Cloudbet Sports Betting Review 2022 - Sportsbook for Crypto Gambling

christian-webberChris Webber
10 min read
cloudbet
About Cloudbet
Licence:Curaçao Gaming
Online since:2013
Welcome Bonus:5 BTC
Visit Cloudbet:Play now

Cloudbet is quite the name in the world of crypto sportsbooks. Started in 2013, it was one of the first to get in on the field and is one of the more established sites today. As with many crypto gambling sites, it began with Bitcoin and has expanded its offering to include more cryptocurrencies. It now accepts no less than 12 digital coins for banking, including Ethereum, Bitcoin Cash and Litecoin.

In terms of fiat, you can’t bank natively with it here, but you can use it to buy coins via the Moonpay gateway at Cloudbet. All the traditional payment methods like credit cards in USD or whichever currency you’re in, will do the trick. Those new to crypto can easily get on board.

Getting to what really matters to any sportsbook, we’re here to tell you that the odds at Cloudbet are very competitive. Some sports have an overround as low as 2%, including some NBA games. There’s a solid choice of eSports, which gets its own section, and virtual sports as well.

This Cloudbet review covers it all in detail, so we’re going to start rolling.

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General information: 18+ sports betting | Welcome Bonus for new customers only | Terms and Conditions apply

StrengthWeaknesses
  • Great coverage of American sports
  • Very competitive odds
  • One of the most established crypto sportsbooks
  • Wide range of cryptocurrencies accepted
  • Option to buy crypto through Moonpay gateway
  • New customer bonus can only be used in the casino
  • Website design could be leaner
  • Missing a FAQ or Help Center

cloudbet-crypto-sportsbookMoreLess

Cryptocurrencies accepted at Cloudbet

  • bitcoin coin
    Bitcoin
  • dogecoin
    Dogecoin
  • dash coin
    Dash
  • litecoin coin
    Litecoin
  • ethereum coin
    Ethereum
  • tether coin
    Tether
  • bitcoin cash coin
    Bitcoin Cash
  • ✓ PAX Gold
    ✓ Dai
    ✓ USD Coin
    ✓ Paxos Standard
    ✓ Chainlink

Breakdown of our Cloudbet Crypto Sportsbetting Review

Test CategoryScoreRecommendationMore Details
Sportsbook94%OutstandingCloudbet Sportsbook
Sportsbetting App91%OutstandingCloudbet Mobile App
Live Betting90%OutstandingCloudbet Live Betting
Odds96%ExcellentCloudbet Odds
Bonus85%Very goodCloudbet Bonus
Banking92%OutstandingCloudbet Banking
Customer Service90%OutstandingCloudbet Customer Service
Security93%OutstandingCloudbet Security

1.) The Cloudbet Sportsbook

All sports are well covered with their respective leagues in the Cloudbet Sportsbook, and we saw some of the best odds around for NBA and NCAA games. Obviously, football is here as well, with really good odds for the popular NFL games. If you’re looking for low margin betting, this is definitely a site you want to check out.

There’s also plenty of E-Sports here. NBA2K is available, and if you want the full selection, make sure you go to the menu bar on top. Next to the Promotions tab, you will find a drop down menu with the E-Sports section, as well as Virtual Sports.

Sports available at Cloudbet

American Football Aussie Rules Badminton Baseball
Basketball Boxing Chess Cricket
Cycling Darts Entertainment Esports
Field Hockey Floorball Futsal Golf
Handball Horse Racing Kabaddi MMA
Motorsport Politics Rugby League Rugby Union
Snooker Soccer Squash Table Tennis
Tennis Virtuals Volleyball Waterpolo

arrow-icon-64x64.pngCount on all your favorite sports and leagues being there. Football, basketball, baseball and hockey are a given. Tennis, MMA, soccer, boxing, beach volleyball are also just a few of the many sports available. Generally speaking, you’re looking at pretty good odds for the big games.

There are a couple of Esports like NBA2K and FIFA listed in the sports menu, but make sure you check out the ESports section from the top menu. It’s hidden in the drop down menu tab next to promotions. You’ll find League of Legends, Rainbow Six, Dota 2, Counter-Strike and lots more there, along with a Discord channel where you can shoot the breeze with other fans.

cloudbet-sports-betting-esportsThe Esports section at CloudbetMoreLess

If you’re curious, there’s also a Racing section from the same drop down menu. By racing they mean horse racing. Given, it’s not the most popular sport in the US, but if you’re looking to punt in new markets, you have lots to work with here. Cloudbet is also one of the few crypto sportsbooks featuring horse racing, so if horses and crypto are your thing, then look no further.

cloudbet-basketballLike American football, basketball is well coverd at Cloudbet.MoreLess

Overall, Cloudbet is a pretty low margin sportsbook if you’re looking into pre-match betting. Outright bets are also available with competitive odds. The sportsbook generally offers good odds with all the popular leagues and games. American sports are excellent with betting options second to none. There’s also excellent coverage of soccer, including the English Premier League of course.

