Frequently Asked Questions
- What is Matched Betting?
Matched Betting is a way to profit from bookmaker offers and bonuses by using a simple mathematical formula. It isn’t the same as gambling as we eliminate 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?
Depending on the offers involved, matched betting can be either no-risk or extremely low-risk. Even with the low-risk offers, the bonuses tilt the odds in our favour in a way that guarantees us a profit over the medium- and long-term.
In reality, the only real risk 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 and other promotions. 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 calculators do 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?
Everyone’s returns will be different but, on average, our members make around $2500 in their first two months as bonusbank members. Many go on to make a great deal more. Check out this blog for more info.
- I already have betting accounts, can I still make money?
Yes. Bookies don’t just offer bonuses to new customers. Every week there are hundreds of promotions available for existing customers, and we show our members how to profit from them.
- 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 and chatroom 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?