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Elite Sportsbook Review

Last Updated 04/13/22
country-accepted-icon USA US Sports Bettors Accepted
triangles icon
3 /5
Bonus
3 /5
Risk-free Bet
Terms and conditions apply.
2 /5
Deposit Options
2 /5
Play-plus visa-cashier-1 Mastercard-logo 5(1)
Elite Sportsbook Review Polygon icons
Elite Sportsbook Review
Pros
  • Family owned and operated.
  • Responsive customer service.
Biggest Complaint
  • Limited markets and bet types.
  • Limited banking options.
  • Poor odds restriction on welcome bonus.

Bonuses

Risk-free Bet up to $500 You will need to make a deposit (minimum $10) and use your deposited funds to place your first wager for the risk-free promotion. This promotion is for your first-ever wager. For example, if you deposit $500 but wager $200 and you lose, you will be given a $200 free bet to use as bet insurance. The max amount for that promo is $500. A bet that includes a futures market will not be deemed a qualifying bet. A free bet can be used on any betting market below +300 odds but cannot be used on futures markets. Free bets cannot be combined or broken down into smaller free bets. Free bets are only available for seven days once it is credited. Terms and conditions apply.

Elite Sportsbook Welcome Bonus: 100% Risk-free Bet up to $500
Like most U.S. online sportsbooks, Elite Sportsbook offers new users a risk-free bet on your first wager. These work as first bet insurance. If your first bet losses, Elite Sportsbook will give you a free play of the same value as your initial wager up to $500. 

The monetary value of the welcome bonus at Elite Sportsbook is on par with the average offerings for less significant online sportsbooks across the U.S. while major players in the industry such as FanDuel and PointsBet offer more significant bonuses. 

Elite is falling a little short of the industry here by setting the odds limit to +300, making it necessary to bet on heavy underdogs only with your free play. This gives you just a 33.3% implied probability of winning, according to SBR’s Betting Calculator.

Industry-standard for free play odds restrictions is typically around -200, which doubles your chance of winning compared to the odds Elite offers. Elite also doesn’t allow you to bet on futures markets with your free play, another shortcoming of their welcome bonus.

Summary

There is a noticeable gap in product quality when you step down from industry giants like Caesars and DraftKings and get into smaller operators like Elite Sportsbook. A perk of having an account with Elite is that you get a more personalized customer service experience. You also have the advantage of going into the casino itself to get the whole in-person experience and hospitality. 

The downside here is that the overall offering is much more limited than what you’ll be used to from major providers. The online user experience is generally a significant downgrade.

It never hurts to have accounts set up with multiple sportsbooks to ensure that you get the best quality of odds possible. Therefore, Elite is worth adding to your sportsbook rotation and a better option than some of the other lesser-known online sportsbook providers in Colorado specifically.

Elite Sportsbook App Store and Google Play Rating
Elite Sportsbook has not fared well when it comes to user ratings. It has received more one-star reviews on Apple’s App Store and Google Play than it has received five-star reviews. The sample size is small, but the overall sentiment is that the app is just not great, and the banking process is a pain point for customers.

There is a need to bounce back and forth between the app and the mobile site for some transactions. Users have also noted they have been quickly limited after going on short winning streaks. Android users specifically have mentioned many issues with not even being able to log into the app.

It’s important to remember that users are more likely to leave negative reviews than positive ones. To Elite Sportsbook’s credit, they have dedicated support responding to pretty much every complaint as well, which some sportsbooks don’t take the time to do. However, when you see common trends amongst all the reviews like you do at Elite, there are obviously some kinks for them to work out still.

Banking

Currencies Accepted

USD

Methods of Deposit

Play-plus
Min: $10
Max: $2,000
Fee: Free
visa-cashier-1
Min: $10
Max: $2,000
Fee: Free
Mastercard-logo 5(1)
Min: $10
Max: $2,000
Fee: Free
discover-cashier-1
Min: $10
Max: $2,000
Fee: Free
cash-at-cage
Min: $10
Max: $2,000
Fee: Free

Deposit options are the same for both Iowa and Colorado with the exception of Iowa not allowing credit card deposits per their gaming commisssion regulations.

Methods of Withdrawal

Play-plus
Fee: Free
cash-at-cage
Fee: Free
cashiers-check-1
Fee: Free

Most withdrawal requests are processed within 72 hours. If you sign up for Play+ online, you will be sent your card in the
mail in about 7 business days upon your first successful withdrawal or deposit.

Checks can be requested in the withdrawal options online under “Cash” and a special request must be entered saying “Check Request.” Once requested, processing will begin which usually carries a 5-6 week processing time.

Elite Sportsbook Review
C- Last Updated
04/13/22
3 /5
Bonus
Risk-free Bet
Terms and conditions apply.
2 /5
Deposit Options
Play-plus visa-cashier-1 Mastercard-logo 5(1)