The film received mostly positive reviews. Critic Roger Ebert notes of Nolte: "it is clear, that he was born to play Bob. It is one of those performances that flows unhindered from an actor's deepest instincts."[4]
Reviewer Pam Grady, writing for Reel.com, also praised the film: "The Good Thief has many virtues, beginning with the sheer wit of Jordan's screenplay and Chris Menges's neon-saturated cinematography that renders Nice both beautiful and sinister, trapping the characters in the glare of its lights. The heist itself is a complicated affair — Jordan took Melville's original idea and added a distinctly 21st-century twist — and all the more satisfying for it."[5]
The film holds a 77% 'fresh' rating on Rotten Tomatoes, based on 146 reviews, and an average rating of 6.9/10. The website's critical consensus reads, "Bolstered by Nolte's strong performance, The Good Thief brims with seductive style."[6] On Metacritic, the film has a weighted average score of 68 out of 100, based on 37 critics, indicating "generally favorable reviews".[7]