{"id":12399,"date":"2016-12-01T15:16:15","date_gmt":"2016-12-01T15:16:15","guid":{"rendered":"http:\/\/blog.colossusbets.com\/?p=12399"},"modified":"2020-08-17T14:03:25","modified_gmt":"2020-08-17T14:03:25","slug":"pools-betting-guide","status":"publish","type":"post","link":"https:\/\/www.colossusbets.com\/blog\/pools-betting-guide\/","title":{"rendered":"How Does Pools Betting Work?"},"content":{"rendered":"<p>At Colossus Bets we offer sports betting pools. Pools betting works in a similar way to a lottery, where all players purchase tickets and the jackpot prize is shared between all winners. Here we explain, exactly how pools betting with Colossus works.<\/p>\n<p>&nbsp;<\/p>\n<h2>Units<\/h2>\n<p>One unit = \u00a32. So if you were to place a \u00a31 stake, this is the equivalent to 0.5 units. At Colossus Bets we offer four stake tiers: \u00a32 (one unit), \u00a31 (0.5 units), \u00a30.50 (0.25 units) and \u00a30.20 (0.1 units). Playing with lower stakes allows you to play for a lower cost but also lowers the prize you will play for.<\/p>\n<p>&nbsp;<\/p>\n<h2>Selections<\/h2>\n<p>When making your selections, you can choose as many outcomes for an individual fixture as you wish \u2013 this will mean that your overall ticket cost will rise.<\/p>\n<p>&nbsp;<\/p>\n<h2>Big scores<\/h2>\n<p>On correct score pools, we offer an other selection for home wins, draws and away wins. These selections cover scores not specifically listed.<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><em>For example, an other home win selection would cover the home team winning 5-0 and 5-1 but not 3-2.<\/em><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<h2>Cash Out<\/h2>\n<p>At certain times, Colossus Bets will make an offer to buy any potentially winning (live) tickets. These offers typically are made between the end of one match in a pool and the start of the next match. In selected markets, there may also be offers made at half times. Customers have the opportunity to sell all or a percentage of their ticket to Colossus Bets as shown below.<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><em>For example, at half time in the third leg of a Pick 4 pool where a customer has a ticket which is \u2018live\u2019 Colossus Bets makes the customer an offer of \u00a32,500 for their ticket. The ticket is a full unit stake (\u00a32). The customer decides to cash out 50% for \u00a31,250. They now have \u00a31,250 and still holds 0.5 units in the pool.<\/em><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<h2>Jackpot<\/h2>\n<p>Similar to a lottery, the jackpot is shared between all winning <a href=\"#top\">units<\/a>. To ensure that the prize for the pools is always significant, our pools have minimum jackpot guarantees. If stakes entered into a pool (after deductions) exceeds the guarantee, then the jackpot becomes the value of the stakes in the pool.<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><em>For example if 4 units won a Pick 4 pool with a \u00a330,000 jackpot, each unit would win \u00a37,500 (30000\/4).\u00a0<\/em><\/p>\n<p style=\"text-align: center;\"><em>If you placed a \u00a32 stake,\u00a0cashed out 40% and the ticket won. Then\u00a0you would win \u00a34,500 (60% of 4,500) plus how much you cashed out for.<\/em><\/p>\n<p style=\"text-align: center;\"><em>If you placed a \u00a31 stake into a Pick 4 pool with a \u00a330,000 jackpot. Then you have 0.5 units in this pool, so the jackpot winnable for your ticket would be \u00a315,000 (50% of 30000), as shown below on both desktop (top) and mobile (bottom).\u00a0<\/em><\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.colossusbets.com\/blog\/wp-content\/uploads\/2016\/12\/Pick4schnmob.png\"><img decoding=\"async\" class=\"aligncenter wp-image-15726\" src=\"https:\/\/www.colossusbets.com\/blog\/wp-content\/uploads\/2016\/12\/Pick4schnmob.png\" alt=\"\" width=\"255\" height=\"462\" srcset=\"https:\/\/www.colossusbets.com\/blog\/wp-content\/uploads\/2016\/12\/Pick4schnmob.png 461w, https:\/\/www.colossusbets.com\/blog\/wp-content\/uploads\/2016\/12\/Pick4schnmob-166x300.png 166w\" sizes=\"(max-width: 255px) 100vw, 255px\" \/><\/a><\/p>\n<p>If a pool is not won, the stakes held will carry forward in a rollover to the next pool.<\/p>\n<p>Our pools also have consolation prizes! These are prizes for almost winning the pool.<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><em>If you played a Pick 15 with consolation prizes and were correct in 14 of the 15 legs. Then you would win a share of the consolation prize for 14 of 15. So if, 2 customers were both correct in 14 out of 15 legs, they would each win \u00a310,000 despite having a losing ticket.<\/em><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<h2>Get Involved\u2026<\/h2>\n<p>Now you&#8217;ve had a run-down of how pools betting with Colossus Bets works. You can play pools such as The Colossus and the Pick 6\u00a0<a href=\"https:\/\/www.colossusbets.com\/mobile?utm_source=Blog&amp;utm_campaign=How_To_Guide\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-xlarge fasc-type-flat fasc-style-bold\" style=\"background-color: #cae009; color: #000000;\" href=\"https:\/\/help.colossusbets.com\/?utm_source=Blog%20Header\">View all of our help guides<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Colossus Bets we offer sports betting pools. Pools betting works in a similar way to a lottery, where all players purchase tickets and the jackpot prize is shared between all winners. Here we explain, exactly how pools betting with Colossus works.<\/p>\n","protected":false},"author":79,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[673],"tags":[217,174,177],"class_list":["post-12399","post","type-post","status-publish","format-standard","hentry","category-insights","tag-how-to-play","tag-news","tag-ticker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How does pools betting work? | Colossus<\/title>\n<meta name=\"description\" content=\"At Colossus Bets we offer sports betting pools. Pools betting works in a similar way to a lottery. 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Here we explain, exactly how pools betting works.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.colossusbets.com\/blog\/pools-betting-guide\/\" \/>\n<meta property=\"og:site_name\" content=\"Colossus Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SportsBigger\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-01T15:16:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-17T14:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.colossusbets.com\/blog\/wp-content\/uploads\/2016\/12\/Stadium.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Callum Williams\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ColossusBets\" \/>\n<meta name=\"twitter:site\" content=\"@ColossusBets\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Callum Williams\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/\"},\"author\":{\"name\":\"Callum Williams\",\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/#\\\/schema\\\/person\\\/0c814da6457f5b27974d69028b4ec928\"},\"headline\":\"How Does Pools Betting Work?\",\"datePublished\":\"2016-12-01T15:16:15+00:00\",\"dateModified\":\"2020-08-17T14:03:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/\"},\"wordCount\":547,\"publisher\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/Pick4schnmob.png\",\"keywords\":[\"How to Play\",\"News\",\"Ticker\"],\"articleSection\":[\"Insights\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/\",\"url\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/\",\"name\":\"How does pools betting work? | Colossus\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/pools-betting-guide\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.colossusbets.com\\\/blog\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/Pick4schnmob.png\",\"datePublished\":\"2016-12-01T15:16:15+00:00\",\"dateModified\":\"2020-08-17T14:03:25+00:00\",\"description\":\"At Colossus Bets we offer sports betting pools. 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