What is the Colossus Place 6 and is it a viable alternative to the Tote Placepot
The Colossus Place 6 is a pool bet offered daily on every UK horse race meeting.
To win, you are required to select a horse to place in each of the first 6 races.
If you are familiar with the Tote Placepot then the mechanics of the bet are similar but with some exciting extras added.
- History of pool betting in the UK
- Colossus Place 6 staking options
- Rollovers and Best Dividend Guaranteed Pools
- Best Dividend Guaranteed Pools (BDG)
- Colossus Place 6 Boosted Pools
- Colossus syndicates or Solo Bets
- How are Colossus Place 6 dividends calculated
- Cash-out options
- How do Colossus Place 6 dividends compare to the Tote Placepot?
- Colossus Bet new customer offer
History of pool betting in the UK
Pool betting heritage in the UK sits with the Tote. Unfortunately, since Betfred took stewardship back in 2011 the Tote has been stumbling around like a late-night drunken Brexit. Meanwhile, Colossus Bet has stepped in and offered pool betting that is modern and fit for the 21st century.
For sure Britbet, who have recently taken the reigns of the Tote suite of bets are going to reinvigorate the Tote offerings in the coming months. About time too, competition is good for the punter.
Pool betting is huge in certain jurisdictions, drawing in significant money to the pools. Take a look at the Hong Kong pools and you will see the opportunity that pools betting presents.
Colossus Place 6 staking options
Dividends for the Colossus Place 6 are declared to £1 unit. The maximum full unit stake on the Place 6 is £1, you can place bets in fractions of this at 50p, 20p and 10p levels.
Perm bets are accepted, you can select more than one selection per ‘leg’. Your total stake will be a multiple of the number of lines by the unit stake. For example, if you select 2 horses in each of the 6 legs….
Perm bet example
2x2x2x2x2x2 = 64 lines x your unit stake = your total stake.
Rollovers and Best Dividend Guaranteed Pools
If a Colossus pool is not won, or it is partially won i.e. the full unit is not won, in the case of the Place 6 this is £1. Then the money will be rolled over to a subsequent Place 6 pool. You will see pools marked with ‘rollover’ in the header where this applies.
Best Dividend Guaranteed Pools (BDG)
For the Place 6 at one meeting a day,
COLOSSUS GUARANTEE TO MATCH THE DIVIDEND RETURNED BY THE TOTE PLACEPOT should the dividend at that meeting return higher.
The meeting carrying the guarantee will be highlighted BDG in the header.
It’s a good offer, you should always place your bet on the Place 6 rather than the Placepot, you are guaranteed to get the best-declared dividend returned.
Colossus Place 6 Boosted Pools
Colossus will often ‘Boost’ a prize pool after it has opened, when this happens you will see the Pool highlighted as ‘Boosted’ in the pools header.
Colossus syndicates or Solo Bets
You can play the Colossus Place solo or opt to join a syndicate.
Why would you join a syndicate?
Crowd betting is a neat feature on Colossus Bet. It allows you to buy into a syndicate for an amount of money that is relatively small compared to the coverage you get.
Not so much with the Place 6 but Colossus run pool bets on other events and sports. In situations where the bet hasn’t been won for a while and the rollover has built the pool up to a significant amount, it allows you to buy into a syndicate that has greater coverage – more selections per leg and more total lines than your solo bank may permit.
You can view the history of syndicates before you chose to join and contribute.
How to join
Navigate to syndicates by clicking on ‘syndicates’ then ‘horse racing – place’. You’ll then be presented by the currently available to join syndicates.
Click on the syndicate and you’ll see the syndicate’s ticket selections. If you chose to join that syndicate click on one of the preset amounts to contribute or type in a differing amount in the free-form box.
Setting up a syndicate & Syndicate captains
Anyone can set up a syndicate, to do so you’ll need to first set up a ‘Captain’s profile’.
When you’ve created your Captain’s profile, select your pool, make your selections in each leg and choose the unit stake for your pool.
To finalise your syndicate, add your contribution of stake to the pool. This is a minimum of 10% and a maximum of 50%. You can top up your level of contribution right up until the start of your pool, up to a maximum of 50% of the syndicate’s total stake.
Syndicates not fully funded
If the syndicate fails to fully fund before an event off, then monies are returned to the syndicate members.
As captain, if your syndicate is not fully funded, you have the option to have your initial contribution amount place on a solo ticket.
Syndicate payouts are in proportion to the stake you put into the syndicate. For example, if you buy-in for £10 in a £100 syndicate you be paid a 10th of the prize dividend.
How are Colossus Place 6 dividends calculated
In the Place 6 bet, 80% of total stakes go into the pool fund (Colossus Bets rake on the Place 6 is 20%). The money in the pool is then divided by the number of winning lines to generate the dividend.
With a £1000 pool, £1 worth of winning lines would yield a dividend of £1000. 2 winning lines, then £500 would be the dividend.
Between legs of the Place 6, Colossus with make ‘cash out’ offers to players with live tickets (the Captain in syndicates).
You can decided to fully accept any cash-out offer, or partially cash out in 10% increments and guarantee yourself at least a payout on your currently incomplete bet.
How do Colossus Place 6 dividends compare to the Tote Placepot?
From a value bettors perspective, you would want to be with the Place 6 rather than the Placepot. Colossus Bet takes 20% of the Place 6 total stake. The Tote Placepot rake is 27%. 7% is a fair chunk of the stakes, you’d want to be betting the Place 6 on these numbers.
I think it’s a fair comment to say, on average you will have sharper bettors betting into the Colossus Place 6. The Placepot is still funded by groups of people where the bet is either a fun recreational bet or a habit bet, they’ve done it for a long time and always will. So, less ‘mug’ money in the Place 6, will that lead to more winnings and consequently lower dividends.
Colossus Bet new customer offer
Colossus has a good new customer sign up offer. They will match your first 72 hours of stakes with up to matched bonus funds up to £100.
You can you these bonus funds to bet into any Colossus pool and they’re valid for 12 months.