Colossalbet Review (December 2024)

Colossal Bet was founded in 2020 and is a dynamic betting platform with a user-friendly website available at colossalbet.com.au. Onlyracing.com.au is here to bring you a full overview of what they have to offer for racing punters. Firstly, I like that they offer a dedicated mobile app that is compatible with both Apple and Android devices, ensuring I can bet on the go at any time. 

Colossalbet operates under the regulation and licensing of Racing NSW and Liquor and Gaming NSW and is owned by Ryman Racing Pty Ltd. The site boasts a range of features, including a mobile app, promotional offers, live chat support, cash-out options, Jockey Challenge, racing tips, a blog and a Bookmaker Card.

During this Colossalbet review, I found they provide various deposit methods, including credit/debit cards as well such as PayID, Cash-In and Bank Transfer Notification, making it convenient for me to fund my account with a number of options. Meanwhile, for withdrawals, Bank Transfer is the available method. 

Based in New South Wales, with an address, Colossal Bet offers a comprehensive betting experience for racing enthusiasts. You can reach their customer support team via phone at (02) 7202 7462 or for live betting inquiries at (02) 7908 6250. They also offer live chat support and can be reached via email at support@colossalbet.com.au. 

🐴Betting Offerings - 8/10

They boast a comprehensive selection of racing markets with the traditional fixed and place bets, as well as a variety of exotic markets. It’s also possible to use same race multi on the app but not the website.

💳Banking Options - 9/10

Colossalbet provides its customers with a range of standard deposit and withdrawal choices, which includes PayID, bank transfers and credit/debit card transactions. These banking alternatives should cater to the needs of most, myself included.

📱Mobile Experience - 9/10

I believe that their mobile product stands out due to its simplicity and fast loading speed when I was navigating different markets. Once you become familiar with navigating the app, you'll discover that it offers a user-friendly and enjoyable experience overall like I did, in my opinion.

💸​Withdraw Speed - 9/10

Their withdrawal process aligns with that of other Australian bookmakers. They efficiently handle bank transfers, ensuring that you'll have your funds available in your account within a span of just a few business days.

🧩Overall User Experience - 8/10

The Colossalbet website and apps offer a user-friendly experience with a consistent design. I also like their unique betting features, such as “The Vault” and “Price Pumps”. With a blog, cash out, racing tips and more, I think they’re pretty underrated in the Australian betting space.

📧Customer Support - 7/10

Customer support is available with Colossalbet if you ever run into any issues. Live chat is available and you can also fill out a form on their platform for a representative to get in touch with you. The customer support team is available 8am to 9pm every day and I found they are pretty quick to get back to you, especially through live chat.

🔒Security - 10/10

Colossalbet Australia offers a secure betting platform and they’re fully regulated by Racing NSW, ensuring that I can place bets without any security concerns.

When it comes to horse racing betting, I've found some key characteristics that make it a thrilling experience at this horse racing betting site.

Firstly, this site offers a wide variety of horse races from around the world. From prestigious events like the Melbourne Cup to local meets, there's always something exciting to bet on. They also provide detailed information about each race, including the horses, jockeys, track conditions, tips and past performance records.

This helps me make informed betting decisions. I love the array of betting options available. It's not just about picking the winning horse; I can bet on place, exacta, trifecta and more. The flexibility keeps things interesting.

Many horse racing betting sites offer live streaming of races. This is a game-changer because I can watch the race unfold in real-time while placing my bets. But unfortunately, it’s not possible to watch the races at this site. Of course, it’s important to note that most smaller sites can’t afford the costs of live streaming so it’s hard to be critical of them in this aspect.

However, I think they make up for it by having special promotions tied to major races or daily bonuses for horse racing enthusiasts. It's a nice way to get some extra value. I appreciate the expert analysis and tips provided by the site as well. It helps me gain insights into the races and make more informed bets.

Horse racing sites usually have betting apps or mobile-optimised websites, making it convenient to bet on the go. Whether I'm at the track or watching from home, I can easily place my bets. It’s also the case at this site and I enjoyed using their Colossal bet app for betting on the Group one races in Australia or overseas.

Some sites offer in-play or live betting, allowing me to adjust my bets as the race progresses. It adds an extra layer of excitement, in my experience. While it’s not possible to do this at this site, I’m sure they’re working on something in the background.

Overall, the combination of information, variety and excitement keeps me coming back for more action at the track when I’m using Colossal bet!

This Colossalbet review will continue with a look at what it’s like to use their mobile app for horse racing betting.

In my opinion, I think that the Colossalbet app is designed with simplicity in mind. It's easy to navigate and I can quickly find the races, horses and betting options I'm interested in. With the app, I can place bets from anywhere at any time. Whether I'm at the track, at home, or on the go, I have the convenience of betting right from my mobile device.

