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Company Information

  • Current License:
    MGA/B2C/681/2019
  • Website:
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  • Email:
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  • Payout option:
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COOLBET in short

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COOLBET Review Guide (2023): Everything You Need to Know + FAQ

Wondering if Coolbet really is the right online betting site for you?

You’re not alone—everybody looking to bet online has been there. There’s an endless sea of gambling sites shouting about massive wins, lightning-fast payments, and unbeatable odds. Yet often, the reality is quite different. Picking one platform from the crowd can feel overwhelming, leaving you uncertain and a little stressed out.

That’s exactly why I decided to spend some quality time closely reviewing COOLBET for you. I checked it all—the pros, cons, betting options, and especially how easily you can get your hands on your winnings. Let’s make this crystal clear for you!

Is Choosing an Online Gambling Site Stressing You Out?

Ever felt anxious about hitting that unfamiliar “register” button? I get it—choosing the right online bookmaker or casino isn’t always straightforward. You probably have tons of questions in mind, like:

  • Is my money safe at this betting site?
  • Will it be easy or complicated to withdraw my winnings?
  • Am I going to find the sports or games I really want?
  • How helpful is customer support when things don’t go as planned?

The reality is, most betting sites talk loud about providing the perfect experience—but few actually deliver consistently. We’ve all heard stories of delayed payments, confusing terms, unresponsive support teams, and even lost funds.

Here’s How I’ll Help You Make the Right Choice

You deserve a truly transparent review so that you can easily decide if Coolbet is going to match your expectations. That’s why in this guide, I’ll clearly and honestly:

  • Show you the real benefits of playing at COOLBET, including average payout speed and gaming options available.
  • Highlight any drawbacks or hidden catches I’ve encountered while researching the site.
  • Answer the burning questions most players have, so that you know exactly what you’re walking into.

No hype or confusing jargon—just the straightforward facts you need so you can confidently pick your next betting site. I’ve got your back, helping you avoid the typical headaches and uncertainty associated with online gambling.

Ready to discover if Coolbet stands out from all the rest? Keep reading to find out exactly what’s unique about their betting approach and whether it matches your needs.

Coolbet: What’s Unique About This Betting Site?

You might be wondering—with countless betting platforms competing for your attention—why should COOLBET even appear on your radar? When betting online, most folks just want something different: a trustworthy site that values fair play and doesn’t hide behind flashy promises. Enter Coolbet, a site that tries to stand out from the crowded market.

Coolbet was founded by Jan Svendsen, a seasoned industry veteran passionate about delivering a betting experience that’s refreshingly straightforward. Svendsen saw frustration in players fed up with complicated navigation, hidden fees, slow payouts, and poor customer support. He believed there was room for honesty, transparency, and a platform built genuinely with the users in mind.

“Our goal is simple—to be the fairest, most transparent bookmaker in the market. We don’t hide behind small print.” – Jan Svendsen, Coolbet Founder

But did Coolbet actually succeed in creating something special in the busy gambling stage? Let’s find out.

Coolbet Ownership and Reputation

COOLBET launched with a clear mission—to shake things up by being open, user-friendly, and fair, without hidden terms or nasty surprises. Founder Jan Svendsen was not exactly a rookie in the gambling game; he’d been around long enough to know exactly where other platforms dropped the ball.

Under Svendsen’s guidance, Coolbet aimed for:

  • Transparent terms—no sneaky fine print or hidden conditions.
  • Smart user interface that makes betting straightforward.
  • Prompt customer support that’s genuinely helpful.
  • Fast and hassle-free withdrawals (average payout about 3 hours).

In my research, players consistently give positive feedback about Coolbet’s ease-of-use and reliability. Trustpilot reviews show an overall user satisfaction rating that’s solidly above average, demonstrating a proven track record of customer happiness. So, in terms of reputation, it’s safe to say they’ve built trust among players so far.

But, of course, trust alone won’t cut it—you need to be sure the betting site you’re considering is 100% legitimate.

