Cloudbet

Cloudbet Rewiew

CloudBet was among the first bookmaker to offer crypto betting services. Are they still the best? What services do they offer its patrons? Read our CloudBet sportsbook review to get your answers.

Introduction

First founded in 2012 by Leandro Rossi, CloudBet was the first ever online sports betting platform of its kind. They changed how people played their casino games and gambled by introducing a brand backed purely by cryptocurrencies.

More than a decade later, CloudBet has become a household name, serving more than 300,000 happy bettors globally. They have a fantastic in-play betting feature, live streaming services covering multiple sporting events, and a wide range of sports and markets to bet on. These are accompanied by decent odds margins.

You can also look forward to unique features such as virtual sports betting, powered by in-house software. Because the software is in-house, they can offer competitive odds, especially for virtual horse racing and football betting.

CloudBet is licensed and regulated by the Government of Curacao under license No. 1668/JAZ. CloudBet is committed to offering responsible gaming and is dedicated to an enjoyable and positive bitcoin betting experience.

key information

Launch Year : 2012
Licensed By : Government of Curacao
Software Providers : Information Not Readily Available
Compatibility : PC, iOS, Android, Windows, and BlackBerry
Accepts US, UK, and AU players : No US or UK
Customer Support : Email, Live Chat, and Community
Types : Sportsbook
Other Products : Online casino and live dealer platform
Currencies : Algorand, Avalanche, Bitcoin Cash, Binance Coin, Binance USD, Bitcoin, Cardano, Chainlink, DAI, Dash, DogeCoin, Polkadot, Ethereum, Fantom, Litecoin, Link coin, Polygon, PAX Gold, Ripple, Shiba Inu, Solana, Stellar, Tether, TerraUSD, Uniswap, USD Coin, and USDP.
Language Supported : English

pros

Low margin odds
A perked loyalty club
All the bitcoin at CloudBet is kept offline in cold storage
One of the best virtual sports betting features

cons

There’s a 24-hour withdrawal pending time
A $10 fee on deposits
Slow response to emails

Bonus and Promotions

As for promotions is concerned, I can only see the “Zero Margin Sports Bets” offer. This ensures you get the best prices on NBA, NFL, MLB, NHL, MMA, soccer, and tennis events. The zero-margin-sports bets promotions cover only selected markets. Visit the promotions page to get the full terms and conditions and the markets covered.

CloudBet recently introduced a loyalty program for their sports section, which everyone is enrolled in as long as they have an account.

The loyalty program is split into six tiers. While the online casino offers different perks ranging from free spins, priority customer support, unique bonuses and an account manager, sports bettors can only benefit from two. You earn cashbacks on your bets and have access to an account manager. The cashback you get has rollover requirements, which vary depending on your enrolled tier.

Can I Win Money Betting at CloudBet Sportsbook?

You can win money betting at CloudBet sportsbook because they are licensed and regulated, offer a wide variety of sports betting events, have enough markets to accompany the events, support innovative features to make it seamless to bet, and support several currencies

1. CloudBet Is Licensed and Regulated

Holding a license means you are guaranteed a fair betting experience. One of the license’s conditions is to ensure the betting site offers a fair betting experience in a safe and secure gaming environment.

2. They Support a Wide Variety of Sports Betting Events

CloudBet offers 25 sporting events to wager on. Popular events such as football, horse racing, tennis, golf, rugby, and cricket are all represented. Niche sports such as eSports, badminton, and Kabadii are included in the portfolio too. All these give you plenty of betting and winning opportunities

3. Plenty Of Markets to Pick From

The selection of betting markets also gives you high winning opportunities. Niche sport betting events have an average of about 30 markets, while the popular events have up to 100 markets. Usually, the more the markets, the more the winning opportunities

4. Have Innovative Features to Make It Easy to Bet

Innovative features include in-play betting, live streaming, cash out, and decent odd margins. When used together smartly, all these features increase your winning opportunities

5. Support Multiple Currencies

In addition to the 26 cryptocurrencies CloudBet supports, there are popular and globally recognized fiat currencies to pick from. It makes it possible for people from all countries to place a wager using a currency they are comfortable with.

Banking Services

There are many areas where CloudBet is never mentioned, with banking services behind Exhibit A. Practically, they have one of the most streamlined payment services in the sports betting industry. This is especially true when you look at Bitcoin transactions.

As you might have guessed, deposits are processed almost instantly, depending on the payment method selected. The limits are friendly, starting from a low equivalent to $2.5. You can deposit as much as you wish as there are no restrictions

Popular options you can use to deposit include Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ripple, and Tether. CloudBet also supports Jeton and Vega Wallet for regular or fiat currency transactions. However, Jeton and Vega wallets have a maximum deposit limit of $100,000.

