In this ColossalBet review for 2024, we'll look at one of Australia's newest and most promising betting sites. We'll run the rule over the bookmaker’s customer support speed & quality, banking options, market depth, odds, and trustworthiness.
It’s our job to help paint a full and unbiased picture of the online betting site so you can decide if it’s worth your signup. You can trust our full-length ColossalBet review, as we've been reviewing Aussie bookies for years and always give an honest assessment.
We take multiple steps to arrive at our ratings and recommendations. It all starts with the bookmaker’s security, safety, and reputation, followed by betting, banking, and customer support options.
We also sass their specials, loyalty rewards, and apps to give you the whole scoop from top to bottom. Of course, we read honest user reviews across multiple platforms, including Google Play, Reddit, Trustpilot, and even Twitter.
Whether you're a racing diehard or looking for an unbiased ColossalBet sports review, this is your one-stop guide to see if the new kid truly deserves a try. Let's start with the bookie’s biggest strengths and shortcomings:
- Massive racing markets
- Customised guides and tips
- High maximum withdrawal limits
- Superb mobile apps
- Personalised support 24/7
- Site looks cluttered and dated
- Limited withdrawal methods
- Fewer sports markets than other AU bookies
Contents
- 1 ColossalBet History – a newcomer making waves
- 2 ColossalBet Bonuses and Promotions
- 3 Loyalty Program & ColossalBet Rewards
- 4 Safety and Trustworthiness – good but not yet well-known
- 5 ColossalBet Markets to Bet On
- 6 ColossalBet Mobile App – a quick overview
- 7 A rundown on Banking Options at ColossalBet
- 8 ColossalBet Customer Support
- 9 Responsible Gambling at ColossalBet
ColossalBet History – a newcomer making waves
ColossalBet is the new kid on the block. It burst onto the Australian online betting scene in 2021, launched under the banner of Ryman Racing Pty Ltd.
Based in Royal Randwick, the bookmaker focuses on sports and racing betting. From day one, the bookie has been somewhat of a racing specialist, with deep markets covering all three racing codes (harness, dogs, and horses).
Colossal Bet doesn’t offer casino games or poker but makes up for that with its sportsbook. It covers major sports (such as basketball and basketball), Aussie favourites like NRL, AFL, and cricket), and niche markets, including Gridiron and elections. Its biggest selling point is the Colossal IQ, a tool that offers personalised betting tips and services.
ColossalBet is licensed by Liquor & Gaming NSW and uses the latest 2048-bit encryption to ensure data safety and privacy.
Where is ColossalBet Legal?
Our ColossalBet bookmaker review shows that it’s currently focused purely on the Australian and New Zealand markets. The bookie holds a full operating licence to offer legal betting services on sports and racing throughout all states and territories, including:
- New South Wales
- Victoria
- Queensland
- South Australia
- Western Australia
- Tasmania
- ACT
- Northern Territory
- New Zealand
The bookie doesn’t accept customers from countries outside of AU and NZ.
ColossalBet Bonuses and Promotions
Like all Aussie bookies, ColossalBet isn't allowed to advertise or promote any signup bonuses for new players due to Australian betting regulations. However, don't write the bookmaker off just yet. It makes up for that with top-value specials and loyalty rewards instead.
ColossalBet Sign-up code – FWCOL
Again, the bookmaker does not advertise any welcome bonuses for new customers. That’s because Australian gambling laws don’t allow that. You don’t need a promo or bonus code when signing up at Colossal Bet, but you can use our referral code: FWCOL when asked for one before, during, or after you create a new account.
The offers for both new and existing punters are visible under My Account section once you’re logged in. Read our ColossalBet code article to learn more about this.
Loyalty Program & ColossalBet Rewards
Details are still a bit thin, but we can confirm that ColossalBet has a loyalty program in the works to reward their most valuable punters. From what we understand, it will use a tier-based system to award enhanced rewards, specials and exclusive benefits the more you play.
ColossalBet Promotions for Existing Customers
As expected, all promotions are tucked away behind the login wall. According to Australian law, all Aussie bookies must do this.
We can say this from our ColossalBet review — that the bookmaker rewards existing customers in the form of bonus cash, odds boosts, loyalty rewards, and cashback. You can deduce this from the FAQ section.
Price Pumps
One of the standout features in our ColossalBet sports review is the daily Price Pumps on selected races and sports events. The Colossal Odds Traders pump up the prices to balloon value, giving punters a real edge over the competition.
