We post frequent news updates in the world of Bitcoin sportsbetting and sportsbook. Find the latest news posts below:
A while ago, we wrote about Watford FC’s new mega-deal with Bitcoin sports betting site Sportsbet.io. The Hornets agreed on a record multi-million deal to sport the Sportsbet logo on...
The cryptocurrency craze has its fair share of supporters and opponents among sport superstars and organizations. Add the Dallas Mavericks to the first group. With the NBA season to start...
In this month of Bitcoin sports betting news, popular BTC sportsbook and Casino Sportsbet announces a new special promotion for members of the platform that will end up giving away...
While Bitcoin betting platforms have definitely come a long way, there are still sites out there trying to scam users out of their money. One such platform was recently spotted...
Fantasy sports betting has just gotten better thanks to a new partnership between player favorite sportsbook Sportsbet and the people behind Moneyball Fantasy. If you’re a fan of fantasy sports,...
Leading Bitcoin sportsbook Cloudbet has just shaken things from the ground up in the online betting industry by opening their limits for betting whales during the World Cup 2018. And not only will the sportsbook be offering one of the highest betting limits online during the event, but it will also allow any member to place some risk free bets.
Betting Limits up to 100 BTC!
Cloudbet is one in a rare group of online betting sites that doesn’t get scared easily by punters with deep pockets. Proving that it’s a site that can be difficult to outshine, the betting operator raised the stakes for this year’s World Cup in Russia and is now offering wagers of up to 100 Bitcoins (BTC)!
The betting limits will be first raised to 20 Bitcoins, or 140 Bitcoin Cash coins (BCH) during events from the Knockout Stages and the World Cup Group. But if you’re interested in betting even more, the site is also offering you a limit of up to 100 BTC or 700 BCH for the finals that will be played on July 15th in Moscow. With these limits, not only is Cloudbet surpassing other rivaling Bitcoin operators but is also towering over traditional fiat money sportsbooks.
As Cloudbet explains, the reason for increasing its limits is because the site wants to celebrate the year when Bitcoin betting entered into the mainstream. Understandably, with its latest offer launched Cloudbet is now expecting high demand from existing members but also an influx of new punters to join the “Bitcoin betting revolution”. However, this doesn’t mean that the site will be forgetting about players who prefer to bet small.
Namely, the minimum stake required to approve a bet on the website is a very low 0.0001 BTC. Thus, even if you’re a novice punter, you can enjoy yourself greatly during the World Cup on Cloudbet’s website. And this is especially true for first-time bettors who can find plenty of helpful guides to assist them with their first cryptocurrency bets.
Risk Free Bets Also Available
One of the reasons why the folks at Cloudbet feel certain that new punters will soon join them is definitely their latest promo offer. For any new member at the platform, the sportsbook is offering a chance to take a risk free bet on the 2018 World Cup. The total value of the bet is 6.5 mBTC and it can only be claimed by a new account and only on selected betting markets.
To qualify for the bet, you will first have to create a new account and deposit some Bitcoin or Bitcoin Cash. Once you top up your account, you just need to place a 1mBTC minimum bet on the World Cup in a total goal, match winner, or an Asian handicap market. If your bet loses, the sportsbook will refund the bet as a bonus prize that comes attached to only 3x wagering requirements.
The margin on the odds for this year’s World Cup is only 2.5% at Cloudbet, so you might want to consider taking this special offer. If you want to find out more details about the promotion, feel free to check out Cloudbet today.
When betting with Bitcoin online, sometimes it’s better to quit while you are ahead rather than risk all that you’ve invested by hoping for a bigger payout. Well, one lucky bettor certainly felt the same way when he made a profitable decision to cash-out his 10-leg betting slip early at Sportsbet. And that’s all it took for him to earn a place in Sportsbet’s hall-of-fame by becoming the winner of the biggest cash-out since the Bitcoin sportsbook introduced the revolutionary feature.
Talk About Great Timing
According to Sportsbet, the lucky punter took a tennis multiples bet on 10 events. All the events were played on the same day, starting with the first one at 11 AM. For a stake of 75 mbTC, the user was able to amass winnings of 10 BTC by the afternoon as he won 9 out of the 10 matches on his slip.
His last bet was on Wawrinka vs. Fucsovics, where the punter backed Wawrinka. But after deciding that this wasn’t a sure bet, he made the call to cash-out his bet slip ahead of time. His decision turned out to be well-justified as Wawrinka lost the match, which could have cost him all that he managed to earn on the previous games.
By cashing out his bet, he became Sportsbet’s biggest cash-out winner, receiving 10 BTC (€65,000) out of the 13 coins his slip indicated. An excellent win, especially for a bet which the player claims was created “as a joke”, never expecting that he would have such a “huge luck” with it.
