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Colossus Bets Review / Demo

Please user Refer A Friend code, geegeez, when opening an account at Colossus Bets

Please user Refer A Friend code, geegeez, when opening an account at Colossus Bets

Colossus Bets Review / Demo

Colossus Bets is a pool betting platform for wagering on UK and Irish racing as well as many other sports. It is much loved by geegeez.co.uk subscribers for its flexibility. Players on Colossus may syndicate, or crowdshare, their bets; they can cash out all or part of their bets; and they can receive consolation payouts for being 'nearly right'.

If you like playing multi-leg place or win bets, like the placepot, I think you'll really love Colossus Bets. And if you sign up for a Colossus account, please use Refer A Friend code, geegeez - we receive a small percentage of your staked amount, which I put to good use in building new bells and whistles on this site (as well as an occasional cappucino for yours truly..!)

IMPORTANT There are very few betting companies we promote. The reason I am happy to promote Colossus is that, unlike traditional bookmakers, you don't have to lose for me/us to get a small referral fee. Rather, Colossus fund that from their takeout, the same as any other pools provider. That means we (obviously) want you to win!

Check out this video, which shows how Colossus Bets works, and why I love it so much...

And then signup for a Colossus account here (they'll offer you some bonus signup chips based on your first three days' spend)

 

Matt

**THE hottest betting opportunity right now**

I emailed the geegeez.co.uk mailing list yesterday to alert them of a brand new betting opportunity which is currently loaded in favour of the punter. While that short-term situation may change in the not too distant future, there are other solid reasons to stick with this innovative firm - and especially to get stuck in right now.

This has all come about due to the end of a seven year exclusive license Fred Done (Betfred) had on pool betting on UK racing. Friday 13th July was supposed to hail the brave new era of pool betting as a result of Britbet, a company created by racecourses to generate revenues for racecourses: "By racing, for racing" as their strapline almost got it right.

However, Britbet were usurped at the eleventh hour by a shadowy collective operating under the somewhat presumptuous title of "Together for the Tote" (TftT hereafter). As a result of not actually knowing who is behind this consortium or what their proposition is, either for the customer or indeed for racing, it is pretty hard to be 'together' with them, and rather easier to demand they show a little - actually, a lot - more of their hand.

Regardless, in the short term, their arrival on the scene has meant Britbet have deferred on revealing their own suite of products to rival totepool until at least October. Why is this relevant? Well, quite apart from the interesting, perhaps typical, racing back story - the words "p155 up" and "brewery" again spring to mind - there is a sort of vigilante offering which has emerged.

'Vigilante' is not quite the right word, because Colossus Bets are a stand up firm that has been in business for a few years now, operating predominantly in football markets where they have a £1 million jackpot wager.

What they also have, which is what attracted Britbet to them in the first place, is an industry-leading tech platform. In fact, it's not just industry-leading, it actually laps the opposition. Colossus were doing cash out, and partial cash out, before it was cool to do cash out; they offer consolations in many of their markets when you go close but one (or sometimes two) let you down; and they have a 'syndicates' feature which enables 'captains' to create a ticket and crowd fund it. That's what I emailed about yesterday, and what a number of you joined me in.

The technology is slick, as is the interface - on both desktop and mobile - but what about the bets?

It's very early days so things can be expected to progress from this opening gambit. But a current provision of 'place 6', which exactly replicates the placepot but with a lower takeout (20% versus 27% on Fred's ticket); and win bets for sequences of four and six races ('Pick 4' and 'Pick 6'), with consolations for 5/6 and 4/6, and 3/4, offers plenty of appeal.

In the long-term the products will be judged by their liquidity - how many people bet on them, and how much they bet - but for now there are guarantees which extend beyond the actual amount of money wagered. These 'seeded' pools make for good value: essentially we're talking about a 'top up' of free money, akin to a small rollover.

And the dividends have been significantly out-performining SP and the placepot.

The three syndicates I ran yesterday yielded a pretty good return on investment in the two winning bets (the other was a five out of six job where the placepot was not won - anyone with one of the three placed horses in leg four (12/1, 14/1 twice) would have scooped the whole pool. Pool scooping, even on small pools, is a very satisfying thing...)

