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CoolBet Canada Review (2022)

Coolbet is one of the top online casinos in Canada. Canadians love the diverse options available at Coolbet. This includes a casino, sportsbook, and poker room. Best of all, Coolbet is modern, sleek and extremely easy to navigate.  

Coolbet is also one of the first gambling sites to join the open iGaming market in Ontario. This means the Alcohol and Games Commission of Ontario (AGCO) regulates the casino in that province.

There are two important things that users in Ontario must note. Coolbet’s iGaming Ontario license means that players in Ontario: 

  • Can only play at www.coolbet.ca (i.e. Coolbet.com is not available in Ontario) 
  • Cannot play poker at Coolbet

About Coolbet 

Coolbet was established in 2016. The online casino’s head office is in Tallinn, Estonia.  

Currently, Polar Limited operates Coolbet. Polar started in 2018 and is based in Malta. 

Coolbet focuses on upholding three main values: 

  1. Integrity 
  2. Social responsibility 
  3. Quality 

As a result, players in Canada are sure to experience safe and relaxing entertainment. 

Licensing & Player Safety  

To ensure integrity, Coolbet holds gaming licenses in the following countries: 

  • Estonia 
  • Sweden 
  • Malta (Malta Gaming Authority) 

For player safety, the site is also SSL encrypted. This means that users’ information is protected and kept secure online.  

All games on Coolbet are audited and checked to ensure fair play. This includes frequent monitoring and testing of Random Number Generators.  

Coolbet Gambling Options 

Coolbet has three main gambling options for Canadians to choose from. 

  1. Sports betting 
  2. Casino 
  3. Poker 

Let’s take a look at each, so you can decide if Coolbet is right for you! 

Coolbet Sports

Want to bet on your favourite sports from the comfort of home? Get in the game with Coolbet Sports! 

Here’s what you can expect when placing your bets at Coolbet Sports. 

Available Sports  

You’ll find all your favourite sports at Coolbet. Some of the site’s top options include: 

  • Hockey 
  • Basketball 
  • Curling 
  • Soccer 
  • MMA, and more 

Our favourite option - the ability to bet on National Lacrosse League (NLL) games. Coolbet Sports stands out among other Canadian online betting sites because it includes the NLL. The National Lacrosse League can be difficult to find on other online betting sites. So, if lacrosse is your thing, look no further than Coolbet Sports. 

Betting Markets 

Coolbet also includes tons of great betting markets. For example, when it comes to hockey, Canadians can bet on the NHL, as well as: 

  • Liiga (Finland) 
  • SHL (Sweden) 
  • DEL (Germany) 
  • Swiss League (Switzerland), and many more 

Whatever your favourite sports league, we’re willing to bet you’ll find it at Coolbet Sports. 

Betting Margins 

Coolbet has some of the lowest betting margins and highest odds in Canada. The average sportsbook has a betting margin of 7 to 10%. In comparison, Coolbet offers a margin of just 4%. This means more money in your wallet! 

When playing at Coolbet Sports, Canadians can choose from the following odds formats: 

  • American 
  • Decimal 

Keep in mind, as with any sportsbook, betting on the underdog will have low odds and high returns. Alternatively, betting on the favourite will have high odds and lower returns. 

Sportsbook Bonuses & Promotions 

Love bonuses and promotions? So do we! Luckily, Coolbet Sports offers tons of generous perks including:

  • Welcome bonus - free cash when you register for a sports betting account
  • Betbuilder Special - earn free bets and extra prizes every week
  • UFC Bonus - earn free betting credit when you place a UFC bet
  • eSports - earn free betting credits each week

Live Streaming 

Unfortunately, Coolbet Sports doesn’t offer live streaming. The site does, however, offer plenty of options for live betting. Users can place live bets on several sports, including:

  • Basketball 
  • Baseball  
  • Soccer 
  • eSports 
  • Rugby, and more 

Coolbet Casino

In addition to great sports betting, Coolbet has an awesome online casino. You’ll find plenty of games and unique features. Coolbet is bound to be one of your favourite online casinos in Canada.

Check out what Coolbet Casino has to offer.

Available Casino Games  

From slots to table games, Coolbet Casino offers hundreds of games.  

Here’s what you’ll find at Coolbet Casino: 

  • Live casino games 
  • Slots 
  • Table games - Blackjack, Roulette, Baccarat, Poker 
  • Video poker 

Game Providers 

Coolbet Casino has partnered with some of the best game providers in the iGaming industry. Casino games from these developers offer high-quality graphics, exciting themes, and generous payouts.  

The game providers you’ll find at Coolbet include: 

  • Pragmatic Play 
  • Nolimit City 
  • Quickspin 
  • Play’n Go 
  • ELK Studios 
  • Push Gaming 
  • Habanero, and more 

Average Payout Percentages 

Coolbet Casino has odds that will have you coming back for more!  

Some of Coolbet Casino’s most popular games, along with their RTP percentages, include: 

  • Eye of Atum | Provider: Play’n Go | RTP: 96.20%
  • Misery Mining | Provider: Nolimit City | RTP: 96.85%
  • Pacific Gold | Provider: ELK Studios | RTP: 95.00%
  • Mount Magmas | Provider: Push Gaming | RTP: 96.50% 
  • Hot Hot Fruit | Provider: Habanero | RTP: 96.84%

Bonuses and Promotions 

There are always new and exciting bonuses and promotions available at Coolbet Casino.  

