Bookie guide

Neds matched betting guide

How to turn Neds 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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Neds at a glance

StatusOpen
PlatformOwn platform (corporate)
Licensed inNT
Bonus bets expire7 days

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

Promos Neds runs

Promo types we have recorded at Neds 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
  • SportMulti or SGM refund
  • SportEarly payout
  • RacingMulti or SGM refund

How to matched bet with Neds

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

Ladbrokes

Neds 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 Neds 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. Includes extra innings. Void on game not completed by end of next calendar day if suspended.
  • Baseball (MLB) double headers: As normal

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

What members see for Neds

🔒 Safety rating, account notes and live promos

Members see our safety rating for Neds, 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 Neds?

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

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

When do Neds bonus bets expire?

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

Is Neds licensed in Australia?

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

Is Neds safe to use?

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