Coolbet Sportsbook Review for 2025

Gambling can be addictive. If you or someone you know has a problem with gambling, please seek help immediately. Support can be found in Canada at the Centre for Addiction and Mental Health, Gamtalk Treatment & Support, and Provincial/Territories helplines. Gamble responsibly and never risk funds that you cannot afford to lose.

Coolbet features various bonuses and promotional offers. There's a welcome bonus for new bettors, along with several bonuses for returning users. The promotions and offers change regularly.

Each promotion has terms and conditions, including wagering requirements, which may require additional betting.

Details on Coolbet Bonuses

1. Coolbet Deposit Bonus Welcome Offer – 100% up to $200

This welcome bonus is for all new bettors who use bonus code CAD200 and deposit at least $10. The maximum deposit for this offer is $200. The wagering requirements are 6x the bonus amount you receive, and you must wager on contests with odds of at least 1.5. The bonus you receive expires within 30 days. You will not receive a deposit match when you deposit with an e-wallet.

For example:

• If a bettor deposits $25, they must wager a total of $150 ($25 × 6) to access the $25 bonus as withdrawable cash.
• To meet the wagering requirements, you can only wager on contests with odds of at least 1.5.
• You must complete these wagering requirements within 30 days. Using the example above, you'd need to wager $5 daily to meet them.

2. 30% Golf Profit Boost

Pick a pre-tournament bet on the PGA Tour, LIV Golf, DP World Tour, LPGA Tour, or Champions Tour. From there, input the wager amount and tick the "The Big Swing 30% Boost" box to see what the additional winnings would be.

• No opt-in is required for this offer.
• Minimum total odds: 1.67
• Maximum extra winnings: $100
• Expires: Aug. 25, 2025
• No wagering requirements on extra winnings with the profit boost.

3. Esports Action

After opting in and using promo code ESPORTS25, you'll receive a 20% win boost on esports combo bets with odds of 4.00 or longer. You'll also need to tick the "20% multiplier" box upon building the combo bet.

• Opt-in required.
• Promo Code: ESPORTS25
• Minimum total odds: 4.00
• Maximum extra winnings: $75
• Minimum bet: $7
• Expires: Not listed
• No wagering requirements

4. UFC Bet & Get Special

To enroll in this offer, you must opt in and use promo code UFC25. From there, you must wager $25 on any UFC bet with odds of at least 1.50 and click the "FREE UFC Bet" box. When this bet settles, you'll receive a $25 free bet the following Monday.

• Opt-in required.
• Promo Code: UFC25
• Minimum total odds: 1.50
• Minimum bet: $25
• Expires: Dec. 28, 2025
• Wagering Requirements: 3x on contests with odds of at least 1.50.

5. Coolbet VIP Club

The Coolbet VIP program, “where loyal players enjoy exclusive rewards, premium perks, and unmatched experiences,” is invite-only.

With VIP Programs, you'll need to wager frequently and typically with larger amounts for the rewards to be received. While the exact amount isn't known, it's fair to assume you'll need to wager plenty to receive its perks, including premium customer support, travel opportunities, VIP events, and more.

6. Premier League Specials

This is a free-to-play game in which you pick the score of each Premier League game. There are 10 rounds, and $2,000 is given away weekly.

You'll earn points, and the person atop the leaderboard will receive the $200 prize.

Here's how to earn points:

• Match Score: 10 points
• Match Result + Goals for 1 Team: 6 points
• Only Match Result: 3 points
• Only Correct Goals for 1 Team: 1 point
• All winnings carry 3x wagering requirements on contests with odds of at least 1.50.

7. Parlay Insurance

With this offer, you'll receive a $15 free bet each week under the following circumstances:

• Opt-in required.
• Promo Code: COMBO24
• Place a minimum wager of $15 on a parlay with at least four pre-match 1X2 or moneyline wagers.
• Each leg must have odds of at least 1.50.
• Must wager on soccer, basketball, and/or ice hockey.
• When you wager, tick the "Parlay Insurance" box.
• If exactly one leg loses, you'll get a $15 free bet.
• The free bet carries 1x wagering requirements.
• If more than one of the four legs loses, you won't receive a free bet.

Coolbet is available throughout Canada, except Ontario. It's licensed by the Malta Gaming Authority meaning Canadian bettors do not have the same customer protections that they would have with a licensed Canadian betting site.

You can play Coolbet on desktop and mobile web browsers. No formal mobile app is available.

• British Columbia
• Alberta
• Saskatchewan
• Manitoba
• Quebec
• Newfoundland/Labrador
• Nova Scotia
• New Brunswick
• Prince Edward Island
• Yukon
• Nunavut
• Northwest Territories

To get started at Coolbet, you'll find that the process is similar to that of other sportsbooks in Canada. All new players must complete the account registration process.

Coolbet is licensed throughout the Canadian market, except for Ontario. Registering an account gives access to both the online sportsbook and Coolbet casino.

Below, you'll find instructions on how to complete the account registration process.

Coolbet Canada Signup

Open the Coolbet site and click "Register." This is found in the upper-right corner of the page.

On the first page, you'll provide an email, password, mobile phone number, and the area from which you're playing (Canada). You agree to terms and conditions regarding age and Coolbet's privacy policy.

The next step will ask for various bits of contact information, including the following:

• First Name
• Last Name
• Gender
• Birthdate
• Address
• Zip Code
• Province
• Alias (account username)

From there, a PIN will be sent to your phone, which you'll need to input on the page. This will confirm your phone number and verify your account.