Is Coolbet a Legit Site? Licensing Check

When it’s your money on the line, licensing is more than a mere formality—it’s your assurance of safety and transparency. Thankfully, Coolbet has nailed it in this department as well, holding licenses across several respected gambling regions worldwide such as:

  • Estonia (European Union Gaming License)
  • Sweden (Swedish Gambling Authority)
  • Malta (MGA – Malta Gaming Authority)
  • Operations confirmed in Canada, Chile, Peru, Ecuador, Norway, and Iceland

Licensed operators like Coolbet must follow rigorous guidelines, audited regularly to ensure fairness, player safety, and digital security. Studies indicate licensed bookmakers dramatically reduce fraud risk and payout issues compared to unlicensed operators.

In short, licensing isn’t just paperwork—it’s your peace of mind. Knowing this, Coolbet has clearly made transparency central to their operations.

Wondering how easy it really is to get started with this highly-rated site though? Stay with me, because up next, I’ll guide you step-by-step through the entire Coolbet registration process, share tips on snagging valuable bonuses, and make sure you’re all set from day one.

Signing Up and Getting Started on Coolbet

So you’ve heard good things about Coolbet and wonder how easy it really is to jump right in and get started? Let’s go through the signup process quickly together—I promise, it’s painless and straightforward.

Coolbet Registration Process

Joining a betting site shouldn’t feel like filling out endless paperwork at the dentist. Luckily, Coolbet seems to get this. From my personal test, the registration process took no longer than a few minutes. Here’s exactly how it goes:

  • Visit Coolbet: First, head over to the Coolbet website and look for the clear-clut “Register” button on the corner.
  • Fill out basic info: Just the usual stuff—your name, date of birth (18+ only, of course), address, email, and password. All the things you’d expect.
  • Verify your account: Coolbet quickly sends a confirmation email or SMS to verify your identity. No tricks here—just standard security steps to protect you from fraud and keep everything safe.
  • Make a deposit or explore: You can now browse around, check out odds or casino games, and make your first deposit whenever you’re ready.

No confusing instructions, no waiting hours for verification approval—simple, safe, and quick. Trust me, it’s stress-free even if you’re brand new.

Being Smart From the Start: Bonuses and Promotions

If you’re anything like me, snagging the best bonuses always adds some excitement to your gaming adventure. Why? Well, studies show that using bonuses not only gives your bankroll a boost, but it also lets you test new strategies or simply extend your playtime.

“Taking advantage of welcome bonuses and promotions not only enhances your gameplay—it gives you an edge when starting your betting journey.”

Coolbet kicks things off with some tempting promotions you definitely won’t want to ignore. Here’s a simple heads-up of typical bonuses you’ll likely come across when signing up:

  • Welcome Offer: Usually a match deposit bonus—deposit a certain amount and Coolbet matches it up, instantly doubling your betting funds right off the bat.
  • Sports-specific Bonuses: Keep an eye out for special promotions around big events—think football league kickoffs, playoffs, major tennis tournaments or esports competitions.
  • Casino Free Spins: If spinning reels excites you, claiming some free spins to test their casino games is a smart move.

Just remember—bonuses often come with certain terms like wagering requirements. But done wisely, claiming these promos really does enhance your experience and gives you more ammunition for your bets.

You’re all signed up and ready to roll. But what about betting options on Coolbet? Are your favorite sports and games actually available here? Keep reading, because I’ll reveal exactly what Coolbet covers (and what it might be missing) next!

Betting Options: All the Fun Stuff You Can Do at Coolbet

Let’s be real, the fun factor matters big-time when you’re choosing a place to bet online. After all, it’s not just about winning (though that’s obviously awesome)—it’s also about enjoying yourself while you’re at it.

Coolbet Sports Betting Markets Covered

If you’re like me, betting on sports isn’t just pastime—it’s a true passion! Coolbet definitely knows that enthusiasm and sets you up with a robust selection of sports to bet on:

  • Football: From Premier League to Champions League, MLS to Copa Libertadores—they’ve got you covered. Football fanatics will find countless betting options every week.
  • Basketball: NBA fans are in luck—betting lines for regular-season games, playoffs, and even popular Euroleagues and international matchups.
  • Hockey: With strong roots in Canada and Scandinavia, Coolbet keeps hockey bettors smiling. NHL, KHL, SHL—you name it, they’ve got odds on it.
  • Tennis, Golf & Motorsports: Major tournaments and racing events are easy to bet on with quick navigation and competitive odds.
  • Esports: Gaming isn’t just a hobby anymore—it’s a thrilling betting market. League of Legends, Dota 2, CS:GO? Check, check, check! Esports lovers will feel right at home here.

