A Comprehensive Review of Coolbet (2023)

Introduction to Coolbet

Established in 2016, Coolbet hit the online betting scene with an innovative and transparent approach to sports betting and online casino gaming. Originally based in Estonia, Coolbet initially focused on European and Scandinavian markets but has since gained popularity in Canada. What sets Coolbet apart is its modern interface and a high level of transparency, allowing bettors to see the bets that the bookmaker is taking. This was achieved by the brainchild of a team of experienced professionals and is now owned by GAN Limited, which is listed on the NASDAQ stock exchange.

What is a Soft Bookmaker and How Does Coolbet Operate

A soft bookmaker is one that adjusts the odds frequently based on market trends and bets placed by the users. They often have higher odds and are suitable for recreational bettors. Coolbet operates as a soft bookmaker and takes this concept to the next level by introducing transparency. It claims to be the first fully transparent online sportsbook, where registered users can see player statistics, incoming bets, and recent winners. This kind of transparency helps bettors make informed decisions.

Benefits of Using Coolbet

Coolbet offers a range of benefits to its users. They offer a welcome bonus of up to $200 for new users. Additionally, Coolbet provides reduced sportsbook margins of just 2-3%, which ensures better odds for bettors. They also offer great coverage of international sports. Their award-winning mobile sports product enhances the betting experience for users on the go. Coolbet also hosts various promotions such as boosted odds and risk-free bets for selected leagues.

Comparing Coolbet to Betting Exchanges and Betting Brokers

Coolbet operates primarily as a soft bookmaker, offering transparency and a traditional sportsbook with a user-friendly interface. On the other hand, betting exchanges like Betfair allow users to set their odds and bet against each other rather than the bookmaker. This often results in better odds and more market choices but may require a more strategic approach. Betting brokers like BFB247 act as intermediaries between bettors and bookmakers, offering accounts with multiple bookmakers and allowing bettors to place large bets at the best odds available without being limited. While Coolbet’s transparency is its USP and it is more suited for recreational bettors, betting exchanges may be favored by experienced bettors looking for better odds and willing to take on the role of the bookmaker. Betting brokers are best suited for professional bettors who want to place large bets across multiple platforms. In terms of user interface and ease of use for casual bettors, Coolbet might be more appealing, while Betfair and BFB247 cater to a more niche audience.

Safety and Reliability of Coolbet

Safety is a paramount concern for online bettors. Coolbet is owned by GAN Limited, a company listed on the NASDAQ, which adds credibility. Moreover, Coolbet is licensed in Estonia, Sweden, and Malta, all of which have strict license regulations regarding customer protection. This ensures that Coolbet adheres to high standards of safety and reliability.

Limitations and Eligibility to Use Coolbet

Coolbet currently accepts new casino players from Canada, Chile, Estonia, Finland, Iceland, Norway, and Sweden. However, it operates in a few other key countries with additional gaming licenses, including the Netherlands, Austria, New Zealand, Czech Republic, Switzerland, and Germany. A notable limitation is the lack of live streaming services on the platform.

Features of the Coolbet Platform

Coolbet boasts an array of features. The Coolbet Sportsbook offers live betting options through its LiveBet Lobby, which is replete with markets and betting lines. The platform also includes the Coolbet Casino, which has approximately 1,200 games including slots, table games, and more, all accessible from the same account. The user-friendly interface enhances the betting experience, and the platform’s transparency is a standout feature.

Opportunities for Betting on a Variety of Sports

With reduced sportsbook margins of 2-3%, Coolbet offers better odds on a wide range of sports. The platform provides extensive coverage of international sports, ensuring that bettors have ample opportunities to place bets on their favorite games and events.

Coolbet’s Promotions and Bonuses

Coolbet offers a 100% match on your first deposit up to $200 as a welcome bonus. Besides, they offer various ongoing promotions such as boosted odds and risk-free bets for selected leagues. Most deals revolve around big events, ensuring that there is alwayssomething exciting for the users to participate in.

Conclusion

Coolbet revolutionizes the online betting landscape with its transparency and wide range of features. With an award-winning mobile platform, generous bonuses, and an extensive sportsbook, it caters to both novice and experienced bettors. While it has some limitations, such as the lack of live streaming, its pros heavily outweigh the cons. For a safe, transparent, and enriching betting experience, Coolbet is a great choice. For more detailed information and alternatives, visit hotbookies.com.