Colossalbet Review [June 2024]

ColossalBet is not part of the newest wave of betting sites, but it is still a pretty fresh entrant into a saturated industry. But unlike many of their competitors which struggle to stand out from the crowd, this new bookmaker has positioned itself as one of the better options for punters going around, with a great range of markets, good odds, and a great customer support platform. In this detailed ColossalBet review, we will take a look at everything you need to know about this betting site, including all of their strengths and areas of improvement. 

ColossalBet has positioned itself as not just one of the better new betting sites in Australia, but one of the better betting sites full stop. This is on the back of a couple of notable strengths, which we will outline in this section, but equally there are some areas that they can improve on – like there are with all bookmakers – and we will take a brief look at those below as well.

✔️ColossalBet Strengths

• Great selection of different sports markets: There are a huge range of different sports to bet on with ColossalBet, which really sets them apart in particular from other new betting sites. At the time of writing there are 22 different sports to bet on, and a whole lot of leagues and markets within those sports too.
• Great customer support: The customer support platform at ColossalBet is about as good as it gets. They offer live chat and email like many new betting sites, but they also have a phone number that you can call up to resolve your issues in that way, and the agents I’ve experienced are really helpful too.
• Competitive odds: It should really go without saying, but good odds are clearly relatively important in a betting site, and those available with ColossalBet are pretty nice. For line markets your odds will be at around $1.90, right up there with the best of the best, while they maintain those good odds for player props too.

❌ColossalBet Weaknesses

• No live streaming available: Unfortunately, at this point in time there are no live streaming options available with ColossalBet. Not many new betting sites do offer this, but given ColossalBet have positioned themselves as a legitimately high quality bookmaker, some live streaming would be a valuable addition.
• Occasional website glitch: This only happened occasionally to me, but I did run into a little glitch on the website which slowed things down a little bit. This glitch resulted in the wrong markets showing up when I clicked on a particular sport, though this did sort itself out if I clicked through to a different page then returned to the initial one that I was looking for.
• Limited promotions: Some punters really seek out the best promotions while others don’t really care, but if you fall into the former category then you won’t be too thrilled by what’s on offer with ColossalBet. They do offer a handful of promotions, but the selection here is nothing to write home about.

👨‍⚖️Colossalbet Final Verdict

To me, the above strengths are far more significant than the weaknesses, with odds and a good range of markets a couple of the most important components of a bookmaker, and live streaming and promotions not bothering me too much. That may not be the case for everyone – some may really care about finding a bookie with good promos and if that’s you ColossalBet might not be the ideal choice, but overall I would fathom a guess that most punters would view the above strengths and weaknesses pretty favourably.

Betting Variety ⭐⭐⭐⭐⭐
Excellent. There are a large number of different sports available with ColossalBet, particularly for a new betting site, while they also have a really good range of markets within those sports.

Banking Options ⭐⭐⭐⭐
Pretty good. They don’t have as many payment method options as some of the bigger sites but they do certainly have a couple of extra that many of their competitors don’t have.

Mobile experience ⭐⭐⭐⭐⭐
Nothing to complain about here. The mobile app made by ColossalBet is a really good one and makes it quick and easy to bet with them on the go.

Payout Speed ⭐⭐⭐⭐⭐
No issues here either. I’ve never had any issues with payout speeds when using ColossalBet, with winnings generally coming through relatively instantaneously.

Security ⭐⭐⭐⭐⭐
Three five stars in a row. There are no issues that I have ever encountered from a security perspective, with ColossalBet ensuring that all of your details are well taken care of.

Betting Experience ⭐⭐⭐⭐
The betting experience is really good with ColossalBet – the only reason they have been given four stars instead of five is the fact that I’ve encountered occasional glitches on the website, though these are certainly nothing major.

Customer Support ⭐⭐⭐⭐⭐
Basically as good as you could hope for. The customer support platform at ColossalBet utilises all three of the different methods of contact – live chat, email and phone – and importantly the agents who you will come into contact with – or at least those who I have come into contact with – are very helpful.

ColossalBet is yet another new betting site to enter the Australian betting landscape, but unlike many of the other cookie-cutter type set ups, they have had no problems standing out from the crowd. This is no ordinary new bookie – ColossalBet presents as though they have been around for a lot longer than they have, excelling in a number of areas in which new betting sites typically struggle.

