This operator is currently unavailable in {{ regionName }}, Canada, here is the next best offer available to you This operator is currently available in {{ regionName }}, Canada

Coolbet Sportsbook Review 2022

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Reviewed By Jeremy Olson

Online poker. Online casinos. Sports betting.
Published: Mar 28 · 5 min read
Updated: April 15th, 2022

 

Coolbet launched in Estonia in 2016 with the goal of serving the Eastern European and Scandinavian markets. It has since transitioned towards Canada as well. Coolbet is now one of the top Canadian betting sites. It is also available in Ontario’s newly regulated sports betting market.

 

Coolbet Sportsbook Welcome Bonus

This operator is currently unavailable in {{ regionName }}, Canada, here is the next best offer available to you This operator is currently available in {{ regionName }}, Canada

 

On a national level, Coolbet offers a large welcome bonus for Canadians. However, we don’t know what kind of Coolbet Ontario bonus is currently available. After all, Ontario online sportsbooks aren’t allowed to advertise their welcome deals. In any case, Coolbet is one of the most popular Canadian online sportsbooks for a reason, well, multiple reasons. It has plenty of markets, favourable odds and a great reputation.

 

Coolbet Canada Sportsbook at a Glance:

 

📅 Established Since:2016
🏆 Coolbet Sportsbook Top Features: Great odds
💳 Coolbet Minimum Deposit: $10
💸 Cashout Speed: 0–1 days (w/ fastest methods)
📱 Betting App:N/A
📍 Legal and Regulated in:Ontario (coming soon April 4th)
👤 Legal Betting Age in Ontario:19+
🏦 Coolbet Sportsbook Retail Locations:N/A – Coming soon

 

Coolbet Canada Sportsbook Pros and Cons

Advantages
Green Circle with white tick in the center Large variety of markets
Green Circle with white tick in the center Favourable odds (low margins)
Green Circle with white tick in the center Award-winning mobile sportsbook
Green Circle with white tick in the center Reputable online sportsbook
Disadvantages
Green Circle with white tick in the center Few promotions
Green Circle with white tick in the center No live streaming

Sports and Markets Available at Coolbet Sportsbook

Product Coverage

 Canada

Coolbet features no shortage of markets, with dozens of sports available. You can get an idea on what it offers from the sample below:

  • MLB
  • NBA
  • Curling
  • Cycling
  • Football
  • Hockey
  • MMA
  • Rugby
  • Volleyball

These markets represent just a portion of Coolbet’s markets. That said, you’ll enjoy numerous betting opportunities here.

 

Coolbet Odds

The Coolbet odds are some of the best in the business. This online sportsbook frequently takes reduced juice from bets and, thus, has lower margins on wagers. Therefore, you’re often getting a better price at Coolbet versus almost every online sportsbook.

 

How to Sign up at Coolbet Canada

You can quickly become a Coolbet Sportsbook member through the following steps:

  1. Select the Register prompt.
  2. Enter your email, username and password.
  3. Verify that you’re at least 19 years old.
  4. Enter your personal details (e.g. name, phone number).

 

Coolbet Ontario signup

 

Live Streaming Live Streaming
Red X
Cash Out Cash Out
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Acca Insurance Acca Insurance
Red X
Odds Boost Odds Boost
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Time Out Time Out
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Bet Builder Bet Builder
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This operator is currently unavailable in {{ regionName }}, Canada, here is the next best offer available to you This operator is currently available in {{ regionName }}, Canada

 

Placing Your First Deposit 

You can place your first deposit as follows:

  1. Make sure you’re signed in.
  2. Visit the cashier area.
  3. Choose a banking method.
  4. Input how much you wish to deposit.
  5. Confirm the transaction and check on your finds.

 

This operator is currently unavailable in {{ regionName }}, Canada, here is the next best offer available to you This operator is currently available in {{ regionName }}, Canada

 

Why Sign Up with Coolbet Sportsbook

Coolbet Sportsbook presents a number of reasons to get excited over it. First off, it has some of the best odds/lowest margins in the industry. You can sometimes look forward to margins as low as (2%–3%). Coolbet also offers many markets, ranging from hockey to darts. You can always find something to wager on here.