There are all sorts of special bet options available, especially within the bigger leagues that see more puntors. Don’t miss it when your favorite sporting season rolls around.

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2.) Cloudbet Sportsbetting App

The Cloudbet sportsbook functions as a responsive website. That means that it adapts itself to your screen, whether it’s your phone, tablet or computer. The desktop design carries itself across to mobile devices. And while it might look a bit rough around the edges on your computer screen, on the compact space of a phone, it looks good.

Since it’s all browser based, there is no Cloudbet app to download. Just like on the desktop version, you can change the background color from black, dark blue, to white. The rest is all pretty standard stuff with nested menus and you can adjust how the betting options are displayed through filters in settings.

cloudbet-sports-website-background-colorMoreLess

What we would have liked to see though is a shorter path when it comes to live betting and a multi-event view. A lot of punters have their money down on several games at once and it would be nice if the navigation here could make things a few taps quicker.

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3.) Cloudbet Live Betting

Cloudbet live betting can be accessed through the In-Play tab in the top left Menu. Once you’re in, the events are organized by sport in the top horizontal menu bar. It all depends on exactly what season it is, but all the live betting markets for basketball and major sports are here.

cloudbet-live-betting-basketballIn some cases there is even a live stream available.MoreLess

Conveniently, NBA2K gets a lot of love and it’s listed here as well as in the E-Sports section.

star iconClick on the game you’re interested in and all the options will come up. To the right side of the screen are all the team and player stats, including recent game results and historical data. It’s all very well organized to help you make quick decisions.

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4.) Odds and Payouts at Cloudbet

A key part of sportsbetting are the odds. Of course, odds always varies with each game and match, but choosing a site with better odds overall will help you pocket more in the long term. To give you a quick overview of this bookie’s margins, we have calculated the pay out rate based on decimal odds for the major sports and their respective leagues at Cloudbet. The higher the percentage the better the odds. We arrived at the numbers below by:

1 / (1 / Decimal Odds + 1 / Decimal Odds …) * 100

Best Odds by Sports
payout rate*
NFLup to 97%
NBAup to 96%
NHLup to 96%
European Soccerup to 97%
Tennisup to 97%
* pre-match odds, based on the main betting market (win)

With a payout rate of up to 97% for the NFL, Cloudbet has some of the best odds for football. Again, moneylines will vary with each game, but overall, this is very competitive. If you’re into soccer, the bookie has very low margins for the bigger European leagues, going down to a 3% margin for the Champions League. In short, Cloudbet is an excellent choice for these sports.

Just to re-iterate. Odds change all the time. The rates listed in the table when the maximum values we found when writing this Cloudbet sportsbook review. The betting markets at Cloudbet open two or three points lower and reach their highest at kickoff, while inplay betting can have similar odds to pre-match odds.

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5.) Cloudbet Bonus for New Customers

We’ll be upfront about this. There weren’t a lot of sports promotions at Cloudbet at the time of review. Most of the offers were for the Cloudbet Casino, which is great, but if you’re looking for sports specific deals, it’s just the Zero Margin bets campaign for now. However, the Cloudbet team has told us that they have a few things brewing in beta, namely a sportsbook loyalty program. So things are definitely looking up.

5BTC Deposit Bonus

Cloudbet Welcome BonusBefore we get punters too excited, this first deposit bonus is limited to use in the Cloudbet Casino. But it’s a pretty exciting deal for crypto gambling in general, so we thought you might appreciate it. It’s headlined as Bitcoin, but all the other major cryptocurrencies are eligible as well.

The offer is a 100% bonus up to 5 BTC, or the equivalent in other coins, including ETH, LTC and BCH. The minimum qualifying deposit to claim the offer is also pretty low at 0.001 BTC or equivalent.

The bonus money is released in installments and through Cloudbet’s loyalty program. Do remember that the bonus comes with requirements that have to be cleared.

Wagers and bets placed in the casino will count towards loyalty points. For every 150 points, you will get a bonus of 0.001 BTC – or the equivalent in your chosen coin.

For the moment, these bonus requirements can only be cleared through bets placed in the casino. When the Cloudbet sports loyalty program goes live, it will have better rewards for sportsbetting.

