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CobraBet Sportsbook Review: Up to $150 in Free Bets

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Reviewed By Jeremy Olson

Online poker. Online casinos. Sports betting.
Published: Oct 10th · 7 min read
Updated: February 1st, 2023
Note: If based in Ontario, any content mentioning bonuses, promotions, wagering or free spins is not intended for you, following Ontario regulations. If located in that province, please go to Ontario Sportsbooks. Ignore this note if not based in Ontario.

CobraBet (a.k.a. Cobra Casino Sportsbook) is an online betting site that launched in 2020 under a Curacao license. Owned by Dama N.V., it serves Canada and dozens of other countries.

The Cobra Casino nickname comes from how CobraBet offers both a betting site and casino. This review focuses on the online sportsbook—most notably what Canadian bettors can expect. It covers this bookmaker's signup process, bonus, promotions, available sports and banking options. It also goes through the pros and cons and whether you should ultimately bet here.

CobraBet Sportsbook at a Glance

📅 Established Since:2020
🏆 CobraBet Sportsbook Top Features:Statistics Center, Schedules & Results
💳 CobraBet Minimum Deposit:$20
💸 Cashout Speed: 2-3 business days
📱 Betting App:None (browser-based mobile play)
🏦 CobraBet Sportsbook Retail Locations:None

Top Highlights

  1. ⭐ Has One of Canada's Biggest Sports Selections
  2. ⭐ Offers the Industry's Most "Combos Boosts"
  3. ⭐ Compares Well to Any Bookmaker in Odds
  4. ⭐ CobraBet is a reliable online sportsbook with excellent backing (Dama N.V.). It offers an incredible number of markets and promotions, along with very competitive odds.

Pros & Cons

Pros
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
Cons
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.

 

🎁 Welcome Bonus:N/A
💳 Bonus Code:N/A
🏆 Bonus Type:N/A
💸 Min-Max Deposit:$15 min. / $6,000
🔄 Wagering Requirements:N/A
Claim CobraBet Sportsbook Bonus

 

CobraBet Sportsbook Review

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 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.

Cobra Sports Welcome Bonus

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How to Sign up at CobraBet

The CobraBet registration process works as follows:

  1. Visit the Cobra Casino Sportsbook page.
  2. Select the Sign Up option.
  3. Enter your email, password and currency.
  4. Confirm that you're at least 18 years old.
  5. Complete your profile by entering personal details (e.g., address, birth date).

 

CobraBet Sportsbook Sign Up

 

Placing Your First Deposit

You can deposit and begin placing bets after completing the following steps:

  1. Select the deposit option.
  2. Make sure you've completed your account (see step #5 above).
  3. Select a banking option.
  4. 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 lacking bonus with many promotions. You can enjoy regular combo boosts, free bets and tournaments here.

Since launching in 2020, Cobra has proven 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 sport tourneys.

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.

 

CobraBet Sportsbook Betting

 

Canada has a wide-open online sports gambling market with no major restrictions. Therefore, you can bet at the best sports betting sites Canada 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 licensing. Cobra Bet doesn't have a license and can't serve this province right now. We'll update this review if Cobra ever becomes one of the licensed Ontario online sportsbooks.

Sports and Betting Markets Available at CobraBet

CobraBet truly excels at providing a wide range of sports and betting markets. It offers practically ever sport available, along with many events throughout the year. Of course, Cobra has the popular sports covered, like baseball, basketball, football, hockey, 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 nice league variety within each sport. With hockey, for example, you can enjoy NHL betting, 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.

 

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CobraBet Odds

In addition to its sport selection, Cobra Bet stands out regarding its 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.

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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 new bookmakers in its willingness to provide multiple crypto banking methods.

 

Payment MethodDeposit AmountWithdrawal AmountWithdrawal Time
Bank transferN/A$5003-5 days
Bitcoin0.0001 BTC$300-1 days
Bitcoin Cash0.01 BCH$300-1 days
Dogecoin1 DOGE$300-1 days
Ethereum0.01 ETH$300-1 days
iDebit$15N/AN/A
Interac$30$303-5 days
JetOn$30N/AN/A
Maestro$15N/AN/A
Mastercard$15N/AN/A
MuchBetter$20N/AN/A
Neteller$$30$300-1 days
Siru Mobile$20N/AN/A
Visa$15N/AN/A

Depositing Money Into Your Account

New players can quickly fund their account through the following steps:

  1. Complete the registration process (enter a bonus code if available).
  2. Visit the banking section.
  3. Choose one of the deposit methods (e.g., Visa, Mastercard).
  4. Enter your deposit amount and verify.
  5. Visit the sportsbook and place bets.

Withdrawing Your Winnings

Bettors can cash out from this sports betting site as follows:

  1. Go to the cashier.
  2. Select one of the available payment options.
  3. Fill in your cashout amount.
  4. Confirm and wait for your funds.

 

Betting Experience on Desktop & Mobile

Cobra Bet features both a mobile and desktop version. That said, you can enjoy this bookmaker through a Mac, PC, Chromebook, iPhone or Android. We tested out this sportsbook through a Chromebook and 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 a sports betting app, browser-based play lets you wager directly through an internet browser.

CobraBet's mobile interface is similar to the desktop setup. It too 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 section through a drop-down menu.

 

IOS App IOS App
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Android App Android App
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Mobile Live Streaming Mobile Live Streaming
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Customer Support

Customer Support Options: e-mail, live chat
Phone: N/A
Email: contact@cobracasino.com
Social: N/A
Available Hours:24/7

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 provides live chat support to players who are in need of cooling off or self exclude from betting for the desired period. 

Deposit Limits Deposit Limits
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Stake Limits Stake Limits
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Profit/Loss Totaliser Profit/Loss Totaliser
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Self Exclusion Self Exclusion
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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. 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:


The CobraBet minimum cashout is generally $30, but it varies based on payment methods. For example, Interac and Neteller only require $30 minimum withdrawals. However, bank transfer demands a hefty $500 minimum withdrawal.

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.

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.

Yes, this bookmaker holds licensing 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.

The average cashout 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.

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.

Contributors

Contributors

Hi, I'm Jeremy Olson

"Jeremy Olson has been writing about gambling since 2004. He started out by covering poker and branched out into casino games and sports betting shortly thereafter when he started reviewing online casinos and sportsbooks in 2008."

Interests
  • Online poker
  • Online casinos
  • Sports betting

Reviewer since August 2021

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