The Coolbet bonus code in Canada allows new users to sign up and receive up to $200 in bonus funds by clicking the link above. Of course, some restrictions apply, which we'll cover in this article. On top of that, we'll also cover how to claim the bonus, the terms and conditions, and other Coolbet promotions, such as the casino welcome bonuses.

Coolbet bonus code offers in 2025

What is the Coolbet bonus code?

Coolbet, a relatively new sportsbook and online casino in the Canadian market, has a solid welcome offer for new customers. The Coolbet bonus code 2025 grants new players up to $200 in bonus funds on first deposits.

That said, various terms and conditions exist for receiving and withdrawing the bonus. For example, the minimum deposit to earn the Coolbet welcome bonus is $10, which would grant the player $10 in bonus funds. A $100 deposit is eligible for a $100 bonus, and so on.

Coolbet main bonus summary

Terms & conditions of the Coolbet bonus

In addition to the minimum deposit restriction, players must meet certain other criteria to claim and withdraw the Coolbet bonus code funds. Notably, the bonus is only for players who have never registered with Coolbet before. Also, players must wager their total bonus within 30 days and meet wagering requirements.

Wagering requirements are an industry standard with most first-time deposit bonuses. For Coolbet, players must bet their bonus at least six times on events with minimum odds of -200 (1.5 in decimal odds). Coolbet accepts combos and system bets, and combos (also known as multis or parlays) can have events with odds lower than -200, but the total combo odds must have a minimum of -200 odds.

While Coolbet has plenty of deposit and withdrawal options (covered below), it does not award Coolbet bonus code funds for deposits made via e-wallets, including Skrill and Neteller.

Pros of the Coolbet welcome bonus

When signing up with the bonus code for the Coolbet sportsbook, new users can earn up to $200 in additional bonus funds, presenting an opportunity to earn large prizes on wagers with solely bonus bets. The initial deposit isn't subject to any wager requirements, allowing players to try and build their funds without wagering actual money.

Using the bonus funds provided via the Coolbet bonus code also lets players try some of Coolbet's unique bets and features without spending their initial deposit.

Cons of the Coolbet welcome bonus

The wagering requirements are a little stricter than those of some other sportsbook bonuses in Canada. Bet365, for example, doesn't have any wagering requirements for its bonus, although it only offers as much as $50 on first-time deposits.

Using the Coolbet sportsbook welcome bonus excludes players from using the casino welcome bonus, which is up to $150 in matching deposit funds and 50 free spins.

How to register with the Coolbet bonus code

1. Click the link above or visit coolbet.com/ca and visit the “Promotions” page.
2. Click the green “Open Account” button in the middle of the page and enter all relevant information in the fields, including email, password, and mobile phone number. Confirm your age (at least 19) and agree to the Coolbet terms and privacy policy.
3. Enter your name, gender, birth date, and address. You can also select an alias, which Coolbet will refer to you as on the site and in all communication.
4. Select “Yes” to “Do you want to receive bonus offers, free spins, and promotions?” and click the green “Create Account” button.
5. Verify your account by entering a six-digit PIN sent to your mobile device.

How to make your first deposit with Coolbet

1. Now that your account is created, click the green “Deposit” button in the upper right-hand corner of the home page, set your account's deposit limits, and select your preferred deposit method and amount.
2. You can enter the amount you wish to deposit or select one of the $25, $50, or $100 one-click deposit buttons.
3. You may also have to enter the Coolbet bonus code in the box right above the green “Continue” button at the bottom of the page.

Coolbet bonus code offers for new customers

Sportsbook welcome offer

As mentioned, new customers who sign up for the Coolbet sportsbook using the welcome bonus code can claim up to $200 in bonus funds with wagering requirements. Simply sign up via the link at the top of the page and deposit $10. Bonus bets must be wagered at least six times before they are withdrawable.

Casino welcome offers

The Coolbet bonus code 2025 also includes a casino welcome bonus, but players can only choose one offer (casino or sportsbook). Players can receive a 100 percent deposit bonus up to $150 and 50 free spins for Book of Dead. The Coolbet casino bonus has a 35x wagering requirement, a minimum deposit of $20, and the 50 free spins are valid for seven days.

A second casino bonus at Coolbet allows new users to deposit $10 and play with $40. The bonus funds must be wagered on slots at least 45 times within 30 days. Players can only choose one of the two casino promotions when signing up.

Tips for getting the most out of the Coolbet bonus code

• Only wager on sports you're familiar with and take advantage of other bonuses, such as parlay boosts and combo generators, which can increase earnings from successful wagers.
• Deposit $200 so you get the maximum bonus amount.
• Don't forget to meet the 6x wagering requirement before the 30-day expiry.

Coolbet offers for existing customers

Coolbet also offers a wide variety of offers for existing customers, which puts it on par with other Canadian sportsbooks, such as Bet365, Sports Interaction, and Pinnacle.

Sportsbook offers

Death, Taxes & Football

CoolBet's Death, Taxes & Football promotion gives players a $15 bonus bet when they wager $30 on NFL or college football games. Players must select the “FREE FOOTBALL BET” option before confirming their wager, which must be on a single game or combo bet with at least -200 odds. The free bet can only be claimed once per week.

