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History of Colossus Bets in the Global Gambling Arena

Author: Daria Kordyukova
22 July 2021, 16:43
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Votes: 1

Sport is not only for athletes, fans can be a part of the competition, too. Following the latest betting news, the bookmakers were especially popular during Euro 2020. Read below to find if Colossus Bets is perfect for you.

History of Colossus Bets in the Global Gambling Arena

Colossus Bets is the British representative in the sports betting industry. This company differs in its reliability and experience. The bookmaker was founded by Bernard Marantelli, Zeljko Ranogajec in 2012. A pool-based system makes it even easier for football fans to place bets. They can pick the outcomes or scores of any event and win jackpots. Customers can find all the information and details on the official website. Here you can see the predictions for matches and much more.

According to the official website of the operator, there was more than £120M in prizes and cashouts for all the time in the market. Colossus Bets has customers from over 100 countries around the world. The jackpots are available in over 30 currencies and 25 languages. It is this diversity of options in different areas that make this operator so popular.

August 2017 became the date of the start of the partnership with 54 British racecourses to supply betting pools. Pool betting on horse racing was great hope for a bright future for the company. But in May 2018, after some articles about Zeljko Ranogajec and his activity of backing the company as John Wilson, the arrangement of 54 racecourses with Colossus Bets was canceled.

For the present time, Colossus Bets pools are integrated into a number of operator partners:

  • Bet365;
  • Betway;
  • E-Stave;
  • Bingoal.

You also can check our article about mobile Bet365 to know more about the industry.

Platform partners:

  • A Bet A;
  • Storm Gaming Technology.

The global B2B network includes Betfair, Betway Africa, Mr Green, and Paf.

Since 2017 Syndicates of Colossus started their work. The group betting product has allowed users to share their wins. The bookmaker always cares about users, and every year there’re updates for most comfortable use.

The only multi-sport pools provider in the UK offers to make bets on:

  • horse racing;
  • greyhound racing;
  • American football;
  • ice hockey;
  • basketball;
  • darts.

Read about betting on horse racing on the official Login Casino website to become an advanced gambler.

colossus betting

Colossus Bets during the pandemic year

During this time, sports events were not allowed to be hosted because of the lockdown around the world. It could be the first step to the bankruptcy of the operator. This company doesn’t have any casino or poker room, the only way to keep the operator alive is sports betting.

But David O’Reilly said how they found a way from this crisis. There was just C and D-list content: Swedish trotting, esports, and Belarus football. These products were keeping the company alive while it was nothing to bet on. However, it still can’t compete with Champions League and Premier League football.

 colossus bets

* mln. USD

Colossus Bets in the esports industry

On May 20, 2021, Esports Technologies announced a patent license agreement with Colossus Bets. This agreement gives Esports Technologies a license for the bigger part of Colossus’ cash-out patent portfolio for esports apps. Now Esports Technologies can improve its cash-out solutions for all of its products. That’s how Colossus Bets cash-out options help different companies to develop their payment processes.

Patents:

  • U.S. patents;
  • Australian patents;
  • Japanese patents;
  • South Korean patents;
  • Singaporean patents;
  • Philippine patent;
  • South African patent;
  • Nigerian patent.

According to Bart Barden, Esports Technologies Chief Operating Officer, the company believe that this license with Colossus Bets will let the industry-leading cash-out technology arrive, finally. It will be not only in free-to-play format but in a real money format. Esports Technology is ready to become the best esports offering in the market.

How to use Colossus betting

Before you start to win and cheer yourself up with a win of your favorite team, you have to sign up.

The registration process needs some identifying information (personal documents to prove the personality). Right after the signing up will be successful, you can deposit funds into Colossus Bets’ account. You may get an email from the bookmaker, where you have to provide the documents that prove evidence of permanent income from the place of work.

Customers are allowed to use a variety of deposit options. However, the minimal deposit fee is £10 for all options. But users can also set deposit limits. There are no deposit fees are charged.

The safety system of Colossus Betting is one of the strongest ones on the market.

Before you deposit funds into your account, you must upload personal documents for verification. It will be photo identification and proof of address documents. Without identity verification, it will be impossible to deposit funds or bet on any market.

colossus bet

The most popular kind of deposits on Colossus Bets are PayPal and Fast Bank Transfer. There are also a few deposit options like Skrill, Neteller, and Trustly.

If the sum of withdrawal is more than £10 000, it would be better to withdrawn funds via Fast Bank Transfer. It may take about 5 working days.

You can also read how to get a no deposit bonus code 2021 to use the best offers from online casinos.

Unfortunately for many users, there’s no in-play and live betting options. However, if you are Captain, you should watch the placed bets. A cash-out option will be available if you feel it’s time to do it.

From 2019 users are able to watch live streaming of greyhound races. Each customer can do this from the verified Colossus account.  

What do customers get right after signing up?

A 100% bonus of up to £100, on the first 72 hours of playing is waiting for every upcoming user.

Customers have 12 months of being credited until bonus funds expire. This bonus can be used as a fund for any bet on the bookmakers.

