Colossalbet Review

Instant Wins, Instant Cash: Dive into the Colossalbet Experience!

Join Today 18+. T&C's Apply. Problem? Visit Gambling Help Online.


  • 100% Australian owned and operated
  • Colossalbet Mastercard
  • Widest Range of Racing markets covering the globe
  • Individual Racer and Runner comments
  • Tips from Racing and Sports
  • Colossal IQ - industry first personalised tips built in to your app
  • Form Past Runs, Speed maps, Price Flucs
  • Daily specials on sports and racing
  • Cash-In via 3000+ newsagents Australia wide
  • Phone betting
  • No live streaming
  • Cash out not available
  • Withdrawals only processed Monday to Friday

Colossalbet is a fresh addition to the Australian betting scene and provides an impressive website experience that will appeal to both seasoned bettors and newcomers alike.

Right from the start, the website’s striking gold and black colour scheme catches the eye, and its speedy loading time ensures a seamless user experience. Serious punters will be delighted to find everything they need right at their fingertips. The “Next To Jump” feature at the top of the page comes with a convenient filtering option for racing codes, Australian/NZ or International racing, making it easy for punters to quickly find their preferred events and start placing bets.

The website’s design follows a user-friendly three-column structure. The left-hand column presents a wide array of racing and sports markets available for punters to explore. In the middle column, they can access an extensive range of markets and odds. The right-hand column houses the bet slip, ensuring a smooth betting process.

Upon landing on the home page, punters are greeted with a rotating banner showcasing specials and Colossalbet’s exclusive features. Below, six prominent tiles highlight featured markets, such as ‘Next To Go’, Racing Futures, and major events like the upcoming NRL Grand Final. Additionally, Colossalbet goes the extra mile by offering personalized tips to punters through their Colossalbet IQ service, adding a touch of tailored assistance to the betting experience.

Colossalbet’s primary focus on racing is evident, as the home page predominantly displays racing markets by default. Punters can quickly locate upcoming Futures markets and their scheduled dates, further enhancing the convenience of planning their bets.

Sports enthusiasts are not left out either, as switching to the sports section reveals a clever set-up. The site presents a list of popular Featured sports, followed by a comprehensive alphabetical listing of all available sports. Even better, customers can mark a sport as a favourite with a simple click, resulting in a personalised banner titled ‘My Sports’ that provides quick access to their chosen sport.

While the website excels in many aspects, one minor drawback is the lack of a direct menu option for a promotions page. Promotions are currently primarily featured in the rotating banner at the top of the page. However, considering Colossalbet’s no-frills approach to betting, this limitation can be easily overlooked.

Overall, Colossalbet impresses with its user-friendly interface, diverse market offerings, and thoughtful features like personalized tips. As a new player in the Australian betting landscape, Colossalbet holds promise and is definitely worth considering for your betting endeavours.

colossalbet 1-2 Billboard (970 × 250px)

Colossalbet Quick Facts

Owner Ryman Racing Pty Ltd
Operations (Headquarters) Royal Randwick Racecourse, Sydney, NSW
Founded March 2021
Rating 8.5
Currency AUD
Language English
Minimum Deposit None
Minimum Withdrawal $5
Format Decimal


Racing & Sports Betting Markets Available on Colossalbet


Sports Betting Markets

Australian Rules
Boxing Cricket
Mixed Martial Arts
Motor Racing
Rugby League
Rugby Union


Racing Markets

Jockey Challenge

colossalbet 2-2 Billboard (970 × 250px)

Review of Colossalbet Odds

Colossalbet offers the standard Fixed Win & Place odds as well as a range of odds products that are exclusive to the forward-thinking bookmaker. Check out their odds products below.


