CloudBet Sportsbook Review
CloudBet opened their doors in November 2013. They accept only though bitcoin and operate exclusively in the crypto-currency. As with almost all Bitcoin gambling sites, CloudBet takes players from anywhere in the world.
The sportsbook is located in the Netherlands Antilles where they house their management and service staff, along with their servers. The team behind CloudBet has a long history in the gambling industry, boasting oddsmakers and managers have been in the business for more than a decade.
They offer two-factor authorization for added security and hold the majority of their funds in cold storage. The latter is standard practice at most bitcoin-based sportsbooks. In addition, to offering a full-service sportsbook, they have a Las Vegas style online casino and live dealer casino offerings.
June 2018 Safest Betting Sites
A Personal Opinion on CloudBet Sportsbook
What We Like About CloudBet
Their betting software and website design and layout are fantastic. They also have the best mobile client out of any bitcoin sportsbook. It easily rivals some of the best in the entire industry concerning mobile products.
Regarding betting limits on the primary markets, CloudBet trumps the rest of the bitcoin betting the world by a large margin. They offer great betting limits compared to many other sites in the industry and for bettors in the United States, their limits are some of highest for larger markets.
For deposit bonuses, they also offered the largest we’ve seen at a bitcoin sportsbook. They’re also one of the few sportsbooks that offer zero confirmation deposits.
What We Like Don’t Like About CloudBet
Though they have large betting limits, they don’t offer odds quite as strong of odds at many competing bitcoin-based sportsbooks, especially those who have reduced juice options. Their markets are expansive, but they don’t have basic or more advanced bet types, such as teasers and if-bets and reverses. Their parlays only go up to seven teams as well.
Another small issue is with support. While support has been solid, it’s much slower than other sites. When they opened their doors emails were answered much faster, usually within a few hours but this has deteriorated to 10+ hours in recent months.
In 2016, Sportsbook Review began to receive complaints about CloudBet’s software when it came to grading wagers. Several complaints allege that CloudBet graded wagers incorrectly and are taking too long to grade bets. Many also report errors when trying to place bets on certain markets.
Software errors that don’t allow customers to wager, along with slow or incorrect grading of some markets is especially worrisome. CloudBet’s software looks fantastic, and their markets are huge, but apparently, there are plenty of issues with placing bets and having them graded quickly.
CloudBet Betting Site – Deposits and Withdrawals
They are one of the few bitcoin sportsbooks to offer zero confirmation deposits. This means that the blockchain doesn’t need to confirm the transaction before your bitcoins are credited to your account balance. Because of this, deposits are available nearly instantly and at the most a matter of 5-10 minutes.
Withdrawals can be made automatically for the most part. Most players can withdrawal after their deposit gets three confirmations. Some requests may take up to 24 hours, however. As with all bitcoin sportsbooks, withdrawals are free to process to players.
CloudBet Sportsbook Bonuses
5.0 BTC Deposit Bonus
If you’re a Bitcoin sports bettor, and a deposit bonus is a crucial factor for you when picking a sportsbook, CloudBet has the biggest, by a considerable margin. For new depositors, they offer a 100% Match Bonus up to 5.0 BTC. It is worth noting that the attached rollover with this bonus is a whopping 10x. That’s certainly on the high end regarding rollovers and makes this bonus considerably less valuable. However, bettors will have a full year (365 days) to clear their deposit bonus.
The bonus is released as players earn CloudBet Loyalty Points. For every 800 points earned, 0.01 of the bonus is released. The bonus takes quite a while to clear using their rewards system but can be unlocked through wagering at the sportsbook or casino. The Loyalty Points don’t seem to have much of a purpose other than for clearing bonuses, which is a bit of a disappointment. They don’t have a VIP program or any other rewards system that is utilized to reward high volume players.
CloudBet Sportsbook Highlights
CloudBet has an impressive platform and is a no-nonsense sportsbook. They don’t have a blog or a guide to their wagers, which may have some less experienced bettors feeling intimated. Bettors log in, and they are greeted with endless screens of sports betting odds. They offer three odds types, fractional, decimal and American which can easily be changed at the top of each page.
In terms of sports offered, they’re not quite as expansive as Nitrogen or BetCoin, but they’re close. Just about every sport has sport in the world is represented and popular sports, such as soccer, basketball and baseball have leagues from all over the world. Each game has its fair share of markets, but team and player propositions are one area the sportsbook lacks. Also, as we mentioned above, they don’t offer teasers for football or basketball, something that may drive some bettors away from the book.
One area where they’re above-average is live betting. They have live options for just about every sport they offer, including obscure sports like women’s volleyball. For some contests, they simply have adjusted sides and totals, but for more popular events, they have an assortment of different wagers.
Large Wagering Limits
CloudBet trumps just about every other Bitcoin sportsbook in the market with their betting limits. They also offer a minimum bet of 0.001 BTC for those looking to wager smaller amounts. CloudBet’s limits won’t be static and will be adjusted depending on how much action is on a contest. For instance, for high liquidity markets, like the NBA or NFL Playoffs bettors can wager up to 200 BTC.
CloudBet Sportsbook Review – Overall
CloudBet won’t wow players when it comes to overall odds or abundance of bet types, but they do have an awesome selection of sports to wager on and the biggest deposit bonus around at 5.0 BTC for new players. Their massive betting limits also make them attractive. However, there are some downsides. The issues with their software and grading problems have knocked them down a bit in our book.
100% Up To $100 Bonus
- Lots of promotions throughout the year.
- Betway Plus rewards program for players.
50% Up To $250 Bonus
- Soft Odds Compared to Other Sportsbooks
- One of the Fastest Sites to Process Payouts