Cloudbet merges two popular topics, online betting, and cryptocurrency, to create a fun and immersive experience. The following is a Cloudbet review covering gaming experience and popular end-user questions as well as instructions on how to win the biggest bonus in the sports betting industry – 5 Bitcoin Bonus.
Cloudbet Bitcoin Bonus
100% Deposit Bonus up to 5 Bitcoins
Created in 2013, Cloudbet has gone to great pains to establish itself as a leader in online betting, the crypto sportsbook, and an overall casino-like experience. The site has a recently updated interface, which is even more intuitive than before, making it one of the most user-friendly interfaces on the market.
The site only accepts deposits via BTC, including both placing bets and withdrawing funds. The following is a review of Cloudbet, where it excels, and where it could improve.
Sign-Up and Ongoing Promos
Like most land-based betting enterprises, Cloudbet makes bonuses and promotional items available to its potential and existing customers. Each account is associated and designed to make it easy for you to engage in sports betting, slots, table games, and much more.
Registration and Account Setup
Your eligibility to participate in gambling for money is verified by Cloudbet through your computer location. If you are restricted or prohibited from gaming online, a window pops up that informs you of that status. If you fall into that category, there are still several features that make visiting the site worthwhile.
This is standard to joining just about any online vendor. You must fill in your name, address, and a few standard boxes. You also have to verify your email. Once the registration form and verification are complete, your account is created. It is password protected and has a 2-factor authentication feature for added security.
Once your account is started, you can add funds from any currency you would like. The currency is translated into cryptocurrency. Once that is done, you are ready to start betting on sporting events or playing any game (or several) of dozens of games (slots, table games, etc.).
The most common Cloudbet bonus that everyone depositing funds is handed is the sign-up bonus, which is a 100% match of the first deposit. The margin increases to 5 for BTC, ETH, and BCH and as high as 1,000 for USDT. Bonus amounts are released based on loyalty points earned by betting on sporting events and playing slots or table games.
Rates will fluctuate based on the currency used.
Ongoing Promos and Bonuses
Zero-margin betting options are available for selected sports, leagues, and games for the first 1,000 customers of each event. This promo ensures some of the best prices in the online gaming market. Customers cannot, however, exceed the equivalent of $1,000 in winnings.
Cloudbet Policy on Promos and Gaming
Cloudbet reserves the right to:
- Change a promotional feature with no notice
- Prohibit the award of a promotional feature if it determines the end-user is abusing the promo
- Ban accounts from receiving promos
- Prohibit specific gamers from participating in their online gaming activities
- Suspend and ban accounts as is appropriate (for issues like cheating, abuse, etc.)
Additionally, all other rules and policies apply to the game function. If, for instance, an error happens or a game freezes on your computer, Cloudbet is not obligated to honor any of the results of that sequence.
Any complaints or disputes must originate with Cloudbet’s customer service through email or chat. An advisor will investigate the concern and attempt to address it. If the address is not satisfactory, you must submit a formal, written complaint to the head of Customer Support.
The internal complaint or dispute process will end with the decision by the head of Customer Support. At that point, if you still have a complaint or dispute, Alternative Dispute Resolution processes will commence.
Like most casinos and betting enterprises, Cloudbet removes most obstacles to gaming whenever it can. This includes making banking virtually seamless. Whether depositing or withdrawing, the focus is on customer service.
All deposits and withdrawals are secure and anonymous.
Cloudbet makes banking easy. Users create an account, choose their preferred currency and deposit cash and cryptocurrency to the provided address. QR code scanning is also an option, which makes the entire experience a little bit quicker.
Deposit to availability times is near-instant, meaning there is no significant waiting period for deposited funds to show up in an account. Standard banking and transfer fees apply to all deposits per banking policies. Minimum deposits range from BTC 0.0001 to USDT1.
There are multiple deposit options in terms of methods of deposit. This list does change, so verifying it on the Cloudbet website is a good idea. One downside about deposits: Cloudbet does not accept deposits via e-wallet or cards.
