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Colossalbet Review

Updated: 05/15/2024
Written by Chris Flavell Last time updated 05/15/2024
Great for horse racing bets Live betting odds Good betting app
Payment Methods
3.5
Based on deposits and withdrawals
There isn't a massive amount of payment options with Colossalbet but they do offer BPAY as well as credit/debit card and bank transfer. The chance to get a Colossalbet Mastercard to get your winning out as cash at an ATM or pay for items in-store is a big plus point.
Deposits (3 in total)
Min: $0
Min: $0
Min: $0
Withdrawals (3 in total)
Min: $5
Min: $5
Min: $0
Sports & Features
4
Overall sports and features provided
Colossalbet has a really good mix of racing and sport betting markets. You can easily switch between both online. All the most popular sports are catered for and the horse racing, harness racing and greyhound racing focus is impressive.
Sports
Horse racing Horse racing Cricket Cricket Soccer Soccer Golf Golf Basketball Basketball AFL AFL
Features
Bet Builder Politics bets Enhanced Odds Team Statistics
Security
4
Overall Security Rating
Colossalbet is a secure online bookmaker that has both password and pin security features. It has a license from Racing NSW and the NSW Office of Liquor, Gaming and Racing.
Licence
Player Protection
Support
4
Overall Customer Support Rating
There are plenty of support options at Colossalbet. Live chat, help page with popular FAQs, and telephone support mean this bookie scores highly in this regard.
Live Chat
Yes
Phone Number
Email
Impressions
4
Overall website impressions
colossalbet home images
colossalbet racing images
colossalbet sport images
Offer
Great Racing Bookie
Live Betting Available

Impressive racing and sport offering

Chris Flavell
Chris Flavell
AussieBet Editor
Colossalbet is a top new Australian bookie that impresses with its focus on horse racing and easy-to-navigate betting app. Popular sports markets and good customer service options mean this bookmaker is well-rounded for all types of punters.
Chris Flavell AussieBet Editor

Colossalbet Review – Excellent Horse Racing Bookie

Colossalbet is an impressive Australian bookmaker that excels in horse racing while offering plenty of other sports odds and markets.

In this review, I will tell you everything you need to know about betting with this bookie, the odds they offer, the number of markets, and general customer experience. I will also assess their betting app, payment options, and much more.

Colossalbet Pros
  • Excellent horse racing markets
  • Greyhound and harness betting
  • Good betting app
  • Lots of other sports markets
  • Live betting odds offered
Colossalbet Cons
  • No live streaming
  • Fewer banking methods

Colossalbet Australia Overview

colossalbet home images

Colossalbet is a new Aussie bookmaker that knows what punters want, especially those who love their racing like I do. This online bookie is from Ryman Racing Pty Ltd based at Royal Randwick Racecourse in Sydney.

This bookie makes betting quick and simple thanks to the way their markets are laid out on their desktop and mobile sites. I found it was easy to navigate between sports and individual race and match markets.

Punters can also get an excellent range of horse racing futures as well, with many different races covered many months in advance. I think it’s fair today that Colossalbet have quickly developed into one of Australia’s best betting sites.

As this review continues, I will be sure to delve deeper into the key aspects of this bookie. I will talk more about the horse racing offering, other sports, and give details about their betting app.

Horse Racing Betting with Colossalbet

colossalbet racing images

As I have already mentioned a few times already, it really is this bookmaker’s love of the races that helps them stand out. Be it horse, harness or greyhound wagering, it is easy to see all the latest action.

Tabs for each sports, the next races off, or those long-range future options are all well catered for. If you are a horse racing betting fan like myself then I think you will also be impressed by this focus.

Another thing I loved when reviewing Colossalbet’s horse racing offering was the detailed racecards and solid exotics markets. The added detail and the suggested betting tips were a really nice addition. The chance to see preview race results was also a positive.

The Protest Payout offer for Australian thoroughbred and harness races is also a superb addition to their racing offering. This sees you get paid if your selection is first past the post, regardless of if it is later demoted on protest.

