Cloudbet

Cloudbet Review

With over 300,000 users worldwide, Cloudbet is one of the fastest-growing crypto betting sites online, and if you're interested in learning more about this exciting sportsbook, make sure to check our Cloudbet review. Founded in 2013, it's one of the pioneers in the crypto betting industry, so stick with us to find out more about this platform. 

Cloudbet Bonus Offers

With the Cloudbet welcome bonus, new customers can get a 100% deposit bonus of up to 5 BTC, but since it only relates to casino games, we find this a real letdown for sportsbook enthusiasts.

Likewise, all of Cloudbet's other bonuses and promos favor casino games over the sportsbook, but there is a silver lining. Cloudbet's Loyalty Club runs the show when it comes to sports betting on the site. 

Cloudbet Welcome Bonus

As mentioned above, the Cloudbet welcome bonus strictly relates to casino games, and we cannot tell whether it will translate to the sportsbook anytime soon. 

Cloudbet Free Bets

Cloudbet currently does not have free bets on offer. The bookie should consider adding this feature sooner rather than later. 

Cloudbet VIP/Loyalty Program

The Cloudbet Loyalty Club rewards you for your effort by giving you exclusive benefits as you progress through the ranks. The program contains six tiers: Bronze, Silver, Gold, Emerald, Sapphire, and Ruby.

Every tier unlocks additional benefits and has its own Lightning Points Multiplier that helps you climb up the ranks quicker. Placing bets on more prominent events with higher stake limits will yield more points. 

Starting with the initial Bronze tier, you can get up to 0.12% when you place bets on events with high limits and standard margins. As you move through the ranks, the reward can increase to 4x when you reach the top tier.

You can exchange acquired Lightning Points for sports bonuses in Cloudbet Marketplace and reap the rewards of your own taste. 

However, there is a rollover requirement for sports betting, depending on the tier. 

Other Cloudbet Bonuses

Without the incentive of the welcome bonus and free bet promotions, Cloudbet tries to stimulate its customers by giving up its commission on the bets in the so-called 'Zero Margin Sports Bets' section. Let's find out more.

Zero Margin Sports Bets

As the name indicates, the Zero Margin Sports Bets allows you to enjoy premium pre-match odds on the specific event, provided it is marked with a yellow box. However, this promotion has various limitations. 

Cloudbet offers 1000 customers odds with zero margins for the highlighted sports event, enabling them to maximize their winnings. But once the 1000-player milestone has been reached, Zero margin markets shut down, so time is a factor. 

On top of that, restrictions related to this promotion vary from sport to sport, as follows: 

• For soccer matches, it only applies to match result, Asian handicap, and total goals
• For tennis matches, it only applies to on winner bets
  
• For NBA matches, it only applies to money line, spread, and totals bets
• For NFL and NCAA Football games, it only applies to money line, handicap, and totals bets
• For MLB games, it only applies to money line, run line, and totals bets
• For NHL games, it only applies to winner bets

While you're allowed to place multiple bets per game staked 1m BTC or more, the total amount of potential winnings cannot exceed the equivalent value of €921.8 in BTC. 

Furthermore, Zero Margin Sports Bets program forbids parlays and does not qualify you for loyalty points.

Cloudbet: Design & Usability

Surfing through the Cloudbet sportsbook is a breeze. Whether you're into pre-match betting or in-play events, you're one click away from finding your picks. Unlike some other similar sites in the niche, it takes no excessive clicking or scrolling to find your favorite sports or matches. 

All you have to do to select your preferred sport is go to the top-left corner of the site and find a drop-down menu. One simple click and you can find all the major sports offered by the bookie. But while finding games is straightforward, especially when it comes to pre-match contests, the live-bet section has ample room for improvement. 

The Cloudbet website is sleek and eye-pleasing, but it requires some modifications. For example, it has plenty of sorting options but doesn't have the ability to sort by the bet type. On a more positive note, Cloudbet's mobile version of the site was an absolute joy. It's fast and user-friendly. So it's a bonus. 

Another significant feature the website has on the menu is the ability to select any type of odds you're comfortable with, from American, Decimal, and Fractional to Hong Kong and Malaysian odds formats. Plus, the site works fast and smoothly, proving Cloudbet is properly equipped to handle everything to effectively manage all of the tasks the website was designed to perform.

