First established in 2013, Cloudbet was one of the first bitcoin sportsbook operators present on the market, and has since grown to become one of the most popular bettings sites operating in the crypto space. Licensed by both E-Gambling Montenegro and Curacao eGaming, Cloudbet is committed to providing a secure gaming environment to its customers, and employs both Cold Storage and Two-Factor Authentication to ensure the safety of any transactions made at the site. With an ever-expanding sportsbook that offers pre-match and live betting markets for a multitude of sporting events, it is sure to say that Cloudbet offers one of the most comprehensive bitcoin sportsbooks.
New customers who register at Cloudbet are eligible to receive a 100% Welcome Bonus that matches the first deposit they make with the site. This bonus amount can be up to the maximum value of 5BTC, for which you can be eligible once you register an account and place your first deposit with the site. Registering a Cloudbet account is a quick and easy process with only two-steps involved, but we will go into more detail about how to register an account later in this review.
Once you have confirmed this new account, you should proceed to place your first deposit at the Cloudbet site. Placing a deposit at Cloudbet using Bitcoin is a fast and simple process - all you need is a Cloudbet account, a Bitcoin Wallet, and Bitcoin. Once you have logged into your new Cloudbet account, you should ensure that ‘bitcoin’ is selected in your account dashboard, then click ‘Deposit’. You will then be provided with a ‘Wallet address’, a string of numbers and letters that you should copy before proceeding to sign in to your Bitcoin wallet. There are a number of Bitcoin wallets that you can choose to use, the steps required to make a transaction are essentially the same for each wallet, but may vary slightly. In your Bitcoin Wallet, you should click ‘Send’, then paste the deposit address that you copied from the Cloudbet site into the field provided. You can then choose how much to send, and finalise the transaction. The transaction should take only a few minutes to complete, and when it has been transferred you will be able to see your new bitcoin balance in your Cloudbet account. It is important to note that your first deposit must be of minimum value 0.01 BTC in order for you to be eligible to receive the Cloudbet sign up offer.
Once this deposit has been placed, you can proceed to the Cloudbet sportsbook and begin betting. The principle of the Cloudbet bonus is simple - for each bet you place at the site you will receive loyalty points, and for every 800 loyalty points you earn, 0.01 BTC will be released. You will have 365 in which you will be eligible to release the bonus amount of up to a total of 5 BTC, and you can see your bitcoin bonus balance on your account dashboard at any time, as well as the amount of loyalty points you need to earn before you can receive the next increment of the bonus. These loyalty points are calculated based on the stake and price of any bets you place at the site, based on the following formula: Loyalty points = stake (in EUR) x price score, where price score is calculated as the square root of the odds (minus one when the odds are in decimal format), and the maximum price score is 1. To see full details of all of the terms and conditions of this sign up offer, you can visit the Cloudbet Promotions page.
Cloudbet in short
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Cloudbet in short
From what we have discussed so far in this review, it is evident that there are plenty of betting markets and opportunities available at the Cloudbet site - from both pre-match and live betting, to an exciting Welcome Bonus. A key aspect of the Cloudbet site is its focus on community, and as such the site is committed to growing and expanding its offerings based on feedback from customers, so do not be surprised to see even further developments to the site in the future. To see an explanation of the types of bets that are on offer at the site, you can visit the ‘Sportsbook Rules’ page.
Methods of Payment
Cloudbet accepts only one currency at their site - bitcoin and bitcoin cash. As such, deposits and withdrawals made at the site must be completed using a Bitcoin Wallet. You can transfer bitcoin to your Cloudbet customer account from this wallet, a process which is almost instantaneous. The minimum amount for both withdrawals and deposits at the site is 0.01 BTC, and there is no listed maximum amount for either transaction.
You might be wondering, what are the advantages of betting with a bitcoin gaming site as opposed to one that uses traditional payment methods? There are, in fact, a number of benefits that come with bitcoin betting - namely that the processing time of withdrawals and deposits is quicker than traditional methods, and there are no costs associated with the processing of your payments. In addition, an account made at a bitcoin betting site such as Cloudbet offers you greater privacy, as the only personal information that you need to supply to create an account is your email address.
For those who are new to the world of cryptocurrency, understanding bitcoin and Bitcoin Cash can seem to be confusing and daunting. Essentially, the principle of Bitcoin is that it is a digital currency that is regulated by a network as opposed to by a central authority. Transactions made using bitcoin are secure and transparent, and you can make bitcoin payments to anywhere in the world. To help you understand the world of Bitcoin and cryptocurrency, the Cloudbet blog offers a number of articles that explain the principles of Bitcoin. From ‘What is Bitcoin, to ‘How to set up your first bitcoin wallet’, to ‘How to buy bitcoin cash’ - all of the information you need to understand Bitcoin is present on this blog.
Cloudbet Desktop Site
The Cloudbet site is one that is easy to navigate, with everything that the site has to offer displayed on the homepage. The promotions on offer at the site are prominently displayed on the homepage, including the site’s Welcome Bonus’, as well as the steps involved in registering a Cloudbet account. At the top of the homepage, you can find the menu used to navigate the site, from their Sportsbook to their Casino, to their Promotions page. While there is no Cloudbet mobile app currently available, a mobile version of the site is offered - so you can navigate to the mobile-compatible site using the browser on your phone, for all the benefits of betting with Cloudbet from the palm of your hand.
