To get a Cloudbet bonus, sign up and deposit up to 5 bitcoins. The bonus will be credited to your account. No promo code is needed. Follow these steps:
- Open Account here
- Deposit Bitcoins or other cryptocurrencies up to 5 BTC
Welcome Bonus, Promo Codes, and Loyalty Points
- 100% Cloudbet bonus is automatically credited to your account
- Promo Codes: don’t need one, because once you play you earn loyalty points
- Loyalty Points Earnings: 0.01 BTC for every 800 loyalty points you earn
Loyalty Points for Sports Betting
- Loyalty points = Converted Stake x 0.1 x Price Score
- The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1
What is Cloudbet Bonus and How to Win it
Your bonus is earned, when you collect loyalty points. They have a loyalty program, which means, that the more you play, the more bonus you can win.
They give you 0.01 bitcoin after you win 800 loyalty points. We must explain what are 800 points and if you want to win 5 BTC welcome bonus, you must earn 400,000 loyalty points. But even if you win only 1 bitcoin bonus, which is 80,000 points, that is still much more than any other bookmaker in the world.
When you earn 800 loyalty points, the bonus is automatically delivered to your balance on your Cloudbet account. So, you don’t need to worry about asking them if they will pay you. You basically make a deposit, bet all the time, collect the loyalty points and the bonus will appear directly after every 800 loyalty points. Simply as that.
The minimum deposit to receive a bonus is 0.01 BTC. So, you need to make a deposit of at least 0.01 BTC to win the bonus.
Cloudbet bonus further explanation with tips to win it
If you make first deposit bonus of 0.05 BTC, then you can win a maximum of 0.05 BTC. No matter if you later deposit 5 BTC. This is about first bonus. This is why I think, that if you decide to go for this bonus, you should deposit as much as possible because this is the max bonus you can win. If your first deposit is only 0.01 BTC, then your available maximum bonus is only 0.01. Make sense. Of course, you can not make a deposit of only 0.01 BTC and they will give you 5 BTC of the welcome bonus, right? So, how big is your FIRST deposit, this is how big can your bonus be at the end.
365 days to win bonus
You have 365 days to earn bonuses. So, after you make a deposit, get on work and try to win as much as possible loyalty points in next 365 days.
After you sign up and after you make a deposit, you will have see dashboard, where you will see your loyalty points and how much you need to the next level. After you sign in, the first thing you will see is your dashboard.
- BTC ACCOUNT – This is your account balance
- FIRST DEPOSIT BONUS – This is the amount of your firs deposit and this is the amount of bonus that you can win in next 365 days.
- LOYALTY STATUS (Points): Here you can see how many points you have earned so far. “To start earning your 100% first deposit bonus, collect loyalty points by placing sports bets and playing casino games. Points awarded vary according to the stake size, and price or game score. For more details, click the Terms and Conditions link at the bottom of this page.”
- LOYALTY POINTS (Total Required): Here you see how many points you need to receive next bonus. When you make a deposit and you start betting, you will start gaining points. Under the points you will see how many points you have already gained and on the right site (total required) you will see how many you need to reach 800 and receive your first bonus, which will be then added directly to your bookmakers account.
Cloudbet Loyalty Points Explained
Every time you make a bet, you earn points. But it depends how big is your stake and how big is the price or if you like the odds. The bigger the odds, the bigger the price.
They have loyalty points for Casino, Slot games, Live Roulette, Blackjack and The Slotfather, but we will focus on sports betting points here.
Formula for calculating loyalty points for :
Sportsbook: Loyalty points = stake (in mBTC) x price score (up to 1)
The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.
LOYALTY POINTS = mBTC *(√odds -1)
What is square root?
For example: 4 and −4 are square roots of 16. In our example we must calculate √odds. So, if the odds are 1.91, then we must first calculate: √1.95 = 1.396424004.
If you bet 0.01 BTC on the odds of 1.91, then you can calculate loyalty points like this:
Stake = 0.01 BTC = 10 mBTC
Square root of 1.95 = √1.95 = 1.396424004
LOYALTY POINTS = 10 *(1.396424004 -1) = 3.964240044
In other words, when you make a bet with the stake of 0.01 BTC (10 mBTC) and bet on the odds of 1.95, then you earn 3.964240044 points.