Cloudbet Sports

Cloudbet provides bettors with a diverse array of nearly 30 sports to choose from, and it's worth noting that their selection exceeded our initial expectations. Regardless of whether you're an exceptionally selective bettor interested in vague events that are unfamiliar to most players, the available sports at Cloudbet offer all the betting options you require. The following sports feature the most comprehensive betting markets on the Cloudbet platform.

Football

Cloudbet offers a vast selection of football leagues and competitions to choose from, including top-tier championships in Europe and South America, such as the English Premier League, UEFA Champions League, and Copa Libertadores.

Cloudbet's football offerings don't stop at these well-known leagues and tournaments. Football enthusiasts will be pleased to know that they can also place bets on youth and amateur competitions, which provides an excellent opportunity for even more diverse football betting experiences.

Tennis 

As one of the fastest-growing betting sports, tennis lags narrowly behind football at Cloudbet. Yet if you're a fan of the 'white sport,' this is a place to be, as the bookie has all popular betting markets for tennis covered. 

In addition to the most popular Grand Slam tournaments, such as US Open and Wimbledon, to less eye-catching events like ITF and Challengers, Cloudbet has everything a tennis enthusiast needs to enjoy a top-notch betting experience. 

Basketball

Basketball might be third on the list, but it also comes well-represented at Cloudbet. You can bet on the most famous European, Australian, Asian, and South American competitions. However, if you're looking for an ultimate basketball betting experience, you must undoubtedly wager on the NBA. 

As the world's premier basketball league, Cloudbet's NBA offer provides an extensive selection of markets, ranging from traditional and alternate point spreads to player prop bets.

Cloudbet Betting markets

Clooudbet offers many fundamental betting markets that bettors typically employ. But we must be honest and say that we expected a little more. There aren't sufficient bet types to allow you to wager on nearly every conceivable outcome and customize your bets according to your preferences. The available betting markets at Cloudbet contain various bet types, such as:

• Match Winner
• Over/Under
• Both Teams to Score
• Team Goals
• Asian Handicap
• Point Spread

For example, we were not able to find 'Double Chance' in pre-match football betting, which was a huge letdown. Making it up by letting you bet on corners, bookings, and 'Goalscorer' markets wasn't enough to cover that massive gap. 

Additionally, you cannot place combo bets, where you wager on the full-time result and the number of goals/points scored, on Cloudbet, which is another downside. Overall, we found that Cloudbet’s betting markets lag behind industry standards. 

In-Play Betting & Live betting

And while Cloudbet somewhat dropped the ball in the pre-match section, their comprehensive in-play options stunned us. To our delight, we discovered that the bookie's live betting section features betting options on yellow and red cards, as well as various corner betting opportunities.

Cloudbet offers live sports betting, allowing users to place new wagers on various sports in real time. The live sports betting options cover a range of top sports, including soccer, tennis, basketball, and more, with almost 30 sports available to choose from on the site.

On the Cloudbet platform, you can place bets on a multitude of leading sports leagues, including the UEFA Champions League, English Premier League, NBA, FIFA World Cup, NCAA, NFL, and many others.

However, Cloudbet gained significant attention for becoming the pioneering betting site to introduce live Horse Racing bets via cryptocurrency payment methods. Cloudbet seemingly invests significant effort and resources into establishing its horse racing section as competitive as possible in the industry.

Cloudbet Odds

Cloudbet provides odds that are significantly higher than the industry norm. The odds margin the bookie charges is generally as low as 2% for premium competitions, such as English Premier League, UEFA Champions League, NBA, and NFL, which is a spectacularly low house edge. 

For comparison, the industry average is around 10%. Therefore, going with Cloudbet over its competitors is really a no-brainer. According to our Cloudbet review, we found that this platform provides highly competitive margin odds. It is definitely worth your time and money.

Cloudbet's standout feature lies in its Goalscorer markets for live betting, where the bookie offers exceptional odds. Bettors can predict the next goalscorer or the number of goals a particular player will score throughout the game, among other options.

Cloudbet Live Streaming 

One of the downsides of going with Cloudbet as your bookie of choice is the lack of live streaming. In addition to missing out on that vital aspect, the site provides relatively foggy live stats. Besides overall shots and cards, there's no other relevant in-play info, such as possession, corners, and attempts on target. 

We believe there's ample room for improvement in the live-streaming section and overall in-play coverage. 

