ColossalBet Sports Review for AU – Mobile App & Betting Bonus

Since 2021, ColossalBet has been providing Australian bettors with high-quality wagering options for the most popular sports, including horse racing. In this ColossalBet sports review, we’ve explored the site’s best and worst features, covering topics such as the platform, the markets, the bonuses, the odds, the app, and much more.

Top for Race Betting
96.80% RTP
Site Rating 4.70/5
AU Site www.colossalbet.com.au
RTP 96.80%
Best for Basketball Betting
Mobile App Android, iPhone
Sports AFL, Cricket and 18 Other Sports
Best Features Price Pump, Fair Odds
Payments
Licence Racing NSW, NSW Office of Liquor, Gaming and Racing
Founded 2021

The ColossalBet Sports Betting Site

Bet at ColossalBet

Last Updated on 29 Sep 2023 by Harrison Newton

Before we begin, we want to let you know that this site has been verified to be safe, legal, and trustworthy. It has been licensed by Racing NSW, which means that it adheres to strict regulations when it comes to responsible gambling and secure betting products. We’ll discuss this topic further in this review.

We have graded this site according to strict grading criteria that take into account the most important elements for bettors and critics. These include an overview of the available sports and a description of the pros and cons. We’ve also outlined how you can register with ease and whether new player promotions are available.

Overview of the ColossalBet Sports Betting Site

ColossalBet is a legal online sportsbook operating in Australia since 2021. It is licensed by Racing NSW and the NSW Office of Liquor, Gaming and Racing. There is no ColossalBet sports betting bonus due to local regulations. The platform offers AFL, Rugby League, and 18 other sports betting options. The best features include price pumping and fair odds. The ColossalBet sports platform is powered by proprietary technology, and the mobile app works on Android and iPhone devices

Advantages and Disadvantages of ColossalBet for Australian Betting Fans

It’s a simple matter of fact that all sportsbooks have pros and cons. It’s important to understand the elements that are most important to you so you can make an informed decision about where to sign up. As you can see below, the ColossalBet sports betting platform offers more advantages than disadvantages.

ColossalBet Pros and Cons
  • Fair Odds
  • Horse Race Betting
  • Regular Promotions
  • Wide Sports Variety
  • Many Sports Markets
  • Stable Web Platform
  • No Early Cash Out
  • No New Player Bonus
  • No PayPal Transactions

We have identified several pros, including the variety of sports options and the available markets, the quality of the odds, the web platform, its return customer promotions, and the horse race betting lobby. That said, the site is not without its flaws. The site’s payment options could be improved, and additional features such as early cash outs would be appreciated.

While we believe that these flaws can be overlooked, we recommend that you consider all available options before you make your final decision. You can visit our list of the best Australian sportsbooks to see how the other legal options have fared in our reviews and register through convenient sign-up links.

How to Register at the ColossalBet Betting Site

How Can You Join the ColossalBet Betting Platform?

  1. Head to the ColossalBet sports betting website. Click the join button.
  2. Provide your name, email address, and contact details. Submit your ID.
  3. Once your age and identity have been verified, proceed to the cashier.
  4. Choose your deposit method and set your transaction value. Confirm this.
  5. One your deposit has cleared, head to the betting lobby to wager.

What Does the ColossalBet Sports Platform Offer in Australia?

As soon as you open the ColossalBet sports betting site, you’ll notice that the first markets to be featured are for horse race betting. This indicates that the platform is predominantly made for horse race bettors. The web design utilises a gold and white colour scheme, with the lobby stable and reliable to facilitate smooth betting.

When you scroll down, though, you’ll find a well-stocked list of betting options for a range of other popular sports. Our ColossalBet sports review discovered that the bet-building process is simple and intuitive, and it’s incredibly easy to register and fund your account. The platform itself is a highlight of the site.

ColossalBet AU Sports Betting Markets: Australia’s Favourite Sports

We committed a complete evaluation of the betting options and found that you can wager on 20 sports categories. This is a relatively standard betting option for Australian sportsbooks. When you click on each sport, you’ll find that many offer a range of local and international leagues and divisions. The available sports are as follows:

  • Australian Rules Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • Elections
  • Golf
  • Gridiron
  • Handball
  • Ice Hockey
  • MMA
  • Motor Racing
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Tennis
  • Volleyball

We were very impressed by the sports wagering options at ColossalBet. At the top of this betting lobby list, you’ll find that the most popular sports options are highlighted, including the AFL, cricket, rugby, and soccer. There are often many markets for these sports depending on the progress of a season.

You’ll also be able to find odds for major sports leagues from the UK and USA, including the NFL, NBA, MLB, NHL, and the English Premier League. As is common with many Australian betting sites, you’ll also be able to wager on special events such as elections. Unfortunately, there are no markets for eSports yet.

