Coolbet Review

Established in 2015, Coolbet is a fully licensed sportsbook under the Malta Gaming Authority (MGA), providing a secure and transparent platform for Canadian players outside Ontario. With coverage of 26 traditional sports, 15 eSports titles, a Politics category, and Canadian-focused leagues like the CFL and Canadian Premier League, it offers a wide variety of betting opportunities.

Coolbet is particularly well-suited for casual and newer bettors, thanks to its intuitive interface, simple bet builder, and engaging features such as the combo generator and interactive social feeds. Experienced bettors can still find value through global markets, parlay options, and competitive odds, though market depth is slightly less extensive than on top-tier sportsbooks.

Beyond sports betting, Coolbet also offers a casino platform and dedicated esports betting, giving players additional ways to engage. Overall, it delivers a user-friendly, feature-rich experience that balances accessibility with depth, making it an enjoyable option for both casual bettors and those seeking global markets and strategic tools.

Yes, Coolbet is a legitimate sportsbook. The operator is licensed by the Malta Gaming Authority (MGA), which means it can legally accept Canadian players in every province outside of Ontario. Since Coolbet has not yet obtained a license from the Alcohol and Gaming Commission of Ontario (AGCO), residents of Ontario cannot currently access the site.

Coolbet has also earned a reputation as one of the more transparent sportsbooks in Canada. Like many betting sites, there are reports of accounts being limited after consistent wins, but we’ve also found plenty of reviews highlighting long-term success. For high-stake players concerned with limitations, Pinnacle may be a better option, as it is well-known for welcoming sharp bettors and even allowing arbitrage betting.

On the security front, Coolbet follows standard industry practices such as SSL encryption, responsible gaming tools, and limiting the amount of time personal data is stored. This ensures players can feel safe providing the information required to use the platform.

Coolbet offers betting on 26 different sports, alongside 15 eSports titles and even a Politics category. With this balance of mainstream leagues and niche options, most bettors will have no trouble finding markets that fit their interests.

What stood out to us is that Coolbet goes beyond the usual big leagues like the NBA and NHL. The sportsbook also caters to Canadian players with options such as the CFL for football and the Canadian Premier League for soccer, coverage not every sportsbook provides.

Below, we break down the most popular sports to bet on with Coolbet.

The betting experience on Coolbet is best suited for casual and new bettors, though it can still offer value for more seasoned players. Many platform features feel tailored to beginners, with betting markets that are less versatile compared to top sportsbooks like Bet365 or Betway.

That said, experienced bettors will still find reasons to use Coolbet. The site’s broad sports coverage, combined with daily odds boosts, creates betting opportunities that rival even the biggest names in the industry. While some markets lack depth, bet builders are intuitive and the ability to combine events from leagues worldwide makes it possible to craft complex parlays with ease.

A standout tool is the combo generator, where users can set parameters such as combo size, odds range, and timeframe. In our testing, the generated wagers were both creative and practical, offering an engaging way to explore sports you might otherwise overlook.

We were also impressed by Coolbet’s interactive social features. The incoming bets feed displays wagers currently being placed by other players, helping you spot trends or opportunities. Meanwhile, the winner feed maps out successful wagers worldwide, even showing the winning ticket itself. Savvy bettors could use this to track betting patterns and refine strategies over time.

Overall, Coolbet delivers a fun, user-friendly experience with unique features that set it apart from competitors. We strongly recommend it for new and casual bettors who value ease of use, interactive tools, and broad coverage. For serious bettors, there’s value to be found, but the platform still has ground to cover before it matches elite sportsbooks like Bet365.

Below, we break down the top features offered on Coolbet:

Coolbet’s bet builder is designed to be simple and beginner-friendly. Each market is phrased as a question rather than a technical betting term. For example, instead of listing “Moneyline,” Coolbet displays “Who will win the game?” making it much clearer for those unfamiliar with traditional betting terminology.

Market availability varies depending on the sport or league. Mainstream leagues like the NBA and NHL provide more options, while niche leagues such as the CFL or CPL remain limited. Although Coolbet covers the essentials well, some competing sportsbooks still offer a broader range of markets for complex parlay building.

Coolbet’s bet builder is an excellent tool for casual bettors and those new to parlays, thanks to its straightforward design and ease of use. More advanced bettors seeking deeper customization and unique markets may find stronger alternatives at competitors like Bet365 or Betway.

While combo generators are not unique to Coolbet, the platform’s implementation is particularly well-designed. Users can set the number of lines and define the range of odds, making it simple to create combos that match their preferred risk level.

In our tests, the generated combos were sensible and balanced in terms of likelihood of success. Each line clearly displays the market chosen, the league, and the associated odds. Bettors can then add the combo to their bet slip, make adjustments, and set a stake they’re comfortable with.

We really liked this feature because it encourages bettors to explore events they might not normally consider. It adds extra entertainment and engagement, especially during the off-season of a user’s favorite sport, while still being straightforward and easy to use.

Coolbet’s winner feed is a unique feature not commonly found on other sportsbooks. It allows users to see which wagers are successful on the platform and which region of the world they come from. Users can explore the details of each winning ticket to better understand trends and strategies.

The incoming bets page lists all wagers currently being placed on Coolbet. Bettors can filter by sport or event, providing deeper insight into live betting trends and highlighting potential opportunities they may not have considered.

Together, these social features make it easier for both new and experienced bettors to identify trends, explore new markets, and make more informed betting decisions.

Coolbet offers a wide range of payment methods, including credit/debit cards, bank transfers, e-wallets, and cryptocurrency options. Deposits are instant, fee-free, and have a $10 minimum, which is standard across most Canadian sportsbooks.

Withdrawals have a $20 minimum, which may be high for low-stake bettors looking to cash out smaller amounts. On the plus side, withdrawals are generally fast, with instant options available via MuchBetter and Bitcoin, making it convenient for players who prefer quick access to their funds.

Coolbet provides live chat directly within the platform, with an average wait time of just 15 seconds, as well as email support, which typically responds within 2 hours.

User feedback on customer support is generally positive. While reviews are somewhat mixed, most negative comments relate to misunderstandings around the sign-up bonus terms. Overall, users praise the fast response times and helpful assistance provided by Coolbet’s support team.

Customer Support Options

• Live-Chat: 24/7
• Email: customersupport@coolbet.com

Signing up with Coolbet is a walk in the park and takes no longer than a few minutes to complete.

Creating an account with Coolbet is free, and you’ll more than likely be able to provide the details needed from you off the top of your head.

How to sign up with Coolbet

1. Click here to visit Coolbet.

2. Click on register.

3. Fill in your details.

4. Click on register.

5. Verify your phone number.