Pool betting is a form of betting where players contribute a fixed amount ('stake') into a pool and then make a selection on an outcome or series of outcomes ('legs'). The pool (after operator deductions) is then divided among those that have made the correct selection.
Colossus pools have modernised the traditional form of pool betting by featuring:
- Guaranteed jackpot prizes – available to winners regardless of the total amount of player contributions into the pools
- Consolation prizes – for those who closely miss winning the jackpot prizes
- Cash Out offers – allowing players to sell all or part of their tickets back to Colossus and lock in a profit regardless of the outcome in the remaining legs in the pool