The most popular sports to bet on in Australia will depend on the time of year, though the major options include AFL, rugby league, soccer, and basketball. For these, major events such as the AFL Grand Final or the State of Origin tend to inspire the most wagers. As for international events, the English Premier League generates plenty of activity with bettors, as does the FIFA World Cup.

The best thing about soccer betting is that there are always international leagues to wager on. For basketball betting, the NBA is highly popular, as is the NCAA March Madness tournament.

Can Australian Bettors Place Wagers On eSports from ColossalBet?

In recent years, there has been a growing appetite for eSports betting in Australia. These are popular as games tend to be much shorter than non-digital sports, so there remain regular opportunities to wager as well as the ability to earn fast payouts. The most popular eSports to bet on are League of Legends and CS: GO.

Unfortunately, there are no eSports markets on offer at ColossalBet. If you’re looking for a high-quality betting site that offers these odds, we suggest that you check out our review for bet365. If the site offers these exciting betting options, we’ll be sure to update this review to cover them.

What Else Can You Play at ColossalBet?

In addition to the sports betting options at ColossalBet, you’ll be able to bet on horse and greyhound racing. While this is still a form of sports betting, not all sites may offer this, while some bookmakers will exclusively offer racing wagers. There is a wealth of markets to wager on, including futures and specials. As online casino gambling is illegal in Australia, you won’t find casino options to wager on here.

ColossalBet Bet Types and Options Available in Australia

You have access to a broad suite of markets when betting at ColossalBet. However, the exact number of markets for each sport will vary, with some options being more common than others. The most popular type of wager is a head to head. This requries you to back which team or player will win a game.

You’ll also be able to make multi bets with all markets, and in some cases, you may also be able to wager on some sports live. You may also want to make player props. These are wagers on events that don’t necessarily have to do with the outcome of a game, such as the first team to score. We’ve explained some of the top betting options below.

ColossalBet Bet How It Works in Australia Available On
Multis A wager on multiple markets as a single bet. The odds are higher, with all selections needed to win. All Sports
Live Bets This is a bet on a game that is currently in play. Can only be made over the telephone. AFL, Baseball, Basketball, etc.
Futures A wager on the future outcome of a series of events such as the champion of a season. AFL, Soccer, Basketball, etc.
Over/Unders A wager on whether a statistic for a game will be over or under the projected amount. AFL, Gridiron, Soccer, etc.
Handicaps This sees the underdog given a handicap to even the playing field, making them more attractive to back. AFL, Soccer, Basketball, etc.

We tested the odds for all of these markets and found that the payouts are competitive with other major Australian bookmakers. We are satisfied with the betting options available at the ColossalBet sports platform and are confident that users will always be able to customize their wagers according to their preferences.

The ColossalBet Betting Features: Price Pump & BestDivs

There are several great features provided by the ColossalBet sports app that will keep you returning. The first of these is the Multi Builder. This allows you to easily build multis with an enhanced interface. You’ll also be able to take advantage of pre-built multis with reasonable odds. All of the available special features are as follows:

The other is a price pump, which can be offered as a promotion or at random to returning customers. This will see the odds for certain markets enhanced so your profits are boosted. The best divs feature is available for Australian thoroughbred racing only. It will be settled in accordance with the middle tote.

While we are happy with the features available here, it does lack some that other major betting sites offer. Namely, the lack of an early cash out or live streaming of some sports events. Nevertheless, the features are still appealing, especially to horse and greyhound race bettors.

What Is The ColossalBet​ Sports Sign Up Bonus for New AU Bettors?

In July 2023, the Australian government outlawed welcome bonuses and rewards programs. For that reason, you will unable to claim a new player promotions when you sign up to this platform or any other licensed bookmaker in the country. This law was introduced to limit problem gambling harms.

Payout: 96.80%
  • Interactive Platform
  • Generous Bonuses
  • eSports Betting Featured

While you cannot claim a ColossalBet sports sign up offer, you will regularly be able to find other promotions as a returning customer. These may be offered during special events or when you make deposits. We have discussed the available promotions in the following section.

ColossalBet Betting Promotions: Claim Bonus Cash

As a returning customer, you’ll be given frequent opportunities to claim promotions at ColossalBet. The most common is bonus cash. This could be given as funds that are matched to your deposit, and can be wagered on any sport or market. However, there may be minimum odds or wagering requirements to meet to convert these funds to cash.

Another promotion that is regularly offered is a price pump. Often called an odds boost, you’ll be able to use these on select markets to boost the odds and enhance your payouts. These are frequently offered for major sporting events such as the AFL Grand Final or throughout the regular season of popular sports.