Withdrawals are almost as easy. Withdrawals from the Cloudbet sportsbook or any associated account can be executed immediately. Charges range from free to 5%. Standard banking and processing fees apply. Typically, the processing time is 24 hours. There are minimum withdrawal amounts that range from Btc 0.0001 to USDT 1.
As with deposits, multiple options for withdrawal have varying fees and processing times. These also are subject to change, so verifying on the Cloudbet website is a good idea.
Cloudbet offers several ways to participate in gaming. Here are the two most popular (and easiest to get started with.)
Cloudbet has several live betting options. These include betting on sporting events as well as esports events. The website has a new betting interface that looks sharper and more intuitive than in the past. It is also easier to use and has multiple features that can help gaming with real money online.
Options include in-play betting, and there are usually several matches happening. Events will usually have associated graphs and stats to aid in determining bets. Most major sports (Cloudbet covers 20 sports) are covered, and games in progress have real-time updates. Betting lines are updated as they are posted.
Compared to standard Las Vegas bookmakers, Cloudbet offers competitive odds. As with all sports betting, physical, in-person, or online, there is a delay with Cloudbet esports’ between live-action and available bets to ensure that every gamer has the same odds when wagering.
As mentioned above, there are zero margin promotions for selected leagues.
If there is one area Cloudbet could work on it is their live streamlining system. Streams are usually focused on e-sports and have a very basic interface. The live stream backbone is Twitch, which is featured on the live betting section. Bettors can participate with in-play markets, but there are not many opportunities.
If you are not familiar with online betting, it pays to research how it works, odds, bet placement, and other aspects of the practice. There are multiple instructional guides online that can help.
The site offers over 1000 online slots, live dealers, video poker, and table games. Players can connect through their existing accounts. Its games come from top names in casino gambling, including NetEnt, Microgaming, and Play’n GO. Table games with live or automated dealers as well as live and animated competition, or no competition at all, include:
The slots offered on the Cloudbet site are the standard fare. Players have the option of playing regular or jackpot slots. Bonuses awarded in slots games include free spins, multipliers, extra wild symbols, and “pick=me” bonuses that can result in all of the above as well as a higher payout.
The games range from traditional with three, five, or ten pay lines to very complex with over 1,000 pay lines. Each game displays the Return to Player ratio (RTP,) which in most cases are in the same range as any other physical or online casino. Each game also displays:
- Game difficulty
- Game volatility (inclusion of violence, excessive noise, or activity)
- Number of reels
- Type of bonuses
These are provided to help the bettor determine the odds for winning and make an informed decision about what to expect.
Generally, as with a physical casino, there are a few types of slots players: some that love a specific game, some that like a lot of action, and some that like higher risk and larger payouts. Cloudbet has options that will meet all those requirements. Unlike physical casinos, another benefit of Cloudbet is there is no waiting for a game because someone else is playing it.
The table games offered by Cloudbet are also the standards in any physical or another online casino. Those include:
- Video Poker
Bettors can play against a computer or other live participants, with a live dealer or a computerized dealer, and in both live-real-time and via animation. There are several different versions of poker, blackjack, roulette, and craps.
Provably Fair Games
Another feature of Cloudbet that covers all games is the “Provably Fair” system. This system uses an algorithm to encrypt all gaming and game-related data from the casino and other end users. The encryption ensures that the gambling is completely objective and no party can gain an upper hand via access to information that is not publicly disclosed.
The benefit of this program or feature is that no one can gain an upper hand. The dealer whether it is a live person or computerized card distributor does not have any inside knowledge that could influence how a particular hand is played or bet is placed. The same applies to every other player, including the player in question. This ensures complete fairness in the outcome.
It should be noted that this does not even the odds between players and the casino. The house still has the upper hand both in terms of a specific hand or in general as it relates to gaming. “Provably Fair” games eliminate one method of cheating by the casino or end-users.
The odds of winning or losing are not affected either. Each game displays the RTP for that game, which allows users to pick the games they think they will do well on. “Provably Fair” does not factor into the RTP except in terms of peace of mind that the results are random.
Features of Cloudbet
There are several aspects of the Cloudbet experience that set it apart. This section covers the most popular.
