CobraBet Review: Should You Sign-Up? (December 2024)

Cobrabet is an offshoot of Cobracasino and has only recently become available to Canadian bettors in 2020. In this Cobrabet review, let’s take a deep look at one of the newer betting sites that is available to Canadians.

We’re going to unbiased explore this operator from the perspective of a bettor, taking a look at everything from their sports betting bonuses to their mobile experience and much more. Hopefully, we’ll provide you with the info you need to decide whether Cobrabet is right for you.

No bookmaker is going to be perfect. Each sports betting operator has different areas where they specialize, their strengths. They’ll also have areas where they fall short of the competition, their weaknesses. Let’s take a look at some of the strengths and weaknesses of Cobrabet.

✔️ Cobrabet Strengths

• Combo Boosts: If you are someone that enjoys parlay betting, you’ll find a lot of betting offers on Cobrabet that will be very enticing. Cobrabet has a variety of different Combo Boost bonuses, which give bettors percentage boosts on their multi-bet winnings.
• Payment Options: If you are someone that enjoys betting with different payment methods, there is a lot to find on Cobrabet. They have all the standard options, like Visa, Mastercard, and Interac, and much more. This includes a variety of e-wallets and cryptocurrencies.
• Live Experience: Live betting is something many sports bettors enjoy, and you can do a good bit of live betting with Cobrabet. They have a large variety of sports and markets covered and even have graphics that show what is happening in the game.

❌ Cobrabet Weaknesses

• No Player Props: Player Props are many bettors’ favourite, and I am personally someone who really enjoys betting on player performances. Unfortunately, if you are an avid player prop bettor, you won’t find many thrills on Cobrabet. They lack Player Prop offerings, which is disappointing.
• Limited Customer Support Options: When you are having a hard time with a sportsbook, the one thing that is most important for many people is that you can quickly get in touch with customer support. At Cobrabet, this isn’t the case. The only customer support avenue is an email, which is really slow, and a LIveChat, which I found difficult to use and time-consuming.
• Welcome Bonus Confusion: I found accessing the promotion to be a rather difficult proposition. For starters, it isn’t available on the Cobrabet promo page. You have to find it over at Cobracasino, and I thought that was a bit of an added difficulty. The terms and conditions are vague, and the steps to access the promo are quite unclear.

📋 Conclusion

Cobrabet definitely has some serious weaknesses that could give bettors second thoughts. They do, however, also have some great strengths that many gamblers will find offset the weaknesses.

Cobrabet is a new operator. They have only recently emerged in the Canadian market in the past couple of years and are still a mystery to many. In this review, I’ll break down all you need to know about Cobrabet in as unbiased a way as possible. What I like in a sportsbook may not be what you like, but hopefully, I’ll provide you with as much information as possible.

Let’s start with the welcome package. The Cobrabet welcome package is a little disappointing. The most you can get is $100 worth of Free Bets, and it requires 50 events to see all that. It is also confusing and hard to access. Their other bonuses aren’t phenomenal, in my opinion, either. While I like their combo boosts, it isn’t enough variety.

Their sports coverage is top-notch. They have a huge variety of games and leagues that bettors can choose from. There really is nothing missing the average Canadian bettor would be missing.

I can’t say the same for their sports markets. They have mostly good markets, although they are missing player props. This is something a lot of bettors enjoy, myself included. Their game prop offerings are shallow as well.

Banking with Cobrabet is easy and effective. It is one of the best parts of the operator. They have a variety of different options to choose from. Whether you prefer Interac or crypto, there’s an option for you here. Payout speeds are pretty quick as well.

Customer support isn’t the best with Cobrabet. They have both an email line and LiveChat. The email line takes some time, and the LiveChat was quite slow in my experience. I think an FAQ page and a phone line would do them good.

The mobile experience is solid, if unspectacular. They don’t have a mobile app, which is a disappointment. However, their mobile-optimized website is more than adequate. It is a fine, easy-to-use option that brings the same desktop betting experience to a phone format.

Overall, I think there’s a lot to like here. Cobrabet has excellent sports coverage, a variety of banking options, and some fun features. However, the poor bonuses and promotions, lack of prop markets, and an unexceptional website design hold them back from the higher-level operators.

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Bonuses & Offers: ⭐⭐⭐

The welcome offer wasn’t the most enticing, and the additional bonuses were rather limited.

Betting Variety: ⭐⭐⭐

Lots of sports are covered; however, there is some depth lacking on major sports, with not many player or game props.

