cloudbet

Assessment

78/100

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Best of Cloudbet

• 100% bonus on your first deposit
• Excellent odds
• Variety of promotions
• Streaming via YouTube and Twitch

Brian Dekker Gambling expert

Updated: 09/08/2021

"A bookmaker to bet exclusively with cryptocurrencies, with higher limits than usual, excellent odds and a great offer of sports betting to enjoy."

Since its emergence, Bitcoin has established itself as one of the most powerful electronic currencies and it is not uncommon to find bookmakers that offer this cryptocurrency as a payment method. However, Cloudbet is one of the few betting sites where we can only bet in cryptocurrencies, if not the only one. A novelty that operates in Canada, and in the rest of the world, under a Curaçao license, a very common strategy in American betting operators.

Its origins go back to Montenegro in 2013, and as a curiosity the first bet was 0.12 BTC to the K-League. In mid-2014, it launched the live casino, and coinciding with the 2014 World Cup in Brazil, it began to offer live sports betting. Since then, this bookmaker has not stopped growing, partly thanks to that Curaçao license obtained at the end of 2018. A different bookmaker, which allows Philippines to use cryptocurrencies, with a lot to offer us.

What does Cloudbet offer us?

Undoubtedly, the use of cryptocurrencies as a payment method is the main feature of this betting site. In addition to betting with Bitcoin, we can use other cryptocurrencies such as Bitcoin Cash, Ethereum, USDT or BTC. Each fluctuates differently, so issues such as the welcome bonus depend on the cryptocurrency used. In any case, we have a 100% bonus to release in 365 days, which is one of the interesting promotions offered to us.

We have a wide variety of sports and markets to bet on, and the most interesting thing is the excellent odds offered. In this sense, it is worth highlighting the zero margin applied to the most important football, tennis, NFL, NBA, MLB, MMA matches. In other cases, the margin is 2% and we cannot ignore that it offers higher betting limits than other sportsbooks that use conventional currencies. Needless to say, we cannot use MXN or USD, we exclusively deposit with Bitcoins.

Navigation on the Cloudbet betting site is very simple and intuitive. It works like any other betting site, although it is true that at times the translations from the text to Spanish leave something to be desired. This is striking, especially in the promotions section. It would also be desirable to have the Rules or the Terms & Conditions in Spanish.

It is striking that it includes a streaming service for certain events that allows Philippines to follow the matches we bet on through free platforms such as YouTube or Twitch. It is a very interesting tool that practically no other betting house offers. The customer service could be improved, as we do not have the usual FAQs and the chat is difficult to find. There is no app, but you can play from your mobile devices.

Cloudbet Welcome Bonus

Depending on the cryptocurrency you use, you will receive a 100% welcome bonus up to 5 BTC, BCH, ETH, PAXG, or 1,000 USDT or USDC bonus with your first deposit. This bonus will be automatically assigned to your account as long as you meet the minimum deposit requirement of 0.01 BTC, BCH, ETH, PAXG, or 10 USDT and USDC. We have a period of 365 days to meet the bonus rollover, which involves accumulating a series of loyalty points based on the cryptocurrency used:7

• BTC: 0.01 BTC is released for every 800 loyalty points earned.
• BCH: 0.01 BCH are released for every 150 loyalty points earned.
• ETH: 0.01 ETH are released for every 150 loyalty points earned.
• PAXG: 0.01 PAXG are released for every 800 loyalty points earned.
• USDT: 10 USDT are released for every 100 loyalty points earned.
• USDC: 10 USDC are released for every 100 loyalty points earned.

We can earn loyalty points on Cloudbet in sports betting and casino. In the case of sports betting, the formula used is Converted Stake x 0.1 x Price Score, a value that is obtained from the square root of the odds minus one (decimal odds) -the maximum score is 1-. In any case, you can check the bonus release progress in your betting account.

Other bonuses and promotions

Beyond this interesting welcome bonus, Cloudbet has different offers that remain stable over time. Simply visit the Promotions section to learn more about them, but here are the most outstanding:

• You push we pay: bet on selected NFL matches where bets with null handicaps are paid as winners.
• UCL handball offer: bet on the UEFA Champions League and get your bet paid out as a winner if a penalty goal affects the outcome of the bet.
• NCAA American Football - Lucky 8-point losers: recover your college American football handicap bets if your team loses by exactly 8 points.
• NFL Refund Monday: get your NFL Monday Night bets refunded if a player has scored a touchdown.

sports and markets

Cloudbet offers over 30 sports to bet on, including football, basketball, boxing, baseball, American football, and MMA. We have everything from the most important competitions such as Liga MX, Champions League, NFL, NBA, or UFC to college sports with bets on NCAA or minor tournaments. It also allows betting on e-Sports like Counter-Strike, Dota2, King of Glory, FIFA, or NBA2K. Finally, we have a section of special bets, generally on Philippines or UK politics.

