Coolbet Ontario Promo Code

Coolbet offers reduced juice betting lines, a wealth of prop betting options, excellent customer service and a unique user interface. Coolbet Canada operated in the grey market from 2019 onwards but has now relaunched as a licensed, regulated online sportsbook in Ontario.


Its mission is to provide sports fans in the province with “the most transparent sportsbook online”, so it publishes details of every wager it takes.

Our Ontario Coolbet Sportsbook review provides more details on this idiosyncratic betting site, and we will also explain the process required to claim a Coolbet bonus code.

📅 Coolbet Sportsbook Ontario Launch Date: April 4, 2022
💰 Coolbet Sportsbook Minimum Deposit: $10
🌐 Legal Coolbet Sportsbook Age Eligibility: 19
📱 Coolbet Sportsbook ON App: Coming Soon
🏢 Coolbet Sportsbook ON Retail Locations: None

Coolbet Ontario Promo Codes


You must visit the website and navigate to the promotions page to find the full details of the Coolbet bonus code. They cannot be widely advertised due to responsible gambling measures implemented by iGaming Ontario, the province’s new regulator. If you are impressed by the Ontario Coolbet promo code, you can click the green button to activate it, sign up for an account and complete the necessary steps to claim the bonus funds.

These are the main bonus offers that online sportsbooks provide:

🏆 Match Deposit Welcome Bonus

A match deposit bonus is the most common form of sign-up offer at online sports betting sites. You need to make a minimum deposit to qualify, and the sportsbook will match a percentage of your deposit amount with bonus funds. The bonus funds come with rollover requirements, which need to be completed before you withdraw.

For example, you may be offered a 100% deposit match offer when you sign up. It will have an upper limit. When you receive the bonus credits, you might need to play them through five times at odds of 1.50 (-200) or greater before requesting a withdrawal.

🎁 No Deposit Welcome Bonus

Some sportsbooks will occasionally give prospective customers bonus credit without requiring a qualifying deposit. This type of bonus is sometimes used by newcomers to the market in a bid to establish a larger customer base. It is an appealing offer, because you will not be required to risk any of your own money.

However, it is not as simple as receiving bonus money and quickly cashing out. You normally need to complete high playthrough requirements on any bonus credits before you make a withdrawal. In that time, the sportsbook hopes to convert you into a long-term customer.

📈 Odds Boost

Odds boosts are available as welcome bonuses at certain online sportsbooks. For example, if the Maple Leafs are 1.85 (-118) to win an NHL game, you may be able to bet on them at 101.00 (+10000). If that is the case, you will only be able to place a small wager at such high odds, and winnings will normally be paid out in site credits, with rollover requirements.

Some sites offer odds boosts each day too on the biggest sporting events. Those boosts are a lot less extravagant – for example, the price might be boosted from 2.40 (+140) to 2.75 (+175) – but the extra winnings will be paid in cash.


🎫 Site Credit

Site credit is up for grabs at many online sportsbooks. You may receive site credit if your first bet is unsuccessful, which offers a second opportunity to find a winning wager. A common offer is called a reload bonus, which earns you site credit each time you top up your sportsbook account balance. You may also find “bet and get” offers, which reward you with small amounts of site credit for placing wagers on certain games or sports within a set promotional period.

🔔 Contests and Leaderboards

Contests and leaderboard challenges are designed to keep customers returning to a sportsbook on a regular basis. Many of them are free to enter, but you may need to have placed a certain number of wagers to qualify. They often follow fun themes, such as trying to predict the highest scoring football teams each weekend. Prizes can include bonus credits, luxury items and glamorous vacations. The details will be explained in the terms and conditions, including how the prize draw works.

🏅 Referral Bonus

This offer rewards you for sending friends to your sportsbook. If your friend pastes in your unique referral code when registering and then makes a minimum deposit, you will both receive site credit. As always, the credit has wagering requirements to satisfy before withdrawing.


🎯 Parlay Bonuses

Some sportsbooks offer incentives to place parlays. A common offer is a profit boost. It is normally dependent on the number of legs you add. For instance, you might get 5% extra for a three-team parlay, 10% extra for a four-team parlay and so on. Some sites also give you site credit via a parlay insurance promotion if one leg fails and causes the bet to lose. To qualify for a parlay bonus, you must select a minimum number of legs, and there are also minimum odds obligations.


Coolbet Sportsbook Ontario: Pros and Cons

👍 Coolbet Sportsbook Advantages 👎 Coolbet Sportsbook Disadvantages
Regularly offers the best odds in Ontario Does not have a mobile app yet
Provides helpful stats and value-added features Slower than some rivals to release props
Pays out in around three hours Website is not optimized for smaller screens

Coolbet Ontario Sportsbook Review


Coolbet is a very compelling option for sports bettors in Ontario. It offers very impressive odds and a unique interface, which helps it stand out amid intense competition from some of the world’s largest operators. The company has been offering online sports betting and online casino games in the province since 2019, but it was previously a grey market operator – licensed only by the Malta Gaming Authority – while it is now an official, regulated online sportsbook in Ontario. You can also check our Ontario online casino bonus codes review.

