Betfair, the leading online betting exchange site, has teamed up with sports betting operator Colossus Bets to create new football pool products, Gaming Intelligence reports. The new pools that Betfair will offer together with Colossus Bets will offer a different games for the running World Cup, but also for regular season games, with a £10 million jackpot pool as well as offer cash out option of parlay’s before all games have finished.

To be able to win the massive £10 million jackpot, players have to predict the correct score of seven different matches which are listed in the website. Players can also win a jackpot prize by guessing the correct outcome of the seven matches, predicting whether they end as a home or away victory or as a draw, but the prize is not as high as guessing the correct score.

“We are delighted to offer Betfair customers a new way of betting on football, with the chance to win huge sums from small stakes. Pools is a great addition to our football offering.” Commercial Director for Betfair, Bart Barden said.

“We are delighted to be able to launch with Betfair, an operator who we have had a close association with for a significant period of time,” CEO and Founder of Colossus Bets, Bernard Marantelli said, adding “We are looking forward to working with Betfair to bring a world class pool betting system to customers of football and other sports in the near future.”

“We are excited to launch Betfair Pools, which enables us to tap into the significant scale of pool betting available on Colossus, whilst supporting the market leading position we have built in “Cash Out” betting,  and building upon that position with partial cash out betting in the pools product.” COO of Betfair, Mark Brooker added.