Frequently Asked Questions

  • QWhat is Colossus Bets?
    A Colossus Bets offers pool betting games which require you to select the results (both exact scores and outcomes) of sporting events. Amounts staked will be placed into Colossus Bets pools and winning players will share the relevant pool proceeds.

    Colossus Bets offers minimum guaranteed prizes on all pools which ensures that winners have the chance to win a significant payout whatever the total amounts staked.

    Colossus Bets offers more than just pool betting games. At certain times during a pool (for example, after one of the selected matches has finished), you may be offered the chance to 'Cash Out' any 'live' tickets (in full or in part) by selling them back to Colossus Bets through a unique Cash Out process. When you Cash Out, you will be paid the Cash Out value and you will bank this regardless of what happens in the remaining legs of the bet. If you Cash Out a part of your ticket, you will bank the Cashed Out value for that part and for the part of the ticket you choose not to Cash Out, you still have a chance to win a corresponding share of the prize funds for the pool if your ticket is successful in the remaining legs.

  • QHow do I Open a Colossus Bets Account?
    A You can create an account with Colossus Bets by one of the following ways:

    • clicking directly here
    • go to our homepage www.colossusbets.com and click on "Create New Account" on the right hand side.

    Either way you will be directed to a registration page where you need to input your personal details as well as choosing a secure username and password, which you will need to log-in to your account.

    Please note that your username cannot be changed at a later stage. You may also insert a bonus or referral code during the account registration process and will be asked to confirm your agreement with our Terms of Play before your account is opened.

    Once you have done this your account will be active instantly and you can log-in to your account using your username and password.

  • QWhat is Other Home, Other Draw and Other Away?
    A These acronyms stand for ‘Other Home’, ‘Other Draw’ and ‘Other Away’. To remove the need for players to have to pick unlikely scores, these scores have been grouped together into ‘Other’ brackets. ‘Other Home’ covers the home team winning by any score other than the ones specifically listed (for example, 4-0, 4-1, 5-3 etc); ‘Other Away’ covers the away team winning by any score other than the ones listed (for example, 0-4, 1-4, 3-5 etc) and ‘Other Draw’ covers draws other than 0-0 and 1-1 (for example, 2-2, 3-3 etc).
  • QWhat happens if nobody wins a pool?
    A If any pool is not won, then the stakes held in that pool will carry forward into the next game (and so on indefinitely). Amounts that carry forward are known as 'rollovers'. Where possible, rollovers will carry forward to the next equivalent series of matches. For example, a rollover on a Premier League pool will generally be carried over onto the next series of Premier League matches.
  • QWhat does the Guarantee mean?
    A To ensure that a significant prize is always on offer to Players regardless of the amount collected by way of stakes, guaranteed prize funds are offered. A guarantee ensures a minimum amount that will be available to winners of that pool regardless of the amounts staked. Note that the guarantee is just the minimum amount that will be paid out to winners and if stakes bet into the pool (after deductions) exceed the guarantee, then the amount available to be won will be greater than the guarantee.
  • QWhen Can I Bet?
    A You can bet at any time after a pool is loaded on the site up until the scheduled kick-off of the first match in the pool.
  • QWhat is 'Cash-Out'?
    A At certain times, Colossus Bets will make an offer to buy any tickets from you which contain at least one potentially winning line (a ‘live’ ticket). This will typically happen after the conclusion of one of the matches in a pool and before the start of the next match as well as at half-times. If you choose to Cash Out some of your live ticket then you will receive the offered amount for that proportion of your bet and you will keep that amount regardless of the eventual outcome of your bet. However, if the bet wins, you will now no longer be entitled to the winnings for the proportion of the bet that you Cashed Out.

    For example, assume that you managed to correctly predict the correct scores in the first four matches in a Pick 6 pool and you receive a Cash Out offer of £5,000 for your live ticket. If you accept this offer, then £5,000 will be credited to your player account but you will no longer be entitled to any winnings from the ticket should it eventually win. Nor will you be entitled to participate in any Bonus leg.

    However, you can choose to sell a part of the ticket instead. For example, if you sell 50% of this ticket, £2,500 will be credited to your account and will retain 50% of the rights to any winnings from the ticket when the pool is concluded. Of course, you can always choose not to Cash Out any of your ticket in which case you will still be entitled to any winnings due in full from the ticket.

  • QWhen can I Cash-Out?
    A You will be able to Cash Out your bet between the end of one match in a pool and the start of the next one. You may also be offered a Cash Out opportunity at half time in selected matches.
  • QHow much can I stake per line?
    A Each game will have a default stake per line, usually £2 (for GBP/Sterling players), €2 (for Euro players), or the currency equivalent for players betting in other currencies. The default stake is also known as the ‘Unit Stake’. The default/unit stake for a game is auto displayed the 'Stake' box at the top of each coupon.