Your first 30 days for just £1

I took 20% in each of the syndicates - captains can take anything from 10% to 50% - and geegeez.co.uk readers took the other 80%. As you can see, my outlay was around £80 and the return roughly £275. Nothing life changing, but a decent profit for not doing anything remotely ground-breaking. Indeed, our £80 ticket collected £979.48 for players.

 

A couple of nice early strikes in the Colossus Bets place pools

A couple of nice early strikes in the Colossus Bets place pools

 

And I did personally have a crack at the Southwell Pick 6, with its £15,000 rollover and four short-priced favourites. I bravely (*stupidly) banked on Gustav in leg two, who failed by a fine margin to get back up; and that after Classic Jewel had done the same in the opener with a third as much running-on money as the winner. I dropped about £90 across 15 ABCX tickets using the geegeez pool bet ticket builder. Ho hum.

With just £3,000 actually wagered on Sunday on top of the rollover, the dividend was a massive £5,577.06 for a £2 line. The same £2 at SP paid just £779.63.

Close to a decent payout on the Pick 6

Close to a decent payout on the Pick 6

 

Ultimately, these pools have to wash their face for the provider, so it will be interesting to see how liquidity grows in the next few days and weeks, and also to what level the pools are guaranteed. But the fact that the takeout is notably less than the traditional placepot is a big ongoing plus.

As things stand, I'm putting all of my pool bets through Colossus until such time as the dividends suggest that's no longer sensible. As you can see, that's the right thing to do currently, unless you think there's going to be a greater than 3000/1 dividend.

Day 1 (Friday)

Day 2 (Saturday)

 

Day 3 (Sunday)

.

Day 4 (Monday)

How do you get involved with these great betting opportunities?

 

Account Registration

  1. You need a Colossus account. If you haven't got one, you can sign up here and Colossus will fund your account with the same amount you bet in your first 72 hours, up to a maximum of £100. YOU MUST USE THE REFER A FRIEND CODE TO GET THE BONUS (SEE BELOW).
  2. You can be a friend to geegeez by using the 'Refer A Friend' code, geegeez - Colossus will then send a small rebate to us from their takeout when you bet. They welcome winners and you absolutely do not need to lose for us to get our small commission. In fact, they give us a tiny bit more when you win, which is why I'm keen to promote them. So please, take down some of the big pots, would you?! 🙂
  3. Here's the signup link again (and thank you).

 

 

Joining Syndicates

Joining one of my syndicates is easy. Click this link, choose which one you want to play and for how much, and that's it.

If the page says 'No syndicates available', that means it's filled up already. You can 'follow' me on there, and I'll also tweet out when I've created a syndicate ticket on the @geegeez_uk handle.

At this stage, I'm not committing to a particular time of day nor even that I will necessarily put syndicate tickets up (I also bet privately into some of these pools, and suggest/recommend any placepotters reading this do likewise).

But it is very likely there will be tickets to join if you'd like every day this week, and probably for every meeting - or at least as many as I have time to cover. [I do have some quite handy time-saving info-packed tools to call on... 😉  ]

It's going to be a fun few weeks, and will also be really interesting to see how tote fights back and how the TftT/Britbet story unfolds. Do join the party if it sounds like your kind of thing!

Matt

p.s. I'm writing a few notes on the syndicate action on the forum at this link. [Gold subscribers only in the forum, I'm afraid].

Value Value VALUE

Where to find value...

Where to find value...

In the good old days, punters used to talk about 'the three D's'. These were discipline, discipline and discipline. Many of you - like me - will relate to that readily enough, as selectivity is generally the key to success in betting.

But in the modern day betting supermarket, where the exact same product (i.e. a horse in a race, or a team in a match) is offered at often curiously differing prices, depending on the brand (i.e. the bookmaker), the three V's - value, value and value - might be the new maxim for successful betting.

Now, obviously, discipline is still as relevant as it ever was. It will always be a fundamental cornerstone that sets apart those who win from those who don't. But life has become a lot easier with the advent of a) online bookmaker offers, and b) comparison portals. In a second we can see which bookmaker has the best offer on our fancy.

Better yet, if the bookie offers Best Odds Guaranteed, we have the chance of a price drift topping up our odds still further.

