Welcome To Bonusbank

You are now on your way to earning a tax-free income from your own home! At bonusbank, we can’t imagine a better way to make money online than Matched Betting. Whether you want to book a holiday or pay off a credit card, matched betting will help you do it. Our...

What is Matched Betting?

Matched betting is a process that takes advantage of bookmaker offers and promotions. With the right approach, these offers can be used to turn the odds in our favour, and guarantee regular profits, month after month.   A Simple Explanation Matched Betting isn’t...

Earning Bonus Bets

Now that we know it is possible to turn bonus bets into cash, the obvious question is ‘how do we get bonus bets?’. There are a few different answers…   New Accounts Since the advent of online gambling, bookies have used sign-up bonuses as a way...

The Qualifier Bet

A ‘Qualifier’ bet is a bet that you place in order to qualify for a bonus.  For example, a bookie might offer you a ‘New Account’ bonus that is equal to the amount of your first bet. Your first bet would, therefore, be considered the...

The Bonus Bet

Now that we’ve dealt with the qualifier we should have a shiny new bonus bet on our account. The goal is to turn that bonus into hard cash. To do that we follow a very similar procedure to what we’ve just done. Qualifier Bet vs. Bonus Bets The main...

Account Verification

The first thing you should do after opening a new account with a bookmaker – before depositing any money – is verify your identity. Why Is This important? Bookmakers in Australia have to follow money laundering laws which regulate who they can pay money to. If your...

Wagering Requirements

One positive feature of the new National Consumer Protection Framework for Online Wagering in Australia is that it is now illegal for bookies to include wagering requirements on their bonus bets. Once we are confident that this new law is being enforced we will edit...

Matched Betting: Video Tutorial

In the next tutorial we are going to walk you through completing your first sign up bonus, but first you might want to see us do one ourselves.The video below shows a ‘Welcome’ bonus from BetEasy which we received, in NSW, in May 2019. This was almost a...

Your First Sign Up

If you’ve followed all of our tutorials so far – and been able to answer the quiz questions correctly – you should now be ready to tackle your first sign-up bonus and start making money. You’re probably feeling a little bit nervous, but...

Bonus Types

Now that you have completed your first welcome bonus you’re probably keen to get on with the rest. But, before you do, it’s important to understand the different types of bonus that are available. Each type should be approached differently in order to...

Betfair Commission

Betting exchanges make money in a different way than traditional bookies. Let’s look at the different business models here…   Over-Rounds Traditional bookmakers make money through the use of an ‘over-round’. Over-rounds are complicated, so...

Sign-up Like A Pro

Hopefully by now you have opened a few accounts, received a couple of bonuses, and are feeling more confident about how matched betting works. If that isn’t the case, don’t worry, go back and re-read the earlier tutorials or ask for help in the forum. If...

Prepare To Be Restricted

Like death and taxes, for a Matched Bettor, getting restricted by a bookmaker (or bookmakers) is inevitable. Bookies don’t like us. They like mug punters who place multi-bets with 7 selections in them. They like problem gamblers who’ll bet on what colour tie a TV...

Underlaying

What does  a Mexican put under his carpet? Underlay, underlay! Sorry. We’re not talking about Mexicans or carpets here. We’re talking about a strategy that you can use to make things more bearable when your bonus bet wins at the bookie. In an ideal world all of our...

What is a Value Bet?

A value bet is a bet where the odds are tipped in favour of the punter. Let’s look at the example of a simple coin toss: When a coin is tossed it has an equal chance of landing on heads or tails. The probability of either outcome is 50%. In gambling terms, if...

When to bet

As a member of bonusbank.com.au you have access to two important matched betting tools – the ATM and the calculator. These tools tell you what to bet on and how much to bet. There is one more thing to consider, though, and that is when to place your bets. When...

Going Dutch

In the last tutorial we mentioned a scenario where you could back Brisbane at Beteasy and Sydney at Sportsbet in order to try and qualify for some bonus bets. This approach, where we play one bookie against the other, is known as ‘dutching’. We use...

Arbitrage Betting

Way back, in our tutorial about qualifier bets, we mentioned that occasionally the SR column of the ATM will show a number in green. When this happens it is possible to make a profit from the qualifier bet. The reason that we can make a profit is that the back odds...

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