Race Coast to utilise Colossus tote technology

Race Coast to utilise Colossus tote technology to innovate its Horse Racing ‘exotic’ pools, as well as distributing Colossus’ sports pools.

 Race Coast and Colossus today announced a partnership that will see Race Coast incorporate the Colossus tote platform adding the Cash Out and ‘Crowdbetting’ features to its multi-leg horse racing products, as well as immediately offering the Colossus Bets globally comingled sports pools to Race Coast online customers. The application of Cash Out to horse racing pools will be a first for the country of South Africa.

Dean Sawarjith, Race Coast, Acting Chief Operations Officer, commented: “The deal with Colossus will give our online customers access to the biggest comingled sporting jackpot pools, as well as enable us to apply the Colossus IP to horse racing pools in the future. We need to innovate to keep our horse racing proposition relevant for today’s younger audiences. We look forward to giving our customers access to the most flexible tote product in the world, where they can decide leg-by-leg how much of their bet to Cash Out. I’m particularly excited to enable our customers to create and join tickets via the Colossus 'Crowdbetting’ feature, driving customer engagement forward.”

Paula Cara Farcas, Colossus Bets CEO said: “We are delighted that Race Coast now has access to our sports pools and our Cash Out and ‘Crowdbetting’ functionality via our tote platform. When we devised ‘Crowdbetting’ especially, we were confident it would be a game changer for the pari-mutuel industry and Race Coast’s endorsement gives us further confidence that appetite for this feature will only grow. Cash Out is a standard feature in multi-leg bets and parlays worldwide. All Tote operators must innovate if they wish to compete with a rapidly evolving market. Race Coast will become the first racing tote to utilise our technology in order to modernise their racing product, making it fit for 2025. We are really excited to work with Race Coast to ensure that their customers have access to the biggest and most engaging wagering products in racing.  -Ends- 

About Colossus BetsColossus Bets is a multi-award-winning operator and supplier of the largest sports betting pools globally, offering some of the world’s largest guarantees, leg-by-leg cash-out offers and the unique Syndicates ‘crowdbetting’ feature. Colossus Bets believes in making sports bigger by enabling sports fans to engage with the sports they love through life-changing jackpots and the most authentic social betting experience. Players can join its pools via the B2C site,  colossusbets.com , or its worldwide network of partners, including bet365, Paf and UK Tote.  More information is available at  corporate.colossusbets.com .

Colossus Bets Limited is regulated by the UK Gambling Commission. For further information, please contact:  Laurence Jones (CPO) This email address is being protected from spambots. You need JavaScript enabled to view it. 

About Race Coast

Race Coast KwaZulu-Natal is the premier South African horse racing operator and tote betting platform, renowned for its top-tier racing events and comprehensive wagering services. Established to promote and manage thoroughbred horse racing in KwaZulu-Natal, Race Coast hosts prestigious races like the Hollywoodbets Durban July, attracting elite competitors and racing enthusiasts. Beyond live events, Race Coast offers betting opportunities on both local and international races and sporting events, catering to novices and seasoned punters alike.

With a commitment to integrity and innovation, the organisation ensures a thrilling experience, blending the excitement of the sport with the thrill of betting. Players can participate in these exciting pools by joining  www.tabgold.co.za .

How does this benefit the stakes pool locally? 

As it is, the co-mingled pools have shown lower payouts so is this some type of lotto betting? There is a lotto every week, why introduce another 100 million to one chance that nobody wins?

 

Cashout will be huge

Proof of the pudding ....

So now what?
We get another site?
interbet's odds are the best..
 

.....getting a new site or alternative sites should be the least of the tote punters problems.....is this move now able to mesh with that other mess hosted from a tax haven island that is responsible for all the recent tote glitches and betting fluctuation abnormalities....or is this a stand alone alternative cutting out the other local operator.....huh

I am sure that James Goodman mentioned that Race Coast will move away from the National tote.

All Hollywood tote bets will now go into this pool as well.

Looks like in future we will have separate tote dividends for Race Coast and 4Racing.

Sammy Silver wrote:

I am sure that James Goodman mentioned that Race Coast will move away from the National tote.

All Hollywood tote bets will now go into this pool as well.

Looks like in future we will have separate tote dividends for Race Coast and 4Racing.

.....if this were the case then 4Q will surely go to the wall.... as there is no way that they can survive without getting a chop from Coastal racing pools.....they will then be forced into making a deal and boot out their overseas hosting party.....oh my
 

Most the big bookmakers have TOTE options

WSB
BETWAY
HOLLYWOODBETS
INTERBET