Bookie guide

SportsBet matched betting guide

How to turn SportsBet 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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SportsBet at a glance

StatusOpen
PlatformOwn platform (corporate)
Licensed inNT
Bonus bets expireNo expiry

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

Promos SportsBet runs

Promo types we have recorded at SportsBet recently. Members see every live offer, with the value and the strategy to use, in the promo database.

  • RacingBonus back if it loses
  • RacingRefund if it runs 2nd or 3rd
  • SportOther promo
  • SportRefund if it runs 2nd or 3rd

How to matched bet with SportsBet

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

SportsBet 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 SportsBet rules we have on record.

  • Tennis: *SEE AO RULES*Settled on player progressing anytime
  • 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: SportsBet sports rules. Rules change, so check the latest version.

What members see for SportsBet

🔒 Safety rating, account notes and live promos

Members see our safety rating for SportsBet, 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 SportsBet?

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

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

When do SportsBet bonus bets expire?

Our records show SportsBet bonus bets expire after no expiry. Always check the terms when you receive one, and convert it before it runs out.

Is SportsBet licensed in Australia?

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

Is SportsBet safe to use?

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