Bookie guide

123Bet matched betting guide

How to turn 123Bet 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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123Bet at a glance

StatusOpen
PlatformApolloTech
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 123Bet

  1. Open an accountSign up with 123Bet and a Betfair account, and read the terms of any offer you want to use.
  2. Place the qualifying betBack a selection at 123Bet 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 ApolloTech. The website and betting system work the same way, so each one is another set of bonus bets and promos.

BetPinnaclePuntSport

123Bet 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 123Bet 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 12/30 hour suspension (no void on playoffs), change of nominated pitcher if offered
  • Baseball (MLB) double headers: As normal

Source: 123Bet sports rules. Rules change, so check the latest version.

What members see for 123Bet

🔒 Safety rating, account notes and live promos

Members see our safety rating for 123Bet, 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 123Bet?

Yes. You back a bet at 123Bet and lay the same selection at Betfair, so the result does not matter. It works for its bonus bets and its regular promos.

Does 123Bet 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, 123Bet runs promos for existing customers, and matched betting turns them into cash. Bonusbank members see every current 123Bet promo in the promo database.

What platform does 123Bet use?

123Bet runs on the ApolloTech platform, like BetPinnacle, PuntSport. Bookies on the same platform share the same website and betting system, so once you know one, the rest work the same way.

Is 123Bet licensed in Australia?

123Bet is licensed in New South Wales, according to our bookie records. You can check any bookie on the relevant state regulator's register.

Is 123Bet safe to use?

Bonusbank members get a safety rating and account notes for every bookie, including 123Bet, 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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