Banking Options: ⭐⭐⭐⭐⭐

A wide variety of different banking options, ranging from Interac and Visa to Cryptocurrencies like Bitcoin.

Mobile experience: ⭐⭐⭐⭐

No dedicated mobile app is a detriment. However, they do have a mobile-optimized website.

Payout Speed: ⭐⭐⭐⭐

Not well-known for fast payouts, but they pay within a few days for most of their payment methods, and instantly for some, like Interac e-transfer.

Security: ⭐⭐⭐⭐⭐

They have solid security offerings and a reputation for protecting customers.

Software & Games: ⭐⭐⭐⭐⭐

They have a wide variety of different games available from some of the top casino providers on the internet.

Betting Experience: ⭐⭐⭐⭐

Their betting experience is hindered by a pretty plain website that doesn’t stand out in a major way.

Customer Support: ⭐⭐⭐⭐

Their customer support options are mediocre, with an email and a LiveChat feature that is quite slow.

A Welcome Package is the exclusive bonus sportsbooks provide their users for opening accounts with them. Essentially, it is a sportsbooks way of dangling a carrot to their potential users, offering them something that will make them sign up with them rather than their competitors. Typically, these come in the form of matched deposit bonuses.

For Cobrabet, the bonus is a Free Bet bonus. I would say that overall, I don’t think their bonus is a strong offer. While I like a lot of aspects of their website, this is one I felt was quite disappointing. The instructions to access the bonus are vague, and finding out where it was on the page took quite some time. However, the terms and conditions aren’t bad at all, and you can definitely find some value here overall.

Let’s take a look at exactly what the Cobrabet welcome bonus is.

Cobrabet Welcome Bonus

Up to $150 in Free Bets

How to claim Cobrabet Welcome Bonus

• Step One: Sign Up with Cobrabet and Enter the Promo Code for the Sports Bonus
• Step Two: Place 50 bets of at least 15 CAD on odds of 1.3 or more
• Step Three: At varying intervals, you will receive FreeBets OnlyWin, FreeBetsNoRisk, and FreeBetsAllWin
• Step Four: You can place your FreeBets with odds of 1.01 to 2.0 to be eligible to see winnings

Cobrabet Welcome Bonus Terms and Conditions

The Cobrabet restrictions aren’t the most restrictive; however, there are some important ones to note. Being aware of the different terms and conditions of a bonus is extremely important, as these can completely redefine what the value a bonus provides is.

Here are some of the terms and conditions of Cobrabet.

• Bets must be made of a minimum of $15
• Eligible bets are with odds of 1.3 or more
• You will receive a FreeBets OnlyWin after 4,7,10,15,20,25,30,35 bets.
• You will receive a FreeBet AllWin bet after 45 bets.
• You will receive a FreeBet AllWin bet after 50 bets.
• FreeBets are available with single and combo bets on odds from 1.01 to 2.00
• FreeBets are available for seven days after receipt
• Can’t Cash Out FreeBets

Casino Bonus

100% Matched First Deposit Up to $500 with 250 Free Spins

First Crypto Deposit Bonus

100% Matched Deposit up to 1.5 BTC

We’ve told you a little about the welcome package at Cobrabet, but that is far from all that they offer. Almost every sportsbook also provides general promotions. These are different bonuses that boost the way you play. There are a huge number of different types of sports betting bonuses.

Typically, a sports betting bonus will be tied to things like major sporting events to drive bettor action. They can be anything from a free bet for a certain market, boosted odds for specific games, and even giveaways and prize draws.

Unfortunately, the Cobrabet promotions leave a little to be desired. There really aren’t a lot of different promotions available on their sports promotion page. What they do have is a variety of different Combo boosts. These are promos that augment winnings from parlays by a certain percentage, depending on how many legs the parlay had.

Let’s look at some of the different parlay boosts available on Cobrabet.

ComboUSA:

Up to 25% boost on parlays with three or more events. Pays an additional 25% if bettor hits a parlay of 15-999 events on any sport.

ComboSoccer:

Up to 30% boost on parlay winnings with three or more events. Pays the maximum 30% on soccer parlays with 11-999 events.

Casino bonuses:

Sportsbooks aren’t the only aspect of an operator that provides bonuses to their users. Casino users can also access a large number of different promotions that help them get the most out of their online betting experience.