Such bonuses and offerings may be changed in a matter of time.

Colossus Bet’s promotions and offers

Promotion of Colossus Bet is a very customized system, which gives a profit for everyone who takes part in it.

Promotional offers at the present time:

  • Customers can win a FreePlay token, by mentioning Colossus Bets to friends.
  • After the welcomed person’s verification, both will receive £10 in the Colossus account.

Moreover, there’s an option to get FreePlay rewards every Monday, if a weekly bet is £5.

  • Customers and their friends can get £10 by using PAF Code (Refer a Friend Code). A loyalty system also lets users win FreePlay rewards every Monday. Provided, that every week there will be a bet not less than £5.

Loyalty Tiers

FreePlay rewards for each of the Tiers

1 Tier

Bronze

spend falls from £5 to £24.99

Flexible 4-line 20p FreePlay

2 Tier

Silver

spend falls from £25 to £74.99

Flexible 4-line 50p FreePlay

3 Tier

Gold

spend falls more than £75

Flexible 6-line £1 FreePlay

However, only Solo and Syndicate contributions count towards this promotional offer. Funs that will be contributed as a Syndicate Captain into the customer’s Syndicate won’t be counted.

A pre-match offer is another Colossus Bets offer for its customers.

what is colossus bets

What is this offer about?

  • It’s a betting system on a pool base. Here users can pick the outcomes and scores of sporting events and win jackpots.
  • There’re 6 kinds of sport (football, NBA, ice hockey, darts, greyhound racing, and horse racing).
  • Customers can also choose to go Solo by joining a Syndicate or become a Syndicate Captain by creating the Syndicate.

The “Solo” option means that customers will make their own predictions for any betting market that is based on the pool. The customers also will have to choose not only the stake but the number of lines for placing a stake.

There’s also an option to choose several lines (Multiple Lines) for a betting market on a pool base. But it may change the ticket price. Moreover, if the selection leads to the victory, the customer will receive a share of the pooled jackpot amount. A reward is still going to the customer, no matter what.

“Syndicate” is also an advantaged option. There’s an opportunity to use the knowledge of members of the Syndicate. The customers also can share tickets on social media and be a part of the team. A chance to win a jackpot by joining a Syndicate with a big-ticket is much bigger.  

50% of a Syndicate is allowed to purchase for the user. However, the first stake will return to all punters and the Syndicate will be voided if the Syndicate isn’t crowdfunded by at least 90%.

A Captain of Syndicate needs to buy not less than 10% of a Syndicate. No matter if a customer.

What are OH, OD, and OA, and how does it help to win?

OH

“Other Home”

OH covers the home team winning by any score other than the ones specifically listed (4:0; 5:3).

OD

“Other Draw”

OD covers draws other than 0-0 and 1-1 (2:2; 4:4).

OA

“Other Away”

OA covers the away team winning by any score other than the ones listed (0:4; 3:5).

Security and withdrawal of money

Customers can withdrawal money by cash out. Its advantage is an opportunity to incomplete winning on the bet that has been placed. Moreover, this way of making cash out is available to Solo players and Syndicate Captains. But only a Captain can control the cash-out process.

Offer to cash out will be sent to the customer when there are no in-play games or races in the betting pool.

The issue of security is always one of the main ones. Colossus bets guarantee full protection from breaking into accounts or withdrawal of money without the owner of the account knowing it. This operator is totally regulated by the United Kingdom Gambling Commission.

There’s also a feature of the responsible gambling section. Each user can get access to this option on the bookmaker’s website.

colossus bets

For those who are worried about uncontrolled spending money, Colossus Bets offers to set deposit limits. The customer is always able to time out of the platform for 1, 7, and 30 days.

It’s important to have an opportunity to set a betting restriction for the customer because it will keep only a positive impression without any regrets. This company insists only on safe entertainment. There’re also some protection restrictions for minors. The politics of the company also offers support for gambling addicts.

There’s always some risk to lose. Be careful and responsible for to money you have earned. Entertain yourself in a safe way.

Colossus Bets guarantees the lack of connection with the crime. Even in case of possible bankruptcy, they have money to pay.

Android or iOS?

Both Android and iOS users can use the Colossus Bets app. Users have noted the high-quality graphics and stylish design. This app doesn’t make you rely on a computer system. There’s also a super mobile-friendly website, which is used to bet on the go. It’s fast and comfortable.

What about limitations?

Colossus Bets is the proven operator that won the audience choice long ago. There aren’t just a lot of pros but also cons.

  • there’re no esports and specials odds;
  • no bet builder;
  • no in-play selection;
  • greyhound racing is the only live stream sport;
  • no 24/7 customer support;
  • no dedicated statistics section.

Read more: Top sports betting software providers

Read more: Betting on football tips

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Frequently asked questions

What is Colossus Bets?

Colossus Bets is a British pool-based bookmaker. Customers are allowed to bet on the results of sporting events.

How does Colossus Bets work?

Customers are guaranteed to get money prizes in selected pools. Winners get a payout whatever the total amounts staked.

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