CobraBet Sportsbook Review: Up to $150 in Free Bets
CobraBet Sportsbook, launched in 2020 and licensed in Curacao, provides Canadian players with a comprehensive betting experience featuring a wide range of sports markets, including popular leagues such as the NHL, NFL, and NBA. While it doesn't provide a dedicated mobile app, its mobile-optimized website ensures seamless navigation and access to features like live betting and combo boosts on both desktop and mobile devices.
This review covers CobraBet's signup process, bonus, promotions, available sports, and banking options. It also examines the pros and cons, as well as whether you should ultimately bet here.
CobraBet Sportsbook at a Glance
Top Highlights
- Has one of Canada's biggest sports selections
- Offers the industry's most "Combos Boosts" promos
- Boasts competitive odds
Pros & Cons
- Huge selection of sports and events
- Many free bets and combo boost promotions
- Helpful "Statistics Center"
- User-friendly desktop and mobile site
- Impressive esports section
- No traditional welcome offer
- No loyalty program
CobraBet Sportsbook Bonus
This online sportsbook doesn't have a welcome bonus like most sports betting sites do. However, it more than makes up for these missing aspects with frequent promotions and a VIP program. Sports gamblers can enjoy free bets, Hunting Tournaments, and combo boost promos.
CobraBet Welcome Bonus
CobraBet doesn't have a traditional welcome offer and instead relies on its promotions to reward bettors. So while you can't take advantage of a signup bonus, you can still expect many bonuses here.
Other CobraBet Betting Promotions
Cobra Bet does well at providing plenty of Canada free bets, combo boost deals, ongoing offers, and other bonuses. You can see what's available below:
- Combo boost - A boost applies to any accumulator bet (multiple bets under the same wager). This promo can increase your winnings by anywhere from 25% to 30%.
- Free bets - Free wagers that pay winnings, minus the stake, when you're successful.
- Hunting Tournaments - These tourneys see you place bets in pursuit of free bets.
- VIP program - You earn points whenever you place a bet. You then use the VIP program points to purchase free bets and other bonuses.
How to Sign up at CobraBet
The CobraBet registration process works as follows:
- Visit the Cobra Casino Sportsbook page.
- Select the Sign Up option.
- Enter your email, password, and currency.
- Confirm that you're at least 18 years old.
- Complete your profile by entering personal details (e.g., address, birth date).
Placing Your First Deposit
You can deposit and begin placing bets after completing the following steps:
- Select the deposit option.
- Make sure you've completed your account (see step #5 above).
- Select a banking option.
- Enter your deposit amount and confirm.
Why Sign Up with CobraBet Sportsbook
CobraBet offers more sports than almost any other bookmaker in the country. It currently provides 39 markets for Canadians, which is far more than the average sportsbook (18-22 sports). Cobra also excels in the odds department, delivering some of the industry's better odds in multiple sports.
No CobraBet welcome offer is available, which is a downside. However, this sports betting site makes up for the lack of a bonus with many promotions. You can enjoy regular combo boosts, free bets, and tournaments here.
Since launching in 2020, Cobra has proven to be a reputable online sportsbook. It maintains backing from industry heavyweight Dama N.V. and holds licensing in Curacao.
Betting at CobraBet Sportsbook in Canada
Sports gambling is already entertaining, but it can be even more exciting with tourneys and pool wagering. If you're seeking fun competition, then you can learn more about CobraBet's available sports betting tournaments.
Tournaments
As mentioned before, Cobra Bet provides competitive events called Hunting Tournaments. A Hunting event starts with a prize pool, which slowly reduces as competitors make bets. Meanwhile, every bet gives a player some bonus points. The points eventually turn into free bets once they reach the level of the gambler's average bet.
Hunting Tournaments create urgency because they only offer free wagers until total bets equal the prize pool. Therefore, you only have so long to bet, earn points, and collect free wagers.
Pools
Betting pools are similar to office wagering pools. They feature a prize pool and allow sports bettors to chase a share of the prize money. The game winner receives the largest share of the prize pool. Cobra Bet doesn't currently offer these events and instead only runs Hunting tourneys.
Canada has a relatively open online sports gambling market with few major restrictions. Therefore, you can bet at Canadian betting sites without worry.
Ontario is the lone exception because it has a regulated sports wagering market. It's currently the only province in the country that requires every bookmaker to obtain a license. Cobra Bet doesn't have a license and can't serve this province at this time. We'll update this review if Cobra ever becomes one of the licensed Ontario online sportsbooks.
Sports and Betting Markets Available at CobraBet
CobraBet excels in providing a wide range of sports and betting markets, offering nearly every sport available. Canadian bettors can take advantage of its Stanley Cup betting offers each hockey season, along with numerous other events throughout the year. Of course, Cobra also covers other popular sports, such as baseball, basketball, football, soccer, and tennis.
However, it goes beyond the basics by offering less-heralded sports like table tennis and volleyball. Esports fans will also appreciate the offerings, given that several esports are available here. In short, you're in for a huge variety of markets, bets, and games.
Some of the current sports and games listed on Cobra include:
- Alpine skiing
- Aussie rules
- Badminton
- Bandy
- Baseball
- Basketball (college and NBA betting)
- Boxing
- Cricket
- Cycling
- Esports
- Football (college and NFL betting)
- Futsal
- Gaelic football
- Gaelic hurling
- Golf
- Handball
- Ice hockey
- Motorcycle racing
- Rugby
- Ski jumping
- Snooker
- Soccer
- Table tennis
- Volleyball
- Water polo
Note that this isn't even the full extent of Cobra's markets. This bookmaker will typically feature 35-40 sports at any given time. It also offers a nice variety of leagues within each sport. With hockey, for example, you can enjoy betting on the NHL, Austria's ICE, Finland's Liiga, Germany's DEL, and more.