The app provides real-time updates on race results, odds and changes. It keeps me in the loop and allows me to make quick decisions, especially during peak Horse racing carnivals. I love getting push notifications about upcoming races, promotions and results. It keeps me engaged and informed. The app ensures that my financial transactions are secure. It's essential for peace of mind when depositing and withdrawing funds.

While there’s no access to special mobile-only bonuses and promotions, they offer the same features as the desktop website anyway. I also thought that managing my bet slip was a breeze. I could easily add, remove, or modify bets with a few taps. The app often supports Colossalbet login methods like pin code login, making it even more convenient to access my account securely.

Overall, a great mobile app for horse racing betting enhances the entire experience. It's like having a personal racetrack companion in my pocket, always ready for some thrilling betting action!

When it comes to the products and features at this horse racing betting site, here are the key characteristics that I found most appealing:

The Vault

In The Vault, I gain access to a wide range of innovative betting features, including Colossal IQ, Price Pumps, Back a Winner, The Daily Lay and the Money Back Special. These features are designed to provide a unique and engaging betting experience, allowing me to potentially enhance their winnings.

Racing Specials

In the Racing Specials section, they offer daily Price Pumps and Boosts, presenting me with the opportunity to maximise my returns on select races. This daily promotion adds an extra layer of excitement to the betting experience, in my opinion.

Jockey Challenge

The Jockey Challenge is another exciting option, in my view. This feature allows you to bet on jockeys who are vying to secure the most wins in their races. Available on most days at top tracks, the Jockey Challenge offers an engaging way to follow and bet on your favourite jockeys as they strive for victory.

Racing Tips

They also provide users with expert racing tips for the majority of races, making it easier for us punters to make informed choices. These free horse racing tips include concise descriptions of the top favourites and their current form. I feel this gives me valuable insights into the horses' performances and potential outcomes. Typically, they offer four top picks and this can be useful for making a trifecta or first four if you don’t wanna think about what to bet on.

When it comes to the Horse racing markets at this site, here are the key characteristics that I thought were useful.

I love having access to a variety of race types, from Thoroughbreds, Greyhounds and Harness racing. It just keeps things interesting, in my opinion. The best sites offer horse races from around the world and that was the case at this site.

From major international events to local races, I enjoy having options and it was pleasing to see at this bookie. A great site provides a wide range of betting options as well in my experience. Whether I want to bet on the winner, place, exacta, trifecta, or same race multi, I like having choices. I also thought they did a good job in this area too.

The ability to place bets well in advance of a race is a plus. It allows me to take advantage of early odds and plan my bets strategically. I noticed they have a good variety of future markets, such as I could start betting on the Melbourne Cup in January if I really wanted to.

Getting the best odds is crucial too as you stand to earn more profit over time. I appreciate sites that offer competitive odds to maximise my potential winnings. In my view, the odds weren’t overly great for favourites but they usually had higher prices for roughies, which should suffice most.

Access to comprehensive race information is another key consideration in my book. I like to read through horse profiles, jockey stats and track conditions as it helps me make informed bets. In my experience, they offered a very good form guide and there was also a speedmap for most races, which was nice. You just have to select the toggle option on the betting market page.

A variety of payment methods for deposits and withdrawals is essential for convenience and flexibility too. I noticed they had more deposit options then most sites out there, which was nice. However, they only offered a single withdrawal option. But in saying that, most smaller sites only offer a bank transfer option anyway so this shouldn’t be an issue.

Overall, horse racing betting at this site was enjoyable and engaging. I felt I could tailor my betting experience to suit my preferences and strategies.

Bonuses and promotions at a horse racing betting site can greatly enhance the betting experience and provide added value to customers. Here’s a look at how this site stacks up against the competition.

A good horse racing betting site should offer a variety of promotions, including welcome bonuses for new customers, ongoing promotions for loyal punters and special event-specific offers. Overall, I thought they had an excellent range of promos every day and it’s also accessible in what they call “The Vault”

Betting sites frequently run promotions tied to major horse racing events or seasons. These promotions may include bonuses, free bets, or exclusive betting offers. During your betting journey at this site, you’ll be presented with daily promotions/bonuses and tips.

Price pumps are a common promotion at this site too. They usually allow you to boost the odds on a selected race and it also includes multi-betting price boosts, which was nice to see.

Signing up with Colossalbet Australia is a straightforward process and I'll guide you through it step by step:

1. Visit the Colossalbet Website: Open your web browser and go to the official Colossal bet website. You can do this by typing "Colossalbet" into your search engine or by entering the website's URL directly.
2. Locate the Join Button: Once you're on the homepage, look for a prominent button that says “Join”. This button is usually located in the top right corner of the website.
   
   
3. Complete the Registration Form: You will be directed to a registration form that you need to fill out. The form typically requires you to provide the following information:
    - Personal Details: Full name, date of birth, gender, etc.
    - Contact Information: Email address, phone number and address.
    - Account Details: Create a username and password for your Colossalbet account. Make sure it meets the security requirements.
   
