Coolbet Sportsbook Ontario Expert in Depth Review & Guide

By Ciaran McEneaney
Fact Checked by Joss Wood

Coolbet Sportsbook Ontario has been approved to offer services and is now a locally-licensed online sports betting site. In this review, we’ll take a look at what makes this award-winning betting site one of the most popular choices for Ontario sports betting.

Quick Glance at Coolbet Sportsbook Ontario

🥇 Best ForIntegrated App Experience
🏈 Available SportsFootball, Hockey, NBA, MMA, Soccer & more.
💳 Min. Deposit$10
📲 Coolbet App OntarioOn iOS & Android
Withdrawal TimeInstant to 3 Days
📆 Coolbet Sportsbook Ontario Launch DateApril 2022
Licensed ByAlcohol and Gaming Commission of Ontario
 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Top Coolbet Betting Site Features 

Below are some of the most notable features that make Coolbet Ontario sportsbook stand out from the Ontario sports betting market. 

Extensive Range of Markets

Coolbet Ontario offers a huge range of sports betting markets that cover everything from local sports like the Canadian Football League to popular international professional leagues like Major League Baseball.

 

 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Superb Mobile Website

Coolbet’s mobile website is, without a doubt, one of the best in the industry. The company has even won the Mobile Sports Product of the Year at the International Gaming Awards in London for three years in a row. That’s no easy task, and shows how popular the brand is.

24/7 Live Chat Support

Coolbet Sportsbook Ontario takes customer satisfaction seriously and has invested in 24/7 live chat customer support. The service is top-notch with professional customer service reps providing excellent and speedy service.

How to Sign Up for Coolbet Sportsbook Ontario

Creating an account at Coolbet Ontario is a straightforward process. All you need to do is follow these simple steps: 

  1. ✅: Visit the Coolbet Ontario website.
  2. ✅: Hit the Register button at the top right of the page.
  3. ✅: Enter your email address and a Canadian mobile number.
  4. ✅: Enter your name, date of birth, and address.
  5. ✅: Choose an alias (username).
  6. ✅: Choose whether or not to opt in to receive promotions.
  7. ✅: Click ‘Create Account’ and verify your mobile number.
  8. ✅: Make your first deposit.
  9. ✅: Start placing sports bets!

Once you have all the information required, signing up is painless and very quick. 

 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Coolbet Ontario Betting Options and Market Coverage

As an established betting platform, Coolbet sportsbook Ontario offers sports bettors a complete range of wagering options including:

  • Spread Bets

    A spread bet is when you place a wager that your team or athlete must win or lose by a certain amount of points known as the spread. For example, if the Toronto Maple Leafs are a -1.5 favourite to beat the Canucks and you place a wager for the Leafs to win. They must win by two goals or more for you to win your bet. 

  • Over/Under Totals

    Another simple wager that is exactly what it sounds like—you wager on the total amount of points scored in a game. The betting site will set a combined points total prior to the game and you simply wager whether the final total will be over or under that mark. 

  • Moneyline

    This is the simplest and most common wager in sports betting. With a moneyline bet, you wager on a team or athlete to win. There are no conditions on the wager and your winnings are determined by the odds you place your bet at. So a $200 for the Raptors to win at favourite odds of -200 would result in winnings of $100 plus the return of your stake. 

  • Parlays

    Parlay bets are when you combine the outcomes of two or more sporting events into one wager. So you might place a wager on the winner of an NFL game and an NHL game. Your wager will only pay out if you predict both outcomes correctly. You can even predict multiple outcomes in the same game such as the winning scorer and the final result. Until single-game sports betting was legalized this was the only option available in Canada sports betting. 

  • Futures

    A future bet is a long-term sports bet placed on the outcome of a league or tournament. For example, you could wager on the Toronto Raptors lifting the NBA Championship or the Maple Leafs winning the Stanley Cup. Futures bets are usually made at the start of a season when the odds are often higher. 

  • Prop Bets

    Prop bets are an exciting type of wager based on specific events or statistics during a game. This could be anything from the number of assists an NHL player has to how many times an MLB team will hit a home run. 

  • Alternate Lines

    These are alternative moneylines to the normal moneyline or spread. These aren’t always available at all events but when they are, they tend to be better odds. For example, if a point spread is -1.5, a bettor may be able to move that to -2.5 and get better odds. Of course, this all depends on each individual event. 

 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Sports Markets Offered by Coolbet Ontario

Markets are the sports or events in which you can place a bet and to say that Coolbet offers an extensive range of betting markets would be a huge understatement. Here is the list of markets currently available to Ontario sports bettors.

🏈 Football🏀 Basketball
⚾️ Baseball🏒 Hockey
⚽️ Soccer🎾 Tennis
🏉 Australian Rules Football🥊 Boxing/MMA
🏏 Cricket🚴‍♂️ Cycling
🎯 Darts⛳️ Golf
🤾‍♂️ Handball🏎 Motor Sports
🏉 Rugby🎱 Pool/Snooker
🏓 Table Tennis🏐 Volleyball
🎮 eSports

As you can see, the majority of popular sports are covered. Less popular sports get coverage but generally have fewer betting options especially for prop bets.

