Coolbet Review: Bonus Codes, Registration and Mobile Apps

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Coolbet Review

Coolbet is a new online sportsbook registered at Maltan but has grown rapidly. It has seized several awards for the quality of services since its establishment in 2019. It has an appealing user-friendly interface which is contributing well to strengthening its popularity among the bettors. Coolbet promotes everyone and anyone can place winning bets abiding by the gambling rules of their country of residence and work. Read more to find out what the online sportsbook is doing and expanding its user count with every passing day.


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Coolbet Pros and Cons

  • No commissions;
  • Quick customer service;
  • Minimum deposits required;
  • No mobile apps;

Where is Coolbet Legal and Safe

Coolbet is a licensed and registered trademark that enables its customers to place sports bets and generate winnings. It has been registered with Malta Gaming Authority, hence, making it a safe sportsbook betting site. It has obtained its gaming licenses in Estonia, Sweden, and Malta.

Some of the countries it is authorized for sports betting are Canada, Chile, Ecuador, Estonia, Finland, Iceland, Norway, Peru, and Sweden.


Coolbet Bonuses

Some of the attractive bonuses offered by Coolbet have been mentioned below.


Coolbet Welcome Bonus

The sports betting welcome bonus from Coolbet offers to double the 1st deposit made by its new users. The online sportsbook has created a win-win situation with this amazing bonus. On one hand, the minimum deposit amount is CAD 10 and on the other hand, the maximum bonus limit is CAD 200.

The bonus can be exclusively availed by the players registered in Canada if they use the bonus code CAD200 at the time of registration.

Coolbet has offered a compelling welcome bonus of up to CAD 200 with a minimum deposit of CAD 10.
Coolbet Welcome bonus up to CAD 200


Coolbet Promo codes

At the moment, Coolbet is not promoting any promo codes for sports betting on its official website.


Coolbet Promotions

In lieu of keeping its users motivated with online sportsbook betting, it is offering a handful of bonuses for its players.

Betbuilder special

Under this promotion, every user can enter this campaign and buy a raffle ticket for any sport of their choice. The minimum total odds required are 4.00 and every ticket has a minimum value of €10. Each ticket makes the player eligible for a weekly €500 prize pool;

With the BetBuilder campaign of Coolbet, players get a chance to increase their winnings every week.
Betbuilder promotion by Coolbet

Live free bet

Exclusively for the F1 fans, Coolbet is offering live free bets of €10. All a player has to do is participate in the quiz and answer a set of questions correctly. It’s that simple and effective;

Answer a few questions regarding F1 racing and take away a live free bet of €10.
Coolbet offering Live free bet promotion

Refer a friend

Keeping the existing users active on the platform, Coolbet rewards them with a referral bonus. For every user who signs up using only the referral link of an existing user, the referring account holder will be awarded a cash prize of up to €50. The bonus will be credited within 72 hours after the referred account has received its 1st deposit;

For every referral, the existing user is eligible for a cash prize of up to €50.
refer a friend bonus by Coolbet


Coolbet Loyalty Program

Coolbet is not promoting a loyalty program among its players as of now.


Types of Bonuses

Bookmaker Welcome Bonus Exclusive Bonus Freebet Loyalty Program Cashback
No No No No No
30 USD No Up to 30 USD No No
100 EUR No No No No
1000 USD No No No Yes
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Coolbet Sportsbook features

Some of the promising features of the online sportsbook are:


Self-assessment test

Coolbet has created a set of 9 questions to help its player assess their betting habits. The responses are not recorded either since the idea is to keep the player away from the trap of gambling addiction;


Responsible gaming

Coolbet heavily promotes responsible gaming among all its users. It advises its players to consider betting for entertainment and be attentive towards the probability of winnings rather than turning it into a source of income;


Setting limits

Being a responsible sportsbook, Coolbet also allows its users to set betting limits and reminders. This feature can be accessed only via logged-in accounts and hence applies separately to individual users;


Bookmakers Comparison

Bookmaker MetaScore Bonus Margin Cash Out Live Streaming
89 200 USD 5 - 7% Yes Yes
88 100 USD 2 - 2,5% Yes Yes
80 50% 7 - 10% Yes No
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Coolbet Odds, Lines & Betting Markets


Coolbet Odds

Odds are the deciding factors of several bonuses and bets in sports betting. The same applies to Coolbet as a sportsbook. While the odds vary for every sport or associated match, they are fixed only after a player has placed a bet for a particular match or event.

For the ease of its players, odds at Coolbet are displayed in decimal and American formats as well.


Coolbet lines

A range of lines has been provided by the online sportsbook for different sports available. They include money lines, run lines, and also handicap lines. Each of these has its own winning rules as well.