There are a lot of different kinds of bonuses casinos will often offer. There are free spins, where users get free spins of the virtual slot machines, card jackpots, where certain card draws pay out big winnings, and VIP programs, where bets accumulate points, which can then be exchanged for cash prizes.

The Cobrabet casino has a lot of different promotional offerings, significantly more than the sportsbook. Let’s look at some of the different casino bonuses you can find here.

Tuesday Free Spins: Free spins correlated to certain deposits on Tuesdays, including 100 Free Spins for a $100 deposit.

Birthday Bonus: 100% Matched Deposit up to $150 on bettors birthday

Highroller Bonus: 30% Matched Deposit Up to $1,000, available twice a month with code VIP30

Features are the distinguishing ways to use an operator that make them stand out. They are the unique offerings they provide that set them apart. Features are extremely important parts of a sportsbook because they are essentially the defining selling points they offer. Let’s look at some of the defining features you can find on Cobrabet.

Cobrabet Live Betting

Live Betting is a feature that many websites have, but it is an extremely important one. Cobrabet Live Betting feature allows bettors to place bets on games that are already underway. The odds change based on what is happening throughout the game.

Cobrabet Specials

Specials are a fun feature that allows bettors to place bets on things that are far removed from the world of sports. On Cobrabet Specials section, you can find a lot of fun things to place bets on. You can bet on everything from who the next U.S president will be to the Oscar winner for best director.

Cobrabet Crypto Betting

Cryptocurrency is all the rage these days, allowing people to invest and spend with virtual currency. Cobrabet is one of the sports betting sites that allow for crypto deposits and withdrawals. This is a fun feature that allows fans of cryptocurrency to utilize the coins and currency they love.

Cobrabet Statistic Center

The Statistic Center is a great resource for bettors that want to find additional information. The Cobrabets Statistic Center takes you to a website that offers comprehensive statistical analysis on upcoming betting events. You can find important facts here that will guide your major betting decisions.

The most important thing for most sports bettors is the actual sports betting experience. This is composed of several things, but one of the most important is the sports coverage that an operator offers. Sports coverage is the different sports, leagues, and games that are available to be bet upon on the website.

Cobrabet has an extensive collection of different sports that bettors can engage with. They have the primary options that Canadian bettors would look for, like baseball, hockey, basketball, football, and soccer. They cover all the main leagues in these sports.

Additionally, they have a variety of niche sports on the website that bettors can find. This includes everything from Bandy and Futsal to Floorball and Ski Jumping. Let’s look at some of the specific sports and leagues you can expect to find on Cobrabet.

Cobrabet Baseball ⚾

Want to place MLB bets on the timeless game that has been played in America and Canada since the 1800s? Cobrabet is the place to go. They have extensive coverage of the MLB. They don’t cover other leagues around the world, though.

Cobrabet Basketball 🏀

Basketball went from a sport invented by a Canadian to a massive global game. For such a worldwide sport, Cobrabet has worldwide coverage. You can, of course, make a variety of NBA bets, but they also cover leagues across Europe, Asia, and Australia.

Cobrabet Football 🏈

No sport attracts more bettor enthusiasm in Canada and America than football. Cobrabet will satisfy the demands of the rabid bettors in the U.S and Canada. They provide extensive coverage of both the NFL, NCAA, and the CFL.

Cobrabet Hockey 🏒

Across Canada, the U.S, and Europe, hockey is played in front of some wildly enthusiastic fans. If you want to place some major hockey bets, head to Cobrabet. Bettors can find a massive number of major and minor leagues to bet on here. They can NHL bet, enjoy markets across Europe, and even bet on the QMJHL, OHL, and WHL.

Cobrabet Soccer ⚽

You can’t be a major operator without providing serious coverage of the biggest sport in the world. That’s what Cobrabet does. They cover just about every league any bettor would want, from Europe to South America and Africa.

Cobrabet sponsorship deals

Cobrabet is a relatively new operator. They’ve barely been established for more than a year. They don’t have any major sponsorship deals right now.

We’ve told you a bit about the sports you can find available on Cobrabet, but what about the betting markets and the types of bets? These are the different things within the game that bettors are actually betting on. They’re the specific odds and outcomes that oddsmakers are projecting will happen or won’t. Every sportsbook has a different selection of unique markets and types of bets. Let’s dive into Cobrabet.

