Cloudbet Review

Cloudbet Review

Looking to bet at one of the best crypto sportsbooks? Cloudbet is definitely up there on that list.

Cloudbet is a secure online gambling site that presents customers with a reduced juice sportsbook, a comprehensive casino, a racebook and an esports betting hub. That's quite the package.

The business was established back in 2013, when the crypto market was still in its infancy. It now claims to have more than 100,000 customers spread across the world. Cloudbet accepts customers from all countries apart from the United States, the UK, Hong Kong and Singapore.

Cloudbet Background

The site is owned and operated by Halcyon Super Holdings BV, which is based in Curaçao. It holds an online gambling license from Gaming Curaçao, which is a respected regulator in the region. All online casino games are subject to testing by external examiners on a routine basis, and it is widely considered to be a legit online casino and sports betting site that pays out on time.

There are lots of compelling reasons to sign up for a Cloudbet Sportsbook and Casino account. It offers huge betting limits of up to 36 BTC, which generally equates to more than $1 million. The welcome bonus also goes up to 5 BTC, so this is a great option for high rollers. Yet it also caters to casual sports bettors and online casino players with low minimum deposit options and some fun promotions.

The payouts are also rapid, the site is stylish and the odds are very attractive. This Cloudbet review will explore the site's key strengths and weaknesses. We will break down the welcome bonus, highlight the additional offers, explain the deposit methods and payout speeds, and give a verdict on the quality of the software, the odds, the betting options, the casino games and the customer service support team. Read on to learn more about this popular crypto online sportsbook and casino site.

Deposit Bonus

The Cloudbet welcome bonus is a 100% match deposit offer worth up to 5 BTC. This is an online casino bonus. The bonuses and promotions at Cloudbet tend to focus on the casino section.

You can alternatively receive a deposit match welcome bonus of up to 5 PAXG or DASH, 20 ETH, 50 LTC, 75 BCH, 125 BNB, 400 LINK, 500 SOL or UNI, 650 AVAX, 2,500 DOT or FTM, 3,000 MATIC, 5,000 ALGO or BUSD 10,000 USDP, 35,000 XLM, 40,000 DOGE, 50,000 ADA, DAI, USDT or USDC, 75,000 XRP or 200,000,000 SHIB on your first deposit. If you are making a fiat deposit, you can claim a 100% bonus up to €50,000, $50,000 CAD$70,000 or JPY 6 million.

It is extremely rare to see such a large welcome bonus. The bonus credits will be released into your account on an incremental basis until you reach the full amount. Every time you reach 150 welcome bonus points, an increment of the bonus will be released. Bonus points are calculated via the following formula Converted Stake x 0.008 x (100-RTP).

You have a total of 60 days to earn the welcome bonus points, and a chart will keep you updated on your progress. The bonus funds are released as cash and you may withdraw them as you see fit.

Ongoing Bonuses

Most of the ongoing bonuses and promotions at Cloudbet are for online casino players. However, there is one excellent bonus that should appeal to sports bettors: zero margin lines. When this promotion is running, Cloudbet allows 1,000 customers to enjoy zero juice odds on selected events. This applies to moneylines, point spreads and totals on select NBA, NFL, MLB, college football and college basketball games. It also applies to winner bets on certain NHL games, MMA fights, tennis matches and Indian Premier League cricket matches, plus match result, total goals and Asian handicap lines on select soccer games. The zero margin markets close when the 1,000-player limit has been reached, or when the game starts, so make sure you grab these lines quickly when they appear. You can win up to the equivalent of $1,000 in crypto at the zero margin odds.

Casino Bonuses and Promotions

All other promotions at Cloudbet are aimed at casino customers. If you deposit €20 or more into your Cloudbet account on a Tuesday, you will receive 20 free spins to use on the Jurassic Party slot from Relax Gaming. Any winnings earned will be paid out as site credit, and you must then complete a 40x wagering requirement on them before making a withdrawal request.