ColossalBet Betting ​​Promotion AU Sports Bonus Offer Terms Seasonal Active
Bonus Cash All Sports Varies Only available to eligible customers. Bet restrictions and T&Cs apply. Available Year Round Check Here
Price Pump All Sports Varies Only available to eligible customers. Bet restrictions and T&Cs apply. Available Year Round Check Here

The ColossalBet Sports Promo Codes Available in Australia

You won’t be able to find a ColossalBet sports promo code to claim any promotions due to the current legal restrictions on bonuses. Instead, once you have created an account, you’ll be able to find any available bonuses through a special promotions page. You’ll then just need to click to opt in and meet any minimum deposit requirements.

Can You Bet at ColossalBeton Mobile from Australia?

Are you looking for a more convenient way to bet on sports and racing? Then why not download the ColossalBet sports app? This is completely free to download and is compatible on both iOS and Android devices. You can find a link to the app stores when you visit the site through your mobile browser.

The ColossalBet Mobile Sports App/Site
  • Android: Red Velvet Caske or Later
  • iOS: iOS 11 Name or later
  • Live Betting: No
  • Live Streaming: No
Best Mobile Sports Betting

We tested all versions of the mobile app and found that it was fast, stable, reliable, and easy to navigate. You’ll be able to find all available odds and markets with ease, as the platform has been designed for intuitive small screen navigation. It also provides access to all major features, including customer support.

There are plenty of advantages to using the app over the desktop platform, with the most obvious being that it is far more convenient. You’ll be able to easily bet while watching your favorite sports on the TV, make deposits and withdrawals, and build mutlis. We were impressed by the overall quality of this ColossalBet sports app.

The Deposit and Withdrawal Options for AU Players

There are several options available to facilitate deposits and withdrawals at ColossalBet. These include debit and credit cards, bank transfers, and cash. While deposits are processed instantly, withdrawal characteristics will vary. There are no fees charged on any deposit. To make a deposit, head to the My Account page, click Deposit, and choose your desired method and value.

ColossalBet Payment ​Method AU Min Deposit Withdrawals Fees Mobile App
$10 Yes Vary Yes
$10 Yes Vary Yes
$10 Yes No Yes
$10 Yes No Yes

If you wish to deposit with Cash-In, you can use find your nearest retailer within the cash-in feature. It’s also worth noting that you can set deposit limits. As for withdrawals, you are only able to use Visa and Mastercard and bank transfers. Withdrawal requests are processed Monday to Friday and can take up to three days to reach your account.

There is a minimum $10 transfer limit for both deposits and withdrawals. As this ColossalBet sports review has covered, this site is legitimate and licensed, so you can rest assured knowing that your transactions are secure. While we are satisfied with the options available, it would be convenient if payments with eWallets such as PayPal were also supported.

ColossalBet Company Info: A New and Reliable Betting Option

ColossalBet is owned and operated by Ryman Racing Pty Ltd. This company is headquartered at the Royal Randwick Racecourse, which is Australia’s longest-running race venue. It is located in Sydney and is famous for hosting the Everest, which is the richest turf race in the world. It also hosts the Australian Derby and Sydney Carnival.

Company Name: Ryman Racing Pty Ltd
Established: 2021
Headquarters: Randwick, NSW
Phone: 02) 7908 6250
Email: support@colossalbet.com.au

It is clear to see, then, why the sportsbook provides such a great betting experience for horse race bettors. ColossalBet is the only gambling site operated by the company, and considering its relatively young age, it still has some ways to go to be a major competitor against other well-established sites as it is only operating in Australia.

It has not yet won any industry awards, and it does not sponsor major sports events outside of those at the Royal Randwick Racecourse. Nevertheless, it holds a gaming license so is verified to meet strict local regulations surrounding fairness and player safety. We’ve explored this in further detail below.

Licensing & Security Features in Australia: A Safe and Secure Site

The first thing that we did before undertaking this review was confirm that it holds the relevant gaming licenses for legal operation in Australia. It has been approved by Racing NSW in addition to the NSW Office of Liquor, Gaming and Racing, which indicates that it meets the regulators’ strict safety, security, and fairness mandates.

  • BetStop
  • Amazon
  • RSA
  • GamblingHelpOnline

In order to be approved, the site has had to implement SSL encryption technology, which in this case has been provided by Amazon RSA. This prevents hackers from accessing customers’ sensitive data. Furthermore, it prevents minors from creating account with the KYC customer identity verification process. This is also used to prevent money laundering and protect site integrity.

Finally, the site has proven a strong commitment to responsible gambling. It includes the BetStop feature, which is a self-exclusion registry. Players will be able to find problem gambling support through GamblingHelpOnline too, which is a free online resource whereby people can find free counselling and other support.

