Cloudbet Review

Cloudbet offers a 100% deposit bonus of up to 5 BTC (or equivalent to any other cryptocurrency). That’s a lot! Especially considering that most crypto sportsbooks match your deposit up to 1 BTC.

How do you get the welcome bonus?

• Sign up to create a new account.
• Make your first deposit using your preferred crypto. Note that Cloudbet doesn’t have a minimum deposit amount.
• Get 100% of your deposit matched.
• Start betting to release the bonus.

So, you signed up, made a deposit, and started betting, now the question is how to free that bonus?

For that, you have to earn 150 points by wagering on different casino games. When you get the required 150 points, you will receive the first 0.001 BTC of your welcome bonus.

Want to get more of the bonus? Then you have to bet to 300 points and get the next 0.001 BTC. Easy as that!

Here’s how Cloudbet calculates the points:

However, did you notice something? That the welcome bonus is released only when you wager on casino games. Yup! Unfortunately, after digging into their T&C, the bonus does not apply to the sportsbook.

You can still get the deposit bonus, but in order to earn points, you’d also have to wager on casino games since sports betting will not do the trick.

But don’t fret! Cloudbet gives you the option to earn loyalty points based on your activity for both sports and casino, which you can redeem in their Marketplace. Let’s have a closer look.

Loyalty Club

Loyalty club is meant to reward players for their time spent on Cloudbet’s website.

But what kind of rewards are we talking about here?

The prizes vary from faster withdrawals, priority customer support, and better deposit bonuses to invitations to exclusive events, winning a Rolex, Lamborghini, or a lifetime trip somewhere exotic. Something for every (expensive) taste!

To unlock the rewards, there are six VIP tiers to climb: bronze, silver, gold, emerald, sapphire, and ruby. With each level, you get new and better benefits.  Plus, the sports rollover requirement will drop from 5x to 1x once you get to the Ruby level, which is pretty nice.

Then there are Lighting Points.

Lightning Points are Cloudbet’s new currency you can earn from wagering on different sports and casino games and later redeem in Cloudbet’s Marketplace Hub.

Remember the rewards we mentioned earlier, including the Rolex watch and Lambo? Well, if you earn enough Lighting Points, you can claim those from the Marketplace (together with several other rewards they offer). 

In short,  you can customize your own bonuses depending on how many points you have earned.

Other Promotions

Besides the welcome bonus and loyalty club, you can grab other cool promotions from Cloudbet:

• Zero-margin sports bets – you can get zero-margin odds on various competitions, guaranteeing the best prices for sports events like NBA, NFL, MMA, tennis, soccer, and many more.
• Deposit bonus every Thursday – as the name implies, you can get a deposit bonus every Thursday. The higher the loyalty tier, the bigger your rewards.  

All in all, even though we are a bit sad that the 5 BTC welcome bonus does not apply to the sportsbook, Cloudbet’s great loyalty club and Marketplace make it up with their various promotions and amazing rewards.

Cloudbet’s website is well-organized and straightforward.

Instead of the colorful and shiny look used by several other sportsbooks, Cloudbet goes with a modern and dark approach. Plus, depending on your taste, you can change the theme into a classic mode (dark colors), light mode, or auto theme.

The information on the website is well-structured and easily found. On the top menu, you can find the sports, casino, live casino, and Marketplace, their newest addition (which we discussed in our bonus entry).  And on the left side, you can find all the sports categories, which you can filter by popularity.

Once you select your preferred sports, you are greeted with an intuitive set of bet markets that you can filter according to your preferences.

When it comes to in-play games, then Cloudbet also has a separate section for this. There you can live stream your favorite games and place bets in real life.

What about site speed? Can you enjoy the live matches lag-free?

You sure can! While streaming a soccer game, we didn’t encounter any problems with the loading time that could impact our engagement. Good job, Cloudbet!

Another neat thing about Cloudbet is that you can translate the sportsbook into 18 different languages, including:

• Spanish
• German
• Russian
• French
• Portuguese
• Chinese
• Italian
• Dutch

Offering a language option on a website is great – it gives users a chance to read the information in a language they are most comfortable with. For instance, Cloudbet is rolling out the welcome mat to international visitors, offering invaluable help in their native language.