You'll also enjoy every main bet type conceivable at Cobra. Moneylines, spreads, totals, props, teasers, futures, and live betting are available.
CobraBet Odds
In addition to its extensive sports selection, Cobra Bet stands out for its competitive odds. Cobra offers some of the best odds, no matter if you're wagering on soccer, golf, basketball games, or esports.
We found one example of 2022 Week 14 NFL odds to back up these statements:
CobraBet
- Jacksonville Jaguars 1.72
- Denver Broncos 2.13
- 5.09% margin
LeoVegas
- Jacksonville Jaguars 1.70
- Denver Broncos 2.12
- 5.99% margin
Royal Panda
- Jacksonville Jaguars 1.71
- Denver Broncos 2.10
- 6.10% margin
Again, football's top league isn't the only spot where Cobra Bet offers favourable odds. This online sportsbook gives bettors a strong opportunity to win in other sports, too. That said, you can take advantage of these odds when wagering on a variety of games.
Banking Options and Payout Speeds
You can fund your account with over a dozen payment methods at Cobra Bet. This bookmaker accepts everything from Interac (e-transfer) and e-wallets to cryptocurrencies (e.g., Ethereum, Bitcoin Cash) and credit cards (e.g., Visa). It's similar to other new sportsbooks in Canada in its willingness to provide multiple crypto banking methods.
Depositing Money Into Your Account
New players can quickly fund their account through the following steps:
- Complete the registration process (enter a bonus code if available).
- Visit the banking section.
- Choose one of the deposit methods (e.g., Visa, Mastercard).
- Enter your deposit amount and verify.
- Visit the sportsbook and place bets.
Withdrawing Your Winnings
Bettors can cash out from this sports betting site as follows:
- Go to the cashier.
- Select one of the available payment options.
- Fill in your cashout amount.
- Confirm and wait for your funds.
Betting Experience on Desktop & Mobile
Cobra Bet features both a mobile and a desktop version. That said, you can enjoy this bookmaker on a Mac, PC, Chromebook, iPhone, or Android. We tested out this sportsbook through a Chromebook and an iPhone while conducting this review.
Starting with the desktop, we noticed that Cobra doesn't waste time getting down to business. Rather than offering a fancy interface, its landing page only has markets, games, and bet types. We didn't have to scroll past any promotional banners or unnecessary fluff. You can register for an account by selecting the Sign Up button in the top-right corner.
You access major sections through a drop-down menu in the top left-hand corner. From here, you can pick Sports, live betting, Esports, Bonuses, Customer Support, and the Statistics Center. The latter offers detailed game and league stats to improve your odds of winning. Do note that you won't find live streaming at this sportsbook.
CobraBet Mobile Betting App
CobraBet doesn't have a dedicated mobile app, but it does feature browser-based play. In contrast to betting apps in Canada, browser-based play lets you wager directly through an internet browser.
CobraBet's mobile interface is similar to the desktop setup. It also takes a bare-bones approach to the matter by offering markets, odds, and games on the landing page. You can reach the Sports, Esports, Live Betting, and Bonuses sections through a drop-down menu.
Customer Support
Responsible Gambling at CobraBet Sportsbook
CobraBet Sportsbook prides itself on providing various measures of responsible gambling to hundreds of thousands of customers from all across the globe. This operator offers live chat support to players who require a cooling-off period or self-exclusion from betting for a specified duration.
Our Final Verdict
After looking over CobraBet, our Gambling.com team definitely approves this sportsbook. Cobra does an excellent job at providing markets, competitive odds, and promotions. In addition to a dedicated app, we'd like to see a welcome bonus and VIP program here, but the promos make up for these lacking aspects. In summary, CobraBet is a great choice for Canadian bettors.
CobraBet Sportsbook FAQs:
Does CobraBet Sports have a minimum withdrawal amount?
The CobraBet minimum cashout is generally $30, but it varies based on payment methods. For example, Interac and Neteller only require $30 minimum withdrawal. However, bank transfer demands a hefty $500 minimum withdrawal.
How good is the selection of games at CobraBet Sports?
Cobra has one of the best game selections in the entire betting industry. Punters can choose from almost 40 sports and several bet types here. You can also look forward to more than one league in each sport, too. Assuming you like live betting, then you'll also have plenty to choose from here.
Does CobraBet Sports have a mobile betting app?
No, CobraBet doesn't feature a mobile app, but it does offer browser-based wagering. With the latter, you just visit Cobra and register, deposit, and bet through your browser. Cobra is available on both Android and iOS mobile devices.
Is it safe to play at CobraBet Sports?
Yes, this bookmaker holds a license in Curacao and has a reputable parent company in Dama N.V. The latter has successfully operated dozens of sportsbooks and casinos for years. You can also look forward to an encrypted website and good customer support at CobraBet.
What is the average withdrawal time at CobraBet Sports?
The average cash-out time at CobraBet varies based on the method. E-wallets and cryptocurrencies typically deliver your money within 24 hours. Interac (e-transfer), meanwhile, often takes 3-5 days to deliver funds.
Where does CobraBet Sports hold its license?
CobraBet holds a license with Curacao eGaming. You'll find CobraBet legal in dozens of countries—most notably Canada—thanks to its Curacao license. As for Curacao eGaming, it's one of the most popular licensing jurisdictions and oversees hundreds of online sportsbooks.
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