Website Terms & Conditions
ProductsVirtual Sports, Casino, Live Casino
Cloudbet offer the following Bonus:
There is a welcome bonus of up to 5 BTC (bitcoin) here. The terms of the bonus and how you receive it is quite difficult to understand actually. In order to receive the welcome bonus, a deposit up to 5 BTC has to be made and then to play on the website. The more one plays, the more of the bonus will be added to the account balance. There is a formula that defines how much is needed to wager in order to receive bonus balance. According to the bonus terms and conditions, they will release 0.01 BTC of bonus for every 800 loyalty points earned. For sports, the formula looks like this: Loyalty points = converted stake x 0.1 x price score. The price score is apparently the square root of the odds, minus one. For casino the formula looks like this: Loyalty points = converted stake x 0.0008 x (100-RTP).
Sport / Game Coverage
Pregame margins on Cloudbet are shifting a lot depending on what sports you are looking at. For example, British premier league football sits around 3.4% while other sports seem to sit much much higher here. We calculated an average margin of around 6.3% though, which is higher than the industry average. When it comes to live betting, it’s higher, but since the industry average for live sports is also higher, Cloudbet is actually doing better here. At the time of review, the live odds margin seems to be 9.52%. That’s also high, but if compared to how high the pregame margins is here, at least it’s ok.
The sports and esports coverage at Cloudbet is solid. If you’re solely a fan of esports betting, then we suggest that you look for another website as there are some other bookies that specialize in esports betting and Cloudbet isn’t one of them. But regular sports betting fans and those more casually interested in esports will still find many options to bet on at Cloudbet.
There is not a single mentioning of responsible gambling anywhere on Cloudbet, nor are there any features or support organizations that work with responsible gambling.
We sincerely hope, for the sake of the players, that Cloudbet will start installing and implementing new features and resources regarding responsible gambling. Online gambling and sports betting can be very addictive. It’s important for the players to be able to use all of the help they can get if they happen to have any problems with excessive gambling or sports betting.
Deposit & Withdrawal
The only available payment methods are cryptocurrencies. Cryptocurrencies are relatively rare in online sports bookies, so players that prefer to use this payment method will feel at home at Cloudbet. But the players that wish to use traditional payment methods should look for another bookie.
Withdrawals here are so simple since it’s also done in crypto. Cloudbet does, however, reserve the right to request any identification documents if needed. It’s not standard though, and one should normally be able to withdraw without verification. The funds should arrive in the account very quickly, if not instantly, into the crypto wallet.
Cloudbet onboarding is great and so easy. You can either sign in using Facebook or Google, or create an account from scratch filling in your email and wanted password. Then you get to enter birthdate, username, and the odds format. Once done, you are good to go.
Account Verification is not normally required on Cloudbet, however they do reserve the right to go through a verification process. Since the account verification is a non-standard process on Cloudbet there is no information on how long time it takes, and albeit customer support sais it’s quickly done, they also say it can take a couple of days. If, for some reason, you are requested to send in identification documents, Cloudbet are reserves the right to require any document necessary for verification in accordance with their third party partners.
The Live Chat support at Cloudbet is simply amazing in our experience. The staff is incredibly polite, fast and helpful. The support is 24/7 and all emails are answered within a day. No FAQ section nor phone support, but the Live Chat is exceptional.
There are no specific features offered here. This too is a disadvantage to the Cloudbet platform. Most players are more than happy to use the most popular utility features in online sportsbooks, such as live streaming, bet builder, edit bet, early cash-out, and the like. But there are no such options at Cloudbet. We hope that Cloudbet will start implementing some of the more popular utility features in the near future.
Check out the latest news on the dedicated Cloudbet blog
- Live Streams
Enjoy watching some sports events live while you bet on them