Bitcoin sportsbook, Cloudbet has detailed how it’s appealing to bitcoin betting whales at the Russian World Cup, with the introduction of high betting limits betting limits for the duration of the tournament.
Affirming its approach of providing high crypto betting limits, Cloudbet is accepting wagers of up to 20BTC/140BCH on the World Cup Group and knockout stages, with limits rising to 100BTC/700BCH for the final in Moscow on July 15th [almost €600,000 at today’s exchange rate].
Mirio Mella, Cloudbet’s Head of Acquisition commented on the offering: “With limits of 100BTC or 700BCH for the final, and 20BTC or 140BCH for the group and knockout Phase 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 expecting unprecedented demand for those using 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.