Bookie guide

GemBet matched betting guide

How to turn GemBet 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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GemBet at a glance

StatusOpen
PlatformBetMakers
Licensed inVIC

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

Promos GemBet runs

Promo types we have recorded at GemBet recently. Members see every live offer, with the value and the strategy to use, in the promo database.

  • RacingRefund if it runs 2nd or 3rd

How to matched bet with GemBet

  1. Open an accountSign up with GemBet and a Betfair account, and read the terms of any offer you want to use.
  2. Place the qualifying betBack a selection at GemBet 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 BetMakers. The website and betting system work the same way, so each one is another set of bonus bets and promos.

BetLocal

GemBet 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 GemBet 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: As normal

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

What members see for GemBet

🔒 Safety rating, account notes and live promos

Members see our safety rating for GemBet, 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 GemBet?

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

Does GemBet 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, GemBet runs promos for existing customers, and matched betting turns them into cash. Bonusbank members see every current GemBet promo in the promo database.

What platform does GemBet use?

GemBet runs on the BetMakers platform, like BetLocal. Bookies on the same platform share the same website and betting system, so once you know one, the rest work the same way.

Is GemBet licensed in Australia?

GemBet is licensed in Victoria, according to our bookie records. You can check any bookie on the relevant state regulator's register.

Is GemBet safe to use?

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

More bookie guides

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