Cloudbet First deposit bonus
Cloudbet is offering a 100% first deposit bonus of up to 5 bitcoin. With the price of 1 bitcoin (BTC) currently at $38,000 (May 2021), this is probably the biggest bonus offer you will get in the market. This matched deposit offer is available to new customers once you complete registration for a new account and make your first deposit in bitcoin in the net browser or via Cloudbet betting app. The minimum deposit required is 0.01 BTC and the maximum bonus you can get is 5 bitcoin. Once you make your first deposit, your bonus is automatically credited to your Cloudbet account.
© Cloudbet
You will earn your Cloudbet bonus when you collect loyalty points by placing sports bets or playing crypto casino games. For every 800 loyalty points you earn, Cloudbet will release 0.01 BTC into your Cloudbet account. You will continue getting installments of 0.01 BTC as you continue to bet and earn points until you reach the bonus limit of 5 BTC. The loyalty points are calculated based on the stakes you place and the odds. The higher your stake and match odds, the more loyalty points you earn.
The bonus will be added directly into your Cloudbet account’s main balance. You can use the bonus to bet on Cloudbet’s bitcoin sportsbook, casino games, and live casino tables. Once the bonus funds have been added to your main balance, you are free to withdraw them at any point. The Cloudbet bonus is valid for a whole year. You will have to earn all the loyalty points needed to release your entire welcome bonus within 365 days.
© Cloudbet
Learn more about the bookmaker from our Cloudbet review page.
Bonus type
First deposit bonus
Minimum deposit
mBT 10
percentage
100%
Maximum bonus
mBT 5,000
Bonus code
no bonus code is required
Turnover requirements
Cloudbet’s terms and conditions for its first deposit bonus is quite different from the regular. First and foremost, the whole bonus amount is not credited immediately but in quantities of mBT 10. To earn each mBT 10, you must collect 800 loyal points. You earn loyalty points every time you place a sports bet or play any of the casino games on offer. All users have a year to earn all the first deposit bonuses. For example, if your first deposit was 2 BTC, you have 365 days to earn increments of mBT 10 up to a total of 2 BTC before the opportunity disappears.
Min. odd
-
Available in
- Ghana
- Kenya
- Nigeria
Valid until
unlimited
Time limit
365 days
Summary
Cloudbet offers one of the biggest welcome bonuses in the business. However, as explained above, earning the entire welcome bonus is dependent on being a loyal and consistent player.
Pros and Cons
- A fair bonus percentage of 100%
- Low minimum deposit requirement of only 0.01 BTC
- Long expiry period of 365 days
- Tough playthrough requirements
- Limited to bitcoin users only
Example
Every time you place bets and play casino games, you earn loyalty points. Loyalty points are calculated based on the size of the bet, as well as your price score, which is dependent on the number of odds on the bet slip. For Cloudbet betting, loyalty points are calculated as follows:
Loyalty points = Converted stake * price score
Converted stake converts the wager placed to mBTC (MilliBit) by multiplying the BTC value by 1,000. Price score, on the other hand, is the square root of the number of odds minus 1. The maximum price score is 1. So a bet of 0.05 BTC on 3 odds will give:
- Converted stake: 0.05BTC * 1000 = 50 mBTC
- Price score: square root of 3 = 1.73 - 1 = 0.73
- Loyalty Points: 0.73 * 50 = 36.5 loyalty points
Once you meet the 800 points threshold, your account is credited with the mBT 10 and you begin building the points again to earn the next mBT 10 BTC, till you make the entire welcome bonus. You can view our Cloudbet betting bookie review, to learn more about the bookie and the scope of betting options available to punters.
Get your Bonus in 3 Steps
Step 1
Register on Cloudbet. You can follow the registration steps in our Cloudbet betting review. It’s easy and straightforward.
Step 2
Make a minimum deposit of mBT 10.
Step 3
Start placing bets to earn loyalty points.