Colossalbet Racing Odds Products

BestDiv Plus SP This product offers the best of either the “Best of the 3 Australian TAB Prices” or the Colossalbet Starting Price (Colossalbet SP) for the Win Portion of the bet.
BestDiv This product provides the best odds of the 3 Australian TAB prices.
TopFluc This product matches the highest fluctuation declared on course for the Win Portion of the bet.
MidDiv This product represents the middle dividend of the 3 Australian TAB prices.
Exotics Covers a variety of bets including Quinella, Exacta, Trifecta, First4 & Quadrella.
AusDiv This product calculates the weighted average price of the 3 Australian TAB prices.
Fixed Odds Fixed Win & Place odds are available on the Colossalbet website and remain unchanged once confirmed, unaffected by fluctuations.


Types of Bets Available on Colossalbet

Sports Bet Types

Multi Refers to a collection of legs achieved in various matches/races, potentially involving multiple sports.
Half Time/Full Time Entails correctly predicting the leading team at both half time and full time during an event.
Head-to-Head Betting on one team/player to beat another
Same Game Multi Several legs are merged into one package, incorporating markets from the same H2H match.
Margin Betting Margin Betting involves speculating on the point difference by which a team/player will triumph.


Racing Bet Types

Quaddie Also referred to as the Quadrella or Pick 4, is a challenging betting option that requires bettors to predict the winners of four preselected races on a given race card.
Daily Double The Daily Double bet involves picking the winners of two preselected races.
First Four The First Four bet requires punters to choose the first four horses to finish a race in the exact order.
Trifecta For those seeking a demanding challenge, the Trifecta bet entails selecting the first three horses to finish a race in the exact order.
Quinella A Quinella bet consists of selecting two horses to finish first and second in any order.
Exacta The Exacta bet necessitates predicting the first two horses to finish the race. However, in an Exacta, you must precisely forecast the exact order in which the runners will finish.
Place Bet A Place bet is ideal for bettors who prefer a more conservative approach to horse racing wagering. In this type of bet, you select a runner that you believe will finish in the top two or three positions, depending on the number of runners in the race.
Win Bet The Win bet is the most straightforward and popular type of horse racing wager. In this bet, you select a single runner that you believe will win the race.
Each-Way Bet The Each-Way bet combines the Win and Place bets, offering an opportunity to win even if your chosen runner finishes in the top few positions. It involves two equal wagers: one for the Win and another for the Place.
Jockey Challenge The winning jockey who scores the most points on a 3-2-1- basis at any given race meeting.


Colossalbet Products and Features

Colossal IQ Exclusive to Colossalbet, this feature provides personalised tips based on your betting history.
Colossalbet Cash In Colossalbet customers can conveniently deposit cash into their wagering account at various retail partners across Australia. The Cash-In deposits are processed instantly in real-time, ensuring a seamless experience for users.
Protest Payout Colossalbet Protest Payout is a special feature that applies to Australian thoroughbred and harness races for win bets and the win portion of each-way bets. It is activated when a customer’s bet is on a horse that is first past the post but later gets relegated due to an upheld stewards’ protest or inquiry. In such cases, Colossalbet will pay out on both the first past the post horse and the runner officially declared as the winner.
Bonus Cash By meeting the promotional guidelines and requirements, you can receive additional betting cash as a bonus. Your Bonus Cash balance can be checked via the Overview page within your account.
Price Pump The Price Pump feature enables customers to boost the odds on fixed price bets.
Multi Pump Multi Pumps have the same function as Price Pumps, but on multi bets.
Colossalbet Mastercard The Colossalbet Mastercard provides clients with convenient access to their available funds through point of sale (POS) transactions, online purchases, and ATM withdrawals.
Same Game Multis A fixed price bet that consists of multiple legs from the same event
Multi-bets A MultiBet combines multiple individual bets into one, multiplying the odds to calculate the total potential payout.
Colossalbet Back A Winner A personalised bonus cash back promotion that may be offered to clients via the home page or personal communication.