Zero Margin Sports Bets

We’ve already mentioned that Cloudbet has some of the best odds for the major sports and games. It gets even better though with their Zero margin bets offer. Zero margin bets are when the bookie doesn’t take a commission, so literally 0%. That means these are the best deals you can get in the world of sports betting.

This is an ongoing Cloudbet sports promotion campaign. How it works is that when a new betting market is opened, those that are eligible for the campaign will be marked with yellow boxes. The first 1,000 customers to place a bet will receive odds with zero margin.

Cloudbet Zero Margin Sports BetsThis offer covers many of these sports and bet types:

  • NBA – money line, spread and total bets
  • NFL and NCAA – money line, handicaps and total bets
  • MLB – money line, run line and total bets
  • NHL – winner bets
  • MMA – winner bets
  • Tennis – winner bets
  • Soccer – match result, Asian handicap and total goals

The minimum bet to qualify is 1mBTC or the equivalent in other cryptocurrencies.

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6.) Deposit and Withdrawals at Cloudbet Sportsbook

Cloudbet remains true to its roots as a site dedicated to pure crypto gambling. It also has one of the most impressive ranges we’ve seen in terms of the coins it accepts for banking. The site works with a healthy mix of both established cryptos, more volatile coins, stable as well as unsecured coins.

Cryptocurrencies & Stablecoins accepted at Cloudbet

CryptocurrencyStablecoinbacked by
bitcoin coin Bitcoin (BTC)tether coinTether (USDT)US Dollar
bitcoin cash coin Bitcoin Cash (BCH) dai coin Dai (DAI)Cryptos
chainlink coin Chainlink (LINK)usd coin USD Coin (USDC)US Dollar
dogecoinDogecoin (DOGE) paxos coin Paxos Standard (PAX) US Dollar
dash coinDash (DASH) pax coin PAX Gold (PAXG)Gold
litecoin coinLitecoin (LTC)
ethereum coinEthereum (ETH)

One of the key advantages in using crypto for gambling is the lightning fast banking time, and Cloudbet is no exception. It’s practically instant compared to traditional bank transfers that can take days. Do note that there are mining fees applied by crypto-wallets for both depositing and cashing out. The fee does vary depending on your wallet and the coin you are using. In general, the bookie doesn’t charge any fees, although in exceptional cases it might charge 5%.

Cloudbet is what we call a “no limit sportsbook”, which means that there is no upper limit for transactions. There is a lower limit though to ensure the transaction goes through, but usually it’s a pretty low 2 digit amount.

Important Note on No Limit Betting at Cloudbet

When it comes to no limit betting, it’s important to note that there is usually an upper limit to bet size. It’s just that the max bet may be set so high that it feels like there is none. Limits in crypto sportsbooks largely exist for a reason, and that is to make sure that the operator has enough money to pay you in case you win. So in a way, it’s a hallmark of a reputable gambling site that takes its responsibility to customers seriously.

arrowAs Cloudbet themselves put it, “We need to run a book responsibly and that means we set limits on all players, so we take on levels of risk that we a) are comfortable with, b) have the bankroll to support, and c) make betting enjoyable for our players.”
– Posted on November 15, 2013 on Bitcointalk.

As for the actual bet limit, this changes with the odds. Lower odds tend to accept higher stakes, as do popular games that see more bettors and therefore decrease the operator’s risk. For example, the World Cup in 2018 had a bet limit all the way up to 100 BTC.

If you don’t have any cryptocurrency, you can deposit via Moonpay. Moonpay lets you buy the coin of your choice with traditional payment methods, including credit and debit cards, and Apple Pay. You can then use the coins to wager at Cloudbet. Before your first withdrawal, you will have to verify your account. Like with all licensed gambling sites, you will need:

  • Proof of identity – such as your driver’s license
  • Proof of address – such as a utility bill
  • Proof of Payment – such as your credit card
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7.) Cloudbet Customer Service & Help Center

at-icon-64x64.pngHelp is readily available via the 24/7 live chat at Cloudbet. You can also opt for email by writing their team at support@cloudbet.com. All in all, the standard stuff you would expect from any online bookmaker.

However, while Cloudbet support is professional and easy to get a hold of, we still nevertheless miss having a FAQ or a Help Center to get us through the usual questions. There is on the other hand a Cloudbet Blog, which has lots of articles covering everything you need to know about cryptocurrencies and their trends, to sportsbetting tips and the latest promotions.

cloudbet-blogMoreLess

You can also find Cloudbet on the Bitcointalk forum, where’s it’s been posting since 2013. They are still very active and now count over 7,000 entries. Cloudbet is also on Discord as well as Twitter. In short, Cloudbet is pretty active on social media.