What this ultimately means is that you could be, for instance, in the beer aisle, looking at twelve cases of Old Gobhoblin Pale Fizzer. Each case is the same, and seven of them have the same price on them, £9.99. But the other five are different. Two say £10.50, two say £9.49, and the other one says £7.99. You really like Old Gobhoblin Pale Fizzer. Which one do you pick up?

It's a no brainer that you'd pick up the cheapest, right? I mean, that's a 20% difference in price in your favour and, if you drink a case of Pale Fizzer a day, you'll have almost enough money saved to pay for the liver transplant 😉

But here's where it gets better. When you get to the checkout, the cashier says, "Oh, this is on special offer this week. It's only £6.99". Bingo, you've saved another 10%.

This is EXACTLY how shopping around for the best odds, and using Best Odds Guaranteed, works. We're looking for the best bargain every time.

How many of us would knowingly pay 20% more for our shopping than we needed to? Not many, of course. And yet, there are still lots and lots and lots of punters who think it doesn't matter about getting the best price; that a point here or there makes no difference.

It's just weird. I mean, the survey we recently did revealed that most people who visit geegeez bet every day. And yet 42% have five or less chances to get a bargain - in other words, five or less accounts.

Let me just quickly say that if you mainly bet for fun/entertainment/to solve the puzzle, then it maybe doesn't matter. But to anyone who said they bet to win money, and they have just a few accounts, you are making it extremely difficult for yourselves.

OK, sermon over!

**

Things you need to know today then...

1. Racebets is the latest bookmaker to offer Best Odds Guaranteed. They are a growing brand in UK and appear in most odds comparison charts these days. They have a dizzying array of money back concessions, and offer a £50 deposit match for new customers. If you use BOG bookies, add this to your set.

Your first 30 days for just £1

2. How about a completely risk free no catch bet? Betbright are offering new customers a £30 no lose bet on the World Cup semi-finals. Here's how it works: you make a bet. If it wins, you get paid out. If it loses, you get your money back. You follow? You must use this link to qualify, as it has a special tracking code associated with it.

3. If you already have a Betbright account, note that they'll be refunding correct score and scorecast bets if a semi-final match ends 0-0. Given that the Dutch and the Argentinians have had real trouble scoring in the knockout phases, and that Brazil could be toothless without Neymar, and that Germany have had two 1-0's in their last three games, this looks a very good safety net if that's your sort of wager.

**

Let's talk about another manifestation of value. Tote pools. Not just any old tote pool. Some of them are rancid pools. But some are not. Those with guaranteed pool sizes where the amount of player cash falls short of the guarantee are value. Rollovers are value. Why? Because in both cases, someone else is putting money in the pot for you to potentially take out.

I've had enormous success with Colossus Bets during this World Cup, netting three Pick 4's worth over £3,700. Each of them to a 20p winning stake (though my total bet stake was significantly higher). Colossus is a pool bet on correct scores, and every pool is guaranteed, with many of them not reaching the guarantee figure from player funds. Put another way, the pools are being subsidised.

After my own success (£1,059 for a £36 bet), I formed a little syndicate - seven readers and I each put in £50, to make a pot of £400. On our first attempt, we scooped just over £1,500 (£1,570); and on our second attempt we scooped just under £1,500 (£1,485).

Each of these pools was attractive to me/the syndicate because it had either a rollover or a guaranteed minimum fund that I didn't believe would be matched. That is to say that each time I was helping myself to a spot of someone else's cash. Nice, right?

The last Colossus Bets Pick 4 of the World Cup starts with the first semi-final tonight, and then takes in semi-final 2, the 3rd/4th place match, and the final. Obviously, it involves some conjecture into which teams will make the final, but that's the same for everyone and adds spice to the mix!

Our syndicate has dissolved now, and I'll be having a solo crack at the £50,000 guaranteed pool. At the time of writing, there's just £3,880 in the pool, meaning there is a strong likelihood of the pot being subsidised by Colossus. Which means, of course, that there's free money up for grabs, if we're smart/lucky enough to nail a winning quartet of correct scores.

You can read my review of ColossusBets here. And if you've had a crack at these pools already, leave a comment and let people know what you thought, and how you got on.

**

Value, Value, VALUE. How good a value proposition is free? Answer, varying degrees of good.

Most free stuff is free for a reason. It will actually cost you time (and possibly money) to figure out it's no good.

