Cloudbet Review – Leading Bitcoin Sportsbook and Casino Site
Cloudbet is a sports book that has both normal sports betting and live betting, plus also includes a casino and a live casino for playing in. It contains many different gambling games within it, and it is quick and easy to get started with the site. An account is necessary to play at Cloudbet, which requires an email address, password and date of birth. Once this information is input, a confirmation is sent to the email address that was put on file. Confirming the account is simple as clicking a link within it, and then it is time to start playing.
Features
The first time the user account is accessed, there is a little information on what all the site offers (which is quite a bit). The different sport categories Cloudbet offers include:
- Live Sports Betting
- Casino Slots and Table Games
- Live Casino (Blackjack, Baccarat and Roulette)
- American Football
- Australian Rules Football
- Basketball Men
- Golf
- Handball Men
- Handball Women
- Ice Hockey
- Motor Sports
- Rugby Union
- Rugby League
- Soccer
- Soccer Women
- Tennis Men
- Tennis Women
All of the categories are available in both the live betting format and the pre-game one, ensuring they are all accessible at any time. Along with this, there is a listing of the upcoming events, showing the times and all other important data needed to get involved. This makes picking events easy, even while not knowing what is happening across the board yet.
The live sports option opens the doors to making bets while sports games are running in real-time, giving a much more informed style of making bets. On top of this, it also allows for making bets even when arriving late to a game (for example, when a player doesn’t realize that their game is starting yet or simply isn’t able to get on the site in time), catering to even more bettors.
While there are limited live casino games at the present time, they are all easy to take part in and are very solid. Unlike playing the normal online style of these games, it gives a much more immersive experience, as well as an increased amount of trust that can be given, being that players can watch the dealer as they go. While it’s not quite the same as the “provably fair” concept, it does push things in that direction pretty well.
Highly Secure
Bitcoins held by Cloudbet are stored in a cold wallet, keeping the private keys safe and secure. To boost security even more, a multi-signature setup is used, splitting the keys to make it even harder to break in and steal the coins.
On the player side, there is 2FA available, which requires a potential hacker to obtain access to the player’s mobile device in order to get into their account. Even with the password in hand, there is no way they can enter without the mobile access as well to get the 2FA key.
If that’s still not enough security for peace of mind, most withdrawals are processed instantly (and have no fee), so it’s perfectly acceptable to make a deposit, make some bets and win some bitcoins, and then withdraw them. Since deposits are also handled instantly, that further boosts the benefits of these features and lessens the impact of shuffling funds around as needed.
Deposits and Withdrawals
Deposits happen instantly, as soon as the transaction is broadcast through the network, and can be done through a deposit address at the top of the site or through a QR code within the user information page. This makes it easy to deposit using any device or application. For security purposes, new deposit addresses can also be created, so anyone that is snooping can not follow the path of Bitcoins as easily.
Withdrawals are not automatic, and require both a fee of 0.0001 BTC and being manually sent out. This is done to help protect the site, though players do need to be aware of this as it is stated that it can take up to 24 hours to complete a withdrawal.
High (and Low) Rollers Welcome
Whether players are interested in games for high or low stakes, Cloudbet caters to both. For the high stakes action, bets can be made for up to 200 BTC each, and there’s no limit of how many bets can be made (and no delay in doing so). This, mixed with the ability to play for micro-stakes, allows anyone and everyone to play on a risk level that caters to their individual desire.
Promotions
Cloudbet offers a 100% first deposit bonus of up to 5 BTC. The release of this is not instant, and is instead tied to a custom reward type called “loyalty points.” 0.01 BTC will be released for every 800 loyalty points that are earned, and there is only a 365 day period to release the entire amount. The number of loyalty points earned is based on the stake (in mBTC) multiplied by the price score (which is the square root of the odds, minus one).
Pros and Cons
Pros
- Deposits are instant, so getting to the betting is quick
- There are many games to choose from, and a casino that is built in
- Both live and pre-game bets are able to be made
- A great first deposit bonus of up to 5 BTC can be earned when first starting out
Cons
- Support is only handled through email, so it may take a while to get a response to inquiries
- Earning the bonus rewards requires loyalty points, which means that losing a lot of money quick can end up forfeiting what is left over
