Matched Betting in Australia

What is Matched Betting?

Matched Betting in Australia Involves taking advantage of free bets and other promotions offered by bookmakers to entice new punters to bet with them.

Matched Bettors can take advantage of these offers by using a betting exchange to lock in a profit on the free bet placed at the bookie.

For example, if a bookie is offering an AUD$25 free bet when you deposit and bet AUD$25 with them, then we can use matched betting to lock in a profit on this offer.

The first step is to sign up for an account with the bookie and deposit the required amount.

You can then place a qualifying bet at the bookie so you can get the free AUD$25 free bet.

Bookies will usually set minimum odds that have to be met to qualify for the free bet, so it is important to check the terms and conditions of the offer before placing your qualifying bet.

This is where paid matched betting services like Bonus Bank can help as they will identify the key terms for each offer for you.

For the qualifying bet, you will be placing a back bet at the bookie and then laying that bet at Betfair.

By doing this you will be locking in a small loss on your qualifying bet.

We are ok with this as we know we will be able to lock in a much bigger profit on our free bet.

To increase our matched betting profits, we will be looking for a close match between the back odds at the bookie and the lay odds at Betfair.

The closer the odds are to each other the lower our qualifying loss will be.

When it comes to finding appropriate qualifying bets, you can either find them manually by scanning the bookmaker and Betfair websites for betting markets where the odds are a close match or you can use an Odds Matcher Tool that is provided by paid matched betting services like Bonus Bank, Bonus Money or Profit Accumulator Australia.

The Odds matcher Tool scans the bookmaker sites for you to find close matches to use for your qualifying bets.

Once your qualifying bet has settled, the free bet will be credited to your account.

To convert this free bet into cash, we need to place the free bet on a betting market with medium to high odds (5.0 – 10.0) at the bookie, then place a lay bet on the same betting market at Betfair.

By doing this, we can lock in a profit on our free bet.

If the back bet wins, then our profit will be in our bookie account and if the lay bet wins, the profit will be in our Betfair account.

You can check out our Matched Betting Guide for a step by step guide to completing a signup offer.

The example in our guide is for someone living in Ireland or the UK but the same process is followed for matched betting offers in Australia.

Matched Betting in Australia

Matched Betting is 100% legal in Australia as there is nothing illegal about placing a back bet with one bookie and laying the same bet at a betting exchange.

Gambling in Australia is regulated by authorities in the relevant state or territory rather than there being a body that covers the whole of Australia.

Therefore, the amount of sign up offers available will vary based on where you live in Australia with the most sign up offers being available to residents in the Australian Capital Territory, Northern Territory and Queensland.

Bookmakers in Australia are aware that matched betting happens but if you only place bets with the bookmaker when there is an offer available, then you will eventually get gubbed by the bookmaker so it is recommended that you place some mug bets to look more like a regular mug punter.

How much can you make from Matched Betting in Australia?

Unfortunately, this is a how long is a piece of string question.

The amount you can make will depend a lot on your starting bank, the amount of time you can commit to it and the state/territory you are resident in.

To get an idea of how much you can make in your first two months of matched betting in Australia, Bonus Bank ran a survey of their members to see how much they made.

The results of the survey were that 4 out of 5 members made at least AUD$1,000, with over 50% of members making AUD$2,500 in their first two months of Matched Betting.

The first few months of matched betting are usually very good but don’t expect this honeymoon phase to last forever.

Once you have completed all the sign up offers, you will find that the reload offers aren’t as generous.

You can expect to earn AUD$200+ per month from reload offers but again this depends on the amount of time you invest into matched betting.

How to find Matched Betting Offers in Australia

As the advertising of free bets or bonus bets as an incentive to open a new bookmaker account is currently outlawed in Australia, it can be quite hard to find information on free bets or bonus bets until you sign up with a bookmaker.

One solution you can use to get information on the free bets and bonus bets is to sign up with a paid matched betting service like Bonus Bank (see more info on their service below).

Bonus Bank

Bonus Bank has been around since 2017 and since then has helped 10,000+ Australians and New Zealanders profit from Matched betting.

Bonus Bank has everything you need to be a successful matched bettor including extensive tutorials to learn the basics of matched betting, the ATM oddsmatcher for finding close matches for your qualifying and free bets as while as a discord server where you can chat with other matched bettors.

Bonus Bank has a free trial that provides you with nine Introductory Matched Betting Tutorials and a step by step guide to completing your first matched betting offer where You Can Earn Up To AUD$70.

The free trial is good for beginners who want to get a taste of what matched betting is like.

If you like what you see in the free trial, then you can consider signing up for their Premium service that gives you access to all the bookmaker offers and Bonus Bank’s suite of matched betting tools.

The Premium plan costs AUD$47 per month or AUD$250 every six months or AUD$450 per year.

Matched Betting Australia – A Free site that offers free information on matched betting in Australia.

Betfair Australia – Currently Betfair is the only betting exchange operating in Australia so you will need a Betfair account if you want to do Matched Betting in Australia.

Punters.com.au – Punters.com.au has reviews for all the major bookmakers in Australia.