Other free stuff is free for another reason: it showcases the value of a product or service and acts as a potential incentive for users to 'trade up'. It's great content from which the user can benefit, and there's no hard feelings if that user doesn't want to move to a premium level of service.

Welcome to Double Dutch, the daily free tip service on geegeez. It's a service that currently shows a profit of 68.08 points, from just 260 betting days. We bet two points a day, split across two horses in two races - a 2 x 2 double. And the return on stakes is over 13%, which is way better than a majority of premium services.

We love - perhaps I should say, I love - this service, and we're very proud to offer it. But for some reason it only gets around 200 views a day. Again, weird. Anyway, today's selections can be found in various ways:

i. Go to Horse Racing Tips in the top menu
ii. Click the post on the left hand side of the home page, called 'Double Dutch, 8th July 2014'
iii. Click here

And, if you like Double Dutch, then perhaps you'd like to know about our premium level tipping service, Stat of the Day. This is a one a day service, Monday to Saturday, which has been running since November 2011. In that time, it's accumulated £4,194.20 to £20 level stakes (as at end June; July is well in profit too).

Those aren't mythical 'past performance' figures, they're real time figures from a live service. We get amazing feedback on this service, and I really should put a file together because there must be over 200 - maybe more than that - incredible comments. Here are a couple from the last few days:

PauljD said:

Having been out all day this was a “fire and forget” bet so a very pleasant surprise when I got to the results! Very nice drift as well. I note that the DD came in too although I missed that one, got yesterday’s though. Very well done and a big thank you for this week’s tips.

Doshtosh said:

On days like this, and there are so many, I want to write in to thank you, Chris and Matt, for a service, the likes of which I have never seen before, and if I wasn’t involved, thank God I am, I wouldn’t have believed existed. It’s not just the winners and profit, though they are no 1 but so much more on the web site and notifications to our emails. Thanks, so very much and have a great weekend. I hope we meet, someday, even if there will be sore heads the following day…..at my expense, it would be a pleasure.

RonCombo said:

What a brilliant day on Saturday Chris. SoTD with a super drift and DD, all coming in as winners. Then I had De Rigeur (14s) from the Shortlist and Salvatore Fury (9/2) and Sandra’s Diamond (13/2), both from the Tracker system which I bought into. Thank you (yet again) GeeGeez!

And fatboyjim said:

Incredible stuff once again. Got to be the best value out there, I have finally learned how to use the race cards to suit my own style of punting and had some big winners over the weekend.

If anyone remembers the SotD highlighted the Haggas/Hanagan a couple of weeks ago, well they certainly did the job yesterday. Also had Mister Wiseman today using the cards.

Diamond in the service though is the wonderful SotD, brilliant. I use 2% of rolling bank and I am in dreamland.

Those comments related to just one winner on one day. Stat of the Day has had 248 winners from 861 runners as at the end of June, a strike rate of 29% - favourites win at about 30%! - and for a return on investment of a mouth-watering pant-wetting account-threatening 24%.

All from one bet a day.

Best of all? This is just one part of the Geegeez Gold service. Worth way more than £24 a month on its own, it is supported by the racecards, form tools and reports that you will have heard me talk about previously.

Value. Value Value VALUE. It underscores everything we try to do here at geegeez, from offering a tip service to helping people understand the 'easy' ways to get the best chance of winning at betting.

You can try Gold for ten days for free (now that's value!). And if you like it, you can stay on board for 80p a day. You know what the guys above think about it, so perhaps it's time you gave it a whirl. What have you got to lose?

Here's the link if you want to join the hundreds of Gold subscribers whose betting has gone to another level.

Oh, and while I'm at it, the three Gold subscribers below found 33/1 winner Prince Tom yesterday using their Gold subscription. It was a fairly obvious selection for a number of reasons highlighted on Gold. But with form figures of /PB-5P the public totally ignored it. It paid 44.81 Betfair SP.

Comments and tweets yesterday about Geegeez Gold

Comments and tweets yesterday about Geegeez Gold

.

A couple of quite big sites have asked to trial Geegeez Gold, and the first of their reviews is due soon. This site is not known for effusive praise of products and services, and they never go overboard. In fact, subscribers pay specifically for their hard core unbiased reviews. Well, I've seen a draft copy of their Geegeez Gold review and... let's just say they like Gold. A lot!

