is as quick and as simple as can be, given that it’s regulated under Colorado state law. You won’t find a much shorter registration process with any other legal betting platform. 

Betsafe Colorado Payment Methods

To make deposits and withdrawals as a wagerer on Betsafe Colorado, you’ll need to select one of the platform’s available payment methods. Given that this platform has only been around for a few years, it only offers a handful of payment methods. These include:

Payment MethodMin DepositMax WithdrawalAverage Deposit TimeAverage Withdrawal Time



2-5 days
ACH e-check



3-8 days
In-person at Dostal Alley Casino in Central City



Mastercard and Visa$10N/A (deposit only)InstantN/A
Betsafe App / Payment Methods
How Do Betsafe’s Payment Methods Stack Up?
Compared to other online sportsbooks, Betsafe’s payment methods are relatively limited. However, they are secure, and I trust that they’ll add more options over the years to come.

Is Cryptocurrency Available at Betsafe?

Currently, Betsafe Colorado doesn’t offer a cryptocurrency payment option. 

Won Your Bet? Here’s How to Withdraw Your Winnings From Betsafe. 

To withdraw your winnings from Betsafe, first pick your withdrawal method. The PayPal and ACH e-check options can both be completed virtually, within the app. If you live in Central City, you may also consider heading to the Dostal Alley Casino to withdraw your winnings in person. 

The Steps to Withdraw From Betsafe

  1. Click on your user icon within the Betsafe Colorado app.
  2. Select the Bank option, then click on withdraw. 
  3. Select your withdrawal method to complete the transaction.

What Else to Know When Withdrawing

When withdrawing from Betsafe, note that the maximum withdrawal is $8,000 for a single transaction. Additionally, PayPal is the fastest option for withdrawal processing, taking between two and five days. The funds will reach your account once the withdrawal has been processed. 

Does Betsafe Offer Secure Withdrawals?
I found Betsafe’s withdrawal options to be secure, albeit somewhat limited with slow processing times. Nonetheless, I like that you can make withdrawals easily within the Betsafe Colorado app.

Betsafe’s Customer Support

Betsafe’s customer support is one of its most impressive features. You can get in touch with this betting platform via live chat or email, with quick response times. In fact, Betsafe has even won awards for its commitment to exceptional customer service. 

ContactAverage Answer Time
Email[email protected]1 hour 
Live ChatIn-app 24/730 seconds
  • Languages Supported

Currently, Betsafe Colorado only offers customer support in English. This makes sense given that this platform is only available in Colorado.

  • Help Center

The Betsafe Help Center provides answers to most FAQs and general concerns. So, you may not even have to reach out for a solution to your inquiry. 

Does Betsafe’s Customer Support Meet the Mark?
Betsafe’s customer support is undeniably prompt and attentive. It’s one of the key reasons why we recommend this sportsbook for bettors in Colorado. 

Responsible Gaming

Gambling has the potential to be addictive, and Betsafe Colorado recognizes that. It offers self-exclusion options to limit the amount of time that you spend gambling in the app. Additionally, Betsafe keeps responsible gambling notices visible on both its website and the app. 

Is Betsafe Colorado a Responsible Betting Platform?
Its self-exclusion feature makes Betsafe a responsible option for wagerers in Colorado. I also appreciate that Betsafe provides the hotline from the National Council on Problem Gambling with all of its nomenclature. 

Awards and Recognitions 

Betsafe Colorado’s parent company, Betsson Group, has won multiple prestigious industry awards including:

  • Customer Service Operator of the Year at the EGR Nordic Awards 2019
  • Socially Responsible Operator of the Year at the 2019 International Gaming Awards 2019
  • Company of the Year at the 2019 Women in Gaming, Diversity and Employee Wellbeing Awards 2019


A Win For Colorado Bettors? In this Betsafe review, we found that it offers an undeniably smooth in-app experience, with robust live betting software and outstanding customer support. Although this platform is limited to the app and has fewer banking methods than many of its competitors, the pros outweigh the cons for passionate wagerers in Colorado. 

Other Betting Sites To Use if You Like Betsafe

Frequently Asked Questions

Betsafe is owned by the Betsson Group.

You can withdraw money from Betsafe via PayPal, ACH e-check, or in person in Central City.

Yes, Betsafe is legitimate and licensed under Colorado state law.

You can download the Betsafe app on the App Store or Google Play.

Yes, Betsafe is a safe, secure, and state-licensed betting platform.

Betsafe works within its dedicated app as a virtual sportsbook.

Site Manager

Simon Flynn is a sports bettor with over 10 years experience in building profitable sports trading systems. Specializing in football (the type where players use their feet), he dreams of hitting that elusive 10-game accumulator one day. Editorial Promise