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Cloudbet rides zero margin, cashback into Paris for French Open fan engagement

George Miller

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Cloudbet rides zero margin, cashback into Paris for French Open fan engagement
Reading Time: 2 minutes

 

Cloudbet, the leading crypto sportsbook and casino operator, has extended its popular zero-margin odds campaign for the forthcoming French Open tennis which gets underway this weekend at Roland Garros, Paris, where Rafael Nadal and Simona Halep start as firm favourites.

With tennis tournaments being played behind closed doors, or in front of sparse socially-distanced crowds, fan engagement has seldom been more important in connecting tennis fans to the live action they love, above all in-play. To which end, Cloudbet is upping the ante with its No Love Lost cashback offer, which returns players’ stakes up to $200 per customer on single pre-match winner bets, if any losing selection drops a set 6-0 in defeat.

Moreover, Cloudbet’s state-of-the-art blockchain technology will continue to deliver commission-free prices to customers on selected men’s and women’s matches throughout the French Open fortnight. Zero commission will apply to Match Winner, Game Handicap and Total Games markets – available both pre-match and in-play – thereby ensuring industry-leading prices for customers looking to maximise their winnings on this year’s final Grand Slam. These designated margin-free matches offer the best bitcoin odds to every Cloudbet customer up to a maximum $1,000 win.

It’s just the latest key differentiator from Cloudbet, which continues to leverage its unparalleled crypto credentials to now deliver the best French Open odds in the sportsbook world. This authentic and provable advantage generated sizeable spikes in turnover at the recent US Open and represents a welcome break from a progressively homogenised marketplace, dominated by token offers or misleading low-liquidity odds boosts that have created a race to the bottom for global operators.

Instead, Cloudbet’s sportsbook is leveraging the blockchain technology that drives its operations, creating substantial savings by sidestepping the impediments faced by fiat operators around payment-processing fees, charge-backs and slower transaction times. Cloudbet then shares these savings with its burgeoning crypto community by reducing or removing the margin it normally charges on sports events.

Cloudbet customers will also benefit from high-definition streaming on featured French Open matches, including live data from all games that provides more entertaining content and statistics for enhanced fan engagement. These low-latency streams ensure that live pictures keep pace with the live scoring data, so that the viewing and betting experience remain seamless across every match.

This promotion around French Open bitcoin betting is an organic extension of the operator’s ongoing “best odds” campaign which typically features margins as low as 2% across a wide range of sports. Away from cornerstone sports, like soccer and basketball, Cloudbet is preparing to see a spike in in-play tennis this week. Here, low-latency data feeds (from a combination of the best industry suppliers) ensure accurate pricing and minimal market suspensions, providing an effortless user experience from the best bitcoin sportsbook.

A Cloudbet spokesperson said: “After some impressive turnover and retention figures at the US Open earlier this month, the benefits of our zero-margin campaigns across marquee events are now as predictable as they are palpable. However, this is no time to rest on our laurels or simply repeat the feat. Which is why, at Cloudbet, we’re extending the offer in tandem with an attainable money-back offer that tracks tennis players’ potential for losing sets to love on the stamina-sapping clay, where breaking serve and momentum swings are commonplace.

“It’s all part of our wider community-driven ethos at Cloudbet. We want to foster an engaged group of customers, who are having fun not only with betting, but also benefiting from credible customised offers, engaging statistical data and streaming services that elevate their overall experience.”

Cryptocurrency

Cloudbet Unveils Betting With Gold in Gaming World First

George Miller

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Cloudbet Unveils Betting With Gold in Gaming World First
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  • Crypto gaming pioneer adds Pax Gold coin to its platform
  • PAXG is Cloudbet’s third stablecoin integration this year

Cloudbet, the pioneering crypto casino and sportsbook, has added Pax Gold to its platform, making history by allowing players to bet online with gold for the first time ever.

The integration of gold betting on a crypto-gaming platform marks a unique milestone in the evolution of tokenisation, whereby a physical asset is made divisible, tradable and easier to exchange through smart contracts and blockchain technology. Each unit of PAXG is a digital asset backed by one fine troy ounce of a gold bar held in custody by the Paxos Trust Company.

“Tokenisation allows individuals to express their spending habits through the assets they choose to hold, rather than having to use currencies to which they hold no philosophical or economic attachments,” a Cloudbet spokesperson said. “In this case, we’re empowering players that want to own gold with the means to place bets with a gold casino or a gold sportsbook.”

New players who deposit PAXG with the operator are eligible for a welcome bonus worth up to 5 units of the gold coin (almost $10,000 at current prices), as well as 100 free spins over two weeks on a gold-themed slot in the Cloudbet casino.

PAXG is Cloudbet’s third major stablecoin betting integration after launching USD Tether and USD Coin, the biggest coins in the stablecoin universe, earlier this year. For crypto gaming, stablecoins have been put forward as a solution for players seeking to protect the value of their cryptocurrency winnings from the extreme price fluctuations experienced by holders of non-stablecoins.

PAXG’s value is tied to the price of gold, while USDT and USDC are fixed on a 1-to-1 basis with the US dollar, meaning the fiat values of winnings in these currencies don’t swing with cryptocurrency market prices. For this reason, stablecoins have been championed as the key to convincing traditional fiat currency audiences to experience the benefits of betting with crypto: Fast transactions, low fees and industry-leading bonuses.

The new coin amplifies what’s on offer at Cloudbet for players seeking the best odds and highest limits for crypto betting from the comfort of their homes or on the go. Founded in 2013, Cloudbet is one of the world’s longest established bitcoin betting operators, with a history of innovation in the crypto-gaming space.

