I stand corrected, thank you. I would normally have said "serious bollocks", but this forum is mostly left-ponders who would probably not have caught my drift.
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North American here, we hear enough Brits speak to get the expression :)
"serious bollocks" means "very questionable statement" in the British English I'm familiar with. Perhaps GP's idiom is from elsewhere. If the reference is to bravery/daring one would use "balls" as in US English, I believe.
"Bollocks" in Britain and "Balls" in North America both refer to the Testes, as does "cojones". So all three statements are actually the exact same slang in regional dialects.
Bollocks, like many slang words, have multiple meanings in different contexts. It can be used as you stated as well, but "What you said is bollocks" and "You have bollocks for saying it" are very different statements.