According to figures released by leading crypto sports booking company Cloudbet, bitcoin is proving to be a global currency with a very real application.
Mirio Mella, Cloudbet’s head of acquisition, says that during the first 10 days of this year’s World Cup in Russia, Cloudbet saw bitcoin and Bitcoin Cash bets soar by 600% from the same period immediately prior to the start of the event. Soccer’s premier competition has drawn high level World Cup-related wagers from bettors in over 100 countries.
Cloudbet was established in 2013 as a crypto online betting platform and casino, and offers World Cup bitcoin betting for the second year in a row – one of the few operators in the crypto-gaming space to do so. Cloudbet isfully licensed and regulated with satisfied customers in over 100 countries, and offers its customers exceptional value odds and unparalleled bitcoin betting limits. New customers enjoy a 100% deposit bonus up to 5BTC/BCH.
Bitcoin betting has become the ‘new normal’ in Russia. Part of this has to do with the huge leaps that bitcoin has seen in its valuation since 2014.
“Crypto holders are looking to grow their coin stack and add even more excitement to the action,” Mella said. “Drawing so many bets from all over the world demonstrates a global acceptance of bitcoin as a convenient and practical medium for betting.”
Cloudbet offered a very generous 6.5 million BTC risk-free bet during the World Cup, which attracted many new Cloudbet customers. Experienced bettors new to crypto and crypto enthusiasts alike place high value on risk-free betting. It’s the perfect incentive to get people to bet using bitcoin for the first time; and it works.
Cloudbet has a stellar reputation as a trustworthy sportsbook; that is one reason behind the success it enjoyed because of the World Cup. Aside from that, though, Cloudbet gives bettors a choice of currencies as well as the best odds among bitcoin sportsbooks, with margins of just 2.5%.
Cloudbet further enticed customers with a guaranteed World Cup betting limit of 20BTC per game. Many people tested those limits, particularly in games that involved favorites like Germany, Brazil, and Argentina.