Is Matched Betting Legal In Australia?

IT IS!!

At the time of writing this matched betting is completely legal in Australia because all it does is uses offer given to customers by the bookmakers and making the result for the punter risk free.

Although sportsbooks do not like match betting.

Bookies try to prevent people from matched betting by having terms and conditions that allow a bookmaker to prevent matched bettors from accessing promotions.

Its legal the same way that card counting is legal, but casinos HATE it.

Matched betting is a must for anyone already punting or someone just looking to make extra money.

 

What is Matched Betting

Matched betting or Matching is a process of using the bonus bets and promotions offered by online sports betting sites in Australia to make Guaranteed profit regardless of the results.

Why Is Matched Betting Legal?

You are not doing anything wrong just taking advantage of promotions offered to you.

A way that I have tried to explain to others that do not know anything about betting is imagine you get a $100 gift card for petrol if you buy a tv for $400 but you don’t drive. You were going to buy a tv anyway so why not buy this tv and sell the gift card to someone else so then this tv only really cost you $300.

 

How Can You Match Bet Risk Free?

Because you are taking advantage of the bonuses offered to you are not gambling, you know regardless of the result you will be in profit.

An example of this would be if you have $100 bonus bet in your sports betting account

Bookie is offering

Hawthorn at odds of 5.0

You place your $100 bonus bet with the sportsbook

Betfair has a price to lay to other bettors of 5.5

You would then lay odds of 5.5 for a $70 stake and a liability of $315 to someone on Betfair

 

But in

 

If hawthorn wins you would win on your bookie account $400 because they do not give your original stake back when using bonus bets

But you will lose your lay bet on Betfair and you will have to pay out $315

So, you have profited $85

 

If hawthorn lose you would lose your bonus bet on Hawthorn with the bookie

But you would get a profit of $70 – the 5% commission you currently have to pay with Betfair

 

So, as you can see either way the game results you will make a profit Hawthorn wins you get $85 profit but if they lose you will win $66.50.

Using matched betting software you can equalise these amounts so that it is the same profit either way.

 

How Do you Start With Match Bets?

Matched betting is easy but there are many mistakes that you can make.

I you click here you can get some free tools from a company called bonus bank who do a fantastic job (a lot better than me) at explaining the whole process in an easy to understand manner.

They also have extra calculators that do come with a monthly charge but when using them you can easy recoup the small cost.

I personally have used them and their tools to improve the value that I am getting from my match betting.

 

What You Need To Do Matched Betting

• Betfair (Betfair is a must for anyone wanting to do matched betting because it is the only exchange available to Australians)
• An Australian Regulated betting agency account
• Matched betting calculator from Bonus Bank

The Difference Between Matched Betting and Arbitrage Betting

Arbitrage Betting (or Arbing) is another way of making risk free money betting on sports but this does not require bonus bets or any promotions offered by bookies.

The way Arbitrage betting works is by taking advantage of the different prices offered by bookmakers in Australia and betting on all results only if there is enough of a difference that results in guaranteed profit.

 

How Much Money Can You Make With Matching

$1000s can be made each month match betting just using the offers that come up frequently but up to $3000 can be made initially using the original signup offers that bookies can offer.

Although new regulations have made the initial signup bonus smaller because the bookie can no longer advertise them.

They still do offer sign up bonuses.

For more information with matched betting click here for answers to all your questions with a team that specialises in matched betting in Australia with free tools to beginners.

 

There must be a risk?

There are two risks that I have noted while attempting myself.

1 – Gambling Addiction

Even though guaranteeing a profit is not really gambling, by matched betting you are constantly logging onto and depositing money with bookies.

Gambling addiction can be hard to stop but also can be easy to get involved with especially after a big win.

Be aware of this risk because if you are prone or have had a gambling problem in the past matched betting might not be for you.

 

2- Making mistakes

While if done properly it can be easy money, there is a chance for you to make a mistake along the way.

One stupid mistake I have made but I quickly fixed was betting on a different team to the one I layed.

Although this shouldn’t have happened, I double checked my bets after and discovered the error.

Another mistake I’ve made was not using software earlier, using the software on offer online you can maximise profits.

When matched betting without the software and calculators you might not be making the correct selection to get the most money from your available bonus bets.

 

Why were you harping on about Bonus Bank

The simple answer to this is they helped make me $$$.

Sorry about that but I just want everyone that’s interested to know about it and take some of those profits back off the bookies.

 

It seams too good to be true and you have a right and should always be sceptical of any offer of guaranteed money.

Try it with one bookie with small stakes and see if it works for you.