Coolbet Review & Referral Code – March 2023

Check out our Coolbet review to learn more about this quality bookmaker. Coolbet is an award-winning sportsbook. Launched in 2016, the company is currently focused on the Canadian market.

Coolbet is a popular online gambling destination for many players. This sportsbook website, which also happens to be an online casino, provides competitive sports odds and a lot of online entertainment like poker, video slots and live casino games.

✨ Coolbet Pros & Cons

Have a look at the advantages and disadvantages below.

✔️ Pros

✔️ It is easy to navigate through the website

✔️ Reputable game providers

✔️ A very fast response was provided by the live chat agent

✔️ Sport events include NBA and NHL

✔️ Online casino option with poker and blackjack games

❌ Cons

❌ There is no live stream available at the moment

❌ There is no referral code

🙋 How to Sign Up for a Coolbet Account

As a top sportsbook, the site makes it simple for you to sign up. To start gambling, just follow these four steps:

Go to the Coolbet Website

Signing up for Coolbet online sports betting begins by visiting its website, either from your desktop or mobile browser. Look for the “register” button in the top right corner/bottom of the front page.

Before You Sign up

To access the online sportsbook, you must be at least 19 years old and physically located in Ontario. You need to follow the steps below in order to finalize your sports betting account.

Fill in Your Information

Next, you will need to enter your personal information. The registration form also requires your email address and mobile phone number. The operator will send you a confirmation SMS with a link to activate your account.

The Final Step

As an online betting customer, you also have the option to choose whether or not you want to receive marketing campaigns.

This is why we recommend in our Coolbet review to check this section so that you will always be aware of the things going on at this top betting site.

coolbet registration

🙋 Coolbet Code

The recent laws imposed by the AGCO brought some interesting additions to the province, including referral codes. These are a great way to begin your betting since they can be used by new players who need help getting started.

However, not having a code doesn’t mean you can’t enjoy all this. When you sign up at Coolbet, you can automatically access all of its services and features without having to introduce a code. Keep reading this Coolbet review and learn how codes are usually claimed and used.

What Is the Coolbet Code

As previously stated, there isn’t a code available. There’s no need to keep track of codes or search online for one. Simply register, and you’ll be eligible for everything the provider has to offer. This is highly convenient, especially when you consider the fact you’ll be joining a top bookmaker.

However, there are a few restrictions you should be aware of when you join. You should always ensure your deposit is over the minimum amount and bets placed are over the minimum odds. Also, be advised that special wagers can’t be converted into cash, some bets can’t be claimed with certain payment methods, and there may be a time limit players must follow.

One thing is certain, you’ll likely be provided with several enhanced betting opportunities depending upon whether you are a new participant or a regular on the site.

Who Can Claim or Use the Code

There isn’t a code necessary to join Coolbet. Anyone interested in signing up to the site can simply create a new account. Remember that you have to be at least 19 years old when registering, and you also need to be a resident of, or physically located in, Ontario, which are important requirements.

Where Do They Need to Put the Code

You don’t need a referral code in order to register. But when a referral code from Coolbet is available during the year, you will probably be able to enter it during registration. Due to the site’s ease of use, you will be able to navigate around it relatively easily.

🔑 Coolbet Key Features

When writing our Coolbet review, we found that the site excels when it comes to its features for users. Let’s take a look at a few of the features that make this sportsbook great:


A distinguishing feature of the site is that they have been the first to show the total turnover and the bet count for certain matches. It is claimed that this brand is the first online sportsbook in the world that is completely transparent.

In addition, the company’s transparency means that the users also know exactly who is involved in the company’s management. For this reason, the contact details of the management team and the owner are made readily available.

Competitive Odds

The sportsbook supplies excellent match odds for users who are interested in sports betting online. If you compare Coolbet to other sports betting sites’ odds, you will find that they’re very competitive. You can also set odds to be displayed in either a decimal or American format.

Live Betting

There are many reasons why bettors are attracted to the possibility of placing a bet on a, for example, NBA or NHL match that is currently ongoing. The platform allows its players to bet live on a sports match through a dedicated tab on its website.

Live betting works similarly to a regular bet with almost the same options to bet on. Unfortunately, although the range of live bets is often extensive, Coolbet doesn’t currently provide live streaming of sports events on the site. We would expect this change in the future, though, if the operator hopes to compete with other sportsbooks available in Ontario.

Sports Markets

Coolbet sportsbook is one of the best sportsbook options available to the Canadian market. To place a wager with real money, bettors can choose from extensive options of sports and events.

Along with the classic single-game betting, the site allows bets to be placed on parlay or ‘combo’ events on multiple events, along with prop bets for the vast majority of the sporting events they cover. You can also enjoy a large variety of bet markets that includes: over/under, points spreads, double chance, outrights and live betting.

There is no doubt that the site pays attention to the bettors’ needs in Canada. You can find all Canadian major leagues like the Canadian Football League (CFL), the Canadian Elite Basketball League (LECB), and many more. There is also a large emphasis on NHL hockey and other North American sports options like NBA and NFL, among others.

During our Coolbet review, we found that as well as the sports mentioned above, this sportsbook is also active in Europe markets. Overall, we found the betting options to be as good as, and sometimes even better, than other bookmakers in the Canadian betting market.

coolbet sports

Online Casino Section

When compiling our Coolbet review, we also looked at the online casino. The casino features a wide variety of games like poker, slots and table games.

Coolbet casino has partnered with some of the best game providers in the online casinos industry. These developers come up with casino games with exciting themes, high-quality graphics, and exciting mechanics.