Coolbet betting markets

This sports betting site offers a long list of markets as well. Here’s a quick list for reference:

Regular markets across all sports:

  • Handicap (2 Way);
  • Handicap (3 Way);
  • Total Goals Over/Under;
  • Odd/Even Total Goals;
  • Home Team Goals Over/Under;
  • Away Team Goals Over/Under;
  • Team Shots on Goal Markets;
  • Shots on Goal Over/Under;
  • Home Team Shots on Goal Over/Under;
  • Away Team Shots on Goal Over/Under;

Overtime markets across different sports:

  • Handicap (2 Way);
  • Total Goals Over/Under;
  • Odd/Even Total Goals;
  • Home Team Goals Over/Under;
  • Away Team Goals Over/Under;


Sports Betting Options

With Coolbet, a registered user can opt to place a bet on any of the following sports:

  • Football;
  • Ice hockey;
  • Basketball;
  • American Football;
  • Table Tennis;
  • Baseball;
  • Boxing;
  • Tennis;
  • Cricket;

Players can place on the probable winning team of any match in these sports with pre-match as well as live match betting.


What Kind of Bets Can I Place

As a registered player with Coolbet, the following bets can be utilized across different sports and matches.

Single bet

Under this, a user can predict the winner of exactly one event or match. These are applicable to all sports matches with Coolbet;

System bet

In this, a player can place combination bets. These combinations may or may not include single bets and are up to the choice of the player. If any one of the bets placed under this is won, the system bet is declared as won;

Combo bet

With this type, a player can put 2 or more selections under a single bet. This is also referred to as an accumulator. For 1 combo set, a maximum of 15 selections are permitted. A player is eligible for winning a combo bet only if all the selections are won;


Coolbet Sportsbook Live-betting & Live-streaming


Live betting

The option to place a bet on an ongoing match is among the most desirable features for bettors. Fortunately, Coolbet provides live betting for sports through a dedicated tab.

The process for live betting is similar to a regular bet with the live scores predicting a clear picture on whom or which team to bet on.

Players will have to wait a little longer for Coolbet to start with regular live streaming of sports events on the platform.


Coolbet Sportsbook Sign-Up Process

Sign up with Coolbet is a quick and simple process that takes only 2 steps. 

  1. Click on the register button on the website and you’ll be redirected to the signup page.
  2. Fill in the details of the form and click on register.

And it is done!

Additionally, a player can also sign up using his/her Facebook or Google account.


Coolbet Banking Options


Deposit methods with Coolbet

Deposit Method Processing fee Minimum deposit required Processing time
Credit card NA $10 or €10 Immediately
Trustly NA $10 or €10 Immediately
Skrill NA $10 or €10 Immediately
Neteller NA $10 or €10 Immediately
Paysafe card NA $10 or €10 Immediately


Withdrawal methods with Coolbet

Withdrawal Method Processing fee Minimum withdrawal required Processing time
Credit card NA $20 or €20 1-3 working days
Trustly NA $20 or €20 1 working day
Skrill NA $20 or €20 Immediately
Neteller NA $20 or €20 Immediately
Paysafe card NA $20 or €20 1 working day

Official Info

  • Website:
  • Established: 2019;
  • License: MGA/B2C/681/2019 by Malta Gaming Authority;
  • Address: Regent House, Office 21, Bisazza Street, Sliema SLM1640, Malta;
  • Headquarters: Tallinn, Estonia;


Coolbet Customer Support

The customer support at Coolbet is easily accessible with:

Email: [email protected]

Live chat: It is enabled on the official website and typically responds within 15 seconds to assist the players.

However, there is no telephonic support provided yet.



Coolbet is a new sportsbook player in the industry which has been growing ever since it was launched. It offers all the several necessary features that can be required by any bettor. This experience can be further enhanced with the addition of mobile apps for the players. Yet again, it is a great choice to get started with online sports betting with an easy-to-use interface.



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Also ask
Is Coolbet sportsbook legal and where?
Yes, Coolbet is safe and legally licensed in Estonia, Sweden, and Malta;
How to use a Coolbet freebet?
Coolbet offers bonuses in the form of free bets which can be wagered 6 times on minimum odds of 1.5;
How to make a deposit and cash out at Coolbet?
A variety of methods have been provided by Coolbet for its players to make deposits and cashouts on bets placed;
Does Coolbet sportsbook have a mobile app?
No, Coolbet does not have an official mobile app;
Does Coolbet offer live streaming of sports matches?
No, Coolbet does not offer live streaming of sports events;
Does Coolbet charge commissions on winnings?
No, Coolbet does not charge any commission from its users for any of its services;
Is it possible to disable an account temporarily?
Yes, a user can ask for temporary disabling of his/her account under Responsible gaming;
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