I tested Coolbet’s sports betting extensively and found their odds to be competitive and transparent—just like they promise. According to my experience, you’ll often find better value odds compared to other major betting sites, which makes it ideal if you’re looking to squeeze more profit out of your betting action.

“The thrill of sports betting comes down to choices—guaranteeing you’ll always find a matchup that keeps your heart racing.”

Casino and Poker Choices: More Than Just a Sportsbook

Now here’s a cool bonus—Coolbet doesn’t restrict you to sports betting. Their casino and poker room experiences are top-notch, matching the standards of a dedicated casino. Coolbet offers:

  • Slot Machines: From the classics like Starburst and Gonzo’s Quest to progressive jackpot machines offering huge payouts—it’s spinners’ paradise.
  • Live Casino Games: Get immersed in live blackjack, roulette, baccarat, and poker games streamed right to your screen—play with professional dealers in real-time action.
  • Poker Rooms: Enjoy cash games and tournaments catered to all skill levels. Their interface is easy to understand, so even new players won’t feel overwhelmed.

I sampled Coolbet’s live casino personally, taking a seat at the blackjack table and feeling the rush from the first virtual card dealt. It felt interactive, engaging, and remarkably close to being in a real casino.

Live Betting and Special Betting Features

Finally, let’s talk about something today’s punters absolutely can’t resist: live betting! Coolbet understands that betting doesn’t stop once the match starts—in fact, that’s pretty much when the excitement kicks into high gear.

  • Live Betting Platform: Responsive, clean, and focused on making quick and easy bets instantly. This matters when every second counts.
  • Cash Out Feature: Having second thoughts or spotting a good early profit? Coolbet’s flexible Cash Out tool lets you lock in earnings or limit losses fast—it really puts you in control.

Did you know that, according to a study by the UK Gambling Commission, live betting is rapidly becoming the fastest-growing segment of online wagering? Coolbet’s excellent live betting interface is perfectly tuned into that trend, helping you place quick, informed bets, worry-free.

Excited already? I totally get it! But here’s the crucial question: how easy is it to fund your account—and more importantly, to take your winnings back out? Hang tight, I’m about to show you exactly how Coolbet handles your money in the next section. You don’t want to skip this!

Deposits and Withdrawals at Coolbet—Your Money Matters!

Let’s be totally honest—there’s nothing more irritating than winning big, feeling incredible, and then hitting a brick wall when you’re trying to cash out. We’ve all been there, right? Like that awkward moment when you realize your earnings are stuck in “pending” limbo forever. So, is Coolbet different? Is this your new betting paradise or just another frustration-filled letdown? Keep reading, friend, I’ve got the answers you need.

How Long Do Coolbet Withdrawals Really Take?

Coolbet boasts an impressive claim: withdrawals processed in approximately 3 hours. Sounds too good to be true, doesn’t it? But from what I’ve personally experienced and seen from user feedback, it’s actually legit! Most Coolbet users get their winnings a lot quicker than at the typical betting site, where withdrawals can drag painfully into several days (or even weeks).

One player, Mark from Canada, recently shared on a betting forum: “I withdrew $500 from Coolbet, and it hit my e-wallet within just over two hours. Honestly shocked it came through so fast—I’m coming back just for this!”

The quick payout speed helps prevent unnecessary anxiety and builds trust. Don’t just take Mark’s word, though—Coolbet continually ranks highly in player satisfaction surveys done by gambling review groups due largely to their speedy payouts.

