CloudBet

CloudBet Overview

CloudBet currently has the largest range of Bitcoin sporting events that gamblers are able to bet on. CloudBet operates in two main areas of Sports Betting and Casino games with the ability to bet in live Sports Betting and Live Casino games.

CloudBet offers excellent customer service where you are able to talk to real people and they have one of the biggest sign-up bonuses available today. Additionally it offers fast and secure deposit and withdrawals (utilizing the benefits of Bitcoin transactions) and it has a cold storage facility keeping Bitcoins stored off-line to ensure the accounts cannot be hacked. A brief summary of Sporting events that gamblers can bet on at CloudBet include:

    • American Football
    • Baseball
    • Basketball
    • Cricket
    • Cycling
    • Golf
    • Ice Hockey
    • MMA
    • Motor Sports
    • Ruby Union
    • Rugby League
    • Soccer
    • Tennis

Bonuses

Cloudbet Sports Betting

CloudBet currently offers a large first deposit bonus which include:

Matching players first Bitcoin deposit 100% up to a maximum of five Bitcoins. Additionally, CloudBet offers a reward system where the more you wager the more rewards you gain. This is important to read after making your initial deposit as a certain number of reward points are required before the deposit bonus can be withdrawn.

Basic Betting Overview

Maximum and Minimum Wages

The maximum starting wager is dependent on the sporting event (some events have a maximum bet of 50 Bitcoins) which you are wagering on, so it is critical to check this before putting your bet on. However, if you place a bet bigger than the maximum allowed CloudBet will review your bet on a case by case situation and may allow it. The minimum wager is currently 0.001 Bitcoins.

Payment Methods

Gambling on the Cloudbet site can be done with bitcoin, ethereum, cash, or even Tether. They also offer a wide variety of cryptocurrency options.

Did you know that you can fund your account with a credit card as well on this site?

You, like their other customers, will appreciate the fact that they have been offering quality bitcoin betting since at least mid-2013. That means they have experience and staying power as they’ve been around for more than seven years.

As such, Cloudbet is highly regarded in the general betting community because it innovates, provides a seamless experience, and aims to get better by providing a wide variety of payment options.

They strive each day to integrate more bitcoin payment options for people to take to advantage of in their regular speculative activities on Cloudbet.

How long do withdrawals take?

All winnings are paid out within 24 hours of the sporting event ending (usually much faster) and withdraws can be conducted immediately and 24 hours a day, 7 days a week.

Account Registration

Account registration on Cloudbet is straightforward. The truth is that they probably make it much more simple than other platforms. To sign up to their platform, simply go to the upper right-hand corner, click on the green “JOIN” button.

Once you are there, you will see that you can authenticate or sign up with your Facebook or Google account or input an email and password. Check a box that states you are over the legal age for gambling and press join.

It really is a seamless sign-up process that enables you to breeze through registration with just a click or two. The less friction present in the sign-up process, the better off everyone is in the long run. Right? You don’t want to sit around and take forever while joining a new platform, it can be tedious and tiring. That is why users appreciate their simple sign up process.

They take privacy and security extremely seriously which is obvious with the storage structure of their Bitcoins being off-line in cold wallets. However, Accounts are set up usually within 5 minutes and deposits are credited immediately with zero confirmations required. Like most Bitcoin sites withdrawals are allowed once your deposit has reached 3 confirmations (as a rule of thumb 30 minutes after sending the funds).

CloudBet Sports Betting screen-shot taken on the 18th of May 2014

Country Restrictions

Unfortunately, the usual suspects are not in play. Countries such as the United States, the United Kingdom, Singapore, and Hong Kong, do not have the opportunity to play on CloudBet.

These restrictions were fairly recently put in place and disallows people from these regions. It is indeed very unfortunate, but it is something that they must do to stay in line with global regulations. While many people are drawn to the blockchain-based sector due to the unification and non-border aspects of the matter, private entities must still heed to governments.

Conversely, their compliance with the law shows that they are in the business for the long haul and want to make sure that they can continue to serve their audience continuously each year.

Bottom Line

CloudBet has the largest range of Sporting events that punters can bet on with Bitcoins. They also has the largest signup bonus we have seen in the bitcoin gambling world to date of matching an initial deposit up to 5 Bitcoins. They also has the unique offering of betting on sporting events live with Bitcoins. We are currently unaware of any complaints or issues that players have had with CloudBet so we believe they are safe, reliable, offering good anonymity and are secure!

If you have any feedback about CloudBet please let us know!

  1. Thanks for hints. Good help in deciding which site to go. Keep it up.

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