CloudBet Sportsbook Review

CloudBet 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.

A Personal Opinion on CloudBet Sportsbook

Online Sportsbooks Worth Considering

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 withdraw 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 for players.

CloudBet Sportsbook Bonuses

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 Review 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.

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 Support

The one major knock we’ve noticed from players is CloudBet’s support. Unlike many other sites that have live chat and sometimes phone support, they simply offer email support, and that can quite slow at times. However, their email speeds are quite slow compared to competitors. This is an area they need to work on improving.

CloudBet 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.