Colossalbet Review [July 2024]

Reliable Betting Offering & Streamlined Banking Options
  • Betting Variety
  • Banking Options
  • Mobile experience
  • Betting Experience
  • Customer Support
Total score

Top Features

  • ColossalBet blog
  • ColossalBet IQ Feature
  • ColossalBet Mastercard
  • Withdrawal Speed
  • Racing Form Guide
  • Live Betting Feature
  • No Live Streaming
  • Customer Service Hours
  • No Same-Race-Multi Betting

Colossalbet Review

By:Katherine Mouradian

There are plenty of Colossalbet reviews out there but MyBettingAustralia has you covered with all the important aspects that they really want to know about Colossalbet. Launching in 2021, Colossalbet has already made a pretty big dent in the Australian bookmaker industry. 

Colossalbet Info Card

I can’t wait to share with you all the information I found, but before I continue with one of the best Colossalbet reviews going around, I’ve put together a profile table. You can find out more about Colossalbet’s profile below:

Website: Owner: Ryman Racing Pty Ltd
Year Founded: 2021Address/Headquarters: Royal Randwick Racecourse, Sydney
Licence and Regulation: Licensed by Liquor and Gaming New South WalesSponsorship Deals: N/A
Features: Colossalbet IQ, blog, price pump and live bettingBanking Options: Debit Card, Colossalbet Cash-In, Colossalbet Mastercard, Bank Transfer and BPay
App Devices: Yes, available on Apple iOS and Android devicesOdds Providers: N/A

Contact Information:

Live Chat Function

Email Support (through form on their website)

Phone Support (02 7202 7462)
Phone Betting Support (02 7908 6250)

About Colossalbet

One thing that you’ll probably find in common with all the different Colossalbet reviews out there is that this bookie is certainly standing out from the crowd. They aren’t one of the small betting sites, they have been around since 2021 and are excelling in several different areas.

There are a stack more sports and racing events and markets available to bet on, than compared to some of the newer bookies in the industry. They even cater to the more obscure sporting events, for example, they provide markets in soccer for the Singaporean Premier League!

For the more popular sports and racing events, they offer a complete range of markets, but I’ll touch more on that later. You’ll also love the fact that their odds are pretty competitive as well. So not only is there a huge variety of markets to choose from, you get some great value as well.

They also excel in other areas like providing personalised tips, producing a blog and offering a Colossalbet card, which allows for instant withdrawals. Their customer support is among some of the best I’ve ever dealt with, both quick and friendly. Put simply, there is a lot on offer from Colossalbet, so they are certainly worthy of checking out.

Colossalbet Strengths and Weaknesses

With every bookie, including Colossal Bet, there are going to be pros and cons. Each punter will be looking for specific things with a bookie, so it’s up to you to decide whether Colossal Bet has all the important things that you are looking for.

This Colossal Bet review doesn’t just highlight the positives but I’ll also walk you through some of the potential areas of improvement. You must have all the relevant information, both good and bad, so you can make the right decision. Keep reading to find out more about the pros and cons of Colossal Bet.

👍Colossalbet Strengths

Some of the most important pros associated with Colossalbet include:

  • Competitive odds most markets
  • Colossalbet IQ offers personalised tips
  • An up-to-date blog for more details about upcoming events
  • Premier customer support team
  • Colossalbet Mastercard allows for instant withdrawals
  • Detailed racing form and insights

👎Colossalbet Weaknesses 

Some of the most important cons associated with Colossalbet include:

  • No live streaming
  • Limited promotions
  • Occasional issues with the app

👨‍⚖️Colossalbet Betting Verdict

From my point of view, the pros certainly outweigh the cons, making Colossalbet one of the best betting sites in Australia. They are popular right around the country, but I would say New South Wales and Victoria are the two states where Colossalbet is the most popular, so it’s not surprising to see that they are one of the top Victorian betting sites going around.

While they don’t have as many promotions as the major players in the market, they do have a decent enough range for the average Joe punter and I love how much work they’ve put into their racing product, with heaps of form and insights available. Their range of markets is great as well, offering the opportunity to bet on some of the more obscure leagues in sports.

