BetMonarch is an online sportsbook app connected to the Monarch Casino Resort Spa in Black Hawk, CO. It took its first wagers after its launch date in May 2020 and is one of more than two dozen Colorado sportsbooks. How do they stand up to the competition? We’ll break down their offerings in this comprehensive review.
BetMonarch Sportsbook Sign Up Bonus
Monarch Casino Resort Spa lacks experience competing in the online betting market. So, it doesn’t surprise us that in May 2021, BetMonarch does NOT have a welcome bonus.
Not much separates sportsbooks these days. They all compete closely on odds and betting markets – so, bet bonuses and promotions are among the few ways they can stand out.
Because of this, we expect BetMonarch will develop a welcome bonus soon. Until they do, this sportsbook will get killed by their competition in Colorado sports betting. When they announce a BetMonarch bonus, we’ll update this section.
|BetMonarch Sportsbook Bonus||n/a|
|Minimum Qualifying Wager||n/a|
Top 5 Colorado Sportsbook Bonuses
As there is currently no welcome bonus or promo codes for BetMonarch, you can check out these welcome bonuses from other Colorado sportsbooks.
|Sportsbook||Welcome Bonus||Compensated as||Wagering Requirement|
|BetMGM||$600 Risk-Free Bet||5x Free Bet||1x|
|Elite Sportsbook||$500 Free Bet||N/A||1x|
|DraftKings Sportsbook||$1,000 Deposit Bonus||N/A||1x|
|BetRivers Sportsbook||$250 Deposit Bonus||Bonus Money||1x|
|PlayUp||$20 Free Bet & $200 Deposit Bonus||N/A||5x Bonus + Deposit|
BetMonarch Sportsbook Promo Code 2021
BetMonarch does not have a welcome offer or ongoing promotions. So, there is no need for promo codes. If they bring in a welcome bonus or promotions, we’ll update this space.
BetMonarch Sportsbook Promotions
At the moment, BetMonarch does not offer any online-only promotions. However, they do have a comps program where you can earn loyalty points. To begin collecting them, you’ll have to apply for the program in-person at the Monarch Casino Resort Spa in Black Hawk, CO, and download a separate app (Monarch Rewards) to track your comp points and tier points balance.
Currently you can’t convert points to sportsbook bonuses or real money within the BetMonarch mobile app. To cash in your points, you have to visit the BetMonarchs Colorado land-based Monarch Casino. Now, we’ll never complain about free hotel stays, meals, or event tickets. But the lack of online benefits in BetMonarch sports betting app is just disappointing.
BetMonarch Sportsbook Markets
Want to give BetMonarch Sportsbook a try? The BetMonarch app offers most of the popular sports betting markets for sports fans. On this app, you can wager on the following sports/leagues:
Bet Types Available at BetMonarch Colorado Online Sportsbook
Right now, BetMonarch is focusing heavily on baseball wagering. In particular, they offer 8-cent money lines and 16-cent run lines – these are super-tight margins, making it a great deal for bettors. Also, on certain bets, you can move the odds further in your favor for a small fee. Check the app for the latest details.
The BetMonarch Sportsbook app offers the following types of bets:
- Round Robins
- Spread Bets
- Prop Bets
Banking Options at BetMonarch Sports
Ready to give BetMonarch Colorado Sportsbook a shot? As a relatively new sports betting app, the BetMonarch still has only a few options for banking. Below, we’ll talk about depositing and withdrawing on this betting site.
The BetMonarch Sportsbook Deposit Methods
As of May 2021, there are only few ways to get money on the BetMonarch app. In the future, we hope the app adds more banking options for more flexibility. If you want to deposit on BetMonarch, here are the choices:
- Bank Transfer
- Credit Cards through Play+
- Cash at the Monarch Casino Resort Spa
BetMonarch Sportsbook Withdrawal Methods
Unlike deposits, withdrawals on BetMonarch are NOT instant. To combat fraud, this sportsbook reviews all withdrawal requests. Usually, this process takes a few hours, but some requests can take much longer. Keep documentation on hand in case BetMonarch asks for it.
Right now, there are two withdrawal option – bank transfer and Play+. Because of this, you should allow at least a few business days for the delivery of funds.
The BetMonarch Sportsbook App
BetMonarch Sportsbook is a 100% mobile sports betting app available for both iOS and Android users. If you want to wager online with BetMonarch, you must install their app on a smartphone or tablet. You must be within the Colorado state borders to place bets on sports, so don’t connect to BetMonarch via data. If you live near state borders, your device may connect to an out-of-state tower. If this happens, BetMonarch’s geolocation will not allow you to place wagers. By connecting via WiFi, you can avoid this issue.
Downloading the BetMonarch App
iOS customers will find BetMonarch in the App Store, while Android users can download their app from www.monarchblackhawk.com/sports. Sometimes, Android users may run into problems while downloading the BetMonarch app. If you are also encountering problems, check your settings. Keep scrolling until you find an option that says “Enable Downloads From Unknown Sources”, or something similar. Turn it on, then try your download again.
Creating a New Account
Signing up for BetMonarch is easy. Download the app, then begin the sign-up process. As you supply personal information, you’ll note that BetMonarch will ask for your Social Security Number. Don’t be alarmed – BetMonarch (and all other sportsbooks/online casinos in America) must collect this information to support responsible gaming.
After completing this process, set up your bank account. Once approved, make your first deposit. Once approved, you’ll be able to make your first wager on BetMonarch.
If you run into difficulties while using BetMonarch, there are two ways to address them. Start by checking out their FAQ. On this unorganized but thorough resource, BetMonarch lists the most common questions they get. If the FAQ doesn’t address your concerns, send an email to [email protected]
BetMonarch Sportsbook – Conclusion
The BetMonarch sportsbook looks great and functions well. However, it suffers from a problem common to casino-run sportsbooks – they underestimate their online competition. At the same time, they overestimate the loyalty of their brick-and-mortar sports bettors and their betting experience.
By not offering a welcome bonus or promotions, they are daring competitors like DraftKings sportsbook and FanDuel sportsbook to steal their customers. BetMonarch mobile app may not be able to offer $1,000 risk-free bets, but even a token bonus code would help retain long-time customers.
BetMonarch Sportsbook CO FAQ
- Is BetMonarch Sportsbook legit?
Yes. To operate an online sportsbook in Colorado, online sports betting operators must get a license from the Gaming Division of the Department of Revenue. To do this, BetMonarch must follow mandated best practices, like the separation of operational and player funds.
For this reason and others, you can feel safe depositing a bankroll on BetMonarch.
- Does BetMonarch have a welcome bonus?
No. As of May 2021, BetMonarch does not offer first-time depositors a welcome or signup bonus. If this sportsbook brings in a welcome offer at a later date, we’ll update this space.
- Does BetMonarch have promotions?
No. As of May 2021, BetMonarch is not running limited-time or ongoing promotions. If this situation changes at a later time, we’ll update our answer.
- How do I download the BetMonarch app?
Start by heading to www.monarchblackhawk.com/sports. Then, click on the BetMonarch image in the right sidebar – this will take you to the download page. iOS users can click through to the App Store, while Android customers can start their download directly on that page.
If your Android device runs into download issues, enable “downloads from unknown sources” in your security settings.