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8.) Security: Is Cloudbet Trustworthy?

In the niche world of crypto-gambling, you won’t survive if you ain’t no good, and Cloudbet has more than survived. Launched in 2013, with Leandro Rossi and a small group of partners, Cloudbet has cemented a solid reputation for itself in the market.

As Leandro explains in an interview with Crypto Fireside blog, there were already several indicators back then suggesting crypto sports betting was emerging. And the team dove straight into building one of the first bitcoin bookmaker sites.

cloudbet-bitcointalk-profilCloudbet on Bitcointalk.MoreLess

They started off with the community in Bitcointalk, where many crypto pioneers hang out, and where they still maintain a strong presence today. Many of the bookmaker’s developments, whether it’s the acceptance of a new coin or the launch of the eSports betting section, originate from listening to what the community wanted. As Leandro put it,

We announced our launch on Bitcointalk, and we used the Cloudbet thread on that forum to seek feedback and input into what we were producing. Crypto aficionados are very community-minded and focused, there’s a real “us versus the world” mentality, which resonates easily with us. So because of that community push, you have to be present where customers or potential customers will be, whether it’s Bitcointalk or Reddit or Discord or wherever. You have to engage with them and listen to what they want, and then you have to follow through and build it.

For example, last year, our customers were asking for esports events, and we gave them a whole new vertical that we continue to improve and evolve. Earlier this year, we ran a survey of almost 10,000 of our most active customers to find out what they wanted. They told us: DOGE, DASH, and Litecoin. So we gave them: DOGE, DASH, and Litecoin.”

licenseProximity to its customers and the crypto community is what makes Cloudbet one of the top crypto sportsbooks. There’s also a high level of transparency to build trust. On the official side of things, the site also holds a Curacao license and there are several measures players can implement for their own protection, such as limits or 2FA against fraud.

Milestones in Cloudbet History

2013
October: Launch of the betting portal and announcement on Bitcointalk. At this time, when the exchange rate was $200, a general betting limit of 50 Bitcoins was in effect.
The very first bet from a customer at Cloudbet was placed on the Korean K-League. The wager was 0.12 BTC, equivalent to $24.
November:Cloudbet became the first bookmaker to offer instant payouts.
A new wagering floor (0.001 BTC) was set. Today, it is 10 Satoshi.
2014
January: The new customer bonus of 5 Bitcoins was introduced. The value at the time was 800 USD.
February:The live casino was launched
May:Two-factor authentication (2FA) was implemented to increase the security on the gambling platform
July:Live bets accepted for the first time, just in time for the soccer World Cup in Brazil
2017
January:Three new languages (Korean, Indonesian, Chinese and Turkish) added to the sportsbook.
March:A customer landed a record win of 160 BTC on a spin at the casino, an equivalent of US$875,000 at the time.
2018
March:Bitcoin Cash introduced as a new currency.
December:Cloudbet received a Curacao gambling license.
2019
January:Live streaming implemented on the platform.
2020
February:Ethereum added to the list of accepted currencies.
March:Betting on eSports presented in beta version.
April: Relaunch of Cloudbet.com with a new design and new features: Esports, direct purchase of cryptos using a credit card, Quick-Bet Slip, new national languages.
May: Tether added to the list of accepted currencies.
June: 0% margin sports betting introduced. The first 1,000 customers who place a pre-match bet on select markets benefit from 0% commission bets.
2021
May: Litecoin and Dash added to the list of accepted currencies.
June: Cloudbet opens its sports book to the German market. At this point, the bookmaker counted around 200,000 customers.

Cloudbet Sports in Short

As one of the first crypto sportsbooks, Cloudbet certainly knows what it’s doing. Over the years, it has grown a lot. From the banking side of things, this operator now accepts 12 coins, and for those who don’t have any crypto, Cloudbet has added the option to buy coins from their site with Moonpay.

You’re looking at some of the best odds available for big league games like NFL and NBA. The Zero Margin Bets offer is also excellent. For now, the 5BTC welcome bonus is limited to casino play, but we hear the team will be shortly adding a special Sports Loyalty program at Cloudbet to give bettors even more value for their money.

This sportsbook does an impressive job. And we definitely appreciate that it stays close to the crypto community on the forums, listening and implementing what customers want.

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Author: Chris Webber
Last Update:
Article reviewed: Cloudbet
Author Rating: 91%

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