Limits When Betting on Racing & Sports at Colossalbet

Colossalbet’s maximum win values are capped at the below limits:

Metropolitan Thoroughbreds Win/Place $100,000
Metropolitan Thoroughbreds Exotics $50,000
Provincial Thoroughbreds Win/Place $50,000
Provincial Thoroughbreds Exotics $20,000
Metropolitan Greyhounds/Harness Win/Place $20,000
Metropolitan Greyhounds/Harness Exotics $5,000
Provincial Greyhounds/Harness Win/Place $20,000
Provincial Greyhounds/Harness Exotics $5,000
International Thoroughbred Racing – Win/Place $20,000
International Greyhounds/Harness – Win/Place $5,000
International SP and Tote Derivative Exotics $5,000
Racing Multi $250,000
Sports Multi $250,000
Racing & Sports Multi $250,000
Same Race Multi $250,000
Same Game Multi $50,000


Colossalbet Mastercard

The Colossalbet Mastercard enables clients to transfer winnings to a physical card and withdraw funds from ATMs as well as making online purchases. For more information see our Colossalbet Mastercard Review.

colossalbet 4-1 Billboard (970 × 250px)


Colossalbet Live Betting & Streaming

– Is Live betting allowed in Australia?

Due to the current Australian laws and legislation, it is illegal to bet in-play online on sports betting markets. However, you can bet in-play over the phone. Live betting has become increasingly popular in recent years, with punters able to bet on the go during the event.


– How do you bet live on

Colossalbet may allow live or in-play bets on Colossalbet-nominated events. During such situations, the markets will be displayed as Live on the website, and Colossalbet account holders have the option to place in-play wagers by calling the Colossalbet office.


Review of Colossalbet’s Website Usability & Experience

Colossalbet adopts a responsive website design that adapts the layout to suit the screen size of users’ devices. For PC and laptop users, the website features a familiar three-column layout. The left column displays the main navigation, while the centre column contains sports, leagues, and odds. On the right, users can find the betting slip. Account details are accessible by clicking on the account balance at the top of the page.

When a sport is chosen, the centre column shows a list of leagues arranged alphabetically. Additionally, users can find an alphabetical list of futures markets. It may take a little time to get used to this listing approach. For instance, to view English Premier League fixtures, you need to select “England Premier League Regular Season-22.” To access the futures market, you would choose “English Premier League 2022/23 – Winner.”

The Colossalbet website employs a mobile-friendly design, showcasing a block-like approach to save screen space. When selecting a league, the centre column displays either the head-to-head or line odds for upcoming fixtures. Each fixture may support ‘Same Game Multi’ links for same-game multi betting, and ‘Show All Markets’ links are available for fixtures with additional markets, though the number of markets is not specified.

Clicking on ‘Show All Markets’ reveals the full list of markets for a fixture. The head-to-head market displays odds to save space, while other market categories require clicking to reveal associated odds.

The betting slip highlights selections in the centre column, allowing users to set a single stake for all selections or input unique stakes for each. Potential payouts are displayed upon submitting stakes. Multi betting options, such as ‘doubles’, ‘trebles’, ‘four picks’, etc., provide flexibility, even if one-click exotic multis like Yankee, Super Yankee, Heinz are not supported.

An interesting feature is the default ‘quick bet’ setting on the bet slip, where a click of the submit button processes the bet without needing to confirm. Users can change this setting in the account area.

Overall, the betting slip is intuitive, catering to the needs of users and offering a comprehensive betting experience. It is especially user-friendly for mobile devices, making it an ideal choice for those who prefer not to download an app.


Colossalbet App Review

Colossalbet Android App

On the Google Play Store, the Colossalbet app has more than 1000 downloads and has been rated 3.5 out of five stars by 24 reviewers. On testing, the app loads quickly and has a very neat user interface with simple toggle buttons for finding your market. The default homepage is suited to racing punters, and as well as the standard ‘Next to Go’ slider, there is also a ‘Next to Go Thoroughbreds’, ‘Next to Go Greyhounds’ and ‘Next to Go Harness’ which is great for seeing the code you are interested in. Similarly, if you toggle to the ‘Sports’ homepage, you are greeted with the ‘Upcoming Sports’ and then sliders for most popular sports such as NRL, AFL and Soccer.


Colossalbet Apple iOS App

The Colossalbet iOS App has received a 3.8 out of five stars from 87 ratings as of October 2023. Common highlights from reviewers are based around competitive odds and great customer service. App features are the same as above for Android.