 

Betting Contests at Coolbet Sportsbook

Some online sportsbooks offer betting contests to spice up the action. We’ll discuss if the same is true of Coolbet Sports.

 

Tournaments

We don’t see any available tournaments at Coolbet during this review. Tournaments give bettors an opportunity to compete against other sports betting enthusiasts.

 

Pools

Pool betting is another popular contest that pits gamblers against each other in fixed-price wagering. Coolbet isn’t running any pools right now either.

 

Banking Options and Payout Speeds

This betting site offers a decent number of deposit and withdrawal methods. You can fund your account with major credit cards, e-wallets and bank transfers.

 

Payment Method
Name
Deposit Amount
Withdrawal Amount
Withdraw Time
VISA
VISA
C$10 min
-
1-3 business days
MasterCard
MasterCard
C$10 min
-
1-3 business days
Trustly
Trustly
C$10 min
-
1 business day
Bank Transfer
Bank Transfer
-
-
1 business day
Bank Transfer
Bank Transfer
-
-
1 business day
Paysafecard
Paysafecard
C$10 min
-
-
NETELLER
NETELLER
C$10 min
-
Instant
Skrill
Skrill
C$10 min
-
Instant
Trustly
Trustly
C$10 min
-
1 business day
MasterCard
MasterCard
C$10 min
-
1-3 business days
VISA
VISA
C$10 min
-
1-3 business days
Interac
Interac
C$10 min
-
-

 

Depositing Money Into Your Account

You can place a deposit in as few as four steps:

  1. Log in (or register if you haven’t).
  2. Visit the payments section.
  3. Choose a payment method.
  4. Enter how much you want to deposit and confirm the transaction.

Withdrawing Your Winnings 

The Coolbet withdrawal process also offers four easy steps:

  1. Ensure that you’re logged in.
  2. Go to the cashier area.
  3. Choose a withdrawal option.
  4. Enter the desired cashout amount and confirm.

 

Betting at Coolbet Sportsbook in Canada 

The online sports betting Canada scene is mostly unregulated. Therefore, Coolbet and other betting sites can legally operate here without any problems. You can access this mobile sportsbook in 9 out of the 10 provinces.

Ontario is the lone exception because it has a regulated market. All Ontario online sportsbooks must hold licensing to operate here. The good news for Coolbet is that it already has licensing from the Alcohol and Gaming Commission of Ontario. Therefore, it has free reign to operate throughout this province.

 

Betting Experience on Desktop & Mobile

Coolbet is available on both desktop and mobile devices. Beginning with the desktop version, we had no trouble finding various markets and bet types. This website offers options like “recommendations” and “my favourites” to help you find the best wager types.

 

Coolbet Sportsbook

 

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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Coolbet Mobile Betting App 

No Coolbet app is available, but you can still enjoy mobile betting through your device. You just need to visit Coolbet’s website with an iPhone or Android. We found that the instant mobile version operated every bit as good as a leading app. The same filters that helped us during the desktop review were also around. We weren’t surprised by this excellent experience, given that Coolbet won “Mobile Product of the Year” in 2020. 

 

Social:
Available Hours:24/7
Phone:

 

Coolbet Customer Support

Having quick and useful help is crucial, especially when you are a new user looking to find your way around the rapidly growing online gambling industry in Canada with so many new sportsbooks entering the market and offering great incentives. That is why the customer support agents at Coolbet are making sure that you always feel welcome and that no questions remain unanswered. Should you require some assistance, this brand offers several channels through which they can be contacted: 

  • Live chat: 24/7
  • Email: customersupport@coolbet.com
  • Twitter: @CoolbetCanada
  • Phone: n/a

 

Deposit Limits Deposit Limits
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Profit/Loss Totaliser Profit/Loss Totaliser
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Our Final Verdict 

Coolbet is already one of the top betting sites in Canada. It has the potential to be a star in the regulated Ontario market. This bookmaker offers great odds, many markets and a user-friendly mobile site. The lack of live streaming and limited promotions are downsides worth mentioning. However, Coolbet Sports has too much going in its favour to be overlooked.

 

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."

Interests
  • Online poker
  • Online casinos
  • Sports betting

Reviewer since August 2021

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