Summary

Cloudbet does things BIG. It offers the biggest sign up bonus in the market. It provides massive maximum bets in sporting events and casino table games. It has integrated loads of 3D slots and a top notch live casino feature.  While Cloudbet is known primarily as a sportsbook, the casino stacks up against most in the industry in and of its own right.

Cloud bet is definitely worth giving a whirl, so register with just your email and password, transfer over some coin and start playing in seconds.

Opening an Account

Cloudbet welcomes users from across the globe offering a private and anonymous betting environment. Opening a cloudbet account requires only email verification, password and date of birth.

Deposit and withdrawal

For those of our readers that have experience betting with mainstream sportsbooks and casinos, the deposit and withdrawal process of cloudbet will be a complete pleasure. As cloudbet allows deposits without any confirmations, users can begin to play within seconds. Please note that at least three deposit confirmations must be received before a withdrawal request will be allowed – this takes, at most, 10 minutes from the time of deposit. All funds are held in cold storage (explained in the security section below), and withdrawals are batch-processed once a day. This means it could take up to 24 hours from the moment a withdrawal is requested until it is paid.

There is a minimum deposit of .01 BTC, and no maximum.

Welcome Bonus

Cloudbet welcomes new users with a first deposit bonus of 100% up to 5 bitcoin. The bonus is automatically credited upon deposit, and players have a full year to release the bonus.

The release of the bonus is tied to the number of loyalty points earned, with every 800 points releasing .01 btc. There are different “factors” assigned to each particular type of game or bet, which correspond to the difficulty level. The bet amount in mbtc multiplied by the factor determines the number of loyalty points earned.

For instance blackjack, which has a much higher average win rate than slots, is assigned a lower factor meaning that less loyalty points are earned per bitcoin wagered. In sports, the longer the odds on a particular bet the higher the factor and the greater the reward in loyalty points. This is standard for the market.

Cloudbet loyalty points

In sports, the factor, which they refer to as “price score”, is calculated by taking the square root of the odds and subtracting one. The maximum price score is 1. Let’s imagine you have got the Bulls to beat the Lakers at odds of 1.6, and you place a bet of .1 btc. To calculate the pe, you would take the square root of 1.6 which equals 1.265 and then subtract 1, which gets a price score of .265. multiplying this by the number of mBTC wagered – in this case, 100 – gets you 26.5 loyalty points earned. (Fractional odds are converted to decimal for purpose of loyalty odds calculations).

On the casino side, the factor, which they refer to as the “game score”, depends entirely on the game played. According to their description, the Slotfather earns .345 points, while European Blackjack earns .049 points. Thus, a .01 btc wager would earn 3.45 and .49 points for the Slotfather and European BlackJack, respectively. For basis of comparison, releasing a 1 BTC matching bonus playing slots only would require turning over the original deposit 231 times. While this is an entirely added value that can be released slowly over a full year, the wagering requirements are very high compared to industry standard. However, there is an absence of any nasty small print such as account locking, in which withdrawals cannot be made until the wagering requirements are complete. The bonus also vests in relatively small increments of .01 bitcoin, so even without releasing the entire amount players can benefit from loyal play.

Software and games

The overall website is very attractive and intuitive. We particularly like the dashboard feature, which contains deposit and withdrawal history and an accounting of loyalty points and bonus balance. The Casino and sport sections are accessible from the home icon or from the top navigational panel.

Sportbetting

Cloudbet offers tons of pre-match bets across a wide variety of sports and markets- including all major Soccer, Rugby and Cricket leagues, and American Pro and NCAA sports including Football, Baseball, Basketball, Hockey. Soccer offers a wide variety of pre game betting types, with up to 25 different bet types depending on the popularity of the fixture. American sports are offered with a number of different point spreads, and bets are placed in Money Line format. There is also robust in-play betting, with Asian handicapping, over/under and a approximately 25 additional different categories of bets.

Up to seven-way parlays, otherwise known as multis or accumulators, are offered allowing multiple bet combinations in one bet slip, serving to dramatically increase winning payouts.