Once this is complete, you're all set to start depositing or withdrawing. There are no guidelines for further verification of your account. Customer support says verification is routine and can be asked "at one point or another."

In the event you have access to verify your account further, you'll get an email asking for proof of identification. This will include emailing a copy of your photo ID, proof of address, and proof of payment method.

Coolbet has not yet developed a dedicated mobile app for iOS or Android devices.

However, the mobile version of the sportsbook can be accessed through mobile browsers on iOS and Android.

The Coolbet website is fully optimized for mobile use, providing the same features available on desktop.

At Coolbet, you'll find many betting markets and ways to wager on your favorite sports, events, and international brands. Understanding how each works is invaluable is crucial to make an informed wager.

Below, you'll find a table with some popular sports betting markets, an example of each bet, the implied winning probability, the difficulty of each (some of which might be better for more experienced bettors), and the potential profits.

At Coolbet, odds default to American odds, but you can change them to decimal in the profile settings. 

Here is an example of the odds at Coolbet.

Decimal Odds:

• Example: BYU 2.78 (35.97% implied winning probability)
  A $100 wager returns $278 total ($178 profit + original $100 bet).

American Odds:

• With "+" odds, you'll win that amount with a successful $100 bet. Conversely, with "-" odds, you must wager that amount to win $100.
  The decimal odds of 2.78 equal approximately +178 in American odds.

Best Odds Comparison: Coolbet vs. Bet99 vs. Sports Interaction

(March Madness Game: BYU vs. Alabama – March 27)

Does Coolbet Offer Competitive Odds?

After comparing the odds between Coolbet, Sports Interaction, and Casumo for the Alabama vs. BYU game, we found that Sports Interaction offers the most value.

For example, Sports Interaction's odds of 2.80 for the BYU moneyline illustrate a higher potential payout than Coolbet's 2.78 or Casumo's 2.75.

Additionally, the point spread odds are slightly more valuable on both sides.

If you're looking to maximize your potential winnings, Sports Interaction is the place to go. Of course, odds can fluctuate at any time, and despite the higher payout potential, we strongly encourage you to remember to bet responsibly. When making a recommendation, we consider tools such as betting limits when considering the top online sportsbook options.

Again, these odds can change from minute to minute, while these tools are static and readily available no matter what.

At Coolbet, there are six ways to deposit money. There are also six withdrawal options available.

These include Apple Pay, Bitcoin, MuchBetter, E-Transfer, Visa, and Mastercard. You can also withdraw with a bank transfer.

Here are the available methods listed:

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

At Coolbet, you can contact customer support via email and a 24/7 live chat. The live chat is fast and responsive, but we found some discrepancies in information related to minimum deposits.

One customer support representative told us $2, but the chart on the FAQ page lists $10.

Alternatively, you can email or contact them via social media.

Below is a full Coolbet review of the live chat customer support. We've documented each interaction throughout the day, including response and resolution time.

Coolbet Customer Support Response Times (Live Chat)

Coolbet Casino is an accessible online casino platform connected to the online sportsbook. It also offers a portal for poker and virtual sports.

There are casino games such as slots, crash games, drops and wins, table games, video poker, and jackpot slots.

These casino games came from numerous reputable providers, including Pragmatic Play, Play'n Go, Fantasma, Switch Studios, Playson, Playtech, Triple Edge Studios, and more.

There are over 4,000 casino games when adding all the games the 63 providers have supplied.

Coolbet Canada offers several responsible gambling tools to help maintain responsible gaming habits. These include setting limits on your losses and deposits. You can also take a self-assessment test to gauge how at-risk you are and take a time-out from playing. You can also request longer breaks, too.

During these time-outs, you cannot access anything, including games or any ongoing promotions.

Coolbet's responsible gambling page stresses its importance, saying, "Whether it is Sportsbook or Casino you always need to keep in mind that gambling is entertainment. This is also how we at Coolbet want it to be. We want you to have a good and relaxing time while watching your favourite team or enjoying few rounds of Black Jack but most of all we want you to do it responsibly."

That statement alone makes them a transparent gaming company.

They provide links to organizations that have trained professionals to assist you, including the Responsible Gambling Council, Gamblers Anonymous, and BeGambleAware.

Coolbet also addresses underage gambling. It encourages you to download software like Net Nanny, CyberPatrol, Contentwatch, and Netmom.

Coolbet is licensed and regulated by the Malta Gaming Authority. Its license number is MGA/CRP/681/2019.

With a license from the Malta Gaming Authority, Coolbet is held to a standard that involves fairness, transparency, and keeping them accountable.

• Security Measures
• Coolbet employs several security measures to protect user data and ensure a safe online environment:
• Data Encryption: Coolbet uses Secure Socket Layer (SSL) encryption to keep your financial information safe during transactions.
• Cryptography: Use of encryption to maintain data confidentiality, authenticity, and integrity at rest and in transit.
• Privacy Policies: Coolbet has a massive privacy policy which discusses all thing related to keeping your information safe.
• Penetration Testing: Coolbet Canada performs simulated cyberattacks to assess system vulnerabilities and improve defenses.
• Technical and Organizational Security Measures: These include a broad range of internal policies and systems to protect personal data from unauthorized access, alteration, or loss.

In February 2021, the Swedish Gambling Authority fined Coolbet's parent company, Polar Limited, for violations related to underage betting. The penalty was SEK650,000 (CAD 92,300), but was later reduced to SEK600,000 (CAD 85,200).