Betting promos in Australia: every type, and how to profit from each
Bookies run promos every day to keep punters betting. Most people take them at face value. Matched bettors know which ones can be turned into cash, which ones pay off over time, and which ones to skip.
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Every promo type at a glance
The names change from bookie to bookie, but almost every promo is one of these.
| Promo type | What the bookie offers | How matched bettors profit | Guide |
|---|---|---|---|
| Deposit offers and bonus bets | Bonus bets when you deposit or bet | Back and lay the bonus bet to keep 70 to 80 percent of it as cash | Bonus bets |
| Refund if it loses | Your stake back as a bonus bet if you lose | Build the refund into the lay and lock in a profit either way | Refund offers |
| Racing 2nd or 3rd refunds | Your stake back if your horse places | Lay at Betfair for a small cost and collect the refunds over time | Horse racing |
| Odds boosts | A bigger price on one selection | Lock it in when it beats the Betfair lay, or value bet it | Odds boosts |
| Early payouts and 2UP | Paid as a winner when your team leads | Lay the team and sometimes win both bets | Early payouts |
| Multi and SGM refunds | Your stake back if one leg fails | Pick the best-value legs and cover the rest | SGM Finder |
| Betfair promos | Boosted prices on the exchange | Take it when the boosted price beats the normal lay price | Betfair boosts |
Three questions to ask about any promo
Can I lock it in?
If you can back and lay it and finish ahead whatever happens, take it. Bonus bets, refund-if-it-loses offers and strong boosts usually can be.
Is it worth it on average?
Refunds on a condition and early payouts cost a little most of the time and pay well some of the time. Worth doing when the average is positive.
Is it worth my time?
A small edge on a tiny maximum stake may not be worth the minutes. The best promos each day are the ones with the most value for the least effort.
Checking every bookie every day is the hard part
Promos change daily across dozens of bookies, racing and sport. Most of them are not worth your time, and the good ones do not last.
🔒 Members see every promo, rated
The promo database lists each day’s racing and sports promos, rates each one by value, and links the strategy to use.
See the promo databaseYour promo toolkit
Promo databases
Every racing and sports promo in one place each day, rated by value, with the strategy to use.
About the promo database →The ATM
Finds the closest bookie and Betfair prices, so converting a bonus bet or covering a promo takes minutes.
About the ATM →HorsePower
Compares every bookie’s racing prices against Betfair live, for the racing promos that run every day.
About HorsePower →Questions people ask
Are betting promos worth it?
Taken at face value, most are not. Used with matched betting, many are: bonus bets can be converted to cash, some refunds and boosts can be locked in, and others pay off over time. The skill is knowing which is which.
Why do bookies offer promos?
To keep customers betting with them rather than a rival. Australian rules stop bookies offering a bonus just for opening an account, so most promos are aimed at existing customers.
Which promos are best for beginners?
Bonus bets. Converting a bonus bet with a back and lay bet is the simplest way to see matched betting work, and you keep roughly 70 to 80 percent of its value whatever the result.
How do I find the best promos each day?
You can check each bookie’s promotions page yourself, or use a promo database. Bonusbank members get every racing and sports promo in one place, rated by value, with the strategy to use.
Can a bookie stop sending me promos?
Yes. Bookies can stop offering promos to accounts they do not want. Mixing in normal bets and spreading your action across bookies helps keep your accounts getting offers for longer.
Stop guessing which promos are worth it
Start with the free course to learn the method, then use the promo databases to find the day’s best promos in minutes.
Free beginners course · No credit card needed · Takes 2 minutes