Cloudbet is known for offering “high limits to high rollers”. In general, bet limits are raised closer to match time, as the increased liquidity and adjusted odds allow better risk management. Popular events can easily reach maximum bitcoin bet amounts in the triple digits. Cloudbet made headlines recently for offering a 1000 bitcoin maximum bet for Super Bowl XLIX. This blew away the rest of the online sports market, bitcoin and fiat alike.

Casino

Cloudbet’s slot and table games are supplied by betsoft. Betsoft has some of the best games content in the market, with their 3D slots considered to be among the best in the mainstream market. Cloudbet in particular has an extremely impressive library of 3D games, perhaps setting the benchmark in the casino market. Overall, Cloudbet brags over 150 casino games including:

• Seventy-seven different slots, two-thirds of which are 3D including such fan favorites as Mr. Vegas, Greedy Goblins, It Came from Venus, And Who Spunit, among many other great titles.
• Twenty-three different video poker games, including Deuces Wild and Jacks or Better
• Seven different BlackJack games including single and multi deck, European and American Roulette, and craps
• Five different poker games such as Pai Gow, Carribean Poker
• And a number of different soft games like Keno

Cloudbet also boasts some pretty large progressive jackpots for the bitcoin market, with usually at least 10 btc per slot. While this might sound pretty small compared to some of the massive jackpots in fiat casinos, big fiat software providers like microgaming and playtech combine progressive jackpots across all their white labels and across multiple games. The progressive jackpots in the bitcoin market are limited to the particular casino and to each individual game as well. So while the numbers are not as high, the competition to hit the jackpot isn’t either.

Arguably most impressive, Cloudbet has integrated a live dealing feature powered by Vivo Gaming, offering live blackjack, roulette and baccarat. Sit across and interact with real dealers from around the world, just (well, almost) as you would in a brick and mortar casino. Betting limits range from .001 btc, all the way up to 10 btc per hand in high roller blackjack. The live dealer feature is restricted to users from the United States.

Mobile

Kudos to Cloud Bet for offering a mobile-friendly product, with intuitive, responsive design for tablet and mobile devices. All functionalities are including the full range of sports betting features, and a number of casino games optimized from mobile. This includes a number of top games from betsoft.

Promotions

Cloudbet promotions are limited to the welcome bonus (which is a bit lazy to be honest) and the occasional publicity stunt promo such as the 1000 btc super bowl bet limit. This is an area we would like to improve, and we are attempting to secure exclusive promotions for the bitreview community.

Provably Fair

As is the case with the majority of sportsbook casinos, Cloud Bet casino games are not provably fair. For sports betting this function is obviously not needed, and if you would like to ensure fairness in table games, the live casino is a good option. For virtual table games and slots, we are out of luck.

Security

All bitcoin are held in offline cold storage, aside for a small percentage kept in hot wallets for operational liquidity. Two-factor authentication is offered for account access. After two-factor authentication is enabled, users may whitelist a withdrawal address, which will then be the only address to which withdrawals may be requested.

Customer Support

I wrote to customer support at 9:45 pm their time and heard back at 10 am the following morning. I would imagine that response would be more prompt during local working hours, but this suggests there is not 24/7 support. The response received was professional and polite.

Bottom Line

Cloud bet is a fantastic sports and casino site. It seems as if they are looking to capture the higher roller’s segment of the market, with massive bonuses and maximum bet allowances. Indeed, bitcoin is particularly well-suited to high rollers, as the absence of wiring costs facilitates large transfers.

This doesn’t mean the more casual gamers are neglected. The bonus, for instance, vests in small increments, at point levels that are achievable by relatively low-limit players. And the games content is very good, with many of the same slots one would find at market leader BitStarz, or the other casino-only rooms known for their games content. The big miss is that the casino games are not provably fair. There is really no reason not to integrate cryptographic “cutting the deck” functionality to table games. It seems wrong for a bitcoin casino not to have it. However, Cloudbet is definitely worth a try, register and load up your account in literally less than a minute and give Cloudbet a go.  Not for you?  Browse our list of the best bitcoin casinos or bitcoin sportsbooks for alternatives.