CloudBet Casino Welcome Offer:
If you start playing at Cloudbet, you can get you hands on a 100% bonus up to 5 BTC + 50 Free Spins. This might not sound super exciting, but if you take into consideration that 1 BTC at the time of us writing this review was worth over $10,000 – this is just insane!
There are several catches though. First of all, in order to get the bonus, you also have to deposit the same amount, meaning 5 BTC, or $50,000 and who has that just lying around? Luckily, you can activate the bonus starting from 0.01 BTC, but that is still roughly $100 and therefore much higher than the normal minimum deposit amount for welcome bonuses.
From the time you initially deposit, you have a full year to unlock the whole amount of your first deposit. The loyalty points you get for each are calculated by your stake times the game score.
Cloudbet Overall Experience
Upon arriving at Cloudbet, you will find a sportsbook that’s relatively easy to navigate with plenty of sporting events to choose from – more on that below. While the site offers information about the different gambling platforms and aids for an introduction to Bitcoin, there is one glaring hole in Cloudbet’s sportsbook. Very simply, there is no guide to sports betting.
Cloudbet is very much geared towards experienced bettors, either that or they believe their players should dive straight into the world of Bitcoin sports betting. There is no guide on the homepage explaining how to bet and what all the different terms and numbers mean.
This could be a major setback for some reviewers, but Cloudbet is still correct in directing its site towards the large amount of experienced sports bettors and does a good job of providing them with a clean and simple-to-use interface. This interface is one of the most impressive features we found while conducting our Cloudbet review.
CloudBet Event Coverage
There really is no shortage of sporting events that you can bet on when you visit Cloudbet, and let’s be honest, that’s what it’s all about. The major gambling sports are all available – soccer, American football, rugby, ice hockey, etc. – and there are even events for the more obscure and less popular sports such as darts, snooker and handball.
Of course, no sportsbook would be complete without the ability to wager on the Presidential elections. These special betting categories really impressed us while we were doing our Cloudbet review.
CloudBet Lines and Spreads
To get a better idea of the lines that Cloudbet offers, the NFL Playoff and English Premier League lines were compared with other Bitcoin sportsbook sites. Cloudbet’s lines were relatively on par with other Bitcoin sportsbooks, as well as regular sports betting sites.
Cloudbet also offers parlays for all of its various sports. This means that if you wager on several games at a time, you have to be bet correctly on all of them in order to win, but the payout is much higher.
Cloudbet also offers an array of betting capabilities known as proposition betting (or prop bets). Prop betting allows bettors to wager on more specific things such as a certain player scoring more than X amount of points, or betting that a specific team winning the championship before the season even starts. While the normal win/lose and over/under type of bets may suit most people, may be enough, the addition of props helps broaden the sports betting umbrella and certainly makes the betting experience more interesting.
CloudBet other features
There are a few other features worth noting about Cloudbet and they are concerning security, which is always nice to see. Firstly, Cloudbet offers a two-step authentication for player accounts in order to beef up security and all of the site’s bitcoins are held in cold storage in order to protect them. Cloudbet maintains that its wallet always has sufficient funds to pay players, so the cold storage will be maintained without a hitch.
Cloudbet offers “lightning fast cash outs” that are generally processed within 24 hours. This time is due to the requirement of three confirmations for each deposit made to the player’s account. This is another security feature that still manages to get withdrawals out within a reasonable time and is therefore a rather impressive feature.