For starters, they offer a wide range of different sports to bet on, with a casual 22 on offer at the time of writing – more than double and even close to triple what many of their fellow new entrants to the markets offer. And within those sports there is plenty to choose from, with an example being the fact that there are 15 different soccer leagues just in Brazil (!) which you can bet on with them.

Diving a little deeper, once you find your way to a league of your choosing, presuming it’s a relatively popular one like most people choose to bet on such as the NBA, you will find a great range of different markets. All of the regulars are here, of course, but importantly there are a wide range of different player props, individual quarter/half markets, and a lot more.

And what’s more, the odds for each of them are really competitive. There is not all that much point offering a great range of markets if your odds are terrible, but that is certainly not a problem with ColossalBet. Their line bet markets come in at around $1.90 – about as good as nearly any of their competitors – while importantly, the player prop markets – which I bet on and which can often vary significantly from one betting site to another – retain that good value too.

All of this is available on either the desktop site or the mobile app, each of which are relatively basic – but not in a bad way. They follow a simple black and gold colour palette, and both the desktop site and app are easy to navigate around.

The solitary problem I came across in either of them was a little bug on the desktop site in which the wrong markets were shown when I clicked on a particular sport, as you can see below. Clearly, the Australian Open does not fall under the umbrella of rugby league! But while this is far from ideal, it was no major issue – it was simply a case of clicking out of that sport and then clicking back into it.

And as for the app, where issues more commonly present themselves with other bookies, I found no such issues. It was super responsive every time I used it and I never encountered any glitches, and based on reviews that is the experience of most others too – save for a handful of people soon after ColossalBet opened its virtual doors, though it seems as though those kinks have been ironed out.

ColossalBet also demonstrates a strong commitment to its customer base by providing an excellent customer support platform. They manage to pull off the coveted trio of contact options, incorporating each of live chat, email and a phone number into their platform, meaning that whatever your issue there will be an appropriate way to get into contact with them. Oh, and the agents I had were really helpful too, which is always a big tick as well.

As for payment options, while they don’t have the selection of a couple of the global betting giants, there are more than enough choices to cater for most people. Debit/credit card and bank transfer is generally enough for me anyway and this is often all that new betting sites offer, but ColossalBet goes a little beyond that by offering POLi and and BPay. There is also no deposit minimum, and a very low minimum withdrawal of just $5.

If that sounds like an overly positive summary of a new betting site, it’s for good reason. This is a high quality betting site, regardless of how fresh it is to the industry. ColossalBet has already positioned itself as one of the better choices to bet with for a variety of different reasons, and is a standout among the myriad of new bookmakers which have popped up in Australia in recent years.

In the ever-expanding landscape of new betting platforms, a common thread among the vast majority is the development of a quality betting app. These mobile platforms have become more popular even than the desktop sites, particularly with punters who are looking to bet on the go. Crafting a great mobile app is now a cornerstone for any bookmaker entering into what is an intensely competitive industry.

ColossalBet's mobile app follows this trend, offering customers a functional and user-friendly design that competes with the best in the business. In an environment where quality betting apps are par for the course, the demand for a seamless and accessible mobile experience is higher than ever, and ColossalBet has ensured it isn’t left behind with an innovative app.

A standout feature of the ColossalBet mobile app is its intuitive interface, making it easy for seasoned bettors and newcomers to use. The clean and organised layout makes it easy to navigate through the various betting options and features, but most importantly, the simplicity of the interface doesn't sacrifice functionality. ColossalBet’s diverse betting markets, account management tools, customer support access, and more are all available here, and all accessible with the click of a couple of buttons

Compatible with both iOS and Android devices, the ColossalBet app ensures all of its customers can enjoy a high-quality betting experience. In a world where nearly everyone possesses a smartphone or tablet, the app's design adapts seamlessly to different screen sizes, meaning whether you’re on an old iPhone or the latest iPad, it’s easy to use.

For me, the true litmus test for a betting app is more to do with the speed of loading and functionality. Having extensively used the ColossalBet app, I can vouch for it in this regard. Unlike some counterparts, I haven't encountered any annoying bugs like automatic logouts, or random closures – issues which I have experienced with other apps and which can be enough to make you take your business elsewhere.