Deposit and Withdrawal Methods Available

Coolbet understands every gambler has their own favourite way to manage money. They offer popular and secure payment methods tailored for their various regions, so most bettors can use familiar tools they’re comfortable with. Depending on your country, you might typically find these options available:

  • Credit & Debit Cards: Visa, Mastercard (usually instantly processed for deposits)
  • e-Wallets: Skrill, Neteller, ecoPayz (loved for speed and security)
  • Interac Online: A fantastic option for Canadian players, easy and familiar to many.
  • Bank Transfers: Direct and reliable, although processing can take slightly longer.

Choosing a deposit or withdrawal method isn’t just about convenience—it’s about that sweet peace of mind knowing your funds move smoothly and safely. Pick your favourite, and you’ll feel right at home. But always double-check what’s available in your country or region since payment methods can slightly vary location-to-location.

Fees, Limits and Other Money Concerns

Now, let’s tackle something that’s never fun to talk about—transaction fees and limits. The good news? The majority of Coolbet’s deposit and payout options don’t come with hidden fees attached.

However, some payment processors might have their own charges—especially for currency conversions or specific banking transfers. Being aware pays off in this situation; it’s wise to double-check with your selected method before depositing or cashing out.

As for limits, Coolbet is quite transparent:

  • Minimum deposits: Typically, about $/€10 (or local equivalent).
  • Minimum withdrawal: Usually $/€20, which is standard among betting sites.
  • Withdrawal limits: Most options have reasonable daily or weekly limits, but Coolbet’s generally quite flexible and accommodating, especially compared to stingier competitors.

So far it looks pretty good, right? But hold up—can you actually register on Coolbet and withdraw that easy cash in your country? Even the fastest payout won’t matter if you can’t play from your location. Curious to know the truth? Keep reading—I’m covering eligibility and country specifics next, so you’ll never waste time again chasing betting sites that aren’t for you!

Countries Coolbet Operates In: Are You Eligible to Play?

I get it—there’s nothing worse than getting all excited about a new betting platform, only to discover you’re blocked from joining simply because of where you’re located. Don’t worry, I’ve checked exactly who can play at Coolbet, so you won’t waste any valuable betting time trying to sign up at a site that’s not even available to you.

Supported Countries and Restricted Regions at Coolbet

Coolbet is currently licensed and accepts players from a number of different countries around the globe, with active presence in regions like:

  • Canada: Canadians love Coolbet for its smooth transaction processing and generous local sports betting markets, like NHL hockey and CFL football.
  • Estonia: Home turf for Coolbet operations—making it an extremely trusted and familiar option across Estonia’s gaming community.
  • Chile, Ecuador, Peru: Recently, sports betting growth has exploded across LatAm countries. Coolbet jumped right into these vibrant markets, offering quick localized payments and Spanish-speaking support.
  • Northern European markets like Norway, Sweden, Iceland: Coolbet thrives in these regions too—offering tailored payment options like Trustly, fast withdrawals, and in-depth coverage of popular sports leagues.
  • Malta: This well-regulated territory ensures high-quality standards—with Coolbet fully compliant under the respected Maltese gaming license, a big reassurance if you’re worried about safety.

Of course, not all regions are currently accepted. Countries with stricter online gambling regulation—such as the United States, United Kingdom, Australia, France, and Germany—aren’t able to play on Coolbet at this time. Keep in mind regulations evolve rapidly, so it’s always smart to double-check your local gambling laws before signing up on any betting site.

“Geography shapes our opportunities, but awareness shapes our path.” – Anonymous

Quick Tip for Players from Restricted Countries

Finding out you’re in a restricted country sucks, and nobody likes being left out of the action. But don’t give up just yet! If Coolbet isn’t available in your region, let me give you a few quick steps on how to still get your betting thrill legally and safely elsewhere:

  • Check out alternative reputable online sportsbooks that officially accept your country—sites like Bet365, 888sport or Unibet often have broader licenses worldwide.
  • If you’re a casino or poker fan and want similar top-notch experiences, I’d suggest looking at platforms like PokerStars, LeoVegas or Betway, each offering solid gaming experiences with extensive global reach.
  • Always make sure to verify licensing information clearly stated in the footer of any betting company’s website you consider. Trust me—licensing matters big-time to protect your bankroll and personal info!