If you make 1000 bets in 365 days on the odds of 1.95, then you will earn 3,964, which is close to 4000 points. Because you get 0.01 BTC for every 800 points, you will earn 0.05 BTC in this example.
Note also, that you don’t gain more points if you bet the odds, which are bigger than 4.00 (+300 US odds). because the square root of 4 is 2. Then you calculate (√4 -1) = 2-1 = 1 and the rules says: “The maximum price score is 1”. In other words if you bet on the odds of more than 5.00, then you don’t make price score bigger. if you bet on the odds of 5.00, 6.00, 7.00 and so on, your price score will always be only 1. This is why I recommend, that you play the odds of 4.00 or lower.
How to win Cloudbet bonus?
Well, this is another question and I will try to make the best strategy for you.
What have we learned so far?
You can win bonus from range 0.01 BTC and up to 5 BTC. The more you deposit first time, the more you can win. If your first deposit is only 0.01, then you can win 0.01 in next 365 days
You compete for his bonus in first 365 days after you make first deposit.
You earn loyalty points and after you earn 800 loyalty points you win 0.01 BTC. This amount of bitcoins will directly appear on your bookmakers account. No need to ask them, call them or send then special note. It is automatically processed.
Loyalty points formula = mBTC *(√odds -1)
IN ORDER TO WIN 5 BTC WELCOME BONUS YOU NEED TO EARN 400,000 POINTS!
If you bet on the odds of more than 4.00 you don’t win more points and I personally recommend to stay in the range of the odds of 4.00 (US odds +300) or below.
The best odds are on point spread games like basketball and American football. I would stick with the sports with the lowest margins. In other words, this will tell you how much money you lose every time you bet. Every single bookmaker has margins and Cloudbet is among the best in the world. Especially if you bet on NBA, NFL, also MLB, NHL.
As you see, if you will make a lot of bets and if you bet flat with 2% of starting bankroll (whole time during 365 day period), you will not earn 400,000 points, which we need for 5BTC welcome bonus.
But this is still not bad – in fact is very good. If you are not greedy, you can make 1000-1500 picks in one year and you will still earn from 40,000 to 60,000 points which is equivalent to 0.5 BTC to 0.75 BTC (in November 2017 bitcoin was worth around $7000 and because of that 0.75 BTC equivalent to around $5250. So, even if you go with safer strategy, you will win the biggest bonus, because it is hard to find any other site, which will have a bonus of more than $5000. This is an option if you bet with cloudbet and you take safer strategy.
Flat strategy with the fixed stake of 4% of starting bankroll
If you take little bit more riskier strategy you can earn 400,000 points if you make close to 10 bets per day and if your average odds are around 2.50. At the same time you must look, that you don’t lose the whole bankroll, which is very hard, because the high odds will also have bigger ups and downs and with 4% per bet it will be tough to survive this. But it is possible.
Proportional strategy – this is when you bet 3% of your current bankroll. You bet more after you win and you bet less after you lose – depends on your performance.
To win this HUGE bonus of 5 BTC you will also need to make very good bets and you need to make some number of bets. My betting models have the best results on Basketball and Baseball. You can get both methods in my A Journey Online Betting Course or you can get separate Basketball method for cheaper price here. I will take for this example my basketball betting performance (average odds of 1.91, yield: +14.14 on 394 picks) and my MLB baseball betting model and it’s best performance – playing the odds between 1.75 and 2.9 (500 picks, +105 units and the yield of 10.14%) to see if we can win 5 BTC Welcome bonus.
- Basketball: average odds at 1.91, yield: +14.4% on 394 bets (7 push bets = 387 bets)
- Baseball: average odds (playing odds between 1.75 and 2.9) at 2.05, yield: +12.24% on 500 bets
If we adjust the numbers and take both records together: 887 bets, avg odds: 1.99, yield: +13.18%
This is an example, if I can make very good bets. (Those are the bets with my best performance in 2017 (on basketball and MLB following only the model and the odds between 1.75 and 2.90))
The bets were made from February, when basketball leagues were in full run and until the end of regular MLB season in October. So, this is in the range of less than 365 days.