And last but not least, another good usability hack is Cloudbet’s option to change the odds format. Here, depending on your location or preferences, you can change the odds to match decimal, American, fractional, Hong Kong, and Malaysian formats.

Mobile Usability

Cloudbet doesn’t have a mobile app for Android and iOS users. However, they still offer a mobile-optimized site that works well on any device.

We tested their sportsbook on different iPhone and Android models, and the user experience was good in all of the tried devices.

Overall, we truly enjoy how intuitive and robust Cloudbet’s site is, whether you’re betting on a desktop or mobile.

Cloudbet Sports offers one of the most extensive selections out there, with various options that will leave your head spinning. You’ll find an assortment of sports to satisfy any avid fan, from the holy trinity of American sports – football, basketball, and baseball – to lesser-known sports like bandy and kabaddi.

Also, they offer different non-sport-related categories for betting, such as entertainment and politics.

Under the entertainment category, you can bet on the Oscars ceremony for some Hollywood action. And under politics, you can place your bets on winning parties in the UK or even take an early guess at who will win the 2024 Presidential Election in The United States!

 But that’s not all!

Live streaming is also available at Cloudbet sportsbook, and you have several matches to choose from every day.

Aside from live streaming, Cloudbet also offers a virtual sports category that isn’t that popular with other bookies.

Virtual sport is essentially a video game where the computer software plays out the game, and the algorithm determines the outcome. You can bet on soccer, NBA, and tennis matches and choose a preferred betting market.

Now, let’s move on to betting markets

Cloudbet Betting

If you’re wondering what types of bets you can place on Cloudbet, then there’s an array of markets to choose from.

You will find different types of bets depending on the sport you are betting on. Football is the most popular, offering hundreds of markets per match.

However, other popular sports also don’t stay behind and let you choose from a variety of markets.

Let’s have a look at some of the most common betting types you can find on Cloudbet:

• Money line
• Handicap
• Totals
• Odd/even
• Asian handicap
• 1×2
• Goals scored
• Draw no bet
• Double chance

And, you can place in-play bets while live streaming the sports event. The live odds are calculated on time and without any lag. Plus, some of the live streams are presented with various statistics and graphs to help you make an informed bet.

Regarding the betting limits, then Cloudbet’s minimum bet size depends on the sports game, and there’s no maximum wagering limit.

Cloudbet Odds

To get a better picture of how competitive Cloudbet odds are, we made a comparison between different bookies and three popular sporting events.

Will the odds be in your favor with Cloudbet?

Let’s find out. 

NFL Odds

Let’s start with an NFL football match between the Indianapolis Colts and Pittsburgh Steelers. We chose the money line market and checked what odds Cloudbet, BC.Game and Stake bookies offer.

Cloudbet offers the best odds both for the underdog and the favorite. Plus, since the odds have very little difference from the rival bookies, we can say that the odds are overall competitive.

NBA Odds

Now let’s have a look at the money line odds offered for the NBA basketball match between Boston Celtics and Sacramento Kings:

Cloudbet offers the best odds for the favorite while Stake to the underdog. The Cloudbet odds for the underdog are the least competitive compared to the two other bookmakers.

NHL Odds

Last but not least, here’s a comparison of an NHL ice hockey match between the Buffalo Sabres and New Jersey Devils. The betting market is the match winner (including overtime and penalties):

In this example, the odds offer minimal variation. However, Cloudbet sets the best odds for the underdog.

Cloudbet eSports

Cloudbet’s eSports and virtual sports selection is one of the best we’ve seen.

While some bookies offer four to five eSports games to choose from, Cloudbet has more than 15 categories to choose from:

• Age of Empires
• Arena of Valor
• Brawl Stars
• Call of Duty
• Counter-Strike
• Dota 2
• FIFA
• Free Fire
• League of Legends
• NBA2K
• Rainbow Six
• Rocket League
• Starcraft
• Valorant
• Warcraft
• Wild Rift

As you can see, it’s a pretty impressive list!

Note: if you want even more eSports games, then check out our Bitsler sportsbook review – they have over 20 eSports and virtual games.

