- Overall Rating: 4 stars
- Bonus Rating: 5 stars
- Deposit Bonus: 100%, up to 5 BTC
- Official Website: Cloudbet.com
Looking for a site where you can gamble with bitcoin? In this case, CloudBet is a sportsbook and casino where you can deposit, wager, and withdraw using cryptocurrencies. This is a great way to bet online if you want to keep your activities private and secure. The website is owned by a company called CB Holdings and is licensed by E-Gambling Montenegro.
Some standout features include:
- Deposit and withdraw quickly and easily in bitcoin and bitcoin cash.
- All funds are safe in cold storage.
- Low minimum deposit (just 0.001 BTC).
- 100% match bonus up to 5 BTC.
- Live sports betting is available.
- Remain fully anonymous as you bet.
Let’s check it out in-depth!
Is Cloudbet Legit? Are they an Honest Sportsbook or a Scam Site?
Cloudbet appears to be legit. I trust them with my bitcoin for betting.
Here is what I like and leads towards trusting them:
- Active thread since 2013 on the bitcointalk.org forums.
- An overall positive reddit consensus (even the scam warnings seem to be user issues more than cloudbet.
- Confirmed consistent withdrawals
- Readily available support.
Bonuses and Promotions
Now, this isn’t a full page for promo codes or to help Cloudbet brag about special deals going on, but there still is something you should hear about before it’s too late!
From the 19th of March until the 9th of April, if you make as little as a 0.0001 wager on March Madness, the NBA, or the PBA, you will be entered into a raffle type drawing to win 1 BTC!
You can earn up to 50 tickets per day with this, making sure you’ve got a pretty solid chance of winning this!
Of course, there are some Terms and Conditions that apply to this, but nothing out of the ordinary. You can read them yourself by clicking here and then just looking to the right, right underneath the “Join Now” box.
Now that that’s out of the way, let’s get back to the other stuff you need to know!
If you sign up on CloudBet, right now there is a 100% match bonus of up to 5 BTC available.
If you are familiar with Bitcoin exchange rates, you know that this is a lot of money.
All you need to do in order to get this bonus is create your account, confirm it via email, and make your initial deposit.
The deposit amount will typically be credited within seconds.
The bonus however needs to be accrued, and in this sense it works like a loyalty program.
You wager on sports and play the casino games the site offers, and this helps you earn points. For every 800 loyalty points you accumulate, you earn 0.01 bitcoin. You are given 365 days to accumulate as many loyalty points as possible toward your maximum possible reward.
Interestingly enough, I saw nothing about turnover requirements to satisfy to withdraw the bonus money, so it appears that once it is credited to your account, it is yours to use or withdraw as you like.
Along with this match deposit bonus, CloudBet also provides specific promotions on special events.
For example, right now you can score bonuses up to 50 mBTC on certain NCAA and NFL games.
There is also a cool promotion on the US Open. If you wager on any match in the US Open, you have a chance to earn points. You get one point for every 10 mBTC you wager at odds of 1.50 and up. The top ten players then get to split shares of a 2.5 BTC bonus.
They have similar promotions all throughout the year.
Sports Available For Wagering
Here are all of the sports you can bet on at CloudBet:
- American Football / NFL
- Aussie Rules
- Ice Hockey
- Motor Sport
- Table Tennis
- Winter Sports
Betting Types Available
What types of bets can you place on CloudBet? There is a huge list. Here are just a few of the types of wagers which are offered:
- Straight bets on teams or players to win or lose
- 1st half bets
- 2nd half bets
- Double chance
- Draw no bet
- Exact bookings
- Goals scored
- Highest scoring half
- First player to score
- Last player to score
The types of bets you will find listed depend on the sports you are betting on. Some sports (like soccer) have a lot more bet types available than others.
Enjoy casino games? Along with sports betting, CloudBet also offers slots, jackpot slots, video poker, bingo, keno, and table games. There is a live casino as well featuring roulette, baccarat, and blackjack.