For instance, an English Premier League’s football match might see the bookie boost the odds to 7.50 for Everton FC to beat Liverpool FC when the starting odds(and other books) are at 5.30. These ColossalBet offers make it such a tempting option for value punters.
The price pump feature is integrated into the bet slip and is available on all fixed odds and line bets. Multi bets and exotic racing bets don’t qualify for price pumps.
Bonus Cash
Aussie punters can earn bonus cash in various ways. According to our ColossalBet reviews, they offer bonus cash through deposit matches, reload specials, and cashback. Some loyalty rewards may also be redeemed for bonus cash, but we cannot confirm that for ourselves.
You can use the funds on any fixed-odds markets, multi-bets, or exotics. The only exceptions are bets with price pumps.
Safety and Trustworthiness – good but not yet well-known
Our ColossalBet review hands the bookie a score of 4/5 regarding safety and being a trustworthy online bookie. A few things that offer peace of mind include its licence from the Liquor & Gaming NSW, positive user reviews on the App stores, and use of 2048-bit encryption to protect data and secure transactions.
While still a relatively new brand, ColossalBet's origins as a respected on-course bookie lend it credibility. Its NSW licence also ensures that it adheres to strict player protection protocols and responsible gambling measures.
We've yet to see any red flags from users regarding delayed payouts, account security, or the lack of fairness of results. So far, so good on the trust factor.
ColossalBet License – legal in Australia
The bookmaker is licensed and regulated by the Independent Liquor & Gaming Authority in NSW to offer betting services on sports and racing. The regulator oversees bookmaker compliance for online gambling throughout New South Wales.
As mentioned, holding an NSW license is a prerequisite to offering online betting services to Aussie punters. It ensures ColossalBet follows industry standards for security, player IDV, betting integrity and responsible gambling policies.
This regulatory oversight from a reputable authority provides a strong layer of trust for ColossalBet customers that the bookie is legit and playing by the rules.
ColossalBet Reviews from External Sources
My main annoyance on the desktop site was the chat popup. Whenever I clicked it off, it would return once the page refreshed.
Regarding other punters besides myself, the bookie has not yet established itself among Reddit and Trustpilot communities. However, I did find tangible, honest, and even constructive ColossalBet reviews on Google Play and Apple App Store:
| Apple App Store | 👍 “I’ve had no problems. Odds are competitive plus you get two price pumps per day.” — Trout fly fisher | 👎 “The only thing I would like improved is promotions on races” — Jackbet01 |
| Google Play | 👍 “No idea why these guys aren't bigger and more talked about, fantastic bookie, will stay with them for a while!” — Stifel | 👎 “Signed up but they can't verify my information despite given ID's.” — Daniel |
ColossalBet Markets to Bet On
ColossalBet earns a stellar 4.5/5 rating for betting options and variety. The bookie goes above and beyond for racing bettors, with vast markets on thoroughbreds, greyhounds, and harnesses. They cover all Aussie and New Zealand meets, as well as races around the globe.
It has betting markets for all the big professional sporting leagues too, from Aussie rules to baseball and soccer. Overall, there are decent markets to bet on pretty much any sport. We shall detail that in the upcoming section.
Sports Betting Markets
In our ColossalBet sports betting review, we found these are the main sports you can bet on:
| ⚽ Soccer | 🏈 Aussie Rules | 🏏 Cricket |
| 🏉 Rugby League | 🏉 Rugby Union | 🏀 Basketball |
| 🎾 Tennis | ⚾ Baseball | 🏈 Gridiron |
| 🏁 Motor Racing | 🥊 MMA | ⛳ Golf |
| 🏒 Ice Hockey | 🎯 Darts | 🎮 Esports |
They also have a politics section where punters can bet, but we wouldn't consider that a sport.
⚽ Football/Soccer Betting
Soccer fans are well catered for with this bookie, with deep markets and coverage of all the biggest leagues and tournaments, including:
- English Premier League
- UEFA Champions League
- World Cup
- Serie A
- Bundesliga
- La Liga
- A-Leagues
You'll find all the standard match betting markets like win/draw/win, over/under goals, both teams to score, and correct score lines. Expect same-game multis, first/last goalscorer bets, multi-bets, and competitive odds across the board.
🏈 Aussie Rules Betting
Naturally, ColossalBet emphasizes AFL and AFLW betting, being an Australian-owned sportsbook. They provide some of the most extensive markets for:
- AFL Premiership
- AFL Finals
- Brownlow Medal
- State leagues (VFL, SANFL, etc.)