Like with other sports events, you can bet on your favorite games. Plus, you have the option to live stream and place in-play bets.

Overall, we’re really happy what Cloudbet has to offer regarding eSports and also virtual sports selection.

Is Cloudbet legit?

This might be one of the first questions that pop into your mind.

Well, in this case, you might be happy to know that Cloudbet is a fully licensed and legit sports betting site dedicated to a responsible and regulated betting experience.

They hold an online gambling license that the Government of Curacao regulates.

Even more, Cloudbet has a partnership with the BeGambleAware network for responsible betting. So whenever you feel you’re losing control over your sports betting habits (or any other gambling habits), you know where to turn to.

Now let’s move on to privacy:

The good news is you can sign up with just your email and don’t have to give out much personal information.

However, Cloudbet has the right to ask you to verify your identity to ensure no fraud is involved due to its AML (Anti-Money Laundering) and KYC policies.

Cloudbet may do this when it detects suspicious activity in your account or when large amounts of money are being withdrawn.

Geo-Restrictions

Due to country-specific legislation and gambling laws, sportsbooks often have restricted countries. Cloudbet is no different.

Currently, there are restrictions for players from:

• United States
• United Kingdom
• Hong Kong
• Curacao
• Singapore. 

P.S. Bitcoin betting from Canada is completely legal.

But as we know, restrictions never stopped anyone and instead led to the invention of ways around them. This takes us to our next point – VPN.

Are you wondering whether you can use VPN to access Cloudbet?

The answer is yes. It’s not regulated in any way, and many people use VPNs to access services restricted in their home country. Whether you are watching Netflix shows or making bets on your favorite team, VPNs are a good hack.

However, there’s a catch.

Keep in mind that Cloudbet still has the right to apply KYC. So, for example, if you are using a VPN for sports betting and you’d like to cash out your winnings, Cloudbet might ask you to verify your identity, including proof of address. And if you’re unable to do it, there’s no way for you to withdraw your winnings.

The bottom line is you can use a VPN but consider the caveats.

Even though Cloudbet promotes itself mainly as a Bitcoin sports betting site, there are a variety of other cryptocurrencies you can choose from:

• Ethereum
• DOGE
• Solana
• Litecoin
• Tether
• Shiba Inu
• Binance
• PAX Gold
• USD Coin

What if you don’t have crypto coins but still want to make a deposit? No problem.

You can buy or sell cryptocurrencies directly on Cloudbet’s site using your debit and credit card or Apple Pay through Moonpay – a leading fiat-to-crypto exchange provider.

Deposit and Withdrawals

Cloudbet doesn’t have a minimum deposit amount. This means as long as the network accepts your transaction, you’re all set to go!

Also, there is no maximum limit for deposits and withdrawals, so you can load up your wallet as much or little as possible.

Withdrawals are usually completed within 24 hours, which is quite quick for crypto sportsbooks. Especially considering that with traditional bookies, it can take up to days for cash-outs to complete.

However, there are a few minor drawbacks.

Firstly, Cloudbet has the right to charge up to a 5% fee on deposits and withdrawals to cover transaction costs.

And secondly, you can only withdraw money if you tick their wagering requirements (hinting at a deposit bonus here).

As for privacy during deposits and withdrawals, Cloudbet doesn’t ask for personal information, and you can do everything through your crypto wallet. Perfect for anonymity seekers!

There are two kinds of people – the ones who like to find solutions to their problems alone and those who prefer to contact customer support.

For the latter, the best option would be using live chat since it usually provides the fastest help. Since Cloudbet advertises a live chat option on their website, so we took some extra minutes to test it out.

The outcome?

The customer support rep connected with us almost instantly and provided speedy and professional replies to our simple queries.

This is a huge improvement since our last testing – where their live support resembled a ticketing system, and we didn’t get a reply back at all. So good job, Cloudbet!

Besides live chat, you can also contact Cloudbet using the following options:

• FAQ page
• Discord
• Blog
• Twitter

Good to know: The most valuable sources, in our opinion, is their extensive blog and a community forum called Bitcointalk. The latter is where you can get the freshest information about any issues or questions.