Another promotion is called Mega Flash Win. You can earn up to 1,000x your stake when playing Spinomenal slots on a Wednesday via this bonus. The Mega Flash Win multiplier will be randomly triggered during the gameplay. The slot covered by the promotion changes each week. During the promotion period, the game will have its RTP set to 97.5%.

Loyalty Program

Additional bonuses geared towards casino players depend upon which loyalty tier you fall into. There are six tiers to climb: Bronze, Silver, Gold, Emerald, Sapphire and Ruby. You will earn Lightning Points by playing games and placing a sports bet. These loyalty points can be exchanged for bonuses, such as site credit, free spins with zero wagering requirements and other rewards.

Visit the “My Account” page at any time to check which tier you are in. You will also see the requirements needed to climb up to the next level. If you reach the Ruby tier, you will receive a 2x Lightning Points multiplier, bespoke bonuses, priority customer service, a 4x accrual rate on sports betting points, a 1x sports rollover requirement and a dedicated account manager.

Players in each tier apart from Bronze will receive a reload bonus each Thursday. If you fall into the Silver tier, you will get a 50% deposit match bonus up to €125. Gold members earn a 50% bonus up to €275. Emerald members get 50% up to €1,250. If you make it to Sapphire, you will receive 100% up to €2,500. Anyone in the Ruby tier earns a 100% weekly reload bonus up to €5,000. The rollover requirement is 40x for Silver members, 35x for Gold, 30x for Emerald and Sapphire, and 25x for Ruby.

Deposit Methods

Cloudbet accepts a variety of cryptocurrencies. You can use Bitcoin, Ether, Bitcoin Cash, Litecoin, Tether, USDC, Binance Coin, Chainlink, DAI, PAX Gold, Dash, Solana, Uniswap, Avalanche, Polkadot, Cardano, XRP, Stella Lumens, Polygon, Algorand, BUSD, Fantom, Dogecoin and Shiba Inu to fund your account.

Just use a QR code and send the funds from your Bitcoin wallet or altcoin wallet to your Cloudbet address. The minimum deposit is 0.0001 BTC, ETH, LTC or DASH, and there is no maximum limit. This is a great option for high rollers, as you can wager up to 36 BTC on a single bet. It is also perfect for casual players, with a minimum deposit of just 1 USDT or USDC if you are using stablecoins.

It is worth noting that Cloudbet receives deposits into cold storage. The majority of the funds are held offline, away from hackers. Cloudbet also keeps enough crypto in a hot wallet to ensure it has the liquidity to pay out winning online sportsbook and online casino players each day. This is a secure, legit and trusted online gambling site.

Withdrawal Methods

You can withdraw via any of the cryptocurrencies mentioned above. Cloudbet offers fast payouts. Most transactions are approved automatically, so you should receive your funds within 15 minutes or so, depending upon network speeds.

Large transactions will not be covered by the fast withdrawals system. They need to be processed and approved manually, so it is a slower process. You can contact the customer support team if you would like an update on when you will be paid. Live chat support is available, along with email.

Sportsbook Menu

Cloudbet offers a very impressive online sportsbook. It operates on low margins, providing customers with significantly reduced juice on its betting lines. For example, we found odds of 1.95 (-105) one team covering the spread on an NBA game when conducting this Cloudbet review, and 1.93 (-108) on the other team covering. That represents a house edge of just 3.1%, which is vastly superior to the industry standard of 4.77% on -110 / -110 lines. The odds on sports such as soccer, tennis, baseball, football, hockey, boxing, UFC and golf are also among the best in the business.

It also offers some of the highest betting limits on the market. Maximum bets vary based on the sport, league and game. The maximum bet amount will increase as an event grows nearer and liquidity increases, but you can often wager up to 36 BTC. Casual players will find very low minimum bet limits too.

