Cloudbet ups the ante with World Cup crypto limits

Cloudbet ups the ante with World Cup crypto limits

Tuesday, June 12, 2018 Posted by Joseph Streeter
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The firm is aiming to appeal to crypto whales at Russia 2018

Respected bitcoin sportsbook, Cloudbet has unveiled how it’s looking to set its offering apart with high betting limits betting limits at the 2018 World Cup in Russia.

Affirming its reputation for offering high crypto betting limits, Cloudbet is accepting wagers of up to 20BTC/140BCH on the World Cup Group and Knockout Stages, with limits increasing to 100BTC/700BCH for the final in Moscow on July 15th [almost €600,000 at today’s exchange rate].

Commenting on the offer, Mirio Mella, Cloudbet’s Head of Acquisition told “Bitcoin betting is really coming of age at the 2018 World Cup, so we wanted to do something special. Limits of 100BTC or 700BCH seemed like a sexy number for the final, while 20BTC or 140BCH for the group and knockout phase is hardly chicken feed. This could be the first World Cup in history where the highest betting limits are only available to those with bitcoin.”

Not only are Cloudbet’s limits the highest within crypto betting - by some distance - they also dwarf the levels offered by established fiat sportsbooks. Such betting limits should satisfy the appetite for large wagers from the growing number of bitcoin high-rollers, and should any bettors want even greater exposure on the World Cup at Cloudbet, they can simply re-bet at the same amount.

Though Bitcoin was born back in 2009, this year's event in Russia is the first where World Cup bitcoin betting enters the mainstream. Cloudbet, established in 2013, is aiming to accomodate unprecedented demand for those using the football's showpiece event as the perfect opportunity to join the bitcoin betting revolution.

And it is bitcoin’s unique characteristics - such as low fees, fast transactions and no fraud - which enable Cloudbet to offer these kind of limits, in stark contrast to the policy of fiat books to limit the amount their players can bet or just shut down those who are successful.

While Cloudbet’s upper limits undoubtedly appeal to bitcoin whales, the platform caters to all bitcoin bettors. New customers can bet with minimum World Cup stake requirements as low as 0.0001 BTC, and Cloudbet’s recently launched bitcoin betting blog offers helpful content to guide newbies through the world of crypto betting.

Totally Gaming says: Russia 2018 marks the first time a World Cup will accomodate for crypto betting, if Cloudbet’s strategy of appealing to whales pays off, the group can further establish itself as a leader in the crypto sports betting ecosystem.

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