How to Sign Up for a Colossalbet Account?

Joining ColossalBet is a straightforward process. Just follow these steps to get started:

  1. Go to
  2. Click on the “Join” button at the top right.
  3. Fill in the registration form with the required information.
  4. If prompted for a promo code, use ‘CBVIP‘.
  5. Confirm your account to complete the registration.
  6. Start exploring betting options on Colossalbet, available through their website, mobile site, or betting app.


What is the Code for Colossalbet?

The best sign up code to use for Colossalbet is CBVIP. This code is not a bonus code but it does give users access to one of the best betting platforms available to Australian punters.


How to Verify your Colossalbet Account?

In line with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act 2006, customers need to provide 100 points of identification to verify your Colossalbet account. Customers also need to verify the credit/debit card they have deposited with by sending photos of the front and back of their card while covering up the middle eight numbers. These can be emailed to with your username in the subject line.


Colossalbet Deposit Options

There are multiple options for depositing into your Colossalbet account. These include: PayiD, Credit/Debit card, Bank Transfer, BPay, Colossalbet Mastercard and Colossalbet Cash-In


Colossalbet Deposit Limits

During the account creation procedure, you’ll be guided to establish a deposit limit for your account. If you opt not to set a deposit limit during the account creation process, you retain the flexibility to modify this preference whenever you wish by following these steps:

  • Click on your balance to access the “My Account” page.
  • Choose the “Gambling Assist” option.
  • Navigate to the “Set a Deposit Limit” segment.
  • Create a new deposit limit or adjust your existing one according to your preference.


How to Withdraw Funds from your Colossalbet Account?

Withdrawing funds from your Colossalbet account is a straightforward process.

To access the “My Account” page and initiate a withdrawal, follow these steps:

  1. Click on your account balance from the homescreen. This is located in the top-right corner.
  2. Look for the “Withdraw” option among the headings highlighted in gold.
  3. Once on the withdrawal page, choose your preferred withdrawal method.
  4. Enter the amount you wish to withdraw and confirm the transaction.
  5. Please be aware that you can only withdraw funds that have been wagered or turned over.


How to Place Bets on Colossalbet?

To place a bet on Colossalbet, find the market you are interested in and select the odds for that particular bet. The wager will be added to your betslip, and from there, you can simply add your stake and press ‘Quick Bet’ and confirm your selection. You can also add multiple selections to your betslip and then stake accordingly or take the multiple selections in a multi bet.


Colossalbet Customer Service Review

Colossalbet provide quick and easy forms or customers support in the way of FAQs, Telephone, Live Chat and email. Their customer support page has a list of eight FAQs which will cover most enquiries, but for more detailed support, you can phone their office or email them with the form provided on that page.


Colossalbet Contact Customer Support: 

Customer Service Team – (02) 7202 7462

Betting Team – 02) 7908 6250

Email –

Live Chat –


Colossalbet Customer Support Business Hours:

Monday: 8am to 9pm

Tuesday: 8am to 9pm

Wednesday: 8am to 9pm

Thursday: 8am to 9pm

Friday: 8am to 9pm

Saturday: 8am to 9pm

Sunday: 8am to 9pm


Colossalbet Terms & Conditions

All of Colossalbet’s T&Cs are located on PDF page and should be viewed in their entirety here.


Colossalbet Licence & Security

Colossalbet is 100% Australian owned and operated and is licensed by Racing NSW and the NSW Office of Liquor Gaming and Racing. Colossalbet holds the required guarantee to operate and protect your funds through the NSW Bookmaker Cooperative and is a member of the NSW Bookmaker Co-op.


Colossalbet Responsible Gambling

Colossalbet offers a range of tools to promote responsible gambling and help users take control of their spend. These include:

  • Accessing your betting statement/transaction history so you know exactly how much you are spending
  • Setting deposit limits so you don’t spend more than you can afford to lose
  • Take a Break function allows you to voluntarily exclude yourself from betting for a set period of time
  • Permanent Self-Exclusion should you wish to quit gambling completely. This cannot be undone at anytime and will stand for the life of the customer


How to Get in Touch with Colossalbet?

