Coolbet Ontario Sportsbook Review 2022

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From April 4th, several operators in Ontario upgraded to the iGaming market due to the new regulations. So we looked at these different platforms and put together reviews to determine how well they perform for you.

Our Coolbet Ontario online casino and sportsbook review will focus on what makes Coolbet an excellent choice for new and experienced bettors. We'll also detail how you can make the most out of these licensing changes and how they compare to the rules of fully legalized online gambling in US states. Keep scrolling through the review to see how Coolbet ranks amongst the best sportsbooks in Ontario and the best online casinos in Ontario.

Coolbet Ontario: Pros & Cons
  • Simple website layout
  • Quick payout options
  • Efficient deposit methods
  • Award-winning mobile app
  • Live sports streaming is unavailable

From April 4th, the online gambling regulations were updated in Ontario. The launch of the new iGaming market changed how Coolbet runs certain features. Our Coolbet review found that if you're an existing customer, your profile may have some changes so you'll need to verify your details under these new rules. We also discovered that the poker betting option is no longer available for Ontario customers to comply with the new regulations. You still have the opportunity to use the Coolbet casino or sportsbook. So diversifying where you place your bets is a great option for players with different experience levels.

Company
Sport
Company-
Headquarter
Year of Founding-
CEO-
Websitewww.coolbet.com
Available Languages-
Customer Support
Email-
Phone-
Licence
Canada (Ontario)
Verified by-
Payment Methods
Show More
Betting Markets0
Live StreamsNo
Odd Level-
Sports
Betting Tax-
Sports0
Cash OutNot Available

Usability, look & feel - simple design for all customers

Whether you decide to use the Coolbet casino or you want to try your bets on the sportsbook, you will have a streamlined experience when using this operator. The website has an easy to navigate layout, making it simple to locate certain features on the platform. Coolbet uses a dark gray background color, which isn't distracting from the site. It's great if you want to place your bets at any time, especially at night, as it won't be too bright to put you off placing wagers.

You can switch between the different betting categories at the top of the desktop page. For the sportsbook, like other operators, the various sports are on the left-hand side of the page. The games you choose are in the middle, and your betting slip is on the right-hand side of the page. The casino design has the different games listed above the center of the screen to make finding the games quicker, including the search bar to narrow down your search.

How to open a coolbet account - quick steps for new customers

If you want to know how to register with one of the best Ontario online gambling sites, then look at our detailed step-by-step guide to opening a sportsbook or online casino account with Coolbet.

You'll need to give your email address, password, phone number, and country of residence and confirm you meet the minimum age in Ontario of 19 to register. If you decide to open up a Coolbet Ontario online casino account, you'll be given the option to choose between that and the sportsbook.

You will also need to verify your details and confirm you can use this platform. This is usually done with a photo ID, so keep that in mind. You'll need one handy when setting up. You will give your name and date of birth, and your account should be ready to connect your payment option to it.

There is a great selection of deposit and withdrawal methods, so ensure you select the one you're most comfortable using to process your deposits and ideally use the same way to cash out. Once the payment method has been connected, you can instantly start placing wagers!

Coolbet mobile app - an award-winning platform

For Coolbet users in other locations than Ontario, they may be familiar with the free to download mobile app and its accomplishments. So if you've wondered if their mobile app or fully-optimized site is reliable, you'll be happy to know Coolbet offers an award-winning mobile platform. Their online site won the Mobile Sports Product of the Year award at the IGA (International Gaming Awards) in London three years in a row, 2019, 2020 and 2021.

As Ontario is adjusting to the new regulations, their access to mobile apps may not be as secure as operators here in the US. But we researched the Coolbet sports Ontario app is currently underway to be on par with their other downloadable apps on Apple and Android devices. However, even without this sportsbook app, the platform can be accessed on your mobile device with the same ease as a desktop device.

Payments - efficient payment options

When using the Coolbet Ontario sportsbook, you'll have a minimum deposit of $10 to start using your account. There are several ways you can fund your sportsbook, including Visa, Mastercard, Neteller, Skrill, Trustly and Paysafecard. These are some of the most reliable methods to put money into your account and are proven to be some of the fastest ways, too. If you decide you want to withdraw your funds, you can do so in a majority of the same deposit methods, except for the Paysafecard. You can also withdraw via bank transfer, but always check the terms and conditions to see how long each method would take.

In addition to the minimum deposit being $10 in your chosen base currency, you will also have a minimum withdrawal amount of $20. This is great for customers who are new to placing wagers and want to start with smaller budgets. We suggest looking through the different methods to discover what the maximum limits are, as they can change the more significant your cash-out amount will be.

Customer service - 24/7 support

In this CaptainGambling review, we know that having a responsive customer support team is a top priority for new and existing customers. We discovered Coolbet has a few ways you can contact their advisors, including the 24/7 live chat and email address options.