CloudBet has a 24-hour withholding time for all withdrawal requests. They’ll have to inspect the transaction before making the payment. Once the 24 hours lapse, you can receive your cash within a matter of hours – a maximum of 4 hours for most payment methods.

To withdraw your winnings, you can use all the supported banking methods. The caveat is you must use the same depositing option to withdraw. You also need to complete the KYC verification process to be able to withdraw your winnings.

Support at CloudBet Sportsbook

CloudBet support team is not one of the better ones I have recently tested. Getting help in a snap proved to be almost impossible. You’ll have to scroll through pages to get the email address, which is the only available channel for support. I’ve done the donkey work in case you need to contact them, write through [email protected].

I tried reaching them on Discord (screenshots attached below) to no avail. And when I sent them an email, it took almost 48 hours to get a simple response. I guess this is because they lack a diversified support system, which overwhelms the agents.

I believe this area needs improvement. In line with this, I left the support team a comment on the same. I even emailed the director (Leandro Rossi), and I hope this is something they’ll improve on.

Update: one of the players helped me finally locate the live feature, which is tacked away in the settings section. Still, they need to visibly display it on the homepage to make it easy for players to use it.

CloudBet Sports Betting Features

CloudBet didn’t reinvent the wheel when they set out to offer their sports betting services. What they did was look at areas that needed improvements in the sports betting industry and gave us something much better. In the areas of cashout, odds, in-play betting, live streaming, and mobile betting, they did a thing or two that made them stand out.

1.Cash Out Feature

After the first whistle and before the final whistle, the cashout feature enables you to take complete control of your bet, depending on how the events are proceeding in the event. If the bet is going your way, you’ll have a profit on top of your initial bet. If it is going south, then you start losing your stake.

With the cashout feature, you can decide to settle the bet before the end of the event. CloudBet cashout feature has been online since June 2022. It covers most pre-match and in-play markets and is very responsive on mobile phones and PCs.

2. Betting Odds

Pricing at CloudBet is reasonable overall. While testing the site, I noticed there were instances where they were slightly off compared to the market value. But generally, they are good.

American sports bettors in states where online gambling is legal will especially be happy with the odd margins on NBA, NFL, MLB, NHL, MMA, soccer, and tennis. Through its “Zero Margin Sports Bets” promo, CloudBet gives you decent odds.

3. Live Streaming

The live streaming feature at CloudBet is streamlined and very smooth. I think it’s one of the best in the industry because it was only introduced in February 2019. To use it, you need to have a balance of $1 or more. You can also use it if you have placed a $10 bet or more within the last 24 hours.

4. In-Play Betting

Like the live stream feature, CloudBet’s in-play betting is streamlined and easy to use. It covers most of the sporting events at the site but only includes popular tournaments and matches in each competition.

Football betting receives the highest coverage, averaging about 90 markets for the top competitions and around 40 markets for the more minor leagues. The odds are decent, too, competing with the likes of Bet365, Ladbrokes, and William Hill.

CloudBet live betting works well on all devices we used, unlike other Bitcoin betting sites, which act like the ‘90s dial-up ISPs. The interface is also attractive and offers detailed information on how the event is progressing.

You’ll find helpful information such as the shots on target for each team, yellow cards, corners, attacks on each side, plus much more. You can use this information to decide your next best pick.

5. Mobile Betting

A mobile-first approach appears to be CloudBet’s way of doing things. Everything is fully optimized for mobile use, from design to service delivery. The mobile betting offering is strictly browser-based. It means you can use your device’s browser to access all its services.

As I have said time and again, it’s vital that a betting site is fully functional and responsive to features such as in-play betting, cash out, and live streaming. The team behind the CloudBet software has done just that. There’s no lag or unnecessary crashing while in the middle of using the mobile site.

Conclusion

You have an excellent range of sporting events to pick from at CloudBet. While it may not be the biggest in the sports betting industry, it will suit most bettors. You have football (soccer) and horse racing dominating. I also loved seeing niche sporting events such as darts and sumo being offered, with good coverage as far as markets are concerned.

Faq

Are my details and money safe at CloudBet?

Yes, they are 100% safe and secure. All your personal information is safely stored on the site using industry-standard encryption technology. CloudBet also uses 2-Factor authentication to add an extra layer of security to your account.

As for finances, all the Bitcoin on the site is kept offline, in cold storage with split keys. The advantage of cold storage is that it’s stored far from threats associated with the internet.

What Is The 2-Factor Authentication?

2-Factor authentication adds an extra layer of security by asking you to enter or provide an additional code in addition to your password. You can link your phone number to your CloudBet so that every time you have to log in, a code is sent to your phone number. It, therefore, means that only you or anyone with your phone can access your account.

What Odds Formats Can I Pick At CloudBet?

Standard American, Fraction, and Decimal odd formats are all supported on the platform. Those who know how to use Malaysian and Hong Kong odds formats will also benefit from the same.