Elite Sportsbook Review
Licensed in Colorado and Iowa
iPhone and Android mobile apps
High-end customer support service
100% Risk-Free Bet up to $500
BetSmart™ Rating:
Bonuses & Promotions
Banking & Payout Speed
Key Features
Security & Trust
Customer Support
Payout Speed:
3-7 days
Deposits & withdrawals
Why Elite Sportsbook?
Licensed in Colorado and Iowa
iPhone and Android mobile apps
High-end customer support service
Payout Speed:
3-7 days
BetSmart™ Rating:
BetSmart™ Rating:
Deposits & withdrawals
Hits and misses
Rated #23
100% Risk-Free Bet up to $500
Rated #23
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 currently offers 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 the bet loses, 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 an account.
We love that the free bet play applies to any betting market, with the exception of futures, below odds of +300.
Parlay bonus
Elite Sportsbook offers a unique parlay bonus known as a Progressive Parlay, which is usually available for football and basketball point spreads. Progressive Parlays are similar to traditional parlays but can still payout if one or several legs of the bet lose. You must choose between four and 12 teams, and the margin of error depends on how many games you have in your parlay:
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4 - 6 teams can miss up to one game
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7 - 9 teams can miss up to two games
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10 - 12 teams can miss up to three games
Elite’s take on a parlay means bettors can lose games and still win their bets. There is a catch, however, in that a push or a tie is considered a loss in Progressive Parlays.
Ongoing 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.
Deposit options
Elite has increased its list of available deposit options to include credit cards, however, that method is only available in Colorado and not Iowa.
| Deposit Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | Instant | $10 |
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$10 | Instant | $10 |
|
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Free | instant | $10 |
|
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Free | instant | $10 |
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Free | instant | $10 |
Withdrawal options
Processing your withdrawal can take up to 72 hours if you're using one of the more direct options, and users will be required to submit identification documents for account verification.
Elite has authorized the use of physical checks for withdrawals, which can be requested under the withdrawal options, under 'cash.' Requests must be entered as 'Check Request' with processing times set between five and six weeks.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
|
|
Free | 4-7 banking days | $10 |
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Free | 3-5 banking days | $10 |
Elite offers a great mix of features to enhance your sports betting experience. Live betting and early cash out lead the way as top features of the Iowa-based sportsbook.
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.
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 looking for ideal lines and who understand the value of each point.
Early cash out
The sportsbook’s cash-out feature allows bettors to settle their wagers before the conclusion of an 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.
Betting on the go with Elite Sportsbook is a breeze. Download free mobile apps for iPhone and Android via the Apple App Store and Google Play, respectively.
New customers must download Elite's geolocation plug-in which allows the app to pinpoint your location within Colorado or Iowa.
The Elite Sportsbook website features the latest SSL digital encryption 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. Elite 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 offers a premium customer support service, which can be very useful to new users and beginner bettors. For assistance, users can get in touch by live chat, email, or phone. The available FAQs are helpful and provide information on common topics.
- Live chat available 24/7
- Email: support@elitesportsbook.com
- Phone: 1 844 777 4238
- Support languages: English
- Twitter: @EliteSportsbook
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. Elite has positioned itself well and is poised to deliver an even better wagering experience as the brand grows.
Fully licensed, safe, and reliable
Elite Sportsbook is licensed and regulated by the Colorado Division of Gaming and the Iowa Racing and Gaming Commission. Sports bettors can breathe easy knowing their personal information — and bankroll — is safe.
Bonuses, promos, and other perks
Elite's 100% risk-free bet up to $500 is an excellent way for new users to get started. The sportsbook's extra free bets and exclusive Progressive Parlays round out an impressive lineup of bonuses and promotions for local sports bettors.
All the sports at your fingertips
Despite the absence of a native sports betting app, the Elite Sportsbook website runs well on mobile devices. New visitors can quickly navigate the interface, while experienced bettors will instantly recognize the classic sportsbook layout. It only takes a few taps to place your bets at Elite Sportsbook.
Elite Sportsbook review FAQ
Yes, Elite Sportsbook is a legitimate online sportsbook for betting in Colorado and Iowa. It operates with licenses from the Colorado Division of Gaming and Iowa Racing and Gaming Commission, respectively.
Yes, Elite Sportsbook is a safe choice if you want to bet real money in Colorado and Iowa. Every page uses high-end encryption and the funds are held in secure bank accounts.
Yes, Elite Sportsbook is available to residents of Colorado and Iowa. The operator will most likely expand to other states as the path to legalization has been laid.
The welcome bonus at Elite Sports is a 100% risk-free bet that applies to the first wager. It can cover bets of up to $500. If the bet loses, you will receive the stake back as a free bet.
No, the cashier doesn’t support deposits via Bitcoin. Deposits can be made via Play+ or with cash at the cage at Grand Falls Casino, Riverside Casino, Rhythm City Casino (Iowa), or Red Dolly Casino (Colorado).
Yes, withdrawals can be made from your Elite Sportsbook account. Access the cashier to request a payout via Play+. Alternatively, you can make a request through Grand Falls Casino, Riverside Casino, Rhythm City Casino (Iowa), or Red Dolly Casino (Colorado).
According to the operator, withdrawals are processed within 72 hours. If you are a repeat customer, you can expect faster processing.
You can use the live chat feature on the site, send emails or place a call if you need more personalized assistance. The support service at Elite Sports is quite good, and the team is happy to assist.
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Mike has been researching and reviewing products for more than a decade. The former travel and entertainment publisher is all in on sports betting. When he's not sweating picks or supporting Covers' betting experts in making smarter sports bettors, you can find him by the BBQ, perfecting his cross-hatch marks.