Jan Svendson, the founder of other sites such as Nordicbet and Triobet, founded Coolbet in Estonia in 2016. His goal was to launch a distinctive online sportsbook that provided better odds and greater levels of transparency than its rivals. To that end, it has a “Bet Statistics” section, which shows you what other customers have wagered on. That provides inspiration and potentially highlights opportunities to fade the public.


GAN, a major white-label provider for some of the world’s leading online casinos, bought Coolbet for around C$204 million last year. The plan is to start offering clients fully managed sports betting services, so Coolbet gives it a strong opportunity to showcase its wares. The sportsbook runs on unique technology. Coolbet Sportsbook and Coolbet Casino now hold licenses from iGaming Ontario

Other Coolbet Ontario Features

Coolbet performed well in most of the seven key areas we assess when reviewing an online sports betting site. Read on to learn more about this sportsbook’s main strengths and weaknesses.

Competitive Sports Betting Odds 

Coolbet takes a lower house edge – known as juice, or vigorish – on its sides and totals than rival sportsbooks. That boosts your chances of earning a long-term profit if you sign up for an account. The brand uses in-house technology and it runs a lean operation, allowing it to provide superior odds to rival sites. If you want a sportsbook that provides above average odds and regularly offers market leading prices, Coolbet Ontario is a great option.


Sportsbook Features 

Unique features also help an online sportsbook stand out from the competition. As previously mentioned, Coolbet Sportsbook displays precise information about the bets it receives, allowing you to find the most popular markets on every game. That can help you make astute wagering decisions. You will also find an abundance of useful pre-game stats and in-play stats. Additional features include early cashout options and a same game parlay builder, so Coolbet Sportsbook is strong in this department.

Market Variety and Sports Offering 

You cannot fault Coolbet Ontario for the market variety it offers. For example, if you want to bet on basketball, you will be able to bet on action in Argentina, Australia, Austria, Brazil, Bulgaria, Chile, China, Finland, France, Germany, Iceland, Israel, Korea Republic, Lithuania, Philippines, Poland, Romania, Slovenia and Turkey alongside the NBA.

If you are a fan of English soccer, you can bet on the Premier League, Championship, League One, League Two, National League North and South, and the Professional Development League. It has more than 350 betting markets on soccer games. You should normally find hundreds of markets on hockey, football and basketball games too. It is worth noting that it normally publishes a relatively selection of markets first, before releasing many more props closer to the start time.


Deposit and Withdrawal Options

You will find secure Canadian banking options at Coolbet Sportsbook. Check out our “Deposits and Withdrawals at Coolbet Ontario” section below for more information.

Mobile App Design and Accessibility

This is one downside, as there is no Coolbet Ontario Sportsbook app. However, you can access a mobile version of the site from your browser on any iPhone or Android device in lieu of an Ontario Coolbet app.

Same Game Parlays 

You can add multiple selections to the Coolbet Sportsbook betslip to compile same game parlays. There is also a “Betbuilder” tool that helps you put them together. It allows you to roll several picks on an individual game into one parlay.

Rewards Programs and Loyalty Offers

There is not currently a Coolbet Canada rewards program. You can visit the promotions section of the Coolbet Ontario betting site to see details of any ongoing Coolbet Ontario bonus code offers for existing customers.


Responsible Gambling with the Coolbet Ontario 

Coolbet Ontario seems to have genuinely put responsible gambling at the heart of its business model. It displays responsible gambling sections, including a link to problem gambling charity Connex Ontario, prominently on its homepage, whereas other sportsbooks tuck that information away. The brand’s strapline is “Stay Cool and Bet Responsibly.” It offers the option to add deposit limits, time constraints and loss limits to your account, plus there are lots of helpful educational materials. It has an excellent record for responsible gambling.

Legal Sports Betting at Coolbet Ontario

Coolbet Canada spent several years as a grey market online sportsbook and online casino games provider. Players could sign up for CAD betting accounts and enjoy a secure experience, but it was never regulated by the provincial or federal government. That all changed when Ontario rolled out an official sports betting industry on April 4, 2022, after single game sports betting was legalized at a federal level. Coolbet Sportsbook was one of the first operators to obtain a license.


How to Redeem a Coolbet Ontario Bonus

You can redeem a Coolbet bonus code in Ontario by following these steps:

  • Visit the Coolbet Ontario betting site by following the link we have provided and click on “Promotions.”

  • If you like the sound of the Coolbet Ontario bonus code, click the green button to activate it and fire up the registration form.

  • Provide an email address and phone number, and select a password. The next step asks for your name, gender, date of birth and address. You must select an alias, agree to the terms of use and click “Create Account.”

  • Upload any identity documents requested to verify your account and then make a qualifying deposit to claim your Coolbet bonus code funds.

