Bookie guide

Elitebet matched betting guide

How to turn Elitebet bonus bets and promos into cash with matched betting, what platform it runs on, and the rules to check before you bet.

$50 → $35+A $50 bonus bet is typically worth $35 or more in cash once you convert it with matched betting.
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Elitebet at a glance

StatusOpen
PlatformGeneration Web
Licensed inNSW

From Bonusbank's bookie records. Bookies change their terms, so always check the offer terms before you bet.

How to matched bet with Elitebet

  1. Open an accountSign up with Elitebet and a Betfair account, and read the terms of any offer you want to use.
  2. Place the qualifying betBack a selection at Elitebet and lay the same selection at Betfair, so you lose only a few cents whatever happens.
  3. Convert the bonus betWhen the bonus bet arrives, back and lay again. You keep roughly 70 to 80 percent of it as cash, whichever way the result goes.
Example: a $50 bonus bet backed at 5.00 and laid at 5.20, with 5% commission +$36.89

Example odds only, not a current offer. See the full bonus bet guide for the calculator.

Sister bookies on the same platform

These bookies also run on Generation Web. The website and betting system work the same way, so each one is another set of bonus bets and promos.

AllbetsBetBetBetBetGoldBetNovaBetNowBetRavenBoostBetColossalBetDashbetGoldBetHavaBetHotBetJimmyBetJustBetLetsBetMidasBetMultis.com.auMyBetNinjaBetOnlyBetsPandaBetPuntNowPuntZoneUltraBetVicBetWinnersBet

Elitebet rules to check before you lay

If a bookie settles a bet differently to Betfair, one side can be void while the other loses. These are the Elitebet rules we have on record.

  • Tennis: All bets void unless first set completed
  • Baseball (MLB) head to head: Stand - 5 or 4.5 innings. Void on 24 hour suspension
  • Baseball (MLB) double headers: Must complete all innings

Source: Elitebet sports rules. Rules change, so check the latest version.

What members see for Elitebet

🔒 Safety rating, account notes and live promos

Members see our safety rating for Elitebet, notes on how it treats accounts, and every live promo with its value, before they deposit a cent.

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Questions people ask

Can you matched bet with Elitebet?

Yes. You back a bet at Elitebet and lay the same selection at Betfair, so the result does not matter. It works for its bonus bets and its regular promos.

Does Elitebet have a promo code?

Not for signing up. Australian rules stop bookies offering a bonus or promo code just for opening an account, so be wary of any site that promises one. Once you have an account, Elitebet runs promos for existing customers, and matched betting turns them into cash. Bonusbank members see every current Elitebet promo in the promo database.

What platform does Elitebet use?

Elitebet runs on the Generation Web platform, like Allbets, BetBetBet, BetGold, BetNova. Bookies on the same platform share the same website and betting system, so once you know one, the rest work the same way.

Is Elitebet licensed in Australia?

Elitebet is licensed in New South Wales, according to our bookie records. You can check any bookie on the relevant state regulator's register.

Is Elitebet safe to use?

Bonusbank members get a safety rating and account notes for every bookie, including Elitebet, before they deposit. Start on the free plan to learn how matched betting works.

More bookie guides

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Make Elitebet count

Start on the free plan to learn matched betting with the free course and calculator, then upgrade when you are ready.

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