Betting Syndicates Explainedby Steven Hubbard
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.
You can find these different pool types on several different betting sites including Mr Green, FansBet and Betclic.
- 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.
- 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 SpinsClaim 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 SpinsClaim 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.
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