Overview of Coolbet Sportsbook Bonuses and Promos
At Coolbet Sportsbook, double-digit promotions and bonuses are available. These include multiple sportsbook promotions, including a welcome bonus, profit boosts, and more.
- 1x Welcome Bonus
- 1x Giveaway
- 1x Profit Boost
- 2x Bet and Get
- 1x Free Bet
- 1x Win Boost
- 1x VIP
- 1x Free to Play
- 1x Parlay Insurance
We have thoroughly researched these offers. Below, we'll provide the facts of each offer, including terms and conditions, wagering requirements, promo code(s), and more.
Welcome Bonus
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
About the Coolbet Deposit Bonus Welcome Offer – 100% up to $200
Coolbet offers a first-deposit sports betting bonus for new Canadian players: a 100% match up to $200 CAD using bonus code CAD200 with a minimum deposit of $10 CAD.
Key Terms
- Eligibility: New users only. One bonus per account.
- Minimum Deposit: $10 CAD
- Maximum Bonus: $200 CAD
- Bonus Code: CAD200 (must be entered at the time of deposit)
- Excluded Payment Methods: E-wallets (e.g., Skrill, NETELLER)
Wagering Requirements
To convert the bonus into withdrawable cash, players must meet the following:
- Wagering Requirement: 6x the bonus amount
- Eligible Bets: Single or combo bets with minimum odds of 1.50
- Time Limit: 30 days to meet the requirements
Other Conditions
- Bonus funds and any winnings remain locked until wagering requirements are met.
- If you don't meet the conditions in time, bonuses are forfeited.
- This offer is only available in Canada.
- It can be used for any sport.
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
Review of the 30% Golf Profit Boost
Golf bettors in Canada can enhance their winnings with a 30% profit boost on pre-tournament bets for the PGA Tour, LIV Golf, DP World Tour, LPGA Tour, or Champions Tour.
- No opt-in is required—just tick the “The Big Swing 30% Boost” box when placing the bet.
- The minimum odds are 1.67, and the maximum additional winnings are $100.
- There's no mention of a minimum wager.
- The offer is valid through August 25, 2025, and the boosted winnings have no wagering requirements.
Profit Boost
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
Overview of the Esports Action Promotion
Coolbet offers a 20% win boost on esports combo bets when players opt-in and use the promo code ESPORTS25.
How to Claim
- Opt-in required
- Promo code: ESPORTS25
- Check the “20% multiplier” box when placing your combo bet
Bet Requirements
- Minimum odds: 4.00 (total for the combo)
- Minimum stake: $7 CAD
- Maximum bonus winnings: $75 CAD
- No wagering requirement on boosted winnings
Example
- Wager $10 on a combo bet at 4.00 odds:
- Regular payout: $30 CAD
- With the 20% boost: $36 CAD — a $6 bonus
Free Bet
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
Information on the UFC Bet & Get Special
With the UFC25 promo code, Coolbet offers a Bet & Get special for UFC bettors.
After opting in, players must wager $25 on any UFC event with minimum odds of 1.50 and select the “FREE UFC Bet” box.
Regardless of the outcome, they’ll receive a $25 free bet the following Monday. This bonus comes with a 3x wagering requirement on events with odds of 1.50 or higher.
Example: If you place a $25 bet, you’ll get the free bet, but you must wager $75 in real funds before you can withdraw bonus winnings.
The promotion is available through December 28, 2025.
Other Conditions
- Wagering Period: Free bet is valid until the end of Thursday on the week it's received. Qualifying bets must be settled by Sunday at 5:59 p.m. ET.
- Excluded Bets: Combination/System bets.
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
What to Know About the Coolbet VIP Club
Coolbet’s VIP Club is an invitation-only loyalty program offering exclusive benefits, such as premium customer support, event invites, and travel opportunities.
While exact requirements aren’t disclosed, the program is designed for frequent, high-stakes bettors.
Coolbet notes that their team will contact qualified bettors directly.
Competition
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
Guide to the Premier League Specials Game
Coolbet offers a free-to-play Premier League prediction game with 10 rounds and $2,000 in weekly prizes.
Players earn points in these ways:
- 10 points for the exact score
- 6 for the match result plus correct goals for one team
- 3 for just the result
- 1 for getting one team’s goal count right
- This offer is available in all of Canada except Ontario.
- One entry per household; tracked by IP address.
Parlay Bonus
CoolBet is licensed by the Malta Gaming Authority and is not regulated by any Canadian provincial authority. Canadian users play at their own risk and may not be protected under local gambling laws. Please gamble responsibly.
Explaining the Parlay Insurance Offer
Coolbet’s Parlay Insurance gives players a $15 free bet if exactly one leg of a qualifying parlay loses.
To be eligible, players must opt in with the promo code COMBO24 and place a $15+ parlay consisting of at least four pre-match 1X2 or moneyline bets on soccer, basketball, or ice hockey.
Each leg must have a minimum odds of 1.50, and the "Parlay Insurance" box must be selected.
The free bet carries a 1x wagering requirement. However, you won't receive a free bet if the parlay loses by two legs. It must be exactly one leg.
