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Nice start for Colossus

Colossus Bets had its first big weekend this past weekend, and made a very encouraging start. It had over 15,000 bets in its weekend pools, and I remember when we started Betfair back in June 2000 we had a few dozen bets and 35 players on our first market…

The guys had one particularly nice piece of feedback from a leading industry professional, quoted below:

Congratulations. I was impressed when I was first introduced to you, but this site is far better than anything I could have imagined. The size of the guarantees and the updates of tickets sold before the games – the goal flashes and updates of live tickets as the games progress and the fractional cash-in offers at natural breaks in the pools are all features that will keep people on the site watching and they worked so well on day 1 that I am sure the customers will all be back. I also expect you will get the quantum leap in ticket sales for the big guarantee pools in the coming weeks.

Posted in Betting industry, Gambling.

5 Responses

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  1. Trigger Happy says

    Hey Mark you have a great name for integrity don’t blow it by praising a company you’re involved with (just my opinion) !

  2. Trigger Happy says

    And whoever wrote that alleged ‘feedback’ wants to take a long, hard look in the mirror.

  3. MD says

    Hi TH

    Thanks for your post, but surely the issue would be praising a company without declaring my involvement with it?

    What don’t you like about Colossus? I think it’s a great idea and the first real innovation we’ve seen in the gambling space in a long while.

    I have the feedback on an e-mail but I thought it inappropriate to name the person who sent it. I’d be interested to know what your bugbear is with the company, though… You obviously have one!

  4. Trigger Happy says

    Hi Mark

    Im not really sure who Colossus is aimed at. It seems to be the £2 (mug) punter but the cash out thing seems more sophisticated.

    I don’t mean to be patronising but I just think the £2 football accumulator punter almost expects to win and won’t appreciate cashing out. And if he/she does cash out they are going to feel robbed if they miss the big one.

    I probably don’t know enough about it as it’s a bet i’m unlikely to do, so maybe i’m missing the point.

    There’s definite potential with the cash out option if the bet develops into other areas though.

    Bug bear? Possibly.


Continuing the Discussion

  1. Sports Betting Revolution Upon Us? – MODQs : linked to this post on September 18, 2013

    […] at opposite ends of the spectrum. Points similar to this were picked up on in the comments made on Mark Davies’ blog, although these comments came across as more of an attack than […]

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