Contact Options (Colossalbet)
Twitter –
Instagram –
Facebook –
Customer Service Number – Customer Service Team (02) 7202 7462
Email –
Live Betting – Betting Team (02) 7908 6250 everyday from 8am-9pm


Colossalbet Alternatives

If you are looking for an alternative to Colossalbet we recommend reading: Dabble Review, Ladbrokes Australia Review, Neds Review, Picklebet Review or bet365 Australia Review. You can also check out the best Aussie betting sites to find the right fit for you.


Conclusion & Final Thoughts

We were genuinely impressed with Colossalbet. It is evident that a significant amount of effort has been put into developing this product right from the outset, resulting in an outstanding customer experience. Colossalbet’s customer-centric approach encompasses user-friendly deposit and withdrawal options, as well as excellent customer service that includes personalized account managers for long-term customers.

Moreover, their product’s quality is backed up by an impressive range of markets offered. As an extension of rails bookie Mark Ryman Racing, we expected top-notch racing markets, and Colossalbet delivered precisely that, offering highly competitive odds across a broad spectrum of local and international markets. Additionally, they provided detailed racing form for international runners, even in regions like the USA where such information can be challenging to obtain.

Despite being a new operator, Colossalbet pleasantly surprised us with the variety of sports markets they offered. While some new operators only provide limited match markets, Colossalbet compared favorably to some of the bigger players, particularly when it came to AFL and NRL games. They may not have over a hundred markets like others, but they do focus on the key ones that punters are eager to bet on.

However, one area where Colossalbet could improve is their presence on social media. Relying on positive word-of-mouth might be necessary for now, but given the excellence of their product, they are likely to thrive in the long run.

All in all, we are excited to witness Colossalbet’s future journey, as their current offering is already very impressive and holds the promise of further enhancement over time.


Colossalbet Review FAQs

Who owns Colossalbet?

Colossalbet is owned by Ryman Racing PTY LTD.

Is Colossalbet legal in Australia?

Yes. Colossalbet is an Australian owned and operated online book maker and is licensed by Racing NSW and the NSW Office of Liquor, Gaming and Racing.

What sports can I bet on with Colossalbet?

Colossalbet offers betting on 19 different sports, including: AFL, rugby, tennis, basketball, cricket and many more.

Can I bet on horse racing with Colossalbet?

Yes. Options for racing bets include Australian and international thoroughbreds, greyhounds and harness racing.

Is there a minimum bet amount on Colossalbet?

The minimum bet amount on Colossalbet is $1 for online bets and $50 for phone betting.

What payment methods does Colossalbet accept?

Colossalbet accepts the following payment methods: PayiD, Credit/Debit card, Bank Transfer (EFT), BPay, Colossalbet Mastercard, and Colossalbet Cash-In.

Are there any fees for depositing or withdrawing funds from my Colossalbet account?

There are no fees associated with depositing or withdrawal of funds.

Is there a mobile app for Colossalbet?

Yes. Colossalbet has a mobile app which is available for both Apple and Android devices.

What happens if I have a problem with my account or a bet?

The Colossalbet customer support team is available via phone or live chat on the app or website between 8am-9pm everyday. Alternatively, messages can be sent via email, facebook, twitter or instagram 24/7, though responses can take up to 24hrs.

Can I set limits on my Colossalbet account to control my betting?

During the account creation process, you will be prompted to set a deposit limit on your Colossalbet account. As part of their commitment to responsible gambling, Colossalbet strongly encourages all clients to establish a deposit limit that they are comfortable with.

If you decide not to set a deposit limit during account creation, you can do so at any time by following these steps:

1. Go to the "My Account" page by clicking on your account balance.
2. Choose the "Gambling Assist" option.
3. Scroll down to the "Set a Deposit Limit" section.
4. Establish or modify your desired deposit limit.
5. By providing this option, Colossalbet aims to promote responsible gambling and ensure that users have control over their betting activities.

Go to Colossalbet New customers only. 18+. T&C's Apply. For free and confidential support call 1800 858 858 or visit