Cobrabet Betting Markets:

• Moneyline: Moneyline bets are the simplest kinds of bets. They are a bet that is directly on the outcome of a game. If you bet a team on the Moneyline, you’ve picked them to win the game.
• Point Spread: The Point Spread is the line that represents the projected score differential in a game in favour of a team. Bettors can bet for the spread, meaning they think the team will win by that number or more, or against it, meaning they don’t.
• Total: The Total is a line that oddsmakers have created that represents what they believe the total amount of points or goals scored in a game will be between both teams combined. Bettors can bet the over, meaning they think there will be more, or the under, meaning they think there will be less.
• Outrights: Outrights are also called Future bets, but on Cobrabet, they’re called Outrights. An Outright is on a long-term outcome rather than a single regular-season game. An example would be something like who will win the World Cup or who will be the MLB MVP.
• Game Props: Game Props are a market based on outcomes within a game that may not have a direct outcome on the final score. They’re on certain circumstances occurring within a game. An example of some of the Game Props you can find on Cobrabet is who will win a quarter in an NFL game, whether the final score for a team will be odd or even, and so on.

Cobrabet Types of Bets Available

• Live Betting:Live Betting is placing bets on a sporting event that is already underway. The odds change and update as the results of the game occur, so if a team goes down, their odds will also drop.
• Parlay Betting: Parlay Betting is when multiple bets are tied under the umbrella of one, boosting the overall payout if it hits. But in order for a parlay/multi/combo to hit, all legs need to. So if you tie 12 different bets into a parlay and 11 hits, the overall parlay doesn’t hit, and the bet fails.

There are many different sportsbooks that provide a mobile experience for their users. One of the ways they can do that is by offering a mobile app. A mobile app allows iOS or Android users to download an application by the operator that brings the desktop version of a sportsbook to the phone. There are a lot of advantages to this. It lets users bet from wherever they are, with ease, on a mobile-friendly format.

Cobrabet doesn’t have a mobile app available to Canadian users, unfortunately. However, the other mobile option some operators provide is available on Cobrabet. This is a mobile-optimized website. It is a version of a desktop website that is specifically formatted to be used on smartphone browsers. The Cobrabet mobile-optimized website is a solid if unspectacular mobile offering.

This website is easy to use and effective. However, it doesn’t look as good as the websites other competitors provide. Still, it is a fine option in a pinch. To use it, you scroll around with your finger and tap to place bets. It saves your login details, so it is easy to access and place bets on the fly.

Overall, the Cobrabet mobile betting experience is middle of the pack. They lack a mobile app, but their mobile-optimized website is solid and brings a similar experience.

👉 Click here if you’re looking for the best sports betting apps in Canada

Mobile app’s promotions

There is no Cobrabet mobile app, so there are no promotions for using the Cobrabet mobile version. However, you can access all the usual Cobrabet promotions from your phone.

Since you’ve heard a little about Cobrabet the different features and promotions they offer, you’re probably feeling ready to get started. In order to do that, you’re going to need to fund your account. This will require you to bank with Cobrabet. Cobrabet is a licensed and registered operator, so if you’re feeling nervous about this, don’t be.

Cobrabet has a large number of different banking options available. This is one of the best parts of using the operator. They have a huge supply of methods. You can use Visa, MasterCard, Interac, a variety of e-wallets, cryptocurrency, and more.

The minimum deposit is typically from $10-15, depending on the method you used. I deposited with Interac, as I’ve always found it fast and effective. I deposited the minimum, and it immediately hit my account.

For withdrawals, certain payment options take longer than others. Cards and wire transfers take a long time. They take roughly 3-5 business days. For e-wallets, cryptocurrency, and Interac, payouts are much faster. You can get your money back often immediately.

Overall, the payment experience at Cobrabet is solid. They have great options, a quick payment speed for most methods, and a quick process.

It is absolutely critical when you use an operator that you are sure it is safe and legal. If Cobrabet isn’t safe and legal, it shouldn’t be used. Luckily, Cobrabet is fully legal and safe to use.

Online betting with offshore operators like Cobrabet is fully legal in Canada. Canadians have every legal right to use Cobrabet. It is also a regulated and licensed operator. It is licensed under the authority of Curacao, as well as the government of Cyprus, which means there are two large, respected bodies that oversee them.

At BettingTop10, we only review and share information on licensed, secure, legal operators. We would never recommend to our users something that isn’t fully legal and safe. With that in mind, we wholeheartedly say that Cobrabet can be trusted. They have rigid policies instilled by multiple regulators, and bettors can feel their personal and payment information is in good hands.

