Thread: Cloudbet is a ponzi style scam sportsbook, Do not play there.

For those who don't know, Cloudbet.com is a bitcoin sportsbook/casino. For a small bettor and most bettors they would seem like a legit book because most of them are losing bettors and if they pay out the small to medium bettors. But if you are a long term winning bettor they will find every excuse to not only keep your winnings but also your original deposit. They change their terms on conditions on the go as they please to justify their decisions.

I am a success full bettor and i follow a successful syndicate tipster Max XXXXXX from maxXXXXXX.com. Entire 2018 my go to book was pinnacle and betcris and I had no problem betting and getting paid there. But the limits in those books for some of the college football/basketball games are only $3000. This is when I decided to check out cloudbook since they tout themselves as the highest limit sportsbook. During the the final 2 weeks of december, college basketball bowl season, Max XXXXXX, posted all 6 of his 5 unit plays well ahead of time since the lines were out. This was a great opportunity for me to go heavy because he usually has only 2 to 3 five unit tips each month. I wanted to bet all 6 big and also play a parlay. Cloudbet already has sent me an offer earlier in 2018 where they offered 100% matching bonus for max of 5 bitcoins. This means they will match my deposit for up to 5 bitcoins. I decided try it and opened an account with cloudbet and deposited 5bitcoin and my account was credit extra 5 bitcoin for a total of 10 bitcoin. I went ahead and placed 1.5 bitcoin bet on each of the 6 bets and 1 bitcoin bet on a 6 team parlay. All 6 games won including the parlay and I i won total of 53 bitcoins and my total balance in my account now is 63 bitcoin. On the first week of January, I requested a withdrawal of 40 bitcoins into my bitcoin wallet and it was never processed. Customer service that responded almost instantly when i asked questions about depositing now took days to respond. They kept saying they are investigating few things and the payment will be processed upon completion. During the investigation they asked so many things for identification (nonsense because as a bitcoin book they tout themselves as a book to play anonymously) but i complied and gave them everything. THey concluded that I broke their terms and conditions and closed my account without any payment, not even my original deposit. I didn't break any rules. Only thing that I did was follow a tipster and no where in their terms and condition it says that I cannot follow syndicate tipsters. This month i found out that I was not alone. There is a complaint of a heavy hitter, probably another maxXXXXX client, complaining about cloudbet holding 338 of bitcoins after he deposited 112 bitcoins and ran up it up to 338 with winnings. You can find his story in bitcointalk forum adn as well as ask gamblers forums and few blogs/media covered his story as well. There are numerous other complaints.

cloudbet is a scam. if you are a winning bettor or big bettor, stay away.