CloudBet eSports Review
CloudBet is one of the highest-paying options for Bitcoin eSports betting at the moment. The company was established in November of 2013 and since then has impressed many gamblers and industry experts alike. Formerly known as Crypto-bookmaker, CloudBet is operated by E Gambling Montenegro d.o.o. in cooperation with Tiger Tree Holdings d.o.o. and the company’s headquarters is in Podgorica, the capital of Montenegro, in Moskovska Street 65.
The casino is licensed in Montenegro, under the concession serial no. AA001588, numeric no. 133-01/15 4A and 1ER and approval no. 02/01-118/4. E Gambling Montenegro d.o.o. (reg. no. 5-0615951) is certified to organize and operate games of chance in Montenegro on a website www.cloudbet.com, according to the Agreement concluded between the company and Tiger Tree Holdings d.o.o. located in Cetinje, Negoseva street 97 and registered under number 50721755 on 5 March 2015.
Their servers are located in the Antilles, Netherlands, together with their management and service staff. The team behind the CloudBet is unknown, so we don’t have information about the founders, investors or other participants in the project. The CloudBet website has a full offer which includes sports betting, live sports betting, casino games and live casino games, so eSports are not the only offering on their website.
It seems there are many users online who claim that CloudBet is a scam. The main reason for these claims is the delay in the payout of the winnings. The website has a policy of paying the winners within 24 hours from the bet win, but it seems they cannot keep up with the huge number of users.
Some users also had the problems with the deposit bonus which was never paid. The Scam Adviser confirms that the site is legit, but that doesn’t change the fact that some users are having problems with the casino.
When it comes to hacking, there were some attempts, but the betting website never acknowledged any of them.
CloudBet eSports Betting Experience
CloudBet is one of the most advanced Bitcoin betting websites out there. The website is authentic and offers high payouts for eSports betting – up to 10BTC. It’s possible to bet on the following games:
- League of Legends
Each game gets the fair share of markets. It’s possible to bet on multiple events, players and teams every day. CloudBet offers the highest number of bets for CS:GO and Starcraft.
The website offers high odds, and it allows a wide spread of bets, from tiny to big sums. The biggest wagers are up to 50 BTC, while the minimum amount for gambling is just 0.001 BTC. This is great, as it takes care of both new players as well as high rollers.
The website design looks great and modern, especially on mobile devices. It’s easy to use, fast, and everything works perfectly. Software, on the other hand, can be a problem. Software errors that stop the players from placing wagers, along with slow or incorrect grading of some markets are rather worrisome. CloudBet’s software is easy to use and it looks great, but apparently, there are many issues to deal with. Especially with placing bets and having them graded.
When it comes to deposits and withdrawals, CloudBet only offers Bitcoin as an option for making deposits and getting payouts, so it has excluded all other currencies. Transfers don’t take long and can be made regardless of the user’s location. The verification process is minimal, and the anonymity of all transactions is guaranteed, even at the expense of the transparency. This is particularly useful for American players, as they stay anonymous and get the cash quickly and with close-to-zero costs.
Betting Bonuses on CloudBet
CloudBet offers a signup bonus, which doubles the first deposit up to 5 Bitcoins, but there’s a system of Loyalty points which makes the bonus a whole lot less valuable. The bonus is released as the player earns Loyalty points by gambling. For every 800 points earned, 0.01 BTC is released from the bonus. It can take quite a while to get the full deposit bonus. These points don’t have any other purpose than clearing bonuses, as there’s no VIP program or any other system to reward the high volume players.
There are no other bonuses offered at the casino.
Security and Anonymity
CloudBet is one of the best secured online casinos, with all deposits kept in the cold storage with offline signature keys, making all hacking impossible. The small hot wallet is used for paying out players each day. The betting website only requires email, date of birth and a password for account registration and is very dedicated to keeping the users’ privacy.
They also offer two-factor authentication for the user accounts and use https protocol.
CloudBet Customer Support
The support on CloudBet is not that great, as they don’t have a live chat or phone options. Email and ticket are the only ways to contact the support, 24/7, but it takes a lot of time to get the answer from them. Also, the answers are sometimes a bit “canned” and don’t refer to the specific problem the user is facing.
While support has been decent, it’s way slower than the competition. When the company started working emails were answered much faster, usually within a few hours but this has deteriorated to almost a day in recent months.
CloudBet has some of the greatest features in the industry. They offer a wide variety of bets on eSports, traditional sports, and casino games. The betting website may not impress the players with super high odds across the platform, but the biggest deposit bonus (up to 5 BTC) in the market is certainly attractive for new players. Upper limits for the bets are another attractive thing about CloudBet.
- Highest betting limits in the market
- Biggest deposit bonus in the market
- Fast withdrawals
- Need email address verification for new accounts
- Small number of bets for eSports
They do have a couple of negatives, but it’s clear that CloudBet is one of the best in the industry and offers an excellent service to all those who are looking to bet on their favorite eSports games.Go to Cloudbet.com