If you ever run into an issue with a sportsbook, customer support is going to become critical. Customer support is how an operator helps you deal with your problems the different pathways they provide their users to get in touch with their team and solve concerns.

Cobrabet customer support options aren’t the greatest, in my opinion. They have two primary options a user can pursue. For starters, you can reach their email line. You can write them your complaint, wait an undisclosed period, and they will eventually get back to you with a solution to your problem.

They also have a LiveChat option. You have to input your name and your email address, and then you will be connected with a representative and be able to message back and forth. I went with this option and was a little disappointed with the wait time to get in touch with a team member. However, when I did get in touch, they were friendly and helpful.

There is no FAQ page and no phone line; two major options they are missing. However, the two options they do have are mostly adequate and will help bettors solve just about any problem they are dealing with.

Using an operator you’re unfamiliar with is an adjustment. It takes some time to familiarize yourself, and there can certainly be some snags along the way. Cobrabet is a new sportsbook, and customers may find themselves a little lost at first. With that in mind, we’ve prepared a quick guide encompassing key things like opening an account, placing a bet, and claiming a promo.

How to open an account on Cobrabet

Opening an account is as easy as it can possibly get. I haven’t ever used a sportsbook that requires less information from its users. They didn’t ask what my address was, what country I was located in, and more. They do require some of this info with the deposit process, but for the Sign Up, it is as easy as can be. Let’s quickly break down how to open an account on Cobrabet.

How to Open an Account:

• Step One: Visit sports.cobracasino.com
• Step Two: Click Create an Account
• Step Three: Input Your Email and a Password
• Step Four: Verify Your Email
• Step Five: You are Now Clear to Enjoy Cobrabet!

How to place a bet

We’ve told you about the different sports covered, and the markets you can find with Cobrabet. You’re probably feeling ready to start making some bets of your own. This is an easy and simple process, similar to other sportsbooks online. Here’s a quick breakdown of how you can place bets with Cobrabet.

• Step One: Visit sports.cobrasino.com
• Step Two: Find and click on the sport you want to bet on the left-hand toolbar
• Step Three: Click on the game you’re interested in within the sport
• Step Four: Click on the market you want to bet on within the game. This will make the bet slip pop up
• Step Five: Input how much you want to bet. Make sure it is an amount you’re okay with losing!
• Step Six: Click Place Bet, and good luck!

How to Claim a Bonus

Bonuses and promotions are a great part of using an operator online. Bettors can earn some serious additional winnings. Here’s how to claim a bonus with Cobrabet.

• Step One: Visit sports.cobracasino.com
• Step Two: Click on the Sports Promo page
• Step Three: Browse the bonuses, and click on the one you want to engage with
• Step Four: Read the terms and conditions! These will let you know the value you are actually receiving from the promo.
• Step Five: Follow the instructions under the promo to find out how to use it. The Cobrabet promos often contain a promo code.
• Step Six: Enjoy the bonus!

Cobrabet is an extremely new operator that hasn’t fully found its way into the mainstream yet. With that comes a certain degree of confusion and certainly some questions. Well, at BettingTop10, we are here to help. If you have questions about Cobrabet, we’ve got answers. Here are the answers to some of the most frequently asked questions about this new sportsbook.

❔ Where Can I Find the Cobrabet Welcome Bonus?

This is trickier than on most operators. The Cobrabet welcome bonus isn’t even on Cobrabet; it is on Cobracasino. Visit the promo section on Cobracasino, and you can see the welcome package and the various terms and conditions within it.

❔ Can I Change the Odds Available on Cobrabet?

If you don’t like the type of odds on display with Cobrabet, you can switch them at the top of your screen. Cobrabet actually has more kinds of odds available than I’ve seen on any other operator. They have odd types based on countries, including Hong Kong, Malaysia, the U.S.A, Great Britain, and more.

❔ Do Certain Kinds of Payment Methods Process Withdrawals Faster?

Yes. For certain types of payment methods, you’re going to find yourself waiting quite a long time, but with others, you can receive your withdrawals nearly instantly. The ones you should note that are really fast include e-wallets like ecoPayz and Neteller, Interac e-transfer, and cryptocurrency.

Features: Live Betting, Crypto Betting, Statistics Center, Specials
Sports covered: Baseball, Basketball, Football, Hockey, Soccer
Apps: No dedicated mobile app
Payment options: Visa/Mastercard, Interac, Skrill, Neteller, Cryptocurrency
Contact information: Email