Customers will also find a wide array of different racing bets with Colossalbet. Besides the usual win, place and each-way odds and exotics like a trifecta, quinella or exacta, punters can also bet on some other interesting racing markets. Here are just a few of those that really caught our eye:

Options For Getting Great Odds

Another factor that makes Colossalbet an excellent racing bookie is the number of different odds options they have available across their cards. Here is what I mean:

Is Colossalbet Good For Sports Betting?

colossalbet sport images

It isn’t all about the horse racing with Colossalbet. This bookie also has a good selection of other sports to bet on. There may not be as many sports covered compared to other big bookmakers, but all main options are available. Soccer, cricket, rugby league, rugby union, basketball, Aussie Rules, and MMA are all there.

There are even a few other options that you don’t always see that I was impressed by, including surfing betting, volleyball, and snooker. Again, much like the racing markets, there are plenty of options for sports betting too. There are a host of match markets to choose from with competitive odds available for each. From the sports betting tabs it is easy to move between the different markets, multibuilder and live betting options.

Sport Multibuilder

It was great to see Colossalbet having a bet builder option on their site. Most punters love putting accas together and this option allows you to build a multi covering results for different events, even across different sports. Combining a basketball result with a soccer team and the next AFL game is an excellent addition, especially the way the pop-up tab quicky calculates your potential winnings.

There is even the option to use the same game multi builder for some sports as well, including for cricket matches, which isn’t a common sport to feature this option with other bookies.

Colossalbet App

There is a lot to like about the Colossalbet app. Again, much like the desktop site, it is the ease to navigate and quickly place bets that was a real highlight when I was assessing this bookmaker.

The app is available Android and iOS devices and can be downloaded from the Play Store and App Store respectively. Another useful addition is a QR code on the Colossalbet website that also allows you to download the app you require.

The app isn’t as detailed or as flashy as some other options but gets the job done and helps you to quickly switch from sport to sport when on the go. The addition of seeing live odds through the app is also useful for those who like their in-play betting.

Does Colossalbet Offer Live Betting?

colossalbet live betting images

It was a real plus point to see that Colossalbet is also a top live betting bookie as well. Not all bookmakers offer this feature so to see it was excellent.

There is a good selection of different sports and matches offered too. Simply click on the live betting tab to be taken to all the action that is on-going.

As with almost all Australian bookies, it isn’t possible to place live bets online due to gambling regulations. Instead, you will need to pick up the phone to place your wager. This is no different with Colossalbet and I didn’t find it a problem.

However, as soon as you click on your preferred bet, you are provided with the number you need to call and the details you need to give to get the wager confirmed.

Does Colossalbet Have Live Streaming?

Live streaming isn’t available with Colossalbet. That is a negative for this bookmaker as it would be excellent to be able to watch and bet online.

That said, this feature is only available with a small number of top live streaming bookies in Australia, so it isn’t something that absolutely all competitors offer instead.

If live streaming is a deal breaker for you then you’d be better to look to the likes of bet365 or Unibet as they are the standout candidates in this field.

Best Live Streaming Bookmakers
Bet365 sports logo
  • Many live markets
  • Reliable brand
  • Works well with betting app
bet365 review
Unibet sports logo
  • Very User friendly
  • Great mobile app
  • Range of live sports steams
Unibet review
BlueBet sports logo
  • Live horse racing streams
  • Good quality app
  • No sports streams
BlueBet Review

Colossalbet Bonuses

Colossalbet does offer bonuses to customers but you won’t see them until you register an account. This is the same with all bookies in Australia where they are forbidden to use bet offers to attract new customers. However, once you are registered you can take advantage of the Colossalbet Vault to see what bonuses you could be interested in.

When I did head here I was able to uncover a host of different bet features. This includes the exclusive Colossal IQ tipping feature, whichI will discuss in greater detail below. First, here are a few of the other features Colossalbet customers can take advantage of:

Take Advantage of the Colossal IQ Feature

Another top feature offered by Colossalbet is the excellent Colossal IQ special. This is a personalised tipping service that is based on the user’s betting history and the things they like to bet on. I love this feature and it really does set Colossalbet apart from rivals. Everyone loves getting tips but this highlights those you are more likely to be interested in and delivers them right to you.

