No risk matched betting australia 2018

No Risk Matched Betting | Start Here | $175 in 30 Minutes

In Matched Betting Blog Australia | Make $1000+ Per Month in 2018, Matched Betting Tutorials by Dave63 Comments

About

Dave

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I've been funding my travels with no-risk matched betting since 2016, If you need any help getting started feel free to leave a comment, ask in the Facebook group or you can reach me at Dave@MatchedBettingOz.com.

5 Quick Points

  1. There’s no gambling involved, we’ll be extracting risk-free cash from the sign-up bonus offers that each Aussie bookmaker offers to new customers. USA readers can find a separate tutorial here.
  2. Anybody with a residence (even temporary WHV is okay) in Australia can make up to $175 with this no risk matched betting guide.
  3. The tutorial is detailed but the process is simple. I want to be comprehensive so please read through once to get the idea before completing the 8-step guide, make sure you understand how it works and don’t rush it.
  4. After we extract the profit from the first sign-up bonus bet, we can then replicate this technique with the sign-up bonuses being offered by all the other big online bookmakers.
  5. The only risk is a human error so if you have any questions just ask at Dave@MatchedBettingOz.com, leave a comment below or ask in the Facebook group.

Request Access To The Facebook Group Here

What Is No Risk Matched Betting?

“No Risk Matched betting is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance” – Wikipedia

How Is no risk matched betting 100% Risk-Free?

“We leverage free bonus bets and turn them into cash without risk.”

We make our money through the generosity of the bookies, each bookie offers a sign-up bonus usually matching your first deposit up until a certain amount. (Eg. if your Qualifying Bet is $50 you will be awarded a Bonus Bet of $50 = $35 no-risk profit). So we leverage these free bonus bets and turn them into cash without risk.

Generally, the bookie wants you to bet through your deposit first to qualify for the free bet. Don’t worry we’re too clever for that gambling nonsense. This is why we both back and lay the bet on two different bookmakers as explained in the tutorial. Hence we cover both outcomes ensuring we do not lose our original deposit and by unlocking our bonus bet that we can extract our profits from later.

Is matched betting legal?

Yes, you are free to do what you like with your sign-up bonus bets. The bookies would of course rather you gamble it blindly, but in this tutorial, you will see how we guarantee a profit from it by using the matched betting technique in the 8 steps below.

is no risk matched betting legal

Terminology

Some terms you should be aware of before starting the 8 step guide

 

So to complete the tutorial we are going to be using the soccer market and Sportsbet, again if you already have an account or have trouble getting the bonus you can try any of the bookmakers here. We will also need to calculate exactly how much to lay on the exchange to cancel out the back bet as the odds vary on both sites. We have the matched betting calculator that does all this math for is for us, this is explained in the guide.

Following the guide you will make a profit of 70%+ of your initial deposit in profit in about 30 minutes. Remember don’t rush it and double check everything as you go along to make sure everything adds up for you. See you on the other side, slightly richer 🙂

“if your Qualifying Bet is $50 you will be awarded a Bonus Bet of $50 = $35 no-risk profit”

For this guide, I deposited $50 granting me a $50 free bet (with this I can expect around $35 risk-free profit). If you deposited any other amount and were awarded a different bonus, just enter this instead of the $50 in my examples. Remember you do not lose or risk this initial deposit, you get it all back with your profit.

The 8-Step No Risk Matched Betting Australia Guide 2018

 

 

All done, congratulations on completing the no risk matched betting guide and making your first profits. If you’ve any questions about matched betting Australia feel free to ask me in the facebook group or leave a comment below.

First profits from the sign-up bonus, nice … but what now?

Once you made your first profit with the tutorial I would recommend going through the other big bookmakers sign up bonuses before getting into any daily promo offers that we profit from. You can find a list of the easiest ones to complete here.

Click Here for the easiest bonuses to start with!

Comments

    1. Author

      Hi Jackson, It depends on the value of the bonus bet they offer you. If you’re offered a $200 bonus for depositing $200 there would be no sense in depositing more. You just need the amount required to get the bonus being offered, then just follow the 8 steps to turn the bonus into profit.

  1. I live in Victoria, I take advantage of sign up bonuses as they exclude VIC residents. Does this mean I cannot engage in Matched Betting?

    1. Author

      Hi Rob,

      If you’re having trouble getting a bonus after you signed up, take a look at this.

  2. Hey Dave,
    I signed up for ladbrokes and obtained a $160 bonus bet already, through a deposit. Does this still mean I have to do the qualifier bet like the sportsbet examples you showed above.

    1. Author

      Hi Eddie,

      Yes, you will need to do the qualifier bet before you can withdraw your initial deposit and matched betting profit.

