It doesn’t matter if you are a sports fan, or just someone looking for an easy buck – being able to make a regular income through gambling is a dream for a lot of people.
Unfortunately, it’s not that easy.
Only a small percentage of sports bettors can consistently beat the market and make a profit.
Casino games are even worse, the odds are always stacked against you.
For most people, gambling is just an expensive hobby.
There is a way that you can change that though. It is possible to flip the odds in your favour and guarantee that you always come out ahead.
Since Betfair launched in the UK in 2000, people have been using it to exploit bookmaker signup offers. This is known as matched betting.
Here’s a really simple explanation of how it works:
If i sign up to Tab they will give me a $100 bonus bet. I can use that bonus to back Australia against New Zealand at odds of $2.00.
I then go to Betfair and place a lay bet on Australia, also at $2.00. A lay bet is a bet that something won’t happen. It’s the kind of bet that a bookie makes when they take our money.
By placing a back bet and a lay bet, it’s like i am both the punter and the bookie. The two bets will cancel each other out, but the key is that I only used my own money for one of them. The other was the bonus bet.
If Australia win i will lose my $100 at Betfair, but i will get paid out $200 at Tab = $100 profit.
If they don’t win i will get $100 profit at Betfair. I’ll lose the bonus bet at Tab, but that didn’t cost me anything anyway = $100 profit.
By betting both sides you can turn the bonus bet into guaranteed cash. It really is a bet that you can’t lose.
Is it really that easy??
Almost. That was a simplified example to explain the basics.
In reality, matched betting is a little trickier – but that is where bonusbank comes in.
Using more than 15 years of combined matched betting experience, we have developed tutorials, calculators and software that make it easy for anyone in Australia to make money from matched betting.
And it’s not just the signup bonuses. You can also make a regular income from the weekly cash back or bonus bet promos that bookies offer.
How much can you make?
On average, it is possible to make around $70 profit from every $100 bonus bet.
If you check out this list you will see that there are currently over $4000 worth of signup bonuses available. That means that you could make a profit of $2800+ from the signups alone.
To get an idea of how much our members actually make, we send them all a survey two months after they join. You can read more about it here, but the headlines are that 80% of members make at least $1000 in their first 60 days. Almost 20% make an amazing $5000+.
How to start matched betting in Australia
Getting started is easy. You can sign up for a free bonusbank account today and start reading through the beginner tutorials. The free account also includes access to a Lite version of our oddsmatcher software, plus a basic matched betting calculator.
Using these tools, you can complete your first signup bonus and see for yourself that matched betting really is the best way to make money online in Australia.