Colossus Bets is an online gambling operator with an original approach to sports betting. Instead of traditional wagering, it invites players to discover the thrills of betting pool games. All European football leagues and most of the important matches are featured, so the options are numerous. In many regards, their system is very similar to a lottery, but players are in complete control of their bets. Skill is important and you don’t rely exclusively on luck when gambling here.
Key facts about Colossus Bets
- Colossus Bets offers players the chance of winning potentially huge paychecks.
- There is no risk of the house winning it all, as payouts are rolled over.
- Colossus Bets is fully compatible with mobile devices and has a dedicated app for iOS and Android
- The website hasn’t changed a lot since its inception and it remains simple and a bit bland.
- Colossus Bets offers customer support round-the-clock and all the popular payment methods.
Colossus Bets Sports and Odds
Colossus Bets betting has the concept of gambling pools and its cornerstone. Depending on how many players participate, the prizes can go up or down. The best part is that you can rest assured that somebody will eventually win most of the cash. The best case scenario is to win a massive amount of €10 million or equivalent. Only slot machines with progressive jackpots offer similar possibilities to get rich overnight with a minimal investment.
Football is the most popular games here, but they feature other sports, including tennis, ice hockey basketball and many more. While everyone is secretly hoping to win the main payout, there are plenty of consolation prizes of €1000 and €2000. In addition to the main sports betting pools, the casino also runs Pick 3 and Pick 4 games on selected dates.
Depending on their skill and betting preferences, players can wager on the outright winner, correct score, the number of goals and several other markets. The diversity of bets at Colossus Bets pales in comparison with what pretty much all traditional bookmakers offer. McBookie, Redbet, Spreadex, Novibet and Football Pool offer far more alternatives for regular punters. On the other hand, some of the popular game mechanics are also featured here, such as the ability of selling tickets before the final whistle.
Colossus bets is known for its £10,000,000 super bet which is also the most challenging competition. In order to win the big paycheck, one would have to correctly predict the scores in seven football matches. It’s a tall order and it comes as no surprise that the jackpot is rolled over frequently. When somebody finally manages to make the correct prediction on all matches, he or she wins a fortune.
Live Betting and Streaming at Colossus Bets
Colossus Bets has a betting system that is not exactly suitable for live betting. You need to make your decision before the first whistle and then hope for the best. This can pose some problems to those who prefer to use hedging strategies when gambling. If you enjoy the thrills of betting in real-time, you would be better off looking elsewhere for gambling options. There is no indication of the bookmaker showing any willingness to introduce this feature to its customers.
Live streaming is missing altogether and once you accept the fact that live betting isn’t offered, this is no longer surprising. On the bright side, you can use all sorts of mobile devices to bet here, so staying on the move isn’t the problem.
Colossus Bets promotions and bonuses
Colossus Bets bears many similarities to other gambling operators that have betting pools at the cornerstone of their systems. Since the money collected from players is divided among winners, the house edge is very small. There are not many alternatives for those who enjoy this type of gambling, so competition is not as intense. That’s probably one of the reasons for why the sign-up bonuses here are small and there are not many offers.
When people sign up for real money accounts they receive a unique RAF code that makes them eligible for free bets. The maximum sum that can be collected consists of €100 or currency equivalent. It is also worth mentioning the fact that new players receive a free bet rather than a standard cash bonus. The only get to keep the profits they make while the stakes are subtracted immediately after the games are settled.
The Refer a Friend promotion is one of the few available to those who were hoping to win cash for free. Players don’t receive a lump payment, but instead are eligible for a cashback of 5% of what the new member deposits. That’s why it is better to have highrollers for friends, as they will be willing to deposit and gamble bigger amounts. The referral scheme itself is easy to understand and Colossus Bets bonuses are always paid promptly to eligible customers.
How do you register at Colossus Bets?
Signing up with Colossus Bets is not rocket science and the system is constantly simplified. You need to fill in your name, the email address and the date of birth and then also enter your mobile number. These are a couple of introductory steps that shouldn’t take more than a couple of meals even if you don’t know a great deal about gambling. Once players are signed up, they can participate in any of the competitions and place a bet in one of the pools games available.
Is Colossus Bets safe and reliable?
Colossus Bets might not be the most generous gambling operator in terms of bonuses offered, but it is absolutely fair. Those few freebies that they offer are paid quickly and there were no instances in which players were denied bonuses. Apparently, they understand the fact that the system they promote is a bit strange for regular punters and go to great lengths to clarify any matters. The tutorials they offer and the helpful customer support should clear the doubts of newcomers. They use the latest security technology for encryption and firewalls to keep wrongdoers at bay.
Payment options and cash out times at Colossus Bets
Colossus Bets payment methods include all major credit cards such as Mastercard, Maestro, Visa and Visa Debit as well as fast bank transfer. There are fewer electronic wallets available but luckily for those who have a PayPal account, it can be used to deposit. There are significant differences between the waiting time on cash outs, but all deposits are made instantly. Commission is not charged and there are no hidden fees, so if players end up paying something extra eyes because of their bank.
Colossus Bets service and support
Customer support is offered only via telephone and email support, with live chat being still on the wish list. Luckily for those who gamble here, all the specialists are fluent in English and many of them are native speakers. There are only toll free numbers for customers from the UK, but assistance is delivered 24/7 to all members. The online form is also a good choice to voice concerns or ask questions.
What are others saying about Colossus Bets?
The differences between Colossus Bets and traditional bookmakers make the former quite intriguing to a broad spectrum of punters. However, once they start playing, many are disappointed to see that the system they are so used to doesn’t exist here. There are just as many fans as there are detractors of the betting pools. In some reviews, players expressed their satisfaction for having the chance to win €10 million. At the same time, there are disgruntled clients who think that the odds are stacked against them.
The payment methods are universally accepted as sufficient and expected. As for customer support, some would’ve liked to have live chat on the list as well, given the originality of the betting pools. Everyone is vocal about the absence of promotions and the inadequacy of bonuses.
My experience and rating of Colossus Bets
When you don’t know what you’re getting into, there’s a good chance to be upset. I can definitely feel for those who were not happy with what Colossus Bets has to offer in terms of sports and bonuses. However, as betting pools go, their product is of superior quality and will more than satisfy the fans of the genre. You need to accept the fact that variance is a big factor here and it can take a while until you strike it rich.
Once players make sure that they can stay solvent more than the markets can stay unpredictable the problem is solved. This doesn’t excuse the absence of bonuses and the shallowness of the introductory offer. I would’ve liked to see more sports on the list, but I guess that there are not enough like me. All in all, Colossus Bets is the kind of hate it or love it gambling operator. I’m reluctant to recommend it to a broad audience, but I’m more than happy to give it a review score of 8 out of 10.