Colossalbet Features

As soon as I was on the Colossalbet website, I was completely inundated with features! Colossal Bet Australia is filled to the brim and it took me some time to analyse all the features and pick the four that I believe will have the most influence on potential punters. The top Colossalbet features that I think you’ll love the most can be found below.

Colossalbet IQ

This is probably my favourite feature available with Colossalbet. Colossalbet IQ offers personalised tips that are based on your betting history. It’s a very intuitive feature and if you’re the kind of punter who is looking for a little bit of guidance, Colossalbet IQ will certainly come in handy.


When conducting my Colossal Bet review, I came across Colossalbet’s blog. I’ve only ever seen some of the bigger bookies offering a blog and most of the time it isn’t that crash-hot. However, I was pleasantly surprised with the Colossalbet blog. They offer some great up-to-date information on the latest racing and sports events.

Price Pump

If you’re looking for more value for your bet, the price pump feature from Colossalbet should certainly do the trick. With the price pump, you can increase your odds if the market you are betting on is available for this feature. Once you’ve added the bet to your betslip, the price pump button may be displayed, to activate it, all you have to do is click on it.

Live Betting

Live betting is an important feature that a lot of the bigger bookies will offer. If you’re interested in making the game you’re watching even more exciting, all you need to do is call up the betting customer service team to place your bets. 

Colossalbet Odds

You’ll find a running theme with all the Colossalbet reviews that their odds are pretty good. I’ve gone through and compared Colossalbet’s odds for a range of markets with other bookies in Australia and more often than not, Colossalbet performs well. This is quite surprising considering competitive odds are usually where newer bookies fall down.

They also have a few features and promotions that allow you to get even more bang for your buck. While you can usually get decent odds with Colossalbet, don’t forget to shop around with other bookies as well because most of the time they have different odds for the same market and you could easily find a little bit more value.

Colossalbet Markets

From horse racing betting to NRL betting and everything in between, Colossal Bet has a mammoth range of markets available. They offer markets on all three racing codes, including both international and domestic races. As previously mentioned, they also offer markets on some of the more obscure sports leagues, including the Singaporean Premier League, for example.

All the common bet types for racing and sports can be found on Colossalbet and they have enough to compete with some of the bigger names in the market. For horse racing, some of the bet types include; win, place, each-way, quaddie, daily double, first four, trifecta, quinella and exacta.

When it comes to sports, you’ll also find several betting options available, which greatly depends on the sport you’re looking to bet on. Some of the generic sports-related bet types include; Mult, Same Game multi, margin, head-to-head and half time/ full time. Colossalbet offers a range of markets in heaps of sports as well including:

  • Australian Rules
  • Baseball
  • Basketball 
  • Boxing 
  • Cricket
  • Cycling
  • Darts
  • Esports
  • Golf
  • Gridiron
  • Mixed Martial Arts 
  • Motor Racing
  • Netball
  • Rugby League
  • Rugby Union
  • Snooker
  • Soccer
  • Surfing
  • Tennis
  • Volleyball

Colossalbet App

Finding a bookie with one of the best betting apps can be a little tricky because everyone is looking for something slightly different. For the most part, Colossalbet ticks all the boxes. The Colossal Bet app is easy to navigate and it offers all the same features you’d find on the website.

One thing I will note, however, is that it’s lucky I have an iPhone because if I had an Android, I wouldn’t be able to test out the app when putting together this Colossal Bet review! I was looking around on the Google Play Store for information about the app and couldn’t find anything. I ended up getting in touch with the customer support team to see what was going on.

You can read some of the conversation below that I took a screenshot of, but basically, there were major issues with the Android app which resulted in Colossalbet pulling the app from the store while they fixed it. Not a good sign if you ask me! From my experience with the iOS app though, everything was working as it should.

The iOS app was loading fast and certainly met all my expectations. If you want a slick and enjoyable betting experience, this app ticks all the boxes. Hopefully, the issue with the Android app issue was just a once-off issue and all those Android users can download the app soon.

Colossalbet Promotions

Colossalbet has a solid range of promotions available, I would probably put them in the middle of the pack when compared to all other bookies on the market. You’ll probably find more promotions with some of the bigger players, but Colossalbet still has a good offering.