   
4. Enter Verification Details: You may be asked to provide additional details for verification purposes, such as your identification document number, depending on your location and the site's policies.
   
   
5. Agree to Terms and Conditions: Carefully read and accept Colossalbet's terms and conditions, including their privacy policy and responsible gambling guidelines. It's essential to understand the rules and regulations of the platform.
   
   
6. Complete CAPTCHA: Sometimes, websites require you to complete a CAPTCHA challenge to confirm that you're not a robot.
   
   
7. Submit Your Registration: After filling out the registration form and agreeing to the terms, click the "Submit" or "Register" button to create your account.
   
   
8. Verify Your Email: Colossalbet may send a verification email to the address you provided during registration. Open your email inbox and click on the verification link or follow the instructions to verify your account.
   
   
9. Make Your First Deposit: Once your account is verified, you can log in to your account. To start betting, you'll need to make your first deposit using one of the available payment methods.

Congratulations! You've successfully signed up and can now explore their betting options, Colossalbet promotions and enjoy the excitement of online betting. Remember to gamble responsibly and within your means.

The main characteristics of banking options for Colossalbet reviews usually encompass the financial aspects related to depositing, withdrawing and managing funds for betting on horse races. Here’s a quick look at how it works.

How to Deposit

A horse racing betting site typically offers various deposit methods, including credit and debit cards, e-wallets, bank transfers, prepaid cards and sometimes even cryptocurrency options. Users can choose the method that best suits their preferences and convenience. At this site, you’ll find a good range of options from debit card to PayID. I felt they had a good variety compared to other sites.

There is usually a minimum deposit requirement, specifying the lowest amount of money users need to deposit to fund their betting accounts. This requirement varies depending on the chosen payment method and it was pretty low at this site.

Deposits made to the betting site are processed within a certain timeframe, allowing me to access their funds and place bets promptly. Processing times can vary based on the selected deposit method but if you use the credit / debit card option, it will instantly fund your account.

Some deposit methods may be subject to fees or charges. But I didn’t experience any extra charges, which is always nice.

How to Withdraw

When users win bets and wish to withdraw their winnings, the betting site provides various withdrawal options. These can include bank transfers, e-wallets, checks, or other secure methods. But at this site, you’ll only be able to use a bank transfer.

Betting sites often impose withdrawal limits, indicating the minimum and maximum amounts that can be withdrawn in a single transaction too. The minimum amount at this site was acceptable and I don’t think anyone will have an issue.

The time it takes to process withdrawals can vary significantly based on the selected method, in my experience. Some methods offer faster withdrawals, while others may take several business days or even longer. Since they’re using a bank transfer, it will usually take a few business days but it’s generally pretty quick.

I think that understanding the characteristics of banking options at a horse racing betting site is essential for a smooth and secure betting experience. So hopefully, I’ve helped you out.

Quick response time is crucial when it comes to betting online, in my opion. I believe that you should receive prompt assistance, whether through live chat, email or phone support. Fast responses help resolve issues and inquiries efficiently.

At this site, I noticed they did a good job of offering plenty of different contact methods. I liked that they had multiple phone numbers because some sites have decided to remove this feature and focus more on live chat.

Speaking of live chat, it’s arguably the highlight of their customer service. They were able to answer questions, provide insights and offer solutions effectively. The agents also maintained a friendly and professional aspect when interacting with me. Politeness and courtesy go a long way in creating a positive experience and I thought they did a great job.

The main characteristics of odds and margin for a horse racing betting site are crucial factors that influence a bettor's experience and potential profitability. Here’s how it works at this site.

Firstly, the odds for each horse in a race are displayed alongside their respective names. I can easily compare odds to determine the potential return on their bets. Odds can change in real-time leading up to a race, reflecting shifts in betting patterns and horse performance.

I think that live odds and updates allow users to make informed betting decisions. Overall, I thought their odds could be better for favourites but they were favourable for most outsiders, usually above around $5.

Margin represents the bookmaker's built-in profit margin within the odds. It is the percentage by which the total implied probabilities of all possible outcomes exceed 100%. A lower margin indicates better value for punters. Reputable horse racing betting sites strive to offer competitive odds to attract and retain customers.

Sites with lower margins often provide better value to punters and I think they did a good job in this area. They also may provide early prices or ante-post odds for upcoming races. These odds are available well in advance of the race day, allowing me to secure potentially higher payouts.

There are certainly bookies out there that are more well-known than Colossalbet, but this bookie has some awesome products and features that are worth your time. The team works around the clock to provide a great betting experience that is as seamless as possible.

They have a massive range of markets available and their odds are decent enough. They also offer a blog, which is something that not many other bookies do. If you're on the hunt for a new bookie to try out, then I would certainly recommend Colossalbet.