  3. hello mate thanks for your ideas ..i nearly finish all the signup bonuses and make a profit around 1000$…so i was wondering that how can i make a constant profit around 1000$ every month… is it possible make profit every month .i need your ideas mate …thanks again

    1. Author

      Hi, Great to hear you have made a nice profit, once you get through the sign-up bonuses you can take a look at how to keep making a profit with the daily promotions here or jump into the facebook group here.

    1. Author

      Hi Alison, Yes the same method will work anywhere you can receive a bonus or promotional offer, however always take a look at the T&Cs of the promos though to make sure NZ in included.

  4. I’m from NSW and have got through the Sportsbet and Bluebet bonuses already but im struggling to get the bonus from some of the other bookmakers, william hill just said no when I asked them on live chat, any ideas mate?

    Thanks for the help getting started.

    1. Author

      Hi Lukas,

      With the spring carnival, a lot of bookmakers were holding back the sign up bonuses because they had so many other promos going on so it might have been more difficult over the last week or two. Should be back to normal now I recently outlined the best way to get the bonuses awarded if you are having trouble getting one in a “restricted state” like NSW, WA etc.

      The post is here

  5. Hi Dave,

    Love your work mate. I’ve just started out and am about to make some qualifying bets. I’ve read all the Ts and Cs and have spoken to a few people on live chat. It seems I’ll have to turn my winnings over from the free bet from the majority of the ones I’ve looked at. Is this pretty standard?…apologies if I’ve missed that somewhere in the tutorial.

    I figure I’d just repeat the steps for the qualifying bet to take another small loss to withdraw free money? Thanks!

    1. Author

      Hi George,

      You are spot on, as per the tutorial step for the qualifier bet you will need to place this before withdrawing, this is to be expected. You should only make a small loss for each qualifier bet (less than 5%) and then you will make the 70%+ profit on the bonus bet so this is not a big deal.

      Whenever you need to complete a turnover requirements to take profits out you simply place a back and lay qualifier bet.

      If you need anything else just let me know.

      Talk soon,

      Dave

  6. Hi Dave Thank you for this tutorial! I’ve been reading over it over the last week and I’m still a bit confused on a couple things, that I find quite hard to explain. I understand in your first bet with your own money you come out clear, however Do you need to keep putting your own money into the exchange? I’ve never really placed bets so it’s all new to me and trying to get my head around it before I jump in. Also I’ve tried to find odd matchers from Australia but cant find any as straight forward as the one in your tutorial. Any suggestions? Thanks

    1. Author

      Hi Kirstie,

      Once you place your back and lay qualifier bet you can then withdraw that money from the bookmaker and put it into the exchange, this means you can then use this to lay against the bonus bet, using the calculator to see how much you need to place to retain 70% of the bonus bet no matter the outcome.

      Make sure for the second part where you turn the bonus bet into profit that you set the calculator to “free bet” as opposed to the default “qualifier bet”

      If you need anything else just let me know.

      Talk soon,

      Dave

  7. Hi, I just went through the sportsbet bonus and found it easier than I imagined. Do you recommend leaving your profits in the bookmaker for a while to look like a regular bettor or is it okay to just take it out straight away when you finish with the bonus?

    1. Author

      Hey Robbie,

      I have always just taken the profits out straight away, when I was starting out I would then load them back into the exchange so I can move on to the next bookmakers sign up bonus bet. I never had any issue, in fact I think most regular punters would take profits out anyway so I wouldn’t worry about it.

  8. Hi Dave.
    Once I’ve gone through all the bonuses, could I do it all again with my partners details.

    1. Author

      Hi Tony,

      Most bookmakers will limit the sign up bonus to 1 per household and IP address, you would need to look at the T&Cs before. It is however possible to do it for friends or family who have a different address though. Also in most cases you can still make the most of all the weekly promotions and bonus offers though.

  9. I have finished the Sportsbet bonus offer and made a tidy profit, is it possible to just sign up with another name and just do it again?

    1. Author

      Hi Greg,

      You need to verify each account you make with the bookmaker using your ID and proof of address when signing up. This prevents people from making multiple accounts, it is also against their T&Cs so not possible. Once the sign up bonuses are dried up take a look at the Daily offer and Blog page to see how to keep making profits from the weekly promos.

  10. Hello,
    I was so close to getting started however my attempt was halted by the Oddsmatcher restrictions. Since I went with the free version, the only bookmakers it allows me to view is Betfred and Coral. What can I do to view Sportsbet? Please keep in mind I did not forget to filter the results. The Oddsmatcher simply prohibits the use of Sportsbet and Betfair analytics without a paid membership.

  11. You Dave are a dead set legend.
    Me and a mate both did this with $500 (had to split it up into 2 bets because the liability)
    But after it was all done we made over $370 in profits.