ColossalBet is available in no other countries. This is not surprising, as it is operated by a local racecourse. The site is only available in English. Keep in mind that if you travel, you will be prevented from accessing the site due to geoblocking technology. If you travel frequently, you may want to consider other options.

Reviewer’s Opinion – A Great Site for Race Bettors

To conclude this ColossalBet sports betting platform review, we can state that this is a well-rounded platform with a lot to love. There are fair and competitive odds for 20 sports, including the AFL, soccer, and cricket, with live betting also available. The web platform itself is robust and stable, and this extends to the mobile apps too. There are a wealth of great features, especially for race betting, and return customers will be able to access regular promotions.

Harrison Newton
Еditor & Australia Betting Expert

The ColossalBet platform provides plenty of markets for Australia’s most popular sports, including rugby and the AFL. It is particularly great for horse race betting.

Before you sign up, we suggest that you consider our list of advantages and disadvantages. As you will see, there are some cons to this site that must be considered. For example, the lack of eWallets as a payment method is somewhat disappointing, as these tend to be very convenient. There is also no early cash out option, nor is there any live streaming options. Regardless, we’re satisfied that this will still appeal to most bettors.

Frequently Asked Questions From Australian Betting Fans

If you didn’t have time to read this whole page but are looking for fast answers to your ColossalBet queries, keep reading. Here, we’ve addressed some commonly asked questions about the platform, from the legality of the site to the betting options. For more details, click on the links in each answer to jump up to the relevant sections.

​1️⃣​ Is ColossalBet legit for Australian bettors?

As we have covered in our ColossalBet sports review for Australia, this platform is completely legitimate. We have verified this by the fact that it holds a gaming license from Racing NSW. It is also operated by the Royal Randwick Racecourse, which is a well-known and widely respected gaming company.

​2️⃣​ What's the ColossalBet sports betting bonus deal for May 2024?

Due to local regulations, there are only return player promotions. This means that new players won’t be able to claim a welcome promotion. Nevertheless, the current bonuses can be very generous, and include bonus cash and odds boosts. These are available for most sports and markets but will have terms and conditions to meet.

​3️⃣​ Is ColossalBet good for betting on mobile from Australia?

Yes, you can bet on sports and racing through a high-quality mobile app. This is available for iOS and Android devices, and supports all major features that are available on the desktop app. This includes bet-building, transactions, and registering for a new account. The mobile apps are stable, reliable, and easy to navigate.

​4️⃣​️ Does ColossalBet have any promo codes for Australian bettors?

No, you won’t be able to claim any promo codes at ColossalBet. Instead, you will need to have created an account to access the site’s promotions page. From there, you’ll be able to opt into the promotions. These can include deposit matched bonus funds and odds boosts. You may need to meet minimum deposit requirements to qualify.

5️⃣​️ What is ColossalBet?

As can be found in our site summary, the ColossalBet sports betting site was launched in 2021. It is owned and operated by Ryman Racing, which has its headquarters at the Royal Randwick Racecourse. Because of this association with racing, it is a great option for betting on greyhound and horse races in addition to popular sports.

​6️⃣​ How can I deposit at ColossalBet from Australia?

There are several payment options available to make both deposits and withdrawals at this betting site. These include Mastercard and Visa credit and debit cards, cash, bank transfers, and bPay. The minimum deposit limit is $10, and most deposit options are processed immediately. You’ll only be able to use Mastercard, Visa, and bank transfers for withdrawals.

7️⃣​ How do I register at ColossalBet in Australia?

It is extremely easy to sign up to ColossalBet. First, click on the links listed throughout this page to head to the homepage. Then, click the Join button. You’ll then need to provide your personal details such as name and address, before submitting your ID for age verification. Once this is complete, you can make a deposit and start betting.

8️⃣​️ Is ColossalBet the best betting site in Australia?

While ColossalBet is a great betting site, it is not the best betting site in Australia. This is because there are some features that the site does not offer that other major competitors do. We recommend you check out our list of the best Australian sportsbooks  to find a ranked list of top bookies and read our in-depth reviews.

​9️⃣​ Can I bet on the AFL using ColossalBet?

There are plenty of great sports markets available for the AFL at ColossalBet, and in fact, it’s one of the site’s most popular betting options. There are fair odds for options such as head-to-heads, props, and futures, and you can even place live bets on in-play games through a special telephone line.

🔟 Is the ColossalBet AU platform legal?

We have confirmed that this is a legal site due to the fact it holds a gaming license from Racing NSW and the NSW Office of Liquor, Gaming, and Racing. In orded to receive approval, the site had to prove that it meets strict regulations surrounding fairness, safety, security, and responsible gambling practises.

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