There was a Coolbet Ontario phone number. However, we found on the site that this has been removed indefinitely. But the other options are available 24/7, so if you're wondering how long you will receive a response, it won't be that long. The live chat option is known to reply to customers in 15 seconds. This is excellent if you like to bet at random hours of the day—so having a team member to reach out to no matter the time is a great tool, especially for new customers. In addition, if you don't mind waiting a bit longer, up to two hours, you'll receive an email response with excellent detailed guidance.

License & security - updated regulations

The Ontario online gambling market wanted to expand its regulations for new and existing betting customers like here in the US. From April 4th, operators had to secure authorization from the AGCO (Alcohol and Gaming Commission of Ontario) to be ready to offer more to their customers. The Coolbet Ontario sportsbook and online casino were among the first platforms to be newly regulated.

Canada (Ontario)

The site also has a range of security features to ensure members have a secure time when transferring funds or placing wagers wherever on the site. This includes encryption technology that keeps your details safe and not shared with a third party. You also won't have to worry about any hacking incidents as this advanced security makes sure your details match your profile before you start placing bets. The iGaming market is expanding, so more exciting security features are on the way for Coolbet to look out for.

Rewards & loyalty program - no VIP programs

When thinking about the standout Ontario online casinos, you may include operators with a VIP rewards program for their loyal customers. Unfortunately, our CaptainGambling review couldn't find any VIP program available. We think it's due to the site recently launching under the new iGaming rules, so it still has time to develop its platform to meet the needs of frequent customers who want to improve their performance with the incentive of VIP exclusives.

Other online operators that offer VIP programs usually have a tiered system, meaning the more points you collect, the higher your VIP level will be. It's an excellent way to keep customers on your site, and we don't doubt Coolbet may take this on to improve the member experience when it comes to using the sportsbook or online casino platform.

Coolbet Sports Betting

Betting markets

There are several sports and tournaments you can bet on with Coolbet, which is a great way to diversify your betting strategy. Whether you want a national league or have a favorite international team, you can follow most sports matches from your desktop or mobile device. There isn't a live streaming option, but you can still place in-play bets on these events.

These sports include basketball, baseball, tennis, football, soccer, hockey, MMA, eSports, cricket, boxing, darts, Formula 1, golf and horse racing. You have access to the sportsbook 24/7, so if you prefer to stay up to make live bets halfway across the world, you can do that.

Odds

We found the odds to be quite competitive in the market, which is excellent for sports fans. You can choose to use the decimal odds they provide by default, or you can choose a different odds type to suit your preference. Some of the odds are quite common, including the spread bet where you can wager on your favorite team or the underdog. The moneyline is also popular, which allows you to choose the match-winner. Depending on the odds for both the favorite team and the underdog will determine how much you want to bet. You can also do live betting, which is instant and can come up at different times of a match, so keep an eye out for that.

Limits

Our Coolbet sportsbook review couldn't find much information on the maximum wagering limits, but you have the opportunity to start with a small amount to fit your budget. And if you're more of a high roller, you can place more significant bets on your favorite sports. Higher stakes offer higher risks, but if you're comfortable with the technique, this could be a positive outcome.

Product summary

Overall, we think sports betting with Coolbet Ontario is a great choice for novice bettors and experienced sportsbook users. You have the opportunity to place bets pre-match or in-play, depending on your betting strategy. You also have access to a wide range of sports nationally and internationally, so keep that in mind when deciding the best time to place your wagers during the day. The limits are quite flexible, making it a great place for bettors of different skill levels.

Coolbet Ontario online casino FAQ

🌎Are online casinos legal in Ontario?

From April 4th, there has been an update in the regulations for Ontario customers who like online betting. We created some reviews, including our Dream Vegas Ontario online casino review, to find out if it's legit and accessible for Canadian residents. We also put together a Coolbet Ontario online casino review to discover how legit that site is. Check out our website to determine if you can use these sites legally in Ontario.

❓Which Ontario-based sportsbook should I choose?

Several online sportsbooks stand out from the competition in Ontario. Here in the US, you can choose between different options based on the state you live in. We put together different reviews, like our Casimba Ontario sportsbook review and our latest Coolbet Ontario sportsbook review, to help make your decision easier. So check out our website.

✨Is there a Coolbet sportsbook app?

We looked at the exciting features of the Coolbet platform and discovered it offers sports betting and casino gambling for customers. Similarly, we created an Unibet Ontario review to see how that compared with Coolbet in terms of betting on the go. We wanted to know if there was a Coolbet Ontario app, so we outlined the platform's ins and outs on our website.

Overall conclusion - Coolbet is an excellent option

Overall, we found that customers who decided to register a Coolbet Ontario online casino or sportsbook account had a great experience. This applies to new online gambling members in Ontario and to customers who are at a more advanced level. There is an excellent selection of sports and casino games to practice your betting skills on. You also only need to deposit a minimum of $10 in your chosen currency to have full access to the platform.

Coolbet is known to be an award-winning platform, which could make it the best sportsbook in Ontario based on achievements. But to discover what else it has on offer, check out our review.

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