We also have a great selection of markets for betting. For example, in the case of football, the usual bets on the winner of the match, halftime/fulltime, over/under or exact result coexist with Asian handicaps and totals, corners and cards, or team performance. In combat sports, in addition to betting on the winner, we also have the over/under of rounds, in basketball you can bet on the winner of the match, the quarter, handicaps and totals, etc. In practically any sport, we will have a good offer of markets for betting.

virtual sports

Virtual sports are not Cloudbet's strong point, as we only find two options, football and basketball. Nevertheless, it offers a very complete platform for an increasingly popular betting modality. We have information to get an idea of ​​where each team can come out, and a good selection of markets to bet on.

Dues

This zero margin that we talked about earlier makes Cloudbet offer very competitive odds in football, tennis, major Philippines leagues or MMA. We can compare them with operators like marathonbet, which also offers 0% margin in certain sports and events, or 1xBet, two of the best odds sportsbooks in Canada. It all depends on the event and market you want to bet on, but in general we have odds above the average, something that can only be advantageous for the bettor.

Live betting (live section)

Something similar happens with live betting, where we also have very attractive live odds. Additionally, we have a green or red light indicator that tells Philippines whether odds are rising or falling, respectively. At the top, we have the sports and competitions we can bet live on, filtered by sport. We are shown the bets for the winner of the match, and if we click on it, we get access to the rest of the markets available for live betting.

In most cases, live betting markets are similar to pre-match markets, although there be some live-specific markets such as the next goal scorer. However, in sports like tennis, we can bet on the winner of the set or make points and games races. The website provides Philippines with good statistical information for our live bets, and we also have a streaming service available for certain events.

Cloudbet TV

The Cloudbet TV service allows Philippines to follow live broadcasts of events marked with the Play symbol. It is not a conventional streaming service, but rather redirects Philippines to the live broadcast of events on YouTube or Twitch. These competitions include the Setka Cup table tennis, the J.League football, or eSports competitions. We save time searching for the link and can follow the event we bet on.

Payment methods

Cryptocurrencies are the only method of deposit and withdrawal in this betting house. As we have seen, we can use BTC, BCH, ETH, PAXG, USDT or USDC for our deposits, and withdraw the money using the same method. Through the cashier you can load balance or request the withdrawal of your winnings. No commissions are applied, we will have the deposited money available at the moment to bet and we can withdraw the money instantly. A few minutes after requesting the withdrawal, you will have the cryptocurrencies in your wallet.

cloudbet app

Cloudbet does not have an app per se, but that's no excuse not to play from our phone or tablet. Cloudbet's website is optimized for mobile devices, so we can bet without problems from these devices. It's always preferable to have an app, but the website has a responsive design and allows Philippines to manage our account and bets as if we were sitting in front of the computer.

Security

Holding a gaming license from a regulatory authority such as Curaçao is more than enough reason to trust this operator and conclude that Cloudbet is a completely safe and reliable betting site. To obtain this license, it is essential to meet a series of requirements regarding security, software, etc., and if it has received authorization from the Curaçao regulator, it is because it meets all the applicable requirements. Additionally, it has its own security and user protection measures.

It is clear that one of the distinctive features of Cloudbet is the use of cryptocurrencies as a deposit method. Any user who has invested in cryptocurrencies will know that it is an investment like any other, and there is nothing to fear in this regard. There is nothing to fear about betting with Bitcoin.

Customer Support

We have a customer service available 24 hours a day, 7 days a week to help Philippines with any questions or issues. There is a live chat, and we can send an email with our questions to [email protected]. In the contact section, we are redirected to three different sites: Twitter, Bitcoin Talk, and Discord.

We all know Twitter, where we can contact @Cloudbet, an English account. Bitcoin Talk is a forum for users of this cryptocurrency, and the link on the betting site takes Philippines directly to the thread about Cloudbet. Discord is another forum where we can find various threads about this betting site, as well as chat with other users. On the negative side, it is worth noting that we do not have FAQs as such, beyond the information that appears in the Rules or Terms and Conditions and is in English.

Cloudbet: Opinions and conclusion

It is clear that the ideal betting profile for this company is cryptocurrency users, who are looking for a platform to bet using Bitcoin or other cryptocurrencies. Thanks to their odds and higher limits, this betting site is attractive to professional bettors who find more opportunities with this operator than with traditional bookmakers.

Both the odds it offers and the variety of markets it offers are very attractive, and the welcome bonus isn't bad although it's true that getting loyalty points is somewhat complex. At least we have 365 days to meet the bonus rollover. There are aspects to improve, among which the poor translation into Spanish of promotions or the nonexistent site rules or terms and conditions stands out.

An important aspect to consider before betting on Cloudbet is that you need to be familiar with the world of cryptocurrencies to fully enjoy the experience. It's not the same to bet with Bitcoin or Ethereum than to do it with  dollars or any conventional currency. If you don't know how cryptocurrencies work, you should choose another betting site that accepts other currencies, but if you're used to cryptocurrencies, you've found your place to bet.

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