Don’t forget that Colossalbet (and all other Aussie bookies for that matter) cannot offer sign-up bonuses for new customers. All of Colossalbet’s promotions are geared towards existing customers. You’ll also need to log into your account to see the range of available promotions.

They have racing and sports-related promotions, so no matter which type of punter you are, they’ll have you sorted. Some promotions you can’t find anywhere else, so it certainly pays to check out Colossalbet to see just how much bang for your buck you can get.

Colossalbet Withdrawal

One of the great things about Colossalbet is that they have a range of payment options available. Most Colossalbet reviews focus on the withdrawal side of things and for good reason too! Punters want to know how they can collect their winnings and how long it takes to hit their banking account!

For withdrawals, you can choose from a bank transfer or the Colossalbet Mastercard. If you have a Colossalbet Mastercard, the Colossalbet withdrawal time will be instant, which is certainly a great addition to their offering. So, if you’re looking for a bookie with the fastest withdrawal time, you very well may have found it with Colossalbet.

To be able to withdraw winnings, first, you’ll have to deposit funds! There are plenty of options available with Colossalbet when it comes to depositing (but at this stage, PayPal betting isn’t an available option). Check out all the deposit options available below:

  • Debit Card
  • Colossalbet Cash-In
  • Colossalbet Mastercard
  • Bank Transfer
  • BPay

Colossalbet Customer Support

In any Colossal Bet review, checking out how the customer support team stacks up is very important. So, I am pleased to inform you that Colossalbet is known for its premium customer service. There are plenty of ways you can get in touch with the support team if needed. When you do, they are friendly and work to get your issue resolved quickly.

The different ways you can get in touch with the customer support team include:

  1. Live chat (through the website and app)
  2. Email (through form on their website)
  3. Phone (02 7202 7462)
  4. Phone - for betting (02 7908 6250)

I prefer speaking with customer service through live chat and when I initiated a live chat with the Colossalbet team, it took less than a minute before I was connected with an agent. The customer service team is available each day from 8am to 9pm (AEST).

Colossalbet Australia Review FAQs

I hope you found this Colossal Bet Review as comprehensive as possible, but if you’ve still got some questions, this FAQs section will hopefully sort you out. I’ve gone through and found some of the most popular questions people have about Colossalbet and answered them below.

Who owns Colossalbet?

The Colossal Bet owner is Ryman Racing Pty Ltd. The business has been registered to Ryman Racing Pty Ltd since 2020 and they operate out of Royal Randwick Racecourse, Sydney.

Is Colossal Bet legit?

Yes, you’ll be pleased to know that Colossal Bet is licensed by Liquor and Gaming New South Wales, so they are certainly legit. They are, in fact, one of the best betting sites in Australia due to the wide range of features available.

What markets can you bet on with Colossalbet?

There are plenty of markets you can bet on with Colossalbet, this is an area they exceed in. You’ll find a massive range of markets on both racing and sports, so no matter what you’re interested in, you’ll likely find a market with Colossalbet.

Is live betting available with Colossalbet?

Live betting is indeed available with Colossalbet. If you would like to bet live, you’ll have to call the customer support number that is specifically assigned for betting enquiries, which is 02 7908 6250. Live betting is a great feature that not all Aussie bookies can offer.

How to log into Colossalbet?

When it comes to Colossalbet login, it’s pretty easy. Just look for the “Login” button in the top right-hand side corner of the page. You’ll just have to add in your username and password and then you’re as good as gold.

Conclusion & Final Thoughts

While Colossalbet may not be a household name, I think it has some amazing qualities that all punters will enjoy. They are constantly delivering a top-notch betting experience, with the only hitch I found was that the Android app wasn’t working. They have excellent customer service so it’s no surprise that they have some pretty loyal customers.

They have a mammoth range of markets available (for both racing and sports) and their odds are known to be very competitive. Colossalbet IQ and their blog offer something a little different that not a lot of other bookies have. The Colossalbet Mastercard is perfect for those who want to see withdrawals instantly in their accounts.

Reliable Betting Offering & Streamlined Banking Options