Beyond standard win/line betting, you'll find coin toss, first goalscorer, quarter betting, and race to markets around each Aussie rules match.
Racing Betting at ColossalBet – Extensive horse racing coverage & more
In our ColossalBet bookmaker review, the racing section is where the bookmaker knocks it out of the park. It offers the biggest range of racing markets out of any Australian-owned bookmaker.
You can bet on thoroughbred, harness and greyhound races from every corner of Australia. Plus major meetings in:
- New Zealand
- UK
- Ireland
- USA
- France
- Germany
- Hong Kong
- Singapore
- UAE
Whether it's the Melbourne Cup, Kentucky Derby, Royal Ascot or Japan Cup, you'll find razor-sharp ColossalBet markets and Best Odds Guaranteed pricing. The same goes for all the top Group races and meetings like the Golden Slipper, The Everest, and Cox Plate. Even obscure harness meetings from Sweden or dog meetings from Bulli are available.
ColossalBet Mobile App – a quick overview
Our ColossalBet sports betting review shows the bookmaker’s mobile apps deserve a near-perfect score for its feature list. Available for iOS and Android, they provide easy access to thousands of racing and sports markets on the go.
Expect nearly all the features of the desktop site. This includes live betting, multi-makers, info forms, customer support, and early cash out at your fingertips. It has a polished look with a modern design that's easy on the eyes.
The user interface is also quite intuitive. We also checked ColossalBet reviews on app stores for a clearer picture, however, we were surprised that there really were not that many reviews (less than 100 per app):
| Google Playstore | ⭐ 4.7/5 | 22 |
| Apple App Store | ⭐ 3.8/5 | 94 |
How to Download the ColossalBet App on iOS
In our ColossalBet review, we found several ways to download the iOS app for any iPhone or iPad. The quickest way is to visit the bookmaker website and scroll to the bottom. From there, you can scan the QR code and you’ll be taken to the app’s download page on Apple Store.
Alternatively, follow these steps:
- Open the App Store on your iOS device
- Search for “ColossalBet”
- Select the ColossalBet app and tap “Get”
- Once downloaded, open the app and log in or create a new account
How to Download ColossalBet App on Android
- Open your phone’s browser and go to colossalbet.com.au
- Scan the QR code or click on the ‘Get It On Google Play’ download link
- You’ll be taken to Google Play
- Click “Install” to start the download
- Once installed, open ColossalBet and log in or sign up
A rundown on Banking Options at ColossalBet
Colossal Bet Deposit Options – quick and free
Based on our ColossalBet review, there’s a fair selection of trusted payment methods for depositing at the bookie.
| MasterCard | $10 | $10,000 | Free | Instant |
| Visa | $10 | $10,000 | Free | Instant |
| ColossalBet MasterCard | $10 | $10,000 | Free | Instant |
| BPay | $10 | $10,000 | Free | Up to 1 day |
| Blueshyft Cash-In | $10 | $8,000 | Free | Instant |
| Bank Transfer | $10 | $50,000 | Free | 1-2 days |
Withdrawal Options at ColossalBet
The bookie offers a handful of payment methods for cashing out your winnings:
| Credit or Debit Card | $5 | (N/A - depends on your bank) | Free | 1-3 days |
| ColossalBet MasterCard | $20 | $1,000 | Free | Instant |
| Bank Transfer | $20 | $50,000 | Free | 1-3 days |
ColossalBet Customer Support
Regarding customer service and support, the bookmaker delivers a superb experience on par with top-tier bookies. You can reach their friendly and knowledgeable support team in the following ways:
- 📞 Phone: (02) 7202 7462 (8 am – 9 pm)
- 📧 Email: [email protected]
- 📋 Web Form: https://colossalbet.my.site.com/help/s/contactsupport
- 💬 Live Chat: 24/7 via website and apps
The phone and live chat channels are staffed for urgent issues from 8 a.m. to 9 p.m. AEST daily. During business hours, email and web form requests are responded to within 24 hours.
Responsible Gambling at ColossalBet
Bettors can find a bevy of responsible gambling tools and resources, including setting deposits, wagers, and time limits. They can also self-exclude via BetStop. ColossalBet also provides direct links and hotlines to professional organisations, including:
- Gambling Help Online – Call 1 800 858 858 or visit www.gamblinghelponline.org.au
- BetStop – www.betstop.gov.au
