Year established: 2013
Mobile compatible: Yes
Jurisdiction: United Kingdom
Overall rating: C+
Recommended: For recreational players
Colossus Bets Review
Colossus Bets is a very well known name in betting, it has a global reach and is famous for its £1m Colossus jackpot. The company was founded by Bernard Marantelli and Zeljko Ranogajec. The former formerly worked in PR for Monsanto and the latter is an Australian professional gambler.
Colossus Bets is no ordinary bookmaker. It offers pools betting games. As such it doesn’t offer punters a range of sports but for those that like their football it is ideal and certainly tempting with the huge returns possible.
Colossus Bets launched in 2013 and offers other big money pools competitions regularly alongside the main draw. The operator is active on Twitter; it has about 50,000 followers on the social media network and it is primarily focused on betting itself; odds and promos as opposed to sporting news and ‘meme culture’ though it includes some of this too.
Colossus pools have modernised the traditional form of pool betting by featuring: guaranteed jackpot prizes – available to winners regardless of the total amount of player contributions into that pool; consolation prizes – for those who closely miss winning the big jackpot prize; and Cash Out opportunities – allowing players to sell all or part of their ticket back to Colossus and lock in a profit regardless of the outcome in the remaining legs in the pool.
Colossus Bets partners with numerous other bookmakers which allows them to launch their own version of the £1m jackpot. Partners include Betfair, Betdaq, Boylesports, Betclic, Expekt, the Football Pools, Ladbrokes Australia, BetBoro and 21Bet amongst many others. It has recently made its move into Africa by signing partnerships with the likes of 1960Bet, Safari Betting and Nairabet. In total it has signed up over 30 B2B partners though not all of these remain live.
Colossus is home to the partial cash out. At certain times, Colossus will make an offer to buy a ticket that is still eligible to win a prize. These offers are typically made between the end of one match in a pool and the start of the next match. In some instances, there may also be Cash Out offers made at half times.
The amount you could win if you correctly predict the result of each leg in a pool, depends on the size of the jackpot and the number of other tickets that have selected the same result(s). If you narrowly miss picking every winner in one of Big Jackpot pools, you will win (or share in the case of multiple winners), the relevant Consolation prize listed in the pool header.
If a pool is not won, then the stakes contributed into that pool will carry forward into a future equivalent pool (and so on indefinitely until won). Amounts that carry forward are known as ‘rollovers’ and shown in the rollovers icon in the pool header. For example, a rollover on a Millionaire pool will be carried over onto the next Millionaire pool.
Colossus offers the following pool types:
– 1X2, where you need to pick the outcome of a series of matches;
– Correct Score, where you need to guess the exact correct score for a series of matches;
– Asian Handicap, where you need to guess the outcome of a series of matches given a specified match handicap;
– Over/Under, where you need to pick whether the combined score of the two competing teams will be over or under a specified number.
Again as it is wholly different to a ten a penny sportsbook operator there is no live betting per se, it is just the pools betting games that Colossus Bets offers. It does however allow its punters partial cash out and for this reason there is an in-play element to its pools games. With the Colossus Bets mobile app this is both fun and easy to monitor too.
Usability of the site
The site is modern and intuitive; it has a good feel to it and allows users lessons on pools betting via its Guide feature. It is image heavy which makes it look good and there aren’t an overwhelming amount of options to distract you from the act of betting.
The guide features an informative video meaning you don’t even have to read to learn what to do on Colossus. The left hand column gives users all the information they need on current pools, upcoming pools and the details about them such as the prize pool and when it closes.
There is a mobile optimised site as well as a great mobile app for betting on the go.
It’s easy to find where to contact customer support; along the top horizontal bar is Play Now, FAQ, Contract and Mobile Version. The FAQs are extremely comprehensive and should answer any basic questions a newcomer to pools betting may have, that is if the video hasn’t already done that.
Customer support is available via email, phone but there is no live chat. This is a serious blow to an otherwise established and modern operator. The address should you wish to write or pay them a visit is Colossus Bets Ltd, 175 – 185 Grays Inn Road, London.
Let’s talk money. The banking options that Colossus Bets customers have include Visa, Mastercard, and e-wallets such as Skrill, Paypal, Neteller.
Colossus Bets has partnered with over thirty B2B partners for a reason. Its product is excellent, fun and popular. That the operator has acquired 50,000 and counting Twitter followers is more proof to this pudding.
People like the opportunity to win big, and the product backs this up with its simplicity and education for those not used to pools games. It could do with improving its customer support options if it wishes to continue to grow.
Colossus Bets is regulated by the U.K. Gambling Commission.
– Huge pools;
– Potentially huge payouts;
– Is one of best opportunities of making big returns from a small outlay;
– Consolation prizes in Big Jackpot pools;
– Bets can be fully or partially cashed out;
– Intuitive mobile app;
– Licensed in UK;
– Pool betting concept is fun.
– No promotions for new customers;
– Simplistic design – could be better;
– No specific sport/event selections;
– Limited offer of payment options.
Visa/Mastercard, Skrill (Moneybookers), Paypal, Neteller, Paysafecard, Bank Transfer
*Keep in mind to double check information. Be prepared for changes to restricted countries, bonuses, currencies, deposit and payment options, languages, contact info.