How to Bet at Coolbet Sportsbook in Canada

12 min read
Apr 29, 2025, 11:06 AM
Author
Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief
Fact checked by:
Richard Janvrin
Richard Janvrin
Writer
Last Updated: Apr 29, 2025, 11:13 AM

Overview of Coolbet Sportsbook in Canada

Coolbet operates in Canada under a Malta Gaming Authority licence, offering access to a broad range of sports betting markets outside Ontario. Bettors can place wagers on football, basketball, hockey, soccer, and dozens of other events using the Coolbet Sportsbook platform. Deposits are available through multiple payment methods, and odds are displayed in decimal format by default, with options to switch to American or Fractional odds. Once an account is registered and funded, users can select bets, build parlays, explore live betting opportunities, and manage wagers through the site or mobile version.

Getting Started: How to Open a Coolbet Canada Account

  1. Visit the Coolbet Canada site and hit Register.
  2. Enter your email, mobile number, and password, then complete a second page with your name, address, date of birth, and username.
  3. You may also register with your Google account, Facebook, or Apple ID.
  4. You will receive a code sent to your mobile device to authenticate your Coobet Canada account. Enter the SMS PIN on Coobet to verify your phone.
  5. Upload ID documents only when Coolbet requests further verification; routine checks can arrive at any stage.

Account setup usually finishes within five minutes.

Make your first deposit and claim any Coolbet offers

StepActionNotes
1Click DepositLocated top-right on desktop and mobile site.
2Choose methodChoose from one of the banking methods from the table below👇🏼
3Enter amountMinimum CAD 10; some promos need CAD 15+.
4Choose a Coolbet BonusCoolbet bonuses change regularly, so be sure to check for active promotions.
5Confirm depositFunds appear instantly with cards or e-wallets; up to 1 day with Interac.
Wagering requirements on the Coolbet welcome bonus are 6× the bonus at a minimum of 1.50 odds within 30 days. This is very difficult for most sports bettors to achieve.

Placing a Bet at Coolbet Sportsbook

After you have signed up and made your first deposit, it is time to place an informed bet. Coolbet’s platform is designed to allow Canadian bettors to navigate sports, find markets, check the odds, and confirm selections in a few steps. Before approving any wager, ensure you understand the market rules and the payout structure for the event you are betting on. Be sure to research the historical sports data on the specific market you are considering wagering.

Step-by-Step: Placing a Bet at Coolbet

  1. Navigate to the "Sports" section.
    Select "Sports" in the top navigation bar to open the list of available leagues and events.
  2. Select your sport and event.
    Choose from sports like football, basketball, hockey, soccer, or dozens of others. Click on a sport, then select a league (e.g., NHL, NBA) or competition to view all upcoming matches.
  3. Browse the available betting markets.
    Each match or event first displays the primary markets, such as full-time result, point spread, and totals. Click “More Bets” to expand into player props, team props, and alternative lines.
  4. Choose your bet type and odds.
    Click on the odds you wish to wager on. For example, selecting the Toronto Raptors at 1.85 to win their NBA match will automatically add that bet to your bet slip.
  5. Enter your stake.
    Your bet slip will show the selection on the right side of the screen (or at the bottom on mobile). Enter the amount you wish to wager in Canadian dollars. The system will display your potential return based on the decimal odds.
    1. Example:
      1. Wager: $50
      2. Odds: 1.85
      3. Potential Payout: $92.50 (including your $50 stake)
  6. Review and place your bet.
    Double-check the selection, odds, and stake. If everything is correct, click "Place Bet." Once the bet has been accepted, a confirmation message will appear.
  7. Track your open bets.
    After placing your bet, you can view active wagers under the “My Bets” section. Coolbet lists each bet's status (open, settled, cashed out) and details.

Payment Methods at Coolbet Canada

Name
Deposit
Withdraw
Time
Min
Fee
Time
Max
Fee
Interac
Interac
0-1 day
$5
0
1-3 days
$3,000
0.1-1.75%
VISA
VISA
0-1 day
$10
1-4%
2-7 days
$50,000
1-6%
Mastercard
Mastercard
0-2 days
$10
1-3%
2-7 days
$50,000
1-5%
MuchBetter
MuchBetter
0-1 day
$10
1-3%
0-3 days
$10,000
1-3%
Bitcoin
Bitcoin
0-1 day
0.00011 BTC
Gas Fees
0-1 day
1 BTC
Gas Fees
Bank Wire Transfer
Bank Wire Transfer
1-5 days
$50
0
1-7 days
$100,000
$30-$50

Explore the Betting Markets at Coolbet

Coolbet Sportsbook offers various betting markets across 30 sports and additional events (politics, etc.), catering to casual and experienced bettors. The platform provides options for pre-match and live betting, with features like the Bet Builder for creating customized bets and "Match of the Day" promotions offering boosted odds.

Each event typically offers markets, such as moneyline, point spread, totals, player props, and futures. Users can filter events by league, date, or live status. The site's responsive design ensures a seamless experience across devices, eliminating the need for a separate app.