Coolbet Ontario Sportsbook App

There is no downloadable Coolbet Ontario App. Instead, the company has made the decision to focus on the effectiveness of the website on both desktop and mobile devices. This means that no matter what device you are using, all Ontario sports bettors need to do is head for the Coolbet website, log in, and start online betting. 

During our tests, we encountered no issues at all when using a mobile device nor were there any loss of features or sports betting markets when compared to the desktop experience.

If betting with a mobile app is important to you, you may find a competitive online betting experiences with other Ontario mobile betting apps. Some major betting site like PointsBet Ontario or Unibet Ontario offer world class mobile betting apps.

Banking Options for Coolbet Ontario Users

As you would expect, with Coolbet’s prior experience in Canada, deposit methods for Ontario bettors are quite comprehensive. These include: 

  • 💰: Visa
  • 💰: MasterCard
  • 💰: Trustly
  • 💰: Skrill
  • 💰: Neteller
  • 💰: PaySafeCard

All deposits are instant and have a minimum deposit of $10. Withdrawal options are the same with the exception of PaySafeCard which is deposit only. Customers can also choose to withdraw via bank transfer. The minimum withdrawal amount is set at $20. Both Neteller and Skrill are instant withdrawals while the rest take 1-3 banking days. 

  • VISA
  • MasterCard
 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Safety & Security Protocols of Coolbet

Coolbet Ontario takes customer safety and privacy very seriously and uses the latest SSL encryption to ensure that all data transferred to and from the betting site is safe and secure. This type of encryption makes sure that only the people that are supposed to see your information can see it.  

Coolbet Ontario also had to go through a strict vetting process prior to receiving approval to launch from the Alcohol and Gaming Commission of Ontario (AGCO). This means that the wagering platform that meets the AGCO’s extremely high standards and is a genuinely safe and secure website. 

Contact Coolbet Sports Ontario

Coolbet leads the competition with incredible 24/7 customer support through its live chat feature. The response times are extremely fast and the staff polite and professional. As an added bonus, there is an extensive FAQ section that covers just about anything and everything relating to online betting at Coolbet Ontario. 

Coolbet and Responsible Gambling for Ontarians

Coolbet Ontario has a responsible gaming section on its website that offers guidance for new Ontario bettors and those who may worry that they might be at risk of problem gambling if they bet online. The section features in-depth advice and tools to help customers self-regulate their gambling activity or assess themselves. In this section a user will also find gambling statistics for their activity on the website. 

All in all, Coolbet does a great job of providing the right help and information for customers to play responsibly.

 
Top Software Providers, No Withdrawal Limit, Various Banking Options
Combined Shape Copy Must be 19+ to participate. T&Cs Apply. Play Responsibly

Pros & Cons of Coolbet Sportsbook Ontario

✔️ Extensive range of markets❌ No live streaming
✔️ Excellent mobile website experience❌ VIP program only available by invitation
✔️ Instant withdrawal options available

Our Final Verdict of Coolbet Ontario 

Coolbet Ontario is up against some very tough competition in the Ontario market, but even so, it’s one of the sports betting options available. 

Excellent customer service through 24/7 live chat along with an extensive range of sports betting markets makes this a solid option for Ontario sports betting. But the fact that Coolbet’s award-winning mobile website is second to none truly elevates it above other operators. In other words, if you’re a sports fan in Ontario, this is one of the Ontario sportsbooks you have to check out.

Still, it's lack of a dedicated mobile Coolbet sportsbook ontario app may have Canadian bettors looking to other sportsbooks, such as Caesars Sportsbook Ontario or BetMGM Ontario.

Nonetheless, Coolbet Ontario is certainly a worthy betting site and an exciting addition to the Canadian sports betting market.

FAQs About Coolbet Sportsbook Ontario

Yes, Coolbet is approved to offer sports betting in Ontario by the Alcohol and Gaming Commission of Ontario (AGCO). 

Canadian bettors who are located in the Canadian province of Ontario and aged 19 years or older can register at Coolbet Ontario. 

There is an extensive FAQ section on the Coolbet website that offers detailed information on all aspects of the betting website. 

Any promotions offered by Coolbet will only be available through the Coolbet website as per AGCO regulations. 

No, there is no mobile app. However, the CoolBet website has been optimized for use on all mobile devices. It is one of the best mobile sportsbooks where you can start betting for real money.

Contributors

Ciaran McEneaney

Ciaran has written for both the sports betting and iGaming industries for over a decade. He is a true sports fanatic, and he covers a wide range of sports and online casinos in Ontario for OntarioBets.com, but his first love will always be soccer.