Matched Betting Australia

No Risk Matched Betting 2020, Start Here | Make $175 in 30 Minutes

In Matched Betting Australia Guides by Dave77 Comments

Matched Betting Australia - What You need To Know

1) There's no gambling involved. We use betting arbitrage to extract risk-free cash from promotional offers. USA readers can find a separate tutorial here. This guide is specifically for matched betting in Australia.*

2) Anybody over 18 with a residence in Australia can make a side income from arbitrage and matched betting, you don't even need experience. Just follow this 8-step no risk matched betting guide.

3) Don't rush it. The tutorial is detailed but the process is simple. Take your time and make sure you understand how it all works.

4) The only risk is human error. Any questions, leave a comment below or ask in the Facebook group.

What is No Risk Matched Betting Australia?

“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 Does Matched Betting Work?

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

We make our money through the ‘generosity’ of the Aussie bookmakers. Bookmakers all over the world offer a range of bonus bets, offers and odds to their customers. So we use arbitrage and matched betting to play these offers and promotions against each other and turn them into profit without risk.

Generally, the bookie wants you to bet first to qualify for the offers.

“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..”
Don’t worry though, we’re too clever for that gambling nonsense. This is why we place a back bet with the bookmaker and opposing lay bet with the Betting Exchange

This means we cover all potential outcomes of the game, ensuring we do not lose our original deposit. This then unlocks our bonus bet so that we can turn it into real cash without any risk.

Is Matched Betting a Scam?

This is the best first question to have when you hear about making money online. I can assure you matched betting is completely legit, and it's already very popular in the UK.

Matched betting is relatively new to Australia. It's simply the process of turning bookmaker offers into cash. Don't take my word for it, no-risk matched betting has been covered a lot in the media already.

Is Matched Betting Legal in Australia?

Yes, you’re free to do what you like with your bonus bets. The bookies would rather you gamble it blindly. However, in this tutorial, you will see how we can guarantee a profit from it. Just by using the simple strategy in the no-risk matched betting Australia guide below.

william hill quote

Matched Betting Terminology

Some terms you should know before starting the 8-step matched betting guide

So to complete the tutorial we are going to be using the soccer market. We also need to calculate how much to lay on the betting exchange to cancel out the back bet as odds vary on both sites. We have the matched betting calculator that does all this math for is for us, this is explained in matched betting Australia guide below.

So Basically, We are backing a promotional bet with a bookmaker, then going to the exchange and placing a bet on the opposite outcome. Ensuring we can make a cash profit no matter what the outcome.

Here's a quick matched betting Australia FAQ if you need it. 

Matched Betting Australia 8-Step Guide

Step 1 - Sign Up To The Bookmakers

Any bookmaker in the world that will award you a bonus bet, this technique will work for! Make sure you verify yourself before signing up to ensure you are entitled to the bonus!

Step 2 - Sign Up To The  Betting Exchange

Depending on the country you're in, you will have a few options for betting exchanges, Smarkets or Betfair are the two big ones!

Step 3 - Use Decimal Odds Only

This is essential to make things easier when using the matched betting calculator later. Most sites use decimal as default. If the odds are displayed in a fraction there is usually an option in the settings that lets you change this. The chat support feature is excellent on most betting sites though so any issues finding it you can just ask.


Step 4 - Find a suitable bet - Oddsmatcher Australia

To withdraw our bonus bet into cash we must first bet through the value of our deposit. Don’t worry we get it back. The terms and conditions of this bet state that we need to pick odds of 1.5 or higher (Always double check T&Cs  yourself as they can change)

The closer the odds the smaller the qualifier loss. So for this step, we'll need to find a game with close enough odds to back and lay to make sure we extract our initial deposit without risking our cash deposit.

We can do this manually by searching for close back and lay odds on the bookmaker vs Betting Exchange above 1.5. Alternatively, we can do this with free software by using the free 5 day trial of Bonusbank by clicking here. Just enter the code NFLOZ when signing up, you can cancel or downgrade to free as soon as you find your bet. I'd recommend sticking around though as you can make a lot of money with them.

Choose "The ATM" from the Software tab & choose your bookmaker from the dropdown bookmaker menu in the image below, we can see the game that will let us extract our deposit by making the smallest qualifier loss possible.

Oddsmatcher Explained

Two things are important here. We want to find the game with a very low “qualifier loss” to maximise our total profits. We need the closest back/lay odds possible as close to just above 1.5.

Note 1 - In the Oddsmatcher when it mentions a team name under the tab “Bet” this is who we back. If it says draw then we back the draw and then lay against a draw on the Betting Exchange

Note 2 - The red number under "SR" is the amount we lose for every $100 staked no matter the outcome. with this bet we lose $5. However we can now withdraw $95 of our initial $100 deposit. Now we have the $100 bonus bet to make our $70+ guaranteed profit with in the next steps.