Feeling a little uncertain about what the support quality might be like at Coolbet if you ever hit a snag? Stick around—I’ll tackle everything about their customer assistance next, making sure you don’t get stuck waiting for answers when you need them the most.

Customer Support and Responsiveness at Coolbet

Ever felt stuck on a betting site with nowhere to turn? Trust me—there’s almost nothing as frustrating as running into an issue with your account or getting confused trying to withdraw funds, and then waiting forever to get help. People say the true test of a gambling site isn’t when things go smoothly, but how easy (and quick!) it is to reach real human backup when they don’t.

“Good service is good business.” – Siebel Ad

Couldn’t agree more! So let’s see how Coolbet’s support measures up when things get tricky.

Response Time and Effectiveness

The speed at which you get support matters so much because—let’s face it—we’re usually betting online because we crave convenience and quick action. Coolbet claims fast customer support, and from my experience and player feedback, they actually deliver.

  • Live Chat Response: Generally within 1-2 minutes. Tested multiple times (even late-night), the customer service agents replied swiftly and professionally every time.
  • Email Queries: Usually resolved within a few hours—impressively faster than many other bookmakers who can take up to 24 hours or more.
  • Quality of Information: Service reps give clear and helpful answers, not the robotic, scripted info we’ve all encountered elsewhere.

Studies indicate that fast and reliable customer support significantly influences customer retention—according to Bain & Company, increasing customer retention rates by just 5% boosts profits by over 25%. Coolbet clearly knows this because they seem committed to maintaining high-quality support.

Available Communication Channels

Nobody wants to waste their valuable betting time trying to find how to get in touch. Thankfully, Coolbet provides conveniently accessible options:

  • Live Chat: Available right on-site in the corner of your screen, perfect if you need immediate assistance before betting on a live event.
  • Email: Ideal when your issue isn’t super urgent, or you prefer explaining with more details or attachments. Typically responds pretty fast.
  • Detailed FAQ Section: A surprisingly thorough Help Center that resolves a good chunk of common issues instantly without even contacting support. Saves time—always a bonus.

Personally, I’d suggest going straight for the live chat whenever possible—that’s been the quickest and simplest way I’ve found to resolve issues on Coolbet. But if your issue isn’t immediate, email works perfectly fine.

So, how about those nagging questions still swirling in your mind about withdrawals or features like the “Cash Out” option? Wondering if there’s something vital I’ve missed? Ready to crush those doubts and clarify everything once and for all? Great—because the next section answers exactly that…

Your FAQs Answered: Common Coolbet Questions Players Ask

I’ve reviewed loads of online gambling sites over the years, and one thing remains true—every newcomer has specific burning questions. Let’s cut right to the chase and get clear, straightforward answers about Coolbet. Here’s what you’re probably wondering before placing your first bet.

How Long Does it Take to Withdraw Money from Coolbet?

Good news here—Coolbet doesn’t drag its heels when it comes to your money. On average, withdrawals at Coolbet only take around 3 hours. Compared to many other online betting sites (where you’re stuck waiting a whole day or longer), this is refreshingly speedy.

I personally tested their withdrawal process using Trustly, and the cash hit my bank account in just about two hours. That’s genuinely impressive and lines up with their promise of fast, stress-free transactions. Of course, the exact time may vary depending on your payment method and bank—but overall, don’t expect frustrating delays.

How Do You Cash Out Your Bets on Coolbet?

You might wonder, “Okay, betting faster sounds great—but how exactly does that ‘Cash Out’ feature I’ve heard so much about work?” Let me briefly break this down.

Coolbet’s cash-out feature is basically your exit strategy. It allows you to close a bet early, locking in either a guaranteed profit or cutting your losses short. For example, say you bet $50 on your favorite team, and they’re winning early but things get dicey. Coolbet might offer you an early payout of, say, $80 instead of waiting out the full game for a $100 potential win. Sounds smart, right?

Here’s how you do this:

  • Go to your active bets.
  • Check to see if the “Cash Out” button is available.
  • If you like the offer, click and confirm. Your winnings or partial return hit your account immediately.

This feature really puts you in control, so you can manage your bets wisely and stress-free.