    Im still nervous because of T/C’s, differences with bookies and worried ill make a mistake with not picking good enough odds but as long as I take my time and follow your steps I’ll be sweet.

    Only tough part is finding the right match to bet on with the best return and not needing a massive liability…..free money cant always be that simple hahaha. More times i do it the better.

    Thanks again Dave your AWESOME.

    1. Author

      Hahaha, cheers for the love, I’m kind of a big deal around here :-p

      The best thing is now you can just repeat the same steps if your mate sets up his account and gets a sign-up bonus for his account.

      If you are ever worried about T&Cs just make sure to jump on live chat and ask them the minimum odds and turnover requirements, then take a screenshot just in case they change them (never happens, but for peace of mind).

      Just stick with the mainstream bookmakers and you will be fine. Sportsbet, Crownbet Tab, William Hill & Luxbet are the first ones I would get through. When you get these 5 bonuses finished you will be well in the profits and you can also start playing their weekly promos to make some good steady income over time.

  12. Hi Dave,

    I have tried it, its work however i forgot to put Stake Not Return on my free bet, would it be a problem? also just wondering regardless which bookmakers we are using you can go on betfair and lay your bet there without looking whether that bookmakers is in betfair or not (oddmonkeys free account doesnt show all bookmakers, its only showing 2 UK basked bookmakers)
    Thanks..

    Jeet

    1. Author

      Hi Jeet,

      Make sure going forward that if the stake is not returned with your bonus bet (this is the case 95% of the time and with Sportsbet) that you enter the stake not returned amount into the calculator.

      Yes, you can use Betfair as the betting exchange for all the matched bets you place regardless of what bookmaker you are trying to get a bonus from.

      If you need odds you can just email me and I can find some for you, sometimes Oddsmonkey restricts the Australian bookmakers in their free trial. Just message me if this is the case and I can check for you.

  13. Hi in the example step 7B im a bit confused. If i place a back bet of $50 on sports bet at $1.75. And place a lay bet on betfair of $38.88 at $1.76 the two outcomes are as follows.

    If Sports bet wins i get $87.5 including my $50 bet so im in the positive by $37.5. I then lose $38.88 on betfair and im down $1.38. Makes sense.

    However if the lay bet wins i get 38.88×1.76 = 68.42 including my bet. So im now in the positive by $29.54. I then lose my $50 bet with sportsbet and im in the negative $20.45. Am i missing something.

    1. Author

      Hi Steve,

      I entered your odds and stake ($50) into the calculator. In your example, you are placing the wrong lay stake. If you are placing a qualifier bet of $50 on Sportsbet at the odds 1.75 and laying at odds of 1.76 the calculator tells us that the Lay stake required:$ 51.17

      (not $38.88 as you mentioned, this is the liability amount you need in the exchange, not the lay stake as mentioned on the calculator)

      Placing your back bet @ $50 and lay bet @ $51.17 will leave you with a qualifier loss of $1.39 no matter the outcome of the game and you would then be able to use your $50 bonus bet to turn into a $35+ guaranteed profit.

  14. Hi Dave

    Thanks for explaining all of this. I’ll give it a go for sure and let you know what happened.

    Barry

    1. Author

      Hi Barry,

      No problem at all mate, just remember to take it slow the first time you do it and make sure you understand how it all works and you will be fine. If you have any questions or have trouble finding close back/lay odds just let me know.

      Talk soon,

      Dave

    2. Hi Barry – how did you go? I stumbled across this yesterday and are completely confused!

  15. Hi Dave,
    Is this only available for first time users on sports bet? I.e those applicable for sign up bonus bets?

    Joel.

    1. Author

      Hi Joel,

      If you already have a Sportsbet account you can move on to the other free bonus bets from the rest of the online bookmakers. The reason I use Sportsbet in my tutorial to start is because it is the easiest to complete. However, once the sign-up bonus bets are complete you can keep making profits with all the bookmakers.

      We do this with the weekly promotions they offer. They are posted in the Facebook group. If you want to get involved let me know at Dave@MatchedBettingOz.com and I can add you.

      Best,

      Dave

  16. Hi Dave,
    I cannot find any Australian sites on Oddsmonkey oddsmatcher, I presume I cannot sign up to any of the UK bookies (or can I ? ) The free version only gives 2 UK bookies, any advice to give me Dave.

    Janet

    1. Author

      Hi Janet,

      To do this in the UK you would need a UK proof of address to verify with the bookmakers. Regarding the 2 bookies available with the free version. This is only the case on some free accounts and hopefully it reverts back soon.

      In the meantime if you have trouble finding close odds to place your qualifier bet just let me know at Dave@MatchedBettingOz.com and I can help you.

      TIP:
      A good way to manually find close back and lay odds, go for the AFL/NRL games, you can always find very low qualifier losses with these. Then to get the profit from the free bet the EPL (English Premier League) usually has good close back and lay odds to get a guaranteed 70%+ profit on your bonus bet.