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Great Racing Bookie

Live Betting Available

Racing focus, other sports covered, good betting app
Payment methods (3 in total):
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bpay.png
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Licences:
New South Wales
App availability

Colossalbet Payment Methods

Colossalbet may not have the high amount of payment option as some bookies, but they have more than enough to do the job for making deposits. The main method for making a deposit to the bookie is with credit/debit card transactions but BPAY or bank transfers are also available. Here is the list of the options:

  1. Credit/Debit card. 
  2. Bank Transfer (EFT). 
  3. BPay. 
  4. Colossalbet Mastercard
  5. Colossalbet Cash-In. 

Colossalbet Mastercard

It is also possible to get a Colossalbet Mastercard once you have joined and registered your account. Once your Colossalbet Mastercard has been activated you can load it with winnings from your betting account. This can be used to withdraw cash from ATMs, make online purchases, or shop in-store as well. This means it is a really good alternative deposit method too. I have to say, I think this is an excellent addition to traditional methods.

Colossalbet Cash-In

While the Mastercard may be a good alternative way of taking money from your account, the Colossalbet Cash-In service is an example of an alternative deposit option.

Through the bookmaker’s partnership with Blueshyft, Colossalbet customers can deposit cash into their wagering account through a network of retail partners. Cash-In deposits are processed in real-time and there are no fees or charges incurred for using the service. You can use the service to do a quick search for retailers near you.

Withdrawal Options

The choices for making withdrawals from your Colossalbet account are with a bank transfer or to your debit card. Those two – or using your Colossalbet Mastercard – to withdraw cash are the options available.

If you request to withdraw funds before 3pm (AEST) Monday to Friday, the withdrawal will be processed on the same day and your funds will be in your bank account one to three business days after. If your request is made after 3pm (AEST) or on the weekend, the withdrawal will be processed by Colossalbet the next business day and will be in your account one to three business days after.

Colossalbet Withdrawal Times

To get a more accurate idea of the time it takes to make a withdrawal with Colossalbet, I made sure to do this when putting together this review and making a note of the times.

On average, the time it took to get the funds into my bank account was 35 hours and 25 minutes, with the time being almost double on a weekend (46.36.00) compared to a weekday (24.13.00). Bear in mind that many factors influence this time, including your own bank, but this time is generally solid. It isn’t one of the very fastest I have seen but it is what you’d expect.

Colossalbet Customer Support

The customer support at Colossalbet seems good. I was able to access live chat through the website and betting app and got my questions answered by support staff when they were online.

There is also the online help centre that offers a range of FAQs and detailed information about the bookmaker, from depositing and withdrawing to general betting terms and conditions.

Telephone support for general customer issues or separate betting queries is available between the following times:

Who Owns Colossalbet?

Colossalbet is owned by Ryman Racing Pty Ltd based at Royal Randwick Racecourse in Sydney. Ryman Racing is a company registered under the YPL Investments Limited which has been operating since 2009. This bookie is now an approved betting partner of some of Australia’s biggest sporting institutions.

Conclusion

Colossalbet is an impressive new Australian bookmaker that has a great focus on horse racing, harness racing and greyhound betting. Other sports markets are also available with all the top sports covered.

The betting app was quick to navigate and easy to use and there were a number of different customer support options if required. While the amount of payment method isn’t as large as some competitors I think there are enough,and the option of the Colossalbet Mastercard is a positive too. Overall, I think Colossalbet is an excellent online bookmaker and worth serious consideration, especially for horse racing fans.

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Colossalbet Overview

Colossalbet Australia – FAQs

Is Colossalbet legal in Australia?

Yes, Colossalbet is a licensed bookmaker of Racing NSW and the NSW Office of Liquor, Gaming and Racing.

Is there a Colossalbet app?

Yes, Colossalbet have apps for both Android and iOS devices. The app is easy to navigate and quick to understand.

Can I watch live streaming with Colossalbet?

No, live streaming is not available with Colossalbet. This is not something being offered by this bookmaker at the moment but we will let you know if this changes.

Can I place live bets with Colossalbet?

Yes, live betting is available with Colossalbet. Like most bookmakers in Australia you will have to call up to place your bet due to gambling regulations.

 

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