We get it. You’re in the UK, you can safely deposit to online sportsbooks with your credit card, and have no reason whatsoever to meddle with those cryptocurrencies that are used by people who want to circumvent the rules. Right?
Wrong. Bitcoin is here to stay, it’s just as regulated as your current account at Barclay’s, and there are lots of online sportsbooks eager to give you a Bitcoin bonus for betting just to get you through the door.
It get better – these bonuses are absolutely huge. For example, at Cloudbet you can get 5 BTC if you deposit 5 BTC. At the time of writing, that’s a bonus of £40,000!
Are there any free bets?
This is yet another obstacle in your mind you must overcome if you want to get free money (okay, crypto).
While most punters in the UK are so excited about £25 free bets where you don’t even get to keep the value of the free bet but only the winnings – we’re talking about deposit bonuses here. You deposit a certain amount, you get a certain bonus because of it, and then you have to play for a while before you’re allowed to withdraw your bonus.
This is how it’s done on the continent, and there are even professional punters who make a living out of this.
It wouldn’t work with free bets.
Deposit bonuses – How do they work?
Let’s take Cloudbet as an example. You deposit some amount of BTC and they give you the same amount in bonuses. The bonus is added to your account immediately.
Say you deposited 1 BTC and got 1 BTC more. Now you have 2 BTC in your account, and in case of Cloudbet you meet the rollover conditions of the bonus by earning points.
Every bet – and we mean every bet – will contribute. The more you bet and the bigger the odds, the bigger the contribution.
Eventually, you’ll play through your bonus and will get to withdraw everything!
Other sportsbooks do things differently (Cloudbet is a bit unique in this aspect), and simply say how much you have to bet on what minimum odds in order to meet the bonus conditions.
It’s not difficult. The best advice here is to simply play your own game, don’t worry about the bonus, then check how you’re doing in a week or two. You might just be pleasantly surprised with your progress.
If you’re ignoring deposit bonuses, that’s a serious punter offense! If you’re also ignoring cryptocurrency betting, you’re doing an even worse thing and are definitely losing money.
We don’t know for a fact for how long will the likes of Cloudbet be offering these incredible welcome bonuses for Bitcoin and other cryptocurrencies, so now is the time to act.
This might be the best Premier League season you ever had if you claim those Bitcoin bonuses that are simply waiting for you to click and sign up.