My Selection - I choose the Valencia v Celta Vigo game to complete my qualifier bet. Under the tab "Bet" I am told to back Valencia on the Bookmaker at odds of 1.72 and lay against Valencia winning on The Exchange at odds of 1.77. For my $100 I will expect to lose $5. The odds are back at 1.72

I now enter these odds into the Matched Betting Calculator in the next step.

Leave this tab open, as soon as you pick your match, write down the back & lay odds and come back for the next step.

Step 5 - Enter The Odds Of The Back/Lay Into The Matched Betting Calculator

This tells you how much to place on your lay bet on Betting Exchange to cover all outcomes and ensure you don't lose your initial deposit. You can expect to make a small “qualifier loss” aim for less than 5%. Considering you will be getting a 70% profit from the bonus bet this is not an issue.

This is the calculation I used for the $100 example for the Valencia v Celta Vigo game in the previous step. I found on the Oddsmatcher. Simply change the stake and odds to the ones you have found for your qualifier bet. You can see here my outcome is a qualifier loss of $5 and then I am awarded the $100 bonus bet which we later turn into a profit.

Below is my example from the Betting Calculator.

My bet calculations explained.

Back stake – Enter the amount of money you are betting to obtain your free bet, in this example it is $100 to obtain a $100 free bet.

Back odds – Enter the Back Odds you have written down.

Lay odds – Enter the lay odds you have written down.

Lay Commission – Leave this at 5% (It’s a Betting Exchange fee and is standard)

Liability - this is what we lose on the exchange if the Lay bet loses and the back bet wins.

If this happens we are liable to lose $77 on the lay bet with Betting Exchange but we will then win this amount on the back bet (bookmaker) and the loss will be cancelled out. After this is calculated you can see that the stake I need to lay on Betfair is $100 at the odds of 1.77.

Use the arb calculator to find out what you need to lay on Betting Exchange to cancel out your back bet. Again, make sure the bet type is set to “Qualifier/Arb” for this step.

Step 6 - Place Qualifier Bet #1 (Back Bet With Bookmaker)

Finally, we place our bets. Find the game from the Oddsmatcher on both the Bookmaker and Betfair. Make sure the odds are correct and have not changed.

Place the back bet on the Bookmaker for the amount that you deposited for the free bet. In this example, I will place my back bet on Valencia with $100 at the odds the Oddsmatcher gave of  1.72.

Step 7 - Place Qualifier Bet #2 (Lay Bet With Betting Exchange)

Next, we find the correct odds for the opposing lay bet. When you navigate to the correct game you may have to select “View full market” to see all the lay options.

You will see all the betting options for the game. Select the odds in the red box to lay the bet. It is essential you use the red box and not the blue one. We're betting against Valencia winning to cancel out the backed bet we made with the Bookmaker.

Make sure the odds are the same that the Bonusbank Oddsmatcher gave us for the lay bet. In my case 1.77. Once you click on this and add it to the betting slip to the right you must enter the lay stake that the calculator told us. In this example, it is $100 I need to lay on Valencia not winning.


This is the lay stake that the calculator gave us that will ensure the two bets cancel each other out. So now with both bets placed we are left with two outcomes after the game.

Either Valencia win the match and the back bet (Bookmaker) wins or they do not win (this covers both lose or draw possibilities) and then the Lay bet wins (Betfair). Below is what will happen no matter what the result is as per the bet calculations we made earlier.


As expected, we lose $5 from our initial $100 stake. So we then withdraw our $95 from the bookmaker. The good news, now we have a $100 bet to extract the profit from in the next step.

STEP 8 - Extract Cash Profits From Our Bonus Bet

Now with your original money secure minus the small “qualifier loss” we can withdraw this from the bookmaker. Now we can extract the 70%+ no risk profit from the bonus bet.

To get the cash from the bonus bet we follow the same steps but this time in the Oddsmatcher we need to find a game with close odds but this time odds above 3,0 to maximise our guaranteed profit on the free bet.

I choose Juventus V Napoli giving me a $72 profit guaranteed for any $100 bonus bet.


After you find the match, enter the odds again into the calculator but this time select “FREE BET” to get the new calculation. This will tell you the profit that you will make from the free bet. You will never get 100% of the bonus bet value in cash back because the bonus stake is generally not returned, only the profit made from it.

This lowers the profit slightly. (We can expect to make 70-80% of the bonus amount)

NB: You need to enter the stake not returned amount into the calculator, usually just the same as the free bet amount as you don’t get this amount back in your winnings as it’s a bonus bet and not your cash yet.

NB: This time make sure the field BET TYPE is set to FREE BET and not ARB/Qualifier.


