Bookie guide

NextBet matched betting guide

How to turn NextBet 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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NextBet at a glance

StatusOpen
PlatformOwn platform (corporate)
Licensed inNT
Bonus bets expire7 or 30 days

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

How to matched bet with NextBet

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

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NextBet 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 NextBet 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 36 hour suspension (no void on playoffs)
  • Baseball (MLB) double headers: As normal

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

What members see for NextBet

🔒 Safety rating, account notes and live promos

Members see our safety rating for NextBet, 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 NextBet?

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

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

When do NextBet bonus bets expire?

Our records show NextBet bonus bets expire after 7 or 30 days. Always check the terms when you receive one, and convert it before it runs out.

Is NextBet licensed in Australia?

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

Is NextBet safe to use?

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