Cloudbet is celebrating the return of the English Premier League by offering 1,000 customers odds with zero margin. Cloudbet has said it is essentially giving up its commission on these bets to guarantee customers the best price possible and maximise their winnings.
“Just because the games will have zero fans in the stadium doesn’t mean it has to be zero fun,” a Cloudbet spokesman said. “The best league on the planet deserves the best odds, and it’s all possible because of crypto technology.”
Cloudbet’s Zero Margin Season will be offered on bets on match result, Asian handicap or total goals for each EPL match to 1,000 players per game. Players are permitted to make multiple bets per match, provided the total amount of potential winnings does not exceed the equivalent value of US$1,000 in Bitcoin, Bitcoin Cash, Ethereum or USDT.
These zero margin bets are available only in a window that opens up to 12 hours before each match and closes when the player cap has been reached, or when the match commences, whichever occurs first.
Zero margin bets are possible thanks to the cost advantage Cloudbet enjoys as a cryptocurrency sportsbook from avoiding the payment processing fees and charge backs that fiat operators have to wear. These savings give the operator latitude to take low – or zero – margins on bets to offer players the best prices on sports events.