Matched Betting in Australia: How to Get Started
Looking for a smart, risk-free way to make money online?
Matched betting in Australia is a proven strategy that uses bookmaker promotions to guarantee profits, and it’s easier than you think!
This beginner-friendly guide will show you exactly how to get started, even if you’re completely new to betting.
What is Matched Betting in Australia?
Matched betting is a method where you use betting site promotions, such as free bets or deposit bonuses, to guarantee a profit.
It works by placing two bets on the same event:
- Back Bet: A bet with a bookie on a specific outcome (e.g., Horse A wins).
- Lay Bet: A bet on a betting exchange (like Betfair) against that same outcome (e.g., Horse A does not win).
By covering all possible outcomes, you ensure a profit regardless of the result. This technique is legal, tax-free, and widely used by Australians to make risk-free money.
What is No-Risk Matched Betting?
No-risk matched betting involves using betting agency bonuses to ensure you don’t lose your own money.
For example, if you receive a $50 free bet, you can place both a back bet and a lay bet, guaranteeing profit without risking your initial funds.
With tools like matched betting calculators, the process becomes even simpler.
How Does Matched Betting Work?
Here’s a practical example:
- Bookmaker Offer: Deposit $50 and receive a $50 free bet.
- Step 1 – Back Bet: Bet $50 on Horse A to win (odds: 3.0) at a bookmaker.
- Step 2 – Lay Bet: Bet $48 on Horse A not to win (odds: 3.1) at Betfair.
- Step 3 – Free Bet Profit: Use your free bet to place another back and lay bet, ensuring a guaranteed profit. After subtracting Betfair’s 5% commission, your total profit might be $23.75.
Pro Tip: Use the Bonus Bank tools to quickly determine the exact amounts to back and lay for guaranteed profit.
Matched betting works well for horse racing, EPL matches, AFL games, and events like the Melbourne Cup.
With tools like matched betting calculators, the process becomes even simpler.
How to Start Matched Betting in Australia
- Sign Up for Betting Sites:
Join trusted bookmakers to access free bets and deposit match bonuses. - Open a Betfair Account:
Use Betfair for placing lay bets. This is essential for matched betting. - Use a Matched Betting Calculator:
Tools like Bonus Bank’s calculator help you place bets with precision and maximise profits. - Learn Strategies:
Platforms like Bonus Bank offer tutorials, guides, and advanced tips to improve your matched betting journey. - Track Promotions:
Look out for deposit matches, cash-back offers, and reload bonuses to keep profiting over time.
Advanced Matched Betting Tips
- How to Avoid Getting Banned: Mix in regular bets that don’t involve promotions (known as “mug betting”). This helps keep your account active without drawing attention.
- Use Multiple Accounts: Consider using accounts from family members (with their permission) to access more promotions.
- Leverage Arbitrage Opportunities: Explore other strategies like arbitrage betting for extra profits alongside matched betting.
FAQs
1. Is Matched Betting Legal in Australia?
Yes, matched betting is completely legal in Australia. It’s a legitimate way to profit from bookmaker promotions.
2. Is Matched Betting Tax-Free in Australia?
Yes, matched betting profits are generally tax-free because it’s considered a hobby. However, consult a tax professional if you have concerns.
3. Can I Do Matched Betting Without Free Bets?
Yes! While free bets maximise profits, you can also use reload offers or arbitrage opportunities to keep earning.
4. How Much Time Does Matched Betting Take?
Beginners might spend 1-2 hours setting up and placing bets, but experienced bettors can complete the process in under 30 minutes.
5. What is the best sport for matched betting?
Horse racing is one of the most popular sports for matched betting due to frequent promotions. Major sports like AFL, EPL, and NRL are also excellent options.
6. Can matched betting go wrong?
Matched betting is risk-free when done correctly. However, mistakes like miscalculating lay bets or betting on the wrong odds can result in losses. Always double-check your bets.
Recommended Tools for Matched Betting
- Betting Exchange: Betfair – The most popular betting exchange in Australia for lay bets.
- Matched Betting Calculators: Use tools like the Bonus Bank Calculator to calculate your bets and ensure accurate profits.
Best Matched Betting Sites in Australia
All betting sites are suited and recommended for matched betting for their various offerings.
These bookmakers are ideal for matched betting though:
Conclusion
Matched betting is one of the safest and easiest ways to make extra money online in Australia.
By signing up for platforms like Bonus Bank and using matched betting calculators, you can simplify the process and maximise your profits.
Start small, stay organised, and enjoy turning bookmaker promotions into real cash!
