Coolbet Review
Last Updated Nov 24, 2022, 1:09 PM ET
Aims to provide the best betting odds
Very fast withdrawals
Rich schedule for live betting
100% Bonus up to $200
BetSmart™ Rating:
Bonuses & Promotions
Banking & Payout Speed
Key Features
Security & Trust
Customer Support
Payout Speed:
0-3 days
Deposits & withdrawals
Why Coolbet?
Aims to provide the best betting odds
Very fast withdrawals
Rich schedule for live betting
Payout Speed:
0-3 days
BetSmart™ Rating:
BetSmart™ Rating:
Deposits & withdrawals
Coolbet Sportsbook Review
Learn more about this unique and transparent betting site in our full Coolbet review!
Coolbet launched in 2016 with an online sportsbook and an online casino. The Estonian-based network originally targeted European and Scandinavian markets but is getting quite popular in Canada. Coolbet comes with a modern interface and offers a high level of transparency where bettors can actually see what bets the bookmaker is taking.
Hits and misses
Since Coolbet Sports offers reduced margins so that bettors benefit from better odds, the sportsbook doesn’t have that many bonuses and promotions.
Sign-up bonus
The Coolbet welcome bonus for Canadians is actually very impressive. It is a 100% match on your first deposit ? up to $200 ? that only requires the Coolbet bonus code CAD200. The bonus funds will be added to the balance right away, and the winnings can be withdrawn after betting the bonus six times at minimum odds of -200 (1.50).
Ongoing promotions and bonuses
There is an entire list of boosted odds at Coolbet Sports. These markets come with improved odds and promise better returns. You can browse all of them on the dedicated page on the site. The operator will also launch limited promotions around big events from time to time. Most deals consist of risk-free bets for selected leagues.
Deposit options
The cashier now supports banking in CAD and also comes with several online payment methods that are popular among Canadians.
| Deposit Method | Fee | Process Time | |
|---|---|---|---|
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $10 |
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FREE | Instant | $20 |
Withdrawal options
Coolbet has some of the fastest withdrawals you can find. Most requests are processed within six hours if the account is fully verified.
| Withdrawal Method | Fee | Process Time | |
|---|---|---|---|
|
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FREE | 1-3 Banking Days | $20 |
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FREE | 1-3 Banking Days | $20 |
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FREE | 1-3 Banking Days | $20 |
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FREE | 1-3 Banking Days | $20 |
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FREE | 1-3 Banking Days | $20 |
|
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FREE | Within 24 hours | $20 |
The Coolbet Sportsbook definitely has some unique features that can actually help bettors make better selections and win more money. It is known for its innovation and transparency.
Live betting
Live betting is of course available from this award-winning online sportsbook. The LiveBet Lobby is always filled with markets and betting lines. The user-friendly interface allows clients to easily browse the most popular events for the top sports and place instant bets on live betting odds.
Casino
Although many sports betting sites nowadays have a few casino games included on the platform, the Coolbet Casino is actually outstanding. The online casino can be accessed from the same account and it has around 1,200 games in total. This massive library has all of the best slots, along with many table games and other options.
Complete transparency
Coolbet claims to be the first fully transparent online sportsbook. It allows registered users to see players statistics, incoming bets, and recent winners. For example, you can select hockey and see the actual turnover for the big games. Check out how the other users are betting and how much money is at stake.
Early cash out
Many events are eligible for early cash out at Coolbet Sports. You can use the feature from the dedicated Cash Out tab on the betting menu. Here is where you can view your active bets and the option to cash out at the current rates. An early cash out can be used to guarantee a win on your bet before the event reaches its natural conclusion.
Poker
Coolbet joined the Microgaming Poker Network in 2018. The Coolbet poker room still has its elegant design while benefiting from the good traffic that comes with the network. New players are eligible for up to $2,000 in bonuses when joining the action. There are also other poker promos and rewards to claim here.
Coolbet won the Mobile Sports Product of the Year 2019-2021, which is saying a lot. Although the sportsbook doesn’t have native apps for mobile devices, the entire website has been designed to run on different platforms. As a result, mobile bettors can access the same betting options and features directly from their smartphones and tablets. The Coolbet mobile sportsbook is fully compatible with iOS, Android, and Windows.
Coolbet offers encrypted connections at all times. It uses 128-bit keys to keep users safe and their personal details private. The site is operated by Polar Limited, a company with a registered address in Malta. It is licensed and regulated by the Malta Gaming Authority. The sportsbook also promotes responsible betting and encourages users to always "stay cool".
Malta Gaming Authority
The customer support at Coolbet is quick and useful. The operator now offers 24/7 support via live chat and email. Unfortunately, phone support has been closed indefinitely.
- Live chat available 24/7
- Email: customersupport@coolbet.com
- Phone: n/a
- Support languages: English + 7 others
- Twitter: @CoolbetCanada
Coolbet Sports may not be as popular as other online sportsbooks in Canada but it definitely deserves to be checked out. It has won multiple awards for its excellent services and innovative features.
User-friendly site
The sportsbook interface makes everything seem very familiar and it is easy to navigate the many sports and markets available. Everything is just a few clicks away and even beginners can feel welcome here.
Top mobile sportsbook
For bettors who place a lot of bets on the go, Coolbet Sports is definitely one of the best options out there. The mobile site is very secure and it allows you to place bets within seconds, from any location.
Unique features
Coolbet is definitely unique in some aspects. It allows users to see recent bets and easily copy them onto their own tickets. There is also an increased transparency for the turnover on pre-match markets.
Coolbet FAQ
Absolutely! Coolbet may not have a very long history but it is definitely a legitimate online sportsbook, casino, and poker room. It is fully licensed and regulated by the MGA.
If you use the Coolbet bonus code CAD200, you will receive a 100% bonus match on the first deposit. You can double your bankroll with up to $200 for free to have more fun placing bets
Bitcoin deposits are not supported at Coolbet Sports at this time. Instead, you can opt for any of the other deposit methods available in the cashier.
You can certainly enjoy your winnings after betting online with Coolbet. Real money can be cashed out at any time through the banking methods used for deposits.
Coolbet withdrawals are very fast and the team will usually approve requests in just a few hours. Payments to e-wallets are done almost instantly and transfers to cards or bank accounts only take a couple of banking days.
The button for live chat at Coolbet.com is available in the bottom-right corner. You can also send emails to the support team for assistance if this method is preferred.
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Mike has been researching and reviewing products for more than a decade. The former travel and entertainment publisher is all in on sports betting. When he's not sweating picks or supporting Covers' betting experts in making smarter sports bettors, you can find him by the BBQ, perfecting his cross-hatch marks.