    You can however play with a lower or ‘fractional’ stake per line, all the way down to 20p (or €0.20 or the currency equivalent). When you use a lower stake per line than the unit stake, the prizes you are playing for change by the same ratio. For example, if you used a 50 pence per line stake in the £10,000,000 Colossus then as 50p is a quarter of the £2 default unit stake, the maximum prize you could win is £2,500,000.

  • QWhat do the colours in the selections on my Tickets page mean?
    A The selections in a ticket may be unshaded, or coloured green or red.

    - An unshaded selection is one which is unresolved (for example the relevant match has not yet begun, or is in-play).

    - Green means a winning selection (for example a correct score prediction or a correct Home/Draw/Away prediction in a 1x2 pool).

    - Red means a losing selection.
  • QWhat is Smart Pick?
    A If you want some help in making your selections, the Smart Pick option will generate a suggested ticket for you. Smart Pick selections are chosen randomly from amongst the more likely outcomes – in other words Smart Pick will not choose a series of very unlikely results for you.

    To use the Smart Pick option, click on the dice icon at the top left hand side of the betting coupon and decide what you wish to spend from the drop down menu. If you are happy with the suggested ticket which is presented to you, click on the ‘Proceed’ button to place your bet. If you are not happy with the suggested ticket presented to you by Smart Pick, you can clear the selections from the betting coupon by clicking on the ‘clear’ icon at the top of the coupon, or you can alter the selections which have been presented to you by clicking on them individually, before placing your bet.

  • QHow can I track the progress of my bet(s)?
    A Clicking the ‘Tickets’ tab near the top of the site will take you to a page showing all your tickets into the currently running or soon to run pools, as well as a history of your tickets from older pools.

    All pools that are ‘running’ have a ‘Pool History’ (showing the number of tickets left at various stages, as goals are scored and results confirmed) and a ‘Unit Distribution’ table. The Unit Distribution table displays the distribution of all ‘live’ tickets amongst the selections in each remaining legs of the pool.

    Please note that if your bets are made in a currency other than GBP/Sterling, data such as Pool History, Unit Distribution and Winning Tickets, are displayed on the site in Sterling values. This means that for example, if you place a bet in Euro, subject to currency conversion values, your bet is likely to appear as either less or more than a Sterling unit in the relevant pool.

  • QHow much will I win if I get all the results correct on my ticket?
    A The amount you could win if you correctly predict the result of each leg in a pool, depends on the size of the prize pools and the number of other tickets that have selected the same result(s).

    Worked Example:

    Your ticket is live into the final leg of a Pick 4 correct score pool, which has a Jackpot of £30,000. You have selected 2-0 in the final leg and have played for a £2 full unit per line. The Unit Distribution table shows that there are 5 tickets remaining that have selected 2-0. The amount you will win if the result is 2-0 is the total Jackpot divided by the number of winning tickets (£30,000/5) = £6,000.

    Prior to the final leg, it is only possible to work out an approximate value for your potential win. This is because although the Unit Distribution table shows all live tickets, before the result of the penultimate leg is confirmed, it is not possible to know specifically how many tickets will be live on each selection in the final leg.

  • QHow is my Cash-Out Offer generated?
    A Offers are calculated using an automated formula which considers two factors:

    1. How much you are playing for, which depends on:

    - The total pool prize fund.

    - The unit stake per line in your ticket. For example if you have played a pool for £2 per line you will be playing in a ‘full unit stake’ so are playing for the full pool Jackpot amount, whereas if you have played for a lesser stake per line (50p, for example) you will be playing for a proportionally reduced prize (25% of the pool Jackpot, for example).

    - Whether if all your predictions are correct you will win alone or there will be multiple winning tickets sharing the prize fund.

    - Whether you have Cashed Out any of your ticket or whether you still own 100% of the ticket.


    2. How likely your ticket is to win, for which the following improve your chances:

    - Having few leg(s) remaining – the closer you are to the conclusion of the pool the better.

    - Having multiple selection in forthcoming leg(s).

    - Having more likely selection(s) in forthcoming leg(s). For example Chelsea 2 - 0 Stoke is generally going to be a more probable score than Chelsea 0 - 3 Stoke.
  • QWhat are the Consolation pools and Bonus pools?
    A Certain pools offer a series of Consolation prize funds. For example in the £10,000,000 'Colossus', there is a Consolation prize fund which will be shared by players who have a line with six correct scores out of seven and a separate Consolation fund for players who get five correct out of seven. Consolation prize funds are advertised in the header for relevant pools.

    Some pools also include a Bonus prize fund and again this is advertised in the header for relevant pools. For example, in the £10,000,000 Colossus, players who win the Jackpot pool (and who have not Cashed Out the winning ticket in full) get a free pick to win up to £5,000,000, in addition to any Jackpot prize winnings. To win the Bonus leg in any of our soccer pools, Jackpot winning players have to predict the correct score in the Bonus leg match the following week.