Frequently Asked Questions
- What is Matched Betting?
Matched Betting is a way to guarantee a profit from bookmaker sign-up offers and bonuses by using a simple mathematical formula. It isn’t the same as gambling as we eliminate any risk by betting on all possible outcomes . With so many offers around it’s easy to make thousands of dollars in just a few months.
- What’s the catch?
There really isn’t one. If you don’t believe us why not check out this article in the guardian, or this one in the telegraph, or here in the Huffington Post. Matched betting works, and bonusbank.com.au simplifies the process so that anyone can do it.
- Is it really no-risk?
The only risk involved is human error. As long as you read the tutorials, follow the instructions and take your time when placing the bets, you can’t go wrong.
- Is this legal?
It seems like it shouldn’t be, right? It’s too easy. But it’s completely legal. Online gambling is a hugely profitable business for bookmakers and they all want you to bet with them rather than their competitors, so they offer bonuses to get you to sign-up. All we’re doing is taking those bonuses and using maths to make sure we profit.
- So I have to be good at maths?
It’s definitely an advantage to be good with numbers, but it’s not necessary. The bonusbank calculator does all the hard maths for you and our downloadable profit-tracking spreadsheet helps you keep track of your profits.
- Okay, but I know nothing about sports. How will I know what to bet on?
That’s where our one-of-a-kind ATM software comes in. It identifies the best matches so that you make as much from each bonus as possible. Remember, we’re not trying to pick winning teams – with Matched Betting we always win, no matter the outcome of the game.
- Sounds great! So, how much can I make from sign-up bonuses?
There are over $5000 worth of sign-up bonuses available from Australian bookmakers. How much of that you can transfer to your pocket depends on a couple of things though:
o Your starting bank – Money makes money. We recommend a minimum starting bank of $250. With that amount you should be able to make at least $500 from sign-up bonuses. However, if you can afford to invest $1000+ in your starting bank you should make $2500-3500 profit.
o Where you live – Every state has different rules regarding what bonuses bookies are allowed to offer (and every bookie is different when it comes to following those rules), so where you live will affect your results. Don’t worry though, we have a handy guide that shows you how to approach each bookie, no matter where you live.
- What happens when I run out of sign-up bonuses?
The offers don’t stop once you’ve signed up, the bookies are always offering incentives to keep you betting and bonusbank.com.au is always finding ways to make you money. By following the instructions in our ‘Today’s Plays’ section you can realistically make $500-1000 per month for just a few hours work every week.
- I already have betting accounts, can I still make money?
Even if you already have an account with every bookmaker out there, you can still make $500-1000 a month by following ‘Today’s Plays’.
- What happens if I make a mistake?
Our tutorials show you exactly what you need to do to guarantee a profit, and the bonusbank ATM and our built-in calculator show you what to bet on and how much to bet, but if you make a mistake – or just want someone to double-check things for you – our support staff is there to help. We also have a community forum where more experienced members can give advice.
- Do I need a separate bank account?
You don’t need one, especially not at first, but we recommend it in the long-term. It’s a great feeling watching your profits grow week after week. It’s also a good idea to set up a separate e-mail account for your matched betting activity.
- I’m not an Australian citizen, can i make money matched betting?
Yes, you can! If you have a bank statement or electricity bill that shows that you are living in Australia you will be able to open bookmaker accounts and receive bonuses.
- How do I get started?
Just go to the sign-up page and choose the membership option that’s best for you. What are you waiting for?