Bitcoin Betting: Anyone use Cloudbet and the 5 bitcoin bonus?

99steak · Feb 20, 2019

How reliable is cloudbet? I was looking into bitcoin betting and cloudbet is offering 100% bonus for max of 5 bitcoin. I never cared about bonuses in the past because they are meant for luring degenerate gamblers and it is useless if you are winning bettor, i was always about books with good lines and ability to support long term winners without limiting/restricting such as pinnacle over bonus books. But 5 bitcoins is a lot to pass but at the same time, raises red flags about if this is a real books or scheme to get highrollers to deposit so they can run. Limits in this book are ridiculously high and I could use betting resource's 3% compounding strategy and their full stake 10 unit picks for a long time without having to gearing back to fixed unit strategy.

If i deposit 5 bitcoins, i would end up with 10 bitcoins in my account from the bonus before betting anything. That just sounds too good to be true. Who here has used them and what are your experience with them. I am seriously considering putting 5 bitcoin to get extra five then run up the balance with br's 10 unit picks and strategy. It is very hard to keep the 3% compounding strategy going long term because of the betting limits but this book has freakishly high limits in even college basketball! I was watching this case of some guy with 330 bitcoin balance having issues withdrawing from cloudbet but eventually they paid him in full and that is what put them on my radar. But something still doesn't sit well with me. How is a book with that bonus and high limits never got mentioned here?

trytrytry · Feb 20, 2019

totally avoid that scam shop!

rolltide · Feb 20, 2019

i used cloudbet for a year, never an issue

they dumped americans and made me pull my btc balance out quite a while ago. they back to allowing US customers?

99steak · Feb 20, 2019

rolltide said:
i used cloudbet for a year, never an issue

they dumped americans and made me pull my btc balance out quite a while ago. they back to allowing US customers?

Are you a winning bettor, how much did you cash out. Is your account in the plus overall when you cashed out and is it still in the plus?

Problem only starts when you are winning bettor. So please provide more details.

99steak · Feb 20, 2019

trytrytry said:
totally avoid that scam shop!

Can you please elaborate. Have you used cloudbet? Or are you just going based on what you heard.

rolltide · Feb 20, 2019

99steak said:
Are you a winning bettor, how much did you cash out. Is your account in the plus overall when you cashed out and is it still in the plus?

Problem only starts when you are winning bettor. So please provide more details.

well obviously it's not still in the plus since they made me pull by balance. took 4 btc withdrawals over 18-20 months. at first i was able to get big stakes then they kept hammering it down to miniscule stakes...then one day i logged in and a note said US IP addresses were banned and linked me to the cashier to pull out my remaining btc

i loved their total betting options, especially live soccer, but will severely limit anyone that is winning.

really nice betting platform for PC but the phone/tablet version sucked

anyone calling it a scam shop never used them. they were outstanding

trytrytry · Feb 20, 2019

99steak said:
Can you please elaborate. Have you used cloudbet? Or are you just going based on what you heard.

what ive heard and read form top bitcoin type persons.

its always risk reward. if you dive in keep everyone posted of course.

99steak · Feb 20, 2019

rolltide said:
well obviously it's not still in the plus since they made me pull by balance. took 4 btc withdrawals over 18-20 months. at first i was able to get big stakes then they kept hammering it down to miniscule stakes...then one day i logged in and a note said US IP addresses were banned and linked me to the cashier to pull out my remaining btc

i loved their total betting options, especially live soccer, but will severely limit anyone that is winning.

really nice betting platform for PC but the phone/tablet version sucked

anyone calling it a scam shop never used them. they were outstanding

Their limits are ridiculously high now. I am not sure if the recent 330 bitcoin withdrawal bitcoin is real or they created the story themselves to attract more high rollers. Apparently that player is american and they paid in full, which is fishy if they don't allow americans.

thanks for sharing the story. lets hear more.

i hope they are not planning an exit scam like quadrigacx did.

99steak · Feb 20, 2019

trytrytry said:
what ive heard and read form top bitcoin type persons.

its always risk reward. if you dive in keep everyone posted of course.

Thanks. Did these people get stiffed by cloudbet?

trytrytry · Feb 20, 2019

not first hand, but several pieces of news like this one right here at RX (dont even need to look around much) worth consideration, USA persons have had problems.

http://www.therxforum.com/showthread.php?t=1131350&highlight=cloudbet

99steak · Feb 20, 2019

trytrytry said:
not first hand, but several pieces of news like this one right here at RX (dont even need to look around much) worth consideration, USA persons have had problems.

http://www.therxforum.com/showthread.php?t=1131350&highlight=cloudbet

The guy in the live chat just said "Hello there, I'm afraid the US isn't within our jurisdiction so we cannot accept any players from that particular country I'm afraid."

I am guessing when bettors use VPN they knowingly allow it and take the money if they lose but if they win, they do verification and if you are american/uk they use it as excuse.

Any non americans here care to chime in about cloud bet?

raiders72 · Feb 21, 2019

Cloudbet is a scam site. There is also the possibility that they will ask for KYC. If you are from the US or UK, they may confiscate not only winnings, but they may confiscate deposits. They look for reasons not to pay. It's not the normal type of bonus where you must meet a rollover prior to a withdrawal.

If you want a bitcoin book, Nitrogen and Betcoin don't ask for personal information and will pay you in under 15 minutes.

99steak · Feb 23, 2019

raiders72 said:
Cloudbet is a scam site. There is also the possibility that they will ask for KYC. If you are from the US or UK, they may confiscate not only winnings, but they may confiscate deposits. They look for reasons not to pay. It's not the normal type of bonus where you must meet a rollover prior to a withdrawal.

If you want a bitcoin book, Nitrogen and Betcoin don't ask for personal information and will pay you in under 15 minutes.

In their defense, they are saying that usa and uk are restricted from their site. Some USA players still use them using VPN services and when cloudbet finds out, they usually confiscate the the winnings and sometimes deposits. I have been searching and pretty much every complaint that i heard about cloud bet is from either a player from usa or uk trying to pull one over them using vpm. It seems like cloudbet won't look into it if you are losing but when you request withdrawal, like fiat currency books, they will ask for identification and address and the americans/brits who use vpn get in trouble when that happens.

Nitrogen is garbage if you are a winning bettor who bets significant amounts. They are equivalent of books like bet365/bovada. Great for recreational players but if you hit them consistently, they will limit you to next to nothing.

jasminmosseri · Feb 22, 2022

I don't think this proposition from the cloudbet is realistic to complete. The price for 1 BTC today is floating around 40-60k, so this is just a scam proposition that is working only for one purpose, make the gamblers deposit some of their money on the cloudbet site. If you don't trust me, you can see here the full statistic of Bitcoin with the average values and detailed information about this cryptocurrency. I strictly don't recommend you visit the cloudbet site or deposit on their platform.

Bitcoin Betting: Anyone use Cloudbet and the 5 bitcoin bonus?

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