Cloudbet does not yet have a Cloudbet mobile, native sports betting app. That does not mean placing bets via a smartphone is difficult. The Cloudbet website loads easily and clearly on all mobile devices, and both navigation and gaming are easy to manage. Unlike many online casinos, the Cloudbet website looks and feels like a mobile app, even though it is a standard website.
Users can instantly review the sportsbook, sign in to their account and modify their betting slip. If the user would rather play slots, those load just as easily and quickly. Play for options like slots or other games is as seamless as through a mobile app.
Withdrawals and deposits are also easily made on a mobile device. This ensures you have total control whether you are playing on your PC or laptop or your mobile device.
The security on the Cloudbet app is robust and has been very successful since the opening of the casino and sports betting operations in 2013. Every connection is encrypted, which ensures completely secure transmissions. The standard encryption is in addition to the “Provably Fair” method of encryption. Logging into an account also utilizes two-factor authentication for added security at the initial Cloudbet login.
The Cloudbet team knows the importance of security for end-users, bettors, and Cloudbet’s reputation as an online casino and sports gaming establishment. It takes security very seriously. Because of that, the company audits its security processes and updates those measures at scheduled intervals. It also updates all security processes when a new threat arises, or new technology could enhance the experience and security of the bettor.
Availability and Licensing
The following are the rules for availability, type of gaming permitted (if any is), and general gaming licensing.
As mentioned, the laws and rules of specific jurisdictions govern accessibility to Cloudbet. There is no, for example, Cloudbet USA option because the organization is not licensed anywhere in the USA for online gaming. Cloudbet disables the wagering function of the site when gaming is prohibited.
There are a few “free-play” games, and someone that is not legally allowed to bet can still enjoy the gaming action. These are primarily available on-the-table games. When using the free-play function, no statistics are recorded or maintained (winning hands, losing hands, amount of funds, gaming history, etc.)
Business and Gaming Licenses
Cloudbet is owned and operated by Halcyon Super Holding B.V. and is registered in Curacao as an official eGaming venue.
There are several ways of contacting customer support when on the Cloudbet site. Currently, Cloudbet does not have phone support available.
The Cloudbet support team supports English and seven other languages. The organization also maintains an active social media presence on Twitter (@Cloudbet.)
Live chat is available 24/7. There is a screening access page within the chat feature that narrows potential questions or concerns for a user. After that, the chat is live. When using chat, a Cloudbet agent on the support team will interact with the end-user and help them with all issues about gaming, games, deposits, and withdrawals.
The agent cannot help with banking or jurisdiction issues.
Users can send an email with an inquiry to firstname.lastname@example.org. Response times vary, but it is usually within 72 hours. Email is not a primary form of communication with the Cloudbet team, but live chat is.
How to actually win bonus?
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
Basics of this Bonus
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.
Can realistically win this 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.
What’s best strategy for winning a 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.
The following are commonly asked questions about Cloudbet and its policies.
Is Cloudbet a reputable online gaming source?
Cloudbet has been around since 2013, has hundreds of thousands of customers, and is known as a leader in the online gaming industry. The company maintains registration as an online gaming enterprise in Curacao.
Is there a sign-up bonus?
Every first deposit of BTC 0.01 or more receives a 100% matching welcome bonus up to BTC5. Bettors receive incremental bonuses based on loyalty points. 0.01 BTC gets awarded for every 800 loyalty points earned. Loyalty points function much in the same way as loyalty points awarded in a physical casino.
Does Cloudbet have a mobile app?
No, but the website is mobile device friendly. It is also fully navigable for accessing and playing games, reviewing bet slips and game odds, placing bets on events, and withdrawing funds per Cloudbet company policy.
Does Cloudbet take cash for bets?
Cloudbet does all betting with Bitcoin. You convert fiat currency into BTC before you place any wagers.
Are deposits and withdrawals instant?
Deposits are instantly or near instantly deposited into an account. A Cloudbet withdrawal can take 24 to 48 hours.
Cloudbet is a dependable and reputable online gaming resource that actively improves its site and gaming opportunities. As with anything, it pays to know the Cloudbet system for gaming before you start wagering.