Cloudbet Mobile App

Cloudbet does not provide players with a mobile app (neither iOS or Android versions are available). The lack of a mobile app can be particularly disappointing for individuals who enjoy betting while on the move. Mobile apps have become a standard in the industry for a while now, but Cloudbet has failed to meet expectations in this area.

The one saving grace is that the Cloudbet website has a mobile version, allowing users to access the sportsbook via their phones. The site can be accessed via iOS, Android, Windows, and Mac OS operating systems, at least partially making up for the lack of a mobile app. 

The mobile website is tailored for modern smartphones, so it’s another positive. Users can place standard and live bets, carry out cashouts, manage their accounts, and perform deposits and withdrawals.

Cloudbet Customer Service

Cloudbet boasts a dependable customer support service that works 24/7. In addition to the bookmaker's exemplary help-desk service, Cloudbet has a detailed FAQ section, something we found very impressive and helpful. Here's the list of channels through which you can reach out to Cloudbet.

Cloudbet Live Chat Costumer Support

Throughout our site review, we extensively tested their live chat support. On every occasion, the live chat customer support representatives were rapid in providing assistance. We were more than satisfied with the quality of their responses. If you seek prompt resolution to any issue, we highly recommend using Cloudbet's live chat customer service support.

Cloudbet Email Customer Support

Another way to get in touch with Cloudbet is via email. However, it may not be the most effective way to receive an immediate response. Nevertheless, it is the most reliable method when undergoing the verification process at the bookmaker.

FAQ 

If you need clarification on any given issue but want to avoid using the abovementioned channels, we strongly suggest you check out Cloudbet's FAQ page. We found this section one of the site's best features. 

It was a bit disappointing to discover that Cloudbet has no phone support on the menu. Of course, this omission makes Cloudbet less appealing than other online sportsbooks that do offer this feature. But their other channels proved more than reliable. 

On top of that, Cloudbet has made an effort to make up for the lack of phone support by integrating a 'blog' section on the website, allowing users to learn more about cryptocurrencies. 

A comprehensive blog interaction lets you dig deep into the crypto market world, learn more about the new features and get familiar with all betting options on the site. 

How to Register at Cloudbet

Step 1: Click on Join Now

First, click on the "Play Now" button in this Cloudbet review. Doing that will take you to the bookmaker's site. Once there, click on the "Join Now" button.

Step 2: Enter Personal Info

You are now required to input your email and establish a password. After that, you need to provide some personal information, such as your name, address, city, and phone number.

Step 3: Verification & Cryptocurrency Preference

In order to access all of Cloudbet's features, you must verify your account by submitting a photo of your ID/passport and proof of address. After verifying your information, you need to select a preferred cryptocurrency for your initial deposit.

Cloudbet Payment Methods 

As a crypto betting platform, Cloudbet only accepts cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and USD Tether. Cloudbet allows users to instantly buy cryptocurrencies with a credit or debit card (Visa and Mastercard) through their partner, Moonpay. 

However, it is worth noting that withdrawals and betting cannot be performed using fiat currency. You must convert fiat money into the cryptocurrency of your taste, which could lead to additional fees that may go up to 4.5%. 

The minimum deposit amount at Cloudbet is 0.0000001 BTC. There is no limit to the maximum deposit you can make. As for withdrawals, the minimum withdrawal amount is 0.0000001 BTC, but Cloudbet has no upper limit for withdrawals.

When it comes to the deposit time, all deposits at Cloudbet are instant. Though the bookie brags about instant withdrawals, we found it could take up to 48 hours to complete withdrawal requests. Some customers even complained it took them almost a week to withdraw funds. 

Is Cloudbet Safe?

When selecting a cryptocurrency bookie, you have to check out the platform's history and assess its reputation on social media.

Cloudbet has been at the forefront of implementing numerous safety protocols, now valid worldwide, such as using a cold wallet to store cryptocurrencies instead of a software wallet (hot wallet) that is vulnerable to hacking. Cloudbet also employs top-tier security measures like cutting-edge encryption (SSL) and two-factor authentication to safeguard customers' info and funds. 

The one regulation that caught our attention is the limitation of one account per household or IP address. Any breaching of this rule could result in your account and funds being blocked or frozen.

Cloudbet Gaming License

Cloudbet holds licenses from both E-Gambling Montenegro (through TIGER TREE HOLDINGS d.o.o) and Curacao eGaming (via the entity Halcyon Super Holdings B.V).