CloudBet Casino Review
Cloudbet Casino has the simplicity of being a bitcoin-only operation. But it deals only in bitcoin values, rather than dollar equivalents. So you have to be aware of those values, especially when trying to figure out their rather unusual bonus qualification formula.
Cloudbet.com is a sportsbook and casino that was established as Bitcoin was in the midst of its growth spurt in 2013. It is licensed in the Balkan country of Montenegro, but since it doesn’t accept conventional currencies, there are no borders as far as players are concerned – anyone from any country can play at Cloudbet with bitcoin.
Crypto & Fiat Deposit & Withdrawal Options
Joining and making bitcoin transactions at Cloudbet are easy and probably safer than even most bitcoin casinos. Registration is just a matter of providing a name and email address.
To deposit, you just click the Deposit button on your account page and Cloudbet generates an address, which you copy into your personal bitcoin wallet. There is also a QR code option for users of mobile devices.
You can send as many bitcoins as you like. The values can of course change, but when we were at the site, the minimum deposit was .001 BTC.
Cloudbet puts all deposits in “cold storage” for extra security. They have separate storage for day-to-day withdrawals. If you want even more security, you can take advantage of Cloudbet’s 2-Step Authentication, which adds steps to the process, and involves a 6-digit code sent to your mobile phone via SMS.
Cloudbet also promises speed with each deposit. “If you do not see your deposit credited to your account within a few seconds,” the website states, “please contact our support team at [email protected] with details of your transaction.” They apparently are good to their word on that; we found no complaints about ease or speed of deposits at Cloudbet Casino.
Withdrawals from Cloudbet Casino simply work in reverse of deposits, with you giving Cloudbet your bitcoin wallet address and filling in an amount you want to take out.
The least you can withdraw is .001 BTC, and you can withdraw as much as you have.
Withdrawals should also be fast, with the exception of particularly large amounts, which will require extra verification.
We saw no mention of any transaction fees at Cloudbet.com, and their support staff was vague: “Please note that there are fees charged on your transaction which are set by Blockchain but these are not fixed.” We know that generally, bitcoin casinos don’t charge fees, and that our small deposit did not incur a fee. We did not withdraw anything.
Your personal wallet may charge a fee. We suggest checking out your wallet and making small transactions to start with.
Cloudbet Casino Bonus & Special Promotions
Again, simplicity is the rule with Cloudbet’s bonus – they offer one bonus. But what is more difficult is the formula for qualifying to withdraw any of that bonus.
The bonus is up front and generous – a 100% match for up to 5 BTC, with the minimum deposit being .01 BTC. But rather than having a more common rollover rate involving playing through multiples of your bonus, they have a points system for earning the bonus requirement.
The formula is this: points = stake (in mBTC) x game score. The game score is the points value of the game you play. Each game is assigned a game score value, with slots games generally offering the highest value, and other games counting 50% or less of that value. The example they give is, The Slotfather earns 0.345 points, Live Roulette earns 0.216 points, and European Blackjack earns 0.049 points. You must earn at least 800 points to withdraw the first .01 BTC of your deposit.
If you do the math, you’ll see that you have to wager around 2.4 bitcoins of slots wagers will get you to the point where you can withdraw .01 BTC.
Game Selection & Casino Software
Cloudbet Casino has a relatively small but nice suite of games, most of them from the Betsoft software provider. You can try them out for free, even before registering. More often than not, you will need Flash Player to play them, and they all come up in seconds and run smoothly.
They offer more than 40 slots games with a variety of 3- and 5-reel games, multiple paylines, and fun themes. Titles such as Gladiator, At The Movies, Lucky 7, and Fruit Zen, give you an idea of the variety. Though they do not have total pots in the initial display, they do have jackpot games with big potential, such as Mr. Vegas, The Slotfather, and Mega Gems.
Cloudbet’s selection of more than 20 table games include various versions of blackjack, roulette, craps, baccarat, and Caribbean poker.
There are also nearly 30 video poker games, including Deuces Wild, Jacks or Better, and Joker Poker.
You can find bingo, keno and scratch cards.
The minimum bets are as low as .00002 BTC.
If you want to go for higher stakes, you can go over to the Cloudbet.com live casino, where they advertise 65 tables of blackjack, roulette, baccarat. The minimum wagers there are between .001 and .005 BTC.
Many of the slots and table games are also available in a mobile version, but if you use an iPhone, Android or e-tablet for the majority of your play, you should try the games out for speed and smoothness before depositing money.
Provably Fair Games
Cloudbet does not stress the provably fair games angle that helps attract bitcoin players to casinos. But they do emphasize fair games. They use random number generators in their games, citing certification by Gaming Laboratories International and issued through Curaçao eGaming. We have no reason to doubt the game fairness, but proof is proof, and bitcoin casinos should offer a verification formula for games.
At the bottom of each display page is a Support button that takes you to an email prompt. They strive for – but do not promise – response within 24 hours. They got back to us within a day when we submitted a question.
But they have no instant chat or telephone support.
Cloudbet’s sole bonus has a strange formula for qualifying to withdraw. But when weighed out, the bonus is fair and the largest maximum we’ve seen. We’d like to see more on provably fair games and a varied and quicker support system.
But for bitcoin players who like to do a wide range of betting, Cloudbet is a good destination.