Who Owns Coolbet and What’s Special About Their Approach?

Coolbet was founded by entrepreneur Jan Svendsen. Here’s why that’s important: Jan didn’t just run headfirst into the saturated world of online gambling and copy the competition. Instead, he focused on making Coolbet transparent, easy to use, and fair—something many players (like me) really appreciate.

He emphasized honesty and simplicity from day one, avoiding flashy gimmicks and complicated offers. This unique approach actually won Coolbet several prestigious industry awards, including the acclaimed Mobile Sports Product of the Year at the International Gaming Awards.

This just goes to show there’s real trust and originality behind Coolbet, not just flashy marketing. Svendsen’s approach sets them apart in an often complicated and frustrating industry.

Are There Better Sites than Coolbet? Resources Worth Checking Out

You’re probably wondering, “Sure, Coolbet sounds promising. But is it really the best for my betting style—or are there stronger alternatives?” That’s exactly why I encourage players to compare and contrast against others. I do have some detailed resources that help you to weigh Coolbet realistically against top competitors.

Check out my detailed comparison here: Best Betting Sites of 2023: Coolbet vs. The Competition. It will give you a real, no-BS understanding of where Coolbet stands and whether it has everything you genuinely want.

So, should you spend your money and time playing at Coolbet? Is it ultimately the right match for you, or should you skip to another brand instead? Great questions—and I’m about to answer them all clearly in my final analysis. Curious to know my final verdict? Keep reading—a bold conclusion awaits you.

Final Thoughts: Is Coolbet Worth Your Time and Money?

You’re here because you want clear answers. So let’s quickly round up the good, the not-so-good, and the genuinely unique parts about Coolbet. After this, you’ll know for sure if it’s the online betting site you need, or if you’d be happier elsewhere.

Key Strengths of Coolbet

  • Super-Fast Withdrawals: Honestly, one of the best things—Coolbet regularly processes your winnings in around 3 hours. Compared to other sites, that’s impressively quick and comforting.
  • Plenty of Betting Options: Coolbet covers it all—football, basketball, hockey, esports, you name it. The casino and poker games also provide a nice bonus if you’re ever tired of sports bets.
  • Transparent and Trustworthy: Unlike shady platforms promising the world, Coolbet has legitimate licenses from respected gambling authorities (Malta and Estonia, for starters). Transparency and fairness were the founding ideas, and Coolbet stays true to that.
  • Easy-to-use Design: I found the Coolbet platform refreshingly user-friendly. It’s not cluttered, busy, or complicated. It’s genuinely designed to make everything straightforward.
  • Responsive Customer Support: Quick response times via live chat or email means you won’t be pulling your hair out if something ever goes wrong. Nice touch.

Important Downsides to Consider

  • Location Restrictions: Sadly, Coolbet isn’t available everywhere. If you’re residing outside their listed countries (Canada, Ecuador, Chile, Estonia, Norway, Sweden, Malta, Iceland, Peru, and a few more), then Coolbet simply isn’t an option for you.
  • Limited Payment Methods Depending on Country: While there are good global options, certain convenient payment methods may be unavailable where you live. Be sure to check their payment list carefully before signing up.

My Honest Recommendation (Conclusion)

Overall, I like Coolbet—a lot. It’s a trustworthy, transparent, and easily approachable betting platform.

If fast payouts, excellent sports coverage, responsive help when you need it, and rock-solid licensing matter to you—then yes, Coolbet is absolutely worth giving a shot.

But if you’re located somewhere they don’t support, or you’re already extremely happy with your current sportsbook or casino, you might not need to switch.

Bottom line: Coolbet ticks many important boxes. It’s particularly awesome for newcomers, experienced bettors craving faster payouts, and players frustrated with overly-complicated or slow bookmakers. If this sounds like you, I genuinely believe you’ll have a great betting experience there.

Still, if you feel unsure and want some alternatives to consider first, that’s perfectly reasonable. It’s always wise to compare a few solid options. To help with that, I’ve made a quick comparision here on my website bettingdude.com, and you’re welcome to explore a bit more before you choose. Good luck!

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