Click here to take your ten day free trial of Geegeez Gold

Matt

p.s. I'll be back on Thursday with a preview of day one from Newmarket's excellent July Festival meeting.

p.p.s. Have you any thoughts on the above? Value? Colossus? Stat of the Day/Double Dutch? Geegeez Gold? Leave a comment to enlighten those who may not have seen what you've seen, or know what you know. (And thanks!)

Colossus Bets Review: Win £10,000,000

Colossus Bets Review

Colossus Bets Review

ColossusBets Review: Win £10,000,000

A bet with a £10,000,000 jackpot is always going to capture the imagination. And I've spent the last couple of weeks playing around with the site that offers that bet, and plenty of other less headline-grabbing ones, ColossusBets.

Who are ColossusBets?

Colossus Bets are a fairly new company, who started trading last year. They offer players pool betting on football scores (mainly), with a chance to win as much as £10,000,000.

Their directors include a previous Betfair bigwig, and they are registered as a company in UK.

So far so good, but...

What is the Colossus, and how do I play?

The Colossus is the headline bet from Colossus Bets, and it involves players correctly predicting the outcomes of seven football matches. There are easier variants involve three, four, five or six matches, and all have pool guarantees, meaning you are certain to collect a set amount if you are the sole winner in a pool.

Players may choose as many scores for each game as they like, and there are three 'Any other' scores: a home win by four or more; an away win by four or more; and a draw of 2-2 or bigger.

Click here to learn more about Colossus Bets, and to sign up and play

Playing is easy - I've been getting very involved during the World Cup. You simply:

1. Choose your bet. Let's try a Pick 3 (three matches)

Colossus Bets review

Colossus Bets: how to play

2. Fill out your chosen scores, and choose a stake

How to play the Colossus Bets

How to play the Colossus Bets Pick 3

3. Manage your position (or not!)

There are lots of really cool things about Colossus, but the one I love the most is the 'cash out' function.

What this allows you to do is to 'sell' all or part of your ticket at various points before the final match is complete... as long as you still have a 'live' score.

Let me give you an example, based on a chronology of the above bet.

The first two games - Costa Rica vs England and Italy vs Uruguay - both kick off at 5pm GMT. Half time in both will be somewhere between 5.45pm and 6pm GMT. Then, the final game kicks off at 9pm GMT, with half time in that game at around 9.45pm GMT.

The first two games kick off. Let's suppose England score in the first half, and are leading 1-0 at the break (it is possible!). Let's further suppose that the Italy-Uruguay match is a tetchy chanceless affair with more kicking than goalmouth action, and it remains 0-0.

Your first 30 days for just £1

Half time in the early kick offs

At half-time in those games, we will receive a 'cash in' offer. The offer tells us how much we can sell our ticket for. In the above example, where our target scores are looking good, the offer would be reasonable, and might be £50 for our £16 stake.

When you consider that it's only half-time in two of the three matches, and we haven't yet predicted any of them correctly, that's quite cool.

But here's the really clever part. We don't have to sell all of our ticket. We can sell any 10% of it. So, in this example, we could sell 40% and get £20 for that. That would mean we had a profit of £4 on the bet and, more importantly, we have a free bet for 60% of our ticket on these good looking score lines.

Of course, we could take all of the offer there and then. Or we could do nothing and let it ride. Personally, I'd be letting this one ride. But let's suppose we sell 40% to cover our stakes; and let's move on an hour.

Full time in the early kick offs

It's the end of the two 5pm games, and England have played really well (let's hope so!) and won 2-0. Italy have chiselled out a 1-0 win as well. Our bet is looking good so far, with two correct scores in the bag, and coverage of five likely scores in the final match.

We get another 'cash in' offer from Colossus Bets. This time we can take £96 for the remaining 60% of our ticket. Let's suppose we check the team news in the Greece-Ivory Coast match and see that Ivory Coast's key defender is not playing.

At this point, we decide that it might be smart to take another £48 out for 30% of the remaining 60%. That gives us a return of £68 on a stake of £16, for a profit of £52... and we've still got 30% left to cheer.

The Greece vs Ivory Coast match kicks off...