Parlay Insurance

How many times have you come up one leg short on a parlay? The Coolbet sportsbook offers players a parlay insurance bonus on $15 parlay bets with at least four legs (minimum -200 per selection). Bets must be on hockey, basketball, or soccer, and players must select the “Parlay insurance” box in the bet slip before making the wager. If the bet comes up one leg short, players receive a $15 bonus bet.

Dream Trip to Dubai

Coolbet currently also has a raffle draw for a trip to Dubai. Players receive one raffle ticket for every $15 they wager on sports after they opt-in to the promotion with the code DUBAI24. They can earn as many as 200 raffle tickets for the extravagant trip-for-two prize. The prize features airfare, six nights in a five-star luxury hotel, and $1,500 in spending money. Secondary prizes include $750, $375, and 50 $15 free bets.

Casino offers

25 free spins

Immediately upon registering, players receive 25 free spins to a select Coolbet casino slot game. There are no wagering requirements.

Coolbet casino club

New and existing users are automatically entered into the Coolbet Casino Club, which offers members 10 percent payback from their losses on casino slots every Monday. The minimum payback is $2, and the maximum is $5,000. However, payback funds are subject to 6x wagering requirements.

Poker loyalty rewards program

Coolbet also has an extensive selection of poker games, and players can earn up to 30 percent cashback via its Poker Loyalty Program. Every time players wager real money in cash games, tournaments, or sit-and-gos, a small percentage (known as a rake) is taken and used to determine the cashback percentage.

Players with a weekly rake between $15 and $29.99 can receive 10% cashback, whereas those with a weekly rake of $150 or more receive 30% cashback.

Sports markets at Coolbet: What can you bet on?

NFL

The NFL appears first on the Coolbet sportsbook's list of most popular sports, which should be no surprise considering it is the most popular league in North America. Coolbet also has CFL, NCAA, and USports football betting, making it one of the best places to bet on football.

It usually has more than 100 betting markets for NFL games, including the total, handicap, and BetBuilder combo options, in which players can select a variety of individual and team props, including touchdown scorers, player reception totals, sacks, and kicking. Coolbet also has NFL weekly specials, such as the highest and lowest-scoring games and teams.

NHL

Coolbet is a great place to wager on the action, with more than 150 betting markets for most games, including the spread, over/under, and dozens of player props. There are also plenty of futures available for betting, such as the Stanley Cup and Hart Trophy winners and over/under props for team and player points.

MLB

MLB is front and center on Coolbet right now, with the playoffs ongoing. The sportsbook has dozens of markets for each series and every game in those series, including correct score.

Coolbet bonus comparison: Is it better than other sportsbook offers?

As mentioned earlier, Coolbet has a great variety of bonuses for new and existing users, although its wagering requirements can be stricter than other Canadian bookmaker bonuses. Here's a look at how the Coolbet bonus code and other offers stack up against other sportsbooks in Canada.

Coolbet online casino overview: Thousands of slots and games

Coolbet has thousands of casino games, all of which are listed on the casino page under categories such as “Coolbet specials,” “Flip five gaming,” “Wicked wins,” and “Hot games.” There are more than 3,600 slots that qualify for the casino payback program. Coolbet also lists some of the biggest wins from the last 24 hours, giving users an idea of the magnitude of prizes that can be won at any given time.

The Coolbet online casino also features hundreds of table games, including roulette, blackjack, Baccarat, and craps. They also have a great poker section, although it requires a separate app or a Windows 7 or Mac OS 11.0 or higher to play in a web browser.

Coolbet online casino bonuses: Two great promotions to choose from

As we discussed above, there are two online casino welcome offers. The 100 percent deposit bonus, subject to 35x wagering requirements, is an excellent option for new users. It comes with 50 free spins, and winnings from these don't have wager requirements. The other Coolbet casino bonus is “Deposit $10 Play with $40.” This has a more significant wagering requirement of 45x.

Users must select between one of the two casino bonuses. Also, casino bonuses cannot be used if a player has already claimed the Coolbet sportsbook sign-up bonus.

Coolbet communities tips

While there are no online communities specifically for CoolBet, Reddit's r/sportsbook is an excellent resource for sharing betting strategies and tips for CoolBet and other top Canadian sportsbooks.

Coolbet reputation & license: Is it legit?

Like most online sportsbooks and casinos serving the Canadian market (minus Ontario), Coolbet has offshore licenses in Malta, Estonia, and Sweden. The company is owned by GAN Limited, which is publicly traded on the NASDAQ in the United States and has served the Canadian market since 2015. It has a fairly decent reputation regarding online reviews, with several five-star reviews on Trustpilot and favorable comments on Reddit.

Where is Coolbet legal?

In addition to Canada, Coolbet is legal in nine other countries, including Estonia, Sweden, Finland, Chile, and Mexico.

Coolbet customer support

Coolbet offers various channels through which bettors can address any issues with the Coolbet bonus code or other concerns. They have a live chat service with an average queue of 15 seconds. Alternatively, players can email the support team, which takes about two hours to respond.

• Email: [email protected]
• Twitter (X): @CoolbetCanada

Coolbet payment methods

Our final opinion on Coolbet's sportsbook and online casino offers

The Coolbet welcome bonus is on par with most other Canadian sportsbooks. However, the operator stands out in its diverse selection of weekly bonuses and sports offers, keeping players engaged with bonus bets and free spins. It also has a decent array of deposit options, but withdrawal options are a little lacking.

Overall, we recommend taking advantage of the Coolbet bonus code.