Colossus Bets, founded by CEO Bernard Marantelli and Zeldjko Ranogajec in 2012 is based in the UK. The bookmaker offers a pool-based betting system and has modernized it by incorporating modern betting features such as cash out and syndicates, as well as offering huge jackpots.
Colossus Bets is licensed and regulated in Great Britain by the Gambling Commission under account number 31514. The bookmaker got its Pool Betting licence on the 11th of September 2012 and Gambling Software license on the 4th of March 2015.
You can visit the website through this link www.colossusbets.com, but bear in mind if you’re from the United States or France or Italy or Germany, you cannot sign up as these are some of the countries where users are restricted from joining the website.
Design and Layout
The Colossus Bets website colours are orange and white, when you load the page, on the top you will see a different kind of tabs which are Promotions, Winners, Responsible Gambling, Blog and Help. These tabs will come in handy if you are a new user to get an idea of how the website works.
Below this is where all the action is, you are now at the home screen, you also have a sports screen where you can place bets on different kinds of sports like football, basketball, darts and tennis. Moreover, next to the sports section there is a racing section where bets like horse racing and greyhound racing take place. Next to the racing section is the syndicates tab and this is where you can view, join or create new syndicates.
If you wish to download the application visit either the app store or the play store and type in “Colossus Bets” and click download to keep track of your bets or pool dividends wherever you are.
Services and Live
What makes Colossus Bets different from its competitors is the style of the bets, and by that, I mean the pool betting system. The pool betting system is a unique experience, so what happens is Colossus Bets provides you with a list of betting outcomes on selected fixtures and you should pick the outcomes of the sporting events. The bet you have placed will be added to the pool and the winnings will be shared among the players.
Unlike most gambling websites, Colossus Bets does not have a casino section. The website focuses only on sports betting like basketball, football, tennis, darts, horse racing, greyhound racing and more.
Live line
Colossus Bets don’t offer live betting options yet. However, once you have selected your pool bets, you can still check your bets live and maybe use the cash-out feature, where the bookmaker offers you part of your winnings until the current game is concluded in your favourable outcome.
Unfortunately, you can’t watch the games you have placed bets on, as Colossus Bets doesn’t have the live streaming feature.
Freebies, Bonuses and promotions
When you open an account at Colossus Bets they will welcome you with a new player bonus, what they will do is match the value of your first 72 hours of play in bonus funds up to $100. They will also offer you a rewarding program whereby you refer friends to join the website. This system is known as “RAF” which is short for referring to a friend. So what happens after you refer a friend to sign up? When your friend signs up and deposits $10 you will receive $10 in your account.
Colossus gives 12 months from the award date for RAF FreePlays a. Referring friends is unlimited.
How do you get FreePlays? Sometimes Colossus Bets feels generous so make sure you’re singing infrequently to not miss out on the offer. They also run social media competitions through which you can earn Freeplay tokens.
Finally, Colossus Bets offers a loyalty program. Simply place at least $5, minimum every week and you will receive a FreePlay token on Monday. The loyalty program is divided into three tiers Bronze, Silver and Gold.
Support service
Customer care is an integral part of any business, Colossus Bets performs at its best to provide the best service to its users. If you have trouble finding answers you can always go to “Colossus Help” where you can find FAQ and basic information. Moreover, you can speak with them via live chat and they typically reply in under a minute.
There’s also an email where you can contact them if you cannot find answers in the FAQ. More importantly, if there’s an emergency you need to resolve as quickly as you can, you can call them every day from 8 am to 10 pm.
Registration
If you wish to register at Colossus Bets make sure to check if you can register from your home country. Some of the countries which are restricted are The United States of America, Italy, France, Portugal, Switzerland and much more.
To register you have to submit a valid email address. Now, by having a valid email address you can sign up but cannot deposit funds unless you verify your account. To verify you need to upload one of these three documents: Passport, National ID card or Driving Licence. You also need to provide proof of address, and you can do that by uploading one of the following: Utility Bill, Bank Statement (any sensitive information can be blocked out) or Driving License (if not provided for identification verification).
Financial Information
Deposits with Credit Cards, American Express and Diners are not accepted at Colossus Bets. However, you can deposit by using Visa Electron, Visa Debit, Maestro and MasterCard Debit and the minimum amount that you can deposit with the mentioned cards is $5 and the waiting period for depositing is instant. Withdrawals usually take from 1 to 2 working days.
You can use Paypal to deposit, but it is available only to UK and Irish customers. The minimum amount to deposit and withdraw with the PayPal card is $10. Deposits are instant and withdrawals usually take 24 hours.
You may also wish to deposit by Skrill, Neteller or Trustly. The minimum amounts to deposit and withdraw are 10$ and the depositing process is instant and withdrawals will take up to 24 hours.
You can use Paysafecard too but bear in mind that it is only available to UK, Irish, Austrian, German and Dutch customers.
Bank transfers are also an option when it comes to depositing and withdrawing amounts to and from your account. Bank transfer is the only deposit method that is not instant since the wait time is up to 3 business days, whereas withdrawals take 3 to 5 working days.
The accepted currencies are the Pound Sterling, Euro and Dollars.
Winnings are tax-free in the UK.
Reliability, Integrity and Safety
Betting Enthusiasts like the website because it offers a different betting method than the market, with the pool bets and syndicates. Year after year the bookmaker adds new pools to place bets and recently added Esports and is featuring CSGO, DOTA 2 and League of Legends.
Colossus Bets is a trusted website since it is licensed and encrypted and more importantly, it has several partners, including Betfair, Betdaq, Boylesports and Matchbook.
What does the site not have?
Colossus Bets has come a long way by improving the site year after year. They added 24/7 customer support by adding a live chat feature, they added the Esports section which they didn’t offer earlier, a lot of changes are happening on the website as they try to improve.
We strongly recommend the bookmaker introduce live streams since they already offer live cash-outs. Bettors can make better decisions by actually seeing how their teams are performing.
The site also does not encourage deposits via Cryptocurrencies.
We suggest the bookmaker add a Crypto deposit option since crypto is the future.
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