Popular Sports Betting Markets at Coolbet Canada

Market TypeExample BetDescription
MoneylineToronto Raptors to win at 1.85Bet on the outright winner of the game.
Point SpreadToronto Argonauts -3.5 at 1.91Bet on a team to win by a specified margin.
Totals (Over/Under)Over 2.5 goals in a soccer match at 1.95Bet on the total number of points/goals scored in a game.
First GoalscorerLionel Messi to score first at 5.00Bet on a specific player to score the first goal.
Total CornersOver 10.5 corners in a soccer match at 1.85Bet on the total number of corners in a match.
Both Teams to ScoreYes at 1.75Bet on whether both teams will score in a match.
Correct ScoreArsenal to win 2-0 at 9.00Bet on the exact final score of a match.
Half-Time/Full-TimeMan City leads at HT & FT at 2.50Bet on the result at half-time and full-time.
Double ChanceDraw or Liverpool win at 1.40Bet on two possible outcomes in a match.
Anytime TouchdownTravis Kelce to score at 2.10Bet on a player to score a touchdown anytime during the game.
Handicap BettingPatriots -7 at 1.90Bet on a team to win with a handicap applied.
Team TotalsWarriors over 110.5 points at 1.88Bet on a team to score over a certain number of points.
FuturesMaple Leafs to win Stanley Cup at 8.00Bet on the outcome of a future event, like a championship winner.
Player PropsLeBron James over 7.5 rebounds at 1.85Bet on individual player statistics.
First Half ResultBarcelona leading at halftime at 2.20Bet on the result at the end of the first half.

Build a customised parlay bet with the Coolbet Bet Builder

Click the Bet Builder icon on eligible games. Each leg adds to the cumulative payout in real time. Combining three legs into one ticket converts multiple correlated outcomes into a single bet with improved returns, but these bets are far riskier. Bet Builder wagers are some of the most popular sports betting options

Live Betting at Coolbet

After an event has started, bettors can continue placing wagers through Coolbet's live betting platform. Odds update dynamically based on game developments, and market availability may change depending on the state of play.

How to Place a Live Bet at Coolbet

  1. Navigate to the "LiveBet Lobby" section.
    At the top left of the sportsbook, you can access current in-progress games in the LiveBet Lobby.
  2. Select a sport and event.
    Available sports typically include soccer, tennis, hockey, basketball, cricket, and baseball. However, not all matches are available for live betting.
  3. Choose from available live markets.
    Markets include moneyline, next goal, point spreads, over/under totals, and player props. Some events offer hundreds of live wagering options at different match stages.
  4. Monitor live odds movement.
    Odds will update automatically. A yellow warning icon ⚠️signals that the price has changed while you were reviewing the bet slip. You must accept the new odds before confirming the wager.
  5. Place your live bet.
    After accepting any updated odds, enter your stake and place the wager. If the bet is accepted successfully, a confirmation will appear.

Betting at Coolbet Casino

In addition to its sportsbook, Coolbet Canada operates an online casino section with various gaming options. Bettors with a verified account can access casino games directly from the top navigation menu without creating a separate account.

Coolbet Casino offers various titles across categories, including slots, blackjack, roulette, baccarat, and live dealer tables. Popular features include real-time game statistics, bet history tracking, and the ability to set table limits. Players can switch between sports betting and casino play while keeping their balance unified across the site.

The Coolbet Casino includes partnerships with major providers and regularly updates its game library to reflect seasonal releases. Casino games are subject to independent auditing under Coolbet’s Malta Gaming Authority license, ensuring fairness and compliance with security standards.

Promotions and bonuses from Coolbet vary between the sportsbook and casino, and wagering requirements differ depending on the specific offer. Always check bonus terms carefully before opting into any promotion involving casino games.

While Coolbet provides a good option for bettors seeking both sports and casino play in one platform, users focused solely on sports betting can continue wagering without participating in the casino.

Final Thoughts on How to Bet at Coolbet Sportsbook in Canada

Coolbet provides Canadian bettors outside Ontario with a licensed, secure platform offering access to various sports, leagues, and betting markets. From single bets and parlays to live wagers and Bet Builder combinations, the platform provides practical features for managing wagers across different events. Bettors can switch between sports betting and Coolbet Casino games using the same account and balance, with wagering requirements and promotion terms varying by category.

Reviewing odds formats, verifying market rules, and confirming bonus conditions, where applicable, remains essential before placing bets. Coolbet’s sportsbook is designed to support straightforward navigation across desktop and mobile versions, allowing bettors to access live events, manage active bets, and track payouts through a unified interface.

Like any sportsbook, betting decisions at Coolbet should be informed, measured, and supported by independent research on teams, markets, and historical data. Promotions, payment options, and wagering features continue to evolve, so bettors are encouraged to review updates directly on the Coolbet Canada site before participating.

<p>With 20+ years of writing experience across sports, gambling, regulation, technology, and startups, Sol brings a broad understanding to his role as Editor-in-Chief at RG. His work provides clear, factual information to help readers make informed decisions about gambling. Sol’s approach is about transparency and research, so the content at RG is straightforward, evidence-based, and accessible.</p><p>At RG, Sol keeps the focus on the reader by maintaining a standard of reliability and integrity in the information shared. Under his editorial direction, RG aims to provide practical insights into sports and sports entertainment that support a balanced and informed approach. Sol’s approach has helped RG become a go-to source for readers looking to engage responsibly and thoughtfully in the industry.</p>
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