Let’s take an ideal example, that you can re-calculate the stake after every single bet and that you make the yield of 13.18% on 887 bets. Yield will tell us, that every time we make a bet, we can expect in our example 13.18% growth.
The results: 500,486 loyalty points and your bonus of 5 BTC is earned.
If you reach a yield of 8% on 887 picks and if you can recalculate the stake after every single bet, you need to play 4% of your current bankroll on every single bet to reach 410, 959 loyalty points (400,000 loyalty points = 5 BTC).
But this is just ideal picture to get the better picture how to win this bonus and the chances that you reach this are very small if you will bet less than 4% on every single bet.
Of course, if you bet 10% on every single bet, you will make much bigger bets, but betting 10% is very risky. Even 4% is a risky business. In this case you need some very good method, betting model or you just need to be very good bettor. Most bettors in the world are just 50% bettors and they will not make a profit on the long run because of the margins. There is another group of bettors, that don’t have any strategy and they bet high percentage on every single bet. This type of bettors will need a lot of luck, maybe it is better to play roulette or casino if they want to gamble, after all Cloudbet has a very good casino site. There is small % of winning bettors, that have long term strategy and are profitable over the years. Most of them will reach yield under 5%. They can win huge bonus here. Maybe they will not reach 5 BTC, but even if you win only 0.5 BTC bonus, this very high amount of money compared to other sites bonuses. And there is a very tiny % of bettors, that can make a yield of 10% on more than 1000 picks in one year and even they will need little luck to win whole 5 BTC welcome bonus.
Final Thoughts about Winning a Cloudbet Bonus
The best strategy to win this bonus is simply – to not focus on it. If you will focus on this bonus, you will fall into the trap. I think the best strategy is to make as big as possible first deposit and then bet every day small percentage of your bankroll. Simply bet for yourself and analyse games. The flat strategy will not be enough if you want to play with some proper and safe strategy. This is why I think, that the best strategy to win this bonus is proportional strategy, where you bet more after you win. Of course, you will need to make good bets too. If you don’t make good bets and some decent yield it is not possible to win 5BTC welcome bonus.
If you like to risk little bit more, you can bet 5% on every single bet and try to make the best possible bets. The goal is that you never bet too much, because you must protect your money, but at the same time, you want to make bigger and bigger bets. Bigger and bigger bets will be made only if your bankroll will grow, which is of course not always ideal picture. We bettors can struggle at some point and this is where you will not make profit.
But the good thing is that you have 365 days.
Most people will not make 5 BTC, because it is almost not possible to win it. To win this, you must be among the best bettors in the world. But still, Cloudbet have the guts to offer this kind of bonus and some of us will win this for sure. There are not many other bookmakers out there, who are willing to pay you such a big bonus.
Good thing is that they pay you after every 800 loyalty bonus. And I think this is something, that you must focus on. Just focus on your +EV betting, stay disciplined, bet with proportional strategy, bet a lot of bets and you can win 0.1 BTC, 0.5 BTC, 1 BTC bonus. All those numbers are very good and depend on how much you bet. It is great, that they don’t ask you to roll-over 10 times, but just be active.
With Cloudbet you basically earn your first bonus (0.01) after you earn 800 points.
|No of bets||Stake (mBTC)||Loyalty points|
If you make a deposit of 5BTC and if your starting stake size is 2%, then your initial bet is 100 mBTC. After 21 bets, you already earn your first bonus, which will be 0.01 BTC (10 mBTC). This is also great motivation to bet more and keep betting with discipline and patience.
Cloudbet welcome bonus is great because you earn bonus slowly and if you risk a little bit more and if you have a very good year, you can hit a 5 BTC welcome bonus too. I would not take a risky strategy, but I would bet with a safe strategy and I would focus on my betting. But if your goal is to reach 5 BTC bonus, you will need to risk a little bit more. Bet a lot, recalculate bets every day and make a lot of bets in 365 days, this is how you can win full 5 BTC bonus.