Deposits & Withdrawals
You can get started on CloudBet with a low minimum deposit of 0.001 BTC. Incidentally, this is also the minimum withdrawal amount, and it is the minimum bet size as well. There is no maximum deposit; you can add as much money to your betting account as you want. There is no maximum withdrawal amount either.
One of the best things about betting with bitcoin is that you do not need to wait for hours or days for your deposits and withdrawals to be processed. The majority of transactions are processed almost instantaneously.
Something else that is awesome about CloudBet is that you do not need to provide any personal information when you sign up, deposit, or withdraw!
You just need to register using a valid email address, and connect to your Bitcoin wallet. That’s it.
So if you have privacy concerns, CloudBet is the perfect place for you to gamble.
In terms of security, the funds you deposit are kept offline in cold storage, which keeps them safe from hackers. You can also secure your account using two-factor authentication.
CloudBet says on its terms and conditions page that it “reserves the right to apply a handling charge of up to 5% on deposits and withdrawals to cover transaction costs.”
In the FAQ, however, it states that there are “no payment processing costs” associated with bitcoin. So I would gather based on this that the site may not be charging fees at this time, but may introduce a 5% fee at its discretion.
Are USA Players Allowed to Wager at CloudBet? (No)
Sorry, but quite simply, nope.
There was a time when US players could in fact play at Cloudbet despite an article floating around on the internet about an end coming to that fact. Unfortunately, it did come true and the US has been banned.
Will there come a time in the future when they’re let back in? This author hopes so. Naturally we will update if that is to happen.
For the time being, you can check out all of our other reviews and find yourself a casino that is Yank friendly.
What Are The Wager Limits At CloudBet?
There are wager limits on CloudBet, but they vary based on the liquidity of an event and how soon it is taking place.
If you attempt to exceed the maximum wager, the site will automatically reduce your stake to the maximum bet size allowed.
Betting limits also vary from one customer to the next.
The site provides no information on this, save to say that you can talk to customer service about having your limits increased if you want. To do that, you need to contact email@example.com.
Customer service on CloudBet is offered via email and live chat. I tried to get a hold of someone on live chat during a weekday, but the system told me that the agents were extremely busy, and offered me the option of leaving my email address instead.
I opted to wait another 20 minutes. Nobody ever showed up.
Hopefully this is because the agents really were busy, not because they were not there. In any case, I appreciate that the system did not simply kick me off the line, and at least provided me with options for getting in touch.
Most chat lines on other sites will just kick you off and give you a form to fill out, which makes me think they are never staffed. That does not appear to be the case here.
3 Reasons To Play At CloudBet
Here are a few benefits of wagering at CloudBet instead of at your local betting shop or another site which doesn’t take bitcoin:
You can preserve your privacy. While sports betting is an incredibly popular activity, there is stigma surrounding it in some places—not to mention geographical barriers. CloudBet allows you to bet no matter where you are located without worrying about others prying into what you are doing.
CloudBet has very reasonable minimums. If you only have a small amount of bitcoin to bet with, you can get started here without a problem. But if you have a lot of bitcoin to bet, you can feasibly get a bonus as high as 5 BTC. Because it is awarded to you as a loyalty bonus, you do not need to worry about any further turnover requirements to withdraw it.
There are plenty of betting markets to choose from on CloudBet, and for certain sports, numerous different types of wagers are available. You will never get bored betting here!
Pros & Cons
Final Thoughts: CloudBet Is Knocking Down Barriers for Gamblers Around the World
To summarize, it can be frustrating looking for a solid sports betting site if you are located in the USA or another country which is commonly geo-blocked. CloudBet however has no geographical restrictions and allows for totally anonymous sports betting. For bitcoin gamblers who want to stay anonymous and take advantage of fabulous promotions, CloudBet is an exciting choice!