Racecourses take next step with Colossus pool betting tie-up

The 54 British racecourses who have come together to set up their own pool betting operation have taken the next step in their journey with the announcement of the identity of their technology partner.

The project's steering board claimed the agreement with Colossus Bets would help "transform" pool betting on British racing with customers having access to new exotic bets, cash-out and six and seven-figure minimum guaranteed prize pools.

Betfred's exclusive licence to offer pool betting on British racing expires next summer and most of Britain's courses have come together to offer a rival service.