There’s also a very robust game search engine that lets you filter by provider, RTP, game type, volatility, maximum multiplier and even features (e.g., Megaways). This way, you’ll always be ready to get into the action while you find all your favourite games.

At Coolbet, you’ll find a variety of reputable game providers, including:

  • Play’n Go
  • Pragmatic Play
  • ELK Studios
  • Push Gaming
  • Nolimit City

📱 Coolbet App

When writing this Coolbet review, the sportsbook does not have a standalone app, but its website has been optimized for mobile devices. Previously, we mentioned transparency. This is what we mean when we say Coolbet is probably the only sportsbook we’ve seen displaying “turnover” on its mobile interface. Also, there is the added benefit of accessing online casinos through the mobile site.

Whether you’re using an Android, iOS or Windows smartphone or desktop computer, the responsive site should automatically adapt to your device to give you the best experience.

It’s important to mention that Coolbet won the International Gaming Award for “Mobile Operator of the Year 2022”. This confirms the motivation of the operator to give only the best to his users.

coolbet app

✔️ Coolbet Licence And Security

As part of the operator’s approval to operate legally in Ontario, the new platform is tailored to the new rules and regulations set forth by iGaming Ontario. The company operated in Ontario previously and will continue to operate in Canada as it is regulated by the Alcohol and Gaming Commission of Ontario (AGCO).

To gain access to the sportsbook, players must be at least 19 years of age and provide a government-issued identification card. Although technically anyone old enough can join Coolbet, you have to be physically located in Ontario to make sports and casino bets, as per AGCO rules.

The security and safety of users are one of the company’s greatest priorities when we checked them during our Coolbet review. Your data is encrypted using 128-bit encryption on the website to protect it.

💳 Coolbet Deposit And Withdrawals

With the banking options at this bookmaker, you can easily make deposits and withdrawals with your money. It is possible to make deposits using payment options like Visa and MasterCard.

You can make an instant payment with debit cards and e-wallets. Withdrawal processing times vary according to the banking methods you choose to make the withdrawal.

For example, debit/credit cards and bank transfers can take up to three days to process, while e-wallets are instant. Important note: you should verify your account before requesting a withdrawal or deposit.

You will also only be able to withdraw using the deposit method you used. However, the bookmaker will provide you with an alternative if your chosen deposit method does not support withdrawals.

Each deposit banking method is processed instantly and requires a minimum deposit of CA$10. For all withdrawal banking methods, CA$20 is the minimum withdrawal amount. The withdrawal time is between an instant and three days.

Finally, it’s worth noting that although Coolbet doesn’t charge any transaction fees, your service provider might, so it’s always best to check with them to avoid any hidden charges.

Deposit Overview

Have a look at the methods you can use to deposit at the site:

Deposit methodsFeeProcess TimeMinimum Deposit
much better

Withdrawal Overview

Looking to withdraw? Here are all the methods available:

Withdrawal methodsFeeProcess TimeMinimum Withdrawal
Free1-3 bank daysCA$20
Free1-3 bank daysCA$20
Free1-3 bank daysCA$20
much better

⭐ Coolbet Customer Service

The customer service team at Coolbet sportsbook is available in several ways, which is an improvement over many other sportsbooks we have reviewed. Live chat, phone and email support options are available.

You can access live chat by clicking on ‘message’ and ‘live chat’ on the main page. In our experience during our Coolbet review, the live chat was very fast, which was very pleasant. A response time of two hours is the average for emails. Also, you can directly message them via Twitter.

Customer service contact options:

  • Live chat available by clicking on the blue message logo on their website
  • Email support:
  • Twitter: @coolbetcanada
  • Phone: +3726751562

💡 Coolbet Review Conclusion

Since it was launched, Coolbet has been a decent gambling option for Canadian players. It provides players the big sports leagues including CFL, LECB, CBL, NHL, NFL, NBA, Champions League and many more.

The site provides all the necessary features that any bettor might require. However, by adding a standalone mobile app, this experience could be further enhanced.

When doing our Coolbet review, we loved the site because of its innovation, and the surprisingly competitive odds. There is no denying that the polar bear branding logo is great for Canadian players, and the site’s ease of use with the high-quality graphics provides a great experience for gamblers to explore the sportsbook’s features further.

You can also enjoy an online casino with excellent and varied casino games like poker, blackjack, slots, and many more options. Our Coolbet review confirms that the site incorporates a clean, professional appearance with almost no big, distracting banners getting in the way of pure betting odds and stats, so players should love it.

This online sports betting website is also good for new players, due to its accessibility. The combination of excellent security, fast payouts, great user-friendliness, and a unique player experience make Coolbet one the most innovative and interesting sportsbooks for Canadian players.


You will find below the most frequently asked questions that gamblers ask.

Coolbet was one of the first online bookmakers to become a part of the iGaming market in Canada. In the province of Ontario, this means it is regulated by the AGCO.

It is worth noting that at the time of writing this Coolbet review, the site does not accept cryptocurrencies.

Coolbet sportsbook does not provide a dedicated mobile app. On the other hand, the website is fully optimized to work on a mobile device. It is possible to enjoy all of the features the web-based site provides and, of course, be able to place your bets on it.

Getting signed up at this sportsbook is as simple as 1-2-3. Upon reaching the website, click on ‘Register’, and you can set up an account. The process begins with sharing your personal data, signing up, and then you can begin betting on sports at the sportsbook by making your first deposit.

To withdraw from the platform, you must first log in to your account. Then, you need to click Payout. Select one of the withdrawal methods and enter the amount you wish to withdraw (notice that there is a CA$20 minimum withdrawal). When ready, click on ‘Submit’ to confirm the withdrawal.

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