Frequently Asked Questions About Matched Betting
- What is Matched Betting?
Matched Betting is a way to profit from bookmaker offers and bonuses by using a simple mathematical formula. By betting on all possible outcomes, matched bettors are able to make a profit from the promotions with no risk to their own cash. With so many offers around, it is possible to make hundreds, or even thousands, of dollars every month if you are matched betting in Australia.
- 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. You could also checkout these testimonials from Bonusbank members.
Matched betting works, and bonusbank.com.au simplifies the process so that anyone can do it.
- Is matched betting 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 matched betting 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. Bonusbank has a range of matched betting calculators that do all the hard work for you. You will also find a downloadable profit-tracking spreadsheet so that you can see just how much money you have made.
- Okay, but I know nothing about sports. How will I know what to bet on?
That’s where our ATM matched betting 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 matched betting?
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. We teach our members matched betting strategies that allow them to profit from those promotions.
- What happens if I make a mistake?
Our tutorials teach you exactly what you need to do to guarantee a profit, and our matched betting software and calculators show you what to bet on and how much to bet. However, 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 full of experienced matched bettors who are happy to give advice.
- Do I need a separate bank account for matched betting?
You don’t need one, especially not at first, but we recommend it in the long-term. You will be making a lot of transactions to and from bookmakers, so a separate bank account will make it easier to keep track of your funds.
It is also a good idea to set up a separate e-mail account for your matched betting activity.
- Can i do matched betting from a mobile device?
Yes, you can. Most bookies now have mobile apps that make it easy to sign up and place bets while on the move.
You can also download the Bonusbank Matched Betting app on iOS or Android to get easy access to our tutorials and calculators.
- 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. You can then turn those bonuses into cash using matched betting.