- Free bet awarded on Mondays by 18:00 CET
- All parlay legs must be pre-match 1X2 or moneyline bets
- All selections must settle by Sunday 23:59 CET
- Live, system, cashed-out, and voided bets are excluded
- One free bet per player per weekend
- Double chance or other bet types don’t qualify
How to Claim a Coolbet Bonus
To utilize Coolbet bonuses, players must create a Coolbet account and log in. Several types of promotions require different access requirements, including minimum wagers, a deposit, and more.
You must also check if the offer requires you to opt in. This can be done on the individual promotions page.
Also, most offers will have wagering requirements attached, which you'll need to consider. These must be completed to access bonus funds or, in some cases, winnings from bonus funds as real cash.
Steps to claiming a Coolbet bonus
- Create an account or log in at Coolbet.
- If you're creating an account for the first time, you must provide your name, email, phone number, date of birth, address, and other information.
- Click "Promotions" at the top of the Coolbet site. Filters are available to see what's available for sports, the casino, and the poker room.
- Explore the offers and see which make sense for you.
- If one requires a promo code, use it at the appropriate time, such as when depositing.
- Make bets that align with the promotion. For example, with the UFC "bet and get" offer, you'll need to wager on UFC.
- Only one promotion can be active at a time.
How to deposit funds to claim Coolbet Bonus Code offers
To access these various bonuses and promotions at Coolbet, you'll need to deposit funds using the available methods. The minimum deposit at Coolbet is $10 CAD.
Here's how to get started:
- Log in and click "Deposit" in the upper right.
- Choose from the available methods.
- Put in the amount you want to deposit and a promo code if required.
- Complete the deposit. Once this is done, your account will reflect the bonus and your balance.
- You must deposit with real cash to qualify for all bonuses.
Below are the available payment methods at Coolbet.
Name | Deposit | Withdraw | ||||
---|---|---|---|---|---|---|
Time | Min | Fee | Time | Max | Fee | |
![]() Interac | 0-1 day | $5 | 0 | 1-3 days | $3,000 | 0.1-1.75% |
![]() VISA | 0-1 day | $10 | 1-4% | 2-7 days | $50,000 | 1-6% |
![]() Mastercard | 0-2 days | $10 | 1-3% | 2-7 days | $50,000 | 1-5% |
![]() MuchBetter | 0-1 day | $10 | 1-3% | 0-3 days | $10,000 | 1-3% |
![]() Bitcoin | 0-1 day | 0.00011 BTC | Gas Fees | 0-1 day | 1 BTC | Gas Fees |
![]() Bank Wire Transfer | 1-5 days | $50 | 0 | 1-7 days | $100,000 | $30-$50 |
FAQs On Coolbet's Bonuses
General Questions About Coolbet Bonuses
Which types of bonuses can Canadian users claim at Coolbet?
Numerous types of bonuses and promotions are available at Coolbet, including a welcome bonus, profit boosts, free bets, a VIP program, parlay insurance, giveaways, quiz challenges, and more.
Is a promo code required to activate Coolbet bonuses?
For some, yes. For example, the welcome bonus requires promo code CAD200. We recommend you review the terms and conditions of each offer to see which does and doesn't require one.
What is the typical minimum deposit amount for Coolbet promotions?
The minimum deposit at Coolbet is $10. However, some offers, like the Esports offer, require a minimum wager of $7.
Sports Betting Bonuses
What are the wagering requirements for the Coolbet welcome bonus?
The wagering requirements are 6x the bonus. The minimum odds are 1.50, and you have 30 days to complete them.
Are free bets valid across all betting markets?
Generally, yes, for markets like point spread and moneyline. However, there are some limitations, like the UFC Bet and Get offer, which requires you to bet on the UFC.
What if the wagering requirements are not completed on time?
If you don't complete the wagering requirements in time, all associated bonus funds and/or winnings become void.
Casino & Promo Code Questions
Are there separate Coolbet promo codes for casino bonuses?
Yes. Coolbet Casino has eight promotions, including the VIP Program.
- For example, the welcome bonus provides players a 1000% bonus on a $15 deposit or a 200% deposit bonus up to $200. These require promo codes CWCA and CWCA2, respectively.
Can a single promo code be used for both sports and casino promotions?
No. These offers are completely separate from one another.
Where can I access the most up-to-date Coolbet promo codes?
To see the latest offers and promo codes, visit Coolbet's promotions page. This is found atop the page next to links to the sportsbook, casino, and poker room.
Responsible Bonus Use & Account Management
Is it possible to cancel an active bonus?
It depends on the offer. Coolbet told us that if you want to cancel a promotion, you should visit the promotions page, click on the bonus, and see if there's a cancel button available.
Are bonus funds eligible for withdrawal?
Bonus funds can be withdrawn once you meet the wagering requirements associated with said bonus funds.
Is there a limit to how many bonuses a user can claim?
There's no limit overall, but you can only have one active bonus at a time.
What steps should I take if I feel compelled to continue betting to meet bonus conditions?
In this scenario, we'd suggest setting limits on your account, such as deposits and session time. Additionally, consider taking a timeout from playing at Coolbet. Remember: Bonuses and promotions are completely optional and shouldn't be a factor when playing. Always gamble responsibly, such as 1-5% of your monthly disposable income.
If you're having more severe issues, support in Canada can be found with the Centre for Addiction and Mental Health, Gamtalk Treatment & Support, and more.
Can I decline a bonus and still place standard bets?
Of course. You don't need to claim any bonuses at Coolbet. Instead, you could opt to completely ignore these and place bets without them being factored in.