The operator relaunched its site in April to attract a more diverse audience and has introduced a swathe of bold new features including esports, politics betting, easy credit-card coin purchases and the three stablecoins. The site also accepts ethereum and bitcoin cash.

The operator grabbed the attention of industry observers in June with an ambitious English Premier League campaign, under which its sportsbook charged no margin on pre-match bets for all games left in the season. That allowed customers to access the fairest prices — and therefore the highest returns — in the market.

The campaign was an extension of Cloudbet’s long-standing “best odds” campaigns on sports including soccer, basketball and tennis.

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Cryptocurrency

Cloudbet Launches Second Major Stablecoin With USDC

George Miller

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Cloudbet Launches Second Major Stablecoin With USDC
Reading Time: 2 minutes

 

Cloudbet, the pioneering crypto sportsbook and casino, has added USD Coin to the portfolio of coins available to customers, marking the operator’s second major stablecoin integration after launching USD Tether in May.

New players who deposit USDC with Cloudbet are eligible for a welcome bonus worth up to 1000 USDC. Customers can buy the coin on the site with their credit cards or Apple Pay.

With the integration of USDC and USDT, Cloudbet now supports the biggest coins in the stablecoin universe, with a combined market value of US$18 billion. For crypto gaming, stablecoins have been put forward as a solution for players seeking to protect the value of their cryptocurrency winnings from the extreme fluctuations in price experienced by holders of non-stablecoins.

As with USDT, because USDC’s value is fixed on a 1-to-1 basis with the US dollar, the fiat value of winnings of the coin does not fluctuate along with cryptocurrency market prices. For this reason, stablecoins have been offered up as the key to convincing a more fiat-friendly audience to experience the benefits of cryptocurrency gaming.

“Since launch, a fundamental part of our philosophy has been about empowering players with technologies that solve their problems,” a Cloudbet spokesperson said. “Stablecoins are an extension of that.”

Cloudbet supports USDC on the Ethereum blockchain. The coin was introduced by the Centre Consortium, an organization co-founded by Coinbase and Circle, in part to provide a governance framework and network for the mainstream adoption of fiat-backed stablecoins.

The new coin amplifies what’s on offer at Cloudbet for players seeking the best odds and highest limits for crypto betting from the comfort of their homes or on the go. Since it relaunched its website in April, the operator has unveiled a swathe of bold new features to attract a more diverse audience, including esports, politics betting, and easy credit-card coin purchases.

Founded in 2013, Cloudbet is one of the world’s longest established bitcoin betting operators. The site also accepts ethereum and bitcoin cash, with more coins slated for release this year, the spokesperson said.

The operator grabbed the attention of industry observers in June with an ambitious English Premier League campaign, under which its sportsbook charged no margin on pre-match bets for all games left in the season. That allowed customers to access the fairest prices — and therefore the highest returns — in the market.

The campaign was an extension of Cloudbet’s long-standing “best odds” campaigns on sports including soccer, basketball and tennis.

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Blockchain

Trump vs Biden I: Cloudbet Markets Give it to Not-So-Sleepy Joe

George Miller

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Trump vs Biden I: Cloudbet Markets Give it to Not-So-Sleepy Joe
Reading Time: 2 minutes

 

Joe Biden, the Democratic candidate for the U.S. presidency, won support from the betting public as he withstood a hail of bluster and interjection from President Donald Trump during a combative and fiery first presidential debate.

Odds on a Biden win shortened to 1.65, meaning betting markets give him a 61% chance of being elected, according to prices compiled by crypto sportsbook Cloudbet. That compares to 1.73 (58%) just before the debate. Trump’s odds drifted to 2.28 from 2.16, amid indications that bettors had taken significant positions on the president ahead of the debate.

Biden had managed to mostly fend off Trump’s constant interruptions and aggression, as part of his campaign’s ongoing attack on the Democrat’s mental acuity and cognitive abilities, commentators on both sides of the political spectrum said after the debate. Others said the chaos of the encounter blurred any attempt at messaging on key issues, and did little to sway undecided voters who are crucial for victory in key swing states.

Cloudbet is tracking the two candidates’ price movements closely as part of its comprehensive politics offering that allows customers to bet on the election winner as well as on state-by-state outcomes. The operator’s politics page features a superbly designed electoral college map integration that gives users an instant opinion on which party is likely to win the election, based on real-time odds presented for each state.

Cloudbet saw a significant pick-up in betting activity ahead of the debate: About 10% of the value of all bets on the U.S. election were placed in the 24 hours leading up to the event, a spokesperson for the crypto operator said. Bets on Trump accounted for 90% of the new positions.

“Some people thought that Biden’s weaknesses were going to get clearly exposed in the debate,” the spokesperson said.

The election map significantly amplifies what’s on offer at Cloudbet for players seeking the best odds for bitcoin politics betting from the comfort of their homes or on the go. Since it relaunched its website in April, the operator has unveiled a swathe of bold new features to attract a more diverse audience, including esports, USDT betting, and easy credit-card coin purchases.

Founded in 2013, Cloudbet is one of the world’s longest established bitcoin operators. The site also accepts ethereum and bitcoin cash.

The operator grabbed the attention of industry observers in June with an ambitious English Premier League campaign, under which its sportsbook charged no margin on pre-match bets for all games left in the season. That allowed customers to access the fairest prices — and therefore the highest returns — in the market.

The campaign was an extension of Cloudbet’s long-standing “best odds” campaigns on sports including soccer, basketball and tennis.

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