For the most part, the reviews of the app suggests that others have had a similar experience to me, though not 100% of the time. There are a handful of customers who suggest that they have had some issues with the apps functionality, though it is worth noting that most of these were written at least a few months before I signed up, so there is every chance that they have ironed out a few kinks along the way.

Overall, ColossalBet's foray into the mobile betting has been a major success. The app meets the expectations of the modern day punter, offering up one of the more user-friendly mobile betting apps going around. Whether you’ve been betting for years or are just starting out, ColossalBet's mobile app provides an enjoyable and simple betting experience from the comfort of your handheld device.

In this section, we are going to take a deep dive into the racing section of the ColossalBet platform. For some, sports betting pertains literally to just that and doesn’t extend to racing, but for others the thoroughbreds, harness and greyhound races are all that they bet on, so if that’s you then section will no doubt be of interest. 

There is not typically a huge amount of variance when it comes to the logistics of using an actual racing platform on a betting site. With ColossalBet it’s no different – everything is pretty easy to find, with upcoming races listed on the home page or a whole list of races for today and coming days, both in Australia and abroad, available by clicking on, who would have guessed it, the ‘Racing’ link on the left hand side.

Upon clicking into a race you’ll be greeted with a relatively crisp looking racing platform, offering each runner and their odds, with some recent fluctuations alongside. By clicking on an individual runner you will also get a nice, detailed rundown of the runner. This includes all of their recent form, form at the distance, in various conditions etc. as well as a pretty comprehensive paragraph about their chances. Importantly, this is all available on the one page – it doesn’t open in a popup window like with some other betting sites, which can be a little annoying.

There is also a solid rundown of the race overall provided by RacingISports on the right-hand side of the page, as you can see below. Obviously given that this is provided by the betting site it isn’t a tool which you should use in isolation, but you can certainly use it to help to inform your bets.

At the top of the page you can toggle through a few options to either see them or hide them, including the flucs, speed map and form, while above that you can click through to the exotics – Quaddie, Trifecta, First Four, Quinella and Exacta.

Unfortunately, the one thing that is missing here is the ability to place Same Race Multis. This is an increasingly popular way to bet on racing which allows you to pick multiple different runners to finish somewhere in the top four; for example, you could pick one runner to finish top two and another top four, you could pick three runners to finish in the top four, or any other combination.

Last, but absolutely not least, to the odds. A lot of other new betting sites really struggle in this regard, with a couple that I have reviewed recently offering odds that are below even the very bottom tier of major betting sites. ColossalBet is certainly no industry leader, but they are a long way from being as bad as those sites too.

Most runners come in at around industry average – probably a little bit below on average, but only very marginally and if you hunt enough there are certain runners whose odds are better than most other bookmakers. Overall, this is not an area in which ColossalBet excels, but they are better than most new bookies.

The lack of same race multis and uninspiring odds are really the only problems in what is otherwise a really good, comprehensive betting platform. Obviously average odds is a significant thing, as is the lack of same race multis if that’s how you like to bet, but if you are looking for a new, Aussie owned betting site then the odds with ColossalBet are better than most. That aside, it’s easy to use, there is a good amount of detail provided – something which should be the norm but which is notably lacking on some other betting sites – and provides a quick, functional way to punt on races from in Australia and around the world.

If you’re wondering what helps ColossalBet to stand out from the very densely populated crowd that is the Australian betting landscape in Australia, then this is the section for you. For many betting sites, these features are things which are available with some of their competitors anyway, but are areas that they excel in. It might not be a completely unique feature – few bookies have those – but rather something that they do particularly well, and this is the case with this section as well. These ColossalBet best features aren’t things that only ColossalBet manage to pull off, but they are not particularly common, especially among newer betting sites.

Massive range of different sports markets

It’s been a repeat experience for me taking a look at new betting sites in Australia to notice that there are very few different sports available to bet on. Often the number of options is around eight or ten, as opposed to the closer to 20 or 30 that are available with bigger betting sites. Having only been founded in 2021, ColossalBet still falls into the category of a relatively new betting site, but despite that they have no less than 22 different sports to bet on at the time of writing. What’s more, within those sports there are a massive range of different markets available from all around the world, and going even further, when you take a look at an individual sporting league you will find plenty of markets available for individual games, as well as future league markets.

