Coolbet Sportsbook Review 2024

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.

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:

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
• NFL
• 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).

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.

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.