Bookie guide

DiamondBet matched betting guide

How to turn DiamondBet bonus bets and promos into cash with matched betting, 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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DiamondBet at a glance

StatusOpen

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

How to matched bet with DiamondBet

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

What members see for DiamondBet

🔒 Safety rating, account notes and live promos

Members see our safety rating for DiamondBet, 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 DiamondBet?

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

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

Is DiamondBet safe to use?

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

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Make DiamondBet 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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