All three customer support options available

A new betting site having a pretty good customer support platform is nothing overly unique – in fact, most of them seem to invest a fair bit of time into refining this part of the betting experience. But typically, they will offer just live chat and email, to the exclusion of having a dedicated phone number if you want to call up and speak directly to them. And if they do have a phone number, often that will mean they don’t have live chat. ColossalBet has all three options, which is relatively rare. This means that depending on your issue, you will likely have a contact method which is suitable for you. Need to solve something here and now but in a discrete manner? Live chat is there for you. Want a query resolved but don’t have time to sit around and deal with it? Send off an email and then respond to their response when you’re ready. Or do you want to speak directly with someone so that you can explain more clearly what you need? The phone number is there for you.

Far more than most of their fellow new sports betting sites, ColossalBet offers a really good range of different sports, with no less than 22 available at the time of writing. That’s in comparison to many other bookies who have just entered the industry who struggle to crack ten. The best of the best often have closer to 30, but 22 is a really good number for any betting site, let alone one as new as ColossalBet. In this section, we’re going to take a look at some of the most popular of those sports, and what sort of depth of markets you’ll find within them at ColossalBet.

Australian Rules Football

During the AFL offseason, which it is at the time of writing, evidently there are not a huge amount of individual match markets available with any betting sites. ColossalBet is no exception, but they still do have a really good range, with basic moneyline and line odds for the opening round of next season’s matches as well as a huge selection of futures, including everything from Premiership winner through to Rising Star Award markets. Unsurprisingly this translates to a really good range of markets once the season rolls around for individual matches, with solid odds on basic markets as well as a nice selection of player props.

Basketball

Most betting sites in Australia worth their salt these days place plenty of emphasis on basketball, unsurprising given how rapidly it has grown in popularity in recent years, and ColossalBet is no different. They have markets from all around the world, including smaller leagues in Asia and Africa, but of course the most popular are Australia’s NBL and in particular, the NBA. Odds here are really good compared to most NBA betting sites, with line bets coming in at around $1.90, while there are plenty of other markets to choose from too. Player props, which if you’ve read my other reviews you will know I view as a good yardstick for how comprehensive a betting sites’ selection of markets is, are available for every game for various stats, and you can combine all of these into a same game multi if you like too.

Tennis

As I write this the Australian Open is in full swing, so it feels as good a time as any to take a look at the tennis markets available with ColossalBet. Typically tennis isn’t a sport for which there are a whole lot of markets – there are only so many different outcomes within an individual match. But ColossalBet has pretty much all of them, from match winner and games total through to individual set handicaps. They have also got a good range of future markets, with odds for the winner of each of the four Grand Slams available from the start of the year. You will also, of course, find plenty of markets for the lesser known events which occupy the majority of the year as well.

Rugby League

Like with the AFL, it’s the NRL off-season at the time of writing and as a result, there is not as much to bet on for rugby league fans as there ordinarily would be. But rest assured, once the winter comes around there are no shortage of markets for each and every NRL game as well as NRL futures, and of course that extends through to the much-anticipated State of Origin every year too. What’s more, you will also find markets for the English Super League and World Club Challenge, while in the off-season, again like with the AFL, there are plenty of futures to bet on for the upcoming NRL season.

Soccer

Whatever you like to call it, if you are a fan of the world game then you will have no problems finding a market to bet on with ColossalBet. Every league under the sun is available here, from the English Premier League through to the most obscure leagues from elsewhere in the world – if you want proof of the latter, how about the fact that there are no less than 15 leagues from Brazil alone available to bet on at the time of writing. Clearly these unknown leagues are going to get a little less traffic and there are less markets for them as a result, but if you are looking to bet on an EPL game, for example, then you will find a massive range of different things to bet on.

American Football

American football, known as Gridiron on the ColossalBet site, has well and truly captured the imagination of at least a section of the Australian sport-loving public, and most betting sites have responded with a whole lot of markets. For upcoming games there are markets on everything that you would expect to find and more, and importantly the odds are really competitive, whether you are betting on something as simple as the moneyline or a less common market like a player prop. You’ve also got all the futures you would expect, as well as the important ability to place same game multis.