Sports Covered

Cloudbet Sportsbook lists its most popular sports as football, basketball, baseball, soccer, MMA and tennis. You will then find an A-Z of all the sports covered running down the main menu. It is extremely comprehensive. Popular sports such as ice hockey and boxing rub shoulders with niche pursuits like Kabaddi, badminton, squash and handball.

Each sport is covered very comprehensively. For example, basketball fans can bet on action taking place in the Belgian second division and women's regional leagues in Australia. Soccer bettors will find sports betting markets on a huge array of amateur, women's and youth leagues from around the world, while games in countries such as Bangladesh and the Faroe Islands are featured. There is also a politics section, focused on elections in Brazil, the UK and the USA, along with a vast virtual sports betting hub.

Betting Options

Cloudbet offers a very broad choice of betting options too, particularly on major sports. For example, you will find a long list of alternative lines and totals on an NBA game, along with first and second half handicaps, team totals, consecutive points markets, “race to” bets, winning margins, betting on each quarter and a huge array of player props. Major sports such as football, baseball, soccer and tennis are covered in a similar level of depth at this top-notch online sports betting site. Cloudbet regularly offers the best odds on the market on prop bets and alternate spreads.

Website Review

The Cloudbet website is similar to many rival Bitcoin betting sites – dark, stylish, powerful, easy to navigate – but it is more polished. It has been around for a lot longer than rival Bitcoin sportsbooks and online casinos, and the team has continually improved the user experience over the years.

It is divided into nine distinct sections: sports betting, esports betting, a racebook, online casino games, live casino games, Provably Fair games, a bonuses hub and a blog. The blog mainly focuses on developments at Cloudbet Sportsbook and Cloudbet Casino, but it also provides interesting content on the crypto market, plus betting strategy guides and the odd sporting preview.

Icons on the main toolbar menu at the top of the site take you through to each section. Within the Cloudbet Sportsbook, you can easily bring up a menu that provides links to each sport covered. The navigation system is simple and effective, and there is a powerful search bar too.

You can benefit from some excellent features. For example, it provides detailed pre-game statistics to help you make betting decisions. A chart also shows you the volume of bets placed on each team. It does not offer same game parlays or live streaming of sports events yet, so they are potential areas for improvement in future. Yet the overall website is very impressive.

Cloudbet Mobile Review

Cloudbet does not have a native mobile app. However, the site has been optimized for mobile use, allowing you to enjoy pre-game and live betting, slots, table games and live dealer games in the palm of your hand.

The mobile site follows an identical format to the desktop site, but with a few added features and shortcuts that make the mobile browsing experience easier. We tested it out on a variety of Android and iOS devices for the purposes of this Cloudbet review, and we were impressed with how quickly the pages loaded up.

It provides a very smooth and dependable mobile betting experience. You cannot afford to cut corners when you are actively targeting tech-savvy crypto users that spend hours on their mobile devices each day, so Cloudbet has invested in a high-quality interface and powerful software.

Everything can be conducted on your mobile – you can make deposits, claim a deposit bonus, earn loyalty points, place bets, play casino games, access all the withdrawal options Cloudbet offers to cash out your money and speak to the customer support team, so you never need to use the desktop site.

Cloudbet Live Betting Review

Click on the “In-Play” option near the top of the main menu at Cloudbet Sportsbook to see a list of live sports betting options at any time. It covers a long list of traditional sports and esports in-play. The layout is intuitive and easy to navigate, so Cloudbet is perfect for live betting.

You will be presented with a comprehensive selection of live sports betting options. For example, when watching a tennis match, you can bet on the outcome of every single point, the correct score of each game and set, a race to 2 points within each game and whether there will be a tie break in each set. Lots of other sports are covered just as comprehensively, and you will find some of the best odds on the market.

Cloudbet Casino Review

Cloudbet offers a reasonably strong online casino. It features hundreds of elite slots from famous providers such as NetEnt and Red Tiger, a suite of live casino games from Evolution Gaming and a strong Provably Fair gaming section.