Half time in the third match

Against the form in the group, Greece have played really well in the first half and have a 1-0 lead against a lethargic looking Ivory Coast, who are down to ten men. It's half time, and we receive a further 'cash in' offer. We have three possible scores still 'live': 1-0 Greece, 1-1, and AOD (Any Other Draw).

We really don't fancy the big draw, and it doesn't look as thought Ivory Coast are going to do much, based on their first half showing. So we look a bit precarious on our 1-0 score as, if anything, Greece look likely to score again.

The offer is just £6.40 for our last 30%.

We decide to let it ride as it's not a lot of money, and we've already cleared a good profit on the bet. For thirty minutes it looks like we'll get paid out. But, in the last quarter of an hour the ten men Ivorians tire, and Greece score two late goals to win 3-0.

We lose our remaining 30% of the ticket.

Click here to learn more about Colossus Bets, and to sign up and play

4. What actually just happened?!

Let's look at what happened here. We made a bet over three games, two of which ran simultaneously, and we had three opportunities to 'cash out' before the end of the bet (half time in the first pair of matches; full time in the first pair of matches; and half time in the later third match).

At half time in the early games, we 'covered our stake'. In other words, we sold a piece of our ticket to get a free bet on the rest.

At full time in the early games, we locked in a profit. We sold a further piece of our ticket to guarantee a nice bit of beer money.

At half time in the late game, we decided to let things run, and retained our last piece of the ticket. This gave us an interest in the rest of the match, and a chance to win a few quid more.

At full time in the late game, our correct scores were sunk, meaning we actually failed to correctly predict the results of the three games, and yet we still made a healthy profit! That's why I love this bet!! 😀

Let's talk about rollovers and guarantees

You will know from my recent review of the Irish tote that I love rollovers and pool guarantees.

To remind you, a rollover is when a previous bet has not been won, and the money wagered is 'rolled over' into a new betting opportunity. These happen often with Colossus Bets, and that means two things:

1. The chance of a 'scoop', i.e. being the only winner of a pool, and

2. Huge value in a pool that has a starting fund of £100,000+ before a new bet has been struck!

As I write, there is a £56,663 Pick 4 rollover starting at 5pm today, and I will definitely be involved.

All pools are guaranteed, the Pick 3 pools to £5,000, the Pick 4 pools to £30,000, and the Pick 6 to £1,000,000. Of course, the Colossus (a Pick 7) is guaranteed to pay £10,000,000 for anyone brave enough not to cash out until the death!

Those are all for £2 stakes, but you can bet 20p's for a chance to win a million as well.

Click here to learn more about Colossus Bets, and to sign up and play

But wait, there's more... Bonuses and Consolations

The big pools - the Pick 6 and Colossus - both have bonus and consolation prizes.

The consolation prize is a pool of £5,000 (Colossus) / £1,000 (Pick 6) which is shared amongst players who correctly predict the result (i.e. home win, draw, away win) in each of the six or seven games. And that's far easier than guessing seven correct scores, even if five grand is not ten million!

The bonus prize - which is a million quid in the Pick 6 and five mill in the Colossus - is paid to any player that correctly predicts the score of a further game. Wow.

Why I love Colossus Bets

Colossus was totally new to me about a month ago. But, since the World Cup started, I've been an avid fan, playing Pick 3 / 4 games each night. It's not easy to get three or four scores right - especially in what has been a high scoring tournament so far. But, because of the cash out options, I've been able to get my stakes back and still have free bets to cheer, and take profit from, in the remaining games.

I also love the proliferation of small stakes punters who have won big money at Colossus Bets, like this guy yesterday, who turned £1.50 into £7,500 by guessing the scores of three matches.

Fancy £7,500 for £1.50? Try Colossus Bets!

Fancy £7,500 for £1.50? Try Colossus Bets!

Get up to £100 Matched Bet when you sign up

On top of everything else, I almost forgot to mention the huge welcome offer from ColossusBets. They will match the amount you deposit and wager during the first three days of your new account. So, if you deposit and bet £20, they will give you another £20 to bet with. Deposit and wager £5, they'll give you £5 free to bet. And if, like me, you like bigger perms and deposit/bet £100 or more, you'll get another £100 to bet with, gratis.

Give it a try... and Good Luck!

 Click here to learn more about Colossus Bets, and to sign up and play