Coolbet Sportsbook And Casino Ontario December 2022

Disclaimer: Online gaming for Ontario residents only. Must be 19+. Please play responsibly. Due to AGCO regulations, we are unable to provide specific information on sign-up offers.

Ontario’s new legal and regulated gaming market offers a wide variety of options for customers. With so many new providers available in the region, it can be daunting to figure out the best place to play. What’s the good news? Ontario gamers looking to wager a few dollars will have no shortage of options available to them. And while we recommend opening multiple accounts in order to take advantage of new player incentives, it certainly helps to know where to look.  In this review, we’ll be looking at one of the newer providers in the industry: Coolbet Sportsbook and Coolbet Online Casino. 

Click here to jump down to our review of Coolbet Ontario Sportsbook

Click here to jump down to our review of Coolbet Ontario Online Casino

Coolbet Sportsbook Ontario

Based out of Scandinavia, Coolbet was created in 2016 and is focused mainly on gaming innovation. A slick interface and solid library of live dealer games stand out as the provider highlights. And while Coolbet does not pack the same brand name punch as say, Draftkings Sportsbook, FanDuel Sportsbook, or BetMGM, their rise in popularity illustrates they’re clearly doing something right. And with a new license to operate in Ontario, let’s see what all the fuss is about. 

Who Should Try Coolbet Ontario Sportsbook?

Coolbet Sportsbook is a great option for anyone looking to add another sportsbook to their arsenal of betting platforms. Sports betting fans will be happy with their competitive betting spreads and a variety of contests. 

Coolbet Ontario Sportsbook: Features Grade (3.5/5.0)

Coolbet Sportsbook ranks at the industry average. For every cool feature, there’s a drawback, but for the most part, the sportsbook is good. 

  • Cool Feature: Slick interface
  • Drawback: Clunky font/readability

Coolbet Sportsbook is a sleek chrome design, with a dark grey interface and bright yellow/blue/red finishes that really pop off the page. Unfortunately, the default font is a pretty odd choice and is not consistent across the site. The font varies from page to page which is distracting, and the font size fluctuates depending on the odds. There are times when it’s teeny tiny, while at other times, it’s huge and blocky, which is not great. 

  • Cool Feature: Huge betting limits
  • Drawback: Limited withdrawal options

Coolbet offers sports bettors wagering limits up to $500,000 per week. This is the largest we’ve seen in Ontario. Unfortunately, Coolbet also offers the most limited number of withdrawal options in the province. 

Beyond that, sports bettors will find what they need from Coolbet. The most popular contests are available with competitive spreads. All four major sporting leagues in North America are covered and offer a wide variety of betting lines for players looking to bet beyond the spread or total. And while it won’t blow anyone away, the average sports bettor will be satisfied with the Coolbet Sportsbook.

Coolbet Sportsbook Ontario: Deposit And Cashout Grade (1.0/5.0)

It isn’t often we go from a five-star section to a single-star section. Coolbet Sportsbook Ontario falls to the very bottom of the list when it comes to offering players a variety of deposit and cashout options. Ontario residents looking to make a deposit at Coolbet can do so using one of the following three options:

  • Interac
  • Credit Card (Visa/Mastercard)
  • MuchBetter

While Interac and credit cards are widely popular payment options in Ontario, there are still a number of financial institutions that get a little prickly when it comes to online gaming. As such, certain users may encounter difficulties when making a deposit at Coolbet. And for those lucky enough to strike it rich and cash out, we hope you like eCashout. Unfortunately, it is the only option.

It’s extremely frustrating that such a sportsbook that includes a focus on innovation in its mission statement would make it so difficult for players to deposit and withdraw funds from the website. Unfortunately, that’s the reality with Coolbet. And until they make it easier for players to access their funds by updating their payment methods with more popular methods like Paypal, Paysafe, eCheck, iDebit, Crypto, Apple Pay, or any of the other dozen options, this score will remain the worst in the province.

Coolbet Sportsbook Ontario App: (N/A)

Coolbet Sportsbook does not offer its users a mobile app, and while the website does work fine on a smartphone, a mobile app would be a nice addition.  

Coolbet Sportsbook Ontario: Overall Grade (3.0/5.0)

It’s a little frustrating to be forced to grade Coolbet as low as a 3 when there’s an awful lot to like about them. As we noted before, the massive wagering limits and awesome slots selection are great features. Unfortunately, until Coolbet introduces a larger variety of deposit and withdrawal options for Ontario residents, this grade will need to remain at just three stars. 

Is Coolbet Sportsbook Ontario Legit?