Sportsbet’s Director of Sportsbook, Joe McCallum, commented on this new milestone for the operator by saying that the betting provider was proud to have the opportunity to offer such a top-of-the-line fixed-odds experience to its members. He also added that he expects more lucky punters to achieve such a feat in the future as the cash-out function is made use of more frequently.
A First in Bitcoin Betting
While an early cash-out feature has been a staple at many betting sites that operate with fiat money, in the world of Bitcoin betting such an option was missing for quite some time. Sportsbet is the first betting operator to allow for early cash-outs in cryptocurrency – a novelty feature that was only introduced at the start of this month. And it seems that the decision to allow such an option is already paying off for the operator as more Bitcoin punters will surely flock to the site after this win.
Basically, the cash-out feature allows you to cash out multiples ahead of time when you don’t want to wait for the final match to finish. Not long after introducing this feature, the sportsbook also introduced the In-Play Cash-Out, which allows punters to cash-out partially during a match. In either case, the sportsbook gives you a chance to win something back – an amount that is calculated according to the operator’s terms and conditions. To learn more about the feature, or give the cash-out function a try, you can head down to Sportsbet’s website.
Although there are a number of Bitcoin sportsbooks available online, not every cryptocurrency betting site does things the same. While some sites stagnate not long after their launch, other operators just never stop growing. Proving they are part of the latter group of betting operators, leading Bitcoin sportsbooks Sportsbet and CloudBet recently decided to update their sites with new targeted offers and more cryptocurrencies to bet with. To learn more about what’s new, just keep reading.
CloudBet Adds Bitcoin Cash
Bitcoin’s offshoot cryptocurrency, Bitcoin Cash, may be getting integrated at Bitcoin casinos at a lightning-fast pace, but when it comes to Bitcoin betting, it is arriving much more slowly. CloudBet is one of the latest sites to adopt the cryptocurrency and the bookmaker will not only allow users to bet in Bitcoin Cash but it will also be giving a wallet boost to its old bettors.
Bitcoin Cash split from Bitcoin’s blockchain on August 1st, 2017. Due to the split, anyone who held Bitcoin coins in their wallets at the time was eligible to receive a mirror balance in Bitcoin Cash. However, not every wallet provider or online site where users stored their Bitcoins during the split immediately supported the cryptocurrency, leaving some without the benefit of getting extra coins in their portfolio.
Like most bookmakers, CloudBet didn’t’ immediately integrate the new coin. But that changed this month and now the bookmaker will be crediting any member that held Bitcoin on its site during the split with new Bitcoin Cash coins. The credited coins can not only be used at the betting site to enjoy faster and cheaper transactions but they can also be transferred to other wallets and traded. With a current price of approximately $1,400 per 1 BCH (Bitcoin Cash), even if one held only 1 Bitcoin, they will have quite the balance to spend on future bets.
If you were one of CloudBet’s members who stored coins prior to August 1, or are simply interested in what the site offers to Bitcoin Cash punters, feel free to give CloudBet a visit and find out more.
Sportsbet Hires New Marketing Firm for World Cup
One of the most popular Bitcoin bookmakers, Sportsbet, has recently hired the services of Odds On Marketing – a high-profile agency that has worked with betting titans like Will Hill as well as the Football Association (FA). Gearing up for the 2018 World Cup in Russia, the bookmaker is hoping that the marketing firm will help the site improve its brand strategy during the upcoming months and expand its bettor base prior and during the competition.
Some of the novelties expected to come out of this notable partnership is better engagement across social media platforms, personalized offers for Sportsbet’s bettors, as well as multi-language promotional content that will target a number of global markets, including Japan, Russia, Brazil, and Portugal, apart from the native-English speaking world. In the focus of the partnership will be Sportsbet’s live streaming offer, which was introduced back in December 2017. Odds On is expected to not only help bring more customers to the platform but also bring back inactive users.
If you aren’t already a member of Sportsbet or have an older account that you left dormant, you can stay on top of the bookmaker’s upcoming promo offers by visiting Sportsbet.io.
Sportsbet – one of the leading Bitcoin betting providers – has recently launched a new promotion that is exclusive to members of the betting platform and the Bitcoin Talk forum. As one of the leading forums on the world’s biggest cryptocurrency, Bitcoin Talk partnered up with the betting site to launch the World League – a member competition that will run until the end of May and give away various betting bonuses at Sportsbet.
Defend Your Colors – Win Coins
The World League is a competition open to any Bitcoin user who has a membership with Sportsbet and is registered at the Bitcoin Talk forum. Like a real football league, the World League has three groups (A, B, and C) for which players can qualify to win rewards.
