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Elite Sportsbook Review

Why Elite?
  • Licensed in Colorado and in Iowa
  • High-end customer support service
  • Competitive odds for top sports
Covers Gold Seal
Payout Speed:
3-7 days
BetSmart Logo BetSmart Rating: 4.0
Bonuses and promotions
Banking and payout speed
Key features
Security and trust
Customer support
Elite deposits and withdrawals (2):

Elite Sportsbook is the complete package when it comes to online sports betting sites in Colorado and Iowa, thanks to strong bonuses, promotions, features and terrific odds.

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Elite Sportsbook went live in Colorado in August 2020 and shortly thereafter in Iowa. It is a premium online sports betting site launched by Red Dolly Casino in Blackhawk, Colorado. The site’s layout boasts an elegant black and gold color scheme and the interface has a similar and familiar look to that of competing online sportsbooks. Inside, bettors can find markets for various sports, often with impressive odds. There is also a generous welcome bonus waiting for new players. Learn all about it in our full Elite Sportsbook review.

The Elite sportsbook is available in the following states:

Hits and misses

  • Licensed in Colorado and in Iowa
  • High-end customer support service
  • Competitive odds for top sports
  • Risk-free bet for new customers
  • Focused on the big North American leagues
  • Great offering for in-play betting on the site
  • Available on mobile with an optimized website
  • Appealing welcome bonus and other promotions
  • Restrictive banking methods
  • Limited betting markets
  • Clunky navigation
  • No native mobile apps

Elite bonuses and promotions

Elite Sportsbook offers several incentives, including a generous welcome bonus and special promotions, to help new players get up and running.

Sign-up bonus

Elite Sportsbook is currently offering a sign-up bonus to new customers from Colorado and Iowa. Players who place their first real money wager are eligible for a 100% risk-free bet on their first deposit. If you lose the bet, the wager will be treated as risk-free and customers will receive a free bet equal to their loss up to $500. The free bet will expire after seven days of being credited to your account.

Parlay bonus

Elite Sportsbook offers a unique parlay bonus known as a Progressive Parlay, which is usually available for football and basketball point spreads. They are similar to traditional parlays, with the exception that bettors are provided a margin of error and a Progressive Parlay can still payout even if one or several legs lose. You must choose between four and 12 teams and the margin of error depends on how many games you have in your parlay:

  • 4 - 6 teams can miss up to one game

  • 7 - 9 teams  can miss up to two games

  • 10 - 12 teams can miss up to three games

Elite’s take on a parlay means bettors can lose games and still win their bet. There is a catch, however, in that a push or a tie is considered a loss in Progressive Parlays.

On-going promotions and bonuses

Follow Elite Sportsbook on Twitter (@elitesportsbook) for access to the latest promotions, including the #DoverUnder Picker of the Week campaign where users can win up to $100 in free bets. If you beat Elite expert Joshua Dover, you will get $100 in free bets added to your account.

Elite deposits and withdrawals

Deposit options

Banking is one area that Elite Sportsbook could improve upon. Currently, there are only two options for making a qualifying deposit.

Deposit Method Fee Process Time Minimum Deposit
playplus Logo Free Instant $10
cash Logo $10 Instant $10

Withdrawal options

Processing your withdrawal can take up to 72 hours and users will be required to submit identification documents for account verification.

Withdrawal Method Fee Process Time Minimum Withdrawal
playplus Logo Free 4-7 banking days $10
cash Logo Free 3-5 banking days $10

Elite key features

Elite offers a great mix of features that can enhance your sports betting experience. While live betting is widely available nowadays, early cash out is quite rare in Colorado. It is nice to see both of these, in addition to other features found on its platform.

Live betting

One of the main attractions at Elite Sportsbook is the live betting section, which mostly mirrors the professional leagues in North America. After selecting a live match, the interface will show a basic representation of the current stats and the available betting options.

Early cash out

The sportsbook’s cash-out feature allows the bettor to settle their wager before the conclusion of the event. This feature is only available for select events, both pre-match and in-play. After placing your bet, you can opt to cash out eligible wagers from the bet slip. The payout is based on the current odds and the funds are added to your account balance.

Buying points

Elite Sportsbook may allow bettors to buy points and thus alter the point spread or the total of a football or basketball game. The feature is generally preferred by more experienced bettors who are looking for ideal lines and who understand the value of each point.

Elite security and license

Covers Security Badge

The site features the latest in SSL digital encryption in order to provide a safe betting environment. The operator holds valid licenses from the Colorado Department of Revenue - Division of Gaming and the Iowa Racing and Gaming Commission. It also operates Red Dolly Casino, a well-established and reputable land-based casino in Colorado.

Colorado Division of Gaming

Iowa Racing and Gaming Commission

Elite customer service

Elite offers a premium customer support service, which can be very useful to new users and beginner bettors alike. For help and assistance, users can get in touch by live chat, email, or phone. The available FAQs are helpful and provide more information on common topics. 

  • Live chat available 24/7
  • Email: 
  • Phone: 1 844 777 4238
  • Support languages: English
  • Twitter: @EliteSportsbook

Elite mobile app

Elite lacks native mobile apps, but the users can easily navigate the online sportsbook via its mobile-friendly and responsive site. Users can connect from their browsers on either iOS or Android devices.

Elite review conclusion

Elite Sportsbook has a few shortcomings, but great perks and features help it stack up as a worthy contender for bettors in Colorado and Iowa. The online sports betting market is still in its infancy and the operators are growing along with it. Elite Sportsbook is already in a good position and is poised to deliver an even better wagering experience as the brand grows.

Fully licensed, safe, and reliable

With legal sports betting now available in Colorado and Iowa, Elite Sportsbook is not cutting any corners. The operator is licensed by the Colorado Division of Gaming and by the Iowa Racing and Gaming Commission.

Bonuses, promos, and other perks

Right now, Elite Sportsbook has one of the best offers when it comes to bonuses and promotions. The 100% risk-free bet up to $500 is a great way for new users to get started. Coupled with the extra free bets and exclusive Progressive Parlays, there are a number of ways for players to benefit.

All the sports at your fingertips

The site runs well on desktop and mobile devices, despite lacking native mobile apps. New visitors can quickly navigate the interface while experienced bettors will instantly recognize the classic sportsbook layout. It only takes a few clicks, or taps on the screen, to place your bets at Elite Sportsbook.

Elite FAQs

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