In short, yes. Coolbet is one of the dozen or so companies that successfully applied for an Ontario iGaming license. That means Coolbet now operates under the regulated jurisdiction of Canadian bookmakers. Overseen by both the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario, this regulated Ontario market has strict protocols to which Coolbet must adhere. Users who choose to play at Coolbet can rest assured that these two governing bodies can be contacted in the event of any dispute. 

Coolbet makes it known that its primary focus is fair play and responsible gaming. For players who do encounter any issues, Coolbet has a reputable customer service team. Players can reach a customer service representative either by live chat, email, or phone. Since Coolbet operates out of Europe, the support hours are a little funky for Ontario customers (2:00 am EST – 7:00 pm EST), but the Coolbet FAQ page is extensive and should help anyone looking for a DIY solution. 

Coolbet Sportsbook Ontario Fact Sheet

How old do you have to be to bet or play?In Ontario, you must be 19 years of age or older
Which provinces offer Coolbet?Ontario
Are there any land-based partners?No

Coolbet Casino Ontario

Based out of Scandinavia, Coolbet was created in 2016 and is focused mainly on gaming innovation. A slick interface and solid library of live dealer games stand out as the provider’s main highlights. Let’s review some of the online casino’s other assets.

Who Should Try Coolbet Casino Ontario?

Casino players will be thrilled with their large library of live dealer games and slot machines. And for anyone who likes to bet sports and play casino games? They’ll be pretty impressed with their intuitive interface.

Coolbet Casino Ontario: Slot Depth And Variety Grade (5.0/5.0)

Where Coolbet truly shines is their slot variety and live dealer games. For players looking to focus primarily on slot machines, Coolbet is the best in class. Earning a perfect five stars, it chooses to focus on quality rather than quantity when it comes to slot machines. 

With a catalog of 583 slot machines — yes, we counted — and growing, Coolbet is absolutely a great option for slot players. While this isn’t the most machines we’ve seen in Ontario, players needing more than 583 slot machines to satisfy their gaming needs might need to rethink their expectations.

What separates Coolbet from other providers in the slots space is its search filters. Most online casinos simply lump their games together, but Coolbet has an extensive search feature that allows players to find exactly the types of games they enjoy without scrolling endlessly. Players can search for their favorite games by providers, game type, max win multiplier, bonus features, and more. 

And what’s most impressive? Each slot machine shows the exact RTP (Return-To-Player) percentage displayed on each machine. In other words, gamblers can know exactly how much payback they can expect over the long term by playing each individual game. Actively providing players with this payback percentage is the first time we’ve ever seen that at an online casino. For players who enjoy table games and live dealer games, Coolbet currently offers more than 300 live dealer games — by far the most we’ve seen in Ontario. 

Coolbet Casino Ontario: App Grade: (N/A)

Coolbet Casino does not have a mobile app option. However, players can use its website.  

Coolbet Casino Ontario: Overall Grade (3.0/5.0)

Coolbet’s massive wagering limits and awesome slots selection are great features. It also offers almost more than 300 live dealer games, an offering that is well above the industry standard. Our main concern remains the extremely limited deposit and cashout methods for players. How high could we possibly grade an online casino and sportsbook high if players don’t have easy access to their financial services? 

Coolbet Casino and Sportsbook Ontario FAQ

Are live dealer games available at Coolbet Casino Ontario?

Yes, they are. Coolbet has more than 300 live casino games, which is the largest variety in Ontario. 

How much do I need to deposit at Coolbet Ontario?

Users at Coolbet are required to deposit a minimum of $10.00 CAD. 

Are the games at Coolbet Casino Ontario rigged?

No, the games are not rigged. Coolbet operates under the regulated bodies of Ontario iGaming and must adhere to fair play standards. 

What information do I need to open an account at Coolbet Ontario?

Users are required to provide a few basic details such as their name, email address and phone number. A valid form of payment is also required for real money players. 

Can I deposit using PayPal at Coolbet Casino Ontario? 

No, Coolbet does not offer PayPal or any other popular financial option.

Does Coolbet Ontario work on my mobile phone?

Yes. The Coolbet website can be accessed on a mobile phone. However, Coolbet does not currently offer a mobile app. 

Do I have to be an Ontario resident to play at Coolbet Ontario?

No, you do not. Coolbet operates in other jurisdictions other than Ontario. Please check the website for more details. 

About the Author

Jim Robinson

Having spent the majority of his career as a live entertainer, Jim Robinson recently transitioned into the world of sports media as both a writer and content creator. He has more than fifteen years experience as a sports bettor, poker player, and card sharp. He is proficient in all forms of betting, in-game wagering and prognostication but his expertise is the PGA Tour and live-golf betting. He is based in Ontario, Canada.