Here are some examples of the promos that players can take advantage of:

  • Welcome bonus - get bonus cash and free spins when you register for a new account 
  • Weekly prize pools - win big by taking advantage of huge weekly jackpots

Coolbet Casino Unique Features 

Coolbet Casino offers many unique features and benefits. Our favourite features include: 

  • RTP Thumbnails

Coolbet Casino lists the average return to player on the thumbnail of each game. This is very convenient and makes it easier to choose games with the best odds!  

Users can even filter casino games by RTP. For example, filter by: 

  • High RTP (over 96.50%) 
  • Medium RTP (95.00% - 96.50%) 
  • Low RTP (below 95.00%) 

With the help of this feature, you can find your favourite games with the highest payouts! 

  • RTP Calculator 

This tool allows players to enter a bet amount and starting balance to determine how long they’ll be able to play, given certain RTP percentages. It also compares these factors (and playing times) to other online casinos. 

Coolbet Poker 

At Coolbet Poker, players can access: 

  • Online poker 
  • Poker tournaments 
  • Cash games 

Canadian players can download Coolbet’s Poker Client onto their Apple device or play poker in browser mode.  

Want to play in a poker tournament? At Coolbet Poker, you can choose tournaments based on: 

  • Date and time 
  • Number of people registered for the tournament  
  • Type of tournament 
  • Buy in amount

Poker Bonuses and Promotions

Coolbet Poker also has a ton of promotions and bonuses. Some of the ongoing promos include: 

  • Welcome package - enjoy free spins, free tickets and free bonus cash as a new player.
  • Coolbet Passport - win access to Coolbet’s live poker tournaments by playing daily satellites. 
  • Twister Master - earn free poker tickets when you play Coolbet’s Twister poker games and make it to the top of the Twister Master leaderboard. 

Poker VIP 

Coolbet Poker also has a VIP Program.  

The Coolbet Poker Loyalty Program rewards users just for playing at Coolbet. This cashback program allows players to get money back every week.  

Your cashback percentage is determined by the rake you contribute during a given week. The more you contribute, the more cashback you’ll earn. 

For example: 

  • $15 - $29.99 weekly rake = 10% cash back 
  • $30 - $74.99 = 15% 
  • $75 - $149.99 = 20% 
  • $150 or more = 30% 

Coolbet Customer Support 

Want to contact Coolbet? Asking questions and getting help is easy. 

Here are the best ways to get in touch with Coolbet in Canada: 

  • Live chat - average response time is 15 seconds 
  • Email - average response time is 2 hours 

You can also browse Coolbet’s FAQ page for quick answers to common questions. 

Deposit Options in Canada 

Ready to start playing at Coolbet? Depositing funds is simple. 

Deposit options available for Canadians include: 

All deposits at Coolbet are free. The minimum deposit amount is $10. Deposits are completed instantly. Please note: depending on the deposit method you choose, your bank or credit card issuer may charge a fee (especially if you deposit USD or another international currency). 

Withdrawal Options 

Time to take your winnings and run? Here are the withdrawal methods offered at Coolbet: 

  • Visa and Mastercard 
  • Interac
  • MuchBetter
  • Bank Transfer 
  • Visa
  • Mastercard

Coolbet does not charge a fee for withdrawals. However, your bank or credit card may charge a fee. So, be sure to check before choosing which withdrawal method is best for you. 

The minimum withdrawal amount is $20. The average withdrawal time at Coolbet is around 3 hours, depending on the payout method used.  

Info

  • Information
  • Products Sports Betting, Online Casino, Poker
  • License AGCO Licence
  • Founded 2016
  • Customer Service
  • Chat Yes
  • Email customersupport@coolbet.com
  • Phone N/A
  • Opening Hours
    7 Days a Week, 24/7

Our Score

  • Sign up Offers
    8 / 10
  • Customer Service
    8 / 10
  • Payment Methods
    9 / 10
  • Licensing & Safety
    10 / 10
  • Design & Usability
    8 / 10

Get Started

1 How to Join Coolbet

Joining Coolbet is simple. Just follow these steps: 

  1. Head over to Coolbet.com 
  2. In the top righthand corner, select Register 
  3. Fill out all the necessary information, including your email, a strong password, your mobile number, etc. Then, hit Register. 

Now you’re ready to make a deposit and start playing! 

2 How to Deposit Money

To deposit money into your Coolbet account, follow these simple steps: 

  1. Login to your Coolbet account 
  2. In the top righthand corner, select Deposit 
  3. Select your payment method 
  4. Enter the amount of money you wish to deposit 
  5. Review and submit the transaction 

It’s that easy! 

Keep in mind, before you can withdraw money from Coolbet, you’ll have to verify your account.  

3 How to Verify Your Coolbet Account

Once you register, you’ll receive details from Coolbet about how to verify your account.  

To complete this process, you’ll need to provide Coolbet with personal information that helps them confirm your identity. 

Verification requires submission of the following:  

Proof of identification

  • Passport 
  • Driver’s License 
  • National ID

Proof of address 

  • Credit card statement 
  • Bank statement 
  • Utility bill 

Proof of payment method

  • Copy of credit card 
  • Copy of bank statement 
  • Screenshot of e-wallet, etc. 
4 How to Withdraw Money from Coolbet

Withdrawing money from your Coolbet account is just as easy as depositing. Simply: 

  1. Login to your account 
  2. Choose Payout from the top righthand corner 
  3. Click withdrawal 
  4. Select your payment method (choose the same method that you used to deposit money) 
  5. Enter the amount you want to withdrawal 
  6. Review and submit 

That’s it! Now you can enjoy your winnings. 

FAQs

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