      Talk soon,

      Dave

  17. Hi Dave,

    I was using the odds matcher today and when I limited my search to sports bet nothing showed up. Does this mean there are no matches available??/

    1. Author

      Hi Sam,

      If you have trouble finding close odds to place your qualifier and bonus bet just let me know at Dave@MatchedBettingOz.com and I can help you find a good game.

      TIP:
      A good way to manually find close back and lay odds, go for the AFL/NRL games, you can always find very low qualifier losses with these. Then to get the profit from the free bet the EPL (English Premier League) usually has good close back and lay odds to get a guaranteed 70%+ profit on your bonus bet.

      Best,

      Dave

  18. Hello, do you need a new email address every time you want to try this again? How do you continue to receive the match bet?

    1. Author

      Hi Jacob,

      Only one email address is required, once the initial sign-up bonus bets are complete from all the bookmakers you can keep making profits. At this stage, you should be up about $2000+.

      We then use the weekly promotions they offer. They are posted in the Facebook group. If you want to get involved let me know at Dave@MatchedBettingOz.com and I can add you.

      Best,

      Dave

  19. Hi Dave

    I’ve just moved to New Zealand from the uk. Are most Aussie bookie promos open to NZ residents as well?

    Cheers mate

    1. Author

      Hi Ntobeko,

      The best thing to do is jump on the live chat feature on the bookmaker website and confirm if members for NZ can join. If so then the process will be the exact same.

      Best,

      Dave

    1. Author

      Hi Eddy,

      Essentially any country that has an online bookmaker awarding free bonus bets you will be able to do this. I do not know if this is the case in Uganda.

      Best,

      Dave

  20. Hi Dave, I understand the mechanics of this system. What I don’t understand is what do you do when you bet your first free bonus. Do you get other bonuses every time you bet? Cheers Andrew

    1. Author

      Hi Andrew,

      once the initial sign-up bonus bets are complete from all the bookmakers you can then focus on sustaining profits each week. At that point, you should be up about $2000+ in profit from the sign up bets.

      We use the weekly promotions they offer. They are posted in the Facebook group. If you want to get involved let me know at Dave@MatchedBettingOz.com and I can add you.

      Best,

      Dave

  21. Dave, I’m from the U.S. and have a couple questions. Is this legal in the U.S. and if so what sites do you suggest?

    1. Author

      Hi Jamie,

      As of now I am only knowledgable about the Australian and UK markets. This method would however work with any bookmaker that lets you sign up and that offers promotional and bonus bets.

  22. Hey just curious. If i put a soccer bet on. Team a to win back bef and team a to loose lay bet. If team a and team b draw i loose everything right?

    1. Author

      Hi Mick,

      After you bet on team A to win with the bookmaker, on the exchange you are then betting that team A will simply not win the game.

      The difference here is that this covers any outcome that involves team A not winning. So both a Team B victory or a Draw

      I hope this clears things up a little, the lay always covers the other possibilities of the outcome of your back bet so no matter what the outcome of the game you do not lose your initial deposit.

    1. Author

      Hi Pedro,

      Anywhere you can place online bets with promotional markets or get a sign up bonus the same method would apply. Personally I don’t have experience with the US market, just Australia and the UK but there is not reason it would not work if the bonus offers are similar.

      I hope this helps,

      Dave

  23. Whenever i press ‘find bets’ on freebets4all auto matcher, it redirects me to the Sportsbet homepage. Why?

    1. Author

      Hi Jack,

      This is just them using the pop of to make money from advertising on their website. It should open in a new tab so so you can just close it down and continue to use the oddsmatcher.

      Alternatively Oddsmonkey have recently added some Australian sites to their oddsmatcher and its free to use. There is no need to sign up for the paid version to use it.

      http://www.oddsmonkey.com/OddsSearch.aspx

      Hope this helps,

      Dave

  24. yeah sportsbet flat out refused me from WA. and said i had to use the account with my own money to get any future bonuses

    1. Author

      When this happens it is important in future to not deposit before you are guaranteed a bonus as mentioned in the article, if it not awarded straight away then after some back and forth their marketing department will usually email you something. If you need any more help with this in the future you can email me Dave@matchedbettingoz.com

  25. Hi,
    Have been looking into this & was keen to make a start on it, I live in Victoria-Australia, and every betting site I go to to sign up & get the bonus bets says in the T&C’s that it excludes Victorian residents ?
    Is there any way around this ?

    Cheers

  26. Hey mate thank you for this method I’m going to try it soon I’m broke and need to start getting some money in (I have a few medical problems and can’t work at the moment) for my family may I ask if there is a video tutorial for doing this as I do not want to screw it up? Thank you for your time!

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