Bookie guide

PremiumBet matched betting guide

How to turn PremiumBet 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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PremiumBet at a glance

StatusOpen
PlatformBetMakers
Licensed inVIC
Bonus bets expire7 days

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

Promos PremiumBet runs

Promo types we have recorded at PremiumBet 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
  • SportOdds or winnings boost

How to matched bet with PremiumBet

  1. Open an accountSign up with PremiumBet and a Betfair account, and read the terms of any offer you want to use.
  2. Place the qualifying betBack a selection at PremiumBet 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.

BetBlitzRiverbetStableBet

PremiumBet 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 PremiumBet rules we have on record.

  • Tennis: All bets void unless first set completed
  • Baseball (MLB) head to head: Stand - any pitcher, 5 or 4.5 innings. Void on game not completed same day.
  • Baseball (MLB) double headers: As normal

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

What members see for PremiumBet

🔒 Safety rating, account notes and live promos

Members see our safety rating for PremiumBet, 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 PremiumBet?

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

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

When do PremiumBet bonus bets expire?

Our records show PremiumBet bonus bets expire after 7 days. Always check the terms when you receive one, and convert it before it runs out.

What platform does PremiumBet use?

PremiumBet runs on the BetMakers platform, like BetBlitz, Riverbet, StableBet. Bookies on the same platform share the same website and betting system, so once you know one, the rest work the same way.

Is PremiumBet licensed in Australia?

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

Is PremiumBet safe to use?

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

More bookie guides

All Australian bookiesEvery bookie, grouped by platform Bonus betsTurn bonus bets into cash Refund offersMoney-back promos on racing and sport Horse racingDaily racing promos with the right tools

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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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