Cloudbet Online Rules
As with any online betting site, there are a number of rules in place that must be followed by customers of Cloudbet. While these rules are not overly strict, it is important to ensure that you follow them when gaming at Cloudbet, as they ensure the security of your account, as well as allowing for the Responsible Gaming policy put in place at Hamabet. You can find a full explanation off all of the rules put in place by Cloudbet on their ‘Terms and Conditions’ page - make sure that you read this page carefully to be aware of these conditions, and thus ensure that your account is not penalised.
In addition, you can also find an explanation of the rules of each sport offered at the Cloudbet site on their ‘Sportsbook Rules’ page. If you find that you are not entirely clear on all of the rules associated with a sport you wish to bet on, you can visit this page to brush up on these rules - be it or American Football or Snooker.
Cloudbet Sports: The Offer
The Cloudbet sportsbook offers betting markets on events from almost 20 different sports, both pre-match and live. As such, there will no doubt be exciting betting markets available to new Cloudbet customers around the clock, for the following sports:
Types of Bets at Cloudbet
As online betting comes to be ever more popular, the types of bets that customers can place on online sportsbooks have developed. In addition to the traditional single bet at Cloudbet, you can also place multiple bets on certain fixtures - such as doubles in which the odds of two bets are multiplied together to calculate the potential winnings.
Handicap betting markets are also available at the Cloudbet site - this form of betting market has increasingly grown in popularity in recent years. The principle of a handicap bet is that is levels the difference in quality between two sides in a sporting event - so that if you place a Handicap bet on Chelsea of ‘+2’, it means that the Blues will have to win at by at least two goals in order for your bet to be considered a winner. Another type of handicap bet is also available on the site - the Asian Handicap, which operates on the same principle, but excludes a ‘Draw’ result as a potential outcome.
Cloudbet also offers certain Ante Post betting markets, which allow you to place outright bets on events that are scheduled to take place in the future - and on which the odds are often very favourable. To find out more about the rules associated with the different bets on offer at Cloudbet, you can visit their ‘Sportsbook Rules’ page.
Cloudbet Football Betting
It would be true to say that football has become one of the most popular sports amongst fans of online betting, which can be seen in the increase of betting markets available on football competitions from around the globe. This is evident at Cloudbet, where you can find pre-match and live bets for a vast range of betting markets - more than just the traditional single bet on the outcome of a fixture.
Some of the bets that you can now place on football games include the half time result, the team to score first, and the number of goals expected in the game. Such markets are available on competitions from around the world, so whether it is the UEFA Champions League or the Copa America you want to bet on, you will be able to find plenty of options at Cloudbet.
Live Betting was introduced at the Cloudbet site in 2014, just in time for the Brasil World Cup, to meet the demands of customers of the site. Since then, the range of live bets offered by the site has greatly developed, so you can place in-play bets on a wide variety of sporting events.
One of the reasons why live betting has become so popular in recent years is that the odds associated with an in-play bet change constantly, depending on the events that occur during a match. In this way, you can place a bet on a sporting event when the odds are at their highest during a game - it’s an exciting way to bet.
As of January 2019, Cloudbet also introduced a Live Streaming service to their online sportsbook, as a compliment to the live betting feature they offer. This service allows customers to keep up with the events of their chosen match in real time, so that you can keep track of your live bets.
What’s Good about Cloudbet
Over the course of this review, we have discussed the many offerings available at Cloudbet, and it has become clear that membership at the site offers many advantages. You too can benefit from all the site has to offer - registering with this site takes only a matter of minutes.
Cloudbet Customer Service
If you have any questions or issues about your experience at Cloudbet, you can get in contact with a representative of the site using a couple of methods. Before getting in touch with the team however, it may help to consult the site’s FAQ page or the Cloudbet Blog, as these pages contain plenty of information about all that is on offer at the site.
Should you find that the information you seek is not included in these pages, you can contact a member of the Cloudbet Customer Service team directly using their Live Chat function, or by email at email@example.com.
Registering with Cloudbet
Registering with Cloudbet is a quick, two step authentication process, and is shorter and easier to complete than the method of registration offered by traditional online bookmakers.The reason for this is that Bitcoin is an anonymous system - you do not need to provide your personal details in order to register an account at a Bitcoin bookmaker.
Cloudbet Sign-Up: How to Open an account
To create a new Cloudbet account, there only two steps that you need to follow. The first of these steps is to go to the Cloudbet homepage, and click the green ‘Join’ icon on the top right corner of the page. You will be redirected to a registration form, where you must fill out just three fields - your email address, your chosen password with the site, and your date of birth.
Once you have clicked submit on this form, you will then need to confirm your new account. You will receive an email containing an ‘Activate Account’ to do this, simply click on the link and you will officially be registered as a Cloudbet customer. It’s that simple, you can then proceed to place your first Cloudbet deposit, and then begin betting with the site.
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Review on Cloudbet checked the November 23, 2020 by SportyTrader with an overall score of 7.0 out of 10.