Download the Coolbet Sportsbook App in Ontario Now

The team has not yet released a Coolbet Sportsbook app. Ontario players can simply access the mobile site from a browser on any Android or iOS device.


Deposits and Withdrawals at Coolbet Ontario

Coolbet previously offered Visa, MasterCard, Trustly, PaySafeCard, Skrill or Neteller as banking options when it operated in the grey market. It has now changed that selection, so you can use Visa, MasterCard, Interac or MuchBetter for deposits and withdrawals at the site. Card deposits and MuchBetter deposits are instant, but Interac can take around half an hour.

Deposits start at $10 and the minimum withdrawal is $20. You will get your funds instantly via MuchBetter, while Interac, Visa and MasterCard withdrawals take one to three banking days. 

Terms and Conditions for Coolbet Ontario Promo Codes

You will see the Coolbet bonus code terms and conditions when you visit the site’s promotions page. The most important factors are the playthrough requirement, the minimum odds you need to hit and the length of time you have before the funds expire. Any sign-up bonus will be for new customers only.


Coolbet Partnerships in Ontario

Coolbet Sportsbook has tied up a deal to sponsor rugby team Toronto Arrows, who play in Major League Rugby. Kris Abbot, Head of North America at Coolbet, described the Arrows as “a perfect fit” due to “the passion and professionalism involved in this organization.”

Physical Coolbet Betting Locations in Ontario 

Coolbet Ontario does not have any physical betting locations in Ontario right now, but we will update you if that ever changes.


Coolbet Ontario Promo Code FAQs

❓ Is Coolbet Sportsbook legit in Ontario?

The Coolbet Ontario betting site is fully licensed and regulated, so it is considered to be a legitimate operator. Coolbet Canada previously operated in the grey market, but it gained approval to relaunch in Ontario’s regulated market in April 2022. Our Ontario Coolbet Sportsbook review has more details about the licensing of this online gambling site.

❔ Can I use a Coolbet sportsbook promo code in Ontario?

You will need to visit the website and head to the promotions page to see the full Coolbet bonus code details. If you like the sound of the Ontario Coolbet promo code, you can click on the bright green button to use it. You will then be directed to fill in the registration form, and you can make an initial deposit to claim your Coolbet Ontario bonus code funds.

❓ When will Coolbet launch in Ontario?

Coolbet Canada was one of the first online sportsbooks to launch in Ontario’s newly regulated market on April 4, 2022. There is no Coolbet Ontario app right now, so you will need to visit the sports betting website to sign up for an account. Our Coolbet Canada review and Coolbet bonus code guide has all the details about the launch.

❔ Why choose Coolbet sportsbook in Ontario?

Coolbet Sportsbook currently has some of the most attractive odds in Ontario. You will find slightly reduced juice on its basketball and football betting lines, and the Coolbet Canada moneylines and prop betting odds are also often market leading. Check out our review and Coolbet bonus code FAQ guide to learn more details about this unique online sports betting operator.

❓ Where can I use the Coolbet sportsbook in Ontario?

You can use the Coolbet Ontario online sportsbook from anywhere within the province’s borders. The team has not developed a Coolbet Ontario Sportsbook app yet, so you must visit the Coolbet Canada website to place your bets. It also has a casino section featuring a wealth of high-quality online casino games, including high RTP slots, table games and live dealer tables.

❔ How do I redeem a Coolbet sportsbook Ontario promo code?

You can visit the website and click on the “Promotions” tab to the right of the main toolbar menu to check out the Ontario promo code Coolbet offers. If you like the Coolbet bonus code, click on the green button to claim it. This will bring up the registration form, and after you have filled it in you can make a deposit to claim your Coolbet bonus Ontario funds.

❓ Does Coolbet Ontario have a rewards program?

There is not currently a Coolbet Ontario rewards program or VIP scheme. In the past, Coolbet Canada has preferred to offer frequent promotions instead. You can head to the website to check our Coolbet bonus code details for Ontario now that it has relaunched as a licensed operator in the province.

❔ Where can I see Coolbet Sports Ontario promo codes?

You will need to visit the sports betting website for details of the Coolbet bonus code offers, as they cannot be widely advertised elsewhere. Head to the promotions page to find the full details of Ontario promo code Coolbet offers, and then click to activate a Coolbet bonus Ontario if it appeals to you. Our Coolbet bonus code guide has more details on this process.

❓ What is the minimum age to wager at Coolbet?

The legal gambling age for Coolbet Ontario is 19, so you will need to provide proof of age when signing up for an account. You will then be able to bet on hockey, basketball, football, baseball, curling lacrosse and lots of niche sports via the Coolbet Canada website. There is not a Coolbet mobile app yet, but we will update our readers if the team releases one.

❔ What are the banking options for Coolbet Ontario?

You will be able to use Visa, MasterCard, Interac and MuchBetter to make a deposit at Coolbet Canada in Ontario. All of those methods are available for withdrawals apart from PaySafeCard. If you use that deposit method, you should be able to withdraw via an online bank transfer.