ColossalBet Sponsorship Deals

Not many, if any, small betting sites have the ability to fork out and pay for sponsorship deals with teams, and ColossalBet is no exception. At this point in time they don’t have sponsorship deals with anyone, though given the quality of the product they have put out it would be no surprise if they grow significantly and eventually get to a stage where they can.

Now that we’ve taken an in-depth look at how the sports coverage of ColossalBet compares to some of its counterparts across some of the favourite sports of Aussie punters, let’s take it a step further. These are all the different markets available with this bookmaker.

ColossalBet’s Betting Markets 

• Head to head 
• Line betting 
• Over/under points total 
• Player props 
• Quarter/half markets 
• Win/place markets 
• Racing exotics 

ColossalBet Types of Bets Available 

• Singles bets 
• Multi bets 
• Same game multis

Banking is not usually an area in which new betting sites offer the best selection, and fair enough too. Implementing a variety of different payment methods won’t often have a particularly big impact given the vast majority of punters can easily just use debit/credit card, which is available with virtually every betting site.

Typically new betting sites will choose to place their focus elsewhere, on areas many would deem more important, but ColossalBet have done a good job of developing a really well-rounded payment platform which will cater to everyone, without ignoring other key areas.

As with all bookmakers, they offer Visa and Mastercard debit/credit card options, which is almost always what I will use. Setting this up is simply a matter of inputting your card details, after which you’ll be able to quickly and easily deposit funds to your ColossalBet account. Bank transfer is, as always, available as well, though it’s worth noting that this won’t result in an immediate deposit like debit/credit card will.

That’s often where it ends for new betting sites, but not with ColossalBet. They also offer ColossalBet Mastercard and ColossalBet Visa, as well as POLi – a popular platform for depositing funds which draws directly from your bank account for immediate deposits – as well as BPay.

Making matters even better, there is no deposit minimum with ColossalBet. Typically there is of $5 or sometimes even $10, but the no minimum with ColossalBet means that even if you want to place a small bet of just a dollar or two and don’t have funds in your account, you can deposit exactly the amount that you wish to bet.

As for withdrawals, things are kept a little more simple, though there should be enough to cater for pretty much everyone here. Bank transfer is generally the easiest method of withdrawal and it is here too, though you can also use a ColossalBet Mastercard.

Note that for withdrawals, there is a minimum, though it’s only $5 – this is about as low a number as you will find in this regard. You’ll also have to wait for them to arrive in your bank account – it is not instantaneous like most deposit methods. ColossalBet proceses withdrawals between 9am and 5pm Monday to Friday, so if you deposit within those hours you’re a chance that your withdrawal time will be within one day, otherwise it will likely be the next business day.

Overall, this is an excellent banking platform for any bookmaker, whether that be a new betting site or an old one. There are a wide range of different payment methods available for customers, while the low/non-existent minimums for withdrawals and deposit methods make this part of the ColossalBet experience even better.

Of course. We only review legal betting sites at BettingTop10, so if we have reviewed it then it’s legal.

ColossalBet is licensed by the Liquor and Gaming NSW. They are governed by their own Responsible Gambling Code of Conduct, except for in South Australia where they’re also governed by the South Australian Responsible Gambling Code of Practice.

Further legitimising this betting site is the range of responsible gambling tools that they offer. BetStop is a National Self-Exclusion Register which enables punters to ban themselves from every single betting site in the country, and ColossalBet, like all legal betting sites these days, provides a link directly to that site at the bottom of their home page. They also have a deposit limit, which allows you to limit how much you can deposit with them over a certain period of time, while you can also find directions to various gambler’s help services also at the bottom of the home page.

Customer support is typically a time which new betting sites dedicate a fair bit of time to getting right, but by and large they rely on two methods of communication; email and live chat. This is enough for most people, particularly with the existence of live chat, which enables you to get into immediate contact with a customer support agent and have your queries resolved quickly and easily.

ColossalBet offers both of these forms of communication like most of their new counterparts, but they go above and beyond by also incorporating a phone line into their list of contact options. From 8am to 9pm you can reach out to ColossalBet by this method, providing a valuable third option for resolving issues.