After you enter the odds into the calculator you then make your back bet (Using your full bonus bet amount) on the bookmaker, $100 in this guide. Make sure you select the bonus bet and not real money if you still have any in the account.


We then Lay it on Betfair using the Lay Stake that the calculator gives you (In this example my lay stake was $76.19).


So as we see in the calculator image above. After this game finishes, by using the no-risk matched betting technique. I'm guaranteed to get $72.38 either with the bookie or exchange from my $100 bonus bet. Minus my acceptable qualifier loss which was $5 I will make a nice guaranteed profit of $67.38.

Total Guaranteed Profit From Bonus Bet = $67.36 as I used a $100 bonus in the example. If you go for the full $200 you will make double that, so $134.72

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

Matched Betting Australia - 8 Step Tutorial and Tools | No Risk Matched Betting 2019
Article Name
Matched Betting Australia - 8 Step Tutorial and Tools | No Risk Matched Betting 2019
Matched betting is a well-known technique to turn bonus bets into no risk profit through arbitrage. Simply follow the 8 step guide and use our free matched betting calculator to learn how it works. Everything you need to get started on your journey is in the guide.
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Matched Betting Australia
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  1. Hi Dave,

    Can you make money on this method without the bonuses? Like are there certain odds where you can place a back bet and lay bet that gurantee a win? Or is that all too difficult..

    I ask because I wasted one of my bonuses recently (before discovering this) and am worried there wont be enough bous offers out there to make this sustainable!


    1. Author

      Hi Seb, even if you’re a member of all the bookmakers already and can’t get any sign-up bonuses, you’ll still be able to make plenty of money for the arbitrage opportunities in the daily plays section.

      The initial sign up bonuses are only the beginning. Feel free to jump into the Facebook group below where we discuss the ongoing arbitrage offers.

  2. How do we get 7 day free trial for Bonus Bank Premium?
    What is the code


  3. If you are putting in $100 of your money and you win $70 from the bonus bet thats not a $70 profit, thats a $30 loss. Sorry I don’t get it.

    1. Author

      Hi Helen,

      The $100 you put in is returned by backing and laying the first time. By covering all outcomes you ensure you do not lose this. After you then withdraw your initial $100 deposit back, you then use the $100 bonus bet to make $70 cash profit.

      I hope this helps clear things for you. If you have any more questions feel free to ask in the facebook group here.

  4. I’ve done this in the UK and now Im in Australia on a working holifay visa. Will I be able to do this or do I have to have an Australian passport?

    1. Author

      Hi Ryan, Yes you can do it on a WHV, you just need to get a bank account set up so you can have a letter proving your address in Australia, this with your UK passport should be enough to verify with the bookmakers. Any questions, just ask in the forum!

  5. Hi Dave, you are a legend mate.

    I am going to start my first attempt, however, in the T/C of BleBet they said that bonus bets do not apply for racings event outside Australia:

    14. Bonus bets cannot be used on any racing events which take place outside Australia

    So, I was wondering, if I should choose only sports and events in Australia or the term “racings” applies just for horses? If it is a general sport, I will not be able to bet on mainstream soccer leagues.


    1. Author

      Hi Julian,

      I would stick with the Sportsbet market just to be sure, if you’re ever in doubt, it can be worth jumping on live chat and asking them to clarify the terms, I usually take a screenshot of the conversation too, just in case.

  6. Why are the odds on the exchange sometimes different to the odds on sportsbet

    1. Author

      Hi Steven, This is normal, it is also what makes arbitrage betting possible, the difference in odds on one site to another creates an opportunity.The bookmaker like Sportsbet sets their own odds on sports, however, Betfair and other exchanges get their “exchange” odds from people around the world putting up wagers on the site, so the odds will be whatever the market (people) decides.

  7. Hey Dave,

    I’ve been matched betting for 6 weeks in UK and have completed most sign up offers available in the UK. I’m flying to Australia next week on a 1 year WHV, would you say there is other bookies perhaps available in Australia that I’ll be able to use for matched betting that I haven’t used from the UK? I’ve noticed on the site Betfair for example, Which I’ve already used to take about $5,000 through the exchange.

    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.

  8. 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.

  9. 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.

  10. 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.

  11. 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

  12. 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,


  13. 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,


  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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… 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.

  19. 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)


    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.

  20. 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.

  21. Hi Dave

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


    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,


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

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


    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 and I can add you.



  23. 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.


    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 and I can help you.

      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,


  24. 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 and I can help you find a good game.

      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.



  25. 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 and I can add you.



  26. 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.



    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.



  27. 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 and I can add you.



  28. 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.

  29. 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,


  30. 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.

      Hope this helps,


  31. 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

  32. 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 ?


  33. 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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