The competition is based on points which are accumulated daily by winning bets at the sportsbetting site. The League gives 3 points to the top 30% of players who get the biggest gross winnings (sum of all won bets) each day, 1 point for the middle 40%, and no points to the bottom 30%. The more in gross winnings you win each day, the higher your chances will be of collecting points.
As you join the competition, you are first entered into group A and you can then progress to groups B and C. As the competition itself progresses, prizes in mBTC bonuses are credited into the Sportsbet accounts of all top players in 6 phases which are divided into 3 ranking periods.
The tournament is now in the second ranking period, in which mid-prizes will first be awarded to the top 10 of each group on April 3rd before the final prizes of this period are given on April 22nd. After this period, there will be two more prize giveaways on May 9th and May 26th, which is also the end date for the World League.
Join Up & Invite Friends to Win Even More
To enroll in the competition, you must first create an account with Sportsbet and the Bitcoin Talk forum. The next step would be to visit the World League page and enter your Bitcoin Talk nickname and Sportsbet username to register. Once you do, you just have to visit the World League thread at the Bitcoin Talk forum and post a message saying “validate” on the thread. Your scoring will be automatically registered once you are validated.
The World League also lets you win additional bonuses by referring your friends to the promo offer. To register your invitation, the friend just has to type in “invited by [username of the person who refers]” on his/her validation post in the forum thread. There’s a bonus of 1mBTC for any friend invite and you can call up to 50 friends to take part in the World League.
More details about the competition and its rules can be found on Sportsbet’s website. If you’re interested in qualifying for the tournament or testing the betting site with its welcome free bet promo of up to 5 mBTC, feel free to give Sportsbet a visit and sign up.
Bitcoin sports betting in Australia is put to a stop after Australia’s leading gambling licensing agency issues a warning to license holders to cease and desist if they are offering cryptocurrency transactions. The warning was issued at the beginning of the month, only days after a local betting operator launched the first licensed platform for Bitcoin betting in the country, shattering the hopes of local bettors who were eager to engage in cryptocurrency wagers.
NTRC Bans Cryptocurrency Wagers
At the start of February, sportsbetting operators in Australia that hold licenses from the Northern Territory Racing Commission (NTRC) received emails from the gambling regulator informing them that they will be issued a cease and desist order if they are already allowing cryptocurrency transactions in their operations. The ban is seen as a direct response to the launch of a cryptocurrency betting platform by NTRC-licensed bookmaker Neds.
The NTRC is the number one licensing body for online operators in the country that offers favorable licensing conditions and tax advantages to its licensees. By showing antagonism towards cryptocurrency betting, the regulator is directly standing in contrast to other big regulatory bodies which have made moves to allow cryptocurrency betting.
The UK Gambling Commission, for example, already allows digital currency transactions to licensees as long as they adhere to the AML (anti-money laundering) policies of the Commission. The Malta Gaming Authority is also reportedly gearing up towards allowing cryptocurrency betting for its licensees as part of a country-wide attempt to make Malta a leader in blockchain legislation.
NTRC’s ban seems to be in line with the stance of the local government which has thus far introduced a number of limits to holders of gambling licenses. Some of the restrictions that were set in place during 2017 were limits on televised betting adds and online poker.
Neds Sportsbook Immediately Folds
NTRC’s ban followed the launch of a cryptocurrency betting platform from Australian bookmaker Neds which happened a week prior. According to a press release from the bookmaker, the new site was to be a cryptocurrency-only site that would allow deposits and withdrawals via Bitcoin but without the option to convert cryptocurrencies into fiat money.
The site was kicked off with Bitcoin as the only cryptocurrency betting option but plans were revealed for other altcoins to be introduced if there is demand from bettors. The odds were to be the same as with the regular Neds site, with the only difference being that bets will be placed in mBTC. To stimulate Bitcoin holders to invest some of their cryptocurrency into sports betting, the site reportedly offered to cover up to 2.5% of the transaction fees for sending Bitcoin to it.
A rising star in Australian sports betting, Neds was launched by former CEO of Ladbrokes Australia, Dean Shannon, in October 2017 and gathered 75,000 customers in the short timeframe since, 80% of which were said to be race bettors. The following month after its launch, Neds was immediately forced to pull back some of its advertisements on free-to-air TV, social media, and websites, after complaints about them were filed to the FSA (Financial Counselling Australia) – a body that aids problems gamblers.
Following NTRC’s warnings, the crypto.Neds domain was shut down and a notice was posted that the platform is online and awaiting “further instruction from NT Racing Commission”. Only time will tell whether the NTRC will change their mind, and until that time comes, local Bitcoin holders will have to resort to using other Bitcoin sports betting sites online.
