Cloudbet, a leading bitcoin sportsbook, today announced that it has lowered its minimum sports bet limit to an astonishing 10 Satoshi. Crypto punters can now have skin in the game for as little as € 0.00035 (at the time of writing), so even the most risk-averse player can bet on major sporting events like basketball, soccer, IPL cricket, MMA, and more.
By lowering minimum stakes Cloudbet hopes to create a more inclusive betting environment.
“By offering record low bet limits, we are expanding our reach to include players that are keen to try using a crypto operator but want to start small, along with those seeking the excitement of bitcoin betting at much more affordable levels,” a Cloudbet Spokesman said.
Though customers can wager just fractions of a cent, it doesn’t rule out winning big. Cloudbet offers plenty of markets with long enough odds to turn that into a more meaningful amount, with accumulator bets one of the most popular.
One of the most spectacular cases to ever take place on Cloudbet’s sportsbook happened in 2017, when a lucky basketball fan placed a 0.005 bet on the NBA at 2387.4 odds in an accumulator bet. This daring decision turned into a major win, netting the player nearly 12 BTC winnings from their bet. That is over €40,000 for around 16 Euros. Since then hundreds of other players have won near life-changing amounts from relatively small stakes.