Many people will probably opt to use live chat for most time-sensitive issues anyway, myself included on most occasions, but there are certainly times when speaking directly to a person can be beneficial. If, for example, you have a particularly specific question or you simply think that you’ll achieve more by speaking to a person via the phone rather than on the computer, then this phone number is certainly likely to come in handy.

Live chat, however, will as always be the go to, for me at least. This simple method of communication allows you to directly communicate with a customer support agent, and importantly it allows you to do it even when you’re in a position where speaking on the phone to a betting agency might not be appropriate – I’m looking at you, workplace.

With ColossalBet, I’ve called up and used live chat on numerous occasions to check out their customer support agents for this detailed ColossalBet review, and generally I’ve found the service to be top of the range. They are well-versed in dealing with a multitude of different issues and are generally pretty friendly, so whatever your issue they should be able to help you out.

On some occasions, you may not have the time to deal with whatever your problem there and then, and it’s then that you can utilise the third customer support option at ColossalBet; email. I would tend to use this in a couple of different circumstances; firstly, if I have a particularly convoluted issue which requires the attachment of documentation or similar, and secondly if I just don’t have the time nor inclination to engage in a back and forth with a customer support agent.

Overall, this is a really good customer support platform – about as good as it gets, in fact. By offering all three different contact methods they ensure that there is an option for all punters and all situations, while they also offer these methods for a good chunk of the day. Pivotally, the customer support agents are also really good – there isn’t all that much point having a lot of different contact methods if the agents aren’t willing or able to help – and this rounds out what is a high quality customer support platform.

As we always do, we are going to round out this in-depth ColossalBet review by taking a look at how to perform a couple of important functions with this bookmaker. These are pretty straightforward and if you’re a seasoned punter you probably won’t need these instructions, but if you’re just starting out then this could certainly come in handy.

How to sign up with ColossalBet

It’s never too difficult to sign up with a betting site, and the ColossalBet process is as easy as any. This is how you do it.

• Head to www.colossalbet.com.au
• Click on the ‘Join’ button up in the top right hand corner of the page.
• You’ll then be greeted with the below page.

• Fill in all of the information, which includes your name, date of birth and address, before creating a Username and a password. All of this is on the one page, which makes the process as quick as possible.
• Once you’re done, click ‘Create Account’ and your account, obviously, will be created – you can probably complete this whole process in less than a minute.

How to place a bet with ColossalBet

Now you’ve signed up with ColossalBet, presumably you want to place a bet. This is how you do it.

• On either the desktop site or the quality mobile app, find the market that you wish to bet on. This is a pretty intuitive process – just follow the prompts through to sport or racing and keep clicking through to the sport, league and event you want to bet on.
• Click on the odds for the markets that you wish to bet on, and a betslip will pop up. 
• As always, just enter your stake into the appropriate box, which will subsequently tell you your estimated returns if you win.
• From here, all you need to do is click ‘Place Bet’ at the bottom of the bet slip – assuming you’ve funded your account – and your bet will be placed.

How to access BetStop with ColossalBet

BetStop is a valuable tool which allows punters to ban themselves from all betting sites in Australia – useful if your betting is getting out of hand. This is a better system than previously where you could only ban yourself from individual sites, and is easily accessible from each legal betting site. This is how it’s done on ColossalBet.

• Head to the home page of the site.
• Scroll down to the bottom, where there is a lot of text about various responsible gambling tools and codes of practice.
• In the bottom right hand corner, you will find a box which says:” You can self-exclude from all legal online and phone wagering throughout Australia via
• Betstop - the National Self-Exclusion Register. You can visit BetStop at: www.betstop.gov.au”
• Clicking on that link will take you through to the BetStop website, from which you can ban yourself for a period of time of your choosing if you feel your gambling is getting out of control.

Features: Wide range of sports markets, each of live chat, email and phone available.

Sports covered: Australian rules football, rugby league, basketball, tennis, soccer

Apps: Yes, available for iOS and Android

Payment options: Debit/credit card, bank transfer, ColossalBet Mastercard, ColossalBet Visa, POLi, BPay

Contact information: Live chat, email, phone