When you gamble online, you’re doing it for the benefits. And of course, the enjoyment you get from it. One of the biggest benefits of online gambling is the bonuses you get from the operators. The more generous the bonus, the more you’ll feel inclined to sign up. Today, we’re dissecting the Cloudbet welcome bonus for our readers in the Philippines.
Cloudbet Sports Welcome Bonus
If you have previous experience in the iGaming industry, you may know that a 100% match on the first deposit is the most common format for a welcome offer. Cloudbet follows this exact same format. However, you get the bonus in crypto rather than fiat money!
The bonus dictates that you can win up to 5 BTC from your first deposit alone. To realize the full potential of the bonus, you have to deposit 5 BTC first. Thankfully, the minimum deposit starts at a mere 0.001 BTC which means you don’t have to liquidate all your assets to claim this bonus.
Many online bookmakers restrict bonuses with a promo code. In almost all cases, you can find the code right on the bonus page. All you have to do is enter the code when you claim the bonus. Cloudbet doesn’t need you to use any bonus codes at the time of writing.
How to Claim a Casino Welcome Bonus
Just like any other industry, you first need to be a paying customer at Cloudbet to claim the welcome offer. Let’s take you through the process of how to sign up as well as how to claim the bonus.
- Visit Cloudbet and click on the blue “Join” button at the top right corner.
- Enter the required data. You can also sign up using your Facebook, Google, and GitHub accounts.
- Once your account is ready, deposit the minimum required amount to qualify for the bonus. This is crucial because if you accidentally deposit lower than the required amount, you lose the bonus forever. Even contacting customer support won’t help.
- If the deposit is accepted, you’ll receive the funds in your bonus account almost instantly.
- Play games to earn welcome bonus points and release the bonus for real money.
Cloudbet Welcome Offer Terms & Conditions
No online gambling bonus is actually “free”. Sure, you’re still adding the offer amount to your bankroll but you need to stick to a set of terms and conditions for the bonus to work. The Cloudbet welcome bonus is no different. In fact, maintaining the terms and conditions is more important than the bonus itself!
The wagering aspect of the Cloudbet bonus is very interesting. You don’t have to maintain the usual rollover requirement. Rather, you need to accumulate welcome bonus points. These points are converted to real money later. The formula for welcome bonus points is }(points = converted stake x 0.008 x (100-RTP)}.
You need to complete the whole wagering process within 60 days, starting from the day you claim the bonus. The time frame is more than enough in our opinion to release all the funds for withdrawal.
Unfortunately, you can’t use the bonus funds to place sports bets. You can only play casino games with them. But you can use the converted funds to place bets as usual. Slots contribute the most so you should try and use these games to complete the wagering.
Welcome Bonus Pros & Cons
If you convert the BTC value of the Cloudbet welcome bonus to fiat, it becomes one of the biggest bonuses ever offered by an online betting site! The terms are friendly enough for bettors from all levels to convert and withdraw it.