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Betting Syndicates Explained

by betting pools
Updated: 11/05/2021 08:04

In short, syndicates are a type of pool betting involving two or more players combing their stakes for a chance to win (share with other winning players in the syndicate) huge prizes.

You may also see this type of pool betting called “Colossus” or even “Jackpot” bets. But, they are all under the umbrella of a betting syndicate.

Syndicates used to be exclusively available to horse racing bets. But, you can now find them in football, tennis and even basketball at a number of betting sites in the UK.

How Do Syndicates Work?

Syndicates are when players combine a certain stake into a pool and then make a selection on multiple outcomes. The prize is then divided among those that made the correct selections.

Example: Mr Green: 1×2- Pick 5 for £5000

Burnley vs Aberdeen

Sarpsborg vs St Gallen

Rangers vs Nk Osijek

Dynamo Kiev vs Shakhtar

Reading Vs Derby

With this syndicate on Mr Green, you have to pick either 1×2 for all the matches in the list. If you get them correct you could win a share of the £5000 or, if you are the only winner, the whole £5000. If you get 4 out of 5 correct you could win a share of £1000.

Now the stake is only £2 so the odds you get are far bet than any acca you could build without the syndicate.

With the highest odds combined using a £2 stake on a normal Acca, you could only win a maximum of £1805.42. But, this is with the highest odds, so all the outside bets combined in an acca is still nowhere close to the potential of winning £5000.

What Are Colossus Syndicates?

Colossus is just the name used for this modern form of pool betting. They cover several different sports but mostly horse racing and football syndicates.

  • Guaranteed jackpot prizes- You can get the full jackpot amount regardless of the total amount of contributions from other players.
  • Consolation prizes- Depending on the syndicate you can get consolation prizes if you get 4 or more correct. Check the syndicate information to find out the consolation prizes for each one.
  • Cash Out option- Players can sell all or part of their bet back to the syndicate to guarantee a profit regardless of the outcome. Of course, your selections need to be winning or you have already won several legs.

Pool Types

You can find these different pool types on several different betting sites including Mr Green, FansBet and Betclic.

Football

  • 1×2- Predicting the outcome of a series of matches.
  • Correct score – Pick the exact score for a series of matches.
  • Asian Handicap – Pick the correct final score match Asian handicap in a series of matches.
  • Over/Under – Pick the total number of goals being over or under a specified number (usually 2.5 total match goals) in a series of matches.
  • Both teams to score – Pick “Yes” or “No” for both teams to score in a series of matches.

Horse Racing

  • Win- Pick the outright winner of each race listed in the syndicate.
  • Place- Pick a horse/horses to place in each of the races listed in the syndicate. Check out our horse racing guide for more details.

Betting Sites with Syndicates

Below is a list of betting sites in the UK that offer syndicate betting for a range of sports including football and horse racing.

QuinnBet is a fairly new Irish betting site (2017) that offers a wide range of pool (syndicate) betting for both football and horse racing. You will find a healthy amount of syndicates to join, and a leaderboard with the best performing syndicate captains!

QuinnBet welcome offer

£25 Free Bet Plus 50 Free Spins

Claim bonus

If your account has Sportsbook losses at the end of your first day's betting (23:59), we'll refund 50% of your losses as a Free Bet up to £25 (min 3 bets) Plus 100 Free Spins on Grand Spinn. Even if your account is up, you're guaranteed a £5 Free Bet Plus 100 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ | BeGambleAware.org

Fansbet is a new betting site that launched in 2017, and recently added a “Jackpots” section for syndicate betting.

You will find a healthy community of fellow syndicate punters on FansBet, and massive jackpots reaching up to £1 Million!

FansBet welcome offer

Bet £10 Get £10 +50 Free Spins

Claim bonus

New customer offer; Place first £10 bet on sports with 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spins credited after the qualifying bet has settled; Free Multiple Bet must contain 3 legs at odds of 1.3 or greater per leg; Free Bet and Free Spin stakes not returned; No wagering requirements on winnings; £200 max win; T&C’s apply; 18+

Mr Green is mostly known for their top-tier online casino, but, they also have a unique sports betting product, and a great syndicate betting section.

You will find a healthy range of syndicate options, on Mr Green covering football, horse racing, NFL, and greyhounds, plus a fairly large syndicate community.

Mr Green welcome offer

Get Up To £50 Matched Bonus +50 Free Spins on Starburst

Claim bonus

18+. Play Safe. New UK customers only. Opt in required. 1x per customer. Min. £10 deposit. 1st deposit only. Selected games only. Max. Bonus £100 with 15x wagering and 100 Free Spins at £0.20/spin on Lucky Mr Green with 15x Wagering. Free Spins and Bonus credited once deposit amount has been wagered on slots. Bonus and Free Spins expire 7 days after issue. Game weighting, game, country, currency, player restrictions and terms apply. Already have an account? Log in

Free Jackpot Games

You can also find free jackpot games on select betting sites like Betway and Paddy Power.

Betway’s 4 to Score

Betway’s 4 to Score is a a free football prediction jackpot game in which you predict the first goalscorers in four select matches to win up to £50,000!

Paddy Power’s Beat The Drop

A fun feature for new and existing Paddy Power customers, in a million-pound drop style for a chance to win £1000. Answer ten questions correctly for a maximum win of £1000. You will have an unlimited play of a ‘10 Q – £1,000 Pot’ game within your first month (30 days) after your first entry. Join Paddy Power today to play Beat The Drop for free today!

888Sport Free-to-play Football Predictor

Try 888Sport’s free-to-play football predictor for the chance to win £8000! Make 8 win-draw-win predictions with the 8 games picked each week by 888Sport. Get all 8 right for the chance to win £8k, or get a £1 free bet for each correct pick!

How to play:

  • Join or sign in to your 888Sport account (UK members who are fully verified only)
  • Make your 8 win-draw-win predictions with the “Up for 8” game

Join 888Sport and play it’s Free-to-play Football Predictor today!

888sport welcome offer

Bet £10, Get £30 +£10 Casino Bonus

Claim bonus

A min deposit of £/$/€20 with promo code is required – You must bet a min of £/$/€20 at odds of 1/2 (1.50) or greater on a sports market that will be settled before the Euro 2020 knockout stages begin (June 26th 16:59:59BST) – Free Bets valid for 7 days - Deposit balance is available for withdrawal at any time - General withdrawal restrictions & full T&Cs apply

Steven is the product manager on BettingLounge and enjoys enhancing sporting events through betting for long-term, sustainable profit.

Discussion

  1. dickson 24/02/2019 15:16

    i win the all jackpot but i was given 800 how comes?

    • Steven Hubbard Expert 25/02/2019 07:21

      Hi Dickson, the amount you win will depend on the bookmaker you are using, the syndicate you enter, and how many people win.

      If more than one person wins, you will share the prize pool, this could be why you only won 800.

      We recommend contacting the bookmaker for clarification.

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