You might be wondering: is Cloudbet legit? It is a regulated online casino, owned by Halcyon Super Holdings, with licenses from Gaming Curaçao and E-Gambling Montenegro. That means its games are regularly tested by external examiners to check they are delivering fair, random results.

The casino is laid out in a neat format, with sections for high roller games, featured games, baccarat, blackjack, jackpot slots, roulette, slots, additional table games and virtuals. The RTP rate of each game is clearly displayed, along with the supplier.

Slots

The best slots at Cloudbet Casino are supplied by NetEnt and Red Tiger, both of which are owned by Evolution Gaming. You will also find some slots from Betsoft, Tom Horn and Relax Gaming, but the NetEnt and Red Tiger slots are often of a higher quality. The one slight shortcoming is a lack of progressive jackpots. The jackpot slots section features a few games from Betsoft, but they are not going to make you an instant millionaire.

Table Games

Betsoft also supplies most of the virtual table games. The range includes European roulette, baccarat, eight blackjack variants and a few table poker games. There are no video poker games. The best table games at Cloudbet are the first-person games supplied by Evolution Gaming.

Live Dealer Games

You will find the live dealer games located halfway down the main lobby section of the online casino. Most are supplied by Evolution Gaming. The range includes XXXtreme Lightning Roulette, Lightning Blackjack, Cash or Crash, Monopoly, Crazy Time, Lightning Roulette, Power Blackjack, Infinite Blackjack, Lightning Dice, Live Roulette, Free Bet Blackjack, Lightning Baccarat, Dream Catcher, Football Studio and Side Bet City from Evolution Gaming. There is also a blackjack lobby from Ezugi.

Cloudbet Racebook Review

Cloudbet relaunched an upgraded horse racing service in April 2022. It covers all races taking place in Australia, the USA, the UK and South Africa. That includes flat racing and National Hunt in the UK. You can also enjoy live streaming of all races in Australia and South Africa, and most UK races.

Early fixed-odds are available for Australian and South African races each day. As you would expect from one of the best sportsbooks that offers reduced juice, the odds are very competitive. The limits are also very high. You can bet on the win and the place on each race. The racecards are reasonably basic, but all the key details about each runner will be displayed, and it also shows you the percentage of wagers placed on each horse.

Cloudbet Esports Review

There is a specific esports section of the Cloudbet regulated site, which takes bets on 17 titles, from Age of Empires to Wild Rift. The sections for CS:GO, Dota 2 and League of Legends are the most detailed, but it also offers very strong coverage of Call of Duty, FIFA and NBA 2K.

A Twitch plugin offers live streaming of certain esports events within the site. The odds are competitive on esports, and it offers a strong choice of betting options, including total maps, map handicaps and correct scores. Live betting is available on esports too, and it has a Discord group for esports bettors.

Customer Service Review

The Cloudbet customer support team is available 24/7 if you use the live chat option. You can also use email for queries that are not particularly pressing. Beyond that, there is a reasonably detailed FAQ section too.

We tried out the live chat support at this Bitcoin casino and sportsbook, and we were impressed by the swift response times, the friendliness of the staff and the knowledge they displayed when answering our questions.

Conclusion

Cloudbet is an excellent crypto gambling site. The strongest section is the sportsbook, which offers some of the best odds in the world. Its coverage is vast, and you will be given a large choice of betting options on big games. Cloudbet also has very large betting limits.

The casino is not quite as comprehensive as rivals such as Stake.com and Thunderpick, but it still carries a broad, varied selection of games. The racebook is superb, and it has one of the best esports betting hubs we have seen. The customer service is reliable, payments are quick and secure. That's crucial in this business. As for he site itself, it's simple but stylish. Overall, this is a great